Dividends have kept up with global equities

2 July 2026

Dividends have kept up with global equities

Global equities have risen this year, driven by a small group of AI-related companies, while dividend strategies have kept pace without the same concentration. Beneath the strong headline returns, market leadership has been far narrower than it appears, with a limited number of AI beneficiaries accounting for the majority of gains.

As AI narratives continue to dominate markets and influence valuations, investors face an increasingly complex landscape where perception and fundamentals do not always align. In this latest Market Musings, we examine the growing concentration behind global equity returns, the opportunities created by market mispricing, and why dividend strategies have remained resilient despite the AI-driven rally.

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Disclaimer
Van Lanschot Kempen Investment Management NV (VLK Investment Management) is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and, as such, is subject to supervision by the Netherlands Authority for the Financial Markets. This document is for information purposes only and provides insufficient information for an investment decision. It does not constitute investment advice, an investment recommendation, research, or an invitation to buy or sell any financial instruments and should not be interpreted as such.The views expressed in this document are those of VLK Investment Management at the time of publication and may be subject to change without notice.

Kom verder, het zijn maar twee woorden, met veel verschillende betekenissen. Het is onze bedrijfsfilosofie. Het weerspiegelt de manier waarop we met onze klanten samenwerken en de manier waarop we in gesprek gaan met de bedrijven waarin we investeren om zo aandeelhouderswaarde te creëren door middel van actieve engagements.

Beleggen brengt risico's met zich mee, u kunt uw inleg verliezen. De waarde van uw beleggingen is mede afhankelijk van de ontwikkelingen op de financiële markten. In het verleden behaalde resultaten bieden geen garantie voor de toekomst.