Prime Super has awarded MFS Investment Management a new active global fixed income mandate aimed at enhancing long-term member outcomes.
Prime Super has appointed MFS Investment Management to run an active global fixed income mandate, marking a further expansion of MFS’ Australian fixed income presence.
The mandate will be managed through the MFS Global Aggregate Core Plus Fixed Income strategy, which aims to deliver alpha via flexible, active management across global credit, rates and FX markets.
The strategy seeks to outperform the Bloomberg Global Aggregate Index, hedged to AUD, over a full market cycle.
Josh Barton, senior managing director and head of Australia and New Zealand at MFS, said: “We are honoured that Prime Super has entrusted us with managing an active global fixed income mandate, and this marks an important step forward in expanding our fixed income presence in Australia.”
He added: “In an evolving financial landscape, rising bond yields have enhanced their value in the market, reaffirming their role as an essential diversifier within super funds.
“This appointment highlights our proven expertise in fixed income investing and our dedication to aligning with our clients’ goals and expectations.”
The strategy is led by an experienced global team, including lead portfolio managers Pilar Gomez-Bravo and Robert Spector, supported by portfolio managers Andy Li, Jay Mitchell and Erik Weisman, along with MFS’ 136-strong global fixed income department.
Prime Super general manager of investments Michael McQueen said: “We are pleased to partner with MFS on this new global fixed income mandate.”
“Their strategic and active approach to fixed income investing resonates well with our investment objectives and complements our portfolio construction process. We look forward to working closely with them to deliver the best financial outcomes for our members.”
MFS manages more than AU$172 billion in fixed income assets as at 30 September 2025 and has been delivering fixed income solutions for more than 55 years.
