Fixed Income Solutions
1. Municipal Alpha Generation
1. Municipal Alpha Generation
Muni bonds offer compelling alpha potential due to recent market dislocation.
The Solution: MainStay MacKay Tax Free Bond Fund
MTBIX experienced double-digit returns during the subsequent 12 months following the market trough in 3 out of 4 periods; and, on average, outperformed its benchmark by more than 200 bps.
2. Core Bond Diversification
2. Core Bond Diversification
Diversify your core bond exposure with high-quality, low-correlation taxable munis.
The Solution: MainStay MacKay U.S. Infrastructure Bond Fund
Morningstar’s Intermediate Core, Intermediate Core-Plus Bond, and Multisector Bond categories tended to move more in-line with the stock market.
3. High Yield With Short Duration
3. High Yield With Short Duration
Consider higher quality high yield with short duration in light of lower entry prices.
The Solution: MainStay MacKay Short Duration High Yield Fund
Solid fundamentals, low dollar prices and a supportive technical backdrop make high yield attractive.
Lower Entry Price Have Led to Greater Returns
The median forward 1 year return when prices were between 80 and 90 is 21.5% as shown in the chart below. When prices were between 90-95, the median return is 12.8%. Longer time horizons have led to even more compelling results.
Equity Solutions
4. Value Equity Alpha Generation
4. Value Equity Alpha Generation
Consider high-quality equity strategies trading at a discount to support core-value allocations.
The Solution: MainStay WMC Value Fund
The strategy is designed as a core value portfolio that can be the cornerstone of a value allocation.
5. Infrastructure Equity Diversification
5. Infrastructure Equity Diversification
Diversity global equity exposure with inflation-resilient infrastructure companies to help manage volatility.
The Solution: MainStay CBRE Global Infrastructure Fund
The Fund can be used as an equity allocation diversifier or for real asset alternatives exposure.
Global listed infrastructure companies are underrepresented in major equity indexes,
6. Currency Hedge to Mitigate Volatility
6. Currency Hedge to Mitigate Volatility
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The Solution: TBD
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