The number of assets in underperforming 'dog' funds has more than halved since last summer but over £12bn is still stuck in such offerings, according to Bestinvest's latest Spot the Dog list.
The January 2013 edition of the wealth manager's performance monitor sees the number of 'dog' funds - those that have failed to beat benchmarks over three consecutive 12-month periods, and underperformed by at least 10% over the whole three-year period - fall to 64, down from 113 in its summer 2012 issue. 'Dog' assets fell from £26.6bn to £12.1bn accordingly. There remain a number of repeat offenders, however, with Scottish Widows/SWIP again ranking as the biggest culprit. The group's four 'dog' funds hold £3.96bn in assets, more than three times the amount of underperforming asse...
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