MFS Investment Management introduced the MFS Structured Equity-U.S. Core Portfolio for institutional investors. The strategy combines active equity research, quantitative valuation modeling and risk controls with a goal of outperforming the S&P 500 index by between 100 and 200 basis points per year within a 3% tracking error. It is actively managed by MFS’ quantitative group, led by Deborah Miller and Matt Krummell. The portfolio mirrors the basic construction of the S&P 500 and maintains a neutral position on sector weightings and other metrics.
The strategy is being reviewed by a number of large public plans, said Joseph Trainor, president of MFS Institutional Advisors, but he declined to identify them.
The firm soon will introduce a version of the strategy that focuses on outperforming the U.S. FTSE 350.
