New York Life Investments announced the launch of a strategic partnership with m+ funds, an innovative provider of defined outcome solutions. Through the partnership, New York Life Investments will become the exclusive distributor of m+ funds’ growing suite of defined outcome solutions to the U.S. retail market.
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Using regularly issued m+ funds, investors can adjust their exposure to a broad-based market ETF over a fixed time period to seek enhance upside capture potential, downside protection potential, or both. The strategic partnership will offer New York Life Investment’s clients unique access to a pioneering collection of defined outcome products.
“Amid economic uncertainty and volatility, investors naturally seek avenues to limit downside risk without foregoing potential returns,” said Kirk Lehneis, Chief Operating Officer of New York Life Investment Management. “We are excited to partner with m+ funds to offer our clients innovative, institutional quality defined outcome strategies that empower them to invest in the markets – irrespective of the economic climate.”
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m+ funds offer three distinct categories of strategies: Preservation, Buffered and Growth. Preservation and Buffered m+ funds seek to provide investors with upside exposure to an ETF, but with varying levels of protection in down markets depending on the strategy terms. Growth m+ funds aim to offer more enhanced upside, with no downside protection. All m+ funds are offered under a fiduciary framework, provide full transparency on fees and holdings, contain no corporate credit risk, have efficient tax treatment, and provide daily liquidity at net asset value (NAV).
“When facing pervasive market volatility, investors have limited available options to manage their risk exposures while creating guardrails around their portfolios,” said Oscar Loynaz, founder and CEO of m+ funds. “We are honored to partner with New York Life Investments and their high-caliber, relationship-driven sales and distribution platform to offer and expand upon our defined outcome solutions. These products will put financial advisors and their clients in a position to more effectively navigate market volatility.”
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