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Guinness Global Equity Income Fund

Overview

The Guinness Global Equity Income strategy is designed to provide income and capital growth by investing in companies that can pay sustainable, growing dividends

Amid persistently low interest rates, dividend-paying equities offer an attractive combination of liquidity and yield. While the potential for income is important for many investors, the case for global equity income goes much further.

Thanks to the power of compounding, re-invested dividends make a gradual but potent contribution to long-term returns. Historic equity market returns show that over long timeframes this rises to significantly over 50 per cent. In periods of low growth this can be even more striking. The 1940s and 1970s, for example, were periods defined by some combination of sluggish economic growth, rising inflation, and high unemployment. During these decades dividends accounted for over 75 per cent of the total returns of the S&P500.

The effect of dividends is apparent when comparing historic long-term returns of stocks which pay dividends with those that have not. Not only have dividend-payers outperformed on average, but dividend-growers and initiators have outperformed further still.

In addition to the compounding effect, part of the reason for this lies in the nature of dividend-paying companies. First, a history of paying a dividend – which unlike many accounting figures is a ‘hard’ cash payment – can indicate past value creation by a company. Moreover, a long history of paying dividends can instil capital discipline in company management. A commitment to a dividend leaves no room for vanity projects or frivolous uses of shareholders’ capital. A focused management team that uses the cash available to them efficiently is central to creating a well-run (and profitable) company that is able to grow and thrive in the future.

The array of companies around the world paying dividends has increased significantly in recent years. Investors can now find a range of dividend-paying companies giving genuine global diversification and exposure to a healthy range of industries in a portfolio.

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.
 

MORTIMER

Dr Ian Mortimer

Portfolio Manager, Global Team

Matt Page

Matthew Page

Portfolio Manager, Global Team

Sagar Thanki

Sagar Thanki

Investment Analyst, Global Team

Joe Stephens

Joseph Stephens

Investment Analyst, Global Team

weyden

William van der Weyden

Investment Analyst, Global Team

Awards & Ratings

We have a firm commitment to delivering the very best. That commitment is reflected in the awards we have received, some of which are shown below.

 


 

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Refinitiv Lipper Fund Award

Guinness Global Equity Income Fund

Refinitiv UK Lipper Fund Awards 2021
Best Fund over 10 Years - Global Equity Income

 

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Investment Week

Guinness Global Equity Income Fund

Finalist - IW Fund Manager of the Year Awards 2020
Global Income

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Elite Rated

Guinness Global Equity Income Fund

Elite Rated Fund
FundCalibre

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RSMR

Guinness Global Equity Income Fund

Rated Fund
RSMR

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portfolio adviser

Guinness Global Equity Income Fund

Gold Award
Portfolio Adviser - International Equity Income

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Lipper

Guinness Global Equity Income Fund

BEST FUND OVER 3 YEARS
Equity Sector Global Income

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scope-de

Guinness Global Equity Income Fund

A-Rated Fund (Germany)
Scope

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scope-at

Guinness Global Equity Income Fund

A-Rated Fund (Austria)
Scope

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scope-sw

Guinness Global Equity Income Fund

A-Rated Fund (Switzerland)
Scope

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

Our approach to investing in dividend-paying companies is to focus on companies that can sustainably grow their dividend into the future, rather than simply looking for companies with a high dividend yield. Consistent high return on capital is a good indicator of a company’s ability to pay healthy dividends and so we invest in companies that are unusually consistent in generating returns on capital above their cost of capital.

We focus on ‘bottom-up’ stock selection rather than trying to make decisions based on an expected outlook for the world economy. We like to invest in good companies that have, in the short term, fallen out of favour, but that have previously shown an ability to weather most economic environments over time. We prefer to invest over the long term. We also recognise the increased costs of trading in and out of companies unnecessarily. Typically we will hold a company for between 3 and 5 years in a portfolio of 35 companies, with equal amounts invested in each.

Why invest in the Guinness Global Equity Income Fund?

The Fund is designed to provide investors with exposure to global equities through a high conviction, low turnover portfolio of consistently profitable dividend-paying companies.

The case for a Global Equity Income Fund

How do we run the Fund?

How do we construct the portfolio?

 

Focus on consistent high return on capital

Consistent high return on capital is a good indication of a company’s 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

Our approach to dividend investing is to focus on companies that can sustainably grow their dividend into the future, rather than simply looking for companies with a high dividend yield.
 

High conviction

The Fund typically invests in just 35 companies, with each company having an equal weighting. This provides a good balance between the benefits of diversification while also allowing each company to add meaningfully to performance. We don’t have a long tail of small positions and by definition we can never just ‘hug’ the benchmark index.
 

Fundamentally driven

We focus on ‘bottom-up’ stock selection rather than trying to make decisions based on an expected outlook for the world economy. We like to invest in good companies that have, in the short term, fallen out of favour, but that have previously shown an ability to weather most economic environments over time.
 

Low turnover

We prefer to invest over the long term. We also recognise the increased costs of trading in and out of companies unnecessarily. Typically we will hold a company in the portfolio for between 3 and 5 years.
 

