£67bn of UK investors’ money is in underperforming funds

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Financial Times 20h ago

£67bn of UK investors’ money is in underperforming funds - Financial Times

Quick Summary:

The report noted that the past few years had been a particularly challenging period, with rising inflation and a surge in energy prices following Russia’s invasion of Ukraine in 2022.

The wealth manager described the large increase as “concerning” and pointed to a jump in the number of funds that manage more than £1bn in the ranks of the worst performers.

The MSCI Global Alternative Energy index declined by 48.8 per cent over the same three-year period, “highlighting why managers focused on green energy may have faced some challenges”, he added.