Spot the Dog: Number of consistently underperforming equity funds soars to 56

St James’s Place worst performer

The number of persistently underperforming funds has increased by 27% since February 2023 to 56, according to Bestinvest’s latest Spot the Dog report.

Besinvest classifies such funds according to underperformance relative for their relevant indices over three consecutive 12-month periods and by 5% or more over the three years - these strategies are deemed ‘dog funds'. Bestinvest's Spot the Dog finds 42% increase in underperforming funds from six-year low The report has not only seen an increase in the number of underperforming funds from 44 in February, but also discovered the size of the such strategies has risen by 142% to £46.2bn, from £19.1bn. The global sector saw the highest number of dog funds, with 24 relegated to the ‘do...