More than 10% of UTs/Oeics underperforming benchmark

More than 10% of all unit trusts and Oeics underperformed their respective benchmarks by in excess of 10% over the past three years, according to Bestinvest's latest 'Spot the Dog' guide. The large percentage of underperformance was repeated on a discrete basis, with similar numbers underperforming their benchmarks each 12-month period over the past three years. Highlighting the UK underperformers, John Spiers, managing director of Bestinvest, said: 'We expect specialist funds to feature in Spot the Dog because their distinctive styles are bound to be out of fashion at certain times. I...