Stock selection MFS style

As MFS Europe prepares to launch onshore portfolios, its offshore European fund is coming up to a three-year track record in March. The fund is a collection of 'best ideas' put forward by a team of seven London-based analysts, who split the pan-European universe up by sector. Within each analyst's sector they may sell a stock if, for example, it has met its price target or the fundamentals change. However, if they want to buy a stock or add to an existing holding they must either sell something else within the sector or persuade the group as a whole that the opportunity justifies allo...