Van Lanschot Kempen Investment Management

It’s holiday time, and the coronavirus has forced many families to cancel or change their plans for this season. There is much debate among economists as to whether the corona crisis is inflationary or deflationary.

In this paper we outline this change, the role of Infrastructure, and how our investment process captures the opportunities ahead.

The stock markets provide a vast array of opportunities for investors, but the credit markets are even more complex to navigate.

Kempen’s biweekly commentary gives you insights into economic developments and financial markets including policy, science and business.

Gestructureerd krediet biedt een aantal grote voordelen in het huidige klimaat, maar hoe moeten beleggers het precies in hun portefeuilles plaatsen?

The coronavirus crisis has caused a huge spike in debt as governments across the world have taken on huge fiscal deficits and companies have issued vast amounts of new bonds to raise funds to keep afloat.

ESG investing is becoming the new normal. Signatories to the UN-supported Principles of Responsible Investment, for example, have risen six-fold to more than USD 86 trillion between 2008 and 2019.

Over the last three months we have seen the Covid-19 pandemic affect just about every part of our daily routines. It has changed the way we work, shop and most certainly play.

Junk bonds. That’s the rather off-putting name for high-yield bonds. In contrast to its US counterpart, the market for European junk bonds was barely taken seriously for many decades. Yet times have changed.

It’s difficult to interpret a crisis when you’re in the midst of it, but Jeroen Smit, Daniëlle Melis and Lars Dijkstra give it their best shot. They discuss what we can learn from the past and reveal a shared sense of optimism.