To news & knowledge overview

Asset Allocation Outlook September

14 September 2020

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.

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

  • Fed’s new targets point to long-term low interest rates
  • Economic recovery slowing somewhat, but downturn not expected
  • Investment policy unchanged, small underweight in equities

Read more

2020, 14 September

Asset Allocation Outlook

Download

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

Senior Portfolio Manager
Luc Aben

Luc Aben

Chief economist
Kim Lubbers

Kim Lubbers

Senior Portfolio Manager
Martijn Gerrits

Martijn Gerrits

Investment Strategy Advisor

Subscribe to our letter

Leave your email address and be the first to receive the latest editions

Please fill in a first name
Please fill in a last name
Please fill in your company name
This does not seem to be a valid email address
The information above is correct
Why do we store your information?

Kempen will use your name, telephone number and/or e-mail to respond to your request or subscription.

More information can be found in our Privacy Statement Merchant Banking and Privacy Statement for Asset Management.

* Upon sending this you approve that we save your information

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Submitting your form

We have received your form

And we will get back to you soon.

Something went wrong

Please check your form for errors or try again later.

News & Knowledge

2021, 11 June

Asset Allocation Outlook June

Equity markets continued to trend upward in May, although in most cases the gains were modest at 1% to 2%. High forecasts for economic growth and earnings growth have already largely been priced in. Volatility of US and European markets dropped towards its lowest level since the outbreak of the coronavirus pandemic.

Read more
2021, 09 June

Clara-Pensions appoints Kempen Capital Management as fiduciary manager

Today, Clara-Pensions, the member-first consolidator for defined benefit pension schemes, announced the appointment of Kempen Capital Management (Kempen) as its fiduciary manager. Selected by both the Trustee of the Clara Pension Trust and Clara Pensions, Kempen will implement a joint investment strategy on behalf of both the Clara pension scheme and Clara’s funded covenant to deliver a low-risk and secure journey to buy-out.

Read More
2021, 07 June

Annual report Global Impact Pool

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

Read more
Read more
Disclaimer Kempen Privacy statement Kempen Disclaimer Kempen & Co Privacy statement Kempen & Co Statement under the UK Modern Slavery Act Cookie statement & settings
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