Asset allocation overview | Van Lanschot Kempen IM

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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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.

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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.