MFS assets up 2.7% in quarter

MFS Investment Management reported $192 billion in assets under management at the end of the first quarter, according to a filing from parent company Sun Life Financial. Assets increased by 2.7% for the quarter and 13% for the year, driven by market appreciation and net flows into international and value equity strategies, said spokesman John Reilly. Overall, MFS had earnings of $61 million for the quarter, a 1.6% decrease from the previous quarter and a 35.5% increase from one year ago.