KBC investment strategy

What strategy does KBC follow for your investment portfolio?

KBC investment strategy

What strategy does KBC follow for your investment portfolio?

Investment strategy

KBC keeps its finger on the pulse of the financial markets in order to build the best possible investment portfolio for you. The KBC investment strategy offers a concise overview of the current financial and economic climate and the resulting investment decisions.

How to stay up-to-date

Monthly video

Each month, a Dutch video is published that gives a clear view of the economic and financial markets. A specialist discusses any changes in strategy and goes through the investment decisions for the month in question.

The KBC investment strategy in short

How do we see the world?

Economy
  • World growth remains weak but seems to be bottoming out
  • We do not expect a recession

Oil price and inflation

  • Inflation remains below central bankers' targets

Central banks and bond markets

  • Fed has reached the end of its easing cycle
  • The ECB is taking no new measures

Risks

  • Brexit and the expansion of the trade war remain key risks, but escalation does not seem to be an issue any further

Stock markets and valuations

  • Valuation has gone up but not excessively
  • Bonds are very expensive, but interest rate normalisation (increase) put on ice

What are we doing in the portfolios?

Asset allocation?

  • Assets at their benchmark level
  • The bottoming-out of the economy and receding risks are supporting markets
  • The weak earnings growth remains a point of focus

Which preferences within the equity component?

  • Preference for the US, with highest level of growth
  • Buyback as a stable theme
  • Water exhibits long-term growth potential
  • Emerging markets have structurally higher growth and strong projected earnings growth

What about bonds and cash?

  • Corporate bonds are attractive in the short term
  • Safe government bonds only as stabiliser

Focus and theme sheets

Are you looking for promising investment opportunities or would you like to create your own focuses in your investment portfolio? The focus areas below provide near-term investment opportunities and the themes identify opportunities for the longer term.

Short-term focuses

Medium-term themes

Advisory texts

Our latest insights into various investment topics are given below. Use them to your benefit.

Asset classes

Bond markets

Bond themes

Regions and stock markets

Sectors and stock markets

Themes and stock markets

Alternative investments

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