SLI's Nimmo makes debut on Bestinvest 'dog list'

Harry Nimmo's Standard Life Investments UK Smaller Companies fund has made its first appearance on Bestinvest's 'dog list' of underperforming funds.

The wealth manager's twice yearly 'Spot the Dog' list names OEICs and unit trusts that have underperformed for three consecutive years and by more than 10% over a three-year period.  Some 49 funds were featured on the list this year, down from 53 last year, while total assets in dog funds fell from £22.3bn to £19.5bn. Nimmo's £1.2bn fund was one of only four smaller companies funds featured on the list, and Bestinvest said it had underperformed due to poor stock selection and sector rotation. The three other smaller companies funds were the £144 JPM UK Smaller Companies, £69m Ignis...