MFS announced that Robert Lau of MFS Emerging Markets Equity will step down on Aug. 1, 2021, to focus on his responsibilities at MFS International Small-Mid Cap Equity. Jose Luis Garcia, a manager since 2008, and Henry Purcell, who joined as comanager in 2017, will remain in place. With plenty of advance notice for the transition and a capable team intact, this news doesn't impact the strategy's Above Average People rating. Its Morningstar Analyst Rating, ranging from Bronze to Neutral, depending on price, remains intact.
MFS Emerging Markets Equity B MEMBX
NAV / 1-Day Return
38.00
/
0.16
%
Total Assets
7.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
2.060%
Expense Ratio
2.060%
Fee Level
Below Average
Longest Manager Tenure
12.68
years
Category
Diversified Emerging Mkts
Investment Style
Large BlendMin. Initial Investment
1,000
Status
Closed
TTM Yield
0.00%
Turnover
32%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MEMBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MEMBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MEMBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of MEMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
MFS Emerging Markets Equity's Upcoming Comanager Change Doesn't Impact Ratings
