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 Inc11.7414.11160.56480.72-Buy
AXA Framlington Financial Z Inc19.1649.31101.7157.911.67Buy
AXA Framlington Health Z Inc9.9127.87117.46504.330.38Buy
Aberdeen Financial Equity I Inc19.8052.96-51.361.20Buy
Aberdeen Multi Manager Ethical Portfolio I Inc14.3648.0191.0566.110.20Buy
Baillie Gifford Diversified Growth B Inc8.0617.3429.776,820.511.50Buy
Baillie Gifford Multi Asset Growth B Inc9.77--536.451.16Buy
Baring German Growth I Inc GBP31.5871.81121.52756.101.40Buy
Baring Korea Trust I Inc GBP29.0052.9943.36119.000.20Buy
BlackRock Dynamic Diversified Growth D Inc8.286.3718.772,413.381.23Buy
BlackRock Gold & General D Inc-2.1135.81-31.02986.74-Buy
BlackRock Natural Resources Growth & Income D Inc2.2734.0626.5757.322.44Buy
CF Miton Global Infrastructure Income B Inc GBP---19.763.00Buy
CF Miton Global Infrastructure Income F Inc GBP---19.762.99Buy
CF Woodford Income Focus C Inc GBP---716.74-Buy
Consistent Unit Trust Inc3.3314.1429.9711.534.15Buy
EF Tellsons Endeavour IF Inc10.3412.38-27.003.63Buy
F&C High Income C Inc4.178.629.5575.364.90Buy
F&C UK Equity Linked Gilt 2 Inc16.8648.7487.03200.021.10Buy
FP Russell Investments Real Assets C Inc4.8810.2816.79110.991.47Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Hadrians Wall Secured Investments Limited Ord NPV0.45--6.7196.99Buy
HarbourVest Global Private Equity Ord11.9156.99166.77-17.661,506.00Buy
Herald Investment Trust plc36.9680.85133.22-13.071,346.99Buy
HgCapital Trust plc Ord20.5685.73104.18-3.821,801.90Buy
Highbridge Multi-Strategy Limited GBP11.1717.5531.610.43218.07Buy
ICG Enterprise Trust Plc Ord 10P21.7055.05102.18-15.77936.70Buy
ICG-Longbow Senior Secured UK Property Debt Investments Limited8.0617.78-1.68101.05Buy
Impax Environmental Markets Ord 10P20.1674.87165.47-10.31281.26Buy
Infrastructure India plc-71.05-77.08-87.78-93.2941.00Buy
Infrastructure India plc Wts-----Buy
International Biotechnology Trust18.9950.13220.980.01614.46Buy
International Public Prtnrship Ltd1.8228.4352.134.70144.70Buy
JP Morgan Global Convertibles Income11.847.44--2.5399.00Buy
JPEL Private Equity USD25.6675.03134.71-14.461.66Buy
JPEL Private Equity Wts-----Buy
JZ Capital Partners Ord-0.6935.8739.58-32.53746.26Buy
JZ Capital Partners ZDP 20223.49----Buy
John Laing Environmental Assets Group Limited Ord NPV5.8320.38-4.50100.00Buy
John Laing Infrastructure Ord 0.01P1.3620.9248.180.32123.10Buy
Jupiter Green Investment14.1235.6598.67-5.15196.63Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
BlackRock iShares Global Consumer Staples ETF NAV1.9014.5938.50119.88AUDEquity - Other SpecialistBuy
DB X-Trackers LPX MM Private Equity UCITS ETF 1C GBP0.8315.8662.82128.52GBPEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP1.8122.6624.1858.71GBPEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP3.0319.8748.7974.67GBPEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP3.1223.8862.9691.13GBPEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP-0.8312.6638.8878.67GBPEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD INDUSTRIALS TR C USD8.4620.8338.3279.97USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD UTILITIES TR C USD3.4116.8717.0649.16USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER DISCRETIONARY TR C GBP3.5613.0158.21132.34GBXEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER STAPLES TR C USD2.2515.0025.7457.48USDEquity - Other SpecialistBuy
SPDR MSCI Europe Industrials UCITS ETF1.3216.8546.6476.72EUREquity - Other SpecialistBuy
SPDR MSCI Europe Utilities UCITS ETF1.2116.0111.2845.93EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Discretionary UCITS ETF1.6711.7428.7475.05EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Staples UCITS ETF-1.3411.4036.6160.97EUREquity - Other SpecialistBuy
SPDR S&P US Consumer Staples Select Sector UCITS ETF7.8617.15--USDEquity - Other SpecialistBuy
SPDR S&P US Industrial Select Sector UCITS ETF9.8019.13--USDEquity - Other SpecialistBuy
SPDR S&P US Utilities Select Sector UCITS ETF4.2615.95--USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Staples UCITS ETF2.3015.2625.0653.70USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Utilities UCITS ETF3.4517.1615.2841.82USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Discretionary UCITS ETF8.3519.1733.0087.11USDEquity - Other SpecialistBuy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-16.16-46.96-50.44---VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-9.52-45.62-52.5443.94-35.14-VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P12.6716.529.3591.50-7.65-VCT Specialist Infrastructure PQBuy
Hygea VCT-11.46-35.61-41.7264.40-34.01-VCT Specialist Healthcare & BiotechnlgyBuy
Oxford Technology 2 VCT PLC52.5080.5985.4738.90-42.1635.56VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC-11.436.860.9781.60-47.929.41VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-7.5056.5310.4054.70-32.36-VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-5.10-32.16-35.7952.60-33.462.86VCT Specialist TechnologyBuy

Disclaimer

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