MFS has reached approximately $3.87 billion in assets under funds management and the company has also been added to the S&P/ASX 200 indices.
MFS’ managing director Philip Adams said the MFS Funds Management business continues to experience very strong growth in assets under funds management giving rise to increased recurrent management fee income.
“MFS has previously indicated it expects to have at least $5.0 billion of fee paying assets under funds Management by the end of this financial year and MFS affirms that guidance,” he added.
Meanwhile, Standard & Poor’s has announced that following the removal of Excel Coal Limited from the S&P/ASX indices, following of the takeover by Peabody Energy Corporation – the vacancy created by the removal of Excel Coal Limited from the S&P/ASX 200 will be filled by MFS Limited.
By Kathryn O’Meara
