Spot the Dog: Number of underperforming funds jumps by 'staggering' 65%

Bestinvest identifies 150 'dog' funds

Anna Fedorova
clock • 4 min read

A record-breaking 150 ‘dog’ funds have been identified in the latest bi-annual Bestinvest Spot the Dog report, with total assets of £54.4bn sitting in these vehicles.

The latest 'staggering' figures represent a 65% increase in the number of funds that have consistently underperformed their benchmarks over the past three years and the highest number Bestinvest has on record. Jason Hollands, managing director at Bestinvest, said: "Markets have given investors a rollercoaster ride this year. The Covid-19 crash between late February and the end of March was very rapid but the rebound in stockmarkets since then has been impressive. "However, look beneath the bonnet and there have been big disparities in performance across industry sectors." Invesco r...

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 Funds

Schroders Greencoat launches renewables and energy transition LTAF

Schroders Greencoat launches renewables and energy transition LTAF

Second LTAF from Schroders Capital

Cristian Angeloni
clock 07 February 2024 • 2 min read
Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Second iteration of the strategy

clock 06 February 2024 • 2 min read
Royal London AM closes Global Equity Select fund to new investors

Royal London AM closes Global Equity Select fund to new investors

22.9% performance gain

clock 05 February 2024 • 1 min read
Trustpilot