Emerging markets: cheapness carries risk

Growth prospects have slowed. The rise in the dollar and fall in oil price have created risks

A portfolio beyond equities and bonds

Complex securities are an asset allocation challenge

Pluses and pitfalls in the ETF revolution

Exchange traded funds have flexibility and offer low costs, but investors need to be aware of risks

Pension safety more important than choice

Behavioural finance shows we are hard-wired to make mistakes

The 60,000 ton bulk ore carrier MV Irenes Vigor is loaded at the Port of Geraldton in February 2006 in a photo released by Midwest Corp. to the media on Wednesday, Oct. 10, 2007. Murchison Metals Ltd., the best-performer on the benchmark Australian index, bid as much as A$986 million ($887 million) in stock to buy Midwest Corp. and secure the right to build a port needed for its iron ore project. Source: Midwest Corp. via Bloomberg News
©Bloomberg

Shipping finance offers attractive yields

Is ‘floating real estate’ the next big asset class?

The dollar almighty will create risks

US currency can boost global economy but there are caveats

Incentives favour short-term focus

Pension funds and insurers forced to shy away from infrastructure

Landmarks on a journey to uncertainty

Nasdaq record and US jobs data leave hard questions unanswered

Real returns

Fees matter more than asset allocation

Investment strategy study confirms importance of cost control

The Big Read: Bankers kept out of the bull run

John Authers explains some of the scepticism around the equities rally

Stock markets: where have the good times gone?

Equities are rallying to record highs, but bankers on Wall Street and in London are finding few reasons to celebrate

The bond market must turn sometime

History has few precedents to help predict what might happen next

Obama set for battle on pensions reform

World watches as US tackles key problem of mis-selling retirement products

UK stocks: interesting but not compelling

FTSE 100 record tells us little about the future

FTSE hits record, but hold off the bubbly

The good news is that the index is nowhere near as overvalued as it was in late 1999

Desperation of active fund management

Only 19% of US equity fund managers beat Russell 1000 index

‘Market truths’ pay, but not impressively

It may be time to buy protection against another major drawdown

Lack of revenue growth is alarming

The balance must shift from cutting costs to boosting revenues

Sin wins in battle of vice or virtue

Tobacco and alcohol stocks lead on UK and US markets historically

Wages of sin make big market profits

$1 invested in US tobacco in 1900 would now be worth $6m

US economy vulnerable to China syndrome

Litany of economic indicators flashing reasons for concern is growing longer

US endowments pare bets on alternatives

But they should not rush out as the case for hedge funds is improving

Cost of cheap oil on US earnings revealed

Aside from oil companies, this has been a good earnings season

Factor investing is flavour of the month

But four-decade run of outperformance may not last

Draghi’s pledge gives credible hope

Expect the global hunt for yield to continue until rates rise

John Authers: ECB lacks shock and awe

Transparency has robbed QE of valuable element of surprise

Reits rally starts to run out of steam

Office real estate is one of a few pockets of value

Lessons from Switzerland doffing its cap

There are limits to how much to trust central banks to bail out markets

Healthcare stocks good for your wealth?

Sector outperformed S&P 500 but could underperform if oil recovers

Dilemmas of depression and deflation

Central banking is difficult, making it too uncertain for investors to take on new risks

Energy stocks a poor bet on oil recovery

Investors should look out for contrarian buying opportunities

Steady rebalancing is key to prosperity

US recovering but rest of the world is in varying degrees of distress

Winning bets were obvious with Hindsight

Oil price fall and resilience of US economy were trends to spot

Investment: Loser’s game

With as few as 10 per cent of US active managers beating their benchmark in 2014, they are having to employ new tactics

The dodo and investor survival

Any theory of markets must take account of human aversion to risk

Fed must not bounce from crisis to bubble

Lessons from mistakes that led to the 1999 rally

Midnight rate rise summons old spectres

The tactic has worked for other central banks but success for Russia may still hinge on oil

Why investors’ view on oil has just pivoted

Prices are still falling, but that is viewed as a Bad Thing

Low-volatility stocks on a winning streak

But concerns are growing that the strategy has become overcrowded

It looks like a duck, but it’s a secular bear

The S&P 500 is at an all-time high. If this is not a bull market, what is?

ABOUT JOHN

John Authers John Authers is the Financial Times' Senior Investment Columnist, responsible for the weekly Long View and other columns on markets and investment. In a 22-year career at the FT, his previous posts have included global head of the Lex column, investment editor, US markets editor, Mexico City bureau chief and US banking correspondent. His latest book is The Fearful Rise of Markets.

John has a degree in Philosophy, Politics and Economics from the University of Oxford, and an MBA from Columbia University.

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