Chris Roberti, Managing Director, and Robert DiMella, Executive Managing Director, at MacKay Municipal Managers discuss the biggest challenges and opportunities facing advisors in today’s uncertain environment.
The concept of resiliency is a common theme amongst New York Life Investments’ family of funds and managers. Resilient portfolios focus on delivering long-term returns and achieving client goals, even in the face of volatility and up and down market cycles. DiMella says that anticipation and positioning your portfolios to take advantage of volatility is key. DiMella and his team at MacKay Municipal Managers leverage active management and proprietary research to help them identify and anticipate disruptions in the municipal bonds market. DiMella also discusses the pandemic’s impact on municipal markets, and his outlook on the municipal bond market going forward.
MacKay Municipal Managers is a recognized leader in active municipal bond investing and is entrusted with $59 billion in assets under management, as of 9/30/20. The team manages a suite of highly rated, award-winning municipal bond solutions, available in multiple structures, including mutual funds and exchange traded funds.
For additional insights into navigating current market uncertainty, visit www.lowvolatilitysolutions.com and register for New York Life’s webcast: Building resilient portfolios in an uncertain environment.
Discussion Topics:
- Macroeconomic conditions
- Market reactions to heightened uncertainty
- The case for a resilient portfolio
- Drivers of long-term performance
- Attractive investment opportunities in today’s market
- Strategies to navigate the current market environment and key risks to consider
Bob joined MacKay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the President and co-founder of Mariner Municipal Managers from 2007 to 2009. Bob has been a municipal portfolio manager since 1992, with a broad range of trading and portfolio management experience in the municipal markets.
Bob was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers, he served as a Senior Portfolio Manager and Managing Director of the Municipal Products Group. He was employed by Merrill Lynch from 1993 to 2006.