Private Banking|Professional Solutions|Investment Management|Investment Banking|About us
Van Lanschot Kempen Logo
  • Products and solutions
  • Sustainability
  • Fund Library
  • Insights
Professional Investor - Netherlands
7 february 2022

Asset Allocation Outlook February

“As goes January, so goes the year” is an old market wisdom. And superficially that appears to apply to the S&P500 from 1964 and the AEX from 1984. On both stock exchanges, in about two-thirds of the years a positive January is followed by a positive year or a negative January is followed by a negative year. Yet this is mostly true of the positive years. Both January and the year are positive in over fifty percent of cases. After all, stock exchanges rise more often than they fall. Even if January is negative, there is a slightly higher chance of a positive year than of a negative year. In short, there’s still hope for 2022.

Please see Kempen’s Asset Allocation Outlook for February. The highlights this month are: 

  • Fed makes further policy adjustments following high inflation data; no consolation for investors
  • ECB seems to be preparing markets for a policy change
  • Economic growth in temporary dip
  • Investment policy: positive outlook for equities unchanged
2022, 7 february

Asset Allocation Outlook


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. 

Van Lanschot Kempen Investment Management (UK) Limited is registered in England & Wales with registration number 02833264. Registered office at 20 Gracechurch Street, London, EC3V 0BG Tel: +44 (0)20 3636 9400. Authorised and regulated by the Financial Conduct Authority (FCA) with reference number 166063.

Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Past performance provides no guarantee for the future.

There’s a saying in Dutch, Kom verder, it means many things and it’s our business philosophy. It captures the way we work with clients but also the way we steer our investee companies to deliver shareholder value through active engagement.

Fully focused on your future

Investment Management
  • Investment Strategies
  • Alternative Investment Solutions
  • Fiduciary Management
  • Fund Library
  • Compliance documents and mandatory information
  • Sustainable investment policies and publications

© Van Lanschot Kempen Investment Management (UK) Limited 2024Safety and securityDisclaimerPrivacy and cookies UKMIFIDPRU Public Disclosure UK