MFS Managed Wealth Fund - Class A (MNWAX)
MFS Managed Wealth Fund - Class A operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $13.61, up 0.29% on the session, giving a market capitalisation of $35.3M. Its beta of 0.25 implies it has historically moved less than the broad market.
The fund's primary objective is to generate comprehensive total returns. Its strategy involves two key components: first, a deliberate allocation of assets to three specific MFS equity funds, known as underlying funds. Second, it employs a dynamic asset allocation overlay, primarily using derivative financial instruments. This overlay is designed to achieve a dual purpose: to reduce the overall volatility of the fund's returns by moderating its exposure to the equity and/or currency markets inherent in the underlying funds, and to potentially open access to distinct asset classes or market segments where the underlying funds have limited or no presence.
MFS Managed Wealth Fund - Class A is most often compared with the following Financial Services names: