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Article: Widows in relegation battle.(Scottish Widow's Fund and Life Assurance Society)(Gartmore PLC)(Axa Framlington )
- Article from:
- Money Marketing
- Article date:
- September 10, 2009
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Scottish Widows is the worst offender in Chelsea Financial Services' latest relegation zone list.
Widows has a total of seven funds that appear in the twice-yearly relegation zone report, which saw 67 funds and #10.2bn of assets slide into the drop zone.
As well as having the biggest number of funds on the list, Scottish Widows also has the three biggest funds in terms of assets, with the perennially underachieving #2.53bn Scottish Widows corporate bond fund being joined by the #1bn Swip multi-manager UK equity income and #885.3m Swip multi-manager UK growth funds.
Chelsea decides its relegation zone funds through a quantitative screening ...