Smart beta risks becoming crowded

Reaching for a better solution: smart beta aims to out-perform the index

Benefit of active tilt to passive investing will be lost as more investors join in

Growth stalls as oil dividend remains unspent

Markets puzzled by weak consumer spending given crude price drop

ETF model puts active managers to test

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

Have bonds reached a tipping point?

Only if market liquidity proves poorer than many fear or the Fed forces the issue

What’s in a name? Some advisers reject the use of the term 'smart beta'

Why multi-factor funds are smarter beta

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

Diversity drives Indian Ocean region

Next decade will see rise of India and east Africa as mature economies stagnate

Case for indexing is weaker for bonds

Trackers lose badly when active managers make good rate calls

Passive index investing triumphs in bonds

US investors have lost confidence in fund managers

China stocks are high but can go higher

History shows markets can rally a long time, particularly once foreign money enters

Stock valuations no help in timing trades

Earnings multiples are useless for short-term predictions

Records leave markets stuck in time warp

Highs reinforce disconnect between valuations and indices

The Nasdaq — going nowhere for 15 years

Almost any other equity investment would have been a smarter bet

Investor returns are all about the timing

Knowing when to choose the right moment to move is not easy

Equity investors reject UK election risk

Political stakes are high: so too is faith in UK stocks

The case for active management weakens

High active share strategies can outperform but risks increase

Momentum to stall as profits talked down

Earnings forecasts have taken a stunning dive

Poor active managers have no excuse

Ample opportunity to pick winners even when stock dispersion is low

A June rate rise can surely be ruled out

April’s jobs data have profound implications for the Federal Reserve

Four financial questions for foamy markets

John Authers on negative yields, US and Chinese stocks and EM reserves

Value investors suffer during QE rally

The strategy works best when things look terrific — or terrifying

Business pioneers in finance

History shows there is nothing like a crisis to focus financiers’ minds

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

The increasingly complex types of securities available increase the difficulty of asset allocation

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

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

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


John Authers John Authers is the Financial Times' Senior Investment Commentator, 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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