View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
November 2, 2009

ST: Dog funds revealed

By Spear's

Some of Britain’s most high-profile managers have been singled out in a survey of the country’s worst-performing “dog” funds.

Some of Britain’s most high-profile managers have been singled out in a survey of the country’s worst-performing “dog” funds.

Investors have a staggering £14.2 billion in serial underperformers, according to the survey by Bestinvest, the financial adviser — with some big name managers among them.

Schroders, for example, has £1.76 billion under management in poorly performing funds, owing largely to the surprise inclusion of Andy Brough’s £1.7 billion UK Mid 250 fund, which invests in small and medium-sized firms.

To be included in Bestinvest’s survey, a dog fund must have underperformed its benchmark in each of the past three years as well as by 10% or more cumulatively over that period. Brough’s fund is down 12.39% over the past three years compared with a gain of 0.42% in the FTSE 250, according to Bestinvest’s figures.

Schroders said: “To put the Bestinvest report into context, over one year and in the recent rally, not one mid-cap fund has outperformed the index. Against its benchmark, the Schroder Mid 250 fund is the second-best performing fund of its type in the year to date (up 18%) and over six months (up 46%). We are confident the fund will continue to deliver for investors in the years to come.”

To read the full story, visit

Content from our partners
How Flygreen is ascending into the future of private aviation
Stoneweg, Icona, and CBH Strengthen Partnership with Cromwell Acquisition, Adding €4 Billion AUM to Stoneweg
Why investors should consider investing in nature

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network