Office address: 111 Huntington Avenue, Boston, MA 02199-7618
Website: mfs.com
Year established: 1924
Company type: financial services
Employees: 2,100+
Expertise: mutual funds, ETFs, fixed income, equity solutions, quantitative solutions, variable insurance portfolios, separately managed accounts, closed-end funds, sustainable investing, ESG integration
Parent company: Sun Life Financial
Key people: Edward Maloney (CEO), Michael Roberge (chair), Alison O'Neill (CIO), Carol Geremia (president), John Corcoran (CFO), Jey Joseph Amalraj (CTO), Anne Marie Bernard (CHRO)
Financing status: corporate-backed
MFS Investment Management (MFSIM or MFS) is a Boston-based global asset manager serving financial advisors, intermediaries, and institutional clients. The firm manages more than $661 billion in assets as of January 2025. MFS offers mutual funds, ETFs, fixed income solutions, and separately managed accounts through its active management approach.
MFS launched the Massachusetts Investors Trust in 1924, creating the first US open-end mutual fund. This new investment vehicle gave millions of Americans their first chance to participate in the markets.
The firm faced its earliest test five years later during the 1929 stock market crash. MFS survived Black Monday on October 28 and continued paying dividends throughout the Great Depression.
MFS Investment Management helped write the rules that still govern American finance today. MFS trustees drafted the Investment Company Act of 1940, and the final law mirrored the firm's own practices.
In 1946, MFS invested in American Research and Development Corporation, seeding one of America's first venture capital firms. It created the industry's first growth fund in 1952 and defined what a growth stock means.
MFS started active fixed income investing in 1970 after establishing its Fixed Income Group. The firm introduced one of the first municipal bond funds in 1976 after lawmakers allowed small investors into the market.
In 1981, MFS created the first US global fixed income mutual fund, expanding options for American investors. Sun Life Financial purchased the Boston-based firm in 1982, beginning a partnership that has lasted over 40 years.
The company weathered the 2007 to 2009 recession and became a UN Principles of Responsible Investing signatory in 2010. MFS celebrated its 100th anniversary in 2024, marking a century of active management.
That same year, InvestmentNews named MFSIM a 5-Star Fund Provider, ranking third for transparency and active management. MFSIM's Edward Maloney also earned a spot on the publication's Hot List for top US financial professionals in 2024. Both awards confirmed the firm's reputation as a leading asset manager with recognized expertise in active investment strategies.
MFSIM offers investment products across multiple asset classes for advisors, intermediaries, and institutional clients:
MFS Investment Management integrates ESG factors into its research process across all investment strategies. The firm serves corporations, governmental bodies, foundations, charitable organizations, and university endowments.
MFS Investment Management's culture upholds collaboration, not competition. It has five core values:
The company also commits to employee growth through competitive benefits and development opportunities. MFS Investment Management supports work-life balance and community involvement through several programs:
MFSIM supports inclusivity through employee resource groups and ongoing education programs. It operates ERGs including Pride@MFS, WE@MFS, and Mosaic@MFS for LGBTQ+ members, women, and people of color.
Edward Maloney serves as CEO and leads MFS' Enterprise Leadership Team in setting strategic priorities. He joined MFS Investment Management in 2005 after working as an analyst and founding partner at Lyceum Capital. Maloney graduated from Bowdoin College with a magna cum laude.
A senior leadership team at MFS Investment Management supports Maloney in directing company strategy and operations:
Together, this leadership team oversees MFS Investment Management's strategy, investment operations, and corporate functions across its global business.
MFSIM launched five ETFs in December 2024 to meet advisor demand for tax-efficient investment structures. Chris Hedges, head of RIA and bank trust at MFS, stressed international diversification at Schwab IMPACT in Denver. The firm positions active management as better suited for volatile markets because managers can adjust holdings faster than index funds.
The company also sees advisors returning to international markets after years of avoiding them. InvestmentNews spoke with MFS Investment Management's Chris Hedges in December 2025 about their fundamental research approach to global investing.
It overweights regions like Japan and Europe based on finding strong individual companies rather than following macro trends. This approach prepares MFSIM to meet growing advisor demand for adaptable strategies in volatile markets.
InvestmentNews TV traveled to Denver, Colorado to talk to Schwab leadership and attendees. All video coverage can be found here.
InvestmentNews traveled to Denver, Colorado to cover Schwab's annual conference. All coverage can be found here.
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