Municipal markets: Will resiliency reign in 2021? – NYL Investments – 1.19.21

Overview:
Title: Municipal markets: Will resiliency reign in 2021?
Date: Tuesday, January 19, 2021
Time: 1:00 PM Eastern Standard Time
Duration: 1 hour

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Summary:

Now On Demand.

While no one could have predicted the coronavirus pandemic and the state of the world in 2020, the proven team at MacKay Municipal Managers was on point with their predictions for the municipal markets last year, anticipating heightened volatility and preparing portfolios accordingly. What can municipal investors expect in 2021? MacKay Municipal Managers, leaders in municipal investing, provide a full discussion about the team’s top 5 municipal market insights for 2021:

  1. Policy: The Biden Administration makes an impact
  2. Stamina: Key sectors withstand the COVID shutdown
  3. Resurrection: Puerto Rico rises while high risk deal bond prices decline
  4. Oasis: Taxable municipal bonds in a global fixed income world
  5. Essentiality: Municipal bonds outlast the headlines

Speakers:
David Dowden David Dowden Managing Director, Portfolio Manager MacKay Municipal Managers

David joined MacKay Shields in 2009. Before joining the firm, he was the Chief Investment Officer at Financial Guaranty Insurance Company. David was previously with Alliance Capital Management as a Senior Portfolio Manager and at Merrill Lynch & Co. as a Municipal Strategist. David has an AB from Brown University and an MBA from Columbia University. He has been in the investment management industry since 1989.
Chris Roberti, CIMA Chris Roberti, CIMA® Managing Director, Senior Client Portfolio Manager MacKay Municipal Managers

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).
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