Seneca Global Income & Growth PLC Edison update on Seneca Global Income & Grwth Trst

TIDMSIGT

Seneca Global Income & Growth PLC

08 March 2016

London, UK, 8 March 2016

Edison issues research update on Seneca Global Income & Growth Trust

Seneca Global Income & Growth Trust (SIGT) is an actively managed global income fund that follows a multi-asset value approach with a core allocation of 60% to equities, although this could range from 25-85% depending on market valuations. The trust's NAV total return has outperformed its benchmark of three-month Libor +3% and the FTSE All-Share index over the four years since its investment mandate changed in January 2012. Volatility has been consistently lower than the peer group average. The prospective yield on SIGT is just over 4%.

SIGT's objective is to outperform three-month Libor plus 3.0% over the longer term, with low volatility and the prospect of income and capital growth, through investment in a multi-asset portfolio including UK and overseas equities, fixed-interest securities, property and specialist assets. The trust changed its name from Midas Income & Growth in October 2014.

Click here to view the full report

All reports published by Edison are available to download free of charge from its website: www.edisoninvestmentresearch.com

About Edison: We are an international equity advisory firm. We enable our client companies to achieve their capital market objectives. The team is made up of more than 80 analysts and investment professionals with many decades of experience. Our extensive company knowledge and industry expertise spans 10 business sectors and more than 700 listed companies globally. We give our corporate clients and investors privileged insight into global investment trends. Our distribution capability is key to ensuring that a global investor audience can access our investment knowledge. Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details: Learn more at www.edisongroup.com and connect with Edison on:

 
 LinkedIn   www.linkedin.com/company/edison-investment-research 
---------  ---------------------------------------------------- 
 Twitter    www.twitter.com/Edison_Inv_Res 
---------  ---------------------------------------------------- 
 YouTube    www.youtube.com/edisonitv 
---------  ---------------------------------------------------- 
 Google+    https://plus.google.com/105425025202328783163/posts 
---------  ----------------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAJPMTTMBTMBAF

(END) Dow Jones Newswires

March 08, 2016 07:28 ET (12:28 GMT)

Midas Income & Growth Trust (LSE:MIGT)
Historical Stock Chart
From Jun 2024 to Jul 2024