Spot the Dog: Underperfoming funds cost investors £410m a year in fees

£43.9bn assets under management in 'dog fund'

Invesco has once again topped the list of underperforming fund groups, while JP Morgan takes second place despite not featuring in the previous edition of the biannual report from Bestinvest managing director, Jason Hollands.

The number of 'dog funds' featured in the report from the Henley-based asset manager has nearly doubled from six to 11 funds, totalling £13.1bn assets under management (AUM), with three Mark Barnett funds contributing to the group's top spot. Spot the Dog: The trio of funds that have lost investors' money over three years "The Invesco problem performers are not just in the UK, however," said Hollands. "The list also includes four European funds, a US fund and a Japanese fund." Absent from the previous Spot the Dog but straight into the silver medal position is JP Morgan, whose podi...