Press Releases

10 December 2007
EEA Fund Management announces name changes for Insurance & General and UK Equity fund.

EEA Fund Management today confirms name changes for its Insurance & General and UK Equity Funds to EEA UK Financials Fund and EEA UK Equity Fund respectively with immediate effect. The funds were previously named CF EPIC Insurance & General and CF EPIC UK Equity.

The decision to change the name to the EEA UK Financials Fund was made to better reflect the investment approach of the fund and its concentration on the UK market.

Despite the enormous volatility in the UK economy in recent months, the domestic focus of the EEA fund and its avoidance of the banking sector has helped cushion it from some of the more extreme fluctuations in global markets. The fund has returned 76.0% for the three year period ending 30th November 2007. The objective of the fund and its risk profile will remain unchanged.

At the same time the UK Equity Fund has now become the EEA UK Equity Fund completing the changeover to the EEA Fund Management identity following the company's MBO from EPIC Investment Partners in 2005. The objective of the EEA UK Equity Fund and its risk profile remain unchanged. It has returned 48.2% for the three year period ending 30th November 2007.

Both funds have been managed by Simon Shaw and Jonathan Fieldsend since launch in October 2003.

Simon Shaw, Chairman at EEA and Fund Manager to TEP, said:

“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 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.”

Meanwhile, EEA is also pleased to announce its appointment of WAY Investment Services Ltd as administrator for its fund range.

Shaw concludes:

“We are pleased to be working with WAY Investment Services as our new fund administrators. The company has an exemplary understanding of the market place in which EEA operates and is well placed to provide the expanded service and capabilities that EEA will require moving forward. The team are sure that WAY will prove to be a fantastic asset in supporting the future growth of our business.”