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 Acc-8.8916.0637.52239.782.31Buy
AXA Framlington UK Mid Cap Z Acc-9.8627.5884.76127.361.44Buy
AXA Framlington UK Select Opportunities ZI Acc-11.4112.4938.483,572.582.32Buy
AXA Framlington UK Select Opportunities Z Acc-11.4612.2737.733,572.582.21Buy
AXA Framlington UK Smaller Cos Z Acc-6.6748.6288.25260.471.06Buy
Aberdeen Responsible UK Equity I Acc-5.817.1025.9418.662.70Buy
Aberdeen UK Enhanced Equity B Acc-5.0211.2829.56880.593.60Buy
Aberdeen UK Equity I Acc-8.952.8727.66212.412.70Buy
Aberdeen UK Mid Cap Equity I Acc-11.3311.3947.4159.072.00Buy
Aberdeen UK Smaller Companies Equity I Acc-12.9315.9145.35287.772.00Buy
Allianz UK Mid Cap C-7.0924.0758.4148.491.93Buy
Architas MM UK Equity A Acc-8.1613.4134.52120.872.21Buy
Artemis Capital I Acc-15.1612.9245.54276.422.74Buy
Artemis UK Select I Acc-17.867.2437.01459.942.44Buy
Artemis UK Smaller Companies I Acc-4.1324.9354.12318.181.69Buy
Artemis UK Special Situations I Acc-8.2714.8538.32975.132.38Buy
Aviva Inv UK Equity 2 Acc-4.5619.6945.25242.162.68Buy
Aviva Inv UK Growth 2-11.346.0226.40149.891.62Buy
Aviva Inv UK Smaller Companies 2-13.3517.6758.7358.921.09Buy
Baillie Gifford British Smaller Companies B Acc-11.9314.3453.02173.661.31Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc-8.9116.1837.31239.782.36Buy
AXA Framlington UK Mid Cap Z Inc-9.8327.6584.66127.361.46Buy
AXA Framlington UK Select Opportunities ZI Inc-11.3412.6738.673,572.582.36Buy
AXA Framlington UK Select Opportunities Z Inc-11.5212.2637.783,572.582.25Buy
AXA Framlington UK Smaller Cos Z Inc-6.5848.7388.38260.471.09Buy
Aberdeen Responsible UK Equity I Inc-5.807.1225.9618.662.70Buy
Aberdeen UK Equity I Inc-8.952.8827.61212.412.70Buy
Aberdeen UK Mid Cap Equity I Inc-11.3311.4147.4359.072.00Buy
Allianz UK Equity Income C Inc-12.334.8032.0060.304.69Buy
Architas MM UK Equity A Inc-8.1314.2535.63120.872.28Buy
Artemis UK Special Situations I Inc-8.2614.8536.30975.132.44Buy
Aviva Inv UK Equity 2 Inc-4.5619.6747.18242.162.73Buy
Baillie Gifford British Smaller Companies B Inc-11.9414.3052.97173.661.31Buy
Barclays UK Alpha R Dis GBP-14.319.2841.69561.202.10Buy
Barclays UK Alpha M Dis-14.0510.3344.13561.202.40Buy
Barclays UK Lower Cap R Dis GBP-12.2526.1174.9095.200.70Buy
Barclays UK Opportunities R Dis GBP-11.1615.5146.7383.502.10Buy
Baring UK Growth I Inc GBP-8.859.0127.0919.402.00Buy
BlackRock UK D Inc-5.5915.4933.76435.882.25Buy
BlackRock UK Smaller Companies D Inc-8.6222.8256.25334.951.16Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust Plc Ord 10P-9.168.4330.62-10.18309.36Buy
Artemis Alpha Trust plc O Inc-22.23-19.08-25.64-23.76286.44Buy
Artemis Alpha Trust plc S Inc-80.49-91.75-94.56--Buy
Aurora Investment Trust plc-0.3618.51-19.525.36149.96Buy
Chelverton Growth Trust plc58.5481.82160.005.3361.71Buy
Columbia Threadneedle UK Select Trust-11.471.1827.35-16.97183.06Buy
Crystal Amber-6.6514.2457.82-10.35165.08Buy
Fidelity Special Values PLC-13.4922.2975.24-11.38193.23Buy
Henderson High Income Trust Ord-7.8619.7364.75-1.05161.20Buy
Henderson Opportunities Trust-29.2623.3460.80-23.88888.70Buy
Henderson Smaller Companies Investment Trust Ord-17.7835.0291.61-21.44668.30Buy
Invesco Income Growth Trust plc-8.0217.9859.95-12.02285.87Buy
Invesco Perpetual Select UK Equity plc-3.0133.4197.28-0.65157.27Buy
Invesco Perpetual UK Smaller Companies plc-6.3946.3694.81-9.79379.10Buy
JP Morgan Elect Managed Income-3.0222.3849.68-0.6997.17Buy
JP Morgan Mid Cap IT plc-7.5343.18117.53-16.59917.13Buy
JP Morgan Smaller Cos IT plc-15.8517.1846.98-23.14915.92Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-70.51----Buy
JP Morgan Income & Growth Capital-76.85-67.95-55.99311,471.82-Buy
JP Morgan Income & Growth Inc4.7728.1967.22--Buy

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 VCT7.0076.46138.98123.63-13.654.68VCT GeneralistBuy
Mobeus Income & Growth VCT11.3752.2887.6897.32-14.9712.08VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P19.6441.2797.1453.20-10.728.95VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P22.8332.17125.8687.822.482.22VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord13.4120.4880.6598.33-8.479.06VCT GeneralistBuy

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