Assets held by funds in the Chelsea RedZone have grown by £10bn since October to stand at £110bn, with Aberdeen Asset Management and Legal & General housing the highest number of underperformers.
The RedZone highlights the worst performing funds over the past three discrete years, with each entrant 3rd or 4th quartile each year in their sector. The latest list has revealed the number of underperforming funds has increased from 239 funds in October to 259 vehicles this month. Worst affected was the IA UK All Companies sector with 50 funds featured, up from 44, encompassing total assets of £33.7bn; the majority of these are index trackers. The number of funds in the IA Global sector also saw a particularly significant increase, jumping from 24 to 40, while assets held in thes...
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