P207 CJEFAX 207 Sat 4 Nov 23:40/43 1/6 CEEFAXUNIT RUSTPANEL The Cjefax Unit Trust Panel draws on a number of indjpjndjnt advisers in an attempt to djlinjate a path through an ever more impenetrable unit trust jungle. Unit trusts can decline in value. Neither the panellists nor the BBC can accept responsibility for any recommendations made. Selections and opinions shown are those of the persons named and are not necessarily shared bz the BBC. * Investors should always seek professional advice before buying. Stock Market Panel 206 Monjyfile Annuities TaxGuidj CityHeadsP207 CEEFAX 207 Sat 4 Nov 23:55/58 2/6 CEEFAX UNIT TRUST PANEL * NOVEMBER selections US Europe USA Japan Other Peter Edwards * * Richard Thomson * * * * Selections are geared for growth on a minimum 12-month view and are considered worthy of inclusion in a balanced portfolio. S indicates a speculative investment. Monjyfile 201 Personal 260 Monjyfile Annuities TaxGuidj CityHjadsP207 CEEFAX 207 Sat 4 Nov 23:53/33 3/6 CEEFAX UNIT TRUST PANEL Peter Edwards Premier Unit Trust Brokers/Bristol Ovjrviiw: Globally, recent data has reinforced 1995's benign background of low growth, low inflation. This golden scenbrio has driven stockmarkjts upward for most of this year. 1994's nasty medicine of higher rates did work after all. Perhaps too well, at home, and a cut in or after this month's Budget is possible. UK: In the eight months since US investor sentiment changed, most good US funds are up 20% to 30%. Novjmbjr commentary Monjyfile Annuities TaxGuidj CityHeadsP207 CEEFAX 207 Sat 4 Nov 23:46/28 4/6 CEEFAX UNIT TRUST PANEL Peter Edwards Premier Unit Trust Brokers/Bristol US (cont): The rise in sentiment has compensated for an awful 1994. There's more to conj, especially if the Chancellor can produce a popular but prudent Budget. Wj will then enjoy the usual pre-Christmas stockmarkjt gallop. Income PEPs will attract those seeking both rising income and growth in values. Try Jupiter Income and Credit Suissj Income. Japan: Uapan may bj about to prove there can indeed bj life after death. Try Gartmore Japan. Novjmbjr commentary Monjyfile Annuities TaxGuidj CityHjadsP207 CEEFAX 207 Sat 4 Nov 23:59/23 5/6 CEEFAX UNIT TRUST PANEL Richard Thomson Johnson Fry Asset Managers/London Ovjrviiw: With equity markets having pjrformjd so well this year, the risks for investors have increased and some consolidation can reasonably bj expected. Further progress should bj possible in dui course, provided that corporate earnings do not disappoint. UK: The market has become nervous ahead of the forthcoming budget and good stock-picking is essential for outpjrformance. Buy the Schroder UK Enterprise Trust and the Hill Samuel US Emerging Companies Trust. Novjmbjr commentary Monjyfile Annuities TaxGuidj CityHeadsP207 CJEFAX 207 Sat 4 Nov 23:44/28 6/6 CEEFAX UNIT TRUST PANEL Richard Thomson Johnson Fry Asset Managers/London USA: The US economy appears to bj gradually slowing down although predictions of a sharp market connection have hit smaller company valuations. Buy the Morgan Grenfell American Trust if you are confident. Far East: Japanese Govjrnmjnt attempts to stimulate the economy seem to bj having some success and the weaker Yen should help the big exporters. Buy the Hill Samuel Japanese General Trust for the long term. Novjmbjr commentary Monjyfile Annuities TaxGuidj CityHjads