News & Knowledge

2020, 22 September

Investing in utilities

At Kempen, integrating ESG criteria is an integral part of all our investment processes. This can manifest itself in what are on the face of it some surprising ways. Our high-dividend equity strategies, for example, have significant exposure to high-dividend payers in the utilities sector, which have long been major polluters.

2020, 14 September

Asset Allocation Outlook September

August is traditionally a month in which little happens on the financial markets. According to market wisdom there’s no point in coming back until September, but this year was an exception to the rule. The MSCI global equity index posted a gain of 6.0%. Japanese equities rose in price by as much as 8.2%, followed by US equities at 7.0%, with European equities and emerging market equities lagging far behind with pluses of 3.4% and 2.1%. The positive climate for risky assets led to tighter spreads on Southern European government bonds, Investment Grade and High Yield credits and emerging market debt.

2020, 11 September

Monthly Commentary

Following the Jackson hole meeting of Central bankers at the end of August there has been some talk about the mandates of Central banks, why they matter and what the impact of changing them can be.

2020, 10 September

White paper: The rise, role, risks and rewards of the sole trustees

The number of schemes using a professional trustee continues to gain momentum; and in this paper we explore the rapid growth in the sole trustee market. Whilst today the appointment of a sole trustee is biased towards smaller schemes, there is evidence that larger schemes are also adopting the sole trustee model.

2020, 07 September

Van Lanschot Kempen appoints Jeroen Berns Head of Kempen Merchant Banking

Van Lanschot Kempen announces today that Jeroen Berns will be appointed as Head of Kempen Merchant Banking per 14 September. The activities of Merchant Banking include Corporate Finance, Equity Capital Markets and Securities.

2020, 03 September

Kempen launches sustainable dividend fund

Today, Kempen Capital Management (Kempen) will launch the Kempen Sustainable Global High Dividend Fund. The introduction of this new fund represents an important addition to the current range of dividend products that Kempen has to offer in the market. This sustainable dividend solution is created in collaboration with our clients, who are looking for direct income in a more sustainable investment world.

2020, 01 September

Van Lanschot Kempen appoints Erik van Houwelingen to Executive Board

Van Lanschot Kempen announced today that Erik van Houwelingen will join its Executive Board per 15 November. Erik will be responsible for Asset Management, one of Van Lanschot Kempen’s core activities, and he will also take on the chair of the Board of Kempen Capital Management, subject to regulatory approval. Erik van Houwelingen succeeds Leni Boeren, who stepped down earlier this year.

2020, 27 August

Three years of Kempen (Lux) Euro High Yield Fund

This year, the Kempen (Lux) Euro High Yield Fund of Kempen Capital Management (Kempen) celebrates its third anniversary. This milestone coincides with the achievement of a total of € 250 million in assets under management. The high yield fund further expanded the range of corporate bond funds within Kempen, and contributed to the strengthening of Kempen’s credit expertise. The average annual return of the fund over this period of time stands at 3.0% as compared with 1.9% for the benchmark*.

2020, 26 August

Van Lanschot Kempen: net profit of nearly €10 million in first half of 2020

Van Lanschot Kempen today published its 2020 half-year figures.

2020, 13 August

PRI awards Kempen with an ‘A+’ and ‘A’

Every year Kempen submits to PRI its report about the integration of ESG (Environmental, Social, and Governance) factors into the responsible investment process. This year, PRI awarded our responsible investment process with scores of ‘A’ and ‘A+’, four modules each, where Strategy & Governance fell into the A+ score category.

2020, 12 August

Monthly Commentary

I have been thinking a lot about inflation recently, more specifically the outlook for inflation given current circumstances and the massive amount of stimulus that has been thrown at economies over the last 6 months. This stimulus has come in the form of a) lower interest rates, and b) asset purchases funded by electronic money printing by central banks (quantitative easing or QE).

2020, 12 August

Asset Allocation Outlook August

Markets were reasonably calm in July. The level of volatility declined on the equity markets, while capital market yields remained low thanks to the highly expansionary monetary policies. Spreads on bonds issued by southern European countries, credits and emerging market debt tightened. On balance July was certainly not a spectacular month, but it was positive for the risky asset classes. Positive news on stimulatory monetary and fiscal policies, improved economic data and better-than-expected corporate earnings were interspersed with concerns about the coronavirus. We have made no adjustments to our investment policy. We believe that equities are pricing in an excessively positive scenario and prefer high yield credits.

2020, 11 August

Kempen Real Estate: Sustainable Funds Market Briefing

Egbert Nijmeijer, co-head of Global Listed Real estate, presenting on 30th July at Investment week's Sustainable Virtual Market Briefing. In this presentation, we address four key questions.