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 Acc14.8123.6478.18243.412.22Buy
AXA Framlington UK Mid Cap Z Acc9.8641.07146.49153.361.38Buy
AXA Framlington UK Select Opportunities ZI Acc10.3318.9174.003,907.532.21Buy
AXA Framlington UK Select Opportunities Z Acc10.2418.5772.943,907.532.11Buy
AXA Framlington UK Smaller Cos Z Acc7.8352.90143.96284.090.99Buy
Aberdeen Responsible UK Equity I Acc25.2717.2759.0920.752.30Buy
Aberdeen UK Enhanced Equity B Acc20.4919.0759.95912.863.60Buy
Aberdeen UK Equity I Acc17.9310.6556.35228.042.50Buy
Aberdeen UK Mid Cap Equity I Acc14.4520.3893.0961.151.70Buy
Aberdeen UK Smaller Companies Equity I Acc9.4022.2492.37299.962.10Buy
Allianz UK Mid Cap C14.1233.87107.0650.781.11Buy
Architas MM UK Equity A Acc11.1918.5669.71133.721.95Buy
Artemis Capital I Acc8.1223.1596.62313.652.33Buy
Artemis UK Select I Acc-0.3017.1780.15514.022.06Buy
Artemis UK Smaller Companies I Acc12.3133.2593.94355.601.49Buy
Artemis UK Special Situations I Acc14.2320.3576.961,133.842.07Buy
Aviva Inv UK Equity 2 Acc16.0926.4078.28266.722.36Buy
Aviva Inv UK Growth 210.9816.1466.27172.691.39Buy
Aviva Inv UK Smaller Companies 24.8323.81109.3469.810.92Buy
Baillie Gifford British Smaller Companies B Acc8.2624.15112.93194.941.07Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc14.8123.6277.81243.412.28Buy
AXA Framlington UK Mid Cap Z Inc9.8841.18146.83153.361.40Buy
AXA Framlington UK Select Opportunities ZI Inc10.2819.0474.153,907.532.25Buy
AXA Framlington UK Select Opportunities Z Inc10.1118.6273.003,907.532.15Buy
AXA Framlington UK Smaller Cos Z Inc7.8852.89143.95284.091.04Buy
Aberdeen Responsible UK Equity I Inc25.2717.2759.0920.752.30Buy
Aberdeen UK Equity I Inc17.9410.6756.33228.042.50Buy
Aberdeen UK Mid Cap Equity I Inc14.4520.4193.1261.151.70Buy
Allianz UK Equity Income C Inc10.6611.6963.0166.534.22Buy
Architas MM UK Equity A Inc11.1219.4871.03133.722.01Buy
Artemis UK Special Situations I Inc14.2420.3774.711,133.842.13Buy
Aviva Inv UK Equity 2 Inc16.0926.3980.66266.722.40Buy
Baillie Gifford British Smaller Companies B Inc8.2624.13112.87194.941.07Buy
Barclays UK Alpha R Dis GBP13.1517.9979.01587.002.10Buy
Barclays UK Alpha M Dis13.4619.0582.09587.002.40Buy
Barclays UK Lower Cap R Dis GBP8.2136.39141.7094.100.70Buy
Barclays UK Opportunities R Dis GBP15.5623.2285.0284.502.10Buy
Baring UK Growth I Inc GBP16.4518.4163.7623.002.00Buy
BlackRock UK D Inc14.5727.9475.17558.181.81Buy
BlackRock UK Smaller Companies D Inc12.3834.14112.37397.721.14Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust Plc Ord 10P17.0218.4065.46-6.50339.02Buy
Artemis Alpha Trust plc O Inc-4.75-15.35-8.01-22.51313.41Buy
Artemis Alpha Trust plc S Inc-88.82-94.88-96.47--Buy
Aurora Investment Trust plc5.1018.4714.092.21160.45Buy
Chelverton Growth Trust plc152.81198.01411.3679.9162.53Buy
Columbia Threadneedle UK Select Trust11.9711.0067.22-12.92201.53Buy
Crystal Amber19.9946.38144.640.81189.96Buy
Dunedin Smaller Companies Investment Trust PLC Ord 25p6.502.4285.10-17.35248.35Buy
Fidelity Special Values PLC6.1923.90134.38-8.78217.05Buy
Henderson High Income Trust Ord13.9329.22102.063.40179.40Buy
Henderson Opportunities Trust-12.5414.67136.39-18.68996.70Buy
Henderson Smaller Companies Investment Trust Ord8.2635.03173.74-15.19750.50Buy
Invesco Income Growth Trust plc11.0720.7684.86-9.89315.74Buy
Invesco Perpetual Select UK Equity plc9.8034.73128.38-0.05171.34Buy
Invesco Perpetual UK Smaller Companies plc10.4344.42152.23-4.51420.99Buy
JP Morgan Elect Managed Income9.2823.6178.31-2.38104.74Buy
JP Morgan Mid Cap IT plc0.8052.68193.94-6.151,013.00Buy
JP Morgan Smaller Cos IT plc-6.559.23107.56-19.401,007.70Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-82.69----Buy
JP Morgan Income & Growth Capital-57.69-64.89-36.541.783.93Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-0.54-2.95-91.10-17.6719.33InfrastructureBuy
Mobeus Income & Growth 2 VCT5.9479.84188.98118.62-12.964.84VCT GeneralistBuy
Mobeus Income & Growth VCT5.2143.3699.9490.71-17.6020.74VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P3.7746.6591.8550.80-7.499.44VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P21.5933.87138.3088.44-4.746.82VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord10.3921.0164.3497.48-10.246.00VCT GeneralistBuy

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