Seneca Global Income & Growth Trust (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, chief investment officer Peter Elston explains the business cycle. He then provides an update on the current macro backdrop, how he sees the next couple of years unfolding, and how this informs SIGT’s asset allocation. The trust’s newest fund manager Gary Moglione introduces himself and explains his responsibilities at Seneca, before highlighting SIGT’s investments in specialist financial assets. Finally, Peter Elston explains how the trust’s discount control mechanism operates.