Number of 'dog' funds drops by over a third; Neptune exits list

Tilney Bestinvest's 'Dog List' of consistent underperformers has fallen by over a third since January, from 60 funds to 37.

The wealth manager's twice yearly Spot the Dog report highlights OEICs and unit trusts that have underperformed their benchmarks for three consecutive years, and by more than 10% over a three-year period. A total of 37 funds made up the most recent list, down from 60 in January. The level of assets in these 'dog' funds also fell from £23bn to £17.6bn since the last report. Neptune exited the table after having five funds on the list in January. These were: European Opportunities, European Income, Emerging Markets, US Income, and Global Special Situations. "Boutique Neptune's dog da...