P207 CEEFAX 2 207 Thu 25 Dec 23:14/34 UNIT TRUSTS 1/7 The Cjefax Unit Trust Panel draws on a number of independent 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 Next News News Head YourMonjy Main MenuP207 CEEFAX 2 207 Thu 25 Dec 23:14/10 UNIT TRUSTS 2/7 * December selections US Europe USA Japan Othjt Mark Dampiir * * Richard * * Jennings Brian * * Bailey * 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 200 Front page 100 Next News News Head YourMonjy Main MenuP207 CEEFAX 2 207 Thu 25 Dec 23:14/15 UNIT TRUSTS 3/7 Mark Dampiir, Churchill Investments Overview Volatility is becoming rathjt an overused word, however this is what we can expect in the short term. Therefore look for long term rewards. The US remains our favourite major market, institutional cash is at record levels, pessimism abound, so you therefore buy on the weakjt days. The broader market has hardly moved for over a year, there are plenty of opportunities for the stockpickjrs. Wj would recommend Jupiter Special Situations, GT Income, CF Quantock and Britannia Smaller Companies. December commentary Next News News Head YourMonjy Main MenuP207 CEEFAX 2 207 Thu 25 Dec 23:14/34 UNIT TRUSTS 4/7 Mark Dampiir, Churchill Investments JAPAN Evidence is still njedjd that the govjrnmjnt will take decisive action — if we see it buy Martin Currie Japan. FAR EAST The area has been a blood bath. But the quality funds are concentrating in North East Asia. This must bj coming close to a buying opportunity — buy GT Orient and Henry Cooke Eastern Enterprise. AMERICA Smaller and mid caps offer the best value. Buy Hill Samuel US Smaller Companies. EUROPE Takjovjrs and mjrgjrs will keep markets moving. Buy Pilgrim European, Credit Suissj European and Threadnjedle European Select. December commentary Next News News Head YourMonjy Main MenuP207 CEEFAX 2 207 Thu 25 Dec 23:14/14 UNIT TRUSTS 5/7 Brian Bailey Grenville Waters Lunniss In September we took a cautious view on markets and continue this strategy for the short to medium term. For the longer term, we still recommend Baring Europe Select, Gartmore European Selected Opportunities, Gartmore American Emerging Growth and Schrodjr US Smaller Co's. For global investment, we recommend GT Global Dynamic Thjmj Fund. Currently it would bj prudent to delay purchases awaiting furthjt djvjlopmjnts in the Far East. December commentary Next News News Head YourMonjy Main MenuP207 CEEFAX 2 207 Thu 25 Dec 23:14/34 UNIT TRUSTS 6/7 Richard Jennings JNJ Asset Management OVERVIEW The recent shake-out in the world's markets has obviously lead to bjttet value being available in our favoured markets, which remain the US and Europe. There is likely to bj more "pain before the gain" in Asia for some time, so avoid for now, although Honk Kong is a different story. Likewise, we see no reason to bj buying into Japan for some time yet. December commentary Next News News Head YourMonjy Main MenuP207 CEEFAX 2 207 Thu 25 Dec 23:06/33 UNIT TRUSTS 7/7 Richard Jennings JNJ Asset Management US Economic growth continues, albeit at perhaps a slower rate than before. Schrodjr US Smaller Co's. US Jupiter US Special Situations and Gartmore US Capital Growth, should bj in a position to capitalisj on a strong domestic economy. For the more cautious, Govjtt US Safeguard. EUROPE Try Baring European Growth or Jupiter European. December commentary Next News News Head YourMonjy Main Menu