Amid uncertainty around interest rates, economic growth, and a potentially looming recession, investors can seize opportunities to redeploy “trapped cash”, re-optimize equity asset allocation, and re-imagine income portfolios for portfolios that persevere.  

About Risk: MainStay Fiera SMID Growth Fund
Securities of small-cap and mid-cap companies may be subject to greater price volatility, significantly lower trading volumes, cyclical, static or moderate growth prospects and greater spreads between their bid and ask prices than securities of larger companies. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. During periods of growth stock underperformance, a fund’s performance may suffer. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy.