MFS today launched two low-volatility mutual funds, the MFS Low Volatility Equity Fund (MLVAX) and the MFS Low Volatility Global Equity Fund (MVGAX).
The funds seek capital appreciation with reduced volatility relative to their respective benchmark indices, the Standard & Poor's 500 Index and the MSCI All Country World Index.
Each fund seeks to achieve lower levels of volatility than its benchmark through individual stock selection, through the elimination of many of the most volatile stocks from their investment universes, and through a disciplined portfolio construction process, according to the firm.
James Fallon and Matthew Krummell manage the MFS Low Volatility Equity Fund. Fallon joined MFS in 1999 and became an equity quantitative analyst in 2001. He has been managing domestic and international quantitative portfolios since 2007, says MFS. Krummell joined MFS in 2001 as a quantitative equity research analyst and has managed client portfolios since then.
Jonathan Sage will join Fallon on the MFS Low Volatility Global Equity Fund. Sage joined MFS in 2000 as a quantitative equity research analyst and was named a portfolio manager in 2005.
The funds are available for purchase in multiple share classes (A, B, C, I, R1–R5) through financial advisors, financial planners, broker/dealers and other financial intermediaries and retirement platforms, says MFS.