Morningstar, the research company, has published its list of the worst-performing funds in the UK over the past five years, as follows:- 1. Rathbone Recovery Fund 48% cumulative loss over the last five years 2. Scottish Widows Investment Partnership UK Real Estate Fund 45% cumulative loss over the last five years 3. Manek Growth Fund 41% cumulative loss over the last five years 4. UBS UK Smaller Companies Fund 41% cumulative loss over the last five years 5. Neptune Green Planet Fund 41% cumulative loss over the last five years 6. Standard Life Select Property Fund 40% cumulative loss over the last five years 7. Aberdeen Property Share Fund 38% cumulative loss over the last five years 8. JP Morgan Global Financials Fund 37% cumulative loss over the last five years 9. SVM Global Opportunities Fund 37% cumulative loss over the last five years 10. Artemis European Growth Fund 35% cumulative loss over the last five years Morningstar OBSR Analyst Rating: Bronze These are the worst out of 1300 funds but looking at these figures in isolation doesn't mean much - for example, the worst performer has actually performed really well over the past three years i.e. since they changed the investment strategy. It all shows the folly of people trying to pick funds themselves - better results can be obtained by paying for the expert advice that my firm and others offer. Please note that past performance may be no guide to future performance and the capital value and income arising from asset-backed investments can fall as well as rise.