Update research from QuotedData

RNS Number : 1592B

Seneca Global Income & Growth PLC

18 September 2018

 

Seneca Global Income & Growth - Update research from QuotedData

18^th September 2018

Mind the (inflation) gap!

Seneca Global Income & Growth Trust's (SIGT's) manager, is gradually reducing the trust's equity weighting over the next couple of years, in advance of a global recession it expects in 2020. Consistent with its view, the recent trend in developed economies has been one of falling unemployment, labour markets tightening, wage rates edging up and emerging signs that consumer prices are also on the rise. SIGT's manager expects inflation to continue to rise, triggering a response from central banks, including in some cases, interest rate rises and ultimately recession. SIGT has recently underperformed its benchmark and global equity markets (see page 10), but its manager expects its multi-asset strategy to strongly outperform these in the downturn.

Full research:

https://quoteddata.com/2018/09/seneca-global-income-growth-mind-inflation-gap/

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