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 Acc17.5818.8557.78244.622.09Buy
AXA Framlington UK Mid Cap Z Acc11.5525.98115.30171.891.49Buy
AXA Framlington UK Select Opportunities ZI Acc10.6214.6552.953,745.042.01Buy
AXA Framlington UK Select Opportunities Z Acc10.6114.4052.063,745.041.92Buy
AXA Framlington UK Smaller Cos Z Acc14.5240.13136.30285.990.90Buy
Aberdeen Responsible UK Equity I Acc24.1822.5849.0722.942.20Buy
Aberdeen UK Enhanced Equity B Acc22.8925.2649.64962.273.30Buy
Aberdeen UK Equity I Acc21.1316.5544.52221.282.30Buy
Aberdeen UK Mid Cap Equity I Acc19.3321.1878.8862.311.40Buy
Aberdeen UK Smaller Companies Equity I Acc17.6718.1881.46312.621.80Buy
Allianz UK Mid Cap C10.4021.8376.9948.481.11Buy
Architas MM UK Equity A Acc18.0821.8958.54138.881.25Buy
Artemis Capital I Acc19.0221.0597.43336.752.09Buy
Artemis UK Select I Acc14.9216.4273.70544.722.46Buy
Artemis UK Smaller Companies I Acc24.0436.4599.91390.811.70Buy
Artemis UK Special Situations I Acc13.0713.3560.181,087.032.23Buy
Aviva Inv UK Equity 2 Acc18.4228.0166.18281.522.39Buy
Aviva Inv UK Growth 216.8419.4755.20178.211.27Buy
Aviva Inv UK Smaller Companies 210.9315.7586.7141.360.78Buy
Baillie Gifford British Smaller Companies B Acc15.6316.0485.21184.610.81Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc17.5318.8657.47244.622.15Buy
AXA Framlington UK Mid Cap Z Inc11.5525.98115.46171.891.51Buy
AXA Framlington UK Select Opportunities Z Inc10.5914.3252.053,745.041.96Buy
AXA Framlington UK Select Opportunities ZI Inc10.6814.6553.023,745.042.05Buy
AXA Framlington UK Smaller Cos Z Inc14.5540.18136.38285.990.90Buy
Aberdeen Responsible UK Equity I Inc23.2821.7248.0122.942.20Buy
Aberdeen UK Equity I Inc21.1616.5844.51221.282.30Buy
Aberdeen UK Mid Cap Equity I Inc19.3121.2178.8962.311.40Buy
Allianz UK Equity Income C Inc16.0016.0055.4366.764.30Buy
Architas MM UK Equity A Inc18.2721.9460.06138.881.38Buy
Artemis UK Special Situations I Inc13.0713.3758.711,087.032.28Buy
Aviva Inv UK Equity 2 Inc18.4228.0068.40281.522.45Buy
Baillie Gifford British Smaller Companies B Inc15.6416.0285.07184.610.81Buy
Barclays UK Alpha R Dis GBP20.5221.9973.97605.802.10Buy
Barclays UK Lower Cap R Dis GBP19.3030.19127.2673.800.70Buy
Barclays UK Opportunities R Dis GBP23.3329.4479.0785.402.10Buy
Baring UK Growth I Inc GBP18.9021.8449.9619.002.00Buy
BlackRock UK D Inc17.6123.2159.88539.741.95Buy
BlackRock UK Smaller Companies D Inc21.2129.08105.34416.401.07Buy
BlackRock UK Special Situations D Inc22.4919.5657.73722.891.89Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust PLC Ord 10P24.8026.6659.28-6.15364.93Buy
Artemis Alpha Trust plc O Inc24.95-4.2511.53-19.03345.48Buy
Artemis Alpha Trust plc S Inc-64.00-95.03-93.84--Buy
Aurora Investment Trust plc14.7022.2620.170.70186.19Buy
Chelverton Growth Trust plc40.0060.92169.23-6.5374.89Buy
Columbia Threadneedle UK Select Trust32.7824.3991.68-3.50217.61Buy
Crystal Amber54.0257.50167.97-0.22231.52Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p20.6010.7181.89-16.38269.06Buy
Fidelity Special Values PLC20.6025.81129.15-8.42243.51Buy
Henderson High Income Trust Ord15.6727.5985.611.67188.10Buy
Henderson Opportunities Trust21.237.16126.12-14.741,087.30Buy
Henderson Smaller Companies Investment Trust Ord18.5225.35142.09-16.67832.80Buy
Invesco Income Growth Trust plc12.9418.8663.38-11.34325.96Buy
Invesco Perpetual Select UK Equity plc13.2232.19121.41-2.06183.79Buy
Invesco Perpetual UK Smaller Companies plc29.0955.35150.08-3.23469.15Buy
JP Morgan Elect Managed Income15.1122.7167.058.04102.05Buy
JP Morgan Mid Cap IT plc7.4028.05152.99-11.191,097.91Buy
JP Morgan Smaller Cos IT plc9.726.9990.23-18.611,083.67Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-62.14----Buy
Jupiter UK Growth Investment Trust PLC Ord 5P11.2015.0561.38-3.06330.10Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-3.45-6.83-6.83--16.67InfrastructureBuy
Mobeus Income & Growth 2 VCT-1.1443.19150.91--10.58VCT GeneralistBuy
Mobeus Income & Growth VCT5.0737.7581.17--30.94VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P4.8443.0965.24--9.34VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P-3.9234.8663.51--6.89VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord3.9523.4111.66--5.87VCT GeneralistBuy

Disclaimer

Interactive Investor does not endorse any particular product. If you are unsure about whether an investment is suitable for you please seek advice from a financial advisor.