First State Investments has rejoined the Bestinvest 'Spot the Dog' list after two years as a result of the troubled environment for commodities funds.
The wealth manager's bi-annual Spot the Dog report highlights OEICs and unit trusts that have underperformed their benchmarks for three consecutive years and by more than 5% over a three-year period. Total assets on the table declined from £8.6bn in February to £7.6bn, and the report noted the median fund size was just £114m. There were 15 funds which were less than £100m in size. M&G drops out of Tilney Bestinvest's 'Dog List' as Schroders fund takes top spot The last time First State featured in the table was July 2015 with its Worldwide Equity fund, managed by Jonathan Asante. ...
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