The funds target outperformance of the MSCI EAFE Value Index and Russell 2500 Index.
MFS Investment Management (MFS), a Boston-based global investment management firm, has launched two actively managed equity exchange-traded funds (ETFs), expanding its ETF lineup to 11 strategies. Both ETFs will be managed by senior members of the MFS’s Quantitative Solutions group The launched funds include the MFS Active International Value ETF (MIVL) and MFS Blended Research Small-Mid Cap ETF (BRSM), listed on the NYSE Arca exchange. MIVL is an international value strategy that see