Morningstar Likes MFS' Culture
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Monday, December 30, 2013

Morningstar Likes MFS' Culture

It's an important question for any asset manager: do you have a culture that allows PMs to do their best, and do so for a long time?

MFS Investments passes the muster in this area, formally known as the parent pillar of the five pillar of Morningstar's five pillar analyst rating system, according to the research firm.

Morningstar, noting that MFS is home to the country's oldest open-ended mutual fund, launched in 1924, says the firm has increasingly become globally focused and today offers a wide breadth of funds that invest across asset classes, both domestically and abroad.

Analyst Kathryn Spica writes that "a key to the firm's staying power has been its ability to hone an investment-focused culture." Spica also notes that the firm usually promotes from within, and has a "career-analyst" track to retain researchers. Analysts are compensated at the same level as PMs, she writes.

Consequently, Spica writes, turnover is low among analysts and manager retention is "above-average."

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