Asset Allocation Outlook January

13 January 2022

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%.No text in field

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

Omicron: lower hospitalization rates limits economic damage
Hawkish Fed shocks bond markets
Investment policy; partial profit-taking on equities

2022, 13 January

Asset Allocation Outlook

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