Bestinvest: Investors favour passive equity funds in October
Only two of top 10 most purchased funds – Fundsmith Equity and Loomis Sayles US Equity Leaders – were actively managed
Bestinvest
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St James’s Place tops Bestinvest ‘Spot the Dog’ report for underperforming AUM
Largest underperforming fund was Baillie Gifford Global Discovery
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Assets in underperforming ‘dog funds’ rocket to £19.1bn
From £10.7bn in August, according to Bestinvest’s Spot the Dog report
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Paul Marriage and Richard Pease funds dropped from Bestinvest buylist
As Richard Colwell’s departure also sees the CT UK Equity Income fund ejected
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Trio of hires to boost revamped Bestinvest
They join from AJ Bell, Oliver Wyman and NewDay
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Richard Colwell to retire after 25 years of managing money
Columbia Threadneedle head of UK equities role will be split between Jeremy Smith and Catherine Stanley
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Pair of Jupiter funds dropped from Bestinvest buy list
As Finsbury Growth & Income and a Baillie Gifford strategy make the grade
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Tilney S&W emphasises digital and human touch with Bestinvest relaunch
DIY investors will have free access to investment ‘coaches’ who are ringfenced from its army of advisers
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JPMAM and BNY Mellon in the doghouse for underperforming equity income giants
£3.9bn JPM US Equity Income fund named and shamed in Spot the Dog alongside Nick Clay’s former £3.5bn global income vehicle
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Lindsell Train and Jupiter dropped from Bestinvest buy list
Global equity and income trust funds were among 17 casualties
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Merian acquisition sends Jupiter to the dog house with £4.1bn of underperforming funds
Tight race for runner up in Bestinvest’s Spot the Dog report with SJP and Schroders also sporting £4bn of dog funds
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SJP joins Invesco in the dog house with £6.9bn of underperforming funds
Bestinvest names and shames a record 150 funds in its latest Spot the Dog report
