MFS Investment Management earned $47 million in the fourth quarter, up from $25 million in the year-ago period. Company officials attributed the rise to higher average net assets, which increased to $181 billion in the fourth quarter of 2009 from $133 billion in the fourth quarter of 2008.

Boston-based MFS recorded gross sales of $14.9 billion in the fourth quarter and annual gross sales of $48.5 billion. The figures, said company executives, "were the highest in the 85-year history of MFS."

MFS ended 2009 with AUM of $187 billion, compared with $134 billion at the close of 2008. 

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