Seneca Global Income & Growth Trust PLC's (LON:SIGT) David Thomas tells Proactive London's Andrew Scott it's a multi-asset trust and, unusually in the space, he says they're value-investors. ''At the moment we've got around 60% equities of which over half is in the UK'', he says. ''In the UK it's a pretty concentrated portfolio of around 20 mid-cap stocks, benchmark-agnostic, we think that's the area where we'll get the best long-term risk return''. ''We also have about a 6% exposure to gold and gold miners and then the balance is made up of around 10% in fixed income and then about 25% in 'specialist' which is a mix of private equity, infrastructure, property and specialist financial businesses''. ''We tend to put more weight on the valuations of the assets we own and the quality of the third party managers we use rather than macro economics ... not because it's unimportant but then we'll have a sense of certainty that the vast majority of our holdings are good value in almost any circumstance''.
Seneca Global Income & Growth's David Thomas reckons there's much more NAV growth to come
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