The information provided on this website is not intended for distribution to, or use by, any person in the United States or in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Northstar products are not available to US persons or citizens or residents of Bermuda. The website has been created for informational purposes only and is intended for use only by authorized distributors or current policyholders.

Please download and read the Terms & Conditions of Use below carefully. These set out the terms and conditions for accessing this website. After you have read and understood the Terms & Conditions of Use, you may click “I Accept” to proceed. By doing so, you:

i) confirm that you are accessing this website on an unsolicited basis, on your own initiative and in compliance with the laws and regulations of the jurisdiction or country in which you are residing;

ii) confirm your understanding that this website contains information about investment and/or insurance products and services that may not be available to persons in your jurisdiction;

iii) confirm that to the extent that any information contained in this website relates to any security or insurance, you will not use such information either directly or indirectly in connection with any purchase or sale, or the solicitation of any offer to purchase or sell, any security or insurance to or from any person that would violate the securities, insurance or other laws of any jurisdiction; and

iv) acknowledge expressly that you have read and understood the Terms & Conditions of Use and agree to abide by them.

By clicking ‘I Accept’ you confirm your understanding and acceptance of the criteria detailed above, and that you have read and accept the Terms & Conditions of Use.



I Accept


MFS - Investment Insight 2014

Fund Manager Updates

Asset allocation themes for this year and beyond

Over the past couple of years, two popular economic stories have emerged. First, the tapering of asset purchases by the US Federal Reserve has created a challenging environment for the performance of bonds relative to stocks, as evidenced by yields rising roughly 1% and equities outpacing fixed income by more than 30%. Second, the US economy appears to have decoupled from the rest of the world, driven mainly by increasing energy independence and the revival of the US manufacturing sector.

Given these two themes, we might be tempted in the near term to sell bonds and use the proceeds to buy stocks, and to abandon a more diversified portfolio of global equities in favor of one that is more concentrated in US equities. As natural as these reactions seem, we believe it is important to stay disciplined and focused on the longer term. We take this opportunity to share some of our analysis that highlights the benefits of diversification in a balanced portfolio.

Download PDF