ClearBridge Advisors

ClearBridge's Views on the Health Care Sector

Watch ClearBridge’s health care research analysts Marshall Gordon and Nicholas Wu discuss the key drivers of innovation and growth in the health care sector today. In this video Marshall and Nick explore vectors of promising development in the treatment and management of chronic and other diseases.




This video replay represents statements made live on December 17, 2010.

The views expressed are those of the portfolio manager as of December 17, 2010 and are subject to change based on market and other conditions. These views may differ from other portfolio managers or the firm as a whole, and are not intended to be a forecast of future events, a guarantee of future results or investment advice. The mention of any individual securities or sectors should neither constitute nor be construed as a recommendation to purchase or sell such securities, and the information provided regarding such individual securities is not a sufficient basis upon which to make an investment decision.

The information provided is intended solely to describe the managers' management style, investment strategies and securities selection process, and does not have regard to specific investment objectives, financial situation and particular needs of any specific person who may receive it. The information provided does not constitute, and should not be construed as, an offer or solicitation with respect to any securities, products or services mentioned or discussed.

All investments involve risk, including possible loss of principal.

Past performance is not a guarantee of future results.

Important Information about Risk

All investments are subject to risks, including the possible loss of principal. Please visit our website for additional information on the Legg Mason ClearBridge investment products, www.leggmason.com/individualinvestors

What should I know before investing?

Diversification does not assure a profit or protect against market loss.

The program manager(s) may, to a limited extent, invest in other securities entailing additional risks beyond those highlighted in this material. All investments involve risk, including possible loss of principal. The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. Not all investments in a client's portfolio will meet such criteria.

Investments may be made in American Depositary Receipts and U.S.-traded ordinary shares of non-U.S. companies in developed and emerging markets, which involve risks in addition to those ordinarily associated with investing in domestic securities. These risks include the potentially negative effects of currency fluctuations, political and economic developments, foreign taxation and differences in auditing and other financial standards, and are magnified in emerging markets. Investments in mid- and small-cap companies tend to involve greater risk than investments in large-cap companies.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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Legg Mason Investor Services, LLC and ClearBridge Advisors, LLC are subsidiaries of Legg Mason Inc.

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