MFS will showcase its US Growth Equities strategy at the IV Funds Society Investment Summit & Rodeo, focusing on opportunities beyond the “magnificent seven.”
The event, set to take place on February 29th at the JW Marriott Houston by The Galleria, will feature Scott T. Edgcomb, CFA, Director, Investment Product Specialist at MFS, discussing viable and sustainable growth companies outside of the “magnificent seven.”
“While the media continuously talks about the Magnificent Seven as if they were a monolith, each of them is distinct in terms of earnings, cash flow, and valuation. After dominating performance in the early part of 2023, the performance of the Magnificent Seven was less striking for the remainder of the year,” states MFS’s strategy description.
The firm focuses “on earnings growth over full cycles and companies with exposure to strong secular growth trends, enduring competitive advantages, high barriers to entry, pricing power, and solid management teams,” it describes.
Moreover, they seek companies with a high degree of earnings visibility and a narrow range of possible earnings outcomes.
Edgcomb’s presentation will cover topics related to how artificial intelligence and technological advancement will lead to increased complexity in semiconductor design and manufacturing, and how labor productivity increases will more than offset wage inflation.
After the experts’ conferences, guests will be transported to the NRG Stadium to enjoy the Houston’s Livestock Show and Rodeo from the Funds Society’s private suite.
About Scott T. Edgcomb, CFA
He is a Director and Investment Product Specialist at MFS Investment Management. He is responsible for communicating investment policy, strategy, and tactics; conducting portfolio analysis; and leading product development.
Edgcomb joined MFS in 2011 as a customer service representative. He also served as a regional sales representative and senior investment product analyst before taking on his current role in 2018. He earned a bachelor’s degree in finance and management from Georgetown University. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the CFA Society of Boston.
