Share Name Share Symbol Market Type Share ISIN Share Description
Midas Income & Growth Trust LSE:MIGT London Ordinary Share GB0008769993 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 139.25p 0.00p 0.00p - - - 0 06:32:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.0 2.3 5.7 24.4 55.56

Seneca Global Income & Growth PLC Update research from QuotedData

13/09/2017 11:12am

RNS Non-Regulatory


Seneca Global Income & Growth PLC

13 September 2017

Seneca Global Income & Growth Trust plc - Update research from QuotedData

13(th) September 2017

Steady reduction in equity exposure

Over the past year, Seneca Global Income & Growth (SIGT) has delivered returns well in excess of its new benchmark (see page 2), further enhancing its strong track record. SIGT's manager believes we may be due to enter a bear market in 2019, ahead of a slowing global economy in 2020. Given this, it has been steadily reducing SIGT's exposure to equity markets, notably in the US where the fund is now zero weighted. The manager says that it will continue to sell equities over the rest of this year and the next, locking in profits.

Having no exposure to the world's largest equity market is a bold move for the fund and, arguably, reflects the manager's high conviction approach.

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NB: Marten & Co has been paid to prepare this note on Seneca Global Income & Growth Trust and it 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.


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September 13, 2017 06:12 ET (10:12 GMT)

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