Titled the MFS Meridian Funds Prudent Capital Fund, it will focus on investing in a range of equities and debt across the globe and be able to allocate a select amount into company bonds and a portion of assets to cash.
Co-managed by Barnaby Weiner and David Cole, the fund aims to mitigate any downside risks by strategically reducing its market exposure.
Lina Medeiros, president of MFS International said: “It’s been almost eight years since we’ve had a significant downturn in the markets. This market cycle, like all cycles before it, will eventually end, and investors will rediscover the importance of capital preservation. We’ll likely see a lower-return environment in the years ahead, which will put added importance on the ability to generate outperformance and manage downside risks.”
MFS manages $425.6bn in assets on behalf of individual and institutional investors around the world
