Asset allocation overview | Van Lanschot Kempen IM

Asset Allocation Outlook Overview

At Van Lanschot Kempen, we’re committed to delivering informed, forward-looking investment insights that help you navigate dynamic global markets. Each monthly Asset Allocation Outlook provides thorough analysis, strategic perspectives, and actionable highlights supporting confident portfolio decisions.

On this page, you’ll find the latest Asset Allocation Outlook alongside a full archive of previous editions—all in one place.

Latest edition: June 2026

As May came to a close, financial markets continued to be shaped by two dominant forces: developments in the Middle East and the relentless rise of artificial intelligence. Hopes of a truce between the US and Iran brought some relief to equity and bond markets, easing pressure on oil prices, although uncertainty around the Strait of Hormuz and global energy supply remains elevated. Equity markets moved higher, particularly in the US and emerging markets, supported by strong earnings and sustained investment in AI, while the energy sector lagged and IT surged. Bond markets reflected a more balanced outlook, with yield pressures stabilising as inflation concerns became better understood. Against this backdrop of geopolitical uncertainty and structural growth driven by AI, we maintain a neutral allocation to equities, with a modest tilt towards the IT sector, and have adjusted our bond positioning to neutral as risks to yields appear more contained.

Highlights this month:

Financial markets dominated by Middle East and AI
Rapid growth in AI investments but no overinvestment
IT sector overweight expanded

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Past editions

View previous editions of our Asset Allocation Outlook featuring analyses and market commentary from recent months.

Disclaimer

The information in this publication is of a general nature. This publication may at no time be viewed as an offer and you cannot derive any rights from this publication. The external sources used to produce this publication were selected with the great care. We cannot guarantee that the information and data from these sources is up-to-date, correct and exhaustive. We accept no liability for printing and typing errors. We are not obliged to update or amend the contents in this publication. All rights related to the content of this publication are reserved, including the right to amend.

Es gibt einen Spruch auf Niederländisch, Kom verder, das viele Dinge bedeutet und unsere Geschäftsphilosophie darstellt. Er erfasst die Art und Weise, wie wir mit unseren Kunden arbeiten, aber auch wie wir unsere Beteiligungsunternehmen lenken, um Aktionärswert durch aktive Beteiligung zu schaffen.

Risikokapital. Der Wert von Anlagen und die daraus erzielten Erträge können sowohl steigen als auch fallen. Die Anleger erhalten möglicherweise nicht den ursprünglich investierten Betrag zurück. Die in der Vergangenheit erzielte Performance ist keine Garantie für die Zukunft.