Best and Worst

Article excerpt

UNIT TRUSTS The best %

1 Edinburgh Latin America 15.12

2 Prov Capitol Latin America 15.02

3 S&P Latin America 14.49

4 Govett UK Equity Income 13.69

5 Gartmore Shaw Utilities 13.65

The worst

1390 Murray Global Bond -3.78

1391 Fidelity Gilt and Fixed interest -3.86

1392 Schroder Seoul -4.62

1393 Thornton Dresdner Eurobond -4.79

1394 Semper Eadem Sector -4.81

Figures show the return over one month to 1 September 1994. Based on prices on an offer-to-offer basis.

Source: Micropal

THE performance of the top unit trusts over one month was heavily influenced by the Mexican elections.

In the three weeks leading up to the vote in the middle of August, the market rose sharply in anticipation of the election of Ernesto Zedillo. His success should mean that the economic growth engineered by his predecessor is maintained.

Gavin Grant, head of the Latin American department at Edinburgh Fund Managers, said: "There is fundamental growth in the Mexican market. We are increasing our asset allocation. It will be interesting to see whether Zedillo continues his predecessor's commitment to keeping down inflation, or whether he will increase public spending. …