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 Inc7.53-2.83119.67468.08-Buy
AXA Framlington Financial Z Inc9.1828.6067.1454.871.77Buy
AXA Framlington Health Z Inc-1.926.4378.82456.960.40Buy
Aberdeen Financial Equity I Inc10.1832.88-48.231.00Buy
Aberdeen Multi Manager Ethical Portfolio I Inc4.8827.2965.4565.830.20Buy
Baillie Gifford Diversified Growth B Inc5.2912.9323.206,903.821.95Buy
Baillie Gifford Multi Asset Growth B Inc5.57--619.801.57Buy
Baring German Growth I Inc GBP15.0549.7298.26781.001.40Buy
Baring Korea Trust I Inc GBP18.1821.8447.80116.570.20Buy
BlackRock Dynamic Diversified Growth D Inc4.953.1115.432,396.511.10Buy
BlackRock Gold & General D Inc-20.1222.32-2.46996.040.01Buy
BlackRock Natural Resources Growth & Income D Inc4.8625.4325.8560.302.24Buy
Consistent Unit Trust Inc-4.81-0.9617.7015.194.89Buy
EF Tellsons Endeavour IF Inc4.429.67-29.003.63Buy
F&C High Income C Inc3.104.756.8671.295.00Buy
F&C UK Equity Linked Gilt 2 Inc3.6726.1369.53116.810.90Buy
FP Russell Investments Real Assets C Inc-1.913.045.20104.581.23Buy
FP WM Global Trend B Inc0.4711.7121.1831.20-Buy
First State Global Listed Infrastructure B Inc-5.7025.3464.212,039.173.47Buy
Franklin Global Listed Infrastructure W QDis GBP-0.3622.77-71.85-Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord22.29107.03247.2030.81701.00Buy
Alcentra European Floating Rate Income Limited Ord0.746.3515.86-6.68105.34Buy
Alternative Liquidity64.37---58.000.43Buy
Amedeo Air Four Plus Limited Red Ord NPV9.69--4.44100.06Buy
Apax Global Alpha Limited Ord Npv0.87---14.55165.00Buy
Axiom European Financial Debt Fund Limited Ord11.41--0.60104.87Buy
BB Healthcare Trust Plc Red Ord 1p-4.68---4.80110.29Buy
BBGI SICAV S.A. Ord-2.0923.0341.131.78129.69Buy
BH Global GBP5.754.8615.00-6.821,481.00Buy
BH Global USD4.426.6114.69-7.5614.82Buy
BH Macro GBP-8.96-9.21-11.22-9.502,168.00Buy
Better Capital 2009-42.00-14.64-45.46-45.41114.48Buy
Better Capital 2012 Ord-5.07-42.77-63.61-47.0945.36Buy
Big Yellow Group PLC21.4043.94165.65--Buy
Biopharma Credit Plc Ord USD0.014.96--2.461.01Buy
Blackstone/GSO Loan Financing Limited-1.5020.26-2.110.92Buy
Bluefield Solar Income Limited7.8130.91-3.65112.40Buy
Boussard & Gavaudan Holding Ltd GBP9.6439.0864.77-17.832,111.60Buy
CVC Credit Partners European Opportunities Limited Ord GBP8.1324.50-1.45112.37Buy
CVC Credit Partners European Opportunities Limited Ord EUR7.0021.96-0.391.10Buy


Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
BlackRock iShares Global Consumer Staples ETF NAV-0.96-1.8013.8176.32AUDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD INDUSTRIALS TR C USD4.3218.6033.8572.46USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD UTILITIES TR C USD-3.226.4416.3429.92USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER STAPLES TR C USD-0.533.3714.6735.06USDEquity - Other SpecialistBuy
SPDR MSCI Europe Industrials UCITS ETF-1.714.2313.1067.77EUREquity - Other SpecialistBuy
SPDR MSCI Europe Utilities UCITS ETF-2.934.93-2.4640.10EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Discretionary UCITS ETF3.477.601.9177.35EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Staples UCITS ETF-6.33-6.27-1.5136.58EUREquity - Other SpecialistBuy
SPDR S&P US Consumer Staples Select Sector UCITS ETF-1.04-2.08--USDEquity - Other SpecialistBuy
SPDR S&P US Industrial Select Sector UCITS ETF6.3419.73--USDEquity - Other SpecialistBuy
SPDR S&P US Utilities Select Sector UCITS ETF-6.001.03--USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Staples UCITS ETF-0.543.4914.4832.43USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Utilities UCITS ETF-3.186.5715.1124.84USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Discretionary UCITS ETF11.7221.8131.0578.73USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Industrials UCITS ETF4.3518.6933.1268.29USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Materials UCITS ETF6.0322.9228.3539.91USDEquity - Other SpecialistBuy
Source Consumer Discretionary S&P US Select Sector Source15.1220.4243.26105.75USDEquity - Other SpecialistBuy
Source Consumer Staples S&P US Select-1.30-2.3214.2240.41USDEquity - Other SpecialistBuy
Source Industrials S&P US Select5.0616.8439.1196.01USDEquity - Other SpecialistBuy


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