Standard Life Global Absolute Return Strategies tops Nucleus growth table

The Standard Life Global Absolute Returns Strategies Fund was the fastest growing fund on IFA-owned and controlled wrap platform Nucleus in October.
The actively-managed Fund aims to provide positive returns in all market conditions over the medium to long term and can take long and short position in markets, securities and groups of securities through derivative contracts. The team looks to exploit market inefficiencies through active allocation to highly diversified market positions.
According to the latest figures from Nucleus, the Standard Life Global Absolute Returns Strategies Fund, which is ranked 24th largest by value of holdings on the platform, was joined on the list by the Legal & General Index Linked Gilt Index Trust and the Dimensional Global Short Bond, which were ranked second and third respectively.
The Standard Life fund was previously ranked sixth last month, while the Dimensional Bond rose from ninth. The L&G Trust retained its second place position.
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 Invesco Perpetual Global Bond makes it into the top 10, appearing tenth up from 12th in September.
Commenting, Kenny McKenzie, Managing Director, Intelligent Capital and Chairman of the Nucleus investment strategy team, said:
“Despite stock markets moving upwards, investors are continuing to play the cautious card by opting for a fund that is designed to perform in all market conditions.”