The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:New MFS Fund Adds Twist on Other Target Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 06, 2006

New MFS Fund Adds Twist on Other Target Funds

by: Sean Hanna, Editor in Chief

Merger rumors are not stopping MFS Investment Management from adding to its fund lineup. The Boston-based fund manager launched a tactical target asset allocation fund this week. Unlike most target date asset allocation funds, the portfolio managers of the new offering will tweak the fund's portfolio based on market conditions.

The MFS Diversified Income Fund is one of a growing number of what are best known as life cycle funds. While life cycle funds have been among the top selling products in the fund industry for the past few years, the increasing number of offerings is making it more difficult for products to stand out.

Robert J. Manning, CEO and chief investment officer of MFS, called the investment strategy used in the fund "highly distinctive" and noted that it combines income generation with a growth component that seeks to lessen inflation's effects on purchasing power.

MFS' fund will differ from many in that it will reallocate its assets among five asset classes based on the outlook for each. James Swanson, MFS' chief investment strategist and head of the firm's quantitative group, will be responsible for determing the target weighting for the fund.

The five asset classes used by the fund will include high yield bonds, government securities, real estate investment trusts (REITs), U.S. value stocks and emerging markets debt. Sun Capital Advisors will act as the subadvisor on the REIT component of the fund.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use