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Lack of US exposure has dented global fund returns

Lack of US exposure has dented global fund returns

Global equities remain the area with the largest number of poorly performing funds over a three-year period, according to Tilney Bestinvest's latest Spot the Dog report on underperforming funds. 17 global equity funds with assets worth £3.6bn, out of a universe of 109 with assets of £72.7bn, failed to beat MSCI AC World Index or MSCI World Index for three consecutive 12-month periods, as well as having underperformed them by 5 per cent or more over the entire three years analysed. The report identified 34 'Dog' funds in total with assets worth £7.6bn.

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