group no longer tops bestinvest's spot the dog list after moving money to unit-linked products
Scottish Widows has transferred more than a billion pounds of internal money from its Oeics into similar unit-linked vehicles. The reduction in the value of money held within poor performing retail Oeics ends Scottish Widows and the Scottish Widows Investment Partnership's (Swip's) reign as the group with the most poor funds by value of assets under management in Bestinvest's Spot the Dog list, to be released this week. Andy Frepp, director of sales and marketing at Swip, said its subfunds contained money from Abbey Life unit-linked funds, which were enduring net outflows rather than inf...
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