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Tuesday, July 23, 2002

Subadviser Shuffle

by: Tony Pennino

St. Peterbsburg, Florida-based Heritage Asset Management has named Julius Baer Investment Managemenet as the subadviser for its international equity fund (HEIAX). Julius Baer assumes its duties from Martin Currie.

According to Heritage, the change was made because Julius Baer has a conservative investment approach. Heritage also preferred the subadvisor for its research and management capabilities.

The fund has also recently changed its name. Previously, it was the Heritage Series Trust -- Eagle International Equity Portfolio. It is now the Heritage Series Trust -- International Equity Fund.

Martin Currie had been the fund's subadviser since its founding in 1995. 

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