Legal & General tops Nucleus charts
Legal & General’s Index Linked Gilt Trust was the fastest growing fund on the IFA-owned and controlled wrap platform Nucleus in April.
The fund, a passively managed UK authorised unit trust, primarily invests in government and other public securities, with access to the entire index-linked gilt market.
According to the latest figures from the platform, the Legal & General Index Linked Gilt Trust, ranked second largest by value of holdings on the platform, has seen a surge of inflows throughout April and early May pushing it to the top of the charts and moving the Dimensional Global Short Bond into second place. The place of third fastest growing fund was taken by the Vanguard US Equity Index, a new entrant to the list.
Whilst bond funds saw the greatest flow of assets on the platform in March, April has seen an increase in flows to equity funds with the M&G Recovery and BlackRock UK Dynamic funds featuring in the top ten fastest growing funds (see notes to editors for full list).
Barry Neilson, business development director at Nucleus commented of the figures:
“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, something which is supported by the conversations we have with them and the outcomes of the platform’s investment committee chaired by Kenny McKenzie of Intelligent Capital.”