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 Acc17.1567.73199.96534.09-Buy
AXA Framlington Financial Z Acc36.2049.66103.9451.081.82Buy
AXA Framlington Health Z Acc17.1265.18141.02549.700.33Buy
Aberdeen Eastern European Equity I Acc26.6533.0823.8320.171.20Buy
Aberdeen Global Emerging Markets Infrastructure Equity R2 GBP34.4331.0632.28188.651.20Buy
Aberdeen Latin American Equity I Acc46.0520.6711.77218.791.00Buy
Aberdeen Multi Manager Ethical Portfolio I Acc26.0443.8984.2658.420.20Buy
Artemis Global Energy I Acc31.95-23.19-29.9743.290.93Buy
Baillie Gifford Diversified Growth B1 Acc9.6617.1030.076,593.721.50Buy
Baillie Gifford Multi Asset Growth B1 Acc11.31--305.261.48Buy
Baring Global Agriculture I Acc GBP28.1633.1348.6171.000.80Buy
Baring German Growth I Acc GBP35.0145.37119.12544.201.30Buy
BlackRock Dynamic Diversified Growth D Acc3.913.7518.222,803.131.26Buy
BlackRock Gold & General D Acc16.3836.94-21.691,165.29-Buy
BlackRock Natural Resources Growth & Income D Acc30.5315.5618.5751.762.54Buy
CF Canlife Global Infrastructure C22.1434.73-13.732.09Buy
CF Canlife Global Resource C23.50-5.91-14.690.25Buy
CF Canlife Strategic Return C Acc11.24--20.600.15Buy
CF Canlife Total Return C7.412.7014.5215.582.20Buy
CF Eclectica Agriculture C Acc GBP23.6731.1642.0118.330.53Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Inc17.1766.73193.39534.09-Buy
AXA Framlington Financial Z Inc36.1947.3497.6151.081.85Buy
AXA Framlington Health Z Inc17.1064.09135.53549.700.33Buy
Aberdeen Financial Equity I Inc30.9946.73-48.451.20Buy
Aberdeen Multi Manager Ethical Portfolio I Inc26.0443.8984.2658.420.20Buy
Baillie Gifford Diversified Growth B Inc9.1016.4829.506,593.721.50Buy
Baring German Growth I Inc GBP35.0045.41116.27544.201.40Buy
Baring Korea Trust I Inc GBP21.8532.4137.32115.400.20Buy
BlackRock Dynamic Diversified Growth D Inc3.893.6418.152,803.131.26Buy
BlackRock Gold & General D Inc16.3736.92-21.671,165.29-Buy
BlackRock Natural Resources Growth & Income D Inc30.5115.6018.5851.762.54Buy
CF Miton Global Infrastructure Income B Inc GBP---7.80-Buy
CF Miton Global Infrastructure Income F Inc GBP---7.80-Buy
CF Woodford Income Focus C Inc GBP---302.63-Buy
Consistent Unit Trust Inc11.6915.2345.1412.893.87Buy
F&C High Income C Inc4.864.006.4580.894.90Buy
F&C UK Equity Linked Gilt 2 Inc32.5355.5096.02168.091.10Buy
FP Russell Investments Real Assets C Inc10.3110.3919.07117.911.50Buy
FP Tellsons Endeavour IF Inc11.2012.08-26.10-Buy
First State Global Listed Infrastructure B GBP Inc29.1062.49113.912,321.742.80Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord72.61137.81428.6043.28558.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure13.8182.79114.7117.74165.70Buy
Aberdeen Private Equity Ltd GBP40.6153.09127.33-19.64147.31Buy
Acencia Debt Strategies Ltd21.480.8842.04-5.941.67Buy
Alcentra European Floating Rate Income Limited Ord5.918.1428.96-2.24103.83Buy
Allianz Technology Trust PLC54.3299.41189.17-5.41981.38Buy
Alternative Liquidity52.88----Buy
Apax Global Alpha Limited Ord Npv24.35---10.58163.00Buy
Axiom European Financial Debt Fund Limited Ord11.12--1.4298.11Buy
BB Healthcare Trust Plc Red Ord 1p---3.23109.95Buy
BBGI SICAV S.A. Ord9.2737.1363.8215.51124.66Buy
BH Global GBP3.938.5010.70-8.881,436.00Buy
BH Global USD5.2311.0413.13-7.5714.26Buy
BH Macro EUR7.937.734.74-5.7021.66Buy
BH Macro GBP8.618.613.67-4.802,227.00Buy
Baker Steel Resources Trust109.72-12.72-64.72-23.2749.20Buy
Better Capital 200951.5267.2549.29-7.82116.08Buy
Better Capital 2012 Ord25.62-60.35-62.32--Buy
Big Yellow Group PLC4.1065.97210.71--Buy


Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
iShares Dow Jones Industrial AverageSM UCITS ETF B GBP11.1835.7377.69121.11GBXEquity - Other SpecialistBuy
iShares Emerging Market Infrastructure UCITS ETF GBP0.1021.9132.8442.34GBPEquity - Other SpecialistBuy
iShares Global Infrastructure UCITS ETF GBP1.4124.1541.8669.15GBPEquity - Other SpecialistBuy
iShares Global Timber & Forestry UCITS ETF GBP13.4943.0762.01102.19GBPEquity - Other SpecialistBuy


Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-36.50-40.91-44.4760.44-23.067.53VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-37.81-47.59-49.2157.10-46.5845.90VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P-2.88-6.83-6.8380.60-10.6716.67InfrastructureBuy
Hygea VCT-6.25-26.23-0.2168.30-34.11-VCT Specialist Healthcare & BiotechnlgyBuy
Oxford Technology 2 VCT PLC-95.6540.62--28.32-VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC-18.7654.1161.72--42.28-VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-23.0841.7364.32--34.43-VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-3.433.4792.51--37.283.71VCT Specialist TechnologyBuy


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