MFS Ventures into ETF Arena with Five Dynamic Offerings
MFS Investment Management, a Boston-based asset manager known for creating the first open-ended mutual fund, is entering the ETF market with five new products. Their ETFs include stock market, core bond, and municipal bond options. This move aligns with a broader trend among asset managers to tap into the booming $1 trillion ETF industry.

MFS Investment Management, the Boston-based trailblazer in the mutual fund space, is stepping into the exchange-traded fund (ETF) industry with the launch of five new offerings. This strategic expansion marks a significant move for the firm, known for creating the world's first open-ended mutual fund nearly a century ago.
The new ETF lineup includes three offerings tied to the stock market, complemented by two options offering core bond and municipal bond exposure. Michael Roberge, CEO of MFS, emphasized that this initiative is about adapting existing capabilities into the more dynamic ETF space, thus responding to the investor demand for versatile investment packages.
The ETF market has seen investor inflows nearing $1 trillion this year, driven by a robust U.S. stock market and a plethora of new products. Traditional asset managers, including heavyweights like Fidelity and Invesco, have recently ventured into ETFs to compete with industry titans such as State Street, Vanguard, and BlackRock, reflecting a significant industry shift.
(With inputs from agencies.)