Phoenix Investment Partners Ltd., the asset management arm of Phoenix Cos. Inc. in Hartford, Conn., said Monday that it had added the Phoenix Growth Opportunities Fund, formerly called the Turner Strategic Growth Fund, to its PhoenixFunds family.
This was Phoenix's fourth fund adoption in 21 months - building on its multimanager, multistyle platform and further strengthening its asset management business, the company said.
Morningstar rated Turner Strategic Growth four stars overall in the large-growth category of 1,351 portfolios at April 30. It won five stars for three-year performance among 1,351 funds and three stars for five-year performance out of 1,070 funds.
The portfolio also received the Lipper Fund Award in March for achieving the strongest trend of consistent risk-adjusted performance amongst its peers in the large-cap growth category during the three years ended last Dec. 31.
Phoenix said that it provides broader distribution for the fund than could be supplied by Turner Investment Partners, whose founding portfolio manager, Robert E. Turner, and his investment team, remain subadvisers. The fund adoption deal was announced in late March.
