Fixed Income
Fixed Income
Featured Resources
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January 5, 2021
Revenue Collections and the Municipal Market
Frances Lewis, MacKay Municipal Managers, explains how revenue collections will impact the municipal market.
May 19, 2020
Spotlight on Muni Bond ETFs
David Dowden, portfolio manager at MacKay Municipal Managers, discusses our actively managed muni bond ETFs and the current muni market.
July 30, 2020
Municipal Market Update with MacKay Municipal Managers
Benefits of insured munis, opportunities in today's market and the importance of active management.
Muni 360 Monthly Report
June 15, 2026
Muni 360 Report
Key strategic themes, current market and performance data, expert commentary on market drivers, and in-depth regional and state-level fiscal and credit insights.
Fixed Income
Perspectives
July 17, 2026
The Market Rewarded Discipline
Eric Kazatsky and Jack Muller explain why discipline, strong technicals, and selective credit drove muni market performance in 2026.
Perspectives
July 14, 2026
Half-Time Assessment
Technicals driving municipal forces. Taking score at half-time. Are there spots the market is mispricing risk?
2026 Municipal Market Mid-Year Insights: Discipline Drives Differentiated Results
MacKay Municipal Managers provide a mid-year status update on their 2026 outlook for the Municipal Markets.
Navigating Volatility with Asymmetric Returns
Convertibles delivered positive performance despite declining equities and rising rates, reinforcing their role as a differentiated allocation in uncertain markets.
War and Peace
Geopolitical risk is rising again as the Iran conflict ripples through energy and supply chains. Emerging markets are showing greater resilience, with performance driven more by country-level fundamentals.
Stay the Course
Fixed income is entering a new phase. Higher yields and increased volatility are improving return potential, with income back at the center of outcomes. See where opportunities are emerging in our 2Q outlook.
Perspectives
Top 5 Muni Market Insights
All Muni Insights
January 12, 2026
2026 Municipal Market Outlook | New York Life Investment Management
MacKay Municipal Managers provide their 2026 outlook for the Municipal Markets.
December 12, 2025
Convertible Fourth Quarter Update And 1Q 2026 Outlook
2025 has been a very good period for the U.S Convertible market. Through the first eleven months of the year, the ICE BofA U.S. Convertible Index is up 18.48%, slightly ahead of the S&P 500’s 17.79% advance but trailing the NASDAQ’s 21.74% gain.
December 12, 2025
Rates, Risk And Reality
Our core view is that income generation (carry) will replace price appreciation as the primary driver of total returns. With inflation settling at a “sticky” 3% and the term premium rising, we are positioning for a “higher-for-longer” paradigm.
December 18, 2025
US High Yield: Strong Fundamentals, Shifting Supply
High yield continues to offer compelling income potential amid stable credit fundamentals and evolving issuance trends—from AI infrastructure to renewed M&A. Explore where we see opportunity in today’s recalibrated market.
December 16, 2025
Emerging Market Debt Q1 2026 Outlook
Emerging Markets enter 2026 on strong footing, supported by Fed easing, resilient commodity prices, and a softer U.S. dollar - factors that continue to underpin EM fixed income.
December 16, 2025
2026 US Outlook: Shifting into Higher Gear
We believe the US economy will regain momentum in 2026, supported by fiscal easing and fading of the trade policy shock.
Key Insights on Multi-Sector Positioning with Neil Moriarty
Neil Moriarty, Co-Head of MacKay's GFI team, shares timely insights on positioning within multi-sector fixed income.
All Muni Insights
More from MMM
July 31, 2025
The Missing Core: Why Taxable Munis Should be a Strategic Allocation - Part 1
MacKay Shields provides insights into the strategic value of taxable municipal bonds as integral to core fixed-income portfolios.
All Muni Insights
More from MMM
July 31, 2025
The Missing Core: Why Taxable Munis Should be a Strategic Allocation - Part 2
MacKay Shields provides insights into the strategic value of taxable municipal bonds as integral to core fixed-income portfolios.
