Named and shamed: The ten worst funds over three years

Investors have ploughed more than £34bn into underperforming funds which have severely lagged peers over the past three years, the latest RedZone report from Chelsea Financial Services reveals.

A total of 146 funds out of a universe of around 2,000 have produced third or fourth quartile performance over the last three consecutive years. The majority of serial offenders are UK mandates, with a number of well-known managers slipping down to the lower echelons of the IMA UK All Companies sector over this period. Standard Life Investments' UK Equity Growth fund, run by Karen Robertson, and Thomas Ewing's Fidelity UK Growth have both produced fourth quartile performance over the past three years, returning 17.83% and 19.56% respectively compared to the peer group average of 31%. ...