The number of underperforming funds in Bestinvest’s bi-annual ‘Spot the Dog’ report has fallen to a six-year low thanks to a value resurgence and growth’s long-term outperformance.
The latest edition of the report identified 31 so-called ‘dog funds', down from 81 in the previous report. However, £45.4bn of investors assets are still invested in these dog portfolios, which have underperformed in each of the past three years. In the report, Bestinvest's analysts said that choppy markets, rampant inflation and slowing growth is not typically conducive to good "pawformance". "We would love to claim credit that fund managers are so fearful of appearing on the list that they are sharpening up their act," Bestinvest said. However, the reality was that value funds ha...
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