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 few pockets of value in the sector

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?

An active headache for fund managers

2014 has been bad thanks to lower volatility and dispersion

Lower oil price could stoke US stock bubble

Opec’s position on output could have profound consequences

Spot spin-offs to profit from activists

Credit Suisse screen identifies particular opportunities in Europe

Breaking the white male grip on markets

If a market is dominated by any ethnicity, it tends to make worse decisions

Big macro trade is way to profit in Japan

Stock-picking opportunities that are usual in these circumstances are hard to identify

Corporate buybacks fuel all-time highs

US companies will buy $450bn of their stock this year, but when will this become too expensive?

Index moves stoke real estate bubble risk

Money will move on back of classification changes

What cheaper oil means for the economy

Impact on markets is hard to gauge, but the average American will benefit

Risk-return relationship has been upended

Increasing use of benchmarking distorts markets, study suggests

BoJ shows central banks have firepower

They can move markets, but can they move the global economy?

How the Fed got from eternity to here

An unprecedented intervention had the desired effect but also had counter-intuitive consequences

European stocks cry out to contrarians

Not super cheap but upside potential better than downside risk

Why it could pay to bet against consensus on Europe

Valuations make sense if the US is about to boom further, but that is hard to swallow

Copycat managers cannot beat the market

Findings raise questions over investment skill

Markets: Into uncharted waters

After the volatility, investors face the hard reality that stocks and bonds still look expensive

Fear returns with yield plunge

Market move is enough to spook anyone investing in equities

Warning light flashes on stock correction

Notion that the famous Cape ratio can show when stocks are expensive still holds

Commodities tell truth to equities investors

Low rates and lower raw materials prices are good for profits

Gross looks to show his star is undimmed

The feted manager’s debut for Janus suggests he intends to do things much as he did at Pimco

Bitcoin bursts, but could change banking

Venture capital is exploring cryptocurrency technology

Disruptive technology will not kill banks

Banking is too heavily regulated to be threatened by newcomers

Size matters and Pimco’s TRF was too big

Disorderly outflows from the fund could create perverse market moves

Will Gross turn out as a fox or hedgehog?

Investors ask if he can repeat his skill at handling the bull market


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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