The EEA life settlements fund sterling share class has returned 10.62 per cent net of fees over the last twelve months to the end of June 2008, outperforming its target of 9-10 per cent per annum.
EEA says greater transparency in the life settlements market is helping boost continued growth of the asset class and has backed research from the Pensions Institute that the market will grow from around £6.6bn to £80.7bn over the next few years.
The research concluded that given full transparency and the safeguarding of the policyholder’s privacy, there are no ethical issues to distinguish life settlements from other mortality-based products, such as life insurance, annuities and equity release.
EEA marketing director Peter Winders says: “It’s clear from our experience that this market is set to grow and we believe we have the right product and a rigorous, ethical and transparent approach that the market likes. The performance speaks for itself – in volatile markets advisers are looking for absolute return products that deliver – this fund does and 30 consecutive months of positive returns demonstrates remarkable consistency.”