Latest Bestinvest ‘Spot the Dog’ Report reveals more horrible hounds sent to the doghouse for poor investor returns as investors urged to check their portfolios
https://ifamagazine.com/latest-bestinvest-spot-the-dog-report-reveals-more-horrible-hounds-sent-to-the-doghouse-for-poor-investor-returns-as-investors-urged-to-check-their-portfolios/
I guess it has been tough for funds of late - big growth in global/US indices (benchmarks) but driven by just a handful of stocks that are well represented in trackers. No/underweight US mega caps basically tends to mean very poor (relative) performance recently.
St. James Place comes out of it particularly badly. Bit ironic, as it looks like it's one of the most expensive. Even its non global/US did badly (relative to benchmarks)
...Which fund groups earned the most dog tags?
St. James’s Place not only topped the Great Danes list [big dogs], but it was also the worst performing fund manager, with its paw prints on six measly mutts. It currently has £29.3bn across these six funds, that is 63% of the total dog fund assets in this survey. To put this in perspective, the next highest fund group Artemis holds £2.66bn dog funds, which accounts for 5.8% of the overall assets on the list.
While three of six St. James’s Place funds are in the Global sector – Global Quality, Global Growth and International Equity – its poor performing Growth European Progress and Continental European funds appear in the European sector while it also features in the Emerging Markets sector with its Global Emerging Markets funds......
(edited for typos)