Scottish Widows has been labelled the top ‘dog' for the fourth time in a row in Bestinvest's latest ‘Spot the Dog' poll, but the number of funds failing to beat their benchmarks is now at least falling, according to the study.
Latest edition of the ‘Spot the Dog’ survey reveals the number of funds which qualify for ‘dog’ status – those which have underperformed its benchmark in each of the last three years and by at least 10% over that period – has dropped from 92 funds to 85 and the value of these funds has also increased by 8% to £10.8bn. Scottish Widows and SWIP is reported to have topped the list of offenders for the fourth consecutive edition, as nine of its funds have failed to meet targets again and amount to £1.55bn in funds. Henderson Global Investors also only managed to escape being named the wor...
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