Latter added: “Aberdeen has finally started to see a turnaround in performance and, although still top in terms of number of funds, has ‘just’ 15 in this list today, compared with a whopping 46 funds 12 months ago – a 66% decrease. Its assets in the RedZone have fallen by a similar amount, standing at £11.38bn – down from £30.75bn,” she said.
Sourced from FE Analytics, the overall data shows a marked improvement in the number of underperforming funds, with Chelsea’s Latter concluding it had been a better 12 months in all.
She said: “So all in all, while it was a very turbulent 12 months in terms of stock market ups and downs and political upheaval, it’s been a better 12 months for the RedZone and therefore for investors too.
“Let’s hope the next 12 months bring about even more improvements.”
