EEA Fund Management has confirmed its CF EPIC Insurance & General and UK Equity offerings will be renamed the EEA UK Financials and EEA UK Equity funds respectively.
Simon Shaw and Jonathan Fieldsend have managed the funds since launch in October 2003.
EEA says the Insurance & General name change was made to “better reflect” the fund’s investment approach and its UK concentration.
It says the fund’s avoidance of the banking sector has helped cushion it from some of the more extreme fluctuations in recent global markets, returning 76% for the three year period ending 30 November 2007.
The EEA UK Equity fund name change completes its new identity following the company's MBO from EPIC Investment Partners in 2005. It has returned 48.2% for the same three year period.
“We wanted the name of the EEA UK Financials fund to truly reflect the investment mandate of the portfolio, emphasising our specialism in the UK equity market as well as the broad nature of the underlying financial sectors that we invest in,” EEA chairman Shaw says.
“EEA expect the financials sector to remain volatile as we move into 2008 but see the recent market shake out as a great opportunity to pick up some bargains”
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