money & pens

Seneca Global Income & Growth Trust

LN: SIGT

£84.2m market cap

177.5p 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 (SIGT) is a multi-asset, value investor, aiming to generate an average total return of at least CPI +6% pa (with low volatility) over the course of a typical investment cycle, while growing its dividend in real terms. In anticipation of a global recession in 2021, preceded in 2020 by pronounced stock market weakness, SIGT’s managers are continuing to reduce the trust’s equity exposure. Two new investments have recently been in specialist assets, a heterogeneous asset class, which diversifies the trust’s revenue stream and offers the potential for enhanced total returns and lower portfolio volatility. SIGT has a progressive dividend policy; its annual distribution has compounded by c 4% pa over the last five years, and the trust currently offers a prospective dividend yield of 3.9%.

Share price graph
Price performance
%
1m
3m
12m
Actual 4.1 6.8 3.7
Relative* 1.0 (1.9) 1.0
52-week high/low 177.5p/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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