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Appreciation Strategy Update

March 2017

1Q17 Update: Portfolio Manager Michael Kagan shares his insights into what drove the equity market in the first quarter, what stocks and sectors helped or hurt performance for the Appreciation Strategy, and his outlook for the economy and market going forward.

Michael Kagan

Portfolio Manager
32 Years experience
23 Years at ClearBridge

Related Perspectives

  • Appreciation Strategy
    3Q17 Commentary: Solid worldwide economic news propelled markets, with valuation as the greatest threat.
  • Appreciation Strategy
    2Q17 Commentary: U.S. economy continued the 1Q pattern of strong “soft” data but somewhat weaker “hard” data.
  • Taking an Active Approach to Managing Volatility
    PM Michael Kagan joins Investment Strategist Jeffrey Schulze to discuss active low volatility strategies in the current market environment.
  • Appreciation Strategy
    1Q17 Commentary: The market’s future path seems dependent upon the success of policy initiatives to bolster economic growth.
  • Appreciation Strategy
    4Q16 Commentary: A post-election rotation from bonds to stocks drove gains in an increasingly expensive market.
  • Past performance is no guarantee of future results.
    The opinions and views expressed herein are of the Portfolio Managers listed as of the date shown, and may differ from other 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. 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 nor its information providers are responsible for any damages or losses arising from any use of this information.