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MFS launches equity income fund


MFS Investment Management has launched MFS Equity Income Fund, which invests in equity securities and seeks to generate total return through current income and capital appreciation.

Jonathan W Sage manages the fund.

"With historically low rates on fixed-income securities and bank products – and with investors’ concerns over inflation – income-producing equities take on an increasingly important role in a portfolio seeking to keep pace with or exceed inflation," says William Finnegan (pictured), senior managing director and head of global retail marketing for MFS. "MFS Equity Income Fund extends our capabilities and gives advisors and investors access to a fund that can help their portfolios keep pace with inflation through both capital appreciation and income."

The fund invests primarily in income-producing equity securities. MFS invests the majority of the fund’s assets in dividend-paying common stocks but may invest in other types of income-producing securities, including convertible securities, preferred stocks and Reits and may also invest in non-income-producing securities. MFS applies its Blended Research approach to selecting securities for the fund, combining the firm’s fundamental and quantitative research analysis to help drive security selection.

Sage is an investment officer and a portfolio manager at MFS. He manages Blended Research equity strategies used by the firm’s mutual funds and institutional accounts. He joined MFS in 2000 as a quantitative equity research analyst and was named a portfolio manager in 2005.

The fund is available in multiple share classes (A, B, C, I, R1-R5) and can be purchased through financial advisers and other financial intermediaries at banks, broker/dealers and insurance companies as well as through certain retirement platforms.

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