Repeatable and independent

Ian Mortimer and Matthew Page have managed the Fund since launch. They have developed an investment process that is clear, robust, transparent, and scalable. Their approach filters out much of the noise and hype that surrounds companies to focus on the true signals that drive company valuations. By performing their own company research and analysis, using their own proprietary modelling systems, the managers try to avoid some of the behavioural biases associated with being unduly influenced by market sentiment.

The case for a global equity income fund

"Dividends make a gradual but potent contribution to long-term returns."

 

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Dividend growers have outperformed for 30 years

Efficient use of cash is paramount in creating a well-run, profitable company that will thrive. Management discipline is required to maintain dividend growth and can be a signal of a well-run company. Using the example of the US stock market, the evidence for this is clear in the returns of dividend paying and non-dividend paying companies over the last forty years. It is also informative to note that companies that cut their dividend were the worst performing group over this period –illustrating that not all dividend-paying companies are created equal.

Power of compounding

For investors, reinvesting dividends delivers a significant proportion of your total return. And in periods of low growth this can be even more striking. The 1940s and 1970s, for example, were periods defined by some combination of sluggish economic growth, rising inflation, and high unemployment. During these decades dividends accounted for over 75% of the total returns of the S&P500.z
 

Dividends can protect against inflation

Looking again at the US as an example, dividends in the US stock market have grown at an average 6% per year since the 1940s, while inflation grew at 4%. Investing in dividend-paying companies can protect against inflation over long periods: the income received in dividend payments has grown in line or at a higher rate than inflation.
 

Global diversity

The array of stocks around the world paying dividends has increased significantly in the last decade. We can now invest in a basket of dividend-paying companies that gives you genuine global diversity and exposure to a healthy range of industries in your portfolio. In contrast, just six companies now account for over 40% of all dividend payments in the UK.

How do we run the Fund?

“We don’t chase yield, we want capital and dividend growth.”

Although the Fund is designed to invest in dividend-paying companies, our starting point in selecting our investment universe is to identify companies with consistently high return on capital. Specifically we look at companies that have a return on capital of greater than 10% in each of the previous ten years.

Our analysis shows that companies with persistently high return on capital are highly likely to continue to do so in the future – meaning they will continue to create shareholder value.

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TEAM

Why 10% and why ten years?

10% return on capital…
10% is well above the average real cost of capital of 6%. This means companies who achieve this level are truly creating value for their shareholders.

…every year…
Consistency each year excludes highly cyclical companies or those with high but declining or volatile earnings.

…for ten years
Because business cycles tend to last less than ten years, the companies in our investible universe have shown they can weather most economic environments.

On average, only 3% of global listed companies achieve our threshold. We then exclude those less than $1 billion in size or with a debt to equity ratio greater than 1. This gives us a pool of around 400 companies from which to build our portfolio.
 

“It's a rare achievement for a company to meet our investment criteria and we think it shows a mark of genuine quality. And this is where our portfolio starts – consistent high return on capital.”

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What about yield?

Companies that earn a consistent high return on capital often distribute a proportion of cash they create in the form of a dividend. In the Fund, however, we focus on those companies that can sustainably grow their dividend into the future.

From this pool we then select candidates for extended research on the basis of value and sentiment. In depth proprietary modelling of a company’s cash flow, capital budgeting and potential for dividend growth is combined with a subjective analysis of its business model to identify candidates for inclusion in the final portfolio.

By selecting companies from a broad range of industries, countries, and market capitalisation we aim to create a well-diversified portfolio which can provide a reasonable dividend yield and growing income stream at an attractive valuation relative to the broad market.

    Sell discipline

    It is often easier to find companies to buy that look cheap than it is to identify those companies you own which should be sold. We consider sell discipline as important as selecting companies for purchase and continuously monitor the companies we hold in the Fund. The six core reasons we may sell a company are outlined below.

    1. The company fails to continue to meet our return on capital criteria
    2. The valuation becomes too rich
    3. The balance sheet becomes stretched
    4. The dividend outlook or management policy to dividends changes unfavourably
    5. The original investment thesis no longer holds
    6. Yield contribution to the portfolio is insufficient

     

    How do we construct the portfolio

    The Guinness Global Equity Income Fund is a concentrated portfolio of around 35 equally weighted stocks. This provides a number of useful attributes:
     

    Reduced Risk

    It reduces stock-specific risk, as we will not be overweight in a small number of favourite companies.
     

    High Performance

    We will not have a long tail of small holdings in the portfolio, which can be a distraction and a potential drag on performance.
     

    Independent

    We are truly index independent. All companies held are weighted equally without regard to their weighting in the benchmark index leading the portfolio to have a high active weight.
     

    Discipline

    It instills 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. 

