Seneca Global Income & Growth PLC Update research from QuotedData
September 18 2018 - 10:07AM
RNS Non-Regulatory
TIDMSIGT
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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END
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