Seneca Global Income & Growth Trust plc
Our smaller size allows us to explore all investment opportunities.
The Seneca Global Income & Growth Trust plc is designed for investors seeking a quarterly income with long- term capital growth and low volatility. The Trust employs a proprietary Multi-Asset Value Investing approach. The core principle of value investing, buying good quality assets when they are under-valued, is applied to every investment decision we make.
We also think that small is beautiful. The industry is full of asset gatherers when it could be full of asset managers. Larger funds have a reduced investment universe because they find it more difficult to invest in smaller assets. This impairs the ability to generate returns. Our smaller size allows us to explore all investment opportunities including ones our competitors cannot access. The less crowded areas of the market are a fertile hunting ground for under-valued assets.
In the UK equity market, we invest primarily in mid-caps, an area which has demonstrated long term outperformance, as many good quality assets are under-valued due to a lack of coverage.
Elsewhere, our size enables us to access a range of specialist investment trusts focused on property (REITs), infrastructure, leasing and other forms of finance, as well as private equity, many of which are too small or illiquid for larger funds to manage actively.
We use third party fund managers for overseas equities who like us, invest in smaller or mid-cap stocks in various global equity markets, where we believe the best opportunities lie.
Small is indeed beautiful!