Barnett underperformance sees Invesco Perpetual jump to top of Spot the Dog list

Total funds on list rise from 26 to 58

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...