MFS Investment Management has launched a global equity fund investing in small- and mid-cap stocks at "compelling valuations" with long-term capital appreciation potential.
MFS Meridian Funds - Global New Discovery is an extension of an existing MFS strategy available in the US since 2011 and aims to deliver above average returns relative to the MSCI All Country World Small Mid Cap index over a full market cycle. The portfolio had 115 holdings diversified across 20 countries and 40 industries as of 30 September 2020. Investors are charged a total expense ratio ranging from 0.85% to 0.95% depending on share class. Why airlines are 'attractive value opportunities' The fund will be co-managed by Peter Fruzzetti and Sandheep Mehta, based in London, and Er...
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