Bestinvest has answered criticism of its spot the dog report on the worst-performing retail funds by publishing a spot the stars list highlighting its favourites.
Spot the stars names the £2.1bn Axa Framlington UK select opportunities fund, managed by Nigel Thomas, as a top pick. In Europe, Bestinvest fav-ours the £744m Schroder European alpha plus fund, thanks to the “stockpicking skills” of manager Leon Howard-Spink.
Also recommended are Angus Tulloch’s £5.2bn First State Asia Pacific leaders fund and Aled Smith’s £1.8bn M&G American fund. The £805m GLG Japan core alpha, which was awarded the top AAA rating by OBSR on Monday, is commended for manager Stephen Harker’s “simple yet effective strategy”.
The report comes after rival adviser Hargreaves Lansdown slammed the November spot the dog report, which saw Bestinvest label Jupiter as the biggest dog fund provider.
Hargreaves Lansdown senior analyst Meera Patel said: “Anyone can look at a past performance table. Bestinvest should put their neck on the line to offer analysis on funds they think should do well.”
Bestinvest senior investment adviser Adrian Lowcock says: “We realise it is important for us to not just highlight underperforming dog funds but also to help our clients spot the stars.”