26th October 2011

Dimensional’s Bond Fund takes top spot at Nucleus

The Dimensional Global Short Bond Fund was the fastest growing fund on the Nucleus platform over the third quarter of the year, rising to become the platform’s most popular holding, according to figures announced today by the IFA-owned and controlled wrap.

Taking over from the Legal & General Index-Linked Gilt Index Trust which held the top spot at the end of Q2, the £697m Dimensional Global Short Bond Fund, managed by Garrett Quigley, saw its inflows increase by more than £22m during Q3, taking its total held on the platform to over £112m.

The other funds that made up the top 10 fastest-growing funds on the platform in Q3 were:

Fastest growing funds Q2 to Q3

1. Dimensional Global Short Bond
2. Legal & General Index Linked Gilt Index Trust
3. M&G Strategic Corporate Bond
4. IFDS Prism Cautious Growth Fund A Acc
5. Premier Liberation V
6. Premier Elan High Income Ret
7. Vanguard FTSE UK Equity Index
8. Royal London UK Government Bond
9. Invesco Perpetual Global Bond
10. HSBC FTSE 100 Index Fund

Commenting on the figures, Kenny McKenzie, chairman of the Nucleus investment strategy team and managing director, Intelligent Capital, said: “These latest figures show that as market volatility continues, Nucleus member IFAs and their clients are not only favouring bonds over equities, but are also making greater use of the wide range of low cost index funds available through a truly open architecture platform like ours.”

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