The number of underperforming so-called ‘dog’ funds has soared by 170% with 151 equity investment funds consistently underperforming their relevant market index over the last three years.

UK equity funds have been named as the worst performers in the latest influential Spot The Dog report.

Bestinvest has named and shamed 86 poorly performing dog funds in its latest half yearly ‘Spot The Dog’ investment report.

The number of poorly-performing investment funds ‘named and shamed’ by Bestinvest’s ‘Spot The Dog’ report has halved over the past 6 months from 150 down to 77.