Number of underperforming UK funds jumps by 'staggering' 65%

A record-breaking 150 so-called ‘dog' funds have been identified in the latest bi-annual Bestinvest Spot the Dog report, with total assets of £54.4bn sitting in these vehicles. The latest "staggering" figures represent a 65% increase in the number of funds that have consistently underperformed their benchmarks over the past three years and the highest number Bestinvest has on record. Jason Hollands, managing director at Bestinvest, said: "Markets have given investors a rollercoaster ride this year. The covid-19 crash between late February and the end of March was very rapid but the re...