Surge in underperforming funds on ‘Spot the Dog’ list

According to Joshua Oliver of the FT, “The amount of UK savers’ cash languishing in underperforming funds has jumped to more than £45bn, according to a report by Bestinvest, which warns that more turbulent markets will increase the pressure on active managers to prove their worth.”

The table shows the biggest culprits.

The point is why.  Why do investors accept allocating their capital in dog funds?

Of course, we know why. The investors in dog funds have delegated the investment of their money to others and do not check whether they are being successful or not.  Whilst most people invest with good intentions by wanting the best, sadly investors then forget to continue that process.  And if your wealth manager tells you everything is OK, should you not believe them?

In the same way, the HMRC want impartial audits to make sure the accounts are fair…and of course, to calculate tax, it is also vital for investors to have their investments independently audited.  To make sure they are not in dog funds.

Why not look into your investment audit today.