Massachusetts Financial Services has rolled out four new euro- denominated mutual funds for the European market.
The two fixed-income and two equity portfolios, started this month and are registered in Luxembourg, said Arnold D. Scott, a senior executive vice president at the Boston investment company.
The portfolios are being sold in Europe through Credit Suisse First Boston and are to be sold there through Merrill Lynch & Co., Mr. Scott said. Massachusetts Financial is looking for other distribution partners, he added.
The company manages seven dollar-denominated offshore mutual funds, also registered in Luxembourg, but adding euro-denominated products should boost business, Mr. Scott said.
"Now we have a product that could be attractive to European Community citizens," he said.
Massachusetts Financial manages $215 million in Europe, a spokesman said, and its offshore fund group manages about $5 billion of assets. The company manages a total of $103 billion of assets.