Citadel SA Income H4 comment - Dec 19 - Fund Manager Comment19 Feb 2020
The Citadel SA Income H4 Fund (‘the fund’) delivered 2.1% during Q4-2019, ahead of its benchmark which rose 1.7%. The fund remains biased towards floating and variable rate assets linked to three month JIBAR. This approach is focused on mitigating interest rate risk; and notably the risk of capital loss, should interest rates rise. The fund continues to adhere to its policy.