L&G gilt fund is the largest holding on Nucleus
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Legal & General’s Index Linked Gilt Index Trust has become the largest fund holding on the Nucleus platform.
The fund replaced the Dimensional Global Short Bond fund as the largest holding on the platform, growing by more than 13% to £130m during the final quarter.
Kenny McKenzie, chairman of the Nucleus investment committee and managing director of Intelligent Capital, says: “The latest fund flow figures show that in the current climate, bond funds continue to be the investment of choice among Nucleus member IFAs and their clients.
“While statistics show this trend is replicated across the industry, what is interesting to note from these figures is that with over 3,500 funds available on the platform the two consistently largest are both index funds.”
The IFDS Prism Cautious Growth fund was the third largest holding in the final quarter of the year followed by the M&G Strategic Corporate Bond fund.
The AXA Framlington UK Select Opportunities fund and the M&G Optimal Income fund were both new entries to the top 10 largest fund holdings.
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