Funds to sell: the failing investments to remove from your portfolio

Bestinvest's Spot the Dog report reveals there are 56 funds that are significantly underperforming against their benchmark. So which are the worst dog funds, and should you sell them?

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Investing in funds is a straightforward way to build a diversified portfolio, but the performance can vary significantly. Economic factors, like persistently high inflation, rising interest rates and the ongoing war in Ukraine have all led to turbulence in financial markets, potentially denting the returns enjoyed from certain funds.

However, some funds have performed particularly poorly, earning them the moniker of ‘dog funds’. So which funds are in the doghouse, and should this mean you ditch them as soon as possible?

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Fund IA Sector Size (£bn) Value of £100 invested after 3-years 3-year under performance (%)
1 Baillie Gifford Global Discovery Global 0.78 61 -70
2 SVS Aubrey Global Conviction Global 0.04 74 -64
3 Premier Miton US Smaller Companies North American Smaller Companies 0.06 95 -47
4 AXA ACT People & Planet Equity Global 0.01 92 -45
5 JP Morgan US Small Cap Growth North American Smaller Companies 0.20 100 -42
6 Unicorn Outstanding British Companies UK All Companies 0.06 97 -36
7 St. James’s Place International Equity Global 7.09 101 -36
8 EF Rosevine Capital Global Equity Global 0.01 103 -35
9 AXA Framlington UK Sustainable Equity UK All Companies 0.07 103 -30
10 Troy Asset Management Trojan Income UK All Companies 1.00 105 -29
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Fund IA Sector Size (£bn) Value of £100 invested after 3 years 3-year under performance (%)
1 St. James’s Place Global Quality Global 11.47 114 -24
2 St. James’s Place Global Growth Global 7.49 109 -28
3 St. James’s Place International Equity Global 7.09 101 -36
4 St. James’s Place Growth European Progress Europe Excluding UK 1.85 113 -17
5 Scottish Widows UK Growth UK All Companies 1.82 120 -14
6 Artemis US Select North America 1.53 125 -17
7 Columbia Threadneedle Responsible Global Equity Global 1.41 120 -17
8 abrdn UK Smaller Companies UK Smaller Companies 1.11 90 -18
9 Troy Asset Management Trojan Income UK All Companies 1.00 105 -29
10 St. James’s Global Emerging Market Global Emerging Markets 0.87 85 -20
John Fitzsimons

John Fitzsimons has been writing about finance since 2007, and is a former editor of Mortgage Solutions and loveMONEY. Since going freelance in 2016 he has written for publications including The Sunday Times, The Mirror, The Sun, The Daily Mail and Forbes, and is committed to helping readers make more informed decisions about their money.