Money in 'Dog' funds soars 80% to £19bn

Volatility of the markets was given as the main reason for the increase in badly performing assets in 92 funds. The rise in poorly performing funds invested in the UK was also noticeable, Bestinvest says, with a doubling of Dog assets to £12.6bn. Hugo Shaw, investment manager, Bestinvest, explains: “In particular, there has been a marked increase in the number of equity income Dogs, which now account for over half of the assets on the Dog list. The situation is the reverse of the last bear market. “Then ‘value’ or equity income funds insulated investors from the worst capital losses a...