Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens

Seneca Global Income & Growth Trust

LN: SIGT

£84.9m market cap

176.25p last close

SIGT’s aim is to achieve net returns in excess of CPI +6% pa over the course of a typical investment cycle, with low volatility. It also aims to grow aggregate annual dividends at least in line with CPI, through investment in a multi-asset portfolio.

Investment summary

Seneca Global Income & Growth Trust (SIGT) has a value-biased, multi-asset investment strategy. It aims to generate average total returns of at least CPI +6% pa over the course of a typical investment cycle. Recent performance has been significantly enhanced by the holding in financial platform AJ Bell, whose shares have nearly trebled since listing in December 2018. This has more than offset the negative effects from SIGT’s lack of exposure to US equities and safe-haven government bonds, which have performed relatively well. SIGT has a positive medium- and long-term track record versus its benchmark, despite growth rather than value stocks leading the markets in recent years. Performance has been helped by its c 30% exposure to specialist assets, which offer the potential for enhanced total returns, including high yields, supported by stable, inflation-linked income streams, along with lower volatility.

Share price graph
Price performance
%
1m
3m
12m
Actual (0.1) (0.8) 1.6
Relative* (2.1) (1.1) 3.7
52-week high/low 181.8p/159.2p
*% relative to local index
Key management
Richard Ramsay Chairman
David Thomas Chief Executive
Gary Moglione Fund manager
Mark Wright Fund manager
Peter Elston Chief Investment Officer
Richard Parfect Fund manager
Tom Delic Fund manager

Content on Seneca Global Income & Growth Trust

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