Assets in 'dog funds' jump 187% to £26.5bn

There has been a 187% increase in the amount of money sitting in underperforming dog funds this year to £26.5bn, Bestinvest's latest "Spot the dog" list has revealed.

The list - made up of fund managers who consistently fail to deliver returns - reveals assets in dog funds has climbed from £9.24bn in February. The number of dog funds in the list has also more than doubled, from 44 to 113, with funds houses SWIP, Schroders, Fidelity, M&G and BlackRock topping the list as the groups with the most dog funds. On a company basis, Scottish Widows/SWIP has the most amount of long-term underperfomers, with 10 dog funds holding assets of £5.9bn. Schroders and Fidelity both had four funds in the dog list, while M&G and BlackRock had three. Over three y...