Seneca Global Income & Growth Trust (SIGT)

Business description

SIGT's investment objective is to outperform 3-month LIBOR plus 3.0%, over the longer term, with low volatility and the prospect of capital and income growth, through investment in a multi-asset portfolio. The asset classes included in the company's portfolio are UK and overseas equities, fixed interest securities, property, alternative assets and structured products.

Stock data

Market cap.£70.7m
Last close174.25p
High / Low (52 weeks)174.5p / 139.8p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Seneca Global Income & Growth Trust Outperforms Benchmark In Year

Wed, 14 Jun 2017 11:03:45 GMT

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Thu, 09 Feb 2012 13:14:22 GMT

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Fri, 17 Jul 2015 12:14:11 GMT

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Thu, 02 Feb 2017 10:41:15 GMT

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Investment summary

Seneca Global Income & Growth Trust (SIGT) has proposed changing its benchmark to a more relevant CPI +6% versus the current Libor +3%; it aims to generate income and long-term capital growth across multiple asset classes with low volatility. SIGT also aims to grow annual dividends at least in line with UK inflation. It currently has a long-term strategic allocation to equities (60%, split 35% and 25% between UK and overseas), fixed income (15%) and specialist assets (25%, generally yielding 5-8%). SIGT has outperformed its current benchmark and the FTSE All-Share index over three and five years and since its change of mandate in 2012, with lower volatility than the UK equity market. Annual dividends have increased above the level of UK inflation for the last four years and SIGT has regularly added to reserves. The board has been actively utilising the discount control mechanism that was initiated in 2016, with the aim that SIGT’s shares trade close to its NAV.

Last updated on 27/06/2017

Latest video

Executive interview - Seneca Global Income & Growth Trust

Key management

Richard Ramsay, Chairman
Alan Borrows, Fund manager
Peter Elston, Chief Investment Officer

Company address

Tenth Floor
Horton House
Exchange Flags
Liverpool
L2 3YL
United Kingdom
0151 906 2450
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