Inflection Point: Pivot with Munis and High Yield – New York Investments – 10.1.24

Overview:
Title: Inflection Point: Pivot with Munis and High Yield
Date: Tuesday, October 1, 2024
Time: 2:00 PM Eastern Daylight Time
Duration: 1 hour

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Summary:

On Demand Soon

Please join us for an interactive live presentation where our portfolio managers will address key topics for investors, including navigating a shifting interest rate environment and optimizing fixed income portfolios. We’ll provide an overview of the market, focusing on high yield and municipal bonds, and share strategies for positioning investments effectively amid recent economic and monetary developments.

Key discussion points will include:

  • Evaluation of current market conditions and trends
  • Analysis of investment opportunities, spreads and prospects
  • Insights into credit quality and risks
  • Active management advantages
  • Strategic recommendations for positioning after the Fed’s rate cut and for the 2024 year-end

Accepted for 1 CFP® / IWI / CFA CE Credit

Speakers:
Sanjit Gill, CFA Sanjit Gill, CFA Director and Portfolio Manager MacKay Municipal Managers

Sanjit is a Portfolio Manager on the municipal bond team. Sanjit joined MacKay Shields in 2021. Prior to joining the firm, he was a retail high grade and electronic trader at Bank of America Merrill Lynch. He earned a Bachelor’s degree in Mathematics and Psychology from Baruch College in 2016 and a Master’s in Applied Mathematics from Hunter College in 2021. He is a CFA Charterholder and has been in the financial services industry since 2016.
Nate Hudson, CFA Nate Hudson, CFA Managing Director and Portfolio Manager MacKay Shields High Yield Team

Nate Hudson is a Managing Director on the High Yield Team, where he follows the automotive and services sectors. Prior to joining MacKay Shields in 2008, he was a Senior Analyst of High Yield Credit in Strategic Capital’s (White Ridge Advisors) proprietary investment group at Banc of America Securities. Previously, he was a sell-side High Yield Analyst at Banc of America Securities and a High Yield Credit Analyst at Nomura Corporate Research & Asset Management (NCRAM). Nate received a BA from Yale University and is a CFA Charterholder. He has been working in the investment industry since 1991.
Eric Snyder, CFA Eric Snyder, CFA (Moderator) Director and Client Portfolio Manager MacKay Municipal Managers

Eric focuses on client relationship management and business development initiatives for MacKay Municipal Managers team. Eric joined MacKay Shields in October 2021. Prior to joining the firm, Eric was a Product Manager at New York Life Investments covering the MainStay/IndexIQ municipal bond product suite. From 2011 to 2018, Eric worked at PGIM Investments most recently as a product manager covering their public real estate and municipal fixed income products. He started his career at Bank of America Merrill Lynch in 2007, serving most recently as a Merrill Edge Financial Solutions Advisor. Eric earned a B.S. in finance from the University of Rhode Island. He is a CFA Charterholder and holds FINRA 7 and 66 securities registrations and has been in the investment industry since 2007.
All investments are subject to market risk, including possible loss of principal. Bonds are subject to interest-rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk, in which the bond issuer may fail to pay interest and principal in a timely manner. 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.

This material contains the opinions of the MacKay Municipal Managers™ and MacKay Shields High Yield 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. No part of this document may be reproduced in any form, or referred to in any other publication, without express written permission of MacKay Shields LLC. ©2021, MacKay Shields LLC. All Rights Reserved.

Information included herein should not be considered predicative of future transactions or commitments made by MacKay Shields LLC nor as an indication of current or future profitability.

There is no assurance investment objectives will be met. Past performance is not indicative of future results.

MacKay Municipal Managers™ is a trademark of MacKay Shields LLC. MacKay Shields LLC is a wholly owned subsidiary of New York Life Investment Management Holdings LLC, 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. Securities are distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company.


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