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 (%)
JOHCM UK Opportunities A Acc3.1834.7659.571,200.002.79Buy
JOHCM UK Opportunities Y Acc3.2934.4758.291,200.002.80Buy
JPM Emerging Europe Equity C Acc15.3239.3414.1383.432.32Buy
JPM Emerging Europe Equity B Acc15.0437.5711.8983.432.08Buy
JPM Global Financials C Acc26.1462.97104.74151.721.57Buy
JPM Natural Resources C Acc12.1818.20-19.35743.690.58Buy
JPM Natural Resources B Acc11.9117.32-20.35743.690.38Buy
Jupiter Emerging European Opportunities I Acc17.2245.5219.57104.492.10Buy
Jupiter Financial Opportunities I Acc14.8859.4093.08528.120.90Buy
Jupiter India I Acc3.6882.94129.211,029.170.50Buy
Jupiter International Financials I Acc18.8965.24109.0451.301.20Buy
Kames Diversified Growth D Acc10.6423.9231.60318.002.48Buy
Kames Diversified Growth B Acc10.8124.5832.86318.002.64Buy
Lazard Global Listed Infrastructure Equity A Acc GBP27.3456.18-1,758.81-Buy
Legg Mason IF RARE Global Infrastructure Income X Acc GBP9.38--377.713.60Buy
Legg Mason IF RARE Global Infrastructure Income X Hedged Acc11.45--377.713.50Buy
Legg Mason IF RARE Global Infrastructure Income S Hedged Acc12.54--377.713.60Buy
M&G Episode Defensive I Acc GBP3.874.157.9826.92-Buy
M&G Global Convertibles Inst Acc GBP0.1337.8456.561,818.201.91Buy
M&G Global Listed Infrastructure I Acc---0.001.70Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Biotech Z Inc17.7751.68177.88544.26-Buy
AXA Framlington Financial Z Inc25.3060.38102.6554.751.67Buy
AXA Framlington Health Z Inc2.7049.44117.76530.930.34Buy
Aberdeen Financial Equity I Inc16.1259.75-51.141.20Buy
Aberdeen Multi Manager Ethical Portfolio I Inc10.9856.9091.3864.980.20Buy
Baillie Gifford Diversified Growth B Inc8.4017.9030.376,803.851.49Buy
Baring German Growth I Inc GBP28.1292.48134.70632.701.40Buy
Baring Korea Trust I Inc GBP8.8538.5143.54113.100.20Buy
BlackRock Dynamic Diversified Growth D Inc6.157.7618.872,435.931.24Buy
BlackRock Gold & General D Inc-12.7042.13-28.301,129.07-Buy
BlackRock Natural Resources Growth & Income D Inc7.1828.6021.3655.402.44Buy
CF Miton Global Infrastructure Income B Inc GBP---13.46-Buy
CF Miton Global Infrastructure Income F Inc GBP---13.46-Buy
CF Woodford Income Focus C Inc GBP---742.27-Buy
Consistent Unit Trust Inc0.8317.9531.6112.544.13Buy
F&C High Income C Inc4.378.589.0076.604.90Buy
F&C UK Equity Linked Gilt 2 Inc9.0656.6388.27189.981.00Buy
FP Russell Investments Real Assets C Inc2.9512.7516.10115.341.47Buy
FP Tellsons Endeavour IF Inc7.7712.91-27.143.50Buy
FP WM Global Trend B Inc6.8434.2632.3028.20-Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
3i Group Plc Ord47.42189.91423.1050.48628.00Buy
3i Group Plc Pref-----Buy
3i Infrastructure12.4279.35127.2722.84169.00Buy
Aberdeen Private Equity Ltd GBP26.7667.62125.86-14.34152.05Buy
Acencia Debt Strategies Ltd15.728.2647.04-1.391.65Buy
Alcentra European Floating Rate Income Limited Ord6.9910.4427.82-3.79104.72Buy
Allianz Technology Trust PLC42.13134.62259.28-2.101,162.89Buy
Alternative Liquidity138.36----Buy
Amedeo Air Four Plus Limited Red Ord NPV8.65----Buy
Apax Global Alpha Limited Ord Npv15.33---7.93164.00Buy
Axiom European Financial Debt Fund Limited Ord9.41---4.09102.18Buy
BB Healthcare Trust Plc Red Ord 1p---1.77114.35Buy
