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 Acc21.1017.9067.91248.342.14Buy
AXA Framlington UK Mid Cap Z Acc11.2027.43132.72152.001.56Buy
AXA Framlington UK Select Opportunities ZI Acc15.1115.5364.783,935.302.04Buy
AXA Framlington UK Select Opportunities Z Acc14.9615.3063.723,935.301.95Buy
AXA Framlington UK Smaller Cos Z Acc11.5236.36147.32286.020.94Buy
Aberdeen Responsible UK Equity I Acc36.1219.9756.6422.102.30Buy
Aberdeen UK Enhanced Equity B Acc29.0319.9454.45951.313.60Buy
Aberdeen UK Equity I Acc28.0511.8250.26217.562.50Buy
Aberdeen UK Mid Cap Equity I Acc23.4619.5394.7662.761.70Buy
Aberdeen UK Smaller Companies Equity I Acc16.2413.8898.05299.142.10Buy
Allianz UK Mid Cap C16.8124.3197.7150.851.08Buy
Architas MM UK Equity A Acc17.7316.3664.48137.071.80Buy
Artemis Capital I Acc21.2522.36103.60321.982.10Buy
Artemis UK Select I Acc13.2116.2678.78530.732.50Buy
Artemis UK Smaller Companies I Acc17.7130.01107.82376.261.77Buy
Artemis UK Special Situations I Acc13.7413.2673.651,109.942.21Buy
Aviva Inv UK Equity 2 Acc20.8624.4273.32278.682.43Buy
Aviva Inv UK Growth 215.6513.4462.54179.001.30Buy
Aviva Inv UK Smaller Companies 25.3011.29102.6841.050.80Buy
Baillie Gifford British Smaller Companies B Acc18.0513.41112.43194.041.02Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc21.0617.9167.44248.342.19Buy
AXA Framlington UK Mid Cap Z Inc11.1727.51132.93152.001.58Buy
AXA Framlington UK Select Opportunities ZI Inc15.3015.8065.213,935.302.07Buy
AXA Framlington UK Select Opportunities Z Inc15.0415.3964.013,935.301.98Buy
AXA Framlington UK Smaller Cos Z Inc11.5436.42147.41286.020.95Buy
Aberdeen Responsible UK Equity I Inc36.1320.0156.6722.102.30Buy
Aberdeen UK Equity I Inc28.0711.8450.25217.562.50Buy
Aberdeen UK Mid Cap Equity I Inc23.4519.5594.7862.761.70Buy
Allianz UK Equity Income C Inc17.4212.5062.9266.343.98Buy
Architas MM UK Equity A Inc17.7316.8665.81137.071.88Buy
Artemis UK Special Situations I Inc13.7513.2871.831,109.942.26Buy
Aviva Inv UK Equity 2 Inc20.8624.4175.63278.682.48Buy
Baillie Gifford British Smaller Companies B Inc18.0413.37112.25194.041.02Buy
Barclays UK Alpha R Dis GBP24.9719.6286.95590.802.10Buy
Barclays UK Lower Cap R Dis GBP14.8425.44140.4094.000.70Buy
Barclays UK Opportunities R Dis GBP25.7622.5588.9684.602.10Buy
Baring UK Growth I Inc GBP23.9816.2259.1420.702.00Buy
BlackRock UK D Inc17.8919.2766.94539.351.75Buy
BlackRock UK Smaller Companies D Inc17.2722.09112.31400.181.10Buy
BlackRock UK Special Situations D Inc24.0312.5764.30722.971.93Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust PLC Ord 10P25.0320.0663.80-6.97366.02Buy
Artemis Alpha Trust plc O Inc22.18-8.4520.06-17.81336.13Buy
Artemis Alpha Trust plc S Inc-86.44-95.79-95.06--Buy
Aurora Investment Trust plc19.0412.5630.641.59179.65Buy
Chelverton Growth Trust plc29.0336.36150.00-19.3874.42Buy
Columbia Threadneedle UK Select Trust14.789.6177.59-13.40214.20Buy
Crystal Amber47.4446.38181.72-3.22218.02Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p12.12-2.6097.02-20.59260.50Buy
Fidelity Special Values PLC26.5029.47162.95-3.70238.05Buy
Henderson High Income Trust Ord14.2822.2596.55-1.05185.20Buy
Henderson Opportunities Trust15.453.48161.88-21.071,100.30Buy
Henderson Smaller Companies Investment Trust Ord7.5623.47177.05-16.74803.50Buy
Invesco Income Growth Trust plc13.9715.2473.54-10.41316.99Buy
Invesco Perpetual Select UK Equity plc12.7837.66131.97-0.77182.16Buy
Invesco Perpetual UK Smaller Companies plc17.8342.56165.32-7.63457.96Buy
JP Morgan Elect Managed Income14.6319.6969.656.39101.51Buy
JP Morgan Mid Cap IT plc-4.0426.80176.28-11.291,046.40Buy
JP Morgan Smaller Cos IT plc-1.233.56113.47-19.721,038.80Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-80.34----Buy
Jupiter UK Growth Investment Trust PLC Ord 5P13.8613.2778.53-1.99319.88Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-1.87-4.24---19.59InfrastructureBuy
Mobeus Income & Growth 2 VCT2.8359.07161.92--4.83VCT GeneralistBuy
Mobeus Income & Growth VCT4.6944.3197.44--20.60VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P-1.2239.8057.78--9.66VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P16.2439.7977.75--6.93VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord9.7030.1423.33--5.93VCT GeneralistBuy

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