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.£78.1m
Last close173.75p
High / Low (52 weeks)179.5p / 157.8p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

Seneca Global Income & Growth Trust (SIGT) has changed its benchmark to a more relevant CPI +6% rather than Libor +3%, aiming to achieve an average annual return of 6% above the rate of UK inflation over the course of a typical investment cycle. There has been no change to the investment process; SIGT seeks to generate long-term growth in capital and income, with low volatility of returns, from a portfolio of multiple asset classes. Anticipating a global economic downturn in 2020, SIGT is gradually reducing its equity exposure. At end-September 2017, its tactical asset allocation (TAA) was 59% to equities and 41% to other asset classes, including more than 25% to specialist assets, which generally yield 5-8%. SIGT aims to grow annual dividends at least in line with UK inflation (as achieved in each of the last four financial years). The trust has outperformed its blended benchmark and the FTSE All-Share index over one, three and five years and since its change of mandate in 2012.

Last updated on 25/10/2017

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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