    Factsheets

     

     

    Fund English French German Spanish Italian English UK RDR
    Guinness Global Equity Income Fund Download Download Download Download Download Download

    Monthly Updates

     

     

     

    Document
    Guinness Global Equity Income Fund
    December 2021
    Document
    Guinness Global Equity Income Fund
    October 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    July 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    April 2021
    Document
    Guinness Global Equity Income Fund
    December 2021
    Guinness Global Equity Income Fund
    November 2021
    Guinness Global Equity Income Fund
    October 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    September 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    August 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    July 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    June 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    May 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    April 2021
    Guinness Global Equity Income Fund
    March 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    February 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    January 2021

    KIIDS

    Fund Class ISIN English French German Spanish Italian Swedish Finnish
    Guinness Global Equity Income Fund C EUR Acc IE00BGHQF631 Download Download Download Download Download Download Download
    Guinness Global Equity Income Fund C EUR Dist IE00BDGV0183 Download Download Download Download Download Download Download
    Guinness Global Equity Income Fund C GBP Acc IE00BVYPNV92 Download Download Download Download Download Download
    Guinness Global Equity Income Fund C GBP Dist IE00B3PB1722 Download Download Download Download Download Download
    Guinness Global Equity Income Fund C USD Acc IE00BVYPNW00 Download Download Download Download Download Download
    Guinness Global Equity Income Fund C USD Dist IE00B42XCP33 Download Download Download Download Download Download
    Guinness Global Equity Income Fund D EUR Acc IE00BDGV0290 Download Download Download Download Download Download Download
    Guinness Global Equity Income Fund D EUR Dist IE00B66B5L40 Download Download Download Download Download Download Download
    Guinness Global Equity Income Fund D USD Dist IE00B3QG6N78 Download Download Download Download Download Download
    Guinness Global Equity Income Fund I USD Acc IE00BJBK7883 Download Download Download Download Download Download Download
    Guinness Global Equity Income Fund I USD Dist IE00BGK8P991 Download Download Download Download Download Download
    Guinness Global Equity Income Fund Y EUR Acc IE00BVYPNZ31 Download Download Download Download Download Download Download
    Guinness Global Equity Income Fund Y EUR Dist IE00BVYPP024 Download Download Download Download Download Download Download
    Guinness Global Equity Income Fund Y GBP Acc IE00BVYPNY24 Download Download Download Download Download Download
    Guinness Global Equity Income Fund Y GBP Dist IE00BVYPP131 Download Download Download Download Download Download
    Guinness Global Equity Income Fund Y USD Acc IE00BVYPNX17 Download Download Download Download Download Download
    Guinness Global Equity Income Fund Y USD Dist IE00BVYPP248 Download Download Download Download Download Download
    Guinness Global Equity Income Fund Z GBP Dist IE00B754QH41 Download Download Download Download Download Download

    Documents

     

     

    Document

    Funds - Prospectus

    Long-only Application Form

    Fund Supplement

    Redemption Form

    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)
    Ian Mortimer (31/12/2010)
    Matthew Page (31/12/2010)
    Benchmark
    MSCI World Index
    IA sector
    IA Global Equity Income
    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 1.80% 5% €0 IE00BGHQF631 BGHQF63 GUGLECE ID
    C EUR Dist 1.80% 5% €0 IE00BDGV0183 BDGV018 GUGLCED ID
    C GBP Acc 1.80% 5% £0 IE00BVYPNV92 BVYPNV9 GUGCGBA ID
    C GBP Dist 1.80% 5% £0 IE00B3PB1722 B3PB172 GUGLEIC ID
    C USD Acc 1.80% 5% $0 IE00BVYPNW00 BVYPNW0 GUGCUSA ID
    C USD Dist 1.80% 5% $0 IE00B42XCP33 B42XCP3 GUGLEIB ID
    D EUR Acc 1.30% 5% €0 IE00BDGV0290 BDGV029 GUGLDEA ID
    D EUR Dist 1.30% 5% €0 IE00B66B5L40 B66B5L4 GUGLEID ID
    D USD Dist 1.30% 5% $0 IE00B3QG6N78 B3QG6N7 GUGLEIA ID
    I USD Acc 0.99% 0% $10,000,000 IE00BJBK7883 BJBK788 GUGEIMU ID
    I USD Dist 0.99% 0% $10,000,000 IE00BGK8P991 BGK8P99 GUGEIMD ID
    Y EUR Acc 0.80% 5% €0 IE00BVYPNZ31 BVYPNZ3 GUGYEUA ID
    Y EUR Dist 0.80% 5% €0 IE00BVYPP024 BVYPP02 GUGYEUD ID
    Y GBP Acc 0.80% 5% £0 IE00BVYPNY24 BVYPNY2 GUGYGBA ID
    Y GBP Dist 0.80% 5% £0 IE00BVYPP131 BVYPP13 GUGYGBD 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 Dist IE00B3QG6N78 20.6212 20.5698 14/01/2022
    Guinness Global Equity Income Fund C USD Dist IE00B42XCP33 19.5398 19.4909 14/01/2022
    Guinness Global Equity Income Fund C GBP Dist IE00B3PB1722 22.2691 22.2953 14/01/2022
    Guinness Global Equity Income Fund D EