NEW YORK and PRINCETON, N.J., Oct. 11, 2018 /PRNewswire/ -- New York Life Investments today launched its "Muni 360 platform", featuring insights from MacKay Municipal Managers ™, the municipal bond team of fixed income and equity investment management firm MacKay Shields LLC. "Muni360" is an educational platform designed to provide the investment community with access to data and insights on the complex municipal bond market.
Now, for the first time, investors can access extensive content on the tax-free bond market, regional commentary, state profiles with interactive maps, asset allocation guides, and monthly municipal market updates, all in one, single, dedicated microsite.
John Loffredo and Robert DiMella, co-heads of MacKay Municipal Managers added:
"We see Muni360 as an extremely useful resource for investors, as it provides an extensive profile at the regional and state-level and further illustrates the nuances of the municipal market that lends itself well to an active management approach. We look forward to bringing our insights to investors in this new forum and discussing with them the latest investment opportunities in the market."
About New York Life
New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. Headquartered in New York City, New York Life's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies**.
*Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/1/18. For methodology, please see http://fortune.com/fortune500/
**Individual independent rating agency commentary as of 7/30/2018: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+)
About MacKay Shields LLC
MacKay Shields LLC ("MacKay") is an indirect wholly-owned subsidiary of New York Life Insurance Company and a wholly-owned subsidiary of New York Life Investment Management Holdings LLC. MacKay is a fixed-income and equity investment management firm with $114.2 billion in assets under management as of August 31, 2018. MacKay manages fixed income and equity strategies for institutional clients, mutual funds, and high-net worth individuals.
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New York Life Insurance Company
This material is distributed for informational purposes only and is not intended to constitute the giving of advice or the making of a recommendation. The investments or strategies presented are not appropriate for every investor and do not take into account the investment objectives or financial needs of particular investors. An investor should review with its financial advisors the terms and conditions and risks involved with specific products or services and consider this information in the context of its personal risk tolerance and investment goals. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product.
New York Life Investments engages the services of MacKay Shields LLC, an affiliated, federally registered advisor, to subadvise several Funds. New York Life Investments is a service mark and name under which New York Life Investment Management LLC does business. New York Life Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. The MainStay Funds® are managed by New York Life Investment Management LLC and distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC.
SOURCE MacKay Shields LLC