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 Acc18.0054.57217.01566.39-Buy
AXA Framlington Financial Z Acc43.2940.63108.6150.171.92Buy
AXA Framlington Health Z Acc22.2361.16143.80560.290.36Buy
Aberdeen Eastern European Equity I Acc54.2517.0234.9220.571.30Buy
Aberdeen Global Emerging Markets Infrastructure Equity R2 GBP49.5024.0328.60168.661.30Buy
Aberdeen Latin American Equity I Acc81.4918.604.36192.421.20Buy
Aberdeen Multi Manager Ethical Portfolio I Acc35.1440.6485.8953.930.20Buy
Artemis Global Energy I Acc80.49-11.52-19.0848.850.84Buy
Aviva Inv Multi asset I R38.1215.58-102.860.58Buy
Aviva Inv Multi Asset II R314.2823.0839.67441.620.82Buy
Aviva Inv Multi asset III R321.4229.97-619.861.00Buy
Aviva Inv Multi Asset IV R325.8834.3565.93346.971.16Buy
Aviva Inv Multi Asset V R332.5141.1667.9382.251.02Buy
Baillie Gifford Diversified Growth B Acc10.0413.8731.946,478.501.50Buy
Baillie Gifford Multi Asset Growth B Acc12.78--186.671.49Buy
Baring Global Agriculture I Acc GBP41.0132.3750.7568.700.80Buy
Baring German Growth I Acc GBP33.1932.11120.97407.281.30Buy
BlackRock Dynamic Diversified Growth D Acc1.981.1816.732,816.171.08Buy
BlackRock Gold & General D Acc98.6755.34-28.181,273.580.25Buy
BlackRock Natural Resources Growth & Income D Acc84.9632.3927.0452.692.46Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Inc17.9853.18210.09566.39-Buy
AXA Framlington Financial Z Inc43.3138.05103.5850.172.11Buy
AXA Framlington Health Z Inc22.1659.76138.85560.290.36Buy
Aberdeen Financial Equity I Inc44.5735.56-47.901.30Buy
Aberdeen Multi Manager Ethical Portfolio I Inc35.1340.6485.8853.930.20Buy
Baillie Gifford Diversified Growth B Inc9.8513.6331.326,478.501.50Buy
Baring German Growth I Inc GBP33.2032.16118.12407.281.40Buy
Baring Korea Trust I Inc GBP15.3624.8530.38121.700.20Buy
BlackRock Dynamic Diversified Growth D Inc1.891.2116.722,816.171.08Buy
BlackRock Gold & General D Inc98.7055.34-28.201,273.580.25Buy
BlackRock Natural Resources Growth & Income D Inc84.8732.3927.1052.692.46Buy
Consistent Unit Trust Inc18.4216.9846.1437.143.85Buy
F&C High Income C Inc7.982.506.4283.704.80Buy
F&C UK Equity Linked Gilt 2 Inc40.1651.2887.76166.481.10Buy
FP Russell Real Assets C Inc18.4314.2217.80121.090.02Buy
FP Tellsons Endeavour IF Inc10.11--25.00-Buy
First State Global Listed Infrastructure B GBP Inc42.1665.96108.362,276.062.62Buy
Franklin Global Listed Infrastructure W QDis GBP40.3053.06-64.45-Buy
Invesco Perpetual Emerging European Z Inc81.1026.3643.2129.291.92Buy
Invesco Perpetual Latin American Z Inc62.591.52-9.64180.551.36Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord74.19105.90398.7031.22551.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure14.9275.12117.5713.64165.70Buy
Aberdeen Private Equity Ltd GBP39.6872.90168.52-19.21148.85Buy
Acencia Debt Strategies Ltd15.970.6143.39-7.131.60Buy
Alcentra European Floating Rate Income Limited Ord6.809.53--2.17105.29Buy
Allianz Technology Trust PLC46.6161.88188.28-5.08900.47Buy
Alternative Liquidity11.54----Buy
Apax Global Alpha Limited Ord Npv36.80---6.29157.00Buy
BB Healthcare Trust Plc Red Ord 1p---1.63106.76Buy
BBGI SICAV S.A. Ord12.0030.7661.8515.76119.86Buy
BH Global GBP1.317.537.53-10.791,432.00Buy
BH Global USD4.1011.728.82-8.6714.19Buy
BH Macro EUR6.273.041.85-6.3121.72Buy
BH Macro GBP3.982.001.26-6.322,231.00Buy
Baker Steel Resources Trust105.17-35.68-69.64-30.4942.80Buy
Better Capital 200988.4214.2273.66-10.84116.08Buy
Better Capital 2012 Ord-3.44-61.77-58.42--Buy
Big Yellow Group PLC1.7656.73207.78--Buy
BlackRock Commodities Income IT109.578.09-4.071.5290.38Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP-2.9315.0716.2039.18GBXEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP-0.2718.9437.5786.99GBXEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP17.3943.5125.5989.78GBXEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP7.3343.1148.6774.27GBXEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER DISCRETIONARY TR C GBP16.8338.7957.27141.23GBXEquity - Other SpecialistBuy
iShares Dow Jones Industrial AverageSM UCITS ETF B GBP18.9450.6173.27121.52GBXEquity - Other SpecialistBuy
iShares Emerging Market Infrastructure UCITS ETF GBP4.4438.5027.0042.13GBPEquity - Other SpecialistBuy
iShares Global Infrastructure UCITS ETF GBP4.2736.0749.5164.50GBPEquity - Other SpecialistBuy
iShares Global Timber & Forestry UCITS ETF GBP25.5955.1844.6792.75GBPEquity - Other SpecialistBuy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-32.40-35.31---7.07VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-42.15-42.67---44.44VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P-1.87-4.24---19.59InfrastructureBuy
Hygea VCT-13.33-35.007.78---VCT Specialist Healthcare & BiotechnlgyBuy
IBIS Media VCT 1-16.67-12.50-78.04---VCT Specialist Media Leisure & EventsBuy
Oxford Technology 2 VCT PLC-2.17-18.1840.62---VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC-0.1511.37122.74--41.90VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-23.0841.73171.19---VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-5.26-34.47347.87--3.42VCT Specialist TechnologyBuy

Disclaimer

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