New York Life Investments will bring additional alternative investment funds into its MainStay Fund lineup via a strategic partnership with CBRE Global Investors. The partnership includes the launch of two mutual funds: the MainStay CBRE Real Estate Fund and the MainStay CBRE Global Infrastructure Fund, both sub-advised by CBRE Clarion Securities.
“As we navigate late-cycle economic conditions, investors are increasingly seeking real assets strategies that offer an attractive combination of income, stability and growth potential over the long term,” said Kirk Lehneis, COO of New York Life Investment Management.
The MainStay CBRE Real Estate Fund invests in REITs, real estate owners, real estate managers, real estate brokers, real estate dealers, and companies with substantial real estate holdings. The MainStay CBRE Global Infrastructure Fund invests in a globally diversified portfolio of securities issued by infrastructure companies.
Pictured: New York Life Investments headquarters in Jersey City.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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