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 Acc7.2328.2673.47378.012.84Buy
AXA Framlington UK Growth Z Acc6.3817.6746.02165.372.12Buy
AXA Framlington UK Mid Cap Z Acc9.4530.3381.00208.651.30Buy
AXA Framlington UK Select Opportunities ZI Acc8.2516.1746.113,128.321.73Buy
AXA Framlington UK Select Opportunities Z Acc8.1815.8445.633,128.321.64Buy
AXA Framlington UK Smaller Cos Z Acc14.4856.61136.65317.700.53Buy
AXA World Funds Framlington UK F Cap GBP10.84--144.17-Buy
Aberdeen Responsible UK Equity I Acc9.7127.2441.8928.251.90Buy
Aberdeen UK Equity Index Managed B Acc6.9522.5540.42997.623.50Buy
Aberdeen UK Equity I Acc4.4814.3827.37217.982.20Buy
Aberdeen UK Mid Cap Equity I Acc6.6725.5656.2342.131.30Buy
Aberdeen UK Smaller Companies Equity I Acc17.4940.1384.27110.961.30Buy
Allianz UK Mid Cap C14.7535.3476.2155.940.80Buy
Allianz UK Opportunities C11.9936.4961.3472.901.26Buy
Architas MM UK Equity A Acc7.6123.3642.70139.851.77Buy
Artemis Capital I Acc13.4428.7966.44328.712.18Buy
Artemis UK Select I Acc12.2428.6563.85706.871.75Buy
Artemis UK Smaller Companies I Acc16.1062.39102.04464.341.81Buy
Artemis UK Special Situations I Acc5.7418.4144.01885.142.14Buy
Aviva Inv UK Equity 2 Acc7.9627.5056.83251.332.50Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Monthly Income Z Inc7.2728.2973.63378.012.75Buy
AXA Framlington UK Growth Z Inc6.3417.5445.98165.372.17Buy
AXA Framlington UK Mid Cap Z Inc9.4830.3981.02208.651.31Buy
AXA Framlington UK Select Opportunities ZI Inc8.2316.2146.313,128.321.76Buy
AXA Framlington UK Select Opportunities Z Inc8.2115.8845.663,128.321.67Buy
AXA Framlington UK Smaller Cos Z Inc14.4856.65136.74317.700.53Buy
Aberdeen Responsible UK Equity I Inc9.7027.2541.9128.251.90Buy
Aberdeen UK Equity I Inc4.4614.3727.37217.982.20Buy
Aberdeen UK Mid Cap Equity I Inc6.6725.5456.2542.131.30Buy
Allianz UK Equity Income C Inc13.3622.7443.7271.983.76Buy
Architas MM UK Equity A Inc7.6823.5744.11139.851.94Buy
Artemis UK Special Situations I Inc5.7518.4243.96885.142.19Buy
Aviva Inv UK Equity 2 Inc7.9627.5056.82251.332.60Buy
Baillie Gifford British Smaller Companies B Inc7.1127.2464.15201.350.58Buy
Barclays UK Alpha R Dis GBP8.1221.7548.55569.202.10Buy
Barclays UK Lower Cap R Dis GBP10.2540.6891.2672.400.70Buy
Barclays UK Opportunities R Dis GBP10.4031.1962.5481.002.10Buy
BlackRock UK D Inc12.7034.5159.05558.391.53Buy
BlackRock UK Smaller Companies D Inc18.2760.11106.31528.780.89Buy
BlackRock UK Special Situations D Inc14.8336.0855.94708.021.45Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Artemis Alpha Trust plc Ordinary Inc21.8933.1334.83-16.30413.38Buy
Artemis Alpha Trust plc S Inc-----Buy
Aurora Investment Trust plc11.6649.7963.681.63217.46Buy
Chelverton Growth Trust plc-7.8657.3268.63-14.5175.45Buy
Crystal Amber-0.1765.0498.682.57223.27Buy
Downing Strategic Micro-Cap Investment Trust Plc Red Ord GBP0.001-15.06--1.2389.99Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p21.8948.7572.84-15.43337.60Buy
Fidelity Special Values PLC15.1544.4598.28-1.26279.51Buy
Henderson Opportunities Trust14.4313.9190.96-17.831,305.20Buy
Henderson Smaller Companies Investment Trust Ord24.6453.18136.26-8.961,063.30Buy
Invesco Income Growth Trust plc-1.067.0334.18-13.94335.80Buy
Invesco Perpetual Select UK Equity plc2.8522.4157.63-2.02192.39Buy
Invesco Perpetual UK Smaller Companies plc13.0955.58133.27-4.43544.08Buy
JP Morgan Mid Cap IT plc23.5150.46129.29-5.751,342.20Buy
JP Morgan Smaller Cos IT plc33.2162.30105.42-13.141,424.70Buy
Jupiter UK Growth Investment Trust PLC Ord 5P4.3011.8347.15-2.37355.42Buy
Keystone IT Plc1.055.5531.18-12.642,040.35Buy
Manchester & London IT plc42.46115.5388.41-2.00499.50Buy
The Mercantile Investment Trust Plc16.9741.8992.06-10.562,482.20Buy
Murray Income Trust PLC Ord 25p0.9317.2121.73-10.37876.90Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Mobeus Income & Growth 2 VCT9.7114.07134.80105.61-18.0918.50VCT GeneralistBuy
Mobeus Income & Growth VCT12.1326.4469.9271.75-13.5925.81VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P0.3421.0246.4240.47-7.8330.32VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P4.0326.5742.5272.29-13.5440.75VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord4.4821.3429.2685.97-20.3238.18VCT GeneralistBuy

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