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Legal & General takes top spot on Nucleus
Legal & General’s Index Linked Gilt Index trust has overtaken the Dimensional Global Short Bond fund as the largest fund holding on Nucleus.
The £339m L&G fund rose by more than 13 per cent in the final quarter of 2011 taking the total held on the platform to just short of £130m.
The Dimensional Global Short Bond fund, which moved down one place to second place, saw assets grow by almost 8 per cent over the period taking the total held on the platform to more than £120m.
The other funds that made up the top 10 largest holdings on the platform in the fourth quarter of include new entries Axa Framlington UK Select Opportunities and M&G Optimal Income fund.
Kenny McKenzie, chairman of the Nucleus investment committee, said: “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.”
