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 Acc23.1841.27205.29553.08-Buy
AXA Framlington Financial Z Acc46.3046.1996.1951.321.89Buy
AXA Framlington Health Z Acc22.6756.49140.76554.090.35Buy
Aberdeen Eastern European Equity I Acc42.1128.5322.4421.011.20Buy
Aberdeen Global Emerging Markets Infrastructure Equity R2 GBP44.4735.8323.04173.831.30Buy
Aberdeen Latin American Equity I Acc75.1437.483.23215.021.10Buy
Aberdeen Multi Manager Ethical Portfolio I Acc33.3344.5277.1157.240.20Buy
Artemis Global Energy I Acc58.55-13.44-29.5347.370.89Buy
Aviva Inv Multi asset I R37.4215.8724.21107.470.58Buy
Aviva Inv Multi Asset II R313.1024.5539.04462.760.82Buy
Aviva Inv Multi asset III R319.6932.4952.57642.330.99Buy
Aviva Inv Multi Asset IV R323.7837.0361.48363.331.15Buy
Aviva Inv Multi Asset V R329.5744.5561.9586.371.01Buy
Baillie Gifford Diversified Growth B1 Acc12.3715.9028.146,557.971.51Buy
Baillie Gifford Multi Asset Growth B1 Acc14.77--254.811.50Buy
Baring Global Agriculture I Acc GBP33.2939.1746.3671.200.80Buy
Baring German Growth I Acc GBP32.9435.3198.16441.271.30Buy
BlackRock Dynamic Diversified Growth D Acc3.492.7514.762,785.151.06Buy
BlackRock Gold & General D Acc51.4439.54-28.501,333.740.24Buy
BlackRock Natural Resources Growth & Income D Acc56.5729.9118.0953.962.53Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Inc23.1540.15198.88553.08-Buy
AXA Framlington Financial Z Inc46.2443.6191.5051.322.09Buy
AXA Framlington Health Z Inc22.6455.41135.97554.090.35Buy
Aberdeen Financial Equity I Inc45.3445.44-50.091.30Buy
Aberdeen Multi Manager Ethical Portfolio I Inc33.3344.5177.1157.240.20Buy
Baillie Gifford Diversified Growth B1 Inc11.5815.1227.066,557.971.51Buy
Baring German Growth I Inc GBP32.9435.3695.58441.271.40Buy
Baring Korea Trust I Inc GBP24.4731.7226.97111.200.20Buy
BlackRock Dynamic Diversified Growth D Inc3.502.8014.722,785.151.06Buy
BlackRock Gold & General D Inc51.4239.50-28.511,333.740.24Buy
BlackRock Natural Resources Growth & Income D Inc56.5929.9818.1953.962.53Buy
Consistent Unit Trust Inc15.9514.0541.4437.023.91Buy
F&C High Income C Inc7.053.745.9183.174.80Buy
F&C UK Equity Linked Gilt 2 Inc34.5351.8886.44158.241.00Buy
FP Russell Investments Real Assets C Inc16.0212.9115.95120.020.02Buy
FP Tellsons Endeavour IF Inc12.769.42-25.00-Buy
First State Global Listed Infrastructure B GBP Inc32.4063.04102.172,328.102.87Buy
Franklin Global Listed Infrastructure W QDis GBP31.5250.54-67.79-Buy
Invesco Perpetual Emerging European Z Inc60.1531.2826.1739.891.94Buy
Invesco Perpetual Latin American Z Inc55.8816.46-12.32187.761.28Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord73.9697.81344.1726.16558.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure16.9481.60115.6517.32165.70Buy
Aberdeen Private Equity Ltd GBP46.3975.68135.11-20.01149.24Buy
Acencia Debt Strategies Ltd25.272.3349.57-3.511.62Buy
Alcentra European Floating Rate Income Limited Ord10.539.15--2.85104.99Buy
Allianz Technology Trust PLC61.2963.64168.66-4.68944.20Buy
Alternative Liquidity-----Buy
Apax Global Alpha Limited Ord Npv43.47---4.30157.00Buy
Axiom European Financial Debt Fund Limited Ord-0.37---2.8697.80Buy
BB Healthcare Trust Plc Red Ord 1p---1.31111.04Buy
BBGI SICAV S.A. Ord11.3732.3660.4118.89119.86Buy
BH Global GBP5.8910.809.78-9.821,456.00Buy
BH Global USD6.7213.9110.55-9.2814.44Buy
BH Macro EUR6.516.793.86-7.1722.03Buy
BH Macro GBP3.976.893.10-7.382,262.00Buy
Baker Steel Resources Trust176.52-10.17-67.01-20.6650.10Buy
Better Capital 200946.6658.5163.29-10.84116.08Buy
Better Capital 2012 Ord15.15-58.04-55.58--Buy
Big Yellow Group PLC1.7840.02177.76--Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP-4.2211.278.2332.04GBXEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP-3.2613.9940.0774.52GBXEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP7.5233.7328.2671.91GBXEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP3.2529.0043.5766.55GBXEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER DISCRETIONARY TR C GBP10.9231.9457.93122.93GBXEquity - Other SpecialistBuy
iShares Dow Jones Industrial AverageSM UCITS ETF B GBP18.7344.6679.90119.47GBXEquity - Other SpecialistBuy
iShares Emerging Market Infrastructure UCITS ETF GBP3.6932.2437.9833.91GBPEquity - Other SpecialistBuy
iShares Global Infrastructure UCITS ETF GBP4.9726.0144.5862.65GBPEquity - Other SpecialistBuy
iShares Global Timber & Forestry UCITS ETF GBP23.2558.8249.3690.02GBPEquity - Other SpecialistBuy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-33.77-38.37---7.22VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-40.62-47.59---45.90VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P-1.43-4.89-4.89--19.73InfrastructureBuy
Hygea VCT-11.54-30.307.74---VCT Specialist Healthcare & BiotechnlgyBuy
Oxford Technology 2 VCT PLC-60.7136.36---VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC4.1611.3780.98--28.57VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-23.0841.73126.61---VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-10.58-51.72162.51--3.71VCT Specialist TechnologyBuy

Disclaimer

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