Leave the ‘Dog Funds’, investors urged

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MORE than 2,000 wealthy Yorkshire investors are being advised to start their 2012 investment strategy by selling their holdings in about 120 under-performing investment funds, commonly known as ‘Dog Funds’.

Shareholders are being advised by Pearson Jones, which is based in Leeds, to switch to better performing ‘Best of Breed’ funds which can potentially make a huge difference to investors’ wea- lth.

Peter Heckingbottom, Pearson Jones’ investment director, said yesterday: “Nationally, investors hold about £37bn in these funds but we have identified that they are under-performing the mar-ket.

“Fund management groups are taking fees of more than £500m a year to manage these investments but far better returns could be achieved by reinvesting elsewhere.”