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 Inc2.5220.12162.70483.76-Buy
AXA Framlington Financial Z Inc20.0644.90104.7556.681.68Buy
AXA Framlington Health Z Inc3.3727.65116.50498.900.38Buy
Aberdeen Financial Equity I Inc19.2947.98-51.051.20Buy
Aberdeen Multi Manager Ethical Portfolio I Inc14.0145.0096.4665.320.20Buy
Baillie Gifford Diversified Growth B Inc8.9915.4329.946,795.491.50Buy
Baillie Gifford Multi Asset Growth B Inc10.49--516.171.17Buy
Baring German Growth I Inc GBP32.8972.78137.85756.101.40Buy
Baring Korea Trust I Inc GBP32.6552.6247.79119.000.20Buy
BlackRock Dynamic Diversified Growth D Inc8.794.6820.412,422.271.23Buy
BlackRock Gold & General D Inc-0.9136.28-27.381,053.42-Buy
BlackRock Natural Resources Growth & Income D Inc6.7319.5826.7852.902.45Buy
CF Miton Global Infrastructure Income B Inc GBP---19.17-Buy
CF Miton Global Infrastructure Income F Inc GBP---19.17-Buy
CF Woodford Income Focus C Inc GBP---721.80-Buy
Consistent Unit Trust Inc2.956.9232.2412.544.21Buy
F&C High Income C Inc4.746.3710.0775.674.90Buy
F&C UK Equity Linked Gilt 2 Inc16.8943.8091.53193.571.00Buy
FP Russell Investments Real Assets C Inc8.278.4617.76111.551.47Buy
FP Tellsons Endeavour IF Inc11.2510.51-27.003.63Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord45.85139.97428.8340.26652.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure6.7466.60119.7113.39177.00Buy
Aberdeen Private Equity Ltd GBP14.6560.48107.81-14.81146.58Buy
Acencia Debt Strategies Ltd16.6510.8947.60-3.061.67Buy
Alcentra European Floating Rate Income Limited Ord6.759.4423.39-5.08104.82Buy
Allianz Technology Trust PLC54.57114.83288.91-2.111,235.53Buy
Alternative Liquidity95.82----Buy
Amedeo Air Four Plus Limited Red Ord NPV6.84----Buy
Apax Global Alpha Limited Ord Npv18.33---6.01158.00Buy
Axiom European Financial Debt Fund Limited Ord13.67---4.42104.36Buy
BB Healthcare Trust Plc Red Ord 1p---3.07113.76Buy
BBGI SICAV S.A. Ord0.9521.9055.447.03128.70Buy
BH Global GBP11.859.7018.48-7.781,453.00Buy
BH Global USD9.789.6919.32-8.5914.49Buy
BH Macro GBP2.62-3.23--8.242,136.00Buy
Baker Steel Resources Trust59.2632.31-47.40-16.3451.40Buy
Better Capital 2009-37.4023.71-15.86-53.12125.86Buy
Better Capital 2012 Ord60.91-36.41-50.12-20.8642.96Buy
Big Yellow Group PLC20.2746.30177.38--Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
BlackRock iShares Global Consumer Staples ETF NAV-0.7513.0638.12116.77AUDEquity - Other SpecialistBuy
DB X-Trackers LPX MM Private Equity UCITS ETF 1C GBP5.3817.9555.09133.71GBPEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP3.5625.4118.8059.45GBPEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP3.9122.2443.3479.23GBPEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP6.4127.5556.34100.57GBPEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP2.7214.0432.8881.24GBPEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD INDUSTRIALS TR C USD8.0020.9028.5182.60USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD UTILITIES TR C USD5.6422.2615.3653.03USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER DISCRETIONARY TR C GBP5.8713.8554.37133.59GBXEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER STAPLES TR C USD0.8815.4319.3758.03USDEquity - Other SpecialistBuy
SPDR MSCI Europe Industrials UCITS ETF1.4821.3939.3483.26EUREquity - Other SpecialistBuy
SPDR MSCI Europe Utilities UCITS ETF-0.0719.405.5044.53EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Discretionary UCITS ETF-0.8016.0225.6680.01EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Staples UCITS ETF-4.0613.1928.5761.25EUREquity - Other SpecialistBuy
SPDR S&P US Consumer Staples Select Sector UCITS ETF5.6216.27--USDEquity - Other SpecialistBuy
SPDR S&P US Industrial Select Sector UCITS ETF7.8116.90--USDEquity - Other SpecialistBuy
SPDR S&P US Utilities Select Sector UCITS ETF8.2422.17--USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Staples UCITS ETF0.9515.7218.7054.12USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Utilities UCITS ETF5.6822.5813.6345.14USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Discretionary UCITS ETF7.1320.1428.6487.17USDEquity - Other SpecialistBuy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-16.16-46.96-50.4476.05-45.43-VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-19.72-45.62-52.5476.61-62.80-VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P7.3311.004.1785.60-5.96-VCT Specialist Infrastructure PQBuy
Hygea VCT-8.33-33.33-43.0364.40-31.68-VCT Specialist Healthcare & BiotechnlgyBuy
Oxford Technology 2 VCT PLC62.5092.4397.6438.90-16.4524.62VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC-11.436.863.4281.60-47.929.41VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-7.5056.5310.4054.70-32.36-VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-5.10-32.16-35.7952.60-33.462.86VCT Specialist TechnologyBuy

Disclaimer

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