Asset Allocation March
Equity investors were less optimistic in February than they were in January. The MSCI global equity index fell by 3.0% . Emerging market equities noted the biggest loss at 6.5%, followed by the Pacific region with a drop of 5.0%. In the US, the equity market was down by 2.6%. Only Europe kept its feet dry thanks to a gain of 1.9%. Since the low in September, European equities have climbed twice as fast as US equities.
Please see Kempen’s Asset Allocation Outlook for March. The highlights this month are:
- Slowdown in growth not as bad as feared, inflation more stubborn than expected
- Investors now share the outlook of central banks
- Cautious investment policy unchanged
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.