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Michael Mackenzie

US investment editor
Michael is the FT's US investment editor. He was formerly senior investment commentator, global markets editor in London and prior to 2015 was the US markers editor. He joined the FT's New York office in 2006 after covering US bonds and derivatives markets for Dow Jones from 2000. Prior to his journalism career, Michael was a derivatives broker for Tullett & Tokyo in Hong Kong, London, Toronto, New York and Tokyo.
Email Michael Mackenzie @michaellachlan  on Twitter (link opens in a new browser window)
Email Michael Mackenzie @michaellachlan  on Twitter (link opens in a new browser window)

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  • Wednesday, 6 April, 2022
    US Treasury bonds
    An inverted yield curve: why investors are watching closely
  • Monday, 8 November, 2021
    Trading technology
    Pandemic’s digital push shows future of bond trading

    More accurate price data and more fixed income tracker funds have moved markets forward five years

  • Monday, 1 November, 2021
    Special ReportSmart Beta
    Factors show their potential to boost fixed income returns

    Low yields and inflationary pressure are forcing a strategic rethink as investors consider value and quality

  • Thursday, 28 October, 2021
    T Rowe Price Group Inc
    T Rowe Price to buy Oak Hill in $4.2bn cash and shares deal

    Asset manager’s biggest acquisition comes as demand for alternative investment grows

  • Wednesday, 27 October, 2021
    ETF HubLatest news on ETFs
    Invesco launches ESG version of $200bn exchange traded fund

    Top tech groups get lower weighting in ETF that tracks Nasdaq-100 index

  • Friday, 22 October, 2021
    ETF HubLatest news on ETFs
    Hot demand for bitcoin ETF as ‘Wild West’ meets Wall St

    Launch of crypto-linked investment fund lends ‘professional’ edge to swashbuckling asset class

  • Wednesday, 20 October, 2021
    Bitcoin
    Bitcoin rallies to fresh peak above $67,000 after ETF launch

    Rising interest among mainstream investors has helped fuel gains in digital token’s price

  • Wednesday, 13 October, 2021
    BlackRock Inc
    BlackRock’s revenues hit record high but assets stall shy of $10tn

    Chief executive says assets under management held back by strong dollar

  • Thursday, 7 October, 2021
    BlackRock Inc
    BlackRock to give clients the right to vote

    Direct voting at AGMs is first step by major asset manager to give ultimate owners of votes the power to use them

  • Wednesday, 6 October, 2021
    Cathie Wood
    Cathie Wood’s Ark Investment to relocate to Florida

    Asset manager joins growing number of firms trading New York for warmer weather and lower taxes

  • Tuesday, 5 October, 2021
    Fund management
    Does State Street need a deal to save its ETF business?

    Activist investor Nelson Peltz is circling State Street’s asset management business

  • Monday, 4 October, 2021
    Capital markets
    Investors suffer 60/40 blues as investment mainstay takes a hit

    Portfolios with a mix of stocks and bonds have suffered their worst losses since the pandemic

  • Friday, 24 September, 2021
    Investing in Xi’s China
    Top investors split on direction of ‘tempestuous’ China’s markets

    Bulls like Ray Dalio and Howard Marks spar with more downbeat managers such as Kyle Bass

  • Friday, 17 September, 2021
    ETF HubLatest news on ETFs
    ETF industry heavyweights push back on proposed US tax change

    Bill aims to close loophole which hastened investor shift from mutual funds to exchange traded funds

  • Thursday, 16 September, 2021
    ETF HubLatest news on ETFs
    Goldman follows Cathie Wood’s Ark with new tech-focused active ETF

    Bank’s asset management division to target smaller innovative companies, with nearly half outside the US

  • Monday, 13 September, 2021
    Fund management
    Hunt for small asset management deals hottest since 2007

    Groups eschew big complicated acquisitions that come with integration problems and risks

  • Monday, 13 September, 2021
    ETF HubLatest news on ETFs
    Demand for advice rises as not all investors go it alone

    Alongside a surge in retail share trading, traditional and ‘robo’ advice is being sought

  • Friday, 10 September, 2021
    Chinese business & finance
    ‘No rule of law’: investors divided over Chinese markets

    Regulatory stings scare off some managers, but others hunt for opportunities in vast economy

  • Monday, 30 August, 2021
    ETF HubLatest news on ETFs
    ETF pioneer Grossman urges asset managers to adopt direct indexing

    Former iShares chief says investment houses are often slow to consider new technology

  • Wednesday, 25 August, 2021
    T Rowe Price Group Inc
    Top T Rowe Price fund manager David Giroux cuts stocks exposure

    Investor known for market timing cools on equities after huge rally

  • Tuesday, 17 August, 2021
    ETF HubLatest news on ETFs
    Defensive ETF flows hint at ‘bullish but worried’ sentiment on Wall St

    Billions of dollars flow into funds tracking sectors that typically outperform in choppier environments

  • Friday, 13 August, 2021
    Corporate earnings and results
    Wall Street predicts that equity bull run will continue

    But some investors worry that market already reflects high levels of optimism

  • Friday, 6 August, 2021
    ETF HubLatest news on ETFs
    Bets against Cathie Wood’s flagship ETF hit record high

    Investors are beginning to lose faith, analysts say, after stellar run in 2020

  • Friday, 6 August, 2021
    ETF HubLatest news on ETFs
    Retail investors on the hunt for bargains in China-focused funds

    ETFs tracking Chinese stocks lure inflows even as institutional investors steer clear

  • Thursday, 5 August, 2021
    Coronavirus economic impact
    Wells Fargo and BlackRock delay return-to-office plans

    Amazon also postpones return date until January as Delta variant drives rise in US Covid-19 cases

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