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Asset Allocation Outlook February

11 February 2020

The geopolitical tensions between the US and Iran we mentioned last month had very little impact on the markets. It therefore looked as if the positive trend would be able to continue. Further improvements in leading economic indicators prompted us to reduce our equity weight slightly, only for the next complication to materialise in the form of the coronavirus. The highly unpredictable nature of the virus’s spread means that we have decided not to adjust our investment policy in response.

Please see Kempen’s Asset Allocation Outlook for February. The highlights this month are: 

  • Coronavirus hits economy and financial markets
  • Brexit loss for UK and Eurozone
  • Global economy seems to be bottoming out
  • Equity underweight reduced

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2020, 11 February

Asset Allocation Outlook

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Disclaimer
Kempen Capital Management N.V. (KCM) is licensed as a manager of various investment funds and to provide investment services and is subject to supervision by the Netherlands Authority for the Financial Markets. This information may not be construed as an offer and provides insufficient basis for an investment decision.

The Asset Allocation Desk

Joost van Leenders

Joost van Leenders

Senior Investment Strategist
Ivo Kuiper

Ivo Kuiper

Head Asset Allocation & Rates
Luc Aben

Luc Aben

Chief economist
Kim Lubbers

Kim Lubbers

Senior Portfolio Manager
Martijn Gerrits

Martijn Gerrits

Investment Strategy Advisor

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Kempen & Co is a trade name of Van Lanschot Kempen Wealth Management NV. Both Van Lanschot Kempen Wealth Management NV and Kempen Capital Management NV are part of Van Lanschot Kempen NV