MFS Global New Discovery Fund Class A (GLNAX)
MFS Global New Discovery Fund Class A operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $26.05, up 0.04% on the session, giving a market capitalisation of $69.5M. Its beta of 0.94 implies it has historically moved less than the broad market.
The primary objective of this fund is long-term capital growth. It typically allocates its holdings predominantly to equity securities spanning both domestic U.S. and international markets, notably encompassing those in developing nations. Such equity instruments encompass common shares, stakes in Real Estate Investment Trusts (REITs), and other securities representing a direct ownership claim in a company or entity. While MFS generally diversifies the fund's capital across a broad spectrum of industries, economic sectors, countries, and geographical regions, it retains the flexibility to concentrate a substantial portion of its investments within a particular industry, sector, country, or region. MFS implements an active, bottom-up investment strategy for selecting and divesting the fund's holdings.
MFS Global New Discovery Fund Class A is most often compared with the following Financial Services names: