16 Oct 2020 10:48
Seneca Global Income & Growth Trust - Update research from QuotedData
16th 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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