Fidelity re-enters Bestinvest 'Dog List'

Group in second place in terms of assets

Fidelity has re-entered the Bestinvest Dog List due to two underperforming funds with combined assets of almost £1bn, placing it second on the list of undesirable funds in terms of assets.

The wealth manager's bi-annual Spot the Dog report highlights OEICs and unit trusts that have underperformed their benchmarks by more than 5% over a three-year period.  Fidelity escaped the table in the previous report last July but is now in second place by assets under management due to its underperforming £905m Fidelity American and £48m Japan funds. However other fund groups, such as Aberdeen Standard Investments, Jupiter and Legg Mason, all had more funds featured in the list.  There have been several management changes on Fidelity American with the fund having had four manage...