News & Knowledge

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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2020, 20 May

What can the UK learn from the Dutch approach to fiduciary management? (and vice versa!)

As UK pension trustees grapple with the challenges of finding the right fiduciary manager, Cathy Lewis, a director in Kempen’s fiduciary management team in London, looks at what we can learn from the Dutch Pension system and how they have embraced Fiduciary Management, and how we can use and translate those successes to the UK.

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2020, 18 May

Learning from a pioneer with a purpose

It’s difficult to interpret a crisis when you’re in the midst of it, but Jeroen Smit, Daniëlle Melis and Lars Dijkstra give it their best shot. In what was originally planned as a roundtable but instead became a conference call, they discuss what we can learn from the past and reveal a shared sense of optimism.

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2020, 07 May

Kempen Insight - May 2020

The main theme of this Kempen Insight issue is Prepared for unexpected risks. As an investor you don’t want to be surprised by unforeseen developments that could have a major impact on your investment portfolio. How do you deal with unexpected changes and their impact when there is a very low risk of them occurring in the first place? Read more in the newest edition of our magazine.

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2020, 21 April

Annual Stewardship and Responsible Investment Report 2019

Welcome to our Annual Stewardship and Responsible Investment Report, which gives you an overview of all of our responsible investment activities in 2019 to drive positive real world impacts alongside financial returns.

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2020, 26 March

Time to talk about greenwash

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, 05 March

European High Dividend

A pleasant surprise from Morningstar. The I share class of the Kempen (Lux) European High Dividend has been upgraded to Gold (from Silver). Morningstar writes: ‘This fund boasts a long-tenured and well-experienced team that has skillfully executed a disciplined process. Our level of conviction in the team and process has not changed, with the People Pillar rating standing at High and the Process rating Above Average.’ We are thankful for this upgrade. Would you like to keep up to date? Please register below.

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2020, 13 January

How Kempen integrates listed and non-listed real estate investment

The professionally managed real estate universe consists of listed companies and non-listed funds. One of the biggest challenges of investing in real estate that is part of listed companies or unlisted funds is the perception that one compares ‘apples to oranges’. How does Kempen level out these differences? We spoke with Todor Ristov portfolio manager real estate to see how Kempen is integrating listed and non-listed real estate and driving value for clients.

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2020, 06 January

A flying start for the Infrastructure fund

The Kempen (Lux) Global Listed Infrastructure Fund was launched one year ago. The fund invests in listed infrastructure companies. In this article fund managers Thomas van der Meij and Jags Walia look back with satisfaction on the first six months of 2019: the fund outperformed its benchmark by 261 basis points (gross return for costs). ‘We shouldn’t celebrate too soon, but we seem to be doing things right.’

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2019, 19 November

The best of both worlds

A competitive return and a positive social impact: it really is possible. And Kempen does it. In 2017, Kempen set up the Global Impact Pool with this goal in mind. Investors and managers of the Global Impact Pool got together in Amsterdam to review the fund’s first year on 6 June 2019.

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