MFS Investment Management
earned $47 million in the
fourth quarter, up from $25 million in the year-ago period. Company officials
attributed the rise to higher average net assets, which increased to $181 billion
in the fourth quarter of 2009 from $133 billion in the fourth quarter of 2008.
Boston-based MFS recorded gross sales of $14.9 billion in the fourth quarter and annual gross sales of $48.5 billion. The figures, said company executives,
"were the highest in the 85-year history of MFS."
MFS ended 2009 with AUM of $187 billion, compared with $134 billion at the close of 2008.
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