Invesco Perpetual, JP Morgan Asset Management, Janus Henderson, Aberdeen Standard Investments and Fidelity Investments dominate the latest edition of Bestinvest’s “Spot the Dog” ranking of underperforming UK authorised and domiciled open invested companies (OEICS).

Bestinvest, a constituent of London-based Tilney Group, defines a “dog fund” as one that has underperformed its benchmark for three consecutive years with total underperformance for the period of at least five percent. 

Overall 58 funds met this criteria, a sharp increase on the relatively low number of 26 funds that appeared in...