12 February 2024
Asset Allocation Outlook
After a hesitant start to the year, equity markets are finding their way upwards again. On balance, this generated small gains in the US and Europe, while Japan enjoyed an extremely good month. Emerging market equities in fact lost ground. It was calm on the bond markets as well. After two months of downturns, bond yields rose again slightly in January. The positive sentiment was also visible in spreads on corporate bonds and bonds issued by peripheral Eurozone countries as spreads on the vast majority of these tightened somewhat. Higher oil prices and lower prices for metals and gold meant that commodities remained more or less unchanged. Real estate was forced to relinquish a large portion of the significant gains it had earned in November and December.
Please see Van Lanschot Kempen’s Asset Allocation Outlook for February. The highlights this month are:
Please see Van Lanschot Kempen’s Asset Allocation Outlook for February. The highlights this month are:
- Equity allocation from underweight to neutral
- Soft landing increasingly likely in the US
- Japanese equities remain attractive
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.
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.
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.