A benchmark refers to the sector standard that the fund tries to outperform. In other words, it is an appropriate indicator of how well a sector is performing. An example of a benchmark would be the FTSE all share index.
Scottish Life. More financial sense from Royal London.
Scottish Life, St Andrew House, 1 Thistle Street, Edinburgh, EH2 1DG. Scottish Life is a division of the Royal London Group which consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.