Mid-terms and muni bonds – Beyond the ballot – New York Life – 11.14.22

Overview:
Title: Mid-terms and muni bonds – Beyond the ballot
Date: Monday, November 14, 2022
Time: 2:00 PM Eastern Standard Time
Duration: 1 hour

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Summary:

Now On Demand

As volatility and political divide shapes ‘a new normal’, muni investors have been closely watching this year’s mid-term election. To offer insight into the election outcomes and share their perspectives on what lies ahead, Jeff Bush, Partner at the Washington Update, joins Frances Lewis of MacKay Municipal Managers. The experts go ‘beyond the ballot’ to provide context on the current political landscape alongside drivers of today’s municipal investment environment – and where to find opportunities at the intersection point of the two.

Discussion topics:

  • Election outcomes and impacts to investors
  • Market drivers in the municipal bond market
  • Compelling opportunities and portfolio considerations
  • The case for active management

Speakers:
Jeff Bush Jeff Bush Partner The Washington Update

A dynamic and insightful speaker and author, Jeff Bush is known for his unique ability to translate difficult and confusing information coming out of Washington D.C. into winning growth strategies for business owners, executives and high net worth investors. Jeff is a colleague of Andy Friedman and an integral part of The Washington Update, the industry’s NONPARTISAN experts on all things Washington.

Jeff presents more than 200 times yearly in the US and abroad to a client base that includes a who’s who list of fortune 500 firms from Wall Street to Main Street and everywhere in between.

Jeff frequently appears on CNBC’s Nightly Business Report, featured in various industry publications, including Investment News, and a guest on POTUS Sirius/XM Radio.

While Jeff is best known as a keynote speaker, he has shared the stage with many notables, including Vice Chairman of the Federal Reserve, Stanley Fischer, Ron Insana, a reporter for Market Score Board and former Senior CNBC Analyst, Consuelo Mack, host of Wealth Track, Jeffrey Applegate, CIO for Morgan Stanley, Robert Reynolds President and CEO of Putnam Investments, and John Theil, former Vice Chairman of Global Wealth Management at Bank of America.

Jeff is a 30+ year veteran of the financial industry. By the end of his career on Wall Street, he was managing a $50+ billion sales organization. Before that, Jeff was the youngest managing partner in the 150-year history of The New England Financial.

Jeff holds a bachelor’s degree in Business Administration/Management with an emphasis in Accounting, computers, and philosophy from William Jewell College.

Jeff’s dedication, forward thinking, and strategic abilities have resulted in performance records, industry awards, and industry accolades.
Frances Lewis Frances Lewis Senior Managing Director and Portfolio Manager – MacKay Municipal Managers MacKay Shields

Frances is a Senior Managing Director at MacKay Municipal Managers and Portfolio Manager of the MainStay MacKay municipal bond funds. She heads the credit research efforts of the team. Her primary focus includes coverage of transportation, state and local general obligation sectors.

Frances joined the firm in 2009 in her current role. Previously, she was Director of Research for Mariner Municipal Managers and was previously at Merrill Lynch. She was also a Senior Fund Analyst and later Director of the Municipal Research Group at Merrill Lynch Investment Managers. She has worked in the financial services industry since 1991.

Frances earned a B.S. in economics from the University of Michigan and an M.B.A. from Boston University.
Chris Roberti Chris Roberti Managing Director and Chief Marketing Officer MacKay Shields

Chris joined MacKay Municipal Managers in May 2011 and serves as Senior Client Portfolio Manager and Chief Marketing Officer. Prior to joining, Chris was Senior Director with TIAA-CREF Asset Management focusing on investment product business development through institutions within the academic, medical, and research community. From 1991 to 2006, Chris worked with Merrill Lynch, most recently as Head of National Accounts within the asset management division overseeing business development within the broker-dealer community.

Chris has a BA from Rutgers University, is a Certified Investment Management Analyst (CIMA®), and member of Investments & Wealth Institute.

Accepted for one hour of CFP®, CFA® & CIMA®, CIMC® or CPWA® CE Credit

All investments are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.

Please ask your clients to consider the investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus or summary prospectus contains this and other information about the fund and can be obtained by contacting you, the financial professional. Instruct your clients to read the prospectus or summary prospectus carefully before investing.

Municipal bond risks include the ability of the issuer to repay the obligation, the relative lack of information about certain issuers, and the possibility of future tax and legislative changes, which could affect the market for and value of municipal securities. Investing in below investment grade securities may carry a greater risk of nonpayment of interest or principal than higher-rated securities. Bonds are subject to interest rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk which is the possibility that the bond issuer may fail to pay interest and principal in a timely manner.

This material contains the opinions of the MacKay Municipal Managers™ team of MacKay Shields LLC but not necessarily those of MacKay Shields LLC. The opinions expressed herein are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and opinions contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Any forward-looking statements speak only as of the date they are made and MacKay Shields assumes no duty and does not undertake to update forward-looking statements.

The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective.

Neither New York Life Insurance Company, nor its affiliates or representatives provide tax, legal or accounting advice. Please contact your own professionals.

MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC.

Jeff Bush and The Washington Update are not affiliated with “New York Life Investments”

This seminar is for informational purposes only. The guest speakers appearing at this seminar are solely responsible for the content of their presentations which may not necessarily represent the opinions of New York Life Insurance Company or its subsidiaries.

FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.

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