Whitefoord said the change had been made to more accurately reflect the fund’s investment style and its place within the Cautious Managed IMA Sector (soon to be the Mixed Investment 0-35% Shares Sector).
Nolan Stanton, manager of the fund, said: "The original name for the fund was chosen to reflect its objective of generating a positive return over the medium to longer term, regardless of market conditions.
"However, it has on occasion been confused with funds in the Absolute Return Sector which are less straightforward and transparent and have not always met their investment objectives."
Stanton added that the change to the CF Cautela Fund should "help to avoid this confusion", as cautela is Latin for caution and security.
But surely it is reasonable to question if the average investor is likely to be adequately brushed up on his Latin terminology.
Since launch in December 2006, the fund has returned 37.7% against its benchmark (LIBOR +2%) which has risen 27.1% over the same period.
The fund has over £20m under management and as at 2 December was ranked second out of 77 funds in the IMA Cautious Managed Sector over five years, seventh out of 115 funds over three years and third out of 160 funds over one year, according to Morningstar.
Minimum investment into the fund is a £1,000 lump sum, with an initial charge of 5%, AMC of 1.75% and commission of 3% (0.5% trail).
