Invesco Perpetual has rocketed into the top position of the Bestinvest Spot the Dog list with over £15bn in assets under management featured, despite having no funds in the previous edition.
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. In the latest edition, Bestinvest identified 58 funds meeting this criteria, a jump from 26 in February, while the total amount of assets sitting in underperforming funds ballooned to £33.6bn, up from £6.4bn. There were also seven 'Great Dane' funds which were over £1bn in this report, compared to just one in the last edition. Invesco Perpetual was among the groups with the highest number of strategies in the list w...
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