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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: July 2025

Equity markets have rebounded after a volatile spring, with the S&P 500 achieving new record highs. Despite ongoing concerns about US fiscal policy and the impact of trade tariffs, markets have shown resilience. Our outlook examines whether the structural distrust in the US economy is warranted and what the coming months could bring for investors.

Highlights this month:

Structural distrust of the US economy appears unwarranted
Inflation impact of US trade tariffs yet to unfold
US dollar weakens further; Eurozone growth remains cautious

Download the latest asset allocation outlook

Past editions

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

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Meet our people

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. Van Lanschot Kempen Investment Management (UK) Ltd, is authorised and regulated by the Financial Conduct Authority (FCA) with reference number 166063.