Bestinvest's Spot the Dog finds fewest underperformers in six years

Number of dog funds more than halves

Eve Maddock-Jones
clock • 4 min read

The number of underperforming funds in Bestinvest’s bi-annual ‘Spot the Dog’ report has fallen to a six-year low thanks to a value resurgence and growth’s long-term outperformance.

The latest edition of the report identified 31 so-called ‘dog funds', down from 81 in the previous report. However, £45.4bn of investors assets are still invested in these dog portfolios, which have underperformed in each of the past three years. In the report, Bestinvest's analysts said that choppy markets, rampant inflation and slowing growth is not typically conducive to good "pawformance". "We would love to claim credit that fund managers are so fearful of appearing on the list that they are sharpening up their act," Bestinvest said. However, the reality was that value funds ha...

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