View more on these topics

Bestinvest names SLI’s Nimmo in Spot the Dog list for first time

Harry Nimmo’s £1.3bn Standard Life Investments UK Smaller Companies fund has been named on the 49-strong Bestinvest Spot the Dog list for the first time after underperforming its benchmark by at least 10 per cent for three years.

This comes as M&GSchroders and Neptune find themselves featuring most frequently in the list with three funds each.

Nimmo’s UK Smaller Companies fund made a relative return of 16 per cent less than its Numis Small Cap ex Investment Trust benchmark, second only to the SF Webb Capital Smaller Companies fund.

Bestinvest managing director Jason Hollands says: “This is a first ever appearance by Standard Life UK Smaller Companies in Spot the Dog. I am sure this will surprise many given the strong reputation of Harry Nimmo and his outstanding long-term record. However, the numbers are the numbers.”

Three M&G funds make up 55 per cent of the £19.55bn assets on the list as Tom Dobell’s £6.7bn M&G Recovery, Randeep Somel’s £3.1bn M&G Global Basics and Aled Smith’s £924m M&G American funds are all named.

Hollands says: “The jury remains out on M&G Global Basics, which saw Randeep Somel appointed as its new manager in November last year following the departure of longstanding manager Graham French.

“Tom Dobell, manager of the M&G Recovery fund, had delivered excellent returns up until the financial crisis but has disappointed for some time now. The brief of the fund is to invest in unloved companies and the approach is inherently long term, but having underperformed in four of the last five 12-month periods, investor’s patience is being seriously tested.”

Giles Money and Simon Webber’s £30.9m Schroders Global Climate Change fund, the £3.2bn Schroder QEP Global Active Value fund and Nathan Gibbs’ Schroder Japan Alpha Plus fund all appear in the kennel.

Robin Geffen’s £508m Neptune Global Equity fund and £2.4m Neptune Global Special Situations fund both feature alongside Ewan Thompson’s £12.1m Neptune Emerging Markets fund.

IMA Global was the sector with the largest number of funds on the dog list with 20 funds, making up 40 per cent of the kennel and 16 per cent of funds in the sector

The IMA North American sector had the second largest number of dogs with eight, totalling 13 per cent of the sector.

Not a single Europe ex-UK or UK Equity Income fund was on the dog list.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm