Invesco Perpetual Japanese Smaller Companies (GB0033030411) has been put on broker Chelsea Financial Services' worst funds lists. The fund's performance has struggled for a number of years so that it is the bottom performer in the Japanese Smaller Companies sector over three and five years, and underperforms the Russell Nomura Small-Cap Index over three and five years, returning only around half of what the index did.
The fund is in Chelsea's Redzone list of the worst-performing funds over the last three discrete years. Each fund in this list has produced third- or fourth-quartile returns each year.
It also makes Chelsea's DropZone list, comprised of Redzone funds that have underperformed their sector averages by the largest amount over three years to 31 December 2012 and, Chelsea adds, "should be dropped from investment portfolios".