St James’s Place Among Top ‘Dog Funds’ in Latest Report

Nov 3, 2023

St James’s Place has drawn attention as a significant contributor to the recently identified ‘dog funds,’ with its underperforming funds constituting a substantial portion of the total assets. The company has justified its position, citing changes in management and expected performance benefits that may take some time to materialise.

The latest report from Bestinvest revealed a notable increase in dog funds, with 56 identified in the recent survey, holding assets amounting to £46.2bn. St James’s Place stood out with six of its funds listed, making up 63 percent of the total assets within the category.

Tom Beal, director of investments at St James’s Place, emphasised the company’s comprehensive approach to investment, highlighting the benefits of diversification within a portfolio. However, the company’s inclusion in the report has raised questions about its fund performance.

Other fund groups, including Artemis, Schroders, Scottish Widows, Columbia Threadneedle, and Abrdn, also had notable representations on the list, indicating a broader trend within the industry.

Jason Hollands, managing director of Bestinvest, underscored the significance of identifying consistently underperforming funds and advised investors to ask crucial questions when considering investment options.

The recent observations by the FCA regarding the need for improved value assessments by some fund managers highlight the ongoing challenges within the investment landscape, calling for continued vigilance and scrutiny.

Original Article Source:

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