ClearBridge International Growth ADR Portfolios Q3 2025 Commentary
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Franklin Templeton4.62K FollowersFollow5ShareSavePlay(6min)CommentsSummaryInternational equities delivered mixed results in the third quarter as the unbridled optimism that lifted European markets earlier in the year began to fade.During a period of rising bond yields, international value stocks retook leadership from growth.The Portfolios mostly kept pace with their core MSCI EAFE benchmark in the third quarter, with our sector positioning in financials creating headwinds.We also sharpened our AI exposure with the purchase of Canadian cloud provider Celestica and Japanese investment holding company SoftBank, which offers exposure to privately held OpenAI.Broader macro trends, like a weakening U.S. dollar, are shifting in favor of overseas companies. Rachata Amnataree/iStock via Getty Images Key Takeaways Markets: International equities delivered mixed results in the third quarter as the unbridled optimism that lifted European markets earlier in the year began to fade. The benchmark MSCI EAFE Index rose a respectable 4.8%, led This article was written byFranklin Templeton4.62K FollowersFollowFranklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.