Best and worst
Sunday 18 December 1994
Over the past year this has been the case with the international growth unit trust sector. Funds in this sector are distributed throughout the world's markets and may also include more specialised overseas equities.
The result can be big swings in performance, depending on the country - or on which part of its economy - fund managers invest their money.
Funds invested in Latin American equities have been the success story of the past year, while those still in Hong Kong or other parts of the Far East have suffered.
The five top funds of the 154 in this sector over the past 12 months specialise in Latin America or have significant exposure there.
The losers include Prosperity Emerging Markets, which appeared among the top 10 funds in this sector nearly every year in the past seven, until its heavy exposure to Hong Kong caused its value to drop in the past 12 months.
Sue Taylor, investment liaison executive at Prosperity, said: "Last year the trust was doing particularly well, having benefited from a rise in the Hong Kong market. Over the past year, this market has been influenced by what has been happening in China,which has been affected by high inflation and a downturn in sentiment towards the Chinese market.
"Also, Hong Kong has been affected by what is happening in the United States, particularly the rise in interest rates over there."
Although a significant part of Prosperity's fund is still held in the Hong Kong market, it has switched towards Mexico and Brazil in recent months.
A different picture emerges from Framlington's Health Fund, which is currently last in this sector. Anne McMeehan, managing director of Framlington Unit Trust Managers, said: "This kind of fund has always tended to be either top or bottom.
"It is highly specialised, investing in health, medical or biotechnology funds, while 77 per cent of its exposure is in the United States.
"For UK investors, this means that the fall in the value of the US dollar has had repercussions on the value of the fund, while Hillary Clinton's health reform programme depressed shares over the past two years."
Ms McMeehan added that the collapse of the Clinton reforms had taken the fund into the top 10 performers in the past quarter.
INTERNATIONAL GROWTH UNIT TRUSTS The best % 1 Edinburgh Latin American 9.8
2 Providence Capitol Latin American Cos 8.5
3 Abtrust Latin American 7.7
4 Stewart Ivory Emerging Markets 6.9
5 Laurentian International 6.8
The worst 150 PC Temple Equity -11.1
151 Prosperity Emerging Markets -13.4
152 Mayflower International Leaders -13.4
153 Chartered International Growth -14.7
154 Framlington Health Fund -15.5
The table shows the percentage rise or fall over 12 months to 1 December, offer to bid, net income reinvested. Source: HSW
Independent Partners; request a free guide on NISAs from Hargreaves Lansdown
- 1 Unseen Charlie and the Chocolate Factory chapter deemed 'too subversive' released
- 3 Joan Rivers: 'Palestinians deserve to be dead'
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 Mexican woman becomes world’s 'oldest person' at 127
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
iJobs Money & Business
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28 - 32k + Uncapped Commission: Guru Careers: A Business Development Manager ...
£40000 - £70000 per annum + Bonus+Benefits+Package: Harrington Starr: C# .NET ...
Day In a Page
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize
A three-bedroom red-brick cottage with outbuildings and pretty gardens, £200,000
This three-bedroom flat within a former textile factory spans the corner of the fourth floor and has a balcony