Equity Income
Guinness Emerging Markets Equity Income
Überblick
The Guinness Emerging Markets Equity Income strategy seeks income and capital growth through emerging markets dividend investing and invests in high-quality dividend-paying companies.
Emerging markets are not a single bloc. The pace and nature of growth are far from uniform and long-term development is not a straightforward process. But it is this complexity that creates the conditions for emerging markets stocks that can harness their dynamism and convert it into sustained profitability.
The Guinness Emerging Markets Equity Income Fund aims to invest in high-quality, cash-generative companies that achieve this.

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By focusing on individual companies and quality EM stocks, the Fund avoids relying on top-down predictions for certain regions. Instead, it targets companies with competitive advantages that translate to high and sustained returns on capital, offering the potential for reinvestment in the business and further growth as well as sustainable and growing dividends. Discounts to intrinsic value can also support total returns.
Why Equity Income for Emerging Markets?
- Focus on consistent high return on capital – Consistent high return on capital is a good indication of a company's durability, and its ability to pay healthy dividends. The Fund invests in companies that are unusually consistent in generating returns on capital above their cost of capital.
- Growth and income – Dividends are a natural outcome for companies that generate high returns on capital. A growing dividend stream is a sign of capital discipline and good corporate governance. This Fund looks for companies with the potential to deliver exactly that.
- High conviction – The Fund invests in 36 equally weighted companies, balancing the benefits of diversification with the ability of each holding to contribute meaningfully to performance. This structure results in a portfolio that is truly differentiated from the benchmark index.
- Fundamentally driven – By focusing on bottom-up investing the Fund avoid the pitfalls of focusing on regional economic forecasts alone. It targets companies that have temporarily fallen out of favour, but that have previously demonstrated an ability to weather most economic environments, creating the potential for strong returns.
- Low turnover – Investing for the long-term reduces unnecessary trading costs and gives companies time to deliver on their potential, with positions typically held for three to five years.
- Repeatable and independent – Edmund Harriss and Mark Hammonds have managed the Fund since launch with a defined and scalable investment process centred on high returns on capital that are sustained over time. This approach avoids the conflicting narratives that can surround emerging markets to focus on the company-specific factors that drive long-term returns.
The Guinness Emerging Markets Equity Income Fund could be suitable for investors looking for a core emerging markets holding, diversification of western stocks or as a source of investment income alongside capital growth. By focusing on bottom-up investing, it offers a distinctive approach to emerging markets. It invests in high-quality emerging markets stocks with proven records of generating returns on capital above the cost of capital, enabling them both to pay dividends and invest for growth.
Fondsdaten
- Launch Date
- 23.12.2016
- Fund Managers (start date)
- Edmund Harriss (23.12.2016)Mark Hammonds (31.03.2017)
- Benchmark
- MSCI Emerging Markets
- IA Sector
- IA Global Emerging Markets
- ISIN
- IE00BYV24R70
- SEDOL
- BYV24R7
- BLOOMBERG
- GUEMXGD ID
- Underlying currency
- USD
- Pricing
- Daily, forwards
- Valuation
- 23:00 Dublin time
- Deal cut off time
- 15:00 Dublin time
- UK Reporting Fund Status
- Yes
- ISA Eligible
- Yes
0.77%
None
Fund Registration
Please click on each country to see share class availability
Kommentar
Juli Kommentar
Dies ist eine Marketingmitteilung. Bitte lesen Sie vor einer endgültigen Anlageentscheidung den Prospekt, den Nachtrag (Supplement) sowie die KIDs und KIIDs der Fonds (auf dieser Website verfügbar), die ausführliche Informationen zu deren Merkmalen und Zielen sowie vollständige Informationen zu den Risiken enthalten.
Die Schwellenländer zeigten sich im Juni volatil und schlossen nahezu unverändert. Der MSCI Emerging Markets Index stieg in EUR um 0,6 %, während der Guinness Emerging Markets Equity Income Fund 0,9 % verlor. Seit Jahresbeginn liegt der Fonds mit +5,6 % hinter der Benchmark mit +27,2 %. Von Q1 zu Q2 stieg Asiens Gewicht im MSCI Emerging Markets Index von 79,7 % auf 83,8 %. Dahinter stand vor allem die starke KI-getriebene Entwicklung in Südkorea und Taiwan: Südkoreas Gewicht erhöhte sich von 15,5 % auf 23,7 %, Taiwans von 22,5 % auf 27,3 %. Gleichzeitig sanken die Anteile Indiens und Chinas. Die Begeisterung für KI bleibt groß, doch starke Kursschwankungen deuten auf sehr optimistische Erwartungen hin; Samsung Electronics und SK Hynix lagen zuletzt jeweils mehr als 25 % unter ihren Höchstständen.
Vollständiger Kommentar
Guinness Emerging Markets Equity Income Fund - Juli Kommentar
Juli 2026
Wertentwicklung
Ertrag
Distribution history
2026
Interim
Total paid this fund financial year
0.3000 GBP
Source: Guinness Global Investors. Distribution is per share.
Portfolio
Top 10 Holdings
As at 28. Aug. 2026
Source: Guinness Global Investors. Holdings and exposures may be subject to change
Top 10 Holdings
As at 28. Aug. 2026
Source: Guinness Global Investors. Holdings and exposures may be subject to change
Literatur

INSIGHTS IN FOCUS
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Equity Income | 19. August 2026 | 8 min read
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