Date: June 9, 2022
Time: 1:00 PM EDT
Duration: 1 hour
About This Event
With many forces pulling on the fixed income space – including the Fed’s recent rate hike and the start of their quantitative tightening program – extreme volatility and uncertainty have persisted. Coupled with ongoing debates around whether interest rate hawkishness has finally peaked, investors are left to wonder how their portfolios will be impacted. Against such an uncertain backdrop, seasoned experts across New York Life Investments will share their perspectives on the implications for fixed income and how to ultimately find resilience in today’s markets.
TOPICS TO BE DISCUSSED
- What does an actively rising rate environment mean for floating rate bonds?
- Macro factors and their impact on the riskiness of the higher rate environment
- Macroeconomic/governmental developments and their implications for municipal bonds
- Where can investors find resilience in the fixed income space?
Accepted for one hour of CFP®, CFA® & CIMA®, CIMC® or CPWA® CE Credit for webcast attendees.
SPEAKERS
Michael joined MacKay Shields in 2019. Before joining the firm he was an institutional municipal credit trader at Bank of America Merrill Lynch with a primary focus on taxable and healthcare securities. Prior to trading credit, he was a high grade municipal trader. Michael earned a Bachelor’s degree in Economics from Johns Hopkins University in 2014 and an MBA from the University of North Carolina Kenan-Flagler Business School in 2022. He is a CFA Charterholder. He has been in the financial services industry since 2014.
Chartered Financial Analyst (CFA)
Nate has managed the MainStay MacKay High Yield Corporate Bond Fund and the MainStay MacKay Short Duration High Income Fund since February 2024. He is a Managing Director on the High Yield Team, where he follows the automotive and services sectors.
Prior to joining MacKay Shields in 2008, Nate 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.
Chartered Financial Analyst
Arthur is a Managing Director and Head of Public Credit Portfolio Management and Trading at Fixed Income Investors. He is responsible for investment grade and high yield portfolio positioning and execution. He is also Portfolio Manager on all floating rate loan mandates including retail mutual funds, institutional accounts and CLOs. He has served as a portfolio manager of the MainStay Floating Rate Fund and MainStay VP Floating Rate Portfolio since 2012.
Prior to joining the firm in 2006, Arthur was a portfolio manager and investment analyst for Carlyle High-Yield Partners. He was also a corporate relationship manager for Fleet Securities, as well as corporate banker with Credit Agricole/Indosuez and ABN-AMRO Bank. He has over 30 years of investment experience.
Arthur received a B.S.B.A. from the University of Denver.
Lauren Goodwin is an economist and the Chief Market Strategist at New York Life Investments. She leads the firm’s Global Market Strategy team, and is responsible for economic and market research, asset allocation, and thought leadership to empower investment decision-making.
Lauren’s research focuses on the investment implications of an evolving macroeconomic and capital markets environment. She has written extensively on global economic developments, policy, portfolio construction, megatrends, and geopolitics. Lauren authored the CFA Institute’s curriculum on Geopolitical Risk.1 Lauren is a member of the Milken Institute Young Leaders Circle – a highly regarded program for select intellectually curious, motivated, and philanthropic professionals.
Lauren has a unique ability to explain complex economic and market issues in a relatable and actionable way. She regularly represents the firm as a keynote speaker at conferences and in television and print media outlets such as: Bloomberg, CNBC, the New York Times, Nikkei, and the Wall Street Journal. She is a host of the firm’s economic and market podcast, Market Matters.
Prior to joining the firm, Lauren held economist positions at JPMorgan, Wells Fargo, Frontier Strategy Group, and the OECD. She is a CFA Charterholder, graduated summa cum laude from the University of Southern California and holds a Master’s Degree in International Economics from Johns Hopkins.
1. “Introduction to Geopolitical Risk”, tested in CFA Level 1 exams
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. New York Life Investment Management LLC engages the services of federally registered advisors. MacKay Shields LLC and NYL Investors are New York Life Investments Company’s. MacKay Municipal Managers is a trademark of MacKay Shields LLC.
“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. NYLIFE Distributors LLC is a Member FINRA/SIPC.
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