Spot the dog fund – and kennel your cash elsewhere

If you have any money in these underperforming funds, it might be time for a change.

According to the latest "dog fund"report from Tilney Bestinvest, investorshave more than £18bn stagnating in54 underperforming funds, up from37 last year. To qualify for the "Spotthe Dog" report, a fund has to haveunderperformed its benchmark in threeconsecutive years, and have done so bya cumulative total of at least 10% (andthe list only covers unit trusts/Oeics, notinvestment trusts).

We've listed the worst offenders in eachof the eight sectors covered by the reportin the table on the right. If you havemoney sitting in one of these funds, it'sworth at least taking another look at youroriginal reasons for buying the fund, andthen considering whether it's time to tradeit in for a tracker.

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Scottish Widows UK Select GrowthUK£97-22%
SF Webb Capital Smaller Companies GrowthUK Smaller Companies£77-48%
Aberdeen European Smaller CompaniesEurope£118-23%
Templeton Global Emerging MarketsGlobal Emerging Markets£68-25%
Aberdeen Asia PacificAsia Pacific£92-14%
Legg Mason IF Royce US Smaller CompaniesNorth America£122-21%
Schroder Japan Alpha PlusJapan£120-21%
Aberdeen World EquityGlobal£93-33%

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