Legg Mason's Bourbeau: No tax reform would be 'big fail' for US large caps

Mike Sheen
clock • 2 min read

Managing director and portfolio manager of Legg Mason's $840m ClearBridge US Large Cap Growth fund Peter Bourbeau has warned the biggest US stocks could suffer significant fallout if President Donald Trump fails to pass significant tax reforms, which have already been partially "priced-in to the market".

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on US

Hargreaves Lansdown selects Franklin Templeton strategy for US mandate
US

Hargreaves Lansdown selects Franklin Templeton strategy for US mandate

Rising demand for diversified US exposure

Michael Nelson
clock 20 October 2025 • 1 min read
Fed rate cut expected to boost flows into fixed income strategies
US

Fed rate cut expected to boost flows into fixed income strategies

Size of cut under debate

Patrick Brusnahan
clock 15 September 2025 • 2 min read
What Trump's Fed power grab means for portfolios
US

What Trump's Fed power grab means for portfolios

Central bank's independence threatened

Alex Sebastian
clock 10 September 2025 • 11 min read
Trustpilot