By STEPHEN MARRIOTT 08/07/2009
Clearbridge is a New York based, research driven house that was part of Citigroup before it was bought out by Legg Mason in December 2005. US Appreciation is its flagship fund and mainly invests in large and medium sized companies (c70%), targeting both traditional growth and value stocks. The fund appears to perform best in value driven markets.
The experienced management team run the fund with an emphasis on preserving capital and therefore should be considered by those investors looking for a slightly less risky option for US equities.
The fund has been awarded three stars.
Note the fund is offshore and has both Sterling and US dollar share classes.