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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NB: Marten & Co was paid to produce this note on Seneca Global Income & Growth Trust Plc 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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END

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April 25, 2019 02:45 ET (06:45 GMT)

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