MFS Launches Global New Discovery Fund for Early-Stage Small-Cap Stocks
MFS Investment Management has launched the MFS Meridian Global New Discovery Fund. The fund, managed by a team in London and Boston, invests globally in the stocks of small and mid-sized companies at their early stages.
The fund's primary goal is to outperform the MSCI All Country World Small Mid Cap Index (Net Return). It seeks to achieve this by focusing on long-term opportunities in the small- and mid-cap sectors, as stated by Matt Weisser, Managing Director for Europe at MFS.
The fund's portfolio is managed by a team of experienced professionals. Peter Fruzzetti and Sandheep Mehta are based in London, while Eric Braz and Michael Grossman operate from Boston. Despite its global focus, specific details about the companies invested in by the fund since its founding are not yet available.
The MFS Meridian Global New Discovery Fund, managed by a skilled team across two continents, aims to provide substantial returns by investing in the early stages of promising small and mid-sized companies worldwide.
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