Private Banking|Professional Solutions|Investment Management|Investment Banking|About us
Contact
Login
Van Lanschot Kempen Logo
  • Products and solutions
  • Sustainability
  • Fund Library
  • Insights
Professional Investor - Netherlands
8 November 2023

Asset Allocation Outlook

October wasn’t much better than September for equity investors as equity markets continued to be squeezed by higher interest rates. In the US, 10-year bond yields climbed higher, leading to losses for investors in government bonds and credits as well. In Europe, however, government bonds and investment grade credits earned a positive return. Real estate also fell further, while the price of gold profited from the war between Israel and Hamas and mounting political tensions in the Middle East. 

 

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

  • High US growth unsustainable, Eurozone economy still weak
  • Inflation news positive but too soon for cuts to interest rates
  • Corporate results considerably stronger in the US than in Europe
Download the Asset Allocation

Disclaimer
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.

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.

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.

Fully focused on your future

Private Banking
  • Offices
  • Entrepreneurs
  • Healthcare
  • Executives
  • Business professionals
  • Wealth management
  • Conditions
  • Private Banking - Belgium
  • Private Banking - Switzerland

Professional Solutions
Investment Management
Investment Banking

© Van Lanschot Kempen Investment Management NV 2024Security and fraud awarenessPrivacy & cookiesDisclaimer