As fixed income investors look for ways to diversify their bond portfolios, many look to opportunities within the municipal bond space.
On the upcoming webcast, Top 5 Municipal Market Insights, David Dowden, Managing Director, Portfolio Manager, MacKay Municipal Managers, and Maria Rahni, ETF Product Manager, New York Life Investments, will review the municipal bond landscape, identify strategies to incorporate munis into a fixed-income portfolio, and the advantages of an ETF vehicle in the muni space.
While bond investors may still need a stable source of income-generating ideas, investors will have to look out for a rising interest rate environment and consider the risks in a prolonged bull market environment.
Consequently, investors may turn to alternative fixed-income ideas, such as the MacKay Shields Municipal Intermediate ETF (NYSE Arca: MMIT) and the IQ MacKay Shields Municipal Insured ETF (NYSE Arca: MMIN). The two actively managed muni bond strategies could better help investors navigate changing market conditions. MMIT invests primarily in investment grade municipal bonds. MMIN principally invests in investment-grade municipal bonds covered by an insurance policy guaranteeing the payment of principal and interest.
Both funds are actively managed by subadvisor MacKay Municipal Managers of MacKay Shields LLC, an award-winning investment team that collectively has over 50 years of investment experience and managed municipal strategies together for over 20 years. They are supported by an experienced investment team that provides expertise across all facets of the municipal market.
MMIT seeks current income exempt from federal income tax. The ETF invests primarily in investment grade municipal bonds and will also seek to enhance total return potential through the subadvisor’s active management approach.
MMIN also seeks current income exempt from federal income tax. Additionally, the ETF principally invests in investment-grade municipal bonds covered by an insurance policy guaranteeing the payment of principal and interest, and will seek to enhance total return potential through the subadvisor’s active management approach.
Financial advisors who are interested in learning more about munis market strategies can register for the Thursday, April 25 webcast here.