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 Acc17.1441.6789.30278.034.17Buy
AXA Framlington UK Growth Z Acc8.5936.1962.38179.302.16Buy
AXA Framlington UK Mid Cap Z Acc17.7264.82120.89208.731.20Buy
AXA Framlington UK Select Opportunities ZI Acc10.6536.5361.013,334.442.04Buy
AXA Framlington UK Select Opportunities Z Acc10.5836.1860.253,334.441.96Buy
AXA Framlington UK Smaller Cos Z Acc32.0289.18167.76327.070.62Buy
Aberdeen Responsible UK Equity I Acc12.8344.2856.8824.592.10Buy
Aberdeen UK Equity Index Managed B Acc12.1038.9253.92811.523.40Buy
Aberdeen UK Equity I Acc10.6034.3447.37220.222.30Buy
Aberdeen UK Mid Cap Equity I Acc15.8352.3584.7145.191.40Buy
Aberdeen UK Smaller Companies Equity I Acc26.4463.0499.99155.811.50Buy
Allianz UK Mid Cap C15.4166.04100.5153.350.86Buy
Allianz UK Opportunities C18.6248.9472.1863.531.38Buy
Architas MM UK Equity A Acc12.3034.0063.91138.351.85Buy
Artemis Capital I Acc22.3555.20106.46323.982.30Buy
Artemis UK Select I Acc25.3447.4890.77589.872.20Buy
Artemis UK Smaller Companies I Acc33.4175.85116.62437.091.47Buy
Artemis UK Special Situations I Acc6.8731.0262.82969.532.12Buy
Aviva Inv UK Equity 2 Acc14.7451.6673.68221.252.41Buy
Aviva Inv UK Growth 220.4150.6971.03191.661.38Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Monthly Income Z Inc17.1641.6089.19278.034.25Buy
AXA Framlington UK Growth Z Inc8.5736.2062.48179.302.21Buy
AXA Framlington UK Mid Cap Z Inc17.7264.95121.01208.731.20Buy
AXA Framlington UK Select Opportunities ZI Inc10.8136.5261.143,334.442.08Buy
AXA Framlington UK Select Opportunities Z Inc10.6436.0860.353,334.441.98Buy
AXA Framlington UK Smaller Cos Z Inc31.9689.13167.70327.070.63Buy
Aberdeen Responsible UK Equity I Inc12.8544.2956.9024.592.10Buy
Aberdeen UK Equity I Inc10.6034.3247.35220.222.30Buy
Aberdeen UK Mid Cap Equity I Inc15.8352.3584.7145.191.40Buy
Allianz UK Equity Income C Inc14.4637.5260.2568.554.02Buy
Architas MM UK Equity A Inc12.5034.1565.64138.351.91Buy
Artemis UK Special Situations I Inc6.8831.0462.02969.532.17Buy
Aviva Inv UK Equity 2 Inc14.7451.8472.98221.252.49Buy
Baillie Gifford British Smaller Companies B Inc12.2149.8987.75197.120.82Buy
Barclays UK Alpha R Dis GBP11.6835.2575.75611.902.10Buy
Barclays UK Lower Cap R Dis GBP28.1269.42145.2182.400.70Buy
Barclays UK Opportunities R Dis GBP18.6751.7391.6487.602.10Buy
Baring UK Growth I Inc GBP16.2744.5264.1119.602.00Buy
BlackRock UK D Inc16.6652.4972.46530.842.06Buy
BlackRock UK Smaller Companies D Inc33.4686.14132.40472.430.89Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Artemis Alpha Trust plc O Inc28.9719.0911.53-17.87369.84Buy
Artemis Alpha Trust plc S Inc-24.05-96.25-97.25--Buy
Aurora Investment Trust plc23.1540.1954.590.34205.81Buy
Chelverton Growth Trust plc-39.1362.79180.00-16.1183.44Buy
Crystal Amber7.2359.12130.18-3.52203.15Buy
Downing Strategic Micro-Cap Investment Trust Plc Red Ord GBP0.001---4.2495.09Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p30.1162.1483.34-17.91315.50Buy
Fidelity Special Values PLC26.3963.65146.95-4.63261.08Buy
Henderson Opportunities Trust24.3728.00134.13-18.551,250.50Buy
Henderson Smaller Companies Investment Trust Ord33.0587.55163.66-14.45972.50Buy
Invesco Income Growth Trust plc13.5731.3059.80-9.59332.91Buy
Invesco Perpetual Select UK Equity plc15.3446.18104.67-1.89190.34Buy
Invesco Perpetual UK Smaller Companies plc33.52103.73172.72-6.19541.51Buy
JP Morgan Mid Cap IT plc28.1177.63176.50-10.451,260.70Buy
JP Morgan Smaller Cos IT plc32.7269.06117.07-18.911,270.20Buy
Jupiter UK Growth Investment Trust PLC Ord 5P14.3430.1265.07-1.88337.33Buy
Jupiter Dividend & Growth Ord Inc38.2782.38163.751,823.080.13Buy
Jupiter Dividend & Growth Common22.5449.09126.45-0.93148.88Buy
Jupiter Dividend & Growth ZDP17.6444.9498.31-1.00148.23Buy
Keystone IT Plc10.8918.5058.72-11.422,010.71Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P8.0011.694.8285.60-5.37-InfrastructureBuy
Mobeus Income & Growth 2 VCT2.3016.38157.52110.17-15.5918.28VCT GeneralistBuy
Mobeus Income & Growth VCT8.4628.0693.0476.16-13.3422.73VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P1.4622.7247.5147.12-15.1119.15VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P-0.7725.0159.2486.82-17.0716.11VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord2.4216.3217.6496.35-17.4915.48VCT GeneralistBuy

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