Report

Seneca Global Income & Growth Trust - Keeping a cool head in a tough market

Seneca Global Income & Growth Trust (SIGT) has an overriding focus on value, which the team at Seneca Investment Managers believes offers compelling long-term investment opportunities. They employ a multi-asset approach in order to diversify the trust’s risk and its return drivers. While stock market volatility has spiked due to the coronavirus outbreak, SIGT’s managers are remaining calm. They are continuing to collect income and are topping up the trust’s positions that they consider are oversold. SIGT’s performance has lagged its inflation-based (CPI +6% pa) benchmark recently, but the managers are confident of outperformance over the course of the investment cycle. The trust’s structural bias to the UK and sterling should serve it well once there is increased clarity about the UK’s future relationship with the European Union.
Underlying
Seneca Global Income & Growth Trust

Seneca Global Income & Growth Trust is an investment trust company. Co. invests in a diversified portfolio principally comprising U.K. and overseas equities, fixed income, property and other specialist assets. Co.'s investment manager is Seneca Investment Managers Limited. The valuation of the investment portfolio as at Apr 30 2017 was £72.9 million consisting of listed and unquoted investments.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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