MFS brings Global Concentrated Equity fund to market

MFS Investment Management is launching a high conviction Global Concentrated Equity fund. The conc...

MFS Investment Management is launching a high conviction Global Concentrated Equity fund. The concentrated 20 to 35 stock portfolio will hold growth ideas at attractive valuations from across the world. It lowers its risk profile by limiting investment in any one sector to 30% and in any one company to 10%. Up to 25% of the portfolio can be invested in emerging markets and a maximum of 10% can be held in cash for transactional purposes. The vehicle will be benchmarked against the MSCI World Index which it will try to outperform over a full three to five-year market cycle while maintain...