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Guinness Best of China Fund

The Guinness Best of China strategy invests in quality companies with exposure to the development and growth of the Greater China region.

Overview

The Guinness Best of China strategy invests in quality companies with exposure to the development and growth of the Greater China region.

The Greater China region is one of the most dynamic economic areas in the world; it is also one of the least understood. The economy of mainland China has grown to be the second-largest in the world and accounts for $35 for every $100 in world economic growth. The transformation that many have missed has been the development of China’s industrial complex into a producer of higher-end, higher-value products with higher wages to match.

The old model of cheap goods using low-cost labour has passed and moved to Bangladesh, Cambodia, and Vietnam. The effect has been the creation of a vibrant consumer market for goods and services. The growth in online shopping and the number of transactions in ’virtual’ malls continues to dazzle ($752 bn in 2016 compared to $390 bn in the US).

The future of Chinese and Taiwanese companies lies in their ability to specialise, to become indispensable to global manufacturing supply chains and to adapt to the developing domestic consumer markets.

We believe that over the next twenty years the China story will be shaped by rising incomes, the spread of wealth and a steady rise in consumption of goods and services. China’s economy is one that is in transition from industrial and infrastructure-led growth toward a consumer oriented model.

Investment Team

High quality funds are run by high quality people.

We pride ourselves of having a collegial culture, with teams across the business successfully working together to achieve positive outcomes for our investors.

Sharukh Malik

Sharukh Malik

Portfolio Manager, Asian & Emerging Markets

Edmund Harriss

Edmund Harriss

Director, Chief Investment Officer, Portfolio Manager

How to Invest

We’ve tried to make investing in our Funds as simple as possible. All of our funds are available to invest directly via an application form, we also have good availability across a number of investment supermarkets whilst being eligible for ISAs & SIPPs.

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Investment Case

The Guinness Best of China Strategy aims to capture these themes by systematic identification of companies that have already demonstrated their commercial strength in this market and investing in those whose shares we believe are under-priced.

The Best of China strategy invests in companies either listed in or deriving at least half their revenues from China, Hong Kong and Taiwan.

For investors, the challenge is to identify those companies most likely to translate these themes and their competitive advantages into sustainable cash flows and profits.

We believe the best way to do this is to focus on those that already have a track record of superior cash-based profitability sustained over the years which we think makes it likely this will persist.

We think investors will likely make money by investing those companies whose share prices undervalue that likely persistence.

The Best of China strategy normally consists of 33 best ideas with equal amounts invested in each position.
 

How do we run the Fund?

In June 2020, we refined the philosophy of the Fund so that it would focus on the structural growth opportunities in China. We have identified seven structural growth areas which we think are likely to grow over the medium-to-long-term:

  • Rise of the Middle Class
  • Sustainability
  • Manufacturing Upgrades
  • Healthcare
  • Cloud Computing & Artificial Intelligence
  • Next Gen Consumer
  • Financial Services

Within these growth areas, we also apply a set of quantitative filters to identify quality, profitable companies with strong balance sheets. Quality is defined as a return on capital above the cost of capital while a strong balance sheet is defined as debt/equity less than 150%. These filters reduce the universe from an initial 800 companies to around 320 companies, of which we pick 32 to form an equally weighted portfolio.

When picking the stocks that go into the portfolio, we first “clean” the financial statements to reflect reality. We are most interested in regular, persistent earnings and so aim to remove non-recurring items. These include one-off gains and losses, as well as government subsidies. We break down the balance sheet to identify sources of both strength and risk. For example, many Chinese companies invest a portion of their cash into wealth management products (WMPs). If these WMPs are high risk they can potentially be written down, meaning they are worth less than their accounting value. In this case, a company’s cash holdings would be far less than they seem. As a result of cleaning the financial statements, we eventually create an accurate cashflow statement built on our own calculations rather than taking cashflows as defined by management. Here we pay attention to the different types of cashflow, each of which reveal different information. Overall, we are looking for businesses with the ability to redeploy cash at a high rate of return.

The next step is to carry out a series of accounting checks. These checks aim to identify anomalies in the accounts, covering revenue recognition, capitalisation and amortisation, asset valuations, effective tax rates and return on cash and WMP.

