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.
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.