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Seneca Global Income & Growth Trust

LN: SIGT

£85.7m market cap

174p last close

SIGT’s aim 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.

Investment summary

Seneca Global Income & Growth Trust (LSE:SIGT) was launched in 2005 and adopts a ‘multi-asset value investing’ approach, aiming to generate income and capital growth with low volatility by investing in a multi-asset portfolio of equities, fixed income and specialist assets. Since July 2017, SIGT’s performance has been benchmarked against CPI +6%. Annual dividends have increased each year since 2013. On 1 August 2016, SIGT adopted a discount control mechanism aiming to ensure that its share price trades very close to NAV.

In this webcast, one of SIGT’s fund managers, Gary Moglione, discusses how the environment has been for value managers and how Brexit is affecting the fund’s UK exposure. He then highlights the new positions in the portfolio, before discussing changes within the specialist asset segment of the trust and how overall asset allocation has evolved over the course of this year.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.0 (1.0) 5.8
Relative* (2.0) (4.5) 0.7
52-week high/low 181.8p/159.2p
*% 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

Content on Seneca Global Income & Growth Trust

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