MFS Investment Management has launched MFS Meridian fund - Global Intrinsic Value fund. The fund is jointly managed by portfolio managers Benjamin Stone and Pablo de la Mata.
This new fund seeks out companies believed to be undervalued relative to their intrinsic value. It invests in equity securities of companies of any size domiciled in developed markets, with the option of also investing in emerging market companies.
Matt Weisser, managing director and head of European Wholesale Distribution at MFS Investment Management, said: "As investors prepare for uncertain times ahead, we believe that a relentless focus on intrinsic value is an investment approach well-suited to managing clients' capital and generating alpha over the long."
As Sicav structured MFS Meridian fund - Global Intrinsic Value fund is domiciled in Luxembourg and regulated by the Luxembourg supervisory authorities. It is also registered in 17 European countries.