ClearBridge SMID Cap Growth Strategy Q2 2025 Commentary

Anon Pitipong/iStock via Getty Images By Brian Angerame, Jeffrey Bailin, CFA, Aram Green & Matthew Lilling SMID Rides Growth Rally Higher Market Overview The second quarter was a rollercoaster ride for small and mid cap (SMID) stocks, as double-digit declines in April driven by tariff and regulatory changes gave way to material market gains in May and June. SMID stocks broadly advanced, with the Russell 2500 Index returning 8.6% — in-line with the Russell 2000 Index but trailing the large cap Russel ...