14 July 2022
Asset Allocation Outlook July
Cash is King was the motto for investors in June. All the general asset classes noted losses. This doesn’t mean that there were no discernible differences though. Commodities posted a negative total return of nearly 11%, while global equities were down by over 8%. Real estate and high yield bonds had to digest similar losses, although emerging market debt suffered marginally less damage.
Please see Kempen’s Asset Allocation Outlook for July. The highlights this month are:
- Markets navigating between inflation and recession fears
- Financial conditions tightening fast
- Can businesses sustain earnings at a sound level?
- Investment policy: slight underweight in equities
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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.
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.
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.
Capital at risk. The value of investments and the income from them can fall as well as rise, and investors may not get back the amount originally invested. Past performance provides no guarantee for the future.