BERWYN, Pa.--(BUSINESS WIRE)--The Turner Funds has introduced the Turner Emerging Markets Fund, which invests in about 60-100 growth stocks of all market capitalizations from issuers tied economically to the emerging markets.
The no-load Turner Emerging Markets Fund is offered in both Institutional Class shares (ticker symbol: TEEEX) and Investor Class shares (ticker symbol: TFEMX).
The fund is managed by Donald W. Smith and Rick Wetmore. Turner Investments, an employee-owned investment firm with more than $8 billion in assets under management as of June 30, 2013, serves as the investment adviser for the fund. Headquartered in Berwyn, Pennsylvania, Turner was founded in 1990.
The addition of the Emerging Markets Fund brings the number of Turner Funds to 11. The Turner Funds are composed of growth, international/global, and long/short funds (http://www.turnerinvestments.com/turner-funds/).
The fund may be appropriate for institutional and individual investors who seek the long-term growth of capital and can tolerate the share-price volatility of emerging-markets stock investing. The fund’s holdings consist of what the portfolio-management team believes to be its best global-growth stock ideas in emerging markets, which include Brazil, China, India, Mexico, the Philippines, Russia, and Turkey, among others.
The fund’s performance benchmark is the MSCI Emerging Markets Index.
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 Emerging Markets Fund directly through the Turner Funds by calling 1.800.224.6312 or writing to the Turner Funds at this address: Box 219805, Kansas City, Missouri 64121. Investments in the fund can also be made through financial advisers who have a relationship with Turner Investments or the Turner Funds.
The Turner Funds are distributed by Foreside Fund Services, LLC, Portland, Maine. The investor should consider the investment objectives, risks, charges, and expenses carefully before investing. This information can be found in the prospectus. A free summary or statutory prospectus, which contains detailed information, including fees and expenses, and the risks associated with investing in this fund, can be obtained by calling 1.800.224.6312 or by visiting www.turnerinvestments.com/fundinfo. Read the prospectus carefully before investing. Past performance is no guarantee of future results. Mutual-fund investing involves risk, including potential loss of principal. This communication should not be considered an offer to provide any product or service in any jurisdiction that would be unlawful under the securities laws of that jurisdiction.
The risks associated with foreign investments are heightened when investing in emerging markets. The government and economies of emerging-market countries feature greater instability than those of more developed countries. Such investments tend to fluctuate in price more widely and to be less liquid than other foreign investments.
The Morgan Stanley Capital International (MSCI) Emerging Markets Index measures the performance of stocks in the world’s emerging markets. It is a float-adjusted market capitalization index that covers 26 emerging nations.