News & Knowledge

2020, 03 July

Kempen Alternative strategies: Distressed Debt Intro and Opportunity set

As markets can change rapidly, it’s vital for investors to be on top of all the latest developments. Kempen receives regular enquiries from our clients about its views on the markets and where the best opportunities currently lie. In this update Michiel Meeuwissen, Co-Head Alternative Strategies, gives his opinion on Distressed debt and the recent market developments. Is Distressed debt an interesting investment opportunity?

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2020, 02 July

How does ESG affect financial performance? Five takeaways from our white paper

In this quarterly newsletter, we take a closer look at the world of responsible and sustainable investment. At Kempen Capital Management, Environmental Social Governance (ESG) factors are fully integrated throughout our investment process, and for us responsible investment means being good stewards of the companies that we invest in. We encourage positive change through engagement with the management of our investee companies and through actively using our shareholder voting rights.

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2020, 01 July

Kempen's Commentary

Our generation goes through two important transitions, digital and sustainable. These long-term transitions are not merely an economic phenomenon. They affect the whole system and the entire structure of society. In order to be successful companies, regulators and society alike have to be aligned. This is now happening at an accelerated pace as a result of the pandemic.

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2020, 01 July

Kempen Capital Management further invests in Client Solutions’ digital service offering

We are happy to report that Kempen Capital Management (Kempen) has added six specialist employees who will specifically focus on further enhancing the digital services offered by Client Solutions, with an emphasis on institutional, fiduciary clients. The knowledgeable team is based in Switzerland, and also contributes to the further development of our private banking services within Van Lanschot Switzerland.

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2020, 30 June

Kempen Insights: Speeding up technological change

We’ve all been forced into new ways of working recently, but what will be the long-term impact of technology on client relationships in the investment sector? Here, Arif Saad, Senior Investment Strategist at Kempen, gives us some personal insights into how technology has had an impact on the way we do business, and how it might change in the future.

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2020, 25 June

Kempen to discontinue its active government bond funds

Kempen Capital Management (Kempen) has decided to stop offering its active government bond funds. These include the Kempen (Lux) Income Fund and the Kempen (Lux) Euro Government Fund.

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2020, 19 June

Monthly Commentary

One question I have been asked repeatedly over the past few weeks is, “Why are equities doing so well when the economy and data are so poor?” This is a really interesting theme and can be extended to asset classes beyond equities, including investment grade and high yield credit, which have seen significant rebounds in value over the last month.

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2020, 15 June

White paper: How ESG relates to financial performance

ESG investing is becoming the new normal. Signatories to the UN-supported Principles of Responsible Investment, for example, have risen six-fold to more than USD 86 trillion between 2008 and 2019. This trend is convincing investors, most forcefully through climate change, and more recently through the coronavirus outbreak, that the long-term viability of the companies in which we invest is inextricably tied to the welfare of their stakeholders.

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2020, 12 June

Kempen's Commentary

As I write this, Christine Lagarde is having another press conference. The ECB has just surpassed market expectations, which doesn’t happen too often. The Pandemic Emergency Purchase Program will be expanded (from € 750 billion to € 1,350 billion) and extended (at least until July 2021). The amounts don’t even reel our heads anymore. And the profits from the purchased bonds will continue to be reinvested until at least the end of 2022.

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2020, 12 June

Asset Allocation Outlook June

May was another positive month for risky investments. Equities climbed by 4% worldwide, with gains mostly being noted in industrialised nations. Spreads on credits tightened further, especially in the high yield asset classes. Yields on emerging market debt also fell. Government bonds were largely unaffected by the positive performance of risky investments. In the US, 10-year government bond yields remained more or less unchanged, while in Germany they rose by 14 basis points. Spreads on Italian and Spanish government bonds narrowed. The positive trends on the financial markets were mainly the result of the stabilisation or decrease in the number of active corona cases, but also the enormous stimuli from central banks and governments. We have increased the risk exposure in our investment policy marginally by buying high yield European credits. Our slight underweight in equities has been maintained.

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2020, 10 June

Kempen Insights: a focus on being robust and proactive

Over the last few months the coronavirus has evolved from a local epidemic to a global pandemic, having a significant impact on our lives and with governments around the globe taking drastic measures to control the human impact of Covid-19. This has led to a financial turbulence with investors concerned about the economic implications of the virus and the associated business disruption.

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2020, 09 June

Kempen Real Estate Update: How will it “work” in the future?

Over the last three months we have seen the Covid-19 pandemic affect just about every part of our daily routines. It has changed the way we work, shop and most certainly play. Global listed real estate markets experienced quick and often violent corrections as investors attempted to price-in quickly changing fundamentals in the space. This has proved to be by no means an easy task as tangible transactional evidence is lackluster due to the inevitable material slowdown in leasing and investment activity. This is further complicated by the disparity in views on how long and deep the recession might be.

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2020, 09 June

Annual report Global Impact Pool

We are proud to present the second Kempen Global Impact Pool’s (GIP) 2020 Impact Report.

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