MacKay Shields
Contact Us
Strategies
Strategies Overview
  • Municipals
  • High Yield
  • Multi-Sector Fixed Income
  • Investment Grade Credit
  • High Yield Active Core
  • Global High Yield​
  • Convertibles
  • Structured Products
  • International Equity
MacKay Strategies

Philosophy & Process

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

Learn More
Insights
Insights Overview
  • Perspectives
  • Events and Webcasts
  • Podcasts
  • Fact Sheets
  • Product Profiles
  • Staff Spotlights
MacKay Insights

Understanding Taxable Municipal Bonds

MacKay Municipal ManagersTM team takes us back to the basics in the growing asset class.

Learn More
Responsibility
Responsibility Overview
  • Responsible Investing
  • Corporate Responsibility
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.

Learn More
Who We Are
Who We Are Overview
  • Our Values
  • Our Leadership
  • Our Investment Teams
  • Careers
  • In the Community
  • News
who we are megamenu

Purpose Driven + Performance Led

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

Learn More
Contact Us


MacKay Shields Global Fixed Income 

We believe the return profile for most fixed income instruments is typically asymmetrical, and therefore, we seek strong risk-adjusted returns by avoiding uncompensated risk. 

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

Global Fixed Income Strategies

          

STRATEGY
SEPARATE ACCOUNT
PRIVATE VEHICLES
COLLECTIVE INVESTMENT TRUST
MUTUAL FUND
ETF
FACT SHEET
STRATEGY PROFILE
MULTI-SECTOR FIXED INCOME

Core

 1

1

1

1
1
1

1
1

Core Plus

 1

1

1

1

1

1

1
1

Core Plus Opportunities

 1

1

1

1
1
1

1

1

Crossover

 1

1
1
1
1
1
1
1

Intermediate

 1

1
1
1
1
1

1
1

Short Duration

 1

1
1
1
1
1
1
1

Strategic Bond

 1

1
1

1

1
1

1

1
STRUCTURED PRODUCTS

Structured Product Opportunities

 1

1

1
1
1
1

1
1

Structured Product Total Return

 1

1
1
1
1
1

1
1

          

          

Global Fixed Income Team

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.  

Meet the Team
Global Fixed Income Team

          

          

“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

3 MIN VIDEO
JANUARY 6, 2023
Return of the Bond
Neil Moriarty, Co-Head of Global Fixed Income, 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.
5 MIN READ
December 8, 2022
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.”
4 MIN READ
July 31, 2022
Top 5 Fixed Income Market Insights for 2022: Mid-year Update
We believe fixed income valuations are meaningfully more attractive and current yields have greatly improved the income profiles for investors.
6 MIN PODCAST
May 6, 2022
Post FOMC Roundup - Clarity from the Fed…For Now
In this Post-FOMC Roundup, we discuss the Fed’s forward guidance for the next few months and what it could mean for financial markets. Listen for more insights.
6 MIN READ
January 19, 2022
MacKay’s Global Fixed Income Insights for 2022
2021 proved to be a year of transition in fixed income, starting with the early stages of an economic expansion and easy monetary policy before moving to potential accelerated tapering and the slow withdrawal of unprecedented stimulus to the economy.
5 MIN VIDEO
DECEMBER 14, 2021
Global Fixed Income Team - 2022 Outlook
Global Fixed Income Team - 2022 Outlook
Five Conviction Ideas for the Post-Pandemic 5 MIN READ
October 21, 2021
Five High Conviction Ideas for a Post-Pandemic World
While the broad global economy has bounced back from the worst of the COVID-19 downturn, some badly hit sectors and industries haven’t regained pre-pandemic levels and continue to trade at discounts, offering investors what we believe is compelling value.
5 MIN READ
October 15, 2021
The Case for a Different Kind of Credit
Securitized credit can offer important benefits to fixed income investors, including diversification benefits, downside risk mitigation and portfolio efficiency.
5 MIN READ
December 8, 2022
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.”
MACKAY SHIELDS OFFICES MACKAY SHIELDS OFFICES

Dublin
London
Los Angeles
Princeton
New York

  • New York Life Insurance Company
  • New York Life Investments
  
CONNECT WITH US
LinkedIn Twitter YouTube Icon

SUBSCRIBE

Sign up to get the latest on ideas and insights that matter most to you.
  • ©2023 MacKay Shields An affiliate of New York Life Investment Management LLC
  • Terms of Use
  • Form ADV 3
  • Privacy Notices
  • Regulatory Disclosures
  • Responsible Investing Policies

How We Use Cookies

MacKay Shields uses cookies to personalize and improve your site experience and provide you with information about products and services tailored to your interests. When selecting ‘Accept and Continue’ you accept all categories of cookies.

 

For more information about the types of cookies we use and how you can disable certain cookies, please visit our “Online Privacy Policy” which can be found under “Privacy and Other Policies". Please be aware that certain types of cookies are necessary to browse our website and therefore cannot be disabled. These necessary cookies do not collect any personal information about you.

You are now leaving the MacKay Shields Web Site. You assume total responsibility and risk for your use of the site(s) to which you are linking.

The information being provided is strictly as a courtesy. When you link to any of the web sites provided herewith, you are leaving this site. Neither the Company, MacKay Shields nor any of its subsidiaries, make any representations as to the completeness or accuracy of information that is provided at these sites. Nor are they liable for any direct or indirect technical or systems issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site.

Cancel Continue