ClearBridge International Value Strategy Q4 2023 Portfolio Manager ... - Seeking Alpha

International markets generated positive returns in the fourth quarter, as disinflationary data, renewed hopes of an economic soft landing and declining bond yields in the U.S. and Europe overcame concerns over renewed hostilities in the Middle East and continued economic challenges in China. The benchmark MSCI EAFE Index returned 10.42% for the quarter. A dovish policy pivot by the Federal Reserve helped to spur growth stocks ahead of value stocks for the quarter, with the MSCI EAFE Growth Index returning 12.72% versus the 8.22% return of the MSCI EAFE Value Index (Exhibit 1). While the fourth quarter helped to narrow the full year performance gap, the MSCI EAFE Value Index still ended the year ahead of the ...

seekingalpha.com     Jan 14, 2024