Our latest insights

Perspectives on how this yearʼs election will impact the market and investment portfolios, from industry experts across New York Life Investments. Building a resilient portfolio is more critical than ever. We evaluate current market risks, and explore investor-focused solutions.

   



     

Explore our highly rated muni solutions for tax free income potential.

MSTIX

MainStay MacKay Short Term Municipal Fund

Has delivered attractive tax equivalent yield, with historically low NAV volatility.

MMIN

IQ MacKay Municipal Insured ETF

A low cost strategy to add a layer of insurance and tax free income potential to your portfolio.



Municipal Markets, Fall Technicals, and the Election

Bob DiMella, Co-Head and Portfolio Manager with MacKay Municipal Managers, talks about the state of the municipal market heading into the election season and municipal strategies that can build resiliency in portfolios.

bridge low angle view

Adding Resiliency to Portfolios with Insured Municipal Bonds

Municipal bond insurance offers a range of benefits to investors, including default protection, guaranteed regular income, and enhanced liquidity. For these reasons, insured bonds can be particularly valuable in volatile investment climates like we are experiencing today.

Upwards view of glass building

     

Consider our low volatility high yield solutions for risk-adjusted return potential.

MDHIX

MainStay MacKay Short Duration High Yield Fund

Has provided competitive risk-adjusted returns driven by superior credit selection.

HYLV

IQ S&P High Yield Low Volatility Bond ETF

A low cost strategy to gain high yield exposure while managing downside volatility.



IndexIQʼs Sal Brun Spotlights HYLV - IQ High Yield Low Volatility ETF

Sal Bruno joined ETF Prime to discuss how investors can build a smarter core in this near-zero environment with HYLV, an innovative ETF that focuses on credit selection and eliminates the potentially riskiest bonds, while still seeking competitive yield.

The High Yield Market, the Fed and a Shift in Market Characteristics

Eric Gold, Portfolio Manager for MacKay Shields High Yield Team, discusses the state of the high yield market, the impact of recent Fed actions, and opportunities in high yield going forward.

     

Explore our low volatility solutions for income and growth potential.

EPLCX

MainStay Epoch U.S. Equity Yield Fund

Has offered steady income and capital appreciation, with less volatility than the market and peers.

MTOIX

MainStay Income Builder Fund

A global, balanced approach that opens the door to a diversified range of opportunities.




Why Shareholder Yield Today?

Epoch's Executive Chairman and Co-CIO, Bill Priest, discusses the merits of a shareholder yield approach for investors seeking steady income and growth in a volatile world.

Clouds reflected in modern office buildings, Frankfurt, Germany

The Resilience of Dividend-Paying Companies

With interest rates around the world hovering around historical lows, investor appetite for alternative income sources, particularly dividends, has increased markedly. Although some investors might be fearful of dividends being affected by market volatility, history tells us that dividend paying companies are, in fact, remarkably resilient.

Clouds reflected in modern office buildings, Frankfurt, Germany
Clouds reflected in modern office buildings, Frankfurt, Germany

MainStay Income Builder Fund: A Global, Multi-Asset Approach for Income Generation and Capital Appreciation

A balanced, global approach opens the door to a range of opportunities that could offer investors several advantages, including higher income potential, improved growth potential, and risk management through increased diversification.

     

Gain international exposure with less of the risk.

IQ 50 Percent Hedged FTSE International ETF 

A simpler approach to international investing, with a 50% currency hedge for lower volatility.


Tower bridge sky steel London


The Case for International Equity Diversification

Given current valuations and market uncertainty, the outlook on currencies is anyone's bet. A middle ground approach could be a sensible solution to take advantage of broad passive international exposure while hedging against potential risk.

Tower bridge sky steel London
Downtown San Francisco aerial


Travel Bans Donʼt Apply to Global Investing

U.S. equities have led a historic global rebound from March lows. But with COVID infection rates reaccelerating, and many states and municipalities delaying or reversing plans to reopen business, can U.S. markets retain their leadership role? And what does this mean for investors?

Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance figures for all Funds reflect contractual waivers and/or expense limitations, without which total returns may have been lower. These limitations may be modified or terminated only with Board approval.


The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.


Click on the product name for the most recent overall risk-adjusted Morningstar ratings shown above, including ratings by share class and time period and the number of funds in each category. The Fund page also includes the prospectus, investment objectives, performance, risk and other important information.


Morningstar ratings as of 3/31/21. MainStay MacKay Short Duration High Yield Fund Morningstar Risk-Adjusted Ratings: US Fund High Yield Bond Category -  Class A Shares Overall Rating 2 stars out of 630 funds, 3 Year 2 stars out of 630 funds, 5 Year 2 stars out of 556 funds, 10 Year 2 stars out of 358 funds. MainStay MacKay Short Term Municipal Fund Morningstar Risk-Adjusted Ratings: US Fund Muni National Short Category -  Class A Shares Overall Rating 2 stars out of 201 funds, 3 Year 3 stars out of 201 funds, 5 Year 2 stars out of 178 funds, 10 Year 2 stars out of 138 funds.  MainStay Epoch Capital Growth Fund Morningstar Risk-Adjusted Ratings: US Fund World Large Stock - Class A Shares Overall Rating 4 stars out of 762 funds, 3 Year 4 stars out of 762 funds. MainStay Income Builder Fund Morningstar Risk-Adjusted Ratings: US Fund World Allocation Category -  Class A Shares Overall Rating 4 stars out of 400 funds, 3 Year 4 stars out of 400 funds, 5 Year 3 stars out of 351 funds, 10 Year 5 stars out of 224 funds. IQ S&P High Yield Low Volatility Bond ETF Morningstar Risk-Adjusted Ratings: US Fund High Yield Bond Category - Class Shares Overall Rating 3 stars out of 630 funds, 3 Year 3 stars out of 630 funds. IQ MacKay Municipal Insured ETF Morningstar Risk-Adjusted Ratings: US Fund Muni National Interm Category - Overall Rating 5 stars out of 249 funds, 3 Year 5 stars out of 249 funds.  IQ 50 Percent Hedged FTSE International ETF Morningstar Risk-Adjusted Ratings: US Fund Foreign Large Blend Category - Class Shares Overall Rating 4 stars out of 654 funds, 3 Year 4 stars out of 654 funds, 5 Year 4 stars out of 563 funds.