Energy funds suffered heavily in the market after the Coronavirus outbreak.
The Sonn Law Group is investigating allegations that brokers unsuitably recommended investments in energy funds. If you or a family member has suffered losses investing in MFS Meridian Funds – Global Energy Fund, we want to discuss your case. Please contact us today for a free review of your case.
MFS Meridian Funds – Global Energy Fund is an open-end fund that aims for capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies in the energy sector located in developed and emerging market countries. The Fund may also invest in debt instruments.
The Fund may invest in companies it believes to have above-average earnings growth potential compared to other companies (growth companies), in companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies. The Fund may invest in companies of any size.
Energy funds suffered significant losses last week as equity markets worldwide plummeted amid investor fears about Coronavirus and an oil price war between Saudi Arabia and Russia. As of March 30, 2020, the MFS Meridian Funds – Global Energy Fund had a -34.24% YTD return.
The Sonn Law Group is investigating allegations that brokerage firms may have recommended high energy investments like the MFS Meridian Funds – Global Energy Fund to its clients. If your financial advisor over-concentrated your portfolio, you may have a claim to recover losses.
Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment but particularly volatile industries like oil and gas can be unsuitable for many investors.
Contact Us Today
If you suffered losses investing in MFS Meridian Funds – Global Energy Fund, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.