Introduction to Specialists

The 'Specialist' sector is a melting pot and may include everything from thematic healthcare or agriculture funds to specific regional funds, such as Latin American or Korea. The sector also increasingly contains multi-asset funds from managers who want to retain maximum flexibility in their asset allocation, plus absolute return funds.

It can be difficult to compare performance within the sector because fund managers are invested in such different types of companies and markets. As such, Latin American funds may be top in a year where the markets have performed particularly well, while healthcare funds may do well in a more risk averse investment environment. The key is to compare like with like, checking a fund's performance against both its peer group and similar funds rather than the specialist sector as a whole.

Investors will find funds in this sector that can allow them to express nuanced asset allocation views and invest in specific within their portfolios - the growth of agriculture, for example, or the ageing population.

The tax treatment of investments is subject to tax law and HMRC practice which are subject to change. 

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Acc1.9762.22254.73531.10-Buy
AXA Framlington Financial Z Acc15.5732.8697.9942.001.36Buy
AXA Framlington Health Z Acc20.7669.99163.52559.340.17Buy
Aberdeen Eastern European Equity I Acc35.445.7528.2420.121.30Buy
Aberdeen Global Emerging Markets Infrastructure Equity Y2 EUR12.4215.5929.49244.540.20Buy
Aberdeen Global Emerging Markets Infrastructure Equity I2 USD10.55-8.909.01244.541.30Buy
Aberdeen Global Emerging Markets Infrastructure Equity R2 GBP39.7821.1837.44244.541.30Buy
Aberdeen Latin American Equity I Acc73.1111.2722.28185.081.10Buy
Aberdeen Multi Manager Ethical Portfolio I Acc29.4541.4984.5749.010.10Buy
Artemis Global Energy I Acc31.91-28.11-27.0539.770.95Buy
Aviva Inv Multi asset I R36.6716.70-93.530.57Buy
Aviva Inv Multi Asset II R310.3523.5142.67399.750.83Buy
Aviva Inv Multi asset III R314.7529.69-570.001.01Buy
Aviva Inv Multi Asset IV R317.1233.4967.54319.171.19Buy
Aviva Inv Multi Asset V R320.3539.2169.2673.541.05Buy
Baillie Gifford Diversified Growth B Acc4.2713.2030.766,264.601.31Buy
Baillie Gifford Multi Asset Growth B Acc---95.881.09Buy
Baring Global Agriculture I Acc GBP29.6029.6053.1666.900.80Buy
Baring German Growth I Acc GBP23.4033.26103.06417.941.30Buy
BlackRock Dynamic Diversified Growth D Acc-1.834.4517.862,845.131.08Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Inc1.9560.50247.18531.10-Buy
AXA Framlington Financial Z Inc15.5630.2993.3842.001.44Buy
AXA Framlington Health Z Inc20.7068.35158.23559.340.17Buy
Aberdeen Financial Equity I Inc31.31--45.781.40Buy
Aberdeen Multi Manager Ethical Portfolio I Inc29.4641.5084.5849.010.10Buy
Baillie Gifford Diversified Growth B Inc4.2613.0930.576,264.601.31Buy
Baring German Growth I Inc GBP23.4033.29100.42417.941.40Buy
Baring Korea Trust I Inc GBP16.9023.7829.62161.800.20Buy
BlackRock Dynamic Diversified Growth D Inc-1.744.5117.832,845.131.08Buy
BlackRock Gold & General D Inc83.4943.98-24.321,375.030.23Buy
BlackRock Natural Resources Growth & Income D Inc37.7916.1919.0647.562.99Buy
Consistent Unit Trust Inc5.7714.3744.3636.983.91Buy
F&C High Income C Inc2.910.874.5284.424.90Buy
F&C UK Equity Linked Gilt 2 Inc25.9447.5894.99166.791.20Buy
FP Russell Real Assets C Inc10.059.9321.08124.540.01Buy
Fidelity China Consumer A GBP32.9950.23105.261,580.06-Buy
Fidelity Global Consumer Industries A GBP27.1854.32116.41572.00-Buy
Fidelity Global Industrials A GBP35.1723.9746.3495.94-Buy
First State Global Listed Infrastructure B GBP Inc35.9461.69108.081,985.942.65Buy
Franklin Global Listed Infrastructure W QDis GBP33.3253.10-59.55-Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord36.62105.90289.2043.41463.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure16.8879.69122.62--Buy
Aberdeen Private Equity Ltd GBP23.8240.05117.55-25.37144.05Buy
Acencia Debt Strategies Ltd-4.900.8033.9126.081.15Buy
Alcentra European Floating Rate Income Limited Ord2.136.44--4.22103.36Buy
Allianz Technology Trust PLC39.2759.76159.20-3.99874.90Buy
Alternative Liquidity30.36----Buy
Apax Global Alpha Limited Ord Npv24.10---6.83152.00Buy
BBGI SICAV S.A. Ord18.9142.64-19.83120.80Buy
BH Global GBP-5.042.811.34-1,373.00Buy
BH Global USD-2.225.902.06-13.58Buy
BH Macro EUR-5.90-8.56-4.29-20.72Buy
BH Macro GBP-6.19-9.11-3.81-2,131.00Buy
Baker Steel Resources Trust47.37-34.88-72.41-32.8541.70Buy
Better Capital 200953.43-4.4260.58-17.33116.73Buy
Better Capital 2012 Ord-37.39-66.10--49.6071.43Buy
Big Yellow Group PLC-4.5955.41223.12-569.10Buy
BlackRock Commodities Income IT31.37-8.11-8.212.1281.28Buy
BlackRock World Mining IT47.58-18.86-33.51-12.48369.07Buy


Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP13.2715.3520.2434.45GBXEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP14.0121.4839.0495.21GBXEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP18.5528.9022.6083.44GBXEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP23.3530.6944.7277.59GBXEquity - Other SpecialistBuy
iShares Dow Jones Industrial AverageSM UCITS ETF B GBP22.0832.2763.20120.73GBXEquity - Other SpecialistBuy
iShares Emerging Market Infrastructure UCITS ETF GBP23.6731.0729.1359.54GBPEquity - Other SpecialistBuy
iShares Global Infrastructure UCITS ETF GBP23.0131.2245.4467.21GBPEquity - Other SpecialistBuy
iShares Global Timber & Forestry UCITS ETF GBP27.1231.7835.6792.19GBPEquity - Other SpecialistBuy


Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-32.40-35.31-58.02-14.687.07VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-34.81-34.48-63.52-43.3358.33VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P-0.54-2.95-91.10-17.6719.33InfrastructureBuy
Hygea VCT-10.91-27.9416.0768.04-27.99-VCT Specialist Healthcare & BiotechnlgyBuy
IBIS Media VCT 1--58.00-73.6535.30-40.51-VCT Specialist Media Leisure & EventsBuy
Oxford Technology 2 VCT PLC12.5015.3815.3828.00-28.5712.50VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC25.9016.7698.3385.51-38.6041.90VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-19.1766.74106.7866.68-32.5125.00VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-16.35-58.61168.7255.83-31.933.42VCT Specialist TechnologyBuy


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