Generate Income in an Uncertain Environment – New York Life Investments – 10.7.19

Summary:

Now On Demand.

Today’s fixed-income market presents a challenge to bond investors. Rates are low and likely going lower, reducing the income investors have become accustomed to receiving. Additionally, we are late in an economic cycle and fears of a recession have investors wondering about companies’ overall fiscal health and if downgrades and defaults are in our future. In this educational CE approved webcast, we will discuss strategies that seek to enhance yield and manage volatility, including:

• The case for insured municipal bonds to add an additional layer of risk management to investments seeking tax-free income
• Accessing the next generation of core bond exposure with taxable municipal bonds
• How short-duration high yield bonds can deliver lower volatility exposure to higher-yielding bonds
• Why dividend-paying equities that utilize a shareholder yield strategy make sense in today’s environment
• Portfolio implementation of these strategies

Moderator:

Adam Schrier is a Director of Product Management at New York Life Investments, covering fixed-income strategies with a focus on non-investment grade debt. Previously, he worked as a Product Manager for high yield and emerging market debt at Invesco in New York.

Adam began his career in investment management at Morgan Stanley Investment Management where he was a Senior Associate on the Portfolio Manager Support team. Adam earned an MBA from the Stern School of Business at NYU and a BA in Economics from Rutgers University. He is a CFA charterholder and certified FRM.

Speakers:

Chris joined MacKay Municipal Managers in May 2011, and leads the MacKay Municipal Managers’ national account relationships while also serving as Senior Client Portfolio Manager. Prior to joining, Chris was Senior Director with TIAA-CREF Asset Management focusing on business development and sales of investment products through institutions within the academic, medical, and research community. From 1991 to 2006, Chris worked with Merrill Lynch, most recently as Director and Head of National Accounts within the asset management division, overseeing relationship management and building new lines of distribution through the broker-dealer community.

Chris has a BA from Rutgers University, is a Certified Investment Management Analyst (CIMA®), and member of The Investment Management Consultants Association (IMCA).

James is the Head of the Portfolio Specialists Group. James joined MacKay Shields in 2002 and is responsible for the development and distribution of the firm’s third-party asset management capabilities including retail mutual funds and sub-advisory assignments.

Prior to joining MacKay Shields, James was a Vice President/Product Specialist in the private client group at Jennison Associates, a subsidiary of Prudential Global Asset Management. He was also a Vice President at Bear Stearns & Co. Inc., and earlier in his career James was with Kidder, Peabody & Co. Inc., as well as Shearson Lehman Brothers.

James received a B.S./B.A. from the New York Institute of Technology and has been in the investment management industry since 1987.

Tom is a client portfolio manager for Shareholder Yield strategies. Prior to joining Epoch in 2019, Tom was a senior client portfolio manager at TIAA Investments where he was responsible for covering domestic, global and international equity strategies. Before TIAA Investments, Tom was a global equity product specialist at Deutsche Asset Management. Previously, he held consultant relations, sales, product management and client service positions at Deutsche Asset Management, AllianceBernstein, Prudential, and Putnam Investments.

Tom holds a BA from Purdue University and an MBA from Cornell University.