The Phoenix Cos. has decided to adopt the Turner Strategic Growth Fund in an effort to raise average ratings and generate more growth, according to the Knight Ridder Tribune.

This is Phoenix's fourth fund "adoption." The firm plans to reorganize the fund and rename it Phoenix Growth Opportunities Fund, if the shareholders approve.

Robert E. Turner and his team will continue managing the $10 million in assets under management in fund, as they will be the sub-advisors and Phoenix will be the investment advisor.

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