Henderson has eight underperforming dog funds following its integration with New Star, the highest number of any fund group, according to the latest Bestinvest survey.
The firm has £1.2bn in dog assets across eight funds, including Henderson UK growth, (formerly New Star) managed by Trevor Green which underperformed its benchmark by 39 per cent over the last three years.
Bestinvest’s study shows that UK investors have £14.25bn in dog funds, up from £13.7bn in October and nearly double the £7.2bn total in January 2009.
To qualify as a dog, a fund must underperform its benchmark by 10 per cent or more cumulatively over three years.
Invesco Perpetual tops the dog list by assets under management with £1.7bn followed by Schroders with £1.6bn.