Assets held in consistently underperforming 'dog' funds have surged to £54.6bn, the highest level on record, up from £33.6bn six years ago.
In the latest Spot the Dog report from online investment service Bestinvest, the number of 'dog' funds now stands at 111, a 91% increase from the 58 underperforming funds outed in August and a four-fold increase from the 26 funds identified this time last year. The £5bn Woodford Equity Income fund entered the list for the first time, one of 14 funds with over £1bn in assets under management. Fund giant Invesco retains the Top Dog spot for the second time with the highest level of assets at £13bn and seven funds on the list, including the £8bn Invesco High Income fund. UK equity fun...
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