MacKay Municipal Managers (MacKay), the municipal bond team of MacKay Shields, is to employ Artivest’s open-architecture digital platform to bring its alternative solutions to financial advisors and qualified high-net-worth investors.
“Our relative-value, research-driven approach to investing in municipal bonds is designed to bring investors healthy after-tax income over the long term,” says Robert DiMella, CFA and John Loffredo, CFA, Co-Heads of MacKay. “At a time when the present market is dominated by low yields and negative rates, we are glad to work with Artivest to bring advisors and qualified investors a number of sophisticated fixed-income solutions which strive to potentially deliver positive yields, while also maintaining low correlation to other assets and mitigating default risk.”
MacKay seeks to capitalise on opportunities in the municipal bond market, including the mis-pricing of securities, in order to provide income-oriented investors with attractive after-tax total returns. The firm’s portfolios of municipal bonds are overseen by a team of portfolio managers and analysts who possess an average of more than 20 years of investment experience. MacKay’s approach to building portfolios of US tax-exempt and taxable municipal bonds combines a top-down overlay and bottom-up credit research.
“The Artivest Open Network possesses the innovation and accessibility to enable a wide range of high-quality managers to seamlessly offer alternative solutions to the advisory channel,” says Matt Osborne, Chief Investment Officer of Artivest. “MacKay utilises a differentiated approach to municipal fixed income, and we are proud that the firm has chosen our digital platform as the gateway where advisers and qualified investors can incorporate its alternative programs into their portfolios.”
