What a difference a weekend makes. On Friday, the Dow Jones Newswire announced that Wachovia was in talks to buy MFS Mutual Funds from Sun Life. Well, today, Sun Life has now announced that after a strategic review they have decided not to sell the MFS unit. We were not enamored in the first place with the Wachovia Evergreen Investments division owning MFS, so it appears Wachovia management must have read our review on Friday. Another thought is that recent stock market gains have "helped" the performance of many of the MFS Equity Funds, not to mention increasing fees to MFS as fees are a function of assets. Many analysts are saying that this hurts Sun Life's credibility, but we are actually pleased as no deal is better than a bad deal. This still leaves Putnam Funds hanging out there as they were also mentioned as a buyout candidate. We will keep you informed as events unfold.

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