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 Acc-1.4434.1053.79218.294.52Buy
AXA Framlington UK Growth Z Acc-6.2417.6940.34233.492.31Buy
AXA Framlington UK Mid Cap Z Acc1.5941.73106.97157.521.44Buy
AXA Framlington UK Select Opportunities ZI Acc-4.5820.3550.163,988.472.32Buy
AXA Framlington UK Select Opportunities Z Acc-4.7320.0849.323,988.472.21Buy
AXA Framlington UK Smaller Cos Z Acc7.3464.37112.69285.051.06Buy
Aberdeen Responsible UK Equity I Acc-9.102.3924.4417.882.70Buy
Aberdeen UK Enhanced Equity B Acc-6.867.3928.21910.293.60Buy
Aberdeen UK Equity I Acc-12.92-2.0125.34215.382.70Buy
Aberdeen UK Mid Cap Equity I Acc-8.1715.6853.9658.892.00Buy
Aberdeen UK Smaller Companies Equity I Acc-7.1123.7553.95292.402.00Buy
Allianz UK Mid Cap C-1.2530.9668.2653.951.76Buy
Architas MM UK Equity A Acc-4.9412.7238.10128.772.09Buy
Artemis Capital I Acc-6.4422.1362.06314.742.43Buy
Artemis UK Select I Acc-4.8322.0859.15557.192.09Buy
Artemis UK Smaller Companies I Acc6.7034.6869.46354.241.54Buy
Artemis UK Special Situations I Acc-2.5420.3744.381,109.562.21Buy
Aviva Inv UK Equity 2 Acc-2.9121.4148.75253.342.55Buy
Aviva Inv UK Growth 2-4.6812.6136.04166.701.47Buy
Aviva Inv UK Smaller Companies 2-0.9332.9381.4367.740.95Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington Monthly Income Z Inc-1.3834.2354.02218.294.70Buy
AXA Framlington UK Growth Z Inc-6.2617.6740.14233.492.36Buy
AXA Framlington UK Mid Cap Z Inc1.6341.83106.87157.521.46Buy
AXA Framlington UK Select Opportunities ZI Inc-4.6120.4350.373,988.472.36Buy
AXA Framlington UK Select Opportunities Z Inc-4.7220.1149.443,988.472.25Buy
AXA Framlington UK Smaller Cos Z Inc7.3664.38112.71285.051.09Buy
Aberdeen Responsible UK Equity I Inc-9.092.4224.4717.882.70Buy
Aberdeen UK Equity I Inc-12.91-1.9925.29215.382.70Buy
Aberdeen UK Mid Cap Equity I Inc-8.1715.7153.9958.892.00Buy
Allianz UK Equity Income C Inc-10.286.4934.8964.214.45Buy
Architas MM UK Equity A Inc-4.9313.5939.29128.772.16Buy
Artemis UK Special Situations I Inc-2.5420.3242.171,109.562.27Buy
Aviva Inv UK Equity 2 Inc-2.9121.3950.73253.342.60Buy
Baillie Gifford British Smaller Companies B Inc-4.3022.7868.56191.381.18Buy
Barclays UK Alpha R Dis GBP-7.7415.8851.35568.802.10Buy
Barclays UK Alpha M Dis-7.4816.8854.01568.802.40Buy
Barclays UK Lower Cap R Dis GBP3.0945.10101.6594.700.70Buy
Barclays UK Opportunities R Dis GBP-6.7819.4653.7484.602.10Buy
Baring UK Growth I Inc GBP-6.729.1529.1921.002.00Buy
BlackRock UK D Inc-1.5918.4738.13475.032.10Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen UK Tracker Trust Plc Ord 10P-8.815.8328.75-8.33317.43Buy
Artemis Alpha Trust plc O Inc-15.07-9.97-20.52-23.10302.81Buy
Artemis Alpha Trust plc S Inc-78.31-90.63-94.44--Buy
Aurora Investment Trust plc9.5220.05-18.44-0.04167.07Buy
Chelverton Growth Trust plc63.4182.31173.479.5861.14Buy
Columbia Threadneedle UK Select Trust-4.002.2035.44-13.67190.54Buy
Crystal Amber5.2625.4067.15-0.37160.59Buy
Fidelity Special Values PLC-3.3134.0487.33-6.63207.25Buy
Henderson High Income Trust Ord-5.1019.8768.170.98173.30Buy
Henderson Opportunities Trust-18.0336.6789.68-14.56969.10Buy
Henderson Smaller Companies Investment Trust 10 1/2% Deb Stk 2016-8.14-13.61---Buy
Henderson Smaller Companies Investment Trust Ord-8.0744.83116.62-15.36729.00Buy
Invesco Income Growth Trust plc-6.1917.9265.65-9.89301.84Buy
Invesco Perpetual Select UK Equity plc-2.4024.9099.16-1.40164.55Buy
Invesco Perpetual UK Smaller Companies plc4.3960.59122.62-5.25409.50Buy
JP Morgan Elect Managed Income-4.9816.7550.74-3.06101.61Buy
JP Morgan Mid Cap IT plc16.4376.44167.94-1.251,042.00Buy
JP Morgan Smaller Cos IT plc1.0628.8169.33-17.13983.74Buy
JP Morgan Smaller Cos IT plc Sub Shs 0.1p-12.50----Buy
JP Morgan Income & Growth Capital-68.38-60.64-38.331,678.830.26Buy

VCTs

Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Foresight VCT plc Infrastructure ORD 1P3.47-0.71-89.60-0.672.81InfrastructureBuy
Mobeus Income & Growth 2 VCT7.0076.46140.90123.63-13.654.68VCT GeneralistBuy
Mobeus Income & Growth VCT-0.6023.3154.6291.87-9.65-VCT GeneralistBuy
Maven Income and Growth VCT 2 Plc Ord 10P20.2245.87129.7753.03-10.428.95VCT GeneralistBuy
Maven Income and Growth VCT 3 Plc Ord 10P23.5132.90142.3387.882.992.21VCT GeneralistBuy
Maven Income and Growth VCT 4 Plc 10p Ord13.4121.3483.1298.04-8.209.06VCT GeneralistBuy

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