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 Acc16.1322.1471.06246.222.13Buy
AXA Framlington UK Mid Cap Z Acc14.8543.08134.36190.011.31Buy
AXA Framlington UK Select Opportunities ZI Acc11.3521.4169.603,557.681.82Buy
AXA Framlington UK Select Opportunities Z Acc11.2021.0468.653,557.681.75Buy
AXA Framlington UK Smaller Cos Z Acc25.3060.06170.94303.220.65Buy
Aberdeen Responsible UK Equity I Acc23.3425.4564.5224.512.00Buy
Aberdeen UK Enhanced Equity B Acc20.1622.2160.02836.423.30Buy
Aberdeen UK Equity I Acc21.8017.4858.24226.622.10Buy
Aberdeen UK Mid Cap Equity I Acc24.7832.40101.9749.681.30Buy
Aberdeen UK Smaller Companies Equity I Acc23.0432.09101.89145.101.70Buy
Allianz UK Mid Cap C10.0639.20104.0450.111.04Buy
Allianz UK Opportunities C24.5230.2781.4261.701.84Buy
Architas MM UK Equity A Acc20.2023.6772.71138.891.83Buy
Artemis Capital I Acc16.5926.88113.26343.262.54Buy
Artemis UK Select I Acc19.2229.9493.52579.512.30Buy
Artemis UK Smaller Companies I Acc31.8449.81121.48429.141.57Buy
Artemis UK Special Situations I Acc12.1419.8477.421,048.252.15Buy
Aviva Inv UK Equity 2 Acc20.3434.1782.18294.932.45Buy
Aviva Inv UK Growth 219.7628.5072.04184.281.47Buy
Aviva Inv UK Smaller Companies 217.6731.08103.3740.870.83Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc16.2522.1370.83246.222.17Buy
AXA Framlington UK Mid Cap Z Inc14.9243.12134.48190.011.33Buy
AXA Framlington UK Select Opportunities ZI Inc11.3421.4069.543,557.681.86Buy
AXA Framlington UK Select Opportunities Z Inc11.2520.9868.713,557.681.77Buy
AXA Framlington UK Smaller Cos Z Inc25.4060.06170.93303.220.66Buy
Aberdeen Responsible UK Equity I Inc23.3525.4964.5624.512.00Buy
Aberdeen UK Equity I Inc21.7917.5058.23226.622.10Buy
Aberdeen UK Mid Cap Equity I Inc24.7632.43101.9949.681.30Buy
Allianz UK Equity Income C Inc17.2916.8066.7469.044.12Buy
Architas MM UK Equity A Inc20.3923.7474.39138.891.89Buy
Artemis UK Special Situations I Inc12.1419.8576.121,048.252.19Buy
Aviva Inv UK Equity 2 Inc20.3434.1584.60294.932.50Buy
Baillie Gifford British Smaller Companies B Inc22.7235.1699.36196.680.81Buy
Barclays UK Alpha R Dis GBP20.0121.4784.90631.102.10Buy
Barclays UK Lower Cap R Dis GBP22.3946.83150.6581.200.70Buy
Barclays UK Opportunities R Dis GBP27.4833.2498.4690.702.10Buy
Baring UK Growth I Inc GBP20.7626.4869.1819.402.00Buy
BlackRock UK D Inc18.2834.0476.25560.161.83Buy
BlackRock UK Smaller Companies D Inc29.5053.58138.06466.120.96Buy
BlackRock UK Special Situations D Inc24.6632.3275.62737.371.77Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Artemis Alpha Trust plc O Inc26.581.2513.65-19.52355.06Buy
Artemis Alpha Trust plc S Inc-55.56-95.53-95.18--Buy
Aurora Investment Trust plc21.7927.1248.293.01190.76Buy
Chelverton Growth Trust plc-5.6357.65148.15-15.2079.01Buy
Crystal Amber32.4544.06156.33-10.09227.46Buy
Downing Strategic Micro-Cap Investment Trust Plc Red Ord GBP0.001---4.2998.04Buy
Dunedin Smaller Companies Investment Trust PLC Ord 5p19.3322.02110.93-19.71286.62Buy
Fidelity Special Values PLC22.5237.10161.70-5.05252.76Buy
Henderson High Income Trust Ord16.6728.64102.561.70189.90Buy
Henderson Opportunities Trust13.241.86141.52-18.951,112.90Buy
Henderson Smaller Companies Investment Trust Ord27.6156.73193.57-14.54907.40Buy
Invesco Income Growth Trust plc16.1819.0172.69-10.87343.31Buy
Invesco Perpetual Select UK Equity plc21.8036.02143.25-0.87189.91Buy
Invesco Perpetual UK Smaller Companies plc27.3263.81186.68-6.91503.55Buy
JP Morgan Elect Managed Income17.5324.6976.168.75102.30Buy
JP Morgan Mid Cap IT plc5.3348.38201.83-13.231,177.80Buy
JP Morgan Smaller Cos IT plc16.3920.26121.59-20.201,127.50Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-84.00----Buy
Jupiter UK Growth Investment Trust PLC Ord 5P15.2016.0890.96-1.21337.58Buy
Jupiter Dividend & Growth Ord Inc176.14175.60316.86260.001.25Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P-2.253.99-2.9585.50-12.2816.00InfrastructureBuy
Mobeus Income & Growth 2 VCT-2.8241.40140.00106.70-11.9010.64VCT GeneralistBuy
Mobeus Income & Growth VCT-0.5127.5388.4276.16-10.0621.17VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P0.6033.5263.1950.78-14.349.77VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P-5.7234.2953.7790.76-15.1610.99VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord1.8416.8214.8699.98-16.9810.37VCT GeneralistBuy

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