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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Seneca Global Income & Growth Trust Plc | LSE:SIGT | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 178.50 | 177.00 | 180.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMSIGT
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.
Full research:
https://quoteddata.com/2017/09/seneca-global-income-growth-steady-reduction-equity-exposure/
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: 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.
QUOTEDDATA
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Tel: +44 (0) 20 3691 9430
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This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUOARRBRAKAAR
(END) Dow Jones Newswires
September 13, 2017 06:12 ET (10:12 GMT)
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