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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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