News & Knowledge

2021, 17 May

Kempen Global Listed Infrastructure: Inflation Hedge

Economies are progressively reopening thanks to rising vaccinations. Monetary and fiscal policy remains accommodative. Hence, investors’ worries about inflation are reignited: bond yields have traded higher recently and breakeven inflation has increased to 2.5%.

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2021, 03 March

How to close the SDG gap

Last year marked the start of the UN ‘Decade of Action’ to deliver the UN Sustainable Development Goals – but if we are to close the ‘SDG Gap’, especially in the wake of COVID-19, we need better data and engaged investors.

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2021, 27 January

Kempen Global Listed Infrastructure: Infrastructure review and outlook

The pandemic of 2020 created a difficult scene for the global listed infrastructure sector, which underperformed global equities. Airports, toll roads and energy infrastructure were all adversely impacted by lockdowns. Although it was partly offset by more defensive utilities and strong performance of renewables and data infrastructure, the FTSE Global Core Infrastructure 50/50 was down 12% in 2020 (vs. +4.5% for global equities).

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2020, 30 September

Time for investors to show up in the race to net-zero emissions

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, 29 July

Kempen Global Listed Infrastructure: Infrastructure is key in a sustainable world

Over the past decade there has been an increasing focus on Sustainability issues impacting society. We believe the coming decade will see a step change in Sustainability issues. In this paper we outline this change, the role of Infrastructure, and how our investment process captures the opportunities ahead.

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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, 02 June

Investment case: Circular Zinc

At Kempen, we have a long history of incorporating ESG (environmental, social, governance) topics when making investment decisions. Sometimes we find investment opportunities where sustainability is at the heart of the company’s strategy. Befesa is such an example, even though you may not recognize it at first sight given their exposure to steel markets. Befesa is European market leader in managing and treating industrial waste from the steel industry. It collects hazardous steel dust and recycles the zinc content out of it.

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2020, 27 May

Dike surveillance for portfolios

The coronavirus, or a flash crash by a trading algorithm. They’re not the kind of events you want to be surprised by as an investor. How do you deal with changes that could potentially have an enormous impact on your investment portfolio when there is a very low risk of them occurring in the first place? Kempen is the first asset manager to apply an additional risk model for extreme events: the tail risk model.

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2020, 25 May

European junk bonds have grown up

Junk bonds. That’s the rather off-putting name for high-yield bonds. In contrast to its US counterpart, the market for European junk bonds was barely taken seriously for many decades. Yet times have changed.

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