MFS Global Equity AMWEFX

Morningstar Rating

Fund Research and Analysis

by William Samuel Rocco

Investors seeking fairly reserved global exposure should check out MFS Global Equity.

This world-stock fund did lose an important member of its management team this past spring, when Simon Todd left after serving well as an analyst and a comanager here. Read more

Kudos

Good long-term, risk-adjusted returns.

Experienced management plies a consistent approach. Read more

Risks

Valuation standards--and willingness to go light on hot areas--can cause the fund to lag during extended rallies.

Fees could be lower.

Lost a comanager in early 2009. Read more

Strategy

The MFS team that runs this fund focuses on sustainable growth. It looks for stable, well-positioned companies, mostly from developed markets such as the United States, Western Europe, and Japan. It is disciplined about valuation and will take big bets against the MSCI World Index in terms of stock, sector, and country weightings. Read more

Management

David Mannheim has been at the helm of this fund since 1992. Roger Morley became a comanager on this fund in October 2009. They manage USAA World Growth USAWX as a clone of this fund. They work with Singapore-based Marcus Smith and the other managers on MFS's core equity team. Read more

Inside Scoop

This fund looks a lot like many other world-stock offerings. However, it leans more toward growth than do most of its peers, and it avoids emerging markets. Read more

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