Asset Allocation April
The big news for financial markets in March was of course the problems in the financial sector, in which US banks Silicon Valley Bank and Signature Bank went bankrupt and Credit Suisse needed bailing out by means of a forced marriage with UBS. The VIX index, which measures volatility in the US S&P500 equity index, climbed to 26, its highest level since September last year.
Please see Kempen’s Asset Allocation Outlook for April. The highlights this month are:
- Banking sector turmoil: minor direct impact
- Monetary and financial tightening poses risk to growth
- Cautious investment policy unchanged
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