Products July 1, 2008

Money Manager Launches Energy Fund

American Trust Investment Advisors launched the no-load American Trust Energy Alternatives Fund.
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A news release said the new offering will focus on companies that will play a role in meeting increased worldwide energy demand as well as those that may benefit from renewable sources of energy generation. The fund will screen nearly 300 energy-related companies in more than 30 countries to evaluate the economic viability and scientific soundness of their products and services.

Carey Callaghan, CIO at American Trust Investment Advisors, and Paul Collins, president, will serve as portfolio managers.

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“Since American Trust’s founding in 1991, we have operated with one main objective: capital appreciation for socially conscious investors. We strive to achieve this objective through the utilization of a disciplined investment process for securities. With that philosophy in mind, we believe that now is the right time to provide a similar socially responsible fund for sustainable alternative energy,” said Collins, in the announcement.

More information is available here.

Products July 1, 2008

Turner Introduces Broad Market Equity Fund

The Turner Funds introduced the Turner Quantitative Broad Market Equity Fund, a no-load mutual fund that uses its proprietary quantitative model to determine stock selection.
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The new fund invests in companies across the U.S. stock market with capitalizations typically greater than $700 million. Its sector weightings are similar to those of the Russell 3000 Index, its performance benchmark, according to a press release.

The fund uses Turner’s proprietary quantitative computer model to evaluate more than 70 factors related to a company’s stock and fundamentals that it believes predict future outperformance. Stocks are then ranked by those characteristics and selected for a diversified portfolio of 80 to 130 securities.

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The release said the fund is managed by David Kovacs, lead portfolio manager and CIO, quantitative strategies. Kovacs is supported by Jennifer K. Clark, co-manager.

The Turner Quantitative Broad Market Equity Fund is available through either investor or institutional share classes. The minimum initial investment in Investor Class shares is $2,500, and the minimum initial investment for Institutional Class shares is $250,000.

Investors may invest in the Turner Quantitative Broad Market Equity Fund effective today directly through the Turner Funds, through Turner’s Distribution Team that does business with investment consultants and defined contribution plan sponsors, and through financial intermediaries who have a relationship with the Turner Funds. The Turner Funds are distributed by SEI Investments Distribution Co.

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