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 Acc20.2415.0555.49242.422.14Buy
AXA Framlington UK Mid Cap Z Acc14.9824.70114.74164.901.54Buy
AXA Framlington UK Select Opportunities ZI Acc13.2311.8251.833,791.732.03Buy
AXA Framlington UK Select Opportunities Z Acc13.1511.4950.933,791.731.94Buy
AXA Framlington UK Smaller Cos Z Acc19.6238.22135.28289.930.92Buy
Aberdeen Responsible UK Equity I Acc31.5416.9046.1622.582.20Buy
Aberdeen UK Enhanced Equity B Acc27.3619.3445.79948.983.30Buy
Aberdeen UK Equity I Acc25.2511.5241.01217.792.40Buy
Aberdeen UK Mid Cap Equity I Acc21.7617.0774.4061.221.50Buy
Aberdeen UK Smaller Companies Equity I Acc19.3113.7680.01308.951.90Buy
Allianz UK Mid Cap C15.2720.2476.2448.861.11Buy
Architas MM UK Equity A Acc19.0316.4855.92137.571.78Buy
Artemis Capital I Acc22.3815.7590.48332.392.11Buy
Artemis UK Select I Acc17.4712.8167.64538.902.52Buy
Artemis UK Smaller Companies I Acc26.9131.4199.61384.221.72Buy
Artemis UK Special Situations I Acc14.869.1957.881,083.842.26Buy
Aviva Inv UK Equity 2 Acc20.6622.5063.28278.362.43Buy
Aviva Inv UK Growth 220.1416.0453.24178.861.28Buy
Aviva Inv UK Smaller Companies 212.2712.6488.0241.510.79Buy
Baillie Gifford British Smaller Companies B Acc22.0611.9794.04192.170.79Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc20.1415.1055.09242.422.19Buy
AXA Framlington UK Mid Cap Z Inc14.9724.72115.05164.901.56Buy
AXA Framlington UK Select Opportunities ZI Inc13.4012.0052.273,791.732.06Buy
AXA Framlington UK Select Opportunities Z Inc13.2311.6051.163,791.731.97Buy
AXA Framlington UK Smaller Cos Z Inc19.5538.17135.20289.930.93Buy
Aberdeen Responsible UK Equity I Inc30.5916.0845.1122.582.20Buy
Aberdeen UK Equity I Inc25.2811.5541.00217.792.40Buy
Aberdeen UK Mid Cap Equity I Inc21.7417.1074.4161.221.50Buy
Allianz UK Equity Income C Inc18.6511.5953.2966.814.00Buy
Architas MM UK Equity A Inc19.1016.5957.42137.571.85Buy
Artemis UK Special Situations I Inc14.869.2156.351,083.842.31Buy
Aviva Inv UK Equity 2 Inc20.6622.4965.46278.362.49Buy
Baillie Gifford British Smaller Companies B Inc22.0611.9593.92192.170.79Buy
Barclays UK Alpha R Dis GBP24.8116.9673.52613.402.10Buy
Barclays UK Lower Cap R Dis GBP21.4626.03122.6594.000.70Buy
Barclays UK Opportunities R Dis GBP25.7523.4876.8286.002.10Buy
Baring UK Growth I Inc GBP23.5616.5146.0219.702.00Buy
BlackRock UK D Inc19.4521.0057.90537.581.73Buy
BlackRock UK Smaller Companies D Inc24.8525.97100.18405.261.06Buy
BlackRock UK Special Situations D Inc25.6513.7252.64715.361.91Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust PLC Ord 10P27.6720.6156.20-5.98366.68Buy
Artemis Alpha Trust plc O Inc29.30-7.488.03-20.84345.65Buy
Artemis Alpha Trust plc S Inc-75.68-95.05-94.12--Buy
Aurora Investment Trust plc18.8517.4617.551.89181.44Buy
Chelverton Growth Trust plc61.6281.82213.735.2975.98Buy
Columbia Threadneedle UK Select Trust23.3914.9478.30-9.90215.31Buy
Crystal Amber62.7657.05168.694.57218.51Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p23.976.3585.18-13.93262.43Buy
Fidelity Special Values PLC31.8727.36142.99-2.93239.51Buy
Henderson High Income Trust Ord19.8820.2884.540.51185.30Buy
Henderson Opportunities Trust22.686.36128.22-16.471,110.10Buy
Henderson Smaller Companies Investment Trust Ord21.3626.00145.85-14.85818.60Buy
Invesco Income Growth Trust plc15.5611.7662.12-10.80318.10Buy
Invesco Perpetual Select UK Equity plc16.2434.02125.92-0.91181.14Buy
Invesco Perpetual UK Smaller Companies plc31.4649.28158.47-2.79462.40Buy
JP Morgan Elect Managed Income18.9719.8767.026.88101.52Buy
JP Morgan Mid Cap IT plc7.8129.50152.81-9.791,077.49Buy
JP Morgan Smaller Cos IT plc11.606.3895.78-16.971,056.24Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-63.13----Buy
Jupiter UK Growth Investment Trust PLC Ord 5P14.6720.3758.55-1.97322.36Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-1.43-4.89-4.89--19.73InfrastructureBuy
Mobeus Income & Growth 2 VCT3.5757.53163.79--9.66VCT GeneralistBuy
Mobeus Income & Growth VCT4.6944.3199.98--28.57VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P-1.2235.6058.58--9.66VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P8.7335.3978.10--6.93VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord10.3426.0514.22--5.93VCT GeneralistBuy

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