All five M&G offerings that featured in Bestinvest's previous 'Spot the Dog' list of underperforming funds have dropped out on the back of improved relative returns, while total assets in the list have fallen from £18bn to £8.6bn.
The wealth manager's twice-yearly Spot the Dog report highlights OEICs and unit trusts that have underperformed their benchmarks for three consecutive years and by more than 5% over a three-year period. That underperformance threshold is a reduction from the previous 10% level due to the fact the report analyses commission-free share classes, which have lower costs. M&G has been a constant presence in recent 'Dog' lists, holding the largest amount from one fund house for four consecutive reports. In August 2016, M&G had five portfolios featured in the list - Global Basics, Global ...
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