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Diversify in one step with new type of u... Stampeding bulls in the local marke... UNIT TRUSTS:Syfrets Balanced Fun... Even property in Cape Town doesn't beat ... Top-down and bottom-up investment... |
CASHBOXTOP SECTOR Which category of unit trust funds should you have been invested in over the past three years? The top performing sector in the local industry was one associated with high risk - the specific equity sector - which recorded annualised growth of 22% over the period. The sector until recently included the smaller companies funds which were mostly responsible for its good performance. The second-ranking sector was bonds at 19% annualised growth, and third is the managed prudential sector at 17%. Then comes the financial and industrial equity sector at 16.7%, high income at 15%, general equity at 12%, international at 9% and index at 8.6%. The mining and resources equity sector recorded negative annual growth of 2% and gold equity came in at the bottom with a negative 14%. The industry average was 12%. ON THE MOVE UAL's Selected Opportunities fund has moved sectors - causing a stir in the industry because it immediately jumped into the number one slot in the general equity sector rankings over six months. It was previously in the specific equity sector. Sources say the fund invests in smaller companies and cyclical and recovery situations, and should therefore not be classified with general equity funds which invest more in blue chip stocks. Alister Colquhoun of UAL, also head of the Association of Unit Trusts' standing committee on fund management, says the fund is of a general nature and qualifies for the general equity sector.
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