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Guinness China A Share Fund

The Guinness China A Share strategy invests in quality, profitable companies exposed to the structural growth themes we have identified in the China A share market. 

Overview

The Guinness China A Share strategy invests in quality, profitable companies exposed to the structural growth themes we have identified in the China A share market. These themes are built upon changes we have seen in incomes, demographics, production advances and the application of technology in consumer, industrial and infrastructure settings. 

The fund managers believe the A share market offers wider choices with more focused and liquid exposure to these themes and sub-themes, than can be found through stocks listed in Hong Kong and overseas, albeit with a different risk profile. They also believe an active approach, incorporating systematic analysis of risk as well as return, is more likely to lead to better investment outcomes than the adoption of a passive strategy.
 
The Guinness China A Share Fund consists of a concentrated portfolio of 30 companies that are well governed, financially sound and operationally efficient to enable them to translate a leading market position into profits and crucially, cash. Companies must fit into the structural thematic framework to enter the investable universe.  They must also generate a return on capital above the cost of capital, have debt of no more than 150% of the value of their equity, and be of a minimum $500m market capitalisation. 
 
The Guinness China A Share Fund offers dedicated exposure to the trends below:

  • Our expectation that China A shares will take up a rising weight in global benchmarks over the long-term. This implies greater demand for China A shares over time. Low correlation to developed markets, which is attractive given rising interest rates in developed markets.
  • Inefficiencies in the China A share market, which is still driven by retail investors. Currently, we believe retail investors are too pessimistic, which is a good time to enter the market. 
  • Low foreign participation in the China A share market, allowing investors to take exposure now before foreign investors significantly increase their allocation to the market.  

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 aim to make it simple to invest in our funds. All our funds are open to direct investment via an application form. They are widely available on investment platforms and are eligible for UK investors’ ISAs and SIPPs.

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Factsheets

 

 

Fund English French German Spanish Italian
Guinness China A Share Fund Download

Updates

 

 

Document
Guinness China A Share Fund
September 2023
Document
Guinness China A Share Fund
July 2023
Document
Guinness China A Share Fund
September 2023
Guinness China A Share Fund
August 2023
Guinness China A Share Fund
July 2023
Guinness China A Share Fund
June 2023
Guinness China A Share Fund
May 2023

KIIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness China A Share Fund C EUR Acc IE0001VD9PN1
Guinness China A Share Fund C GBP Acc IE0006BWJJW3
Guinness China A Share Fund C USD Acc IE0005HP3H50
Guinness China A Share Fund I USD Acc IE000IQ9D569
Guinness China A Share Fund Y CNH Acc IE0002QAMMW4
Guinness China A Share Fund Y EUR Acc IE000RSR0322
Guinness China A Share Fund Y GBP Acc IE000I0OL207
Guinness China A Share Fund Y USD Acc IE000JCEKTR0
Guinness China A Share Fund Z GBP Acc IE0003ZZUKD7
Guinness China A Share Fund Z EUR Acc IE0001MJJCX1
Guinness China A Share Fund Z USD Acc IE000RSN6JG6

KIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness China A Share Fund Y EUR Acc IE000RSR0322
Guinness China A Share Fund Y GBP Acc IE000I0OL207
Guinness China A Share Fund I USD Acc IE000IQ9D569
Guinness China A Share Fund C GBP Acc IE0006BWJJW3
Guinness China A Share Fund Y USD Acc IE000JCEKTR0
Guinness China A Share Fund Y CNH Acc IE0002QAMMW4
Guinness China A Share Fund C USD Acc IE0005HP3H50
Guinness China A Share Fund C EUR Acc IE0001VD9PN1

Documents

 

 

Document

Guinness Asset Management Funds plc - UK Reporting Fund Status 2022

Fund Supplement

Guinness Asset Management Funds plc - Prospectus

China A Share Fund - Sustainability-Related Disclosures

Asian & EM - Approach to Responsible Investment and ESG

Guinness Asset Management Funds plc - Application Form

Guinness Asset Management Funds plc - Target Market Assessment

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 (09/03/2023)
Edmund Harriss (09/03/2023)
Benchmark
MSCI China A Onshore Index
IA sector
TBC
Structure
OEIC (UCITS)
Domicile
Ireland
Underlying currency
CNH
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% - IE0001VD9PN1 BMH8LN0 TBC
C GBP Acc 1.99% 5.00% - IE0006BWJJW3 BMH8LM9 TBC
C USD Acc 1.99% 5.00% - IE0005HP3H50 BMH8LP2 TBC
I USD Acc 0.89% 0.00% 10,000,000 IE000IQ9D569 BMH8LQ3 TBC
Y CNH Acc 0.89% 5.00% - IE0002QAMMW4 BMH8LT6 TBC
Y EUR Acc 0.89% 5.00% - IE000RSR0322 BMH8LS5 TBC
Y GBP Acc 0.89% 5.00% - IE000I0OL207 BMH8LR4 TBC
Y USD Acc 0.89% 5.00% - IE000JCEKTR0 BMH8LV8 TBC
Z EUR Acc 0.35% 0.00% - IE0001MJJCX1 BKS8ZR7 TBC
Z GBP Acc 0.35% 0.00% - IE0003ZZUKD7 BMH8LW9 TBC
Z USD Acc 0.35% 0.00% - IE000RSN6JG6 BKS8ZS8 TBC

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
TB GUINNESS ASIAN EQUITY INCOME FUND Y INCOME GBP GB00BMFKG774 89.87 0.26 29/09/2023
TB GUINNESS ASIAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BMFKG667 99.23 0.3 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Y INCOME GBP GB00BP5J6N11 105.21 1.92 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BP5J6M04 108.03 1.97 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Z INCOME GBP GB00BP5J6Q42 105.56 1.92 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Z ACCUMULATION GBP GB00BP5J6P35 108.47 1.98 29/09/2023
TB GUINNESS GLOBAL EQUITY INCOME FUND Y INCOME GBP GB00BNGFN669 130.82 0.77 29/09/2023
TB GUINNESS GLOBAL EQUITY INCOME FUND Y ACCUMULATION GBP GB00BNGFN776 139.76 0.81 29/09/2023
TB GUINNESS GLOBAL INNOVATORS FUND Y ACCUMULATION GBP GB00BP5J5Y50 120.78 1.01 29/09/2023
TB GUINNESS SUSTAINABLE ENERGY FUND Y ACCUMULATION GBP GB00BP5J6198 89.96 0.87 29/09/2023
TB GUINNESS SUSTAINABLE ENERGY FUND Z ACCUMULATION GBP GB00BP5J6206 90.1 0.87 29/09/2023
TB GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y ACCUMULATION GBP GB00BP5J7C70 101.91 1.39 29/09/2023
TB GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z ACCUMULATION GBP GB00BP5J7D87 102.27 1.39 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND O OVERSEAS INCOME GB00BYX94G55 69.26 1.21 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND O OVERSEAS ACCUMULATION GB00BYX94F49 89.18 1.54 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Y CLEAN INCOME GB00BYX94J86 74.66 1.3 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Y CLEAN ACCUMULATION GB00BYX94H62 95.58 1.67 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR INCOME GB00BYX94L09 75.49 1.31 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR ACCUMULATION GB00BYX94K91 96.83 1.69 29/09/2023