The fund should provide investors with adequate contrast to the U.S. stock markets since each of these international styles moves in contrast to one another as well as the U.S. market, MFS said.
"Investors diversify their domestic equity portfolios by investment styles and market capitalizations, but often dont view international investing in the same way," said MFS CEO and CIO Robert J. Manning. "We believe the MFS International Diversification Fund can help them maximize the benefits of diversification more broadly, helping to achieve more attractive risk-adjusted returns."
Martin Beaulieu, executive vice president of director of global distribution for MFS, added: "By spreading investments across different international market segments, MFS International Diversification Fund can smooth out some of the volatility experienced by each of the segments individually."
Overseeing the weightings in the fund-of-funds will be Thomas Melendez, a vice president and member of the MFS International Equity portfolio management team. Targets at the funds inception in the following international equity funds are: 30% in the MFS Research International Fund (core), 25% in the MFS International Growth Fund, 25% MFS International Value Fund, 10% MFS International New Discovery Fund (small- and mid-cap) and 10% MFS Emerging Markets Fund.
