MutualFundWire.com: Dupre Unveils a $662B-AUM AM's 3rd Quant-Fundamental ETF

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Friday, March 6, 2026

Dupre Unveils a $662B-AUM AM's 3rd Quant-Fundamental ETF

The team at a $661.8-billion-AUM* Canadian multinational's U.S. asset manager are rolling out their ninth exchange-traded fund, expanding their fundamental-quantitative blend ETF lineup to three funds and counting.

Emily Elizabeth Dupre (nee Doherty)
MFS Investment Management
Senior Managing Director, National Sales Manager

Yesterday (March 5), Emily Dupre, national sales manager for Sun Life's Massachusetts Financial Services Company (MFS [profile]), unveiled the launch of the MFS Blended Research Emerging Markets Equity ETF (BREE on the NYSE). Boston-based MFS serves as investment advisor and administrator to the new ETF.

BREE's fund commencement date was yesterday. The new fund comes with an expense ratio of 44 basis points, and it now has about $13 million in AUM**.

A six-person portfolio manager team, led by Jed Stocks, powers BREE. The new ETF's other PMs include:

Nathan Bryant;

Jim Fallon;

Jonathan Sage;

Jenney Zhang; and

Matt Krummell.

(However, BREE's prospectus notes that Krummell has announced plans to retire next year, on April 7, 2027.)

The launch of BREE comes less than five months after the debut of MFS' first two "blended research" ETFs, BRCE and BRIE, which have since grown to $29 million and $136 million in AUM** each, respectively. Fallon, Krummell, Sage, and Stocks also PM BRIE and BRCE.

"This new ETF — our third in the Blended Research style — harnesses insights from both our fundamental and quantitative research teams, demonstrating the breadth and depth of our Global Investment Platform," Dupre states. "We are pleased by the strong reception MFS' active ETFs have received, with assets under management surpassing $1.7 billion to date across the existing eight ETFs. The addition of BREE continues our strategy of bringing broad access to large investable areas of the market to investors through our ETF line."

BREE is an actively managed series of MFS Active Exchange Traded Funds Trust. The new ETF's other service providers include:

Ernst & Young LLP as independent accounting firm;

MFS subsidiary MFS Fund Distributors, Inc. (MFD) as distributor;

Ropes & Gray LLP as counsel; and

State Street Bank and Trust Company as custodian, dividend disbursing agent, and transfer agent.