The Meridian Funds – Diversified Income Fund is part of the company’s Luxembourg-domiciled SICAV, and will allocate assets to UK government securities, high-yield corporate bonds, emerging market debt, dividend-paying equities and real estate-related investments.
It will be managed by James Swanson, the company’s chief investment strategist, alongside William Adams, co-head of fixed income, and portfolio managers Ward Brown, David Cole, Richard Gable, Matthew Ryan, Jonathan Sage, and Geoffrey Schechter.
The company said the fund takes a “disciplined investment approach that combines broad diversification, active asset allocation and bottom-up, fundamental security selection”.
President of MFS International, Lina Medeiros, said the fund mirrors a similar existing strategy in the US, and may be appropriate for investors seeking both income and growth potential.
“We think the fund’s disciplined and flexible approach to broad diversification, active asset allocation and fundamental security selection may help position it for favourable risk-adjusted returns,” she added.
The fund was launched on 31 October and requires a minimum initial investment of $5000. There is no requirement for an additional investment.
Additionally, it has a management fee of 0.85% and a total expense ratio of 1.5%
There are no performance fees for tthe fund, but its management fee is 0.85% and its total expense ratio is 1.05%.
As a whole, the SICAV contains $27bn in assets, comprising 31 equity, fixed income and mixed asset class funds. It is managed by MFS Investment Management, which has assets under management of $424.8bn.
