Fidelity re-enters Bestinvest 'Dog List'

Group in second place in terms of assets

Laura Dew
clock • 2 min read

Fidelity has re-entered the Bestinvest Dog List due to two underperforming funds with combined assets of almost £1bn, placing it second on the list of undesirable funds in terms of assets.

The wealth manager's bi-annual Spot the Dog report highlights OEICs and unit trusts that have underperformed their benchmarks by more than 5% over a three-year period.  Fidelity escaped the table in the previous report last July but is now in second place by assets under management due to its underperforming £905m Fidelity American and £48m Japan funds. However other fund groups, such as Aberdeen Standard Investments, Jupiter and Legg Mason, all had more funds featured in the list.  There have been several management changes on Fidelity American with the fund having had four manage...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Partner Insight: US SMID - Seven questions answered

Partner Insight: US SMID - Seven questions answered

After a bumpy 2023, small- and medium-sized US companies are now in a good place to outperform in 2024, argues fund manager Mark Sherlock.

Federated Hermes
clock 12 February 2024 • 6 min read
Equity funds gather highest inflows in three years as investor confidence returns

Equity funds gather highest inflows in three years as investor confidence returns

Calastone Fund Flows index

clock 07 February 2024 • 3 min read
iM Global Partner launches global equity fund

iM Global Partner launches global equity fund

With Richard Bernstein Advisors

clock 01 February 2024 • 1 min read
Trustpilot