Gilts claim spot in ii Q3 performance index as investors hunt for yields

Increased weightings to bonds

Two gilts have made it to the top ten most held investments among customers aged between 25 and 44, according to interactive investor’s Private Investor Performance index for the third quarter of 2023.

The gilts in question are the TN25 and TN24, ii found, which made it to the index due to the recent surge in bond yields and the subsequent rise in popularity of bonds, as interest rates are expected to remain higher for longer. The investment platform said portfolio weightings to bonds have also seen an uptick, with allocations to fixed income and corporate bonds increasing from 0.6% in Q1 2021 to 0.8% in Q4 2022 and 2% in Q3 2023. Sam Benstead, bonds specialist at interactive investor, said investors were taking advantage of high interest rates by moving their money into the bond ma...