UK Growth

A UK growth investment strategy tends to prioritise those companies that are delivering high and accelerating revenue growth. This may mean that on conventional metrics, the companies can look quite expensive relative to the rest of the market, but managers reason that this is worth it for the stronger growth they produce. 
Companies of this type may be newer, smaller and their share prices will tend to perform better in a rising market, but may fall more than the market in declining markets. 
The danger with a growth strategy is that a company does not achieve its revenue targets and it is left looking expensive relative to the market. Since the dotcom bubble, when investors were willing to pay high prices for strong revenue growth, growth investors have tended to look for 'growth at a reasonable price', incorporating some valuation discipline into their selection of stocks.  
Growth managers may prioritise different types of company when investing. For example, some may seek out emerging industries such as technology or alternative energy. Others may look for high quality companies that can grow their earnings in all types of market environment. Some may look for 'special situations', which can grow significantly from their current position. 

Introduction to UK Growth

A UK growth investment strategy tends to prioritise those companies that are delivering high and accelerating revenue growth. This may mean that on conventional metrics, the companies can look quite expensive relative to the rest of the market, but managers reason that this is worth it for the stronger growth they produce. 

Companies of this type may be newer, smaller and their share prices will tend to perform better in a rising market, but may fall more than the market in declining markets. 

The danger with a growth strategy is that a company does not achieve its revenue targets and it is left looking expensive relative to the market. Since the dotcom bubble, when investors were willing to pay high prices for strong revenue growth, growth investors have tended to look for 'growth at a reasonable price', incorporating some valuation discipline into their selection of stocks. 

Growth managers may prioritise different types of company when investing. For example, some may seek out emerging industries such as technology or alternative energy. Others may look for high quality companies that can grow their earnings in all types of market environment. Some may look for 'special situations', which can grow significantly from their current position.

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 UK Growth Z Acc3.0314.0359.97231.702.21Buy
AXA Framlington UK Mid Cap Z Acc-0.0527.14124.46148.561.62Buy
AXA Framlington UK Select Opportunities ZI Acc-1.1610.9758.003,701.442.27Buy
AXA Framlington UK Select Opportunities Z Acc-1.3010.7057.023,701.442.18Buy
AXA Framlington UK Smaller Cos Z Acc3.4138.37135.30269.700.99Buy
Aberdeen Responsible UK Equity I Acc14.7711.8145.2520.962.30Buy
Aberdeen UK Enhanced Equity B Acc8.8813.2145.56883.683.60Buy
Aberdeen UK Equity I Acc8.105.2340.91225.502.50Buy
Aberdeen UK Mid Cap Equity I Acc5.4714.8581.1260.351.70Buy
Aberdeen UK Smaller Companies Equity I Acc3.3512.1287.36293.082.10Buy
Allianz UK Mid Cap C7.0629.1798.5649.701.11Buy
Architas MM UK Equity A Acc4.3613.8759.47129.991.97Buy
Artemis Capital I Acc3.6918.8890.51314.672.29Buy
Artemis UK Select I Acc-2.7412.3367.96516.872.03Buy
Artemis UK Smaller Companies I Acc7.9925.1592.24355.721.49Buy
Artemis UK Special Situations I Acc2.6411.6766.161,076.732.15Buy
Aviva Inv UK Equity 2 Acc4.4817.8963.69254.422.63Buy
Aviva Inv UK Growth 23.2511.0756.11167.831.39Buy
Aviva Inv UK Smaller Companies 2-2.7013.3197.0139.010.85Buy
Baillie Gifford British Smaller Companies B Acc3.2511.7597.83180.351.11Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc2.9713.9659.48231.702.27Buy
AXA Framlington UK Mid Cap Z Inc-0.0827.23124.78148.561.64Buy
AXA Framlington UK Select Opportunities ZI Inc-1.2111.0658.083,701.442.31Buy
AXA Framlington UK Select Opportunities Z Inc-1.2410.7357.143,701.442.22Buy
AXA Framlington UK Smaller Cos Z Inc3.4138.36135.28269.701.00Buy
Aberdeen Responsible UK Equity I Inc14.7911.8445.2820.962.30Buy
Aberdeen UK Equity I Inc8.115.2640.90225.502.50Buy
Aberdeen UK Mid Cap Equity I Inc5.4714.8681.1460.351.70Buy
Allianz UK Equity Income C Inc4.578.7654.4463.834.22Buy
Architas MM UK Equity A Inc4.3914.7660.84129.992.03Buy
Artemis UK Special Situations I Inc2.6511.6964.251,076.732.21Buy
Aviva Inv UK Equity 2 Inc4.4917.8765.88254.422.69Buy
Baillie Gifford British Smaller Companies B Inc3.2411.7497.74180.351.11Buy
Barclays UK Alpha R Dis GBP10.4617.1678.60593.102.10Buy
Barclays UK Alpha M Dis10.7518.2181.48593.102.40Buy
Barclays UK Lower Cap R Dis GBP4.5028.49132.0595.400.70Buy
Barclays UK Opportunities R Dis GBP9.7719.3977.9984.802.10Buy
Baring UK Growth I Inc GBP6.0112.0651.4521.402.00Buy
BlackRock UK D Inc3.0918.7659.92536.491.86Buy
BlackRock UK Smaller Companies D Inc6.7122.63107.29385.041.16Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust Plc Ord 10P8.0015.6658.93-4.73339.29Buy
Artemis Alpha Trust plc O Inc-4.01-18.48-2.52-25.71314.29Buy
Artemis Alpha Trust plc S Inc-89.73-95.74-95.74--Buy
Aurora Investment Trust plc11.909.5729.863.91167.93Buy
Chelverton Growth Trust plc32.9850.60160.42-4.8065.65Buy
Columbia Threadneedle UK Select Trust8.926.9269.43-11.55198.41Buy
Crystal Amber10.8725.06140.07-9.38200.28Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p-0.170.0377.52-20.44243.53Buy
Fidelity Special Values PLC7.6725.76149.45-4.35221.90Buy
Henderson High Income Trust Ord-0.7516.3785.541.65172.90Buy
Henderson Opportunities Trust-11.040.08141.31-20.59982.60Buy
Henderson Smaller Companies Investment Trust Ord-6.3827.17167.15-14.88725.70Buy
Invesco Income Growth Trust plc0.4214.3368.77-9.38303.48Buy
Invesco Perpetual Select UK Equity plc1.3130.58134.62-1.48169.25Buy
Invesco Perpetual UK Smaller Companies plc6.8144.69156.71-5.27423.33Buy
JP Morgan Elect Managed Income2.2516.2362.61-2.36103.70Buy
JP Morgan Mid Cap IT plc-9.7440.42175.38-8.971,010.70Buy
JP Morgan Smaller Cos IT plc-12.024.74101.67-21.21976.67Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-84.87----Buy
Jupiter UK Growth Investment Trust PLC Ord 5P-3.590.2061.64-1.82292.58Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-0.54-2.95-91.10-17.6719.33InfrastructureBuy
Mobeus Income & Growth 2 VCT4.2559.07184.06114.64-9.724.83VCT GeneralistBuy
Mobeus Income & Growth VCT5.4342.4094.2083.09-10.6420.88VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P-1.1139.9464.5852.74-15.629.55VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P18.0333.0478.8889.27-5.916.85VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord9.7024.9340.5396.01-7.825.93VCT GeneralistBuy

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