Seneca Global Income & Growth PLC Update research from QuotedData
October 16 2020 - 5:48AM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
16 October 2020
Seneca Global Income & Growth Trust - Update research from
QuotedData
16(th) October 2020
Knit one, purl one
Seneca Global Income & Growth Trust's (SIGT's) UK-biased
value style and mid-cap exposure suffered heavily as markets
collapsed during the first quarter of 2020. However, the manager
used the rout to take advantage of deep value opportunities, while
adding risk to the portfolio, and SIGT has benefitted during both
recovery phases. While small-mid caps have recovered relative to
larger stocks, though, and sterling has shown some appreciation,
value remains deeply unloved by most investors. SIGT's manager,
Seneca IM, says that it is difficult to identify a specific
catalyst that will drive a rotation back into value, but the move
could be very quick when it occurs. It is therefore sticking to its
knitting, focusing on deeper value opportunities that it believes
will yield results over the longer term.
Full research:
https://quoteddata.com/research/seneca-global-income-growth-knit-purl-qd/
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