Ten funds to drop? Chelsea reveals serial underperformers

Chelsea Financial Services (CFS) has highlighted ten funds which have consistently underperformed peers over the last three years, suggesting investors in these funds should rethink their allocations.

All funds and fund managers go through tough patches as managers' investment styles go out of favour, but some of the portfolios in Chelsea's rogues gallery have consistently failed to deliver. Darius McDermott, the firm's managing director, said investors in funds which have received the unwelcome accolade of featuring in its latest Dropzone may want to consider switching to better performing alternatives. He said: "Sometimes there may be good reasons for the underperformance and investors may decide to be patient with the manager. However. in some cases, ditching a perennial underpe...