The Muni 360 Podcast from New York Life Investments

Municipal Bonds: Active Management in a Turbulent Market

Episode Summary

Ian France, explains why active portfolio management is key to navigating today’s turbulent markets.

Episode Notes

Welcome back to The Muni 360 Podcast from New York Life Investments. Join us as the seasoned, active investors at MacKay Municipal Managers provide valuable insights into the highly fragmented, complex, and inefficient municipal bond market. 

On today’s episode, director and research analyst for MacKay Municipal Managers, Ian France, joins host Chris Roberti to offer perspectives on the importance of active management in turbulent markets. Chris and Ian breakdown the many reasons why today’s market is lending itself to more active trading and higher portfolio turnover by offering a historical perspective to the changes we are seeing in today’s market and insights into the current municipal credit landscape.

In this episode we discuss:

• The market and Fed rates
• The industry buying/selling patterns. 
• The importance of “owning your own liquidity”
• High yield municipals
• California/New York’s current fundamentals and value going forward. 

Don’t forget to ‘Embrace Change’ and learn all about our Top 5 Municipal Market Insights for 2022!

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Presented by New York Life Investments
www.newyorklifeinvestments.com

MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.