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 Acc16.9021.2260.04245.862.07Buy
AXA Framlington UK Mid Cap Z Acc17.1936.55121.75184.921.40Buy
AXA Framlington UK Select Opportunities ZI Acc13.0219.5857.543,800.211.92Buy
AXA Framlington UK Select Opportunities Z Acc12.9619.1856.553,800.211.84Buy
AXA Framlington UK Smaller Cos Z Acc23.4953.47154.10306.760.87Buy
Aberdeen Responsible UK Equity I Acc25.0222.6853.8223.562.20Buy
Aberdeen UK Enhanced Equity B Acc19.6622.2850.62923.763.30Buy
Aberdeen UK Equity I Acc22.0716.1348.93222.012.30Buy
Aberdeen UK Mid Cap Equity I Acc25.1329.8089.5053.051.40Buy
Aberdeen UK Smaller Companies Equity I Acc21.7227.6190.86329.131.80Buy
Allianz UK Mid Cap C16.8435.8391.0551.601.03Buy
Allianz UK Opportunities C24.0926.2070.5560.421.90Buy
Architas MM UK Equity A Acc17.2921.0562.89137.771.23Buy
Artemis Capital I Acc20.4427.61106.04338.292.53Buy
Artemis UK Select I Acc20.9625.0180.62544.712.35Buy
Artemis UK Smaller Companies I Acc30.1445.61111.47403.021.60Buy
Artemis UK Special Situations I Acc15.3618.6969.221,091.562.15Buy
Aviva Inv UK Equity 2 Acc18.4229.9170.21280.942.56Buy
Aviva Inv UK Growth 219.7424.0160.89181.191.51Buy
Aviva Inv UK Smaller Companies 215.2825.2194.4440.970.84Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc16.8521.1959.75245.862.12Buy
AXA Framlington UK Mid Cap Z Inc17.2336.64122.14184.921.42Buy
AXA Framlington UK Select Opportunities ZI Inc13.0319.5457.673,800.211.95Buy
AXA Framlington UK Select Opportunities Z Inc12.9419.2056.683,800.211.86Buy
AXA Framlington UK Smaller Cos Z Inc23.5153.53154.20306.760.88Buy
Aberdeen Responsible UK Equity I Inc25.0222.7253.8423.562.20Buy
Aberdeen UK Equity I Inc22.0716.1648.93222.012.30Buy
Aberdeen UK Mid Cap Equity I Inc25.1129.8489.5253.051.40Buy
Allianz UK Equity Income C Inc15.6515.9160.9167.484.23Buy
Architas MM UK Equity A Inc17.5221.1764.54137.771.36Buy
Artemis UK Special Situations I Inc15.3718.7167.801,091.562.20Buy
Aviva Inv UK Equity 2 Inc17.0628.4070.50280.942.61Buy
Baillie Gifford British Smaller Companies B Inc19.0226.6290.65192.030.80Buy
Barclays UK Alpha R Dis GBP19.0022.6780.71616.902.10Buy
Barclays UK Lower Cap R Dis GBP25.5041.06138.1676.400.70Buy
Barclays UK Opportunities R Dis GBP24.1431.5386.1688.102.10Buy
Baring UK Growth I Inc GBP21.0224.2054.9118.902.00Buy
BlackRock UK D Inc21.4230.9065.18539.181.88Buy
BlackRock UK Smaller Companies D Inc30.0742.50118.49423.700.99Buy
BlackRock UK Special Situations D Inc25.2725.2260.45718.851.82Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Artemis Alpha Trust plc O Inc24.222.029.48-18.85357.38Buy
Artemis Alpha Trust plc S Inc-47.83-93.37-92.50--Buy
Aurora Investment Trust plc18.1128.6725.521.33189.98Buy
Chelverton Growth Trust plc6.0664.71159.261.7768.78Buy
Columbia Threadneedle UK Select Trust28.5724.8382.36-5.10220.24Buy
Crystal Amber53.3963.24185.52-1.65241.49Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p13.5810.6285.72-22.42281.63Buy
Fidelity Special Values PLC24.5139.20151.54-5.17250.18Buy
Henderson High Income Trust Ord11.6625.0388.000.48187.60Buy
Henderson Opportunities Trust18.6412.26142.73-15.181,133.90Buy
Henderson Smaller Companies Investment Trust Ord21.6440.40159.19-16.64882.90Buy
Invesco Income Growth Trust plc11.3618.9764.54-10.24326.16Buy
Invesco Perpetual Select UK Equity plc18.3140.06143.581.11183.71Buy
Invesco Perpetual UK Smaller Companies plc30.7264.13170.812.92470.29Buy
JP Morgan Elect Managed Income15.7624.0167.357.49102.10Buy
JP Morgan Mid Cap IT plc10.7239.40180.49-10.561,168.43Buy
JP Morgan Smaller Cos IT plc10.8618.1998.61-20.521,142.36Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-65.28----Buy
Jupiter UK Growth Investment Trust PLC Ord 5P15.5921.1469.46-2.40344.90Buy
Jupiter Dividend & Growth Ord Inc128.81128.36255.57534.060.69Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-2.88-6.83-6.8380.60-10.6716.67InfrastructureBuy
Mobeus Income & Growth 2 VCT-3.0441.74141.75114.94-18.2210.64VCT GeneralistBuy
Mobeus Income & Growth VCT1.5537.0181.1783.53-16.8030.94VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P3.7438.8465.2450.52-9.949.34VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P-5.9036.1662.3090.45-11.557.19VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord1.6024.0613.2199.00-12.636.07VCT 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.