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MBACX

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1d
1w
1m

Analysis and statistics

  • Open
    30.924$
  • Previous Close
    30.924$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

MBACX.US represents the MainStay CBRE Global Infrastructure Megatrends Fund Class A. This is a mutual fund managed by MainStay Funds, in collaboration with CBRE Investment Management, that invests primarily in equity securities of companies globally that are expected to benefit from infrastructure megatrends. These megatrends typically encompass areas like renewable energy, digital infrastructure, transportation, and water management. The fund's objective is to seek long-term capital appreciation, and it does so by focusing on companies involved in the development, ownership, and operation of infrastructure assets. The ".US" suffix generally indicates that the fund is traded or available within the United States.
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Factors

Interest Rates: Rising interest rates generally decrease MBACX's value, as mortgage-backed securities become less attractive compared to newer, higher-yielding investments. Conversely, falling rates tend to increase its price.

Prepayment Risk: Homeowners refinancing or paying off mortgages early reduces the principal outstanding on the underlying mortgages, impacting MBACX's income stream and potentially lowering its price.

Economic Growth: A strong economy typically leads to higher interest rates and increased prepayment activity, which can negatively affect MBACX. Weaker economic conditions may have the opposite effect.

Credit Quality: Perceived or actual deterioration in the creditworthiness of the underlying mortgages (increased default risk) lowers MBACX's value.

Inflation: Higher inflation usually leads to higher interest rates, decreasing MBACX's appeal. Lower inflation can have the opposite effect.

Market Sentiment: General investor confidence or fear impacts demand for MBACX, influencing its price regardless of fundamental factors.

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