Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens

Seneca Global Income & Growth Trust

LN: SIGT

Market Cap£64m

Last Close 178p

Seneca Global Income & Growth Trust’s objective is to achieve net returns in excess of CPI +6% pa over the course of a typical investment cycle, with low volatility. It also aims to grow aggregate annual dividends at least in line with CPI, through investment in a multi-asset portfolio including UK and overseas equities, fixed-income securities and specialist assets (including property).

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Investment summary

Seneca Global Income & Growth Trust (SIGT) is managed by a four-strong team at Seneca Investment Managers, seeking undervalued securities across multiple asset classes in order to diversify the trust’s risk and return drivers. Its UK equity portfolio was particularly negatively affected by the coronavirus-led market sell-off in March, given its focus on domestic, mid-cap value stocks, which performed relatively poorly. However, these holdings could stand SIGT in good stead during an economic recovery. The trust’s board has committed to continue paying quarterly dividends, using reserves where necessary if income falls short, which seems likely given the number of dividend cuts announced by corporates in response to the global pandemic.

Content on Seneca Global Income & Growth Trust
Seneca Global Income & Growth Trust – Keeping a cool head in a tough market
Investment companies | research Review | 19 March 2020
business desk
Executive interview – Seneca Income & Growth Trust
Investment companies | Edison TV | 16 March 2020
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Share price graph
Price performance
%
1m
3m
12m
Actual 3.9 7.9 49.0
Relative* (0.3) 4.1 17.4
52-week high/low 178.5p/118.0p
*% relative to local index
Key management
Richard Ramsay Chairman
David Thomas Chief Executive
Gary Moglione Fund manager
Mark Wright Fund manager
Peter Elston Chief Investment Officer
Richard Parfect Fund manager
Tom Delic Fund manager

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