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, SIGT’s chief investment officer Peter Elston gives his perspective on financial markets in 2018, before commenting on the trust’s performance. He then provides his outlook for economies and markets in 2019, and explains what that means in terms of SIGT’s asset allocation. Fund manager Gary Moglione highlights some of the areas where the trust differentiates itself from its peers, before explaining how SIGT generates its income.