Ten asset managers doing time in the dog house
The fund groups with the most assets under management in ‘Spot the Dog’ funds
The fund groups with the most assets under management in ‘Spot the Dog’ funds
Spot the Dog report names and shames the worst-performing funds
Aberdeen Standard Investments and Fidelity have been named and shamed as the worst performing groups in Bestinvest’s bi-annual Spot the Dog report.
A report by Bestinvest has named and shamed Aberdeen Asset Management and St James’s Place for running some of the worst-performing equity ‘dog’ funds.
Tilney Bestinvest’s “Spot the Dog” report names M&G as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds.’
Through a combination of Bestinvest’s ‘Spot the Dog’, Hargreaves Lansdown’s ‘Wealth 150’ and Chelsea Financial Services ‘Redzone’ and ‘Dropzone’ DIY investors are provided with a plethora of league tables to inform their investment decisions.
The number of ‘dog funds’ on Bestinvest’s infamous Spot the Dog report has almost halved since the company’s summer 2012 issue, although £12bn worth of client money is still in funds that have “consistently and significantly underperformed”.