ETFs & Mutual Funds
A Hundred Years On, Firm Behind First Mutual Fund Plans ETFs
- Boston asset manager plans five ETFs across stocks and bonds
- Firm’s Massachusetts Investors Trust launched 100 years ago
After launching the world’s first mutual fund 100 years ago, MFS Investment Management is poised to make its debut in the ETF market.
In the most powerful sign yet that the low-cost trading vehicles are taking over the world of investing, the firm has applied to create five actively managed exchange-traded funds spanning stocks and bonds, according to Monday filings with the Securities and Exchange Commission.