Seneca Global Income & Growth PLC Initiation research from QuotedData
November 03 2015 - 6:01AM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
03 November 2015
Initiation research from QuotedData
3(rd) November 2015
Low volatility and growing income
In recent years Seneca Global Income & Growth has delivered
returns ahead of the average of its peer group and ahead of
comparable indices and with markedly lower volatility than both.
The dividend, which is paid quarterly, is climbing steadily as is
the fund's revenue reserve. The manager's multi-asset value
investing approach is delivering on all of the fund's objectives. A
fund that can grow its income and capital without experiencing the
volatility associated with a pure equity fund may be attractive for
many investors. This could be one reason why the discount has
narrowed in recent months. The Board has said they would like to
see the trust expand.
Seneca Global Income & Growth Trust's ("SIGT") investment
objective is to outperform 3 month LIBOR+3% over the longer-term,
with low volatility and the prospect of income and capital growth,
through investment in a multi-asset portfolio which includes
investment in both direct investments, mainly UK equities, and
commitments to open and closed-end funds. SIGT' has comfortably
beaten its LIBOR+3% objective. We have compared the fund with a
variety of other measures.
http://quoteddata.com/2015/11/seneca-global-income-growth-trust-volatility-growing-income/
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