Best and worst: North American Unit Trusts

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The Independent Online
AS Wall Street booms, people who invested in the Thornton American Smaller Companies trust a year ago have lost 10 per cent of their money. Its performance over six months is slightly above average but over one month it is again at the bottom of the table, showing a loss of more than 5 per cent, writes Maria Scott.

David Harding of Thornton said the pounds 2.8m trust had specialised in unlisted small company stocks that were difficult to trade.

John Plumpton of Prolific Asset Management said his company's fund had done well from smaller company technology stocks - plus currency gains that amounted to about a fourth of last year's profits.

He said the last 15 months had produced a 'blistering' performance in the US market, in particular among smaller company stocks. But he was optimistic there would be further gains. 'Small companies have been in a bear market for about the last eight or nine years,' he said.

----------------------------------------------------------------- NORTH AMERICAN UNIT TRUSTS ----------------------------------------------------------------- The best pounds 1 Prolific American Opportunities . . . . . . . .193.87 2 Gartmore American Emerging Growth . . . . . . .181.39 3 Perpetual American Smaller Companies . . . . . 180.54 4 Schroder US Smaller Companies . . . . . . . . .177.88 5 Hypo F&C US Smaller Companies . . . . . . . . .175.47 The worst 119 Waverley Canadian Balanced Growth . . . . . .122.04 120 Govett MIS US Bear . . . . . . . . . . . . . 118.13 121 Capital House North American Growth . . . . .116.31 122 City Financial American . . . . . . . . . . .115.14 123 Thornton American Smaller Companies . . . . . 91.55 ----------------------------------------------------------------- The chart shows the value of pounds 100, invested over one year to 2 August, offer-to-bid, income reinvested. ----------------------------------------------------------------- Source: Micropal -----------------------------------------------------------------

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