By ADRIAN LOWCOCK 02/11/2009
Twice a year we ask our analysts to name and shame the worst performing funds in the UK. This Autumn’s report shows a huge rise in ‘dog’ funds – almost doubling from £7.2 billion as at 31st December 2008 to an immense £13.72 billion, up until 30th September, an increase of 89%.
The study, which is compiled biannually by our in-house Research Desk, details the funds that have performed well below their recognised benchmark. The good news is that the number of overall dog funds has fallen from 82 to 78 and dog funds now account for 11.6% of the funds universe, compared with 12% earlier this year. However, the bad news is that the worst performers have been the bigger funds where UK investors have a higher proportion of their cash invested.
For more information on dog funds you can download the latest copy of ‘Spot the Dog’.