Spot the Dog list: Five SJP funds in top ten worst performers

Besinvest classifies such funds according to underperformance relative for their relevant indices over three consecutive 12-month periods and by 5% or more over the three years - these strategies are deemed ‘dog funds'. The report has not only seen an increase in the number of underperforming funds from 44 in February but also discovered the size of such strategies has risen by 142% to £46.2bn, from £19.1bn. Bestinvest highlighted that bigger groups dominated the list of dog funds, although a number of boutique houses also featured. The worst performer was SJP which accounted for £26b...