ClearBridge International Growth ACWI Ex-US Strategy underperformed the MSCI All Country World Ex-US Index in Q4 2025, as growth stocks lagged value shares, even as the benchmark gained 5.1% in the quarter.
During Q4 2025, the fund initiated new positions in Roche (RHHBY), Ryanair (NASDAQ:RYAAY), KBC Group (KBCSY), Nu Holdings (NYSE:NU), L’Oréal (LRLCF), PT Unilever Indonesia (UNLRF), ASML (NASDAQ:ASML), and Sandvik (SDVKY).
In Q4 2025, the fund exited Trane Technologies (NYSE:TT), UniCredit (UNCRY), Antofagasta (ANFGF), Argenx SE (NASDAQ:ARGX), Lenovo (LNVGY), Fujikura (FKURF), Tokio Marine (TKOMY), and Sony Financial Group (SFGYY).
