Skip to Content
Fund Spy

MFS' Collaborative Culture

Teamwork defines this venerable, Boston-based fund firm.

Mentioned: , , , , , , , , ,

MFS is the country's oldest mutual fund company, approaching 90 years old. Many of its positive attributes have endured, including a senior-management team plucked from the investment-research ranks, a commitment to active management and investment research, and for the past several decades, a collaborative, team-oriented culture. It continues to run the oldest mutual fund,  MFS Massachusetts Investors Trust (MITTX), as a core-oriented equity fund.

There has been some evolution. Once primarily a U.S.-focused investment organization, MFS now has more assets in international-equity mandates. One of its value strategies, represented by separate accounts and  MFS Value (MEIAX), has grown to be the firm's largest single strategy as investors have recognized its strong long-term record. Much of the firm's asset growth over the past three years has come from the institutional side, as opposed to the financial-intermediary channel, where MFS had always focused (though the industry is blurring those lines). For the first time, MFS now has more money invested through institutional accounts than it does in its lineup of mutual funds. Assets under management total more than $300 billion, with mutual fund assets making up roughly $90 billion of that.

Bridget B. Hughes does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.