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| Large Caps. Big Opportunities. |
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Domestic and international large-cap stocks have long been considered key building blocks within a well-diversified portfolio. They are especially attractive in today's market, and provide big opportunities for long-term growth. MainStay has an array of large-cap investment solutions to help meet your investing needs. Learn more below.
Why Large Caps?
Performance Moves in Cycles
Small-cap stocks have outperformed large-cap stocks for the past six years—the longest such stretch in 27 years—suggesting that large-cap stocks may soon regain their leading market position.
Valuations are Attractive
Large-cap stock valuations are generally lower than small-cap stock valuations over time. However, large-cap valuations relative to small caps are close to historically low levels - suggesting that large-cap stocks may be attractive.
Economic Conditions Favor Large-Cap Equity Securities
During periods of slowing economic growth, investors may find opportunity in stocks with these characteristics:
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Sustainable earnings |
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Seasoned management |
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Proven business models |
And with valuations at their lowest point in over a decade, and near their long-term average, large-cap stocks appear to offer an attractive investment opportunity. Of course, past performance doesn't guarantee future results.
Why MainStay?
MainStay Has Your Large-Cap Equity Solutions
MainStay is a division of a top institutional money manager that has over $225 billion in assets and is ranked among the top 40 managers in the world.4 We are part of the New York Life family known for its long history of integrity and strong company values. 
Before You Invest
Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Mid-capitalization companies are generally less established and their stocks may be more volatile and less liquid than the securities of larger companies. Stocks of small companies may be subject to higher price volatility, significantly lower trading volumes, and greater spreads between bid and ask prices, than stocks of larger companies. Small companies may be more vulnerable to adverse business or market developments than mid- or large-capitalization companies. MainStay MAP Fund invests in convertible securities. Issuers of convertible securities may not be as financially strong as those issuing securities with higher credit ratings and are more vulnerable to changes in the economy. The Funds may invest in derivatives, which may increase the volatility of the Funds' net asset values and may result in a loss to the Funds. The Funds may experience a portfolio turnover rate of over 100% and may generate short-term capital gains which are taxable. MainStay ICAP Select Equity Fund is nondiversified. By concentrating in a smaller number of investments, the Fund's risk is increased because each investment has a greater effect on the Fund's performance.
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