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 Inc 12.694.12111.56491.15-Buy
AXA Framlington Financial Z Inc 12.9637.5861.2157.461.54Buy
AXA Framlington Health Z Inc 4.7817.4783.21485.790.38Buy
Aberdeen Financial Equity I Inc 15.2144.49-50.141.00Buy
Aberdeen Multi Manager Ethical Portfolio I Inc 8.7336.4862.5068.770.20Buy
Baillie Gifford Diversified Growth B Inc 2.9112.4818.886,780.261.97Buy
Baillie Gifford Multi Asset Growth B Inc 3.55--627.051.59Buy
Barings German Growth Trust I Inc GBP 11.0655.5588.13794.181.40Buy
Barings Korea Trust I Inc GBP 17.0831.9748.30117.300.20Buy
BlackRock Dynamic Diversified Growth D Inc 4.845.2112.942,419.441.11Buy
BlackRock Gold & General D Inc -13.5024.872.971,005.650.01Buy
BlackRock Natural Resources Growth & Income D Inc 21.3240.1331.0967.862.01Buy
Consistent Unit Trust Inc -3.162.6717.4515.464.67Buy
EF Tellsons Endeavour IF Inc3.6211.68-28.003.63Buy
F&C High Income C Inc 3.946.705.5571.605.00Buy
F&C UK Equity Linked Gilt 2 Inc 6.8440.2371.44106.350.90Buy
FP Russell Investments Real Assets C Inc 1.506.744.94103.931.21Buy
FP WM Global Trend B Inc1.2416.2115.6130.50-Buy
First State Global Listed Infrastructure B Inc -1.9136.4364.512,110.433.33Buy
Franklin Global Listed Infrastructure W QDis GBP0.7229.8656.7482.90-Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord 27.64104.89239.5741.78724.00Buy
Alcentra European Floating Rate Income Limited Ord 1.656.5018.31-5.34104.48Buy
Alternative Liquidity 51.72---58.910.42Buy
Amedeo Air Four Plus Limited Red Ord NPV 11.7527.62-6.94100.06Buy
Apax Global Alpha Limited Ord Npv 3.07---12.66158.00Buy
Axiom European Financial Debt Fund Limited Ord 7.64--0.81102.17Buy
BB Healthcare Trust Plc Red Ord 1p 9.54--1.28118.48Buy
BBGI SICAV S.A. Ord -4.0225.0939.901.78129.69Buy
BH Global GBP 7.734.629.79-6.821,481.00Buy
BH Global USD 6.565.7511.29-6.8814.82Buy
BH Macro GBP -2.65-4.57-16.37-9.122,181.00Buy
Better Capital 2009 -41.01-13.88-44.15-44.10114.48Buy
Better Capital 2012 Ord -10.70-44.06-63.22-47.0945.36Buy
Big Yellow Group PLC 25.9554.77167.49--Buy
Biopharma Credit Plc Ord USD0.01 0.99--3.060.99Buy
Blackstone/GSO Loan Financing Limited -2.1419.73-1.170.90Buy
Bluefield Solar Income Limited 8.5932.38-5.71112.81Buy
Boussard & Gavaudan Holding Ltd GBP 6.4439.6464.38-16.932,088.70Buy
CVC Credit Partners European Opportunities Limited Ord GBP 6.4224.25-0.18111.80Buy
CVC Credit Partners European Opportunities Limited Ord EUR 1.9718.99--1.681.09Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
BlackRock iShares Global Consumer Staples ETF NAV -4.97-5.6314.1564.87AUDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD INDUSTRIALS TR C USD 4.9113.8229.6857.26USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD UTILITIES TR C USD-4.850.7110.7423.81USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER DISCRETIONARY TR C GBP 8.5814.9650.0588.66GBXEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER STAPLES TR C USD-5.16-3.978.7227.17USDEquity - Other SpecialistBuy
SPDR MSCI Europe Industrials UCITS ETF 3.815.5619.5860.64EUREquity - Other SpecialistBuy
SPDR MSCI Europe Utilities UCITS ETF 3.493.63-0.5734.80EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Discretionary UCITS ETF 8.768.475.6361.38EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Staples UCITS ETF -3.86-7.173.8134.78EUREquity - Other SpecialistBuy
SPDR S&P US Consumer Staples Select Sector UCITS ETF -8.75-8.42--USDEquity - Other SpecialistBuy
SPDR S&P US Industrial Select Sector UCITS ETF 6.5015.58--USDEquity - Other SpecialistBuy
SPDR S&P US Utilities Select Sector UCITS ETF -10.93-3.36--USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Staples UCITS ETF -5.08-3.848.6324.91USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Utilities UCITS ETF -4.830.779.8118.97USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Discretionary UCITS ETF 9.7418.2127.7262.68USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Industrials UCITS ETF 4.9913.9329.1053.57USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Materials UCITS ETF 5.5920.8724.3730.99USDEquity - Other SpecialistBuy
Source Consumer Discretionary S&P US Select Sector Source11.7218.6440.4890.88USDEquity - Other SpecialistBuy
Source Consumer Staples S&P US Select-9.27-8.786.0229.80USDEquity - Other SpecialistBuy
Source Industrials S&P US Select 5.8913.2034.6476.93USDEquity - Other SpecialistBuy

Disclaimer

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