Equities
Equities
Large Cap Growth and the AI Trade
Justin Kelly, CEO and CIO of Winslow Capital Management, provides an update on large cap growth and the landscape surrounding AI
Perspectives
June 2, 2026
Beyond the 'AI' Box
Fiera Capital discusses the evolution of growth equity investing with AI.
The AI Disruption Phase Has Dawned
Winslow Capital discusses the transition into an AI-driven disruption phase and its potential to reshape industries, market leadership, and investment opportunities.
Winslow Capital Quarterly Update
Barry Peters, Managing Director and Client Portfolio Manager at Winslow Capital, provides their Q4 2025 quarterly update.
Ausbil Equity Market Outlook for 2026
Ausbil expects to improve global growth, easing policy and expand AI investment to support earnings.
2026 Global Economic Outlook: Investing in 2026: Prepare for Inflationary Growth
Global growth should firm in 2026 amid fiscal support and AI investment, with sticky inflation reinforcing the need for selective and diversified positioning.
2026 Equity Outlook: Broadening Underway? 6 Equity Ideas for 2026
Wellington anticipates equity leadership to broaden in 2026 as earnings drivers extend beyond mega-cap tech.
Q4 2025 Investment Outlook and Portfolio Strategy
Fiera anticipates a cautious equity environment as inflation stays firm; trade uncertainty lingers and valuations remain stretched.
Large Cap Growth Leadership to Sustain
Winslow expects U.S. Large Cap Growth to stay resilient as innovation and rapid AI adoption continue to support profit margins despite a soft macro backdrop.
The U.S.-China Trade War: What to Expect in 2026
U.S.–China tensions are expected to remain elevated but stable, creating selective opportunities in quality equities and globally diversified portfolios.
A Responsible Path to U.S. Large Cap Growth
Winslow Capital discusses the US large cap growth market and the differentiators driving the market.
Winslow Capital Quarterly Update
Barry Peters, Managing Director at Winslow Capital, provides an update and outlook on large-cap growth.
AI and Valuations
Wellington highlights current equity valuations and the pace of AI investment.
The Index is not a Market
Winslow Capital provides their perspective on the US Large Cap equity market.
Growth In Focus: Equity Insights From Fiera Capital
Fiera Capital provides their Q3 2025 update on equity markets.
Attractive Valuations for International Equities
Fiera Capital discusses why you should consider international equities today.
Multi-Asset
Multi-Asset
Multi-Asset
Perspectives
MACRO PULSE
Mid-Year Outlook: Resilience Remains the Market Story
U.S. fundamentals, AI leadership, and solid earnings keep markets constructive, but persistent inflation and elevated rates make the path forward narrower and more dependent on profitable leaders.
New Dynamics: An Investment Playbook for 2026
Candriam expects 2026 to be shaped by rapid innovation, geopolitical fragmentation, and diverging regional growth.
Alternatives
Alternatives
Alternatives
Perspectives
July 7, 2026
Powering AI in an Age of Anxiety
CBRE discusses the rapid expansion of AI data centers and the opportunity in utilities and infrastructure.
VCRIX Q1 2026 Update
Jeremy Anagnos, CIO, Lead Portfolio Manager at CBRE Investment Management provides the VCRIX Q1 2026 update.
VCRIX Q4 2025 Update
Jeremy Anagnos, CIO, Lead Portfolio Manager at CBRE Investment Management provides the VCRIX Q4 2025 update.
Rising Above a Wall of Worry
Listed infrastructure is positioned to provide income stability and growth potential in 2026.
VCRIX Q3 2025 Update
Jeremy Anagnos, CIO, Lead Portfolio Manager at CBRE Investment Management provides the VCRIX Q3 2025 update.
Infrastructure: At the Center of AI Growth
Listed infrastructure has become a key beneficiary of 2025’s market drivers: AI buildout, rising U.S. power demand, supportive policies, and shifting rate expectations.