Seneca Global Income & Growth PLC Edison reviews Seneca Global Income & Growth Trust
February 21 2019 - 10:06AM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
21 February 2019
London, UK, 21 February 2019
Edison issues review on Seneca Global Income & Growth Trust
(SIGT)
Seneca Global Income & Growth Trust (SIGT) is a multi-asset,
value investor, aiming to generate an average total return of at
least CPI +6% pa (with low volatility) over the course of a typical
investment cycle, while growing its dividend in real terms. In
anticipation of a global recession in 2021, preceded in 2020 by
pronounced stock market weakness, SIGT's managers are continuing to
reduce the trust's equity exposure. Two new investments have
recently been in specialist assets, a heterogeneous asset class,
which diversifies the trust's revenue stream and offers the
potential for enhanced total returns and lower portfolio
volatility. SIGT has a progressive dividend policy; its annual
distribution has compounded by c 4% pa over the last five years,
and the trust currently offers a prospective dividend yield of
3.9%.
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