Update research from QuotedData

RNS Number : 0008X

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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