Spot the Dog has been exposing badly performing funds since it launched in 1994. Our expert research team scrutinises funds from all sectors, identifying constant poor performers and highlighting best-of-breed alternatives in Spot the Dog.
What is Spot the Dog?
Far from being a Crufts-like showcase of top dogs, Spot the Dog lists the mutts of the fund management industry. It uses statistical fund performance data to identify funds that have performed badly compared to their benchmark.
We don’t think it wins us any points with fund managers, but as you might have money stagnating in funds with abysmal performance records, we believe you have a right to know which funds those are.
In the latest Spot the Dog
In the latest edition of Spot the Dog, our research team has identified:
- 41 dog funds compared to 54 a year ago. There have been some changes in our approach over this period, as we now analyse the lower cost, commission-free versions of funds that have become standard as a result of regulatory changes. To reflect the impact of focusing on lower-fee versions of funds, we have also reduced our three-year underperformance threshold from 10% to 5% in this edition
- The level of assets held in dog funds has dropped dramatically from £18 billion in the last two editions to £8.6 billion
- Global equities remains the area with the largest number of dog funds, with 16 funds across the combined IA Global and IA Global Equity Income sectors
- Dog funds remain a rare breed in certain sectors. Not a single UK Smaller Companies fund made it into this edition and only one Europe ex UK fund was identified