3Q11  

Product Spotlight
ICAP Spotlight
New Thought Leadership from Epoch's Bill Priest

Important Announcements
2011 Capital Gains Estimates

New & Notable
ICAP Select Equity Morningstary Category Update

Economic and Market Outlook
Third Quarter Market Outlook

Your Relationship Team
Bill Higgins
Director, Eastern Region
610-639-6333
 
Tom Smythe
Director, Western Region
720-570-2829
 
Jeff Budd
Vice President
973-394-4374
 
 
 

Product Spotlight
ICAP Spotlight
 
Value Investing has been a strategy employed for decades by investors who are seeking to purchase stocks at a discount to what they believe the stock will be worth in the future. But no all value strategies are the same.
 
To find out how ICAP's Value Investing Strategy differentiates them from others and defines them as a leader in this space, or for information on MainStay's ICAP Funds, click on the following links:
 

New Thought Leadership from Epoch's Bill Priest

Please find below a link to a new thought leadership whitepaper from Bill Priest, CEO & Co-CIO of Epoch Investment Partners, "Dividends: Beautiful, and Sometimes Dangerous ". In this paper, Bill explores the complex nature of dividends and the strategy Epoch uses to capitalize on companies that pay them. Despite the allure dividends offer investors, blindly chasing dividends is a poor strategy. Epoch's in-depth research and analysis help the team identify which large, dividend-paying, global companies are poised to do well in the current market and the shareholder yield investors are seeking.

Click here to download a copy of the paper.
Important Announcements
2011 Capital Gains Estimates
 
For your convenience, attached, please find a summary of capital gains estimates which are expected to be paid on MainStay Funds in December of 2011.

Click here to download a copy of the 2011 Capital Gains Estimates. 

Note: These figures represent estimates as of 10/31/11 and are subject top change based on portfolio, market, shareholder activity, and tax adjustments. Actual distributions will be based on shares outstanding as of the record date. In addition, there is a possibility that funds not listed could be eligible to pay a capital gains distribution. This information is NOT FINAL and is subject to change until the ex-dividend date.
 
New & Notable
ICAP Select Equity Morningstary Category Update
 
Morningstar has decided to move MainStay ICAP Select Equity Fund back to the Large Value category effective 10/31/11. The Fund has moved back to Large Value after being in Large Blend for only one month, which highlights the importance of understanding ICAP's value discipline. While third-party data providers may change the categorization of the Fund based on their style-metrics, ICAP's style of investing has NOT changed and its approach has been consistently applied since 1970.
Fund Center

One-stop shopping for updates on popular MainStay Funds. Click on the links below:
 
Quarterly Attribution & Commentaries:
MainStay ICAP International                       
MainStay Large Cap Growth           
 
For updates on all of our funds and to download fact sheets, please visit our web site at mainstayinvestments.com/dcio or simply click here.
 
Economic and Market Outlook
Third Quarter Market Outlook
 
Click here to view MainStay's Third quarter market and economic outlook.
 
 
Published by MainStay Investments
Copyright © 2011 MainStay Investments. which is a subsidiary of New York Life Insurance Company. All rights reserved.
 FOR REGISTERED REPRESENTATIVE USE ONLY. DO NOT DISTRIBUTE TO THE GENERAL PUBLIC. MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. Securities distributed by NYLIFE Distributors LLC, 169 Lackawanna Avenue,Parsippany, NJ 07054.
Powered by IMN™