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 Acc11.0022.5676.13244.992.27Buy
AXA Framlington UK Mid Cap Z Acc7.4135.50141.53142.811.43Buy
AXA Framlington UK Select Opportunities ZI Acc9.3719.8174.793,959.962.28Buy
AXA Framlington UK Select Opportunities Z Acc9.1919.5673.723,959.962.17Buy
AXA Framlington UK Smaller Cos Z Acc7.6652.33134.64276.241.04Buy
Aberdeen Responsible UK Equity I Acc18.7415.7355.7520.422.40Buy
Aberdeen UK Enhanced Equity B Acc16.0218.2157.17946.543.60Buy
Aberdeen UK Equity I Acc13.4010.1854.21225.342.50Buy
Aberdeen UK Mid Cap Equity I Acc7.5116.7385.9260.981.70Buy
Aberdeen UK Smaller Companies Equity I Acc2.9218.9383.33291.052.20Buy
Allianz UK Mid Cap C14.2734.08108.3151.451.65Buy
Architas MM UK Equity A Acc12.7820.8870.40135.061.95Buy
Artemis Capital I Acc7.2522.1990.40315.432.36Buy
Artemis UK Select I Acc-3.0714.7874.26513.492.13Buy
Artemis UK Smaller Companies I Acc10.5833.2289.09355.521.48Buy
Artemis UK Special Situations I Acc11.8620.6276.831,136.062.08Buy
Aviva Inv UK Equity 2 Acc14.4526.8779.42267.682.37Buy
Aviva Inv UK Growth 29.5714.9564.02171.851.40Buy
Aviva Inv UK Smaller Companies 23.0121.6096.8967.450.95Buy
Baillie Gifford British Smaller Companies B Acc5.4422.88104.00189.601.14Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington UK Growth Z Inc11.0522.5475.88244.992.32Buy
AXA Framlington UK Mid Cap Z Inc7.4635.57141.94142.811.45Buy
AXA Framlington UK Select Opportunities ZI Inc9.3619.9274.883,959.962.32Buy
AXA Framlington UK Select Opportunities Z Inc9.2619.6073.813,959.962.21Buy
AXA Framlington UK Smaller Cos Z Inc7.6452.30134.60276.241.06Buy
Aberdeen Responsible UK Equity I Inc18.7515.7455.7520.422.40Buy
Aberdeen UK Equity I Inc13.4110.2054.19225.342.50Buy
Aberdeen UK Mid Cap Equity I Inc7.5016.7585.9460.981.70Buy
Allianz UK Equity Income C Inc7.6811.0262.0468.424.18Buy
Architas MM UK Equity A Inc12.7421.8071.85135.062.01Buy
Artemis UK Special Situations I Inc11.8720.6574.451,136.062.14Buy
Aviva Inv UK Equity 2 Inc14.4526.8681.82267.682.40Buy
Baillie Gifford British Smaller Companies B Inc5.4122.81103.89189.601.14Buy
Barclays UK Alpha R Dis GBP13.1720.6983.15552.202.10Buy
Barclays UK Alpha M Dis13.4921.7886.44552.202.40Buy
Barclays UK Lower Cap R Dis GBP11.7436.80136.4184.700.70Buy
Barclays UK Opportunities R Dis GBP17.3725.1889.2682.702.10Buy
Baring UK Growth I Inc GBP14.0418.7962.7318.102.00Buy
BlackRock UK D Inc14.8926.8473.88548.651.97Buy
BlackRock UK Smaller Companies D Inc10.1731.55102.22384.820.99Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust Plc Ord 10P11.0416.4564.15-7.03342.06Buy
Artemis Alpha Trust plc O Inc-6.51-11.30-18.45-22.30302.13Buy
Artemis Alpha Trust plc S Inc-89.10-95.17-96.63--Buy
Aurora Investment Trust plc9.2523.932.541.68160.80Buy
Chelverton Growth Trust plc92.59132.84254.5528.4860.71Buy
Columbia Threadneedle UK Select Trust7.0012.5267.44-14.38204.39Buy
Crystal Amber12.7633.25109.389.04161.41Buy
Dunedin Smaller Companies Investment Trust PLC Ord 25p-3.342.3254.83-17.03243.00Buy
Fidelity Special Values PLC-1.5521.78125.37-10.49218.42Buy
Henderson High Income Trust Ord8.4727.26102.550.23183.70Buy
Henderson Opportunities Trust-17.6820.31109.75-19.25982.70Buy
Henderson Smaller Companies Investment Trust Ord-2.9033.35161.24-16.68747.10Buy
Invesco Income Growth Trust plc3.6517.4382.68-10.49321.49Buy
Invesco Perpetual Select UK Equity plc11.9735.33130.33-1.66173.64Buy
Invesco Perpetual UK Smaller Companies plc5.1542.57139.01-5.90411.93Buy
JP Morgan Elect Managed Income11.9324.5476.72-4.37106.66Buy
JP Morgan Mid Cap IT plc-0.8147.82170.22-7.651,014.60Buy
JP Morgan Smaller Cos IT plc-8.2015.7687.20-20.93986.15Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-71.05----Buy
JP Morgan Income & Growth Capital-59.30-57.32-31.64-15.055.15Buy

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 VCT6.9568.45155.33123.67-16.104.82VCT GeneralistBuy
Mobeus Income & Growth VCT10.6948.9993.2390.73-2.1819.94VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P17.7543.2190.0953.46-12.559.09VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P23.0333.30131.2188.42-3.596.74VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord12.1222.5863.5797.81-8.495.87VCT GeneralistBuy

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