Each year in the stock market, some blue-chip shares inevitably do better than others. And the very worst performers in the flagship FTSE 100 index in a given year are known as the dogs of the index.
Research has suggested that investing in the ‘dogs of the Dow‘ (the Dow Jones Industrial Average is the US equivalent of the FTSE 100 index) can be a rewarding strategy.
The theory is that these are large, established companies and often the price fall on bad news can understate that. On the other hand, it is rare for a share to perform worse than almost its entire peer group for no reason.
So how are last year’s three biggest dogs of the FTSE 100 performing so far in 2024?
Anglo American: up 4% in 2024
Mining giant Anglo American fell around 40% last year, worse than any other FTSE 100 share.
So far this year though, it has shown signs of turning things around. The share price has risen 4% since the turn of…
