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 Acc6.7527.7673.38376.542.84Buy
AXA Framlington UK Growth Z Acc6.0117.5446.93165.112.12Buy
AXA Framlington UK Mid Cap Z Acc9.3330.7181.66209.531.30Buy
AXA Framlington UK Select Opportunities ZI Acc7.6015.9046.393,114.891.73Buy
AXA Framlington UK Select Opportunities Z Acc7.5215.5745.783,114.891.64Buy
AXA Framlington UK Smaller Cos Z Acc14.3256.51136.31317.530.53Buy
AXA World Funds Framlington UK F Cap GBP9.03--143.70-Buy
Aberdeen Responsible UK Equity I Acc9.6927.4243.3228.291.90Buy
Aberdeen UK Equity Index Managed B Acc6.5722.1940.83994.363.50Buy
Aberdeen UK Equity I Acc4.6014.6228.70218.312.20Buy
Aberdeen UK Mid Cap Equity I Acc6.8325.7857.6242.181.30Buy
Aberdeen UK Smaller Companies Equity I Acc17.7140.2384.67110.941.30Buy
Allianz UK Mid Cap C15.1735.7777.7056.140.79Buy
Allianz UK Opportunities C12.0436.4162.3972.841.26Buy
Architas MM UK Equity A Acc6.7122.7143.51139.151.77Buy
Artemis Capital I Acc13.0528.1167.06328.712.20Buy
Artemis UK Select I Acc11.8428.2964.23706.871.75Buy
Artemis UK Smaller Companies I Acc15.5862.22104.46464.341.81Buy
Artemis UK Special Situations I Acc5.5018.3546.00885.142.14Buy
Aviva Inv UK Equity 2 Acc7.4827.1157.51250.572.52Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Monthly Income Z Inc6.7227.7273.47376.542.75Buy
AXA Framlington UK Growth Z Inc5.9817.4746.87165.112.17Buy
AXA Framlington UK Mid Cap Z Inc9.3130.7681.79209.531.31Buy
AXA Framlington UK Select Opportunities ZI Inc7.6615.9946.523,114.891.76Buy
AXA Framlington UK Select Opportunities Z Inc7.5015.5945.783,114.891.67Buy
AXA Framlington UK Smaller Cos Z Inc14.2756.47136.28317.530.53Buy
Aberdeen Responsible UK Equity I Inc9.6927.4443.3428.291.90Buy
Aberdeen UK Equity I Inc4.5914.6128.70218.312.20Buy
Aberdeen UK Mid Cap Equity I Inc6.8225.7557.6242.181.30Buy
Allianz UK Equity Income C Inc12.9922.6244.3871.913.77Buy
Architas MM UK Equity A Inc6.8422.9445.07139.151.94Buy
Artemis UK Special Situations I Inc5.5018.3745.95885.142.19Buy
Aviva Inv UK Equity 2 Inc7.4727.1157.50250.572.57Buy
Baillie Gifford British Smaller Companies B Inc5.9626.8963.37200.790.58Buy
Barclays UK Alpha R Dis GBP7.3020.7049.94569.202.10Buy
Barclays UK Lower Cap R Dis GBP9.0239.7593.7572.400.70Buy
Barclays UK Opportunities R Dis GBP9.7230.3864.7881.002.10Buy
BlackRock UK D Inc12.7635.1261.06528.321.53Buy
BlackRock UK Smaller Companies D Inc17.9260.00105.97528.080.89Buy
BlackRock UK Special Situations D Inc14.6436.0356.55706.831.45Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Artemis Alpha Trust plc Ordinary Inc22.0533.1338.32-16.26413.16Buy
Artemis Alpha Trust plc S Inc-----Buy
Aurora Investment Trust plc11.5249.7963.682.27216.10Buy
Chelverton Growth Trust plc-9.2954.8870.47-15.8475.45Buy
Crystal Amber-0.3965.0498.482.57223.27Buy
Downing Strategic Micro-Cap Investment Trust Plc Red Ord GBP0.001-14.47--1.2590.17Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p17.4144.3268.35-17.58336.08Buy
Fidelity Special Values PLC15.3344.9799.780.22276.38Buy
Henderson Opportunities Trust15.1414.7092.29-16.371,291.40Buy
Henderson Smaller Companies Investment Trust Ord23.5151.59133.82-9.301,056.20Buy
Invesco Income Growth Trust plc-2.006.6633.91-13.86334.33Buy
Invesco Perpetual Select UK Equity plc1.9122.4157.63-1.09190.58Buy
Invesco Perpetual UK Smaller Companies plc12.7853.78131.01-5.04541.26Buy
JP Morgan Mid Cap IT plc22.1849.27126.84-5.441,327.20Buy
JP Morgan Smaller Cos IT plc31.0260.01102.75-13.821,415.70Buy
Jupiter UK Growth Investment Trust PLC Ord 5P2.7910.8645.88-2.60353.19Buy
Keystone IT Plc0.205.2731.32-12.982,022.62Buy
Manchester & London IT plc41.79116.1988.38-2.60504.10Buy
The Mercantile Investment Trust Plc16.8541.8994.56-9.762,460.10Buy
Murray Income Trust PLC Ord 25p0.9317.2123.66-9.47868.24Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Mobeus Income & Growth 2 VCT9.7114.07125.48105.61-18.0918.50VCT GeneralistBuy
Mobeus Income & Growth VCT12.1326.4469.9271.75-13.5925.81VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P-0.3820.1445.3740.47-19.6930.32VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P3.7526.2342.1472.29-20.4640.75VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord5.2822.2630.2485.97-24.9738.18VCT GeneralistBuy

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