Targeting International Growth with a Broad Mandate
We believe successful investment in international growth equities requires having a differentiated view and a willingness to own overlooked and out of benchmark growth companies. A valuation approach to growth points us to opportunities and contributes to risk management.
We seek to participate wherever growth occurs with risk characteristics in line with more core-like benchmarks through a diversified approach that focuses on three categories or buckets of international growth companies: structural, secular and emerging. A valuation approach to growth leads us to opportunities not properly appreciated by the market and is also a contributor to risk management. Having a different view than the consensus helps identify under covered and out of benchmark growth companies in developed and emerging markets and across market capitalizations that can improve a portfolio's growth and risk-return profile.
Authors: Elisa Mazen, Head of Global Growth, ClearBridge Investments; Thor Olsson, Portfolio Manager, ClearBridge Investments; Michael Testorf, Portfolio Manager, ClearBridge Investments; Pawel Wroblewski, Portfolio Manager, ClearBridge Investments