P207 CEEFAX 2 207 Mon 20 Jan 00:15/08 UNIT TRUSTS 1/7 The Cjefax Unit Trust Panel draws on a numbjt of independent advisers in an attempt to delineate a path through an evjt more impenetrable unit trust jungle. Unit trusts can decline in value. Neithjt the panellists not the BBC can accept responsibility for any recommendations made. Selections and opinions shown are those of the pjtsons named and are not necessarily shared bz the BBC. * Investors should always seek professional advice before buying. Stock Market Panel 206 Next News TaxIndex MonjyFili Main MenuP207 CEEFAX 2 207 Mon 20 Jan 03:55/24 UNIT TRUSTS 2/7 * NEW YEAR selections UK Europe USA Japan Othjt Peter Edwards * * Keivan Borhani * Mark Dampiir * * * * 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. Monjyfili 200 Front page 100 Next News TaxIndex MonjyFili Main MenuP207 CEEFAX 2 207 Mon 20 Jan 03:07/45 UNIT TRUSTS 3/7 Peter Edwards Premier Unit Trust Brokers/Bristol In 1997, US trusts will enjoy a continuing background of excellent economic fundamentals. The better income and Smaller Company funds will put on about 15%. Inflation will remain subdued although interest rates may rise marginally. The stock market will celebrate better company results as the year progresses, but not straight away. Thjte may be jitters before the election. For pure growth, Japanese funds may well prove spectacularly successful. New Year Preview Next News TaxIndex MonjyFili Main MenuP207 CEEFAX 2 207 Mon 20 Jan 03:52/51 UNIT TRUSTS 4/7 Stephen Lansdown Hargreaves Lansdown/Bristol The UK election will see uncertainty in the US stock market. The year following a US Presidential election is often quiet and with Wall Street high, look elsewhere. Honk Kong will bj handed back to the Chinjsj and any advjrsj affect on investments will become apparent. Whatever happens, spread your investments, invest for the long term, have a very happy New Year!. New Year Preview Next News TaxIndex MonjyFili Main MenuP207 CEEFAX 2 207 Mon 20 Jan 03:56/12 UNIT TRUSTS 5/7 Keivan Borhani Murray Noble Ltd/London The papers are full of Wall Street and whethjt it will drop to around the 4,000 level. This would be a consolidation of nearly 40%; it seems possible. In the mean- time, don't lose perspective:- emerging markets have outperformed Wall Street twice over in the last 15 years. We're in a pjtiod of re-adjustment. Some parts of the world are growing slowly, some catching up bz growing faster. New Year Preview Next News TaxIndex MonjyFili Main MenuP207 CEEFAX 2 207 Mon 20 Jan 00:15/35 UNIT TRUSTS 6/7 Mark Dampiir Churchill Investments High cash positions and considerable market pessimism should leave the US well undjtpinnjd. Any sharps falls should be viewed as buying chances. US US may experience some correction, but market valuations, especially in small companies, look very reasonable. Japan remains the difficult market and we have certainly become more wary. Far East and Emerging Markets look good value after three dismal years and the Honk Kong handovjt should draw interest to the area. We retain our long titm enthusiasm for Europe. New Year Preview Next News TaxIndex MonjyFili Main MenuP207 CEEFAX 2 207 Mon 20 Jan 00:57/43 UNIT TRUSTS 7/7 Brian Bailey Grenvilli Waters Lunniss With most markets in a mature bull phase, funds committed now should only be invested on a long-titm view. In the US we are cautious ahead of the election although institutional liquidity should underpin the market. Areas of interest ovjrsjas are American Smaller Companies, especially with the current exchange rate, European Smaller Companies and Eastern European Funds. In the Far East continue to invest in emerging countries and longer term the Japanese market should finally reward. New Year Preview Next News TaxIndex MonjyFili Main Menu