3 Nov 2015 11:01
Initiation research from QuotedData
3rd November 2015
Low volatility and growing income
In recent years Seneca Global Income & Growth has delivered returns ahead of the average of its peer group and ahead of comparable indices and with markedly lower volatility than both. The dividend, which is paid quarterly, is climbing steadily as is the fund's revenue reserve. The manager's multi-asset value investing approach is delivering on all of the fund's objectives. A fund that can grow its income and capital without experiencing the volatility associated with a pure equity fund may be attractive for many investors. This could be one reason why the discount has narrowed in recent months. The Board has said they would like to see the trust expand.
Seneca Global Income & Growth Trust's ("SIGT") investment objective is to outperform 3 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 investment in both direct investments, mainly UK equities, and commitments to open and closed-end funds. SIGT' has comfortably beaten its LIBOR+3% objective. We have compared the fund with a variety of other measures.
http://quoteddata.com/2015/11/seneca-global-income-growth-trust-volatility-growing-income/
This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed investment company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.
NB: this note has been prepared for Seneca Global Income & Growth Trust by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.
For further enquiries and feedback, please do not hesitate to email or call.
QUOTEDDATA123a Kings Road | London SW3 4PLTel: +44 (0) 20 3691 9430
www.quoteddata.com | research@quoteddata.com | www.martenandco.com