Seneca Global Income & Growth PLC Update research from QuotedData
September 13 2017 - 6:12AM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
13 September 2017
Seneca Global Income & Growth Trust plc - Update research
from QuotedData
13(th) September 2017
Steady reduction in equity exposure
Over the past year, Seneca Global Income & Growth (SIGT) has
delivered returns well in excess of its new benchmark (see page 2),
further enhancing its strong track record. SIGT's manager believes
we may be due to enter a bear market in 2019, ahead of a slowing
global economy in 2020. Given this, it has been steadily reducing
SIGT's exposure to equity markets, notably in the US where the fund
is now zero weighted. The manager says that it will continue to
sell equities over the rest of this year and the next, locking in
profits.
Having no exposure to the world's largest equity market is a
bold move for the fund and, arguably, reflects the manager's high
conviction approach.
Full research:
https://quoteddata.com/2017/09/seneca-global-income-growth-steady-reduction-equity-exposure/
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