View more on these topics

Spot the Dog shows more than one in eight funds underperforming

More than one in eight funds is underperforming according to Bestinvest’s latest Spot the Dog list.

The report shows that 92 of the 688 funds have qualified for the list by failing to beat their benchmark index in each of the last three years while underperforming the index by at least 10 per cent in that time.

In total £19.2bn of assets under management is run in the underperforming vehicles.

Newton heads the list of the five worst offenders with £2.9bn in dog funds, much of which is thanks to the underperformance of Tineke Frikkee’s higher income fund.

M&G/Prudential is second on the list with £1.8bn in dog funds, while HSBC Investments is third with £1.2bn. Axa Framlington and Threadneedle placed fourth and fifth with £1bn and £927m respectively.

UK dogs saw a marked rise thanks to market volatility with 41 funds and £12.5bn of assets. UK equity income was the prime offender, accounting 80 per cent of the funds on the list.


Skandia net client cash flow down 54%

Skandia UK and Offshore has seen net client cash flows plummet 54 per cent to £1.1bn for the first half of the year, compared to £2.4bn for the same period last year.

Tax allowances and exemptions

Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]


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