MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 11, 2005 Turner Adds Value Fund to Family Turner Funds is taking the wraps of a new fund that will use a quantitative model to find large cap value stocks. Turner is marketing the fund, which carries a $250,000 minimum initial investment, directly to both individual and institutional investors such as defined contribution plans as well as through financial planners and advisors. The sales will be handled by its Intermediary Distribution Group Team. The Turner Large Cap Value Fund is the eleventh offered by the fund shop, and its first large cap value fund. Until now, the firm has been best known for its growth-focused funds. The fund will use a proprietary quantitative model to identify the most attractive stocks in ten market sectors, according to fund manager David Kovacs. The fund will be kept sector neutral and will be benchmarked to the Russell 1000 Value Index. All together he expects the fund to invest in up to 100 stocks. "The fund will purchase stocks that are ranked attractively by the model and sell stocks whose model ranking deteriorates," explained Kovacs. "As a matter of policy, we won’t override the model by choosing lower-ranking stocks." Printed from: MFWire.com/story.asp?s=10630 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |