QuotedData is publishing a new update note on a company in the Flexible Investment sector:
Seneca Global Income & Growth – Celebrating five years since strategy change
It has been five years since Seneca Global Income and Growth Trust (SIGT) changed its strategy to allow its managers greater flexibility in managing its multi-asset portfolio. As this anniversary passes, SIGT has moved into the AIC’s flexible investment sector where it is one of the best-performing trusts, yet its return volatility is markedly below the peer-group average. Seven months ago, SIGT introduced a new discount control mechanism (DCM) that is keeping the Trust trading at close to a zero discount. It is designed to give investors confidence that they can trade in and out of SIGT at close to NAV. The board believe that this will provide SIGT with a strong foundation on which it can grow.
Multi-asset, low volatility, with yield focus
SIGT’s investment objective is to outperform three-month Libor+3% over the longer term, with low volatility and the prospect of income and capital growth, through investment in a multi-asset portfolio, which includes both direct investments (mainly UK equities) and commitments to open- and closed-end funds (overseas equities, fixed income and specialist assets).
SIGT : Seneca Global Income & Growth – Celebrating five years since strategy change