Scottish Widows and Schroders are firmly in the doghouse, according to Bestinvest's biannual ‘spot the dog' research.
The report outlines the worst performing (dog) funds in the investment universe; those underperforming the benchmark in each of the last three years and down on the benchmark by 10% over the same period. Scottish Widows was named among those ‘gone to the dogs’, with over half the group’s funds failing to beat the benchmark in the period. Schroders topped the ‘assets in dog funds’ list with £1,173m – followed by Scottish Widows on £778m and Fidelity with £733m. According to its own independent in-house research team, Bestinvest identified 70 dog funds with a total £14.7bn under control....
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
