Standard Life fund is fastest-growing vehicle
The Standard Life Global Absolute Return Strategies fund was the fastest growing vehicle on the Nucleus platform in October.
The actively managed fund, which was ranked sixth over the month, is ranked 24th largest by value of holdings on the platform.
The vehicle was designed to provide positive returns in all market conditions over the medium to long term and can take long and short positions in markets, securities and groups of securities through derivative contracts.
Ranked second and third were the Legal & General Index Linked Gilt Index Trust and the Dimensional Global Short Bond.
The top three funds by value remain unchanged, with the Dimensional Global Short Bond, L&G Index Linked Gilt Index Trust and M&G Strategic Corporate Bond leading the way.
Kenny McKenzie, managing director, Intelligent Capital and Chairman of the Nucleus investment strategy team, said: "Despite stock markets moving upwards, investors are continuing to play the cautious card by opting for a fund that is designed to perform in all market conditions."