Overview
Overview
Our team executes its investment philosophy through an integrated approach that incorporates top-down macro-economic analysis and fundamental bottom-up research.
Strategies
Strategies
STRATEGY
SEPARATE ACCOUNT
PRIVATE VEHICLES
COLLECTIVE INVESTMENT TRUST
MUTUAL FUND
ETF
FACT SHEET
STRATEGY PROFILE
MULTI-SECTOR FIXED INCOME
Core
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Core Plus
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Core Plus Opportunities
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Crossover
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Intermediate
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Short Duration
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Strategic Bond
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STRUCTURED PRODUCTS
Structured Product Opportunities
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Structured Product Total Return
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Global Fixed Income Team
Global Fixed Income Team
We utilize a team approach in our investment management and decision-making, working closely with research analysts, traders, and risk managers.
“We lean into our research to support a high conviction approach that considers the risks and total return profiles of every investment in order to deliver diversified sources of alpha to our clients.” — Neil J. Moriarty, Team Co-Head
Insights
Insights
FEATURED INSIGHTS
US Banks: Could Regulation Roll Back Go Too Far?
For fixed income investors, US banks should continue operating within a robust regulatory framework despite potential changes. Banks' first line of defense is their profitability, and the likely cancellation of proposed regulations should benefit their bottom lines.
Key Insights on Multi-Sector Bond Positioning
In this video, Neil Moriarty analyses what makes the Strategic Bond Strategy different, using last year's snap elections in Europe and the UK, which created market volatility, as an example.
Navigating Market Volatility: Key Insights on Multi-Sector Bond Positioning
Hear from Neil Moriarty discussing MacKay’s Strategic Bond strategy which focuses on diversified sources of alpha, embracing underappreciated sectors, and leveraging market volatility to identify attractive investment opportunities.
A Compelling Case for Diversification Beyond Treasuries: Echoes of the Mid-1990s
One benefit of higher interest rates has been that many investors have become comfortable holding US Treasuries, and with good reason—they’ve served as a low-volatility, liquid core holding.
Top Five Investment Ideas for 2025
The bond market in 2025 is positioned for strong performance, driven by a resilient U.S. economy, moderating inflation, and a shift toward a higher steady-state interest rate environment.
Multi-Sector Investing for Total Return
How do investors allocate in a late cycle tight spread market environment? Explore how we seek to take advantage of the whole fixed income toolkit, using multiple diversified sources of return to create the flexibility to respond to changing opportunities.
Opportunities in Synthetic Risk Transfers
The US banking industry is undergoing significant changes that are creating new markets for fixed income investors. One of those markets is Synthetic Risk Transfers or SRTs.
MacKay Moments - CMBS: A Strong Diversifier with Embedded Resilience vs. Corporate Credit
Recent shifts have widened spreads in conduit CMBS, presenting what we see as a chance to capture enhanced yields with less risk. Especially for BBB rated CMBS, current market conditions suggest potential for price appreciation and attractive returns.
Active Fixed Income 3Q Outlook - Strong, But Not Overheated
Volatility Brings Opportunity
MacKay Moments - Investing in Commercial Real Estate Debt: Zombie Apocalypse or Diamond City
Despite recent challenges, we believe the commercial real estate market holds resilient investment opportunities.
Finding Relative Value in Mortgage-Backed Securities
Mortgage-backed securities offer institutional investors varied investment prospects, particularly as residential and commercial MBS.
Stepping Out of Cash and into Short Duration
With short duration bonds currently generating high levels of income, we explain why it is now the time to step out of cash and into short duration bonds.
MacKay Fixed Income Top 5 Insights for 2024
In navigating 2024’s landscape, concerns around the US budget deficit, along with the required Treasury debt issuance, continue to captivate investors.
A Unique Opportunity in Structured Credit
Read more to see how investors can enjoy high single-digit yields in a secured investment while still maintaining an investment grade credit rating.
Global Fixed Income Mid-Year Outlook
We believe the ability for investors to earn attractive levels of income with less downside risk continues to be at their most attractive level in years.
Return of the Bond
Neil Moriarty reflects on 2022 and discusses where the opportunity may lie in 2023, and what they feel the Fed’s “stepping down” on interest rate increases means for the bond market.
The Year of the Bond
In our 2023 outlook, the Global Fixed Income team explains why we fervently believe bonds are back and 2023 will be the “Year of the Bond.”
Top 5 Fixed Income Market Insights for 2022: Mid-year Update
We believe fixed income valuations are meaningfully more attractive and yields have greatly improved investors' income profiles.
MacKay’s Global Fixed Income Insights for 2022
2021 saw a transition in fixed income, from economic expansion and easy monetary policy, then to potential tapering and slow stimulus withdrawal.
Global Fixed Income Team - 2022 Outlook
Global Fixed Income Team - 2022 Outlook
Five High Conviction Ideas for a Post-Pandemic World
While the global economy overcame from the COVID-19 downturn, some sectors haven’t regained pre-pandemic levels and offering investors great value.
The Case for a Different Kind of Credit
Securitized credit offers benefits to fixed income investors, including diversification benefits, risk mitigation and portfolio efficiency.
The Year of the Bond
In our 2023 outlook, the Global Fixed Income team explains why we fervently believe bonds are back and 2023 will be the “Year of the Bond.”