Investment Strategy and Market Analysis by Jeroen Blokland
Jeroen Blokland is a Dutch fund manager and the founder of the Blokland Smart Multi-Asset Fund, which integrates equities, gold, and Bitcoin into a single portfolio strategy. Earlier in his career, he managed multi-asset portfolios at Robeco, overseeing more than €5 billion in client assets. His investment philosophy is built on a Macro – Sentiment – Valuation framework, which combines long-term macroeconomic views with short-term market sentiment indicators. The Blokland fund, launched in 2023, reported favorable early returns, partly driven by its allocation to scarce assets like gold and Bitcoin.
Blokland is a frequent commentator in Dutch and international financial media, with interviews and analyses published in outlets reaching audiences of hundreds of thousands. He regularly publishes research on inflation hedges and asset diversification, and his perspectives on Bitcoin’s role in institutional portfolios have been cited in leading European financial platforms. With more than two decades of investment experience, Blokland remains an influential voice in shaping how traditional and digital assets coexist in balanced portfolios.
Question raised over physical counting of U.S. gold, Jeroen Blokland notes
The United States holds more than 8,100 metric tons of gold. Jeroen Blokland raised the question of when all of this gold was last physically counted, referencing an incident in the Netherlands ...
Jeroen Blokland: Dutch hold €666 billion in euros as Bitcoin is viewed as risk
Jeroen Blokland questioned why Bitcoin is seen as a risk when the Dutch hold nearly €666 billion in euros. Blokland noted that most people in the Netherlands keep almost all their money in euros ...
People may be focusing on the wrong risks, Jeroen Blokland writes
Jeroen Blokland questioned whether people are concerned about the wrong or too few risks. He noted that in a recent piece, he discussed several issues that may not seem connected at first glance, ...
Jeroen Blokland: J.P. Morgan includes bitcoin in 2027 capital market assumptions
J.P. Morgan has added bitcoin to the 2027 edition of its Long-Term Capital Market Assumptions. Jeroen Blokland described this as a signal that J.P. Morgan does not expect bitcoin to disappear ...
French bond spread approaches crisis-era level, Jeroen Blokland notes
The French bond spread has risen to 1.69 percentage points, quickly approaching the level last seen during the height of the eurozone debt crisis. Jeroen Blokland questioned whether this signals ...
Jeroen Blokland: France faces large gap in government spending and competitiveness
Jeroen Blokland described France as an aging, uncompetitive, highly indebted, and politically polarized nation, noting that government spending accounts for 58% of GDP. He highlighted a chart from ...
Anyone with over €30,000 in assets faces 36 percent tax, Jeroen Blokland notes
Anyone in the Netherlands with more than €30,000 in assets is classified as wealthy and must pay a 36 percent tax on realized investment gains, including gains that merely keep up with ...
Jeroen Blokland: Nominal returns dominate investment decision-making
Jeroen Blokland said it is remarkable that nearly everything in investing revolves around nominal returns. He noted that institutional investors set their strategic asset allocation mainly on the ...
Interest payments in developed countries consume 9.5 percent of tax revenues, IMF states
Interest payments have reached 9.5 percent of tax revenues in developed countries, according to data from the International Monetary Fund (IMF). Jeroen Blokland noted that this figure averaged ...
Jeroen Blokland: Discussion highlights France as Europes weakest link
Jeroen Blokland joined Less Noise More Signal for a podcast conversation about the global economy, growing debt, and the future of investing. In the discussion, he addressed why France is ...
French 10-year bond spread surpasses 2011–2012 average, Jeroen Blokland notes
The spread on 10-year French government bonds has reached 142 basis points over German Bunds, marking a new high. Jeroen Blokland compared this level to the 2011–2012 European debt crisis, ...
Jeroen Blokland: Aanwasbelasting and double taxation concerns in box 3 debate
Jeroen Blokland addresses widespread misunderstandings about his box 3 tax calculations. He emphasizes that the aanwasbelasting is a poor type of tax and highlights the issue of two taxes being ...
Box 3 debate focuses on the wrong tax, Jeroen Blokland argues
Jeroen Blokland highlights that the ongoing anger toward Box 3 taxation is justified but misdirected. He points out that public debate is focused primarily on the distinction between accrual ...
Jeroen Blokland: Bitcoin plays key role in new investment fund expansion
Jeroen Blokland highlights that around 15,000 people have now viewed his interview at Lotgenoten. He brings renewed attention to the conversation, emphasizing how it explains the decision to ...
France's yield premium over Germany hits 15-year high, Jeroen Blokland warns
Jeroen Blokland highlights growing concerns about debt sustainability in Europe. He notes that France is now paying its highest yield premium over Germany in 15 years, suggesting increasing market ...
Jeroen Blokland: 36 percent tax rate on nominal returns is extremely high
Jeroen Blokland comments on the strong reactions received regarding his recent Box 3 post, noting the intensity of public sentiment. He observes that the discontent is understandable, as a 36 ...
France pays over 140 basis points more than Germany on 10-year bonds, Jeroen Blokland notes
Jeroen Blokland highlights that France is now paying more than 140 basis points of additional yield on its 10-year bonds compared to Germany. He points out this spread has reached a level only ...
Jeroen Blokland: Dutch investment tax plan risks competitiveness
Jeroen Blokland argues that investing remains worthwhile, including in gold and bitcoin. He highlights that a 36% tax rate on nominal investment returns is extremely high and asserts that this ...
Investors to pay tax on gains only at sale from 2028, Jeroen Blokland notes
Jeroen Blokland highlights new developments regarding Dutch tax plans for investment portfolios. He notes that under the leaked box 3 proposals, the previously discussed wealth growth tax appears ...
Jeroen Blokland: Launches second Blokland Sound Money Fund for gold and bitcoin
Jeroen Blokland has announced the launch of the Blokland Sound Money Fund, which is his second investment fund. The fund is designed to provide a comprehensive investment solution by focusing on ...
Traditional 60-40 portfolio no longer suits all investors, Jeroen Blokland notes
Jeroen Blokland discusses the longstanding 60-40 investment portfolio model in Dutch financial newspaper FD. For decades, a mix of 60 percent equities and 40 percent bonds was considered almost ...
