Aberdeen Asset Management's purchase of SWIP has landed it with the largest number of products in Chelsea Financial Services' latest underperforming fund rankings - but it has avoided inclusion in the firm's 'DropZone' list.
Chelsea's latest RedZone list, which identifys the worst-performing funds over the past three discrete years, includes 149 funds with total assets of nearly £47bn. The figure has risen by over £10bn since the firm's last report in February, though the number of funds remains roughly the same. The single worst-performing fund in the RedZone remains the SF Webb Capital Smaller Companies Growth. Its returns are 111% below the sector average. The fund, which new manager Peter Webb is still attempting to turn around, tops the 'DropZone' list of the very worst funds. Aberdeen now has ...
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