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L&G fund tops Nucleus list
Legal & General’s index linked gilt trust was the fastest growing fund on the Nucleus wrap platform in April.
According to the platform, the trust, ranked second largest by value of holdings on the platform, saw a surge of inflows throughout April and early May.
The trust overtook the Dimensional Global short bond which was the second fasted selling fund, third was the Vanguard US Equity Index, a new entrant to the list.
Legal & General's index linked gilt trust is a passively managed UK authorised unit trust which, primarily invests in government and other public securities, with access to the index-linked gilt market.
Barry Neilson, business development director at Nucleus said: "While best selling funds are always of interest the really interesting thing about the list we have published is how different it is to those of platforms in the legacy space and indeed to the IMA sector inflows.
"This suggests the advisers using the Nucleus platform have a different approach to investment advice than the average adviser."
