Wiener Barnaby
MFS Investment Management® is pleased to announce that its MFS Prudent Capital Trust is now available to Australian advisors and their clients through the Netwealth platform.
The trust follows a disciplined strategy of investing in both equity and debt instruments of quality businesses, with the flexibility to invest in cash and short-term government securities to seek a total return over a full market cycle. It focuses on capital appreciation with an emphasis on managing downside risk and is not constrained by benchmark, geography or market capitalisation.
Commenting on the launch, Ross Cartwright, Managing Director, Head of Retail, Australia and New Zealand, said, ‘We are pleased to continue our partnership with the Netwealth platform by bringing the MFS Prudent Capital Trust to advisors in Australia. It is a remarkably independent strategy run by exceptional managers.
‘The trust’s focus on a long-term investment horizon, judicious security selection, downside risk mitigation and responsible capital allocation helps it manage through market gyrations. This makes it an ideal investment solution for investors who prioritise long-term total returns,’ he added.
The trust is co-managed by Barnaby Wiener, Edward Dearing and David Cole. Its investment composition is generally in the region of 50% to 90% global equity, 10% to 30% global credit and 0% to 40% cash, cash equivalents and short-term US government securities.
The trust takes a long-term approach using bottom-up security selection that leverages MFS’ integrated global research platform to identify promising equity and credit securities in markets around the globe.
The MFS Prudent Capital Trust joins the MFS Global Equity Trust, the MFS Emerging Markets Equity Trust and the MFS Global Concentrated Equity Trust as platform-listed solutions available on the Netwealth platform.
