Bestinvest: Two of M G multibillion-pound funds, Recovery and Global Basics, are featured in the latest "Spot the Dog" report published by financial advisers Bestinvest, along with one of the group smaller funds, and offerings from major names such as Schroders and Standard Life, according to The Guardian. The report concentrates on unit trusts and OEICs but not investment trusts that are mainly in equities and available to retail investors. It highlights those that have underperformed ie, failed to beat their benchmark for three consecutive years, and also by 10% or more over three years and Britain worst-performing investment funds are named and shamed today and fund management giant M G dominates the list. Bestinvest has identified 49 "dog" funds with 19.5bn under management a slight improvement on the 53 named in the last edition of its guide and the firm said anyone tempted to use this month increase in the Isa allowance to 15,000 as an opportunity to invest in the stock market, should make sure they pay attention to its findings before committing their hard-earned cash.
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Tagged under Schroders, Standard Life topics.