MFS launches Global New Discovery Trust in Australia

MFS Investment Management (MFS) has made its Global New Discovery Trust available to Australian investors.

The fund actively invests in global small and mid-cap equities with consistent earnings and durable franchises early in their life cycle.

"Considerable inefficiencies and opportunities reside in the small mid-cap equity sector due to its depth," senior managing director at MFS, Marian Poirier said.

"The MSCI All Country World Small Mid Cap Index comprises 7500 names. Narrow this to 100 securities using a disciplined, repeatable process that draws on the broad capabilities of MFS' integrated global research platform and you have a unique and active portfolio that is distinctly different from the benchmark."

The trust aims to deliver above-average returns relative to the MSCI All Country World Small Mid Cap Index (net return) over a full market cycle (seven to nine years) and has been available to investors in the US since 2011.