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

Seneca Global Income & Growth Trust

LN: SIGT

£57.8m market cap

120p 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) 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.

Share price graph
Price performance
%
1m
3m
12m
Actual (24.3) (33.9) (31.8)
Relative* (10.9) (9.1) (9.3)
52-week high/low 181.8p/110.5p
*% 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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