News & Knowledge

2022, 14 November

Questions for rapid decarbonization

The yearly CO2 emissions of Xcel Energy, a major US electricity provider, equal that of almost 10 million cars. Still, as a sustainability conscious investor, Kempen does not rule out Xcel as an investment. Why? Because Xcel Energy has a credible roadmap for transition, on which we have actively engaged with the company face-to-face. Engaging and asking the right questions can turn even CO2 heavy companies into frontrunners in decarbonization. What are the questions that we ask?

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2022, 09 November

Global Impact Pool Quarterly

We are pleased to report on the third quarter of 2022 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.

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2022, 12 October

Asset Allocation Outlook October

The negative sentiment that gripped the financial markets from mid-August persisted in September, with much more turbulence on the government bond markets than the equity markets.

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2022, 09 September

Asset Allocation Outlook September

There were two sides to the month of August. Investors started the month optimistically, especially when the US economy turned out to be generating large numbers of new jobs still and inflation declined slightly. These events raised hopes of a soft landing and a shift by the Fed to a less tight monetary policy. However, sentiment underwent a reversal when Fed Chair Powell made it clear that no such change was imminent. This resulted in the equity markets falling again after all in August after the upturn in July. During the rally the US S&P500 had come closest to breaking through the downward trendline of the 200-day moving average but ultimately failed to do so.

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2022, 08 September

The Dividend Letter

As dividend investors, we keep a close watch on how companies spend their cash, since we expect a portion of it to be paid out to us as shareholders. With high inflation ending the years of cheap money and low interest rates, spending it wisely has become important again.

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2022, 26 August

Global Impact Pool Quarterly

We are pleased to report on the second quarter of 2022 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.

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2022, 09 August

Asset Allocation Outlook August

Equities again closed the month with strong pluses in July. The MSCI World AC index climbed by 6.9%, while US and European equities (MSCI USA & MSCI Europe) were up by 9.2% and 6.0% respectively.

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2022, 14 July

Asset Allocation Outlook July

Cash is King was the motto for investors in June. All the general asset classes noted losses. This doesn’t mean that there were no discernible differences though. Commodities posted a negative total return of nearly 11%, while global equities were down by over 8%. Real estate and high yield bonds had to digest similar losses, although emerging market debt suffered marginally less damage.

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2022, 12 July

Kempen Real Estate Update: 2022 – Mind the ‘’data’’ gap

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2022, 05 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 three scenarios for credit investors to consider.

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2022, 08 June

Asset Allocation Outlook June

After no fewer than seven consecutive weeks of losses, the US S&P500 equity index only reverted to noting a gain in the last full week of May. That gain was so substantial that the result over the month just managed to creep into positive figures at 0.6%

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2022, 02 June

Global Impact Pool Quarterly

We are pleased to report on the first quarter of 2022 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.

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2022, 19 May

The Dividend Letter

Companies often do not fit in the box we put them in. Grouping companies based on geography or industry classifications is common and useful. It helps to keep an overview of a portfolio and allows for comparing similar companies. While it is valuable, it is also a simplification.

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