The number of assets in underperforming 'dog' funds has more than halved since last summer, but more than £12bn remains stuck in such offerings, according to Bestinvest's latest 'Spot the Dog' list.
The January 2013 edition of the wealth manager's performance monitor sees the number of 'dog' funds - those that have failed to beat benchmarks over three consecutive 12-month periods, and underperformed by at least 10% over the whole three-year period - fall to 64, down from 113 in its summer 2012 issue. 'Dog' assets fell from £26.6bn to £12.1bn accordingly. There remain a number of repeat offenders, however, with Scottish Widows/SWIP again ranking as the biggest culprit. The group's four 'dog' funds hold £3.96bn in assets, more than three times the amount of underperforming assets he...
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