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MFS fund unfazed by credit squeeze

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By Vishal Teckchandani
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1 minute read

Research house Lonsec has maintained its investment grade rating for the MFS Premium Income Fund (MFSIM) following a recent review.

Research house Lonsec has maintained its investment grade rating for the MFS Premium Income Fund (MFSIM) following a recent review.

MFSIM fund manager Marilyn Watts said the fund was unaffected by this year's financial market volatility and credit crunch.

The $796 million fund had been structured for income dependability for investors who wanted monthly distributions, Lonsec said.

MFSIM invests in commercial loans, property-backed managed investment schemes, assets, cash and fixed interest securities.