The worst-performing funds, from St James’s Place to Woodford Equity Income – The Times

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The worst-performing funds, from St James’s Place to Woodford Equity Income – The Times

Neil Woodford’s Equity Income fund and the St James’s Place UK High Income fund — also run by Woodford until recently — have been named as the two worst-performing funds in the country.

Over the past three years both of those funds have lost investors’ money. An investment of £100,000 in the Woodford fund would now be worth £80,000, while a similar amount in the St James’s Place fund would have shrunk to £90,000, according to Bestinvest, a wealth manager, in its latest “Spot the Dog” report on poor fund performance.

This is despite fund managers having collected millions of pounds in fees. Bestinvest estimates that this year the Woodford fund will net fees of about £27.8 million, while St James’s Place fund managers will…

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