Over time, MFS has been a leading innovator in the asset management industry, including creating one of the first in - house research departments in the mutual fund industry in 1932, launching the first high - yield municipal bond fund and the first
global balanced fund, and more recently creating «outcome -
oriented» products, such as its line of target - risk, target - date, and other asset allocation strategies.
Signature
Global Asset Management, led by its Chief Investment Officer, Eric Bushell, manages over $ 50 billion in core equity,
balanced and income -
oriented funds, and is CI Investments Inc.'s largest in - house portfolio management group.