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Allocation tweak pays off
Manage episode 432018475 series 3306907
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This was the first month in some time where the high yield segment of the municipal bond market did not materially outperform investment grade segment.
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MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.
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