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 Acc27.0544.69195.87544.46-Buy
AXA Framlington Financial Z Acc37.6244.0790.3651.551.85Buy
AXA Framlington Health Z Acc25.4556.65140.58558.440.33Buy
Aberdeen Eastern European Equity I Acc28.1235.6521.0920.451.20Buy
Aberdeen Global Emerging Markets Infrastructure Equity R2 GBP35.1236.5828.73179.141.20Buy
Aberdeen Latin American Equity I Acc47.4330.784.04220.211.00Buy
Aberdeen Multi Manager Ethical Portfolio I Acc28.3844.7478.4958.500.20Buy
Artemis Global Energy I Acc38.18-18.76-30.4445.480.93Buy
Aviva Inv Multi asset I R36.4315.6025.01110.790.62Buy
Aviva Inv Multi Asset II R311.5324.5040.28483.050.79Buy
Aviva Inv Multi asset III R317.2332.8553.61673.080.95Buy
Aviva Inv Multi Asset IV R320.8737.2862.62380.941.07Buy
Aviva Inv Multi Asset V R325.6544.5863.0491.390.94Buy
Baillie Gifford Diversified Growth B1 Acc9.4916.3227.706,514.211.50Buy
Baillie Gifford Multi Asset Growth B1 Acc10.28--264.671.49Buy
Baring Global Agriculture I Acc GBP27.4134.1145.2072.200.80Buy
Baring German Growth I Acc GBP30.6838.93103.99439.591.30Buy
BlackRock Dynamic Diversified Growth D Acc2.672.8315.122,830.051.28Buy
BlackRock Gold & General D Acc33.7740.08-20.641,248.50-Buy
BlackRock Natural Resources Growth & Income D Acc37.6825.1819.3853.932.43Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Inc27.0143.66189.69544.46-Buy
AXA Framlington Financial Z Inc37.6341.7185.8751.552.06Buy
AXA Framlington Health Z Inc25.3055.54135.59558.440.33Buy
Aberdeen Financial Equity I Inc33.4243.97-49.031.20Buy
Aberdeen Multi Manager Ethical Portfolio I Inc28.3844.7578.4958.500.20Buy
Baillie Gifford Diversified Growth B1 Inc8.9315.7327.226,514.211.50Buy
Baring German Growth I Inc GBP30.6438.96101.31439.591.40Buy
Baring Korea Trust I Inc GBP21.3634.6429.28112.700.20Buy
BlackRock Dynamic Diversified Growth D Inc2.622.8215.202,830.051.28Buy
BlackRock Gold & General D Inc33.7139.98-20.731,248.50-Buy
BlackRock Natural Resources Growth & Income D Inc37.7225.2619.4653.932.43Buy
Consistent Unit Trust Inc13.2517.4441.8036.173.87Buy
F&C High Income C Inc5.784.976.6982.784.90Buy
F&C UK Equity Linked Gilt 2 Inc32.3659.6593.77166.981.00Buy
FP Russell Investments Real Assets C Inc10.7511.2516.12118.270.02Buy
FP Tellsons Endeavour IF Inc10.018.93-26.10-Buy
First State Global Listed Infrastructure B GBP Inc28.0563.90106.882,415.742.82Buy
Franklin Global Listed Infrastructure W QDis GBP27.4850.68-65.89-Buy
Invesco Perpetual Emerging European Z Inc39.2340.3522.7539.342.02Buy
Invesco Perpetual Latin American Z Inc31.698.72-13.40188.361.33Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord62.24100.81319.9827.51558.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure16.2081.20118.7416.72165.70Buy
Aberdeen Private Equity Ltd GBP44.0969.12144.21-20.14149.95Buy
Acencia Debt Strategies Ltd21.402.4447.46-5.491.67Buy
Alcentra European Floating Rate Income Limited Ord5.668.7229.48-1.83104.92Buy
Allianz Technology Trust PLC54.2463.96182.39-3.59943.91Buy
Alternative Liquidity52.88----Buy
Apax Global Alpha Limited Ord Npv31.55---9.59163.00Buy
Axiom European Financial Debt Fund Limited Ord7.29---0.5798.06Buy
BB Healthcare Trust Plc Red Ord 1p---2.63109.98Buy
BBGI SICAV S.A. Ord9.2532.0957.9515.97119.86Buy
BH Global GBP4.847.628.97-10.101,446.00Buy
BH Global USD5.629.418.13-9.6514.35Buy
BH Macro EUR6.649.673.57-5.8221.74Buy
BH Macro GBP7.0310.354.00-4.612,235.00Buy
Baker Steel Resources Trust145.16-14.61-67.38-24.0050.00Buy
Better Capital 200951.1664.3765.87-10.84116.08Buy
Better Capital 2012 Ord41.21-55.55-53.39--Buy
Big Yellow Group PLC-9.5040.41173.35--Buy


Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP-0.5612.298.9035.20GBXEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP-2.3413.3343.7076.12GBXEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP9.5129.5331.4079.56GBXEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP5.8326.5045.4873.37GBXEquity - Other SpecialistBuy
iShares Dow Jones Industrial AverageSM UCITS ETF B GBP18.7935.8775.13119.31GBXEquity - Other SpecialistBuy
iShares Emerging Market Infrastructure UCITS ETF GBP7.5524.6440.1940.65GBPEquity - Other SpecialistBuy
iShares Global Infrastructure UCITS ETF GBP4.6223.0645.3565.93GBPEquity - Other SpecialistBuy
iShares Global Timber & Forestry UCITS ETF GBP19.4940.4055.5491.57GBPEquity - Other SpecialistBuy


Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-33.77-38.37-42.08--7.22VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-40.62-47.59-49.21--45.90VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P-3.45-6.83-6.83--16.67InfrastructureBuy
Hygea VCT-7.22-29.696.59---VCT Specialist Healthcare & BiotechnlgyBuy
Oxford Technology 2 VCT PLC-95.6536.36---VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC-5.7663.7463.74--31.58VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-23.0841.7385.87---VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-8.3220.71233.18--3.71VCT Specialist TechnologyBuy


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