If we like the business, trust management and trust the accounts, we move onto valuations. We are not interested in stocks where a valuation derating can offset most, if not all, of the earnings growth. Therefore we look for stocks where we believe earnings growth can offset a potential valuation derating. We primarily do this using two methods: a DCF approach and an earnings approach. In the DCF approach, we use different combinations of revenue growth and margins to assess valuations in each scenario. In the earnings approach, we use different combinations of earnings growth and final multiples to assess upside in each scenario. These two approaches allow us to take into account the effect of rising interest rates on valuations.

How do we construct the portfolio?

The Guinness Best of China Fund is a concentrated portfolio of around 30 equally weighted stocks. This provides a number of useful attributes:

  1. It reduces stock-specific risk, as we will not be overweight in a small number of favourite companies.
  2. We will not have a long tail of small holdings in the portfolio, which can be a distraction and a potential drag on performance.
  3. It instils a strong sell discipline as we must typically sell a position in order to make way for a new one; and we must constantly assess the companies we own in the portfolio in comparison to the rest of the universe available to us.
  4. We are truly index independent. All companies held are weighted equally without regard to their weighting in the benchmark index, so our portfolio has a high active weight.

Factsheets

 

 

Fund English French German Spanish Italian
Guinness Best of China Fund Download Download Download Download Download

Updates

 

 

Document
Guinness Best of China Fund
August 2022
Document
Guinness Best of China Fund
July 2022
Guinness Best of China Fund
April 2022
Guinness Best of China Fund
October 2021
Guinness Best of China Fund
July 2021
Guinness Best of China Fund
April 2021
Guinness Best of China Fund - Annual Review
January 2022
Document
Guinness Best of China Fund
August 2022
Guinness Best of China Fund
July 2022
Guinness Best of China Fund
June 2022
Guinness Best of China Fund
May 2022
Guinness Best of China Fund
April 2022
Guinness Best of China Fund
March 2022
Guinness Best of China Fund
February 2022
Guinness Best of China Fund
December 2021
Guinness Best of China Fund
November 2021
Guinness Best of China Fund
October 2021
Guinness Best of China Fund
September 2021
Guinness Best of China Fund
August 2021
Guinness Best of China Fund
July 2021
Guinness Best of China Fund
June 2021

KIIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Best of China Fund C EUR ACC IE00BZ08YS42 Download Download Download Download Download Download
Guinness Best of China Fund C GBP ACC IE00BZ08YR35 Download Download Download Download
Guinness Best of China Fund C USD ACC IE00BZ08YT58 Download Download Download Download Download Download
Guinness Best of China Fund I USD Acc IE00BMYPNC70 Download
Guinness Best of China Fund Y EUR ACC IE00BZ08YW87 Download Download Download Download Download Download
Guinness Best of China Fund Y GBP ACC IE00BZ08YV70 Download Download Download Download
Guinness Best of China Fund Y USD ACC IE00BZ08YX94 Download Download Download Download Download Download
Guinness Best of China Fund Z GBP ACC IE00BZ08YY02 Download Download Download Download

Documents

 

 

Document

Fund Supplement

Long-only Application Form

Funds - Prospectus

Fund Facts

For information on the Fund’s current investments, please see the latest fact sheet available on the literature tab above.
 

Launch Date
Fund managers (start date)
Sharukh Malik (30/06/2020)
Edmund Harriss (15/12/2015)
Benchmark
MSCI Golden Dragon Index
IA sector
IA China & Greater China
Structure
OEIC (UCITS)
Domicile
Ireland
Underlying currency
US Dollar
Pricing
Daily, forwards
Valuation
2300 Dublin time
Deal cut off time
1500 Dublin time
Administrator
Link Fund Administrators (Ireland) Ltd
Custodian
Brown Brothers Harriman
UK Reporting Fund status
Yes
ISA Eligible
Yes

Share Classes

For full information on the share classes available for investment please refer to the Key Investor Information document.

 

Class OCF current Max Initial Charge Min Investment ISIN SEDOL Bloomberg
C EUR ACC 1.99% 5.00% 0 IE00BZ08YS42 BZ08YS4 GUBOCCE ID
C GBP ACC 1.99% 5.00% 0 IE00BZ08YR35 BZ08YR3 GUBOCCG ID
C USD ACC 1.99% 5.00% 0 IE00BZ08YT58 BZ08YT5 GUBOCCU ID
I USD Acc 0.89% 0.00% 10000000 IE00BMYPNC70 BMYPNC7 GUBCHIU ID
Y EUR ACC 0.89% 5.00% 0 IE00BZ08YW87 BZ08YW8 GUBOCXE ID
Y GBP ACC 0.89% 5.00% 0 IE00BZ08YV70 BZ08YV7 GUBOCXG ID
Y USD ACC 0.89% 5.00% 0 IE00BZ08YX94 BZ08YX9 GUBOCXU ID
Z GBP ACC 0.35% 0.00% 0 IE00BZ08YY02 BZ08YY0 GUBOCZG ID

Share Prices

The Funds are priced every working day at 23.00 Dublin time and updated here the following day.

