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January 31, 2026
Value Strategy 4Q25 Update

Portfolio Manager Sam Peters discusses the drivers of portfolio performance in the fourth quarter, recent buys and sells and why positioning for many possible futures is important in a market priced for a narrow set of outcomes.

January 22, 2026
Dividend Strategy 4Q25 Update

Portfolio Manager Mike Clarfeld breaks down portfolio performance in the fourth quarter, discusses his approach to diversification in a concentrated market and gives his outlook for dividend stocks in 2026.

January 1, 2026
2026 Infrastructure Market Outlook

We expect fiscal liquidity and dovish central bank policy in 2026 to pressure bond yields, which should support utilities and also drive growth on GDP-sensitive user-pays infrastructure.

December 31, 2025
Semiconductor Strength Drives EM Outperformance

Emerging Markets 4Q25: The Strategy outperformed the benchmark for the quarter and full year, led by strong contributions from our holdings in Korea, China and Taiwan.

December 31, 2025
Embracing a Broadening Growth Market

Large Cap Growth ESG 4Q25: Resurgent growth in the economy ex-tech from fiscal stimulus and easing monetary policy could lead to increased participation beyond AI such as in health care and short-cycle industrials.

December 31, 2025
Small Cap Poised for Breakout

Small Cap 4Q25: A challenging year for small caps ended with signs that improving earnings dynamics and attractive valuations may begin to favor patient, disciplined portfolios.

December 31, 2025
Recommitting to Innovation and Secular Trends

Select Strategy 4Q25: We continued to upgrade the portfolio for a volatile market environment, initiating six new common stock positions while expanding our private market exposure to innovative companies.

December 31, 2025
Improvers Benefit from a Broadening Market

Global Value Improvers 4Q25: A broadening global rally and improving fundamentals across key holdings supported strong fourth-quarter performance for Global Value Improvers.

ClearBridge Video