Lloyds Banking Group-owned HBOS has earned the inauspicious top spot in Bestinvest’s newest ‘Spot the Dog’ report – which identifies consistent underperformers in fund management.
HBOS had £6.85 billion in five ‘dog’ funds, knocking Invesco into second place after it appeared in the top spot for six previous biannual reports. Invesco still has £5.0 billion in three dog funds, but the direction of travel is improving following a shake-up at the group.
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