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.£66.9m
Last close167.75p
High / Low (52 weeks)167.8p / 138.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

Seneca Global Income & Growth Trust (SIGT) aims to generate income and long-term capital growth across multiple asset classes with low volatility. The trust adopts a long-term strategic asset allocation to equities (60%, split 35% to UK and 25% to overseas – with modest US exposure), fixed income (15%) and specialist assets (25%, generally yielding 5-8%). Shorter-term tactical asset allocations are made with a view to enhancing portfolio returns. For UK equity exposure, SIGT focuses on mid-cap companies, which over time tend to outperform the broader market. SIGT retains zero exposure to developed market government bonds, which the manager considers expensive. Following the change in mandate in 2012, SIGT’s NAV total return has outperformed the FTSE All-Share index, with significantly lower volatility; while dividends and reserves have grown every year.

Last updated on 23/03/2017

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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