MFS Global Equity Trust
About this Fund
|FUND MANAGER||MFS Investment Management|
|ASSET CLASS||GLOBAL EQUITIES|
|INVESTMENT STYLE||The Trust aims to seek capital appreciation over the long term by investing in a diversified portfolio of global shares.|
|INVESTMENT PROFILE||The Trust aims to outperform its benchmark over a full market cycle before taking into account fees and expenses.|
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||MSCI World Index (with net dividends reinvested before fees) measured in AUD|
|FUND SIZE||MSCI World Index (with net dividends reinvested before fees) measured in AUD|
|NO. OF HOLDINGS|
Benefits of Investing in the MFS Global Equity Trust
There is a risk investors may lose some or all of their initial investment. Higher risk investments tend to fluctuate in the short term but can produce higher returns than lower risk investments over the long term.
The Trust is designed for investors seeking the potential for capital appreciation over the longer term by investing in a diversified portfolio of global shares (unhedged).
An investment in the Trust provides the benefits of professional research and management, diversification and liquidity.
MFS has a strong collaborative approach to building better insights for clients. These insights are derived from three guiding principles - integrated research, global collaboration, and active risk management.
The firm believes the application of these principles and the combined insights across fundamental equity, quantitative and credit perspectives is what enables it to deliver sustainable, long-term returns for clients.
The firm's key competitive advantage is its team-based, collaborative culture. Strong firm culture develops through years of experience and through the collective contributions of the people who enjoy working for the organisation. MFS believes this culture is a catalyst for its results and distinguishes it from its competitors.
The Trust aims to seek capital appreciation over the longer term by investing in a diversified portfolio of global shares and aims to outperform its Benchmark over a full market cycle, before taking into account fees and expenses.
Investment style and approach
Companies with sustainable above-average growth and returns, and whose prospects are not reflected in their valuation, will outperform over the long run. The value of compounding high returns on capital and above-average growth rates over long time periods is often underestimated by the market. Through fundamental analysis, MFS seeks to identify enduring businesses, focusing on operational risks and the long-term potential for change. MFS considers whether the valuation reflects the long-term growth and returns of the company, and to what extent it adequately incorporates risk.
Currency Hedging is rare and usually only undertaken for defensive purposes and as a part of the security selection process. Therefore, the Trust does not systematically employ currency management techniques and is thus considered to be "unhedged.
How we invest your money
In selecting investments for the Trust, MFS is not constrained by any particular investment style. MFS may invest the Trust's assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies. MFS uses an active bottom-up investment approach to buying and selling investments for the Trust. Investments are selected primarily based on fundamental analysis of individual issuers and their potential in light of their financial condition, and market, economic, political, and regulatory conditions. Factors considered may include analysis of an issuer's earnings, cash flows, competitive position, and management ability.
The Trust invests primarily in common stock and related securities of US and non-US issuers. The Trust will not invest in issuers that MFS believes are principally engaged in the manufacturing of tobacco products. The Trust may invest in issuers located in Emerging Markets countries (as defined by MFS). The Trust may utilise Derivatives as a routine means to accomplish exposures to various equities or markets.