BBGI SICAV S.A. Ord6.3535.7866.1412.96128.70Buy
BH Global GBP11.4211.2816.06-8.551,462.00Buy
BH Global USD9.6910.3715.75-9.0314.62Buy
BH Macro GBP3.29-2.78-1.93-8.952,152.00Buy
Baker Steel Resources Trust51.7950.44-53.62-15.6750.40Buy
Better Capital 2009-32.5419.72-16.15-53.12125.86Buy
Better Capital 2012 Ord47.50-36.41-51.00-20.8642.96Buy
Big Yellow Group PLC18.3266.95174.63--Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
BlackRock iShares Global Consumer Staples ETF NAV-0.216.5842.48105.25AUDEquity - Other SpecialistBuy
DB X-Trackers LPX MM Private Equity UCITS ETF 1C GBP12.5023.9978.61137.08GBPEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Utilities UCITS ETF 1C GBP16.9112.1430.0652.01GBPEquity - Other SpecialistBuy
DB X-Trackers STOXX Europe 600 Food & Beverage UCITS ETF 1C GBP14.6110.0660.4382.93GBPEquity - Other SpecialistBuy
DB X-Trackers Stoxx Europe 600 Industrial Goods UCITS ETF 1C GBP13.8222.7474.07100.23GBPEquity - Other SpecialistBuy
DB X-Trackers S&P Global Infrastructure UCITS ETF 1C GBP7.158.0345.8476.65GBPEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD INDUSTRIALS TR C USD12.7525.6040.5381.44USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD UTILITIES TR C USD10.4916.1120.9743.33USDEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER DISCRETIONARY TR C GBP4.9510.7368.69129.17GBXEquity - Other SpecialistBuy
LYXOR UCITS ETF MSCI WORLD CONSUMER STAPLES TR C USD3.949.4826.5355.47USDEquity - Other SpecialistBuy
SPDR MSCI Europe Industrials UCITS ETF5.3221.0854.2084.10EUREquity - Other SpecialistBuy
SPDR MSCI Europe Utilities UCITS ETF9.0811.1014.6838.74EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Discretionary UCITS ETF3.4216.4940.9884.99EUREquity - Other SpecialistBuy
SPDR MSCI Europe Consumer Staples UCITS ETF0.066.4740.9363.23EUREquity - Other SpecialistBuy
SPDR S&P US Consumer Staples Select Sector UCITS ETF3.8617.10--USDEquity - Other SpecialistBuy
SPDR S&P US Industrial Select Sector UCITS ETF12.5529.97--USDEquity - Other SpecialistBuy
SPDR S&P US Utilities Select Sector UCITS ETF8.0316.77--USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Staples UCITS ETF3.509.2225.0050.65USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Utilities UCITS ETF10.4416.3018.7835.48USDEquity - Other SpecialistBuy
SSGA SPDR MSCI World Consumer Discretionary UCITS ETF7.9219.2836.0183.31USDEquity - Other SpecialistBuy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Edge Performance VCT Plc H-12.12-44.72-48.0576.05-42.80-VCT Specialist Media Leisure & EventsBuy
Edge Performance VCT Plc I-20.55-47.84-51.7176.61-62.15-VCT Specialist Media Leisure & EventsBuy
Foresight VCT plc Infrastructure ORD 1P8.0011.694.8285.60-5.37-InfrastructureBuy
Hygea VCT-9.18-32.58-44.4564.40-30.90-VCT Specialist Healthcare & BiotechnlgyBuy
Oxford Technology 2 VCT PLC50.00110.9482.4337.20-19.35-VCT Specialist TechnologyBuy
Oxford Technology 3 VCT PLC-11.436.863.4282.50-48.489.41VCT Specialist TechnologyBuy
Oxford Technology 4 VCT PLC-17.7852.003.8451.90-28.71-VCT Specialist TechnologyBuy
Oxford Technology VCT PLC-5.10-30.91-42.4253.20-34.212.86VCT Specialist TechnologyBuy

Disclaimer

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