Examining Passive Crowding as a Risk Factor

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  • 01 mins 26 secs
ClearBridge Investments has published a white paper called "Examining Passive Crowding as a Risk Factor." The report suggests that stocks that have experienced comparatively large increases in passive ownership or “passive crowded stocks” tend to exhibit significantly lower forward returns than less widely held or uncrowded stocks. Actively managing a portfolio’s exposure to crowded stocks should help deliver positive alpha.

 Please click here to view the white paper.


ClearBridge Investments