Glasser takes all-weather approach to reduce volatility for investors

ClearBridge US Appreciation manager sees value of keeping longer-term view, citing tradition and growth fundamentals as key to performance

ClearBridge US Appreciation fund has returned 9.98% against the S&P 500's -11.01% this year to 31 March. The $35.4m vehicle, which is part of Legg Mason's global suite of funds domiciled in Dublin, is managed on a team-led basis, co-headed by Scott Glasser. It is invested largely in medium- to larger-cap US companies with the aim of generating steady rates of return with low risk over a five-year cycle. The portfolio will usually consist of around 100 stocks with positions of around 2%-4% and sector weightings of either plus or minus 5%, therefore not taking any extreme sector or stoc...