Two new funds have been launched by MFS Investment Management.
MFS Meridian Funds – U.S. Equity Income Fund and MFS Meridian Funds – Global Equity Income Fund, are both domiciled in Luxembourg and seek total return through a combination of current income and capital appreciation.
President of MFS International Lina Medeiros said: “We are committed to bringing high-quality offerings to our clients. Equity income funds are attractive for many investors, not just those who are looking for income, but also growth investors who want to reinvest the income for capital appreciation over the long term.”
Lead portfolio manager is Jonathan Sage, supported by portfolio managers Jim Fallon, Matt Krummell and Jed Stocks and institutional portfolio managers Dino Davis and Jeff McGrew.
“’This approach offers a unique source of risk-adjusted return,” said Sage. “It is designed to capture the benefits of both quantitative strategies, which have historically performed well in trending markets, and fundamental strategies, which have performed better in more challenging, volatile markets. A combination of both creates something that behaves significantly differently and has the potential to provide greater returns.”