MacKay Shields High Yield

We utilize a bottom-up, value-oriented approach with an objective to outperform the market over the long-term through superior credit selection, while mitigating downside risk. 

Overview

Our team has a pure focus on high yield securities, with a consistently applied investment process. Given the asymmetric risk/return profile of investing in high yield, we have a long-term outlook, paying constant attention to risk versus reward and downside risk mitigation.

Strategies

STRATEGY

SEPARATE ACCOUNT

COLLECTIVE INVESTMENT TRUST

MUTUAL FUND

UCITS

FACT SHEET

High Yield

Low Volatility (Short Duration) High Yield

Bank Loans

“Our investment process keeps us disciplined. We focus on those high yield bonds which our research shows have a sufficient margin of safety.” — Maureen O'Callaghan, Portfolio Manager and Analyst

Insights

MacKay Moments - High Yield's Resiliency: Leverage and Interest Coverage

As we assess the current high yield market, a key development stands out – its resiliency, even amidst a potential market slowdown. View our latest MacKay Moment for more.

4 MIN READ

July 12, 2023

High Yield Mid-Year Outlook

Stable fundamentals and reasonable valuations suggest that U.S. high yield market is better positioned than most fixed income asset classes due to its higher spreads, bigger coupons and shorter maturities.

3 MIN READ

June 26, 2023

The Case For a Strategic Allocation to High Yield

We believe the reset in fixed income prices provides a potentially unique opportunity for investors to de-risk their portfolios and benefit from lower expected volatility.

30 MIN REPLAY

June 27, 2023

Using High Yield As An Equity Substitute to De-Risk Client Portfolios

In their past webinar, Joseph Maietta, CFA, Client Portfolio Manager and Craig Mepham, Head of Consultant Relations discussed improvements in the high yield market, fundamentals and valuations, and relative performance against equities.