‘Dog’ funds named in latest tables

SCOTTISH Widows Investment Partnership (Swip) and Blackrock have come top of a list of managers of so-called “dogfunds”.

The “Spot the Dog” report compiled by investment adviser Bestinvest said Swip and Blackrock each managed four underperforming funds, while Edinburgh-based Baillie Gifford and F&C were also named, each with three underperforming funds on their books.

The report said Swip was a “regular offender” despite having made efforts to change its investment processes, adding that it will “take time for the results to come through”.

Bestinvest said the number of “dog” unit trust/OEIC funds had reduced from 113 in its previous report last summer to just 64.