Should you ditch these ten funds to protect your clients' returns?

Despite a rally in global markets over the last three years as investors returned following the '08 sell-off, a number of funds have failed to keep up with peers.

Data from Chelsea Financial Services shows a list of the worst of the worst - ten funds which have delivered 3rd or 4th quartile returns over the last three discrete years versus their benchmarks. Covering the whole IMA universe, its Dropzone includes a number of well-known funds such as Neptune's Japan Opportunities offering, run by the experienced Chris Taylor, as well as Standard Life Investments' UK Opportunities fund. The worst ten funds, and the amount they have lagged their own sector averages, are below.    Position  Fund % underperformance from sector averag...