Turner Global Opportunities Fund Launches

The fund invests in about 20-30 growth stocks with market capitalizations generally of more than $2 billion from markets around the world. Offered in both Institutional Class shares (ticker symbol: TGLBX) and Investor Class shares (ticker symbol: TGLPX), the fund began operation on May 7, 2010.   

According to a press release, the Turner Global Opportunities Fund’s investment objective is to seek long-term capital appreciation. Holdings consist of what the portfolio management team believes are its best global-growth stock ideas in any sector or country, irrespective of the weightings of a sector or country in global-stock indexes. At least 30% of holdings are foreign stocks, including a weighting of up to 10% in stocks from the emerging markets.   

The fund’s performance benchmark is the MSCI World Growth Index. Turner Investment Partners, an employee-owned investment firm with more than $18 billion in assets under management as of March 31, 2010, serves as the investment adviser for the Global Opportunities Fund. The Global Opportunities Fund is managed by Christopher K. McHugh, lead portfolio manager, and Donald W. Smith, Mark D. Turner, and Robert E. Turner, comanagers.   

The fund has a minimum initial investment of $250,000 for Institutional Class shares and $2,500 for Investor Class shares. For Individual Retirement Accounts, the minimum initial investment is $100,000 for Institutional Class shares and $2,000 for Investor Class shares.   

Investors can invest in the Turner Global Opportunities Fund directly through the Turner Funds, through Turner’s Distribution and Client Service Team that does business with investment consultants, institutional investors, and defined-contribution plan sponsors, and through financial advisers who have a relationship with Turner Investment Partners, Turner Investment Management, or the Turner Funds.  

More information is at http://www.turnerinvestments.com.