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Drawing on ClearBridge Investments’ Anatomy of a Recession and our Global Investment Management Survey, we’re sharing key insights and strategies for Primerica reps that are aligned with our first quarter market outlook (as of 12/31/2025). These insights aim to provide you with the timely intelligence needed to make informed decisions.

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Franklin Income Strategy

The Franklin Income strategy consists of a flexible approach to income and growth opportunities that seeks to provide a consistent stream of attractive monthly income, flexible allocation in pursuit of best opportunities, broad diversification across multiple asset classes managed by a seasoned management team.

US equity

Favor: Large-cap growth, large-cap value, small caps.

Market outlook: We expect the stock market to continue broadening out, with a sector focus on technology, industrials and health care.

Franklin Dynatech Strategy

ClearBridge Dividend Strategy

Putnam Large Cap Value SMA

Franklin Small Cap Growth Fund

International equity

Favor: Large-cap growth and large-cap value.

Market outlook: International equities remain cheap relative to US stock. We are bullish on Japan.

ClearBridge International Growth Strategy

Franklin Mutual International Value Fund

Fixed income

Favor: Short duration and high yield.

Market outlook: Shorter-duration fixed income will be in favor particularly during the first half of 2026 as rates come down modestly and slowly during the year. High-yield spreads are expected to modestly widen but remain relatively tight in a sector with low interest rate risk and high all-in yields.

BrandywineGLOBAL – High Yield Fund

Western Asset Short Duration High Income Fund

Western Asset Ultra-Short Income Fund

For a full look at Franklin Templeton products available at Primerica:

This website is intended for Primerica.