News & Knowledge

2022, 20 January

Tracking & Engaging: Our approach to getting Real Estate Paris-Proof

Man-made climate change produces the largest challenge for our generation. The quest to align the economy in all its complexity with a new, carbon-neutral reality is cumbersome and has many an obstacle. We, as investors are at the precipice of a new age, where the goal is no longer merely about short-term financial returns, but using our power as asset allocators to guide our society to a more sustainable future. At the Kempen Real Assets team, we aspire to meet this challenge head-on, by actively engaging with companies and funds in the Real Assets sector to better participate in the energy transition. This piece discusses some of the initial findings from our sector-wide engagement, in the Real Estate sector specifically.

2022, 18 January

Global Impact Pool Quarterly

We are pleased to report on the third quarter of 2021 for Kempen’s Global Impact Pool, in which we continued to deploy capital towards the Global Impact Pool’s mission, which is to make investments that positively contribute to solving global problems around the food, water and climate nexus and five Sustainable Development Goals.

2022, 13 January

Asset Allocation Outlook January

Although the rapid spread of the Omicron variant briefly gave investors the jitters, equity markets closed December higher. The MSCI global equity index noted a plus of nearly 4% . At a return of 1.6% emerging markets again lagged behind industrialised countries, which climbed by 4.2%. That brought another wonderful year for equities to a close, with gains of 16.8% for the global index. There are sizeable differences between regions though. While European equities, which earned a return of 20.4%, were more or less able to keep up with their US counterparts (+26.9%), equities from the Pacific region marked time and emerging market equities were down by 4.6%. The AEX posted an excellent performance of 27.7%, while UK equities lagged behind the global index somewhat at a return of 14.4%.

2021, 10 December

Asset Allocation Outlook December

Equity markets spent most of November heading for another positive monthly result. High inflation and central banks that perhaps ought to have responded by introducing slightly less expansionary policies slowed the pace somewhat but not enough to reverse the upward trend. Until the new Omicron variant of the coronavirus came along. A great deal is still unknown about this variant but so far it has only had a small effect on the equity markets.

2021, 10 November

Asset Allocation Outlook November

The concerns about rising inflation have not dissipated and central banks are clearly moving towards less expansionary policies. Yet this didn’t stop the MSCI global equity index from recouping its losses from September in October.

2021, 27 October

The Dividend Letter

Selecting the right stocks for your dividend fund is a more complicated process than simply picking the company with the highest dividend. For the Kempen European High Dividend Fund and the Kempen Global High Dividend Fund, we use a thorough evaluation framework that focuses not only on valuation, but also on growth opportunities, business quality, management quality and capital allocation, among others.

2021, 20 October

Climate change

Climate Change is one of the greatest challenges we confront in human history. Decades of scientific evidence from the Intergovernmental Panel on Climate Change (IPCC) detail the necessity of significant transition to contain severe climate-related risks.

2021, 13 October

Kempen Real Estate Update: 2021 – Bringing Private Real Estate Back to the Future

The process for investing in private real estate funds has been unchanged for more than 25 years. However, the investment world has come a long way since then – from using simple property tours and word of mouth, to fully integrating big data and ESG. The time for private real estate investing to evolve is now. We want to show you our rejuvenated version of this aged model.

2021, 11 October

Asset Allocation Outlook October

Equity markets had a tough time of it in September. Less growth, more inflation, central banks moving towards tapering their highly-expansionary monetary policies and pushing up bond yields in the process, as well as concerns about the Chinese economy, caused many markets to close the month in the red. After noting a loss in January, it was only the second monthly loss for the MSCI global equity index so far this year. The global equity index was down by 4.2% (in US dollars), with little difference between industrialised countries and emerging markets. Europe (-3.5% in euros) held up slightly better than the US (-4.8% in US dollars). Japan was the notable exception at a plus of 3.5% (in yen); markets anticipate a more expansionary fiscal policy there under a new government.

2021, 07 October

Global Impact Pool Quarterly

We are pleased to report on the second quarter of 2021 for Kempen’s Global Impact Pool, in which we continued to deploy capital towards the Global Impact Pool’s mission, which is to make investments that positively contribute to solving global problems around the food, water and climate nexus and five Sustainable Development Goals.

2021, 09 September

Asset Allocation Outlook September

The mood on the equity markets remained positive in August. The MSCI global equity index closed the month up for the seventh time in a row (2.4% in US dollars) and the US S&P500 and European STOXX600 noted new record highs.

2021, 09 August

Asset Allocation Outlook August

Despite equity investors occasionally casting worried glances at the spread of the Delta variant, markets closed the month of July up. The MSCI World index climbed by 0.7% (in US dollars), mainly fuelled by developed markets. Emerging markets had a tougher time, with the MSCI Emerging Markets index down by 6.7% (also in US dollars).

2021, 15 July

Credit quarterly newsletter

Kempen’s Credit team immerses itself in the credit markets on a daily basis. As these markets can change rapidly, it’s vital for the team to be on top of all the latest developments, understand what’s going on and adjust its portfolios accordingly if necessary. The team receives regular enquiries from our clients about its views on the credit markets and where the best opportunities currently lie, so we publish a quarterly credit newsletter providing the team’s views on a topic of interest. In this edition, we talk about our approach 'alpha by control' and more specific how to generate alpha in a low-spread environment.

2022, 17 January

Infrastructure has an attractive return potential after the pandemic and provides a hedge against inflation

According to experts, 75% of the world’s infrastructure in 2050 doesn’t exist yet. This means that a huge amount of new infrastructure is going to be built over the next 30 years, and a huge amount of investment will be required to do so.

2022, 13 January

Joris Franssen has been appointed Head of Kempen Dividend strategy

Kempen is pleased to announce that Joris Franssen has been appointed Head of the Dividend team, effective 1 April 2022. After careful consideration and a more than 20 year career in dividend investing, Jorik van den Bos has decided to pursue other career ambitions outside dividend investing and as a consequence will leave Kempen.

2022, 12 January

Kempen Capital Management issues open letter to Fujitec’s Board of Directors

Kempen expresses concerns over disappointing mid-term plan and inadequate corporate governance at Fujitec

2022, 10 January

Third anniversary for Kempen (Lux) Global Listed Infrastructure Fund

This month, Kempen (Lux) Global Listed Infrastructure Fund this month celebrates its third anniversary. Since its launch in 2019 the fund has achieved a net annualised return of 13.1% per year (vs. 11.5% for the index)*.