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MFS signs distribution deal with Italy’s Chebanca

MFS Meridian funds, including equity, fixed income and multi-asset strategies, will be distributed across Italy

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David Robinson

US group MFS Investment Management has signed a deal with CheBanca to make available to investors in Italy the full range of MFS funds from the firm’s Luxembourg flagship vehicle, MFS Meridian funds.

The MFS Meridian funds that will become available will include equity, fixed income and multi-asset strategies. CheBanca is the retail unit of Italy’s Mediobanca Group.

Andrea Baron, managing director, Italy for MFS, said: “[CheBanca] is one of the most active and innovative banking companies in Italy and boasts a nationwide network of over 100 branches together with a network of financial advisors comprising more than 330 professionals.”