What is the Funds benchmark?
The Citadel Value Fund focuses on achieving attractive absolute returns. Furthermore, the Fund doesn’t attempt in any way to track or even approximate the composition of any geographic or sector index. Nevertheless, in the longer-term the Fund should outperform stocks generally if it is to add value to its shareholders. Due to its world-wide investment scope, we believe that the most appropriate index to benchmark the Citadel Value Fund against is the MSCI World Index including dividends and denominated in Euro’s.
