Specialists

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 Acc-3.2854.06226.20520.89-Buy
AXA Framlington Financial Z Acc23.5941.66105.0546.902.06Buy
AXA Framlington Health Z Acc6.4552.75135.25508.150.42Buy
Aberdeen Eastern European Equity I Acc31.425.5324.9219.401.20Buy
Aberdeen Global Emerging Markets Infrastructure Equity R2 GBP32.1414.1624.25181.291.20Buy
Aberdeen Latin American Equity I Acc51.083.03-1.86183.591.00Buy
Aberdeen Multi Manager Ethical Portfolio I Acc22.0938.8579.1952.180.20Buy
Artemis Global Energy I Acc51.98-21.28-23.7342.400.92Buy
Aviva Inv Multi asset I R34.7515.07-98.930.58Buy
Aviva Inv Multi Asset II R38.2821.9038.09412.880.85Buy
Aviva Inv Multi asset III R312.4627.80-579.311.03Buy
Aviva Inv Multi Asset IV R314.6931.1861.52321.211.21Buy
Aviva Inv Multi Asset V R318.2937.2062.7974.671.08Buy
Baillie Gifford Diversified Growth B Acc5.1313.2929.856,324.431.29Buy
Baillie Gifford Multi Asset Growth B Acc6.10--133.741.11Buy
Baring Global Agriculture I Acc GBP27.5125.6346.9469.900.80Buy
Baring German Growth I Acc GBP16.4029.88102.22434.751.30Buy
BlackRock Dynamic Diversified Growth D Acc-2.903.1616.102,741.741.09Buy
BlackRock Gold & General D Acc73.4045.84-38.991,142.300.28Buy
BlackRock Natural Resources Growth & Income D Acc62.1424.8221.4547.112.84Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Inc-3.2752.48219.13520.89-Buy
AXA Framlington Financial Z Inc23.5338.96100.1446.902.20Buy
AXA Framlington Health Z Inc6.5251.46130.64508.150.42Buy
Aberdeen Financial Equity I Inc30.31--46.981.30Buy
Aberdeen Multi Manager Ethical Portfolio I Inc22.0738.8579.1952.180.20Buy
Baillie Gifford Diversified Growth B Inc5.1113.2529.606,324.431.29Buy
Baring German Growth I Inc GBP16.3829.9299.59434.751.40Buy
Baring Korea Trust I Inc GBP9.4615.9319.99156.600.20Buy
BlackRock Dynamic Diversified Growth D Inc-2.943.1416.072,741.741.09Buy
BlackRock Gold & General D Inc73.3845.81-39.001,142.300.28Buy
BlackRock Natural Resources Growth & Income D Inc62.1924.9321.6747.112.85Buy
Consistent Unit Trust Inc9.1016.9642.8536.983.98Buy
F&C High Income C Inc4.692.225.0683.734.90Buy
F&C UK Equity Linked Gilt 2 Inc24.7249.0481.68167.991.20Buy
FP Russell Real Assets C Inc11.9411.6816.63118.590.01Buy
First State Global Listed Infrastructure B GBP Inc33.3457.9894.352,036.422.83Buy
Franklin Global Listed Infrastructure W QDis GBP29.9146.62-60.80-Buy
Invesco Perpetual Emerging European Z Inc47.9413.4329.6228.972.13Buy
Invesco Perpetual Latin American Z Inc33.84-7.56-15.08211.561.49Buy
Invesco Perpetual Global Financial Capital Z Inc5.2818.25-77.135.73Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord52.85119.44371.0227.13551.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure13.1781.03121.28--Buy
Aberdeen Private Equity Ltd GBP30.7551.40137.98-26.14152.83Buy
Acencia Debt Strategies Ltd1.850.1540.5125.101.15Buy
Alcentra European Floating Rate Income Limited Ord3.697.81--4.51104.20Buy
Allianz Technology Trust PLC19.7852.56155.78-4.72811.79Buy
Alternative Liquidity60.00----Buy
Apax Global Alpha Limited Ord Npv19.69---16.48157.00Buy
BB Healthcare Trust Plc Red Ord 1p---3.9998.81Buy
BBGI SICAV S.A. Ord8.3633.41-11.13120.80Buy
BH Global GBP-0.315.756.37-9.351,412.00Buy
BH Global USD1.238.338.89-14.00Buy
BH Macro EUR4.150.752.03-21.79Buy
BH Macro GBP3.03-0.771.27-7.422,237.00Buy
Baker Steel Resources Trust56.52-39.33-71.35-36.9242.80Buy
Better Capital 200966.641.6855.51-13.42116.08Buy
Better Capital 2012 Ord-17.06-66.58--43.1561.13Buy
Big Yellow Group PLC-16.2947.58180.97-594.10Buy
BlackRock Commodities Income IT73.980.15-6.041.5783.69Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP-2.056.7611.7626.84GBXEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP-0.036.0127.9573.65GBXEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP14.8425.3725.0489.27GBXEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP11.5932.0140.8768.61GBXEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER DISCRETIONARY TR C GBP22.1022.8252.89142.60GBXEquity - Other SpecialistBuy
iShares Dow Jones Industrial AverageSM UCITS ETF B GBP27.4535.3168.42120.95GBXEquity - Other SpecialistBuy
iShares Emerging Market Infrastructure UCITS ETF GBP9.2521.9316.6041.10GBPEquity - Other SpecialistBuy
iShares Global Infrastructure UCITS ETF GBP10.1931.6942.2057.98GBPEquity - Other SpecialistBuy
iShares Global Timber & Forestry UCITS ETF GBP29.1132.1545.33102.15GBPEquity - Other SpecialistBuy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-32.40-35.31-60.44-18.107.07VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-41.15-40.85-69.05-52.9343.08VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P-0.54-2.95-91.10-17.6719.33InfrastructureBuy
Hygea VCT-9.43-29.9315.0166.94-28.30-VCT Specialist Healthcare & BiotechnlgyBuy
IBIS Media VCT 1-11.90-7.50-76.7833.21-44.29-VCT Specialist Media Leisure & EventsBuy
Oxford Technology 2 VCT PLC12.50-28.5728.00-28.5712.50VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC7.2516.76122.7488.19-40.4741.90VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-20.5188.97117.6765.49-38.9325.00VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-0.46-58.61327.5155.47-31.503.42VCT Specialist TechnologyBuy

Disclaimer

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