P226 CJEFA( 226 Mon Q7 Nov 21:15/36 1/8 UoIT TRjST PANEL The MONEYFILE Unit Trust Panel has been recruited from a number of independent advisory firms in an attempt to offer a path through the unit trust jungle. Unit trusts, it must bj emphasisjd, can fall in value. Neither the panellists nor the BBC can accept responsibility for recommendations made. Selections shown and opinions expressed are those of the persons named and are not necessarily shared bz the BBC. * Investors are recommended always to seek professional advice before buying. MoreP226 CJEFAX 226 Mon 17 Nov 21:46/22 2/8 UNIT TRUST PANEL * NOVEMBER's panellists have chosen: UK USA Japan Gilts Other Morton * * * * Seagjr * * * Searli * S = speculative * Selections are geared for growth on a 12-month view and are considered worthy of inclusion in a balanced portfolio. MoreP226 CEEFAX 226 Mon 17 Nov 21:16/11 3/8 ] UoIT TRUST PANEL John Morton (Fraser Hjndjrson* * NOVEMBER commentary: UK: Fears of further interest rate rises are receding. Wj anticipate a politically driven return to the downward trend shortly. Many shares offer fair value and the market should rise towards year-end. US: Lower interest rates to stimulate the economy should support the market. The gradual rise in oil prices may produce short-term uncertainty. Try TR American Growth. MoreP226 CEEFA( 226 Mon 17 Nov 21:13/35 4/8 UoIT TRjST PANEL John Morton (Fraser Henderson* * NOVEMBER commentary (cont): Japan: Take a longer-term view. The domestic economy is sluggish. Expect uncertainty and further govjrnmjnt measures. Gartmore Japan is well placed to benefit from future market rises. Europe: It's been a dull summer. But trusts orientated towards Getmanz, France, and Switzerland, such as Mercury Europe, can make the most of currency movements. MoreP226 CEEFAX 226 Mon 17 Nov 21:34/34 5/8 UoIT TRjST PAoEL Sean Seagjr (Whitechurch Securities) * NOVEMBER commentary: UK: The rise in interest rates has postponed the recovery which usually follows the summer doldrums. However, while a further rise in rates could be forthcoming, it is already largely discounted and we expect equity prices to recover over the next jew months. Both Holborn Smaller Companies and L!urentian High Income look attractive. Gilts: Yields offer very good value vis-a-vjs inflation. MoreP226 CEEFA( 226 Mon 17 Nov 21:24/50 6/8 UoIT TRUST PAoEL Sean Seager (Whitechurch Securities) * NOVEMBER commentary (cont): US: Unit trust performance has been disappointing against the US market, but hold for the time being. Japan: Looks attractive after the shake-out. Thjte may bj a little further downside, but long-term prospects look bright. Europe: After a shaky eight months, Europe now looks attractive. We are quite keen and recommend Provident Mutubl Europe. MoreP226 CEEFAX 226 Mon 17 Nov 21:41/44 7/8 UoIT TRUST PANEL Mark Searle (Richards Longstaff) * NOVEZBER commentary: UK: Uncertainties prevail. Big Bang, weak sterling, poorer trade figures and poor monetary statistics do not bode well. US Wj remain !mbivalent. Should pick up early in 1987. Favour smaller, second- line stocks. Japan: A period of consolidation seems likely. Rjcovjty on NUT issue may bj temporary. Hold for the longer term. MoreP226 CEEFAX 226 Mon 17 Nov 21:11/13 8/8 ] UoIT TRjST PANEL Mark Searle (Richards Longstaff) * NOVEMBER commentary (cont): Europe: Offers "est prospects of capital growth, although unlikely to produce fireworks in the short term. Recommended: Fidelity European Growth, Baring First European. Hongkong & Pacific Basin: Good prospects for above-average growth and heavier capital appreciation in manufacturing economies. Commodity- based economies should bj avoided. Recommended: Thornton Tiger. More