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MacKay Strategies

Philosophy & Process

MacKay Shields investment teams utilize their own philosophy, processes, and experience to add value across capital markets.

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Insights
Insights Overview
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MacKay Insights

The Emerging Market Debt: Fresh Thinking on an Evolving Asset Class

While providing investors with a multiverse of global exposure and opportunities, we believe it's time for some fresh thinking around the evolving nature of Emerging Market Debt.

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Responsibility Overview
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MacKay Responsibility

Objectives & Values

We strive to meet the objectives and values of our clients; care for our employees; and promote the well-being of the communities in which we invest, work, and live.

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Who We Are Overview
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who we are megamenu

Leader In Specialty Fixed Income

We are dedicated to investing for trusted clients globally, while ensuring the health of our company culture and the prosperity of our local communities.

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MacKay Shields Global Credit

We employ a dynamic approach to the management of credit strategies through a rigorous process which marries top-down macroeconomic analysis with robust bottom-up security selection.  

Overview

Overview

          

Our team’s philosophy and process is rooted in the belief that debt markets do not reward for inappropriately high levels of risk, and therefore, the team seeks to avoid uncompensated risk. 

Strategies

Strategies

Global Credit Strategies

          

STRATEGY
SEPARATE ACCOUNT
PRIVATE VEHICLES
UCITS
FACT SHEET
INVESTMENT GRADE

Investment Grade Credit

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Investment Grade ESG Credit

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US HIGH YIELD

US High Yield Active Core

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US High Yield Active Core Opportunities

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Short Duration US High Yield

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GLOBAL HIGH YIELD

Global High Yield

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Global High Yield Developed Markets

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Global Credit Team

Global Credit Team

Global Credit Team

 

Global Credit is comprised of a deep bench of industry professionals with an average of nearly 30 years of experience. 

Meet the Team
Global Credit Team

          

          

 "I’m passionate about credit and proud to be a part of a team of professionals who are just as motivated and excited about what we do. We have one goal: To deliver the best results for our clients." — Eric Gold, Team Head 

          

Insights

Insights

          

FEATURED INSIGHTS

5 MIN READ
July 12, 2023
Investment Grade Mid-Year Outlook
With interest rates likely remaining higher for longer and corporate earnings growth expected to further slow into the remainder of 2023, we expect returns to be driven by carry rather than by spread compression.
4 MIN
July 5, 2023
Federal Reserve Stress Test Commentary - Part 2
In part 2 of a 2 part series, Mark Kehoe, CFA gives his thoughts on the latest Federal Reserve Stress Test.
4 MIN
July 5, 2023
Federal Reserve Stress Test Commentary - Part 1
In part 1 of a 2 part series, Mark Kehoe, CFA gives his thoughts on the latest Federal Reserve Stress Test.
5 MIN READ
May 16, 2023
Failures, Funding and Financial Resiliency: 1Q 2023 Bank Earnings
What matters to credit investors?
5 MIN READ
March 31, 2023
Banking Crisis—How Deep a Contagion?
Mark Kehoe, Portfolio Manager and Senior Analyst on the Global Credit team at MacKay Shields gives his thoughts around the current bank crisis and provides background on what Additional Tier 1 Securities are and how they play a role in the crisis.
5 MIN READ
February 15, 2023
Bonds Are Back to Being Bonds
Bonds are back to being bonds in 2023, as we believe higher income will drive investment grade returns.
4 MIN VIDEO
JANUARY 6, 2023
Downgrades, Defaults and Regional Allocations
Michael DePalma and Cameron White on the Global Credit team share their outlook for the Global Credit market, their observations on downgrades and defaults in the next year, and how they think about regional allocations in 2023.
8 MIN READ
January 6, 2023
Global Credit Outlook for 2023
Downgrades, Defaults and Regional Allocations
6 MIN READ
May 15, 2022
Rapid Transition to Electric Vehicles Will Upend Global Auto Industry
The global auto industry is on the cusp of a transformation.
5 MIN VIDEO
DECEMBER 14, 2021
Global Credit Team - 2022 Outlook
Global Credit Team - 2022 Outlook
8 MIN READ
September 24, 2021
Digging Deep Into Material Factors for ESG Investors
When we outlined our approach to engaging with companies on ESG issues, many investors asked how we determine what issues are “material.”
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