Momentum Multi-Asset Value Trust (formerly Seneca Global Income & Growth Trust : SIGT and before that Midas Income & Growth Trust) is designed for investors who wish to combine the benefits of a quarterly income with long term capital growth. Over a typical investment cycle, the trust will seek to achieve a total return of at least CPI + 6% per annum after costs with low volatility, and with the aim of growing aggregate annual dividends at least in line with inflation through the application of a multi-asset investment policy. The emphasis is on low volatility with the prospect of income and capital growth, through investing in a multi-asset portfolio.
The trust is managed in keeping with the manager’s multi-asset value investing approach. Assets held include UK and overseas equities, fixed interest, specialist investments and property. We believe that our value investing ethos holds out the prospect of superior long term returns.
Ordinarily, exposure to overseas companies is achieved through the use of specialist collective investment schemes and products.
We have written notes that explain how the fund works:
- “Going for gold”, published in July 2019, looks at SIGT’s managers decision to reduce the trust’s equity weighting for new gold allocations
- “Holding steady as cycle turns”, published in April 2019, notes how SIGT’s portfolio is expected to outperform in an anticipated downturn
- “Mind the (inflation) gap!“, published in September 2018, talks about the warning signs of a recession nearing and how SIGT’s management looks to stay ahead of the turn
- “Cutting back on equities“, publsihed in June 2018, highlights the recent changes SIGT is making to reduce exposure and an overview of the trust
- “Walk the walk“, Published in January 2018, looks at the road map set by management to to reduce it’s weighting in equities as developing markets are reaching their peak
- “Steady reduction in equity exposure“, published in September 2017, states how SIGT’s management is sticking with their strategy of selling off equities, reflecting high levels of confidence
- “Changing tack“, published in June 2017, notes how SIGT is outperforming peers as well as growing its asset base with new discount control mechanism
- “Celebrating five years since strategy change“, published in March 2017, looks at SIGT five years after allowing its managers to have more flexibility with the portfolio
- “In demand and no discount“, published in September 2016, talks about the new discount policy to give investors more confidence which is already showing demand
- “On track for zero discount policy“, published in May 2016, notes how SIGT is on track to adopt a zero discount policy to increase comfort with investors
- “Low volatility and growing income“, published in November 2015, the first look at SIGT highlights their returns and increasing dividend
You can access the manager’s website here