Seneca Global In­come & Growth Trust plc

Our smaller size al­lows us to ex­plore all in­vest­ment op­por­tu­ni­ties.

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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!

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