Legg Mason's heavyweight managers are uber-bulls on the US corporate sector across the market cap spectrum, with Chuck Royce predicting a rebound in small caps and Bill Miller seeing a return to form with his large-cap holdings.
Miller, the chairman of Legg Mason Capital Management and manager of the $4bn Value Trust, has seen a sharp reversal of fortune after a long period of underperformance, following a rotation in the top performing stocks in the market. Equities that fell furthest last year are surging to 10-year highs, leading to a bounce back in performance for certain managers. Miller’s fund has been propelled to the top of the tables after trailing 98% of peers in 2010, according to Bloomberg. Miller remains resolutely bullish on the market, insisting now is the perfect time to buy, with US equity va...
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