In a tangle over multi-asset investing

A trader looks at his screen as he works on the floor of the New York Stock Exchange shortly after the opening bell, in the Manhattan borough of New York January 24, 2014
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Complexities of allocation make this a thorny approach

Better to stay out of China A-shares

Economic fundamentals and bubble psychology send strong message

How to short Silicon Valley’s ‘unicorns’

Hedging these highly-valued but illiquid stocks is difficult

Old stock share certificates from 1950s-1970s

Bondification is new big investment idea

Search for income mutes great rotation into equities from bonds

Pressure on private equity to spend cash

Industry feels pain of investor activism and regulatory scrutiny

Stock index cubes

Active managers must prove their worth

Following an index and still charging fees is a terrible deal

Look for lower passive ownership in a stock

Heavy exposure to ETFs leaves less room for outperformance

Political risk sours infrastructure deals

Retroactively changing terms will not work for governments long term

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The reality gap in the role of banks

BoE paper finds theoretical view of lenders is out of date

MSCI website logo

Waiting for smoke on MSCI China A shares

Restrictions on trade and weightings must be considered carefully

The gap between aspiration and reality

Dry corporate filings can reveal surprising inner workings

Banks offer little investment attraction

Financials are no better play on growth than other cyclical stocks

ETF model puts active managers to test

NextShares offers a way to trade an active fund on an exchange

Winners and losers in bond fund fallout

Investors focus on listed asset managers with large fixed income franchises

Why multi-factor funds are smarter beta

A fascinating new take on an old strategy tries to beat the market for longer

Debt disruptors yet to face downturn test

While alternative lenders are gaining popularity, how much extra risk do they face?

Case for indexing is weaker for bonds

Active managers often underperform but ‘smart beta’ could help investors stay ahead

Warren Buffett versus the hedge funds

Investors locked in to lower expectations and declining returns

Stock valuations no help in timing trades

When it comes to short-term predictions earnings multiples are useless

Share buybacks — who really benefits?

Executives and investors are not always equal beneficiaries