MFS International is offering a full discount on all Pep & Isa transfers into the MFS Funds (UK) OEI...
MFS International is offering a full discount on all Pep & Isa transfers into the MFS Funds (UK) OEIC A Shares in an attempt to try and persuade investors back to the market.
Usual initial charge of 5% will be discounted to 0% on a nil-commission basis until the end of August 2002, however, intermediaries can still earn commission by reducing the discount accordingly.
On this basis, if an intermediary charges 3% commission, the client pays initial charge of 3%, says Jonathan Willcocks, sales director.
"The current market lows and lack of investor confidence mean that investors are reluctant to commit new money to the equity markets. However, in our view, it is now an ideal time to position clients' portfolios to take advantage of future upturns and to switch out of under-performing funds."
MFS International is a subsidiary of Boston-based MFS Investment Management (MFS) which now has global assets under management of £90bn distributed through intermediaries.
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