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 Acc17.5636.7390.06284.554.15Buy
AXA Framlington UK Growth Z Acc9.2926.3958.60173.812.15Buy
AXA Framlington UK Mid Cap Z Acc18.5748.98113.74191.571.19Buy
AXA Framlington UK Select Opportunities ZI Acc11.4427.9861.093,234.111.87Buy
AXA Framlington UK Select Opportunities Z Acc11.3127.6460.393,234.111.81Buy
AXA Framlington UK Smaller Cos Z Acc33.9874.07166.98321.360.90Buy
AXA World Funds Framlington UK F Cap GBP17.72--122.13-Buy
Aberdeen Responsible UK Equity I Acc12.8935.5051.6025.792.00Buy
Aberdeen UK Equity Index Managed B Acc11.9232.3150.41914.483.40Buy
Aberdeen UK Equity I Acc11.3725.8942.57212.782.20Buy
Aberdeen UK Mid Cap Equity I Acc14.8037.6173.6941.601.30Buy
Aberdeen UK Smaller Companies Equity I Acc26.1354.0091.92125.171.40Buy
Allianz UK Mid Cap C15.3547.2491.8851.320.88Buy
Allianz UK Opportunities C16.7841.8768.8462.551.38Buy
Architas MM UK Equity A Acc13.5028.7159.17136.351.82Buy
Artemis Capital I Acc17.6543.3893.93323.252.32Buy
Artemis UK Select I Acc21.3939.9688.64611.212.18Buy
Artemis UK Smaller Companies I Acc29.5371.03113.74454.761.45Buy
Artemis UK Special Situations I Acc7.1824.0358.02936.522.13Buy
Aviva Inv UK Equity 2 Acc15.1441.6971.27229.702.49Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Monthly Income Z Inc17.5236.7789.99284.554.22Buy
AXA Framlington UK Growth Z Inc9.3026.4058.65173.812.20Buy
AXA Framlington UK Mid Cap Z Inc18.5748.94113.79191.571.20Buy
AXA Framlington UK Select Opportunities ZI Inc11.4828.0061.203,234.111.89Buy
AXA Framlington UK Select Opportunities Z Inc11.2827.5460.373,234.111.77Buy
AXA Framlington UK Smaller Cos Z Inc34.0674.10167.03321.360.90Buy
Aberdeen Responsible UK Equity I Inc12.8935.5051.6225.792.00Buy
Aberdeen UK Equity I Inc11.3525.8942.57212.782.20Buy
Aberdeen UK Mid Cap Equity I Inc14.7837.5873.6941.601.30Buy
Allianz UK Equity Income C Inc14.6230.0955.3968.804.02Buy
Architas MM UK Equity A Inc13.6728.9060.84136.351.88Buy
Artemis UK Special Situations I Inc7.1824.0557.43936.522.18Buy
Aviva Inv UK Equity 2 Inc15.1441.6871.27229.702.54Buy
Baillie Gifford British Smaller Companies B Inc12.8436.5386.59193.290.83Buy
Barclays UK Alpha R Dis GBP7.8425.0867.08615.402.10Buy
Barclays UK Lower Cap R Dis GBP23.7458.44132.4484.400.70Buy
Barclays UK Opportunities R Dis GBP15.4438.9283.5188.702.10Buy
BlackRock UK D Inc15.6441.7371.39528.582.06Buy
BlackRock UK Smaller Companies D Inc31.6872.46123.47479.920.89Buy
BlackRock UK Special Situations D Inc20.7144.7666.00681.611.92Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Artemis Alpha Trust plc O Inc26.628.2210.87-19.58366.22Buy
Artemis Alpha Trust plc S Inc-92.31-99.64-99.77--Buy
Aurora Investment Trust plc21.2442.7355.071.52204.39Buy
Chelverton Growth Trust plc4.8045.56113.01-17.6779.56Buy
Crystal Amber7.9137.96102.360.38186.55Buy
Downing Strategic Micro-Cap Investment Trust Plc Red Ord GBP0.001---3.9493.80Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p30.7651.8066.37-19.42312.56Buy
Fidelity Special Values PLC15.2157.19132.29-5.17262.85Buy
Henderson Opportunities Trust33.2842.44138.02-16.361,246.40Buy
Henderson Smaller Companies Investment Trust Ord36.4672.06157.13-11.70964.90Buy
Invesco Income Growth Trust plc10.8717.4549.91-11.14324.67Buy
Invesco Perpetual Select UK Equity plc13.1831.5499.81-1.66188.12Buy
Invesco Perpetual UK Smaller Companies plc26.0385.84164.04-5.26532.53Buy
JP Morgan Mid Cap IT plc28.5968.05181.09-6.561,253.80Buy
JP Morgan Smaller Cos IT plc36.2856.03125.19-15.991,268.90Buy
Jupiter UK Growth Investment Trust PLC Ord 5P6.7111.3553.06-2.05317.25Buy
Keystone IT Plc13.578.5355.76-10.311,966.19Buy
Manchester & London IT plc64.46109.6570.53-4.52459.90Buy
The Mercantile Investment Trust Plc30.4861.58124.07-9.712,323.60Buy
Murray Income Trust PLC Ord 25p12.4817.5842.16-9.45851.48Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P12.6716.529.3591.50-7.65-VCT Specialist Infrastructure PQBuy
Mobeus Income & Growth 2 VCT3.1516.79155.18103.25-8.9622.34VCT GeneralistBuy
Mobeus Income & Growth VCT10.5428.9083.3074.08-14.9630.16VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P2.6022.7246.7943.65-8.3614.15VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P2.0529.3649.5884.01-20.8427.47VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord3.1318.1218.1189.03-15.2020.53VCT GeneralistBuy

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