Number of 'dog' funds up by nearly 50%

The wealth manager's twice yearly Spot the Dog report highlights OEICs and unit trusts that have underperformed their benchmarks for three consecutive years, and by more than 10% over a three-year period. The second half of 2015 saw the number of funds jump by 46%, rising to 54. However, despite the rise the level of assets held in ‘dog' funds rose by just £400m, from £17.6bn to £18bn. The period has seen Majedie Asset Management and Jupiter Asset Management make a new entrance to the list, with one fund each. Majedie's £ 450m UK Smaller Companies has made an appearance after its p...