MFS Investment Management® (MFS®) has completed the local registration process with Chile’s Financial Market Commission (CMF) for 21 of its MFS Meridian Funds®, making them broadly available for sale through financial advisors and other financial intermediaries.
“Completing this process represents a significant step forward in broadening the availability of the MFS Meridian Funds to the growing retail investor base in Chile. Furthermore, it enhances our relationships with local distributors who can now more easily add the MFS Meridian Funds across their local investment platforms,” said L. Jose Corena, managing director for the Americas, MFS International Limited.
Previously, the MFS Meridian Funds were available via certain private placements through a select number of distribution partners in Chile.
“We are extremely pleased to be able to provide greater choice in the Chilean retail market. With the local registration of the MFS Meridian Funds, we can provide enhanced diversification options for our partners through their different channels and client segments. The MFS Meridian Funds can be held across various individual investment account types, including those in the APV (Voluntary Pension Savings) market,” said Enrique Perez Iturraspe, regional director for Chile and Perú for MFS in Santiago.
The 21 MFS Meridian Funds represent strategies investing across the capital markets worldwide, which include global, regional and emerging market equity and fixed income strategies, as well as multi-asset strategies. The funds offer daily liquidity and are domiciled in Luxemburg under the SICAV form. Some of the strategies which have received interest in Chile previously are MFS Meridian Funds® – Prudent Capital Fund, MFS Meridian Funds® – U.S. Corporate Bond Fund, MFS Meridian Funds® – Global Opportunistic Bond Fund, MFS Meridian Funds® – European Research Fund and MFS Meridian Funds® – U.S. Value Fund.
MFS has been serving the Americas for more than 30 years, supporting clients from its hubs in Miami, Boston and London, as well as locally in Chile, through its office in Santiago. The MFS Meridian Funds are a line of 36 funds totaling nearly US$35 billion in assets available in major markets throughout the Americas and Europe.
Por Meritxell Sedo
Por Funds Society, Madrid