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Vanderlee Talks Income at CEFA Advisor Summit

September 14, 2016

ClearBridge Investments Portfolio Manager Peter Vanderlee, CFA, appeared as a panelist at the Closed-End Fund Association Advisor Summit in New York on Sept. 14.

In the panel, titled "Generating and Managing an Income Stream for Your Clients," Vanderlee said that there are multiple ways to position a portfolio for income but emphasized that a “blended” approach that invests in a wide variety of income-generating products - such as energy MLPs, REITs and high-quality dividend-paying stocks - offers “good diversification because the correlation between asset classes [in the portfolio] is low.” Vanderlee also noted that this kind of strategy allows portfolio managers the flexibility to adjust allocations based on market conditions.

Ultimately, Vanderlee said his goal as an income-oriented portfolio manager is total return over the long term. “We’re really interested in income growth and capital appreciation over time,” Vanderlee said.

You can find out more about ClearBridge’s income strategies on our Income Solutions page.

Peter Vanderlee, CFA

Portfolio Manager
19 Years experience
19 Years at ClearBridge

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  • All opinions and data included in this commentary are as of September 14, 2016 and are subject to change. The opinions and views expressed herein are of Peter Vanderlee and may differ from other portfolio managers or the firm as a whole, and are not intended to be a forecast of future events, a guarantee of future results or investment advice. This information should not be used as the sole basis to make any investment decision. The statistics have been obtained from sources believed to be reliable, but the accuracy and completeness of this information cannot be guaranteed. Neither ClearBridge Investments, LLC nor its information providers are responsible for any damages or losses arising from any use of this information.

  • Past performance is no guarantee of future results.

  • Equity securities are subject to price fluctuation and possible loss of principal. Real estate investment trusts (REITs) are closely linked to the performance of the real estate markets. REITs are subject to illiquidity, credit and interest rate risks, and risks associated with small and mid-cap investments. Investments in MLP securities are subject to unique risks, including the risks of MLPs and the energy sector, including the risks of declines in energy and commodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation, and changes in tax laws. Dividends may fluctuate and a company may reduce or eliminate its dividend at any time. Diversification does not guarantee a profit or protect against a loss.