Asset Allocation Outlook September

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12 September 2023

Asset Allocation Outlook

August was a quiet month for the financial markets. Yet investors were unable to derive much pleasure from the main asset classes. Equities noted minor losses, with the MSCI global equity index decreasing by 3.0% in local currency. The biggest loss of 6.4% was in emerging markets and the smallest of 1.8% in the US.

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

Economic outlook remains poor
Inflation falling but no sign of interest rates being cut yet
Portfolio sensitivity to interest rates increased

Download the Asset allocation

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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.

Van Lanschot Kempen Investment Management (UK) Limited is registered in England & Wales with registration number 02833264. Registered office at Octagon Point, 5 Cheapside, London EC2V 6AA Tel: +44 (0)20 3636 9400. Authorised and regulated by the Financial Conduct Authority (FCA) with reference number 166063.