Our commitment to performance with purpose.
Since 1938, MacKay Shields has partnered with clients to help meet their investment goals through high quality products and exceptional service. We serve a prominent group of pension funds, government and financial institutions, family offices, high net worth individuals, endowments, and foundations from across the globe.
Equitable for All—Visualizing Our Differences
At MacKay Shields we commit to the equitable treatment of all. To demonstrate this, MacKay worked with artist and photographer Maya Barkai to create this piece, which is meant to embody our diversity, equity and inclusion (left image). The piece of art (right) is created by MacKay's own Alina Sysak and represents the unique and diverse makeup of our firm.
Forward Guidance: To Neutral and Beyond
In our latest episode of Forward Guidance, we discuss the market reaction to the July FOMC policy decision and communications about the outlook for the economy and policy. Despite the rally in risk assets after the meeting, we note the Fed’s continued resolve to bring down inflation by slowing the economy.
Explore the 2022 Mid-Year Outlooks from MacKay Shields
We believe fixed income valuations are meaningfully more attractive and current yields have greatly improved the income profiles for investors. We believe that amid the very negative overall market reaction in the first half of 2022, underlying improvements in sovereign and corporate balance sheets have not been fully reflected in valuations.
After the First Quarter Shock: Investing in Emerging Market Debt
Most financial markets sold off sharply in 2022’s first quarter in response to the war in Ukraine, rising inflation and expected interest-rate hikes. The S&P 500 delivered a -4.6% total return for the quarter, and the Bloomberg Aggregate U.S. Bond Index a -6.0% total return, due mostly to rising Treasury yields. Emerging markets debt did even worse in the broad-based flight from risk.
Low Delta Convertible Opportunities
Seeking to reduce interest rate and inflation risk? We see opportunities in the low delta part of the convertibles space. Learn why now low delta opportunities make a good entry point.
FEATURED INSIGHTS
Rapid Transition to Electric Vehicles Will Upend Global Auto Industry
The Muni 360 Podcast - Weekly Wrap Up 5/13/2022
After the First Quarter Shock: Investing in Emerging Market Debt
The Muni 360 Podcast - Weekly Wrap Up 5/6/2022
Post FOMC Roundup - Clarity from the Fed…For Now
Panel Q&A with MacKay Analysts
Dislocations in the Taxable Municipal Market Today
