Seneca Global Income & Growth Trust’s (SIGT’s) manager continues to expect a global recession in 2020, with a global bear market in equities in 2019. In anticipation, it laid out its strategy of gradually reducing the trust’s exposure to shares in companies and recent events have served to reinforce its view. The manager highlights the benefit of SIGT’s ability to invest across a range of different asset types, which it says can add value in a way that cannot be replicated by a passive fund following an index. This note provides an update on recent changes as well as a detailed overview of the trust.
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Cutting back on equities
- Published:
21 Jun 2018 -
Author:
Ed Marten -
Pages:
22
Seneca Global Income & Growth Trust’s (SIGT’s) manager continues to expect a global recession in 2020, with a global bear market in equities in 2019. In anticipation, it laid out its strategy of gradually reducing the trust’s exposure to shares in companies and recent events have served to reinforce its view. The manager highlights the benefit of SIGT’s ability to invest across a range of different asset types, which it says can add value in a way that cannot be replicated by a passive fund following an index. This note provides an update on recent changes as well as a detailed overview of the trust.