 

Fund name Isin Fund price (+/-) Date
GUINNESS GLOBAL EQUITY INCOME FUND D USD DISTRIBUTION IE00B3QG6N78 17.0444 0.4955 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND C USD DISTRIBUTION IE00B42XCP33 16.0921 0.4676 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND C GBP DISTRIBUTION IE00B3PB1722 22.1133 0.4085 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND D EUR DISTRIBUTION IE00B66B5L40 23.0206 0.3528 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND Z GBP DISTRIBUTION IE00B754QH41 25.6853 0.4753 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQF631 22.2383 0.3405 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNV92 20.5478 0.3796 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNW00 15.6788 0.4556 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y EUR ACCUMULATION IE00BVYPNZ31 17.9864 0.2759 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BVYPP024 14.661 0.2249 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y GBP ACCUMULATION IE00BVYPNY24 22.1623 0.41 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BVYPP131 18.1013 0.3348 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y USD ACCUMULATION IE00BVYPNX17 16.9121 0.4919 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y USD DISTRIBUTION IE00BVYPP248 13.7733 0.4006 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND C EUR DISTRIBUTION IE00BDGV0183 14.1168 0.2161 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND D EUR ACCUMULATION IE00BDGV0290 16.8159 0.2577 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND I USD DISTRIBUTION IE00BGK8P991 12.326 0.3584 04/10/2022
GUINNESS GLOBAL EQUITY INCOME FUND I USD ACCUMULATION IE00BJBK7883 11.4544 0.3331 04/10/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C USD ACCUMULATION IE00B3QW5Z07 18.0042 0.8365 04/10/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C GBP ACCUMULATION IE00B64PRP62 24.8058 0.8946 04/10/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y EUR ACCUMULATION IE00B68GW162 26.1325 0.8623 04/10/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y USD ACCUMULATION IE00B3NSFR34 19.8874 0.9247 04/10/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y GBP ACCUMULATION IE00B7MJHM43 29.6414 1.07 04/10/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C EUR ACCUMULATION IE00BGHQF748 15.927 0.525 04/10/2022
GUINNESS GLOBAL MONEY MANAGERS FUND I USD ACCUMULATION IE00BMYPMW02 9.9454 0.4625 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDW50 14.9704 0.5003 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Z GBP DISTRIBUTION IE00BGHQF300 13.6943 0.5007 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNS63 15.1075 0.5517 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNT70 11.5479 0.5418 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP ACCUMULATION IE00BYVHVZ98 11.3263 0.4139 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BYVHWJ06 9.8198 0.3589 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYVHW019 11.5349 0.3858 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYVHW126 9.9916 0.3342 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y USD ACCUMULATION IE00BYVHW233 9.3662 0.4396 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y USD DISTRIBUTION IE00BYVHW340 8.0876 0.3796 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN382 8.8663 0.4161 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN499 8.3805 0.3933 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C EUR DISTRIBUTION IE000AHX6WT2 8.1272 0.2716 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C GBP DISTRIBUTION IE000N9K9CQ4 8.3554 0.305 04/10/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C USD DISTRIBUTION IE000RAMYLN7 6.8242 0.3201 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDM52 18.064 0.0463 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQDV44 15.1006 0.0876 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNP33 15.501 0.0894 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNQ40 11.8261 0.195 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BDHSRG22 11.7827 0.0306 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BDHSRH39 9.6608 0.025 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BDHSRD90 12.1784 0.0706 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BDHSRF15 10.0039 0.058 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BDHSRJ52 10.7376 0.1774 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BDHSRK67 8.7964 0.1453 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN051 8.5365 0.141 04/10/2022
