Dogs of the FTSE inflows collared by sub-prime crisis

Henderson Rowe's Dogs of the FTSE fund has seen minimal inflows during its first year and lost over ...

Henderson Rowe's Dogs of the FTSE fund has seen minimal inflows during its first year and lost over a third of its seed capital. The vehicle, which invests in the 15 top-yielding stocks of the FTSE 100, started last June with £5m seed capital and now stands at around £3.5m. Run by chief investment officer Giles Rowe, it seeks to identify the so-called dogs of the FTSE 100, investing in stocks where prices have fallen but yields remain high. Following its quarterly review this month, the portfolio currently includes unloved names such as RBS, Barclays, HSBC, Vodafone and M&S. "We lau...