John Stepek's Articles
How to diversify your dividends
When it comes to dividend payouts, the UK has long been one of the more generous global markets – the FTSE 100 currently yields around 4% overall. That’s partly because […]
Why ETFs are only going to get cheaper
One of the core arguments for investing using passive funds and exchange-traded funds (ETFs) in particular, is that they’re cheap. Why take the risk of paying more for an active […]
by John Stepek, 9th March 2018
Bonds as an asset class, have done extremely well over the last 35 years or so. In 1981, when the great bond bull market began, the asset class was despised. […]
The next battle ground for passives – holding companies to account
The current row over a gobsmacking £100m-plus bonus for the chief executive of house builder Persimmon is just one very clear example of the fact that shareholder empowerment has a […]
Inflation, disruption and activism – the big themes for 2018
It’s that time of year when pundits like me get our crystal balls out. Clearly, no one can predict the future (or if they can, they’re sitting on a beach […]
America’s retail apocalypse is real – but is it worth betting on?
2017 has turned into the year of the ‘retail apocalypse’. A Google search on the phrase will turn up plenty of results. It’s the name being given to the carnage being […]
Are ETFs and passive funds making markets less efficient?
Last year, in a now-infamous piece of research, Inigo Fraser-Jenkins at US broker Alliance Bernstein argued that passive investing was worse than Marxism. His thesis was broadly as follows: under […]
Is it time for active management to make a comeback?
Active fund managers have been on the back foot in recent years, as the rush of money rushing into passive strategies and ETFs continues to show little sign of slowing. […]
by John Stepek, 4th August 2017
With index investing all the rage these days, it’s easy to forget that today’s best-known stock market indices were not designed with the idea that people would invest in them […]