Van Lanschot Kempen Logo

13 August 2024

Asset Allocation Outlook

In the first half of July, it was as if nothing could go wrong for the equity markets and the upward trend continued. The turning point came in the middle of the month, especially in the US. Investors shunned big tech equities and suddenly showed a preference for small-cap equities. This was still a positive broadening of the equity rally, but worse-than-expected economic data towards the end of the month caused investors to take fright, causing equities to fall across a broad front. This was all against a background of a sharp downturn in bond yields.

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

Economic data worse than expected
Recession fears hit financial markets in early August
Investment policy unchanged

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.

Il y a un dicton en néerlandais, Kom verder, qui ui signifie beaucoup de choses, et c'est notre philosophie d'entreprise. Il reflète la façon dont nous travaillons avec nos clients, mais aussi la manière dont nous dirigeons nos entreprises participantes pour créer de la valeur pour les actionnaires grâce à un engagement actif.

Risque de perte en capital. La valeur des investissements et des revenus qui en découlent peut évoluer à la hausse comme à la baisse. Les investisseurs sont susceptibles de ne pas récupérer l’intégralité de leur investissement initial. Les performances passées ne présagent pas des performances futures et ne sont pas constantes dans le temps.