A bad habit that Abbey must break

Investors in the giant £1.2bn Abbey Growth fund have seen major upheaval in recent years but are sti...

Investors in the giant £1.2bn Abbey Growth fund have seen major upheaval in recent years but are still awaiting a genuine improvement in performance. The fund is a perennial underperformer and has been a long-term fixture in Bestinvest's Spot the Dog and Chelsea's Relegation Zone surveys. Despite that, it has remained at around the £1.2bn mark, going a long way to prove that money taken in through life office and branch networks is the stickiest in the industry. With Santander buying Abbey last year, it is looking to establish a presence in the UK and fixing the UK Growth fund will obvio...