Prism Cautious Growth takes top spot on Nucleus growth table
The Prism Cautious Growth Fund was the fastest growing fund on IFA-owned and controlled wrap platform Nucleus in September.
The Prism Cautious Growth fund is a multi-manager fund that seeks to achieve its investment exposure by investing in collective investment schemes, such as unit trusts, OEICs and closed ended schemes as well as also investing in individual stocks and bonds. The fund is managed by Octopus Investments (Octopus), one of the UK’s fastest growing investment management companies.
According to the latest figures from Nucleus, the Prism Cautious Growth Fund, which is ranked fourth largest by value of holdings on the platform, was joined on the list by the Legal & General Index Linked Gilt Index Trust, which previously held the top spot, and the Fidelity Strategic Bond in second and third place respectively.
The Prism fund was new to the top 10 in September, as were the Fidelity Strategic Bond and the Schroders Gilt & Fixed fund, which was ranked fourth.
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. Further down the list, the Blackrock UK Dynamic makes it into the top 10, appearing ninth up from fourteenth in August.
Commenting, Kenny McKenzie, Managing Director, Intelligent Capital and Chairman of the Nucleus investment strategy team, said:
“Cautious continues to be the watch word for clients at the moment and this is reflected in the rise of the Prism fund to the top spot. However, this is a departure from pure Fixed Interest exposure, which begs the question as to whether advisers are simply spreading risk by investing across different asset classes or if there are underlying concerns over the Fixed Interest sector?
“Recent inflows to alternatives may not just be a short-term trend as various presentations, including alternative asset fund research and the use of hedge funds, were well attended at the recent Nucleus Investment Academy Day. This supports the view that advisers are considering a wider pool of assets from which to construct portfolios and again raises the question over whether Fixed Interest continues to provide a safe haven?”