MFS Investment Management has expanded its active ETF lineup with the launch of two new equity strategies: the MFS Active International Value ETF (MIVL) and the MFS Blended Research Small-Mid Cap ETF (BRSM). Both vehicles began trading on NYSE Arca, bringing the number of active ETFs available on the asset manager’s platform to eleven.
The firm is thus continuing to strengthen its commitment to the active ETF format, a business line that has gained prominence within the U.S. asset management industry and has become one of the main growth areas for many traditional asset managers.
The MFS Active International Value ETF is designed to invest in international companies following a value-oriented approach based on fundamental analysis. The strategy uses a flexible valuation process to identify opportunities in developed markets outside the United States and aims to outperform the MSCI EAFE Value Index over the long term.
Meanwhile, the MFS Blended Research Small-Mid Cap ETF combines fundamental research and quantitative analysis to build a diversified portfolio of U.S. small- and mid-cap companies. The fund seeks to generate returns above those of the Russell 2500 Index, while maintaining a target tracking error of 2% relative to its benchmark.
According to Emily Dupre, National Sales Manager at MFS, the launch reflects the goal of continuing to expand an active ETF lineup aligned with investors’ needs. “We are excited to expand our active ETF offering with these two equity strategies. In less than two years, we have launched nine active ETFs across equities, fixed income, and Blended Research strategies, and we believe these new additions will complement and strengthen the existing lineup,” she said.
The MFS Active International Value ETF will be managed by Steve Gorham, David Shindler, and Jed Stocks, professionals with extensive tenures at the firm and decades of international investment experience. In the case of the MFS Blended Research Small-Mid Cap ETF, the strategy will be co-managed by Jonathan Sage and Jenney Zhang, alongside Nathan Bryant and Jed Stocks, members of MFS’s Quantitative Solutions Team.
The expansion of the offering comes at a time of growth for the firm’s ETF business. As of the end of May 2026, assets under management on MFS’s active ETF platform exceeded $2.7 billion, reflecting growing interest among distributors and investors in these types of vehicles.
Dupre highlighted that demand for active ETFs has been particularly strong since the firm launched its first products in late 2024. According to her, the goal is to continue expanding collaboration with distribution platforms and facilitate investor access to the firm’s active management capabilities through the ETF format.
