The fund’s benchmark is the MSCI Europe Index as shown in the fund’s Key Investor Information (PDF, 118 KB) document. This index represents the performance of hundreds of shares across Europe.
Because an index is just an indicator of how markets are performing – it doesn’t include any costs or charges that investors in the real world experience. But our fund performance does.
The fund also actively selects which shares to invest in, so its performance will always be different from the index. The fund aims to beat the returns of the index over periods of three years or more.