Seneca Global Income & Growth PLC Edison reviews Seneca Global Income & Growth Trust
November 26 2019 - 6:22AM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
26 November 2019
London, UK, 26 November 2019
Edison issues review on Seneca Global Income & Growth Trust
(SIGT)
Seneca Global Income & Growth Trust (SIGT) has a multi-asset
investment strategy, with an overriding focus on value. The team at
Seneca Investment Managers aims to generate average total returns
of at least CPI +6% pa over the course of a typical investment
cycle. It believes that there is significant latent value within
SIGT's portfolio, and due to wide disparities in the market, there
are opportunities to recycle capital. The managers are reducing
exposure to positions that have done relatively well, while adding
to long-term opportunities that are trading on very attractive
valuations. The fund has a structural bias towards the UK and
sterling, which should be beneficial for its performance if there
is increased clarity surrounding the UK's departure from the
European Union.
SIGT's board introduced a DCM in August 2016; since then, the
trust's shares have regularly traded close to NAV. The current 0.7%
premium to cum-income NAV compares with the range of a 3.6% premium
to a 2.8% discount over the last 12 months. Over the last one,
three and five years, SIGT has traded at an average 0.4% premium,
0.8% premium and 0.4% discount respectively.
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