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MIGT Midas

139.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Midas 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
  0.00 0.00% 139.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Seneca Global Income & Growth PLC Update research from QuotedData

18/09/2018 3:07pm

RNS Non-Regulatory


TIDMSIGT

Seneca Global Income & Growth PLC

18 September 2018

Seneca Global Income & Growth - Update research from QuotedData

18(th) September 2018

Mind the (inflation) gap!

Seneca Global Income & Growth Trust's (SIGT's) manager, is gradually reducing the trust's equity weighting over the next couple of years, in advance of a global recession it expects in 2020. Consistent with its view, the recent trend in developed economies has been one of falling unemployment, labour markets tightening, wage rates edging up and emerging signs that consumer prices are also on the rise. SIGT's manager expects inflation to continue to rise, triggering a response from central banks, including in some cases, interest rate rises and ultimately recession. SIGT has recently underperformed its benchmark and global equity markets (see page 10), but its manager expects its multi-asset strategy to strongly outperform these in the downturn.

Full research:

https://quoteddata.com/2018/09/seneca-global-income-growth-mind-inflation-gap/

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 was paid to produce 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 categorised as Retail Clients under the rules of the Financial Conduct Authority.

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAUWRSRWOAKAAR

(END) Dow Jones Newswires

September 18, 2018 10:07 ET (14:07 GMT)

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