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 Monthly Income Z Acc15.8230.7487.86262.304.28Buy
AXA Framlington UK Growth Z Acc7.5820.8260.70240.032.17Buy
AXA Framlington UK Mid Cap Z Acc15.8042.08121.88198.931.31Buy
AXA Framlington UK Select Opportunities ZI Acc7.9519.0957.783,424.951.85Buy
AXA Framlington UK Select Opportunities Z Acc7.8618.7256.853,424.951.77Buy
AXA Framlington UK Smaller Cos Z Acc31.3567.92172.11316.820.64Buy
Aberdeen Responsible UK Equity I Acc11.6726.5554.0024.242.10Buy
Aberdeen UK Enhanced Equity B Acc12.6524.3652.82803.403.40Buy
Aberdeen UK Equity I Acc9.6118.7446.32223.672.20Buy
Aberdeen UK Mid Cap Equity I Acc17.4533.0386.0149.271.40Buy
Aberdeen UK Smaller Companies Equity I Acc24.8440.02100.55149.511.70Buy
Allianz UK Mid Cap C8.5741.2396.3250.841.01Buy
Allianz UK Opportunities C21.1933.6571.3361.411.82Buy
Architas MM UK Equity A Acc10.3825.5263.24137.631.85Buy
Artemis Capital I Acc19.7933.75111.00317.532.42Buy
Artemis UK Select I Acc25.9732.8791.40585.402.23Buy
Artemis UK Smaller Companies I Acc29.9453.86116.28427.211.54Buy
Artemis UK Special Situations I Acc5.9018.1264.14984.582.16Buy
Aviva Inv UK Equity 2 Acc13.9836.6073.39299.212.43Buy
Aviva Inv UK Growth 218.4933.2570.03188.021.43Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Monthly Income Z Inc15.8230.8787.90262.304.37Buy
AXA Framlington UK Growth Z Inc7.6620.8360.52240.032.22Buy
AXA Framlington UK Mid Cap Z Inc15.7942.05122.03198.931.33Buy
AXA Framlington UK Select Opportunities ZI Inc7.9419.0457.673,424.951.88Buy
AXA Framlington UK Select Opportunities Z Inc7.8518.6256.883,424.951.79Buy
AXA Framlington UK Smaller Cos Z Inc31.2967.89172.06316.820.64Buy
Aberdeen Responsible UK Equity I Inc11.6926.5454.0124.242.10Buy
Aberdeen UK Equity I Inc9.6218.7246.30223.672.20Buy
Aberdeen UK Mid Cap Equity I Inc17.4633.0486.0349.271.40Buy
Allianz UK Equity Income C Inc14.7920.7060.8669.864.03Buy
Architas MM UK Equity A Inc10.5825.6964.95137.631.91Buy
Artemis UK Special Situations I Inc5.9018.1463.13984.582.21Buy
Aviva Inv UK Equity 2 Inc13.9836.5875.70299.212.48Buy
Baillie Gifford British Smaller Companies B Inc16.1140.1791.11197.360.81Buy
Barclays UK Alpha R Dis GBP11.7324.1275.58607.302.10Buy
Barclays UK Lower Cap R Dis GBP26.3452.72147.3177.800.70Buy
Barclays UK Opportunities R Dis GBP15.7637.2886.2487.502.10Buy
Baring UK Growth I Inc GBP12.7929.1761.8319.402.00Buy
BlackRock UK D Inc12.1934.2468.15532.831.82Buy
BlackRock UK Smaller Companies D Inc29.4958.99136.99460.700.93Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Artemis Alpha Trust plc O Inc27.851.269.05-20.70360.82Buy
Artemis Alpha Trust plc S Inc-33.33-95.58-96.49--Buy
Aurora Investment Trust plc26.7428.4849.801.23200.04Buy
Chelverton Growth Trust plc-19.2344.00133.33-21.7580.51Buy
Crystal Amber23.0345.82155.11-2.14196.71Buy
Downing Strategic Micro-Cap Investment Trust Plc Red Ord GBP0.001---5.5996.36Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p23.4435.32100.58-18.82300.10Buy
Fidelity Special Values PLC28.2549.52156.24-3.97254.62Buy
Henderson Opportunities Trust21.6510.01143.23-18.711,167.80Buy
Henderson Smaller Companies Investment Trust Ord36.6865.42186.20-13.40927.30Buy
Invesco Income Growth Trust plc9.1623.7365.41-8.36330.63Buy
Invesco Perpetual Select UK Equity plc9.4934.99121.46-1.24183.77Buy
Invesco Perpetual UK Smaller Companies plc33.2077.35174.24-4.36510.79Buy
JP Morgan Mid Cap IT plc15.2857.59195.20-11.281,199.90Buy
JP Morgan Smaller Cos IT plc26.3237.41129.84-20.961,224.70Buy
Jupiter UK Growth Investment Trust PLC Ord 5P15.6522.1572.62-1.48342.57Buy
Jupiter Dividend & Growth Ord Inc113.54149.14256.06472.030.59Buy
Jupiter Dividend & Growth Common31.7850.08136.621.70147.00Buy
Jupiter Dividend & Growth ZDP23.0338.04110.58-0.63145.16Buy
Keystone IT Plc6.2613.2064.78-9.541,947.27Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-2.253.99-2.9585.50-12.2816.00InfrastructureBuy
Mobeus Income & Growth 2 VCT0.1632.79153.83110.17-16.9518.58VCT GeneralistBuy
Mobeus Income & Growth VCT13.6232.5997.8976.162.4219.23VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P3.5825.7650.6350.78-14.349.77VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P-4.6324.7953.9290.76-15.1615.06VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord2.6915.8417.2199.98-16.9814.83VCT GeneralistBuy

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