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Article: More British equity funds enter Relegation Zone.
- Article from:
- Fund Strategy
- Article date:
- September 21, 2009
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Chelsea Financial Services has identified the industry's worst performing funds in its latest "Relegation Zone" report.
British equity funds feature heavily among the six worst underperformers, with offerings from Gartmore, Legg Mason and Rensburg making the list. There are many new entrants from groups including HSBC, Invesco Perpetual and Old Mutual.
The recently closed Thesis Unit Trust Management Resolution Fixed Interest fund tops the losers table, with almost 30% negative deviation from the sector average over three years to July 31, according to Financial Express data.
Legg Mason US Equity reaches second place with 29.1% deviation from ...