Spot the Dog: Merian acquisition hurts Jupiter but Invesco remains worst culprit

£49.6bn of investments lies in poor performing funds

James Baxter-Derrington
clock • 4 min read

The acquisition of Merian Global Investors has seen Jupiter Asset Management leap up the table of underperformance from ninth to second place, but Invesco retains the top spot for the sixth time, according to Bestinvest’s biannual Spot the Dog report.

The report has identified 119 underperforming funds representing £49.6bn of investor capital, which must deliver a worse than market return for each of the last three 12-months periods and underperform the market by more than 5% over three years to qualify. Invesco remains top dog with 11 funds valued at £9.2bn, a figure more twice that of the next worst performer, although it has improved since the last report when it featured with 13 funds representing £11.4bn. Former Mark Barnett flagship vehicles continue to feature on the list, proof of a "work in progress", according to the report....

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read
Inflation protection not front of mind for financial advisers

Inflation protection not front of mind for financial advisers

Titan Square Mile report suggests

Jen Frost
clock 04 November 2025 • 3 min read
Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read