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MFS clones US fund

MFS has established the MFS US growth equity fund, an Oeic that invests in US companies with good growth prospects.

The fund will be a clone of an existing fund run from Boston by Irfan Ali and Peggy Adams since 1996. It will invest in a portfolio of around 107 stocks and will encompass companies of all sizes. Sectors include financial services, technology, healthcare, leisure and business services.

The fund managers will rely on research produced by a team of analysts who are responsible for two or three industrial sectors. These analysts look at documents such as financial statements and also hold face-to-face meetings with companies, their competitors and their customers. Stocks are selected on their individual merits and the initial holdings will include American International Group, Microsoft and Linear Technology.

The US has been hit by recession, tumbling share prices and terrorism in recent months, which has had a knock-on effect around the globe. The uncertainty is starting to give way to encouraging signs such as a rally technology stocks, but it is still too early to predict a recovery in the latter half of 2002.

The US growth equity fund will be managed quite aggressively compared to some general US equity funds and this makes it suitable for investors who are prepared to take higher risks.

According to Standard & Poor&#39s, the MFS Funds US strategic growth fund is ranked 195 out of 214 funds based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to January 1, 2002.


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In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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