The best and the worst: Unit trusts

ANYONE brave enough to have bought Japan-invested unit trusts at the beginning of last month should have made a comfortable profit.

At the end of last month Japan's Nikkei index rose more than 1,000 points in response to the Government's announcement of an anti-recessionary programme.

One month can give only a snapshot of unit trust performance, however, and over six months the average Japan trust is still showing a loss of nearly 25 per cent, after initial charges.

Stephen Harker, manager of the Prudential Japanese trust, is not making any predictions. 'After what we have been through in the last year,' he says, 'I am not going to make any forecasts.'

His fund has done particularly well, he says, because it has been heavily invested in banks, stockbrokers, utilities and other stocks.

The Govett MIS Japan Bear trust is a futures-linked trust designed to do well when the Japanese market is doing badly. Its mirror image is the MIS Japan Index Fund.

Gold seems to have lost all its old attraction as a safe haven in uncertain times. But the price dropped last month, taking gold shares with it. The FT Gold Mines index fell nearly 15 per cent and is down nearly 40 per cent over six months.

Peter Foster, marketing manager for CU Asset Management, said the CU fund had suffered not only because of this but also because of demands from investors to redeem units. 'If people won't buy gold now, when will they?' he said.

----------------------------------------------------------------- UNIT TRUSTS ----------------------------------------------------------------- The best pounds 1 Prudential Japanese. . . . . . . . . .118.26 2 James Capel Japan Index. . . . . . . .114.51 3 Legal & Gen Japan Index Tracker. . . .114.15 4 Govett MIS Japan Index. . . . . . . . 113.97 5 Morgan Grenfell Japan Tracker. . . . .113.31 The worst 1363 Govett MIS Japan Bear. . . . . . . . 88.58 1364 SGTR Smaller Corporation. . . . . . .88.44 1365 M&G Gold & General. . . . . . . . . .88.36 1366 Mercury Gold & General. . . . . . . .87.62 1367 CU PPT Gold & Commodities. . . . . . 85.49 Value of pounds 100 invested over a period of one month to 1 September, offer-to-offer. ----------------------------------------------------------------- Source: Micropal -----------------------------------------------------------------

Start your day with The Independent, sign up for daily news emails
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

Day In a Page

Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Tour de France 2015: Twins Simon and Adam Yates have a mountain to climb during Tour of duty

Twins have a mountain to climb during Tour of duty

Yates brothers will target the steepest sections in bid to win a stage in France
John Palmer: 'Goldfinger' of British crime was murdered, say police

Murder of the Brink’s-MAT mastermind

'Goldfinger' of British crime's life ended in a blaze of bullets, say police
Forget little green men - aliens will look like humans, says Cambridge University evolution expert

Forget little green men

Leading evolutionary biologist says aliens will look like humans
The Real Stories of Migrant Britain: An Algerian scientist adjusts to life working in a kebab shop

The Real Stories of Migrant Britain

An Algerian scientist struggles to adjust to her new life working in a Scottish kebab shop
Bodyworlds museum: Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy

Dying dream of Doctor Death

Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy
UK heatwave: Temperature reaches 39.8 degrees on Central Line - the sweatiest place in London

39.8 degrees recorded on Tube

There's hot (London) and too damn hot (the Underground). Simon Usborne braved the Central line to discover what its passengers suffer
Kitchens go hi-tech: From robot chefs to recipe-shopping apps, computerised cooking is coming

Computerised cooking is coming

From apps that automatically make shopping lists from your recipe books to smart ovens and robot chefs, Kevin Maney rounds up innovations to make your mouth water