GUINNESS ASIAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN168 8.0553 0.1331 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND C GBP ACCUMULATION IE00BQXX3C00 23.0172 0.5496 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND C EUR ACCUMULATION IE00BQXX3D17 20.6442 0.4281 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND C USD ACCUMULATION IE00BQXX3F31 16.4059 0.5644 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND Y GBP ACCUMULATION IE00BQXX3K83 24.9513 0.5965 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND Y EUR ACCUMULATION IE00BQXX3L90 22.3547 0.4642 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND Y USD ACCUMULATION IE00BQXX3M08 17.8326 0.614 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND Z GBP ACCUMULATION IE00BQXX3N15 25.4042 0.6074 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND Z EUR ACCUMULATION IE00BQXX3P39 22.7755 0.473 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND Z USD ACCUMULATION IE00BQXX3Q46 18.1068 0.6236 04/10/2022
GUINNESS GLOBAL INNOVATORS FUND I USD ACCUMULATION IE00BMYPNG19 8.5812 0.2955 04/10/2022
GUINNESS BEST OF CHINA FUND CLASS C EUR ACCUMULATION IE00BZ08YS42 12.5822 -0.1132 04/10/2022
GUINNESS BEST OF CHINA FUND CLASS C GBP ACCUMULATION IE00BZ08YR35 15.1496 -0.0873 04/10/2022
GUINNESS BEST OF CHINA FUND CLASS C USD ACCUMULATION IE00BZ08YT58 11.4875 0.0585 04/10/2022
GUINNESS BEST OF CHINA FUND CLASS Y EUR ACCUMULATION IE00BZ08YW87 13.3395 -0.1196 04/10/2022
GUINNESS BEST OF CHINA FUND CLASS Y GBP ACCUMULATION IE00BZ08YV70 16.0446 -0.0919 04/10/2022
GUINNESS BEST OF CHINA FUND CLASS Y USD ACCUMULATION IE00BZ08YX94 12.1367 0.0622 04/10/2022
GUINNESS BEST OF CHINA FUND CLASS Z GBP ACCUMULATION IE00BZ08YY02 16.5294 -0.0944 04/10/2022
GUINNESS BEST OF CHINA FUND I USD ACCUMULATION IE00BMYPNC70 7.3009 0.0374 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD ACCUMULATION IE00BYV24P56 11.5207 0.2297 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP ACCUMULATION IE00BYV24Q63 13.0892 0.1215 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BYV24R70 10.9305 0.1015 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYV24S87 12.7831 0.0779 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYV24T94 10.6625 0.0649 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD ACCUMULATION IE00BYV24V17 12.1783 0.2432 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD DISTRIBUTION IE00BYV24W24 10.147 0.2025 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Z GBP DISTRIBUTION IE00BYV24X31 11.2411 0.1045 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR ACCUMULATION IE00BMCWC346 10.0923 0.0611 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP ACCUMULATION IE00BMCWC239 9.7143 0.0899 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPND87 8.4261 0.1682 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPNF02 7.9487 0.1587 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR DISTRIBUTION IE0009746VI0 8.8456 0.0536 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP DISTRIBUTION IE000UPHOYQ6 9.0889 0.0841 04/10/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD DISTRIBUTION IE000XFJTUO9 7.427 0.148 04/10/2022
GUINNESS BEST OF ASIA FUND C GBP ACCUMULATION IE00BF2VFX37 10.0297 0.0787 04/10/2022
GUINNESS BEST OF ASIA FUND Y GBP ACCUMULATION IE00BF2VFY44 10.5281 0.083 04/10/2022
GUINNESS BEST OF ASIA FUND Y EUR ACCUMULATION IE00BF2VFZ50 10.7035 0.0503 04/10/2022
GUINNESS BEST OF ASIA FUND Y USD ACCUMULATION IE00BF2VG076 8.935 0.1661 04/10/2022
GUINNESS BEST OF ASIA FUND Z GBP ACCUMULATION IE00BF2VG183 10.6611 0.0841 04/10/2022
GUINNESS BEST OF ASIA FUND I USD ACCUMULATION IE00BMYPN275 7.7543 0.1441 04/10/2022
GUINNESS BEST OF ASIA FUND C EUR ACCUMULATION IE000IYIWG07 8.1993 0.0382 04/10/2022
GUINNESS BEST OF ASIA FUND C USD ACCUMULATION IE0004NN3YY8 6.8986 0.128 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND C GBP ACCUMULATION IE00BG5QQP10 12.5114 0.2216 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND C EUR ACCUMULATION IE00BG5QQQ27 12.9157 0.1884 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND C EUR HEDGED ACCUMULATION IE00BG5QQR34 10.9536 0.1927 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND C USD ACCUMULATION IE00BG5QQS41 11.2475 0.3185 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND C USD HEDGED ACCUMULATION IE00BG5QRJ25 11.4893 0.2039 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND O GBP ACCUMULATION IE00BG5QRK30 12.9146 0.2292 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND O EUR ACCUMULATION IE00BG5QRL47 13.3376 0.1949 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND O EUR HEDGED ACCUMULATION IE00BG5QRM53 11.2723 0.1986 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND O USD ACCUMULATION IE00BG5QRN60 11.6103 0.329 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND O USD HEDGED ACCUMULATION IE00BG5QRP84 11.776 0.2095 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND R GBP ACCUMULATION IE00BG5QRQ91 12.4186 0.22 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND R EUR ACCUMULATION IE00BG5QRR09 12.823 0.187 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND R EUR HEDGED ACCUMULATION IE00BG5QRS16 10.8745 0.1912 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND R USD ACCUMULATION IE00BG5QRT23 11.1552 0.3157 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND R USD HEDGED ACCUMULATION IE00BG5QRV45 11.4191 0.2027 04/10/2022
GUINNESS MULTI-ASSET GROWTH FUND Y GBP ACCUMULATION IE00BG5QRW51 13.0811 0.2322 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND C GBP ACCUMULATION IE00BG5QQV79 12.1066 0.1651 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND C EUR ACCUMULATION IE00BG5QQW86 12.4982 0.1312 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND C EUR HEDGED ACCUMULATION IE00BG5QQX93 10.708 0.1448 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND C USD ACCUMULATION IE00BG5QQY01 10.8834 0.2643 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND C USD HEDGED ACCUMULATION IE00BG5QQZ18 11.2037 0.1528 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND O GBP ACCUMULATION IE00BG5QR034 12.497 0.1708 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND O EUR ACCUMULATION IE00BG5QR141 12.9044 0.1358 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND O EUR HEDGED ACCUMULATION IE00BG5QR257 11.0319 0.1495 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND O USD ACCUMULATION IE00BG5QR364 11.2336 0.273 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND O USD HEDGED ACCUMULATION IE00BG5QR471 11.5447 0.1577 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND R GBP ACCUMULATION IE00BG5QR588 12.0142 0.1638 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND R EUR ACCUMULATION IE00BG5QR695 12.4071 0.1299 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND R EUR HEDGED ACCUMULATION IE00BG5QR703 10.6437 0.1439 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND R USD ACCUMULATION IE00BG5QR810 10.7925 0.262 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND R USD HEDGED ACCUMULATION IE00BG5QR927 11.1827 0.1524 04/10/2022
GUINNESS MULTI-ASSET BALANCED FUND Y GBP ACCUMULATION IE00BG5QRB49 12.6522 0.173 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z USD ACCUMULATION IE00BN0W3529 9.3499 0.3249 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z GBP ACCUMULATION IE00BN0W3305 10.9928 0.2662 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z EUR ACCUMULATION IE00BN0W3412 11.4147 0.2405 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I GBP ACCUMULATION IE00BN0W2X30 10.9348 0.2646 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I EUR ACCUMULATION IE00BN0W2Y47 11.3599 0.2394 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I USD ACCUMULATION IE00BN0W2Z53 9.3039 0.3231 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y GBP ACCUMULATION IE00BN0W3073 10.937 0.2647 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y EUR ACCUMULATION IE00BN0W3180 11.3606 0.2393 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y USD ACCUMULATION IE00BN0W3297 9.3058 0.3232 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C GBP ACCUMULATION IE00BN0W2T93 10.7252 0.2592 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C EUR ACCUMULATION IE00BN0W2V16 11.1405 0.2344 04/10/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C USD ACCUMULATION IE00BN0W2W23 9.1277 0.3168 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND D USD ACCUMULATION IE00B2PGVJ29 4.836 0.1742 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND C USD ACCUMULATION IE00B2PGVK34 4.4905 0.1617 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND C GBP ACCUMULATION IE00B3CCJ633 9.0913 0.2318 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND D EUR ACCUMULATION IE00B3CCJ740 9.0823 0.2031 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND C EUR ACCUMULATION IE00BGHQF417 18.285 0.4089 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND Y GBP ACCUMULATION IE00BFYV9L73 23.2967 0.5947 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND Y EUR ACCUMULATION IE00BFYV9M80 23.6445 0.5294 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND Y USD ACCUMULATION IE00BFYV9N97 18.9208 0.6819 04/10/2022
GUINNESS SUSTAINABLE ENERGY FUND I USD ACCUMULATION IE00BMYPNB63 10.0198 0.3611 04/10/2022
GUINNESS GLOBAL ENERGY FUND D USD ACCUMULATION IE00B2Q91T05 7.9533 0.2994 04/10/2022
GUINNESS GLOBAL ENERGY FUND C USD ACCUMULATION IE00B2Q91V27 7.4845 0.2817 04/10/2022
GUINNESS GLOBAL ENERGY FUND C GBP ACCUMULATION IE00B3CCJ963 12.0829 0.3279 04/10/2022
GUINNESS GLOBAL ENERGY FUND D EUR ACCUMULATION IE00B3CCJB88 12.0694 0.2899 04/10/2022
GUINNESS GLOBAL ENERGY FUND Y USD ACCUMULATION IE00B3CCJC95 8.5898 0.3235 04/10/2022
GUINNESS GLOBAL ENERGY FUND Y GBP ACCUMULATION IE00B6XV0016 11.7133 0.3182 04/10/2022
GUINNESS GLOBAL ENERGY FUND C EUR ACCUMULATION IE00BGHQF524 9.4892 0.2278 04/10/2022
GUINNESS GLOBAL ENERGY FUND Y USD DISTRIBUTION IE00BG6L7638 6.5561 0.2469 04/10/2022
GUINNESS GLOBAL ENERGY FUND Y EUR ACCUMULATION IE00BFMGVR44 10.9028 0.2621 04/10/2022
GUINNESS GLOBAL ENERGY FUND I USD ACCUMULATION IE00BMYPN507 16.9202 0.6372 04/10/2022
TB Guinness UK Equity Income Fund O Overseas Income GB00BYX94G55 73.99 -0.01 04/08/2022
TB Guinness UK Equity Income Fund O Overseas Accumulation GB00BYX94F49 91.23 -0.03 04/08/2022
TB Guinness UK Equity Income Fund Y Clean Income GB00BYX94J86 78.96 -0.01 04/08/2022
TB Guinness UK Equity Income Fund Y Clean Accumulation GB00BYX94H62 96.61 -0.03 04/08/2022
TB Guinness UK Equity Income Fund Z Early Investor Income GB00BYX94L09 79.61 -0.02 04/08/2022
TB Guinness UK Equity Income Fund Z Early Investor Accumulation GB00BYX94K91 97.65 -0.02 04/08/2022
TB Guinness Global Equity Income Fund Y Income GBP GB00BNGFN669 127.45 1.28 04/08/2022
TB Guinness Global Equity Income Fund Y Accumulation GBP GB00BNGFN776 133 1.35 04/08/2022
TB Guinness Asian Equity Income Fund Y Income GBP GB00BMFKG774 91.21 0.74 04/08/2022
TB Guinness Asian Equity Income Fund Y Accumulation GBP GB00BMFKG667 96.02 0.78 04/08/2022
14 October 2022

Guinness Best of China Fund - Webcast - Covering Q3 2022

Date: Oct 14, 2022 02:00 PM [GMT+1] Sharukh Malik
19 July 2022

Guinness Best of China Fund - Webcast - Covering Q2 2022

Date: Jul 19, 2022 03:00 PM [GMT+1] Sharukh Malik
7 April 2022

Guinness Best of China Fund - Webcast - Covering Q1 2022

Date: Apr 22, 2022 03:00 PM [GMT+1] Sharukh Malik & Edmund Harriss
16 February 2022

2022 Investor Conference - Guinness Best of China

Sharukh Malik
31 January 2022

Gallery: Outlook for China in the Year of the Tiger

As we enter the Year of the Tiger, Sharukh Malik, Guinness of Best of China Fund manager gives his…
19 January 2022

Guinness Best of China - Webcast - Covering Q4 2021

Sharukh Malik & Edmund Harriss
19 October 2021

Guinness Best of China - Webcast - Covering Q3 2021

Sharukh Malik & Edmund Harriss
12 July 2018

The Reality of Tariffs

The Guinness Asian Equities team assess the impact of the recently imposed tariffs
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