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 Acc1.0719.9146.95261.572.31Buy
AXA Framlington UK Mid Cap Z Acc-0.6330.0496.55136.831.44Buy
AXA Framlington UK Select Opportunities ZI Acc-2.8115.4046.033,844.482.32Buy
AXA Framlington UK Select Opportunities Z Acc-2.9715.1445.103,844.482.21Buy
AXA Framlington UK Smaller Cos Z Acc-0.1551.2391.49266.761.06Buy
Aberdeen Responsible UK Equity I Acc5.8111.8335.2919.202.60Buy
Aberdeen UK Enhanced Equity B Acc4.3314.5436.04935.063.60Buy
Aberdeen UK Equity I Acc2.286.8535.29217.632.60Buy
Aberdeen UK Mid Cap Equity I Acc-0.4816.5658.6557.762.00Buy
Aberdeen UK Smaller Companies Equity I Acc-5.8718.1755.37273.392.10Buy
Allianz UK Mid Cap C2.7226.3967.3851.551.76Buy
Architas MM UK Equity A Acc0.2215.6243.62131.062.02Buy
Artemis Capital I Acc-5.2615.3054.73301.982.49Buy
Artemis UK Select I Acc-8.7412.4844.65508.432.20Buy
Artemis UK Smaller Companies I Acc2.1528.9359.00336.991.58Buy
Artemis UK Special Situations I Acc1.8518.6547.811,060.952.16Buy
Aviva Inv UK Equity 2 Acc4.0523.6954.07261.412.45Buy
Aviva Inv UK Growth 2-1.1710.7835.86165.481.46Buy
Aviva Inv UK Smaller Companies 2-7.5418.0763.4862.871.02Buy
Baillie Gifford British Smaller Companies B Acc-3.2620.5265.16179.161.19Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc1.0319.9346.67261.572.36Buy
AXA Framlington UK Mid Cap Z Inc-0.6130.0896.45136.831.46Buy
AXA Framlington UK Select Opportunities ZI Inc-2.7815.4946.133,844.482.36Buy
AXA Framlington UK Select Opportunities Z Inc-2.9615.0745.223,844.482.25Buy
AXA Framlington UK Smaller Cos Z Inc-0.1851.2491.51266.761.09Buy
Aberdeen Responsible UK Equity I Inc5.8211.8635.3119.202.60Buy
Aberdeen UK Equity I Inc2.296.8635.24217.632.60Buy
Aberdeen UK Mid Cap Equity I Inc-0.4816.5858.6757.762.00Buy
Allianz UK Equity Income C Inc-4.555.8638.7165.144.37Buy
Architas MM UK Equity A Inc0.1516.4544.77131.062.09Buy
Artemis UK Special Situations I Inc1.8518.6845.721,060.952.22Buy
Aviva Inv UK Equity 2 Inc4.0523.6956.13261.412.49Buy
Baillie Gifford British Smaller Companies B Inc-3.2820.4765.08179.161.19Buy
Barclays UK Alpha R Dis GBP-3.3014.7655.15561.202.10Buy
Barclays UK Alpha M Dis-3.0515.8857.73561.202.40Buy
Barclays UK Lower Cap R Dis GBP-1.7330.6990.9595.200.70Buy
Barclays UK Opportunities R Dis GBP0.3720.4760.8183.502.10Buy
Baring UK Growth I Inc GBP2.3914.2836.9919.402.00Buy
BlackRock UK D Inc1.8717.9439.16469.112.07Buy
BlackRock UK Smaller Companies D Inc0.1225.6260.43352.781.06Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust Plc Ord 10P2.9012.8539.26-6.31335.94Buy
Artemis Alpha Trust plc O Inc-22.40-19.84-28.77-25.83288.54Buy
Artemis Alpha Trust plc S Inc-81.23-91.85-94.90--Buy
Aurora Investment Trust plc2.2319.67-19.025.87149.24Buy
Chelverton Growth Trust plc72.84104.38191.6716.6959.99Buy
Columbia Threadneedle UK Select Trust-2.256.2140.18-15.45198.11Buy
Crystal Amber-9.1315.0160.97-6.37153.79Buy
Dunedin Smaller Companies Investment Trust PLC Ord 25p-11.660.8244.14-20.50234.60Buy
Fidelity Special Values PLC-7.6721.5783.91-9.70206.53Buy
Henderson High Income Trust Ord1.4124.3480.263.03175.20Buy
Henderson Opportunities Trust-25.6819.0765.51-19.09923.30Buy
Henderson Smaller Companies Investment Trust Ord-12.7027.0496.51-18.04698.20Buy
Invesco Income Growth Trust plc-1.3617.5667.86-9.50309.40Buy
Invesco Perpetual Select UK Equity plc1.2832.55107.25-1.23167.82Buy
Invesco Perpetual UK Smaller Companies plc-2.3642.7294.60-7.02388.27Buy
JP Morgan Elect Managed Income-1.0118.5248.37-3.16103.26Buy
JP Morgan Mid Cap IT plc-1.5045.39132.80-5.22958.51Buy
JP Morgan Smaller Cos IT plc-12.4310.5145.21-20.75920.85Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-73.17----Buy
JP Morgan Income & Growth Capital-76.42-72.22-56.2938.892.25Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P1.75-0.71-89.60-0.672.81InfrastructureBuy
Mobeus Income & Growth 2 VCT9.0092.51143.45123.67-16.104.82VCT GeneralistBuy
Mobeus Income & Growth VCT11.0451.8287.1197.38-15.2812.12VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P17.1238.3088.5353.33-12.819.14VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P27.8733.26127.4288.391.836.39VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord13.4126.7564.4898.64-8.765.83VCT GeneralistBuy

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