MFS Prudent Capital Trust available on BT Wrap
MFS Investment Management’s MFS Prudent Capital Trust fund is now available to Australian retail investors through the BT Wrap platform.
The MFS Prudent Capital Trust followed a strategy of investing in both equity and debt instruments of quality businesses with the flexibility to invest in cash to target a total return over a full market cycle.
Its focus was on capital appreciation without being constrained by benchmark, regional or market capitalisation.
The trust was run by portfolio managers Barnaby Weiner, David Cole and Edward Dearing, and had returned 17.16% since its inception on 18 December, 2018, according to data from FE Analytics.
The strategy of the fund is 50-90% global equity, up to14% cash or short-term equivalents, and 10-30% global credit.
According to FE Analytics, the fund’s current highest weightings were 46.24% international equities, 29.64% global fixed interest, and 19.34% money market.
MFS Prudent Capital Trust performance since inception vs mixed asset sector
Recommended for you
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.
Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.