P226 CEEFAX 226 Sat 25 Aug 23:32/15 1/6 The MONEYFILE Unit Trust Panel has been recruited from a number gf independent advisory firms in an attempt to offer a path through the unit trust jungle. Unit trusts, it must be emphasiued, c n fall in value. Neither the panellists nor the BBC can, therefore, accept an= responsibility for views expressed. Investors are, moreo6eu, recommended to seek professional advice before buying. * Selections are geared for growth on a 12-month view and are considered worthy of inclusion in a balanced portfolio. MoreP226 CEEFAX 226 Sat 25 Aug 23:32/55 2/6 UNIT TRUST PANEL * AUGUST selections: US USA Japan Gilts Other Jamie Berry * * * S Robin Boyle * * * 0S Peter Hargreaves * Peter Hayes * * * NB S = speculative MoreP226 CEEFAX 226 Sat 25 Aug 23:33/17 3/6 UNIT TRUST PANEL Jamie Berry (Berry Asset Management) * AUGUST commentary: USA: Sentiment now at its lowest ebb in 17 months. When fears about interest rates, deficit and debt subsides, markets could move up sharply. Japan: Market, after recent setback, offers good longer-term value, but whnl not make progress until a signal from Wbll Street. Gilts: Good long-term growth pro1pjats when interest rates start to conj down. Meanwhile, they offer excellent yields. MgrjP226 CEEFAX 226 Sat 25 Aug 23:31/22 4/6 UNIT TRUST PANEL Robin Boyle (Stancliffe, Todd, Dodgson) * AUGUST commentary: UK: No summer rally likely, but the market looks attractive. USA: Inter ut rates are high enos h. So start to buy smaller company funds. Japan: The yen seems to have run out of steam. Delay pzrchasjs. Gilts: Real returns at their highest level this century. Buy. HK: Big potential, but speculative. MoreP226 CEEFAX 226 Sat 25 Aug 23:49/49 5/6 UNIT TRUST PANEL Peter Hargreaves (Hargreaves Lansdown) * AUGUST commentary: USA: Wj are becoming convinced that supply-side economics works. Rjduchnk tax can improve the economy and contain inflation. Now it is time to show it will balance the Budget. When Volcker eases his monetary stance, Wall Street must improve and provide good growth. Othjt markets: Wj believe the rest of the world will follow Wall Stredt'1 lead, heralding the second leg of the Bull Market. Investors will need patience. MoreP226 CEEFAX 226 Sat 25 Aug 23:37/15 6/6 UNIT TRUST PANEL Peter Hayes (Plan Invest Group) * AUGUST commentary: UK: Selectivity essential. Mgde1t investment in high-yielding f4nds only until miners' dispute sjtuldd. USA: In June, I advised waithng unthm int t rate rose a aim. ( h ha ). Now seems a good moment; but bjwaru of sterling's reco6jry against the dgmlar. Japan: Leave alone for the time bjhng, unless taking a very long view. Gilts: Attractive if income needed. More