A news release said that as a UCITS III pooled financial-services company, Turner Funds plc intends to offer the four funds to qualified investors throughout Europe and the Middle East.
The creation of Turner Funds plc includes the launch of the Turner Global Growth Equity Fund, Turner’s first fund emphasizing global-growth stocks. The new fund family also markets the Turner Core Growth Equity Fund, the Turner Midcap Core Equity Fund, and the Turner Quantitative Broad Market Equity Fund, which are clones of the firm’s U.S. mutual funds.
Turner’s wholly owned subsidiary, Turner International Ltd., and its London-based Managing Director, Peter Yarrow, will market the funds to institutions. The minimum initial investment in the funds is $250,000.