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Kempen outdoes Achmea in battle for fiduciary mandates

Asset Allocation Outlook January

2022 will go down as an exceedingly difficult year for investors. Almost all the general asset classes noted losses, often in excess of 10% based on total returns. And there wasn’t even an end-of-year rally to cheer investors. The equity rally that had started in October stalled at the beginning of December. In the final month of the year the MSCI global equity index fell by 4.0% , with industrialised nations (-4.3%) dropping by slightly more than emerging markets (-1.6%). The losses in the US (-5.9%) and Japan (-4.7%) were larger than those in the Eurozone (-3.5%) and UK (-1.6%). The culprits were uncertainty about economic growth, downward adjustments to earnings expectations and rising interest rates.

Asset Allocation Outlook January

2022 will go down as an exceedingly difficult year for investors. Almost all the general asset classes noted losses, often in excess of 10% based on total returns. And there wasn’t even an end-of-year rally to cheer investors. The equity rally that had started in October stalled at the beginning of December. In the final month of the year the MSCI global equity index fell by 4.0% , with industrialised nations (-4.3%) dropping by slightly more than emerging markets (-1.6%). The losses in the US (-5.9%) and Japan (-4.7%) were larger than those in the Eurozone (-3.5%) and UK (-1.6%). The culprits were uncertainty about economic growth, downward adjustments to earnings expectations and rising interest rates.

Kempen Capital Management continues as Van Lanschot Kempen Investment Management, reflecting the combined strengths of our group

Analysis: sustainable stocks hold up in the face of sharply rising carbon price

Investors rarely take the price of CO2 into account when making investment decisions. However, a sharp rise in pricing could have a major impact on equity markets. Research by Van Lanschot Kempen has revealed that a 100$ increase per ton of Co2 emissions could lead to a fall of up to 30% in global equity prices. Investors could reduce risk by selecting an appropriate sustainable benchmark for their global equity portfolio.

Sustainability in Action: How to navigate through the transitions?

Real Estate ESG Analysis: Only 10% of listed real estate companies have set targets for net zero carbon emissions by 2050

Van Lanschot Kempen stimulates the real estate sector, the largest contributor to global carbon emission, to accelerate its net zero ambitions

Asset Allocation Outlook December

Optimism persisted among investors in November. The MSCI global equity index noted a gain of 7.6%. At 14.6%, emerging markets performed appreciably better following two months of underperformance. Yet US (5.4%) and European equities (8.0%) also climbed substantially.

The Dividend Letter

Dark clouds are hanging over the consumer landscape. It is for a reason that cyclical consumer goods companies have been hit extra hard this year. However, falling share prices also lead to rising dividend yields, which means that we have more and more companies in our investment universe to choose from.