Change of Management Arrangements

RNS Number : 5402Q

European Assets Trust NV

20 October 2011

 



European Assets Trust NV

To: RNS

From: European Assets Trust NV ('the Company')

Date: 20 October 2011

Change in Management Arrangements

Following the announcement made by the Company on 20 September 2011, the Boards have been advised by F&C that Sam Cosh (Director, European Equities at F&C) has been appointed lead investment manager to the Company. Sam has been co-managing the Company's investment portfolio since the second half of 2010, supported by the rest of the 10-strong F&C European Equity team. 

The Boards remain satisfied with the continuing appointment of F&C as investment manager and therefore support the appointment of Sam Cosh as lead manager.  In reaching this decision, the Boards have taken into account the Company's strong investment performance relative to the benchmark index since June 2010, following the adoption of the process being applied by the F&C European Equity team to the management of the Company's investment portfolio.

For further information contact:

Wilbert van Twuijver (representing the M   anagement Board Director) Tel [phone]

Michael Campbell (Company Secretary) Tel: [phone]

 

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