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Seneca Global Income & Growth Trust (SIGT)

Business description

SIGT’s aim is to achieve net returns in excess of CPI +6% pa over the course of a typical investment cycle, with low volatility. It also aims to grow aggregate annual dividends at least in line with CPI, through investment in a multi-asset portfolio.

Stock data

Market cap.£84.6m
Last close174.00p
High / Low (52 weeks)179.5p / 168.0p
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) aims to generate an average total return of at least CPI +6% pa, with low volatility, over the course of a normal business cycle, while growing annual dividends at least in line with UK inflation. It employs a value-based, multi-asset approach, investing in UK and overseas equities, fixed income and specialist assets. SIGT’s investment team employs a long-term strategic asset allocation (SAA), using a shorter-term tactical asset allocation (TAA), to take advantage of relative valuation differences between asset classes. In anticipation of an expected global economic downturn in 2020, SIGT’s managers are continuing to reduce risk by lowering equity exposure broadly at a rate of 1pp every couple of months. The TAA can vary markedly from the SAA when deemed appropriate, illustrated by the current zero exposure to North American equities.

Last updated on 03/07/2018

Latest video

Executive interview - Seneca Global Income & Growth Trust

Key management

Richard Ramsay, Chairman
Richard Parfect, Fund manager
Tom Delic, Fund manager
Mark Wright, 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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