The Govett US bear fund is back at the top of the unit trust tables,
reflecting the continuing sluggish nature of global equity markets. The
fund reverse-tracks the S&P 500 index, performing well when markets are at
The average unit trust return for the past year is now down to -16.83 per
cent, meaning £1,000 lump sum invested a year ago would now be worth
£832. Investment trusts have fared slightly better, with the average
return for the past year at -5.29 per cent.