Seneca Global Income & Growth PLC Update research from QuotedData
25 April 2019 - 4:45PM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
25 April 2019
Seneca Global Income & Growth - Update research from
QuotedData
25(th) April 2019
Holding steady as cycle turns
Seneca Global Income & Growth Trust's (SIGT's) manager,
Seneca Investment Managers (Seneca IM), has continued to reduce the
trust's equity weighting, in advance of a global recession it
expects in late 2020/early 2021. Consistent with its view, the
yield curve has all but inverted (as at 22 March, the gap between
three-month and 10-year US treasury bonds was just 3 basis points)
and the manager says that in the past, on average, an economic
recession has commenced 311 days later.
Full research:
https://quoteddata.com/research/seneca-global-income-growth-holding-steady-cycle-turns/
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END
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