Fidelity re-enters Bestinvest 'Dog List'

Group in 2nd place on assets

Laura Dew
clock • 2 min read

Fidelity has re-entered the Bestinvest Dog List due to two underperforming portfolios with combined assets of almost £1bn, placing it second on the list of undesirable funds in terms of assets.

The wealth manager's bi-annual Spot the Dog report highlights OEICs and unit trusts that have underperformed their benchmarks by more than 5% over a three-year period.  Fidelity escaped the table in the previous report last July but is now in second place by assets under management due to its underperforming £905m Fidelity American and £48m Japan funds. However other fund groups, such as Aberdeen Standard Investments, Jupiter and Legg Mason, all had more funds featured in the list.  There have been several management changes on Fidelity American with the fund having had four manage...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Analysts split over Reeves' role in UK gilt chaos as US bonds follow suit

Analysts split over Reeves' role in UK gilt chaos as US bonds follow suit

Investors looks for a culprit

Sorin Dojan
clock 10 January 2025 • 2 min read
Chris Justham: WPS - wrestlemania portfolio solutions

Chris Justham: WPS - wrestlemania portfolio solutions

'There has been a not-so-quiet change to how communication is happening'

Chris Justham
clock 09 January 2025 • 4 min read
Gilt yields hit record highs as bond sell-off intensifies

Gilt yields hit record highs as bond sell-off intensifies

Yields on 30-year government gilts reach highest level since 1998

Jonathan Stapleton
clock 09 January 2025 • 1 min read