Choosing Active: How, When and Why

Choosing Active: How, When and Why

We asked four of our top managers to reflect on what active strategies can do and how they can complement passive in a diversified portfolio. The result: a must-watch reminder of why active remains a must-have in today's market environment.

When Active Has the Advantage

When Active Has the Advantage

From fixed income to equities, active managers can add value in ways that investors would be foolish to ignore.

Will Yesterday’s Successes Repeat?

Will Yesterday’s Successes Repeat?

Passive doesn’t allow for an active view on stocks whose future may look nothing like their past, notes ClearBridge Investment Strategist Jeff Schulze.

Choosing Active in Fixed Income

Choosing Active in Fixed Income

The flexibility that active bond managers can bring to security and sector selection can be invaluable, notes Western Asset’s Carl Eichstaedt.

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IMPORTANT INFORMATION: All investments involve risk, including loss of principal. Past performance is no guarantee of future results. An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.

Equity securities are subject to price fluctuation and possible loss of principal. Fixed-income securities involve interest rate, credit, inflation and reinvestment risks; and possible loss of principal. As interest rates rise, the value of fixed income securities falls. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets.

The opinions and views expressed herein are not intended to be relied upon as a prediction or forecast of actual future events or performance, guarantee of future results, recommendations or advice.  Statements made in this material are not intended as buy or sell recommendations of any securities. Forward-looking statements are subject to uncertainties that could cause actual developments and results to differ materially from the expectations expressed. This information has been prepared from sources believed reliable but the accuracy and completeness of the information cannot be guaranteed. Information and opinions expressed by either Legg Mason or its affiliates are current as at the date indicated, are subject to change without notice, and do not  take into account the particular investment objectives, financial situation or needs of individual investors.