Are your clients' funds on Bestinvest's dog list?

M&G Investments' Alex Odd has entered Bestinvest's infamous list of "dog funds", alongside offerings from Standard Life and SWIP, after his £1.2bn M&G Dividend fund underperformed its benchmark substanitally.

The wealth manager, releasing its latest Spot the Dog list, said the fund posted a loss of 14% relative to its benchmark over the last three years. Odd took over the vehicle eighteen months ago, with Bestinvest labelling his performance since taking the helm as ‘paw'. The fund is the largest equity income fund to be placed in the dog house. Standard Life Investments' Karen Robertson, who heads up the group's £710m UK Equity Higher Income fund, is also a new entrant. Bestinvest highlighted the cyclical emphasis of the portfolio has hurt performance, particularly in the second half o...