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MFS fund unfazed by credit squeeze

Vishal Teckchandani
By Vishal Teckchandani
Mon 05 Nov 2007

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.

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