Momentum Multi-Asset Value Trust bounces back strongly after pandemic

Momentum Multi-Asset Value Trust PLC is managed in a unique style with investible assets held within UK and overseas equities, fixed interest, specialist investments and property.

The trust is suitable for investors who wish to combine the benefits of a quarterly income with long term capital growth.

Over a typical investment cycle of between 5 and 10 years, the Multi-Asset Value Trust seeks to achieve a total return of at least CPI plus 6% per annum after costs with low volatility and aims to increase the dividends paid to shareholders at least in line with inflation, through the application of a Multi-Asset Investment Policy.

Momentum Multi-Asset Value Trust plc (LON:MAVT) said it has more than recovered from the challenges of the early stages of the Coronavirus (COVID-19) pandemic.

In its results statement for the period ended April 30, the investment trust told investors it performed well with net asset value showing a +47.9% total return and a share price total return of 48.5%.

The company confirmed a 6.72p per share dividend for the year as it announced a fourth interim dividend of 1.68p and noted a yield of 3.6%, based on the year-end share price of 185.5p.

It highlighted that the company chose to maintain its dividend during the pandemic despite the extraordinary pressures on many of its underlying investee companies and their ability to pay a dividend.

Seneca Global Income & Growth Trust PLC (LON:SIGT) said it will maintain its dividend at the current level at least until April 2022.

The value-strategy focused investment trust today announced an unchanged third dividend payment of 1.68p for the year to April 2021.

Seneca Global Income & Growth Trust PLC (LON:SIGT) has said that Pfizer/BioNtech’s coronavirus (COVID-19) vaccine might mark the tipping point for a switch away from tech and towards value-based strategies.

The value-focused trust said its net asset value (NAV) total return per share was 12.4% in November as markets rallied following the Pfizer announcement, adding that it is now possible to imagine a timetable for recovery from COVID-19 even if it takes many months.

Gary Moglione from Momentum Global Investment Management introduces Proactive London to the newly named Momentum Multi-Asset Value Trust

Despite the new name, Moglione explains to Katie Pilbeam, ‘nothing has changed’ in regards to the genesis of the trust. He explains what they look for and how they’re different from their peers in the Multi Asset Space.

The impact on income stocks in 2020 was negative and a significant portion of the market suspended dividends. The Trust utilised income reserves for a short period to ensure investors income rates were not impacted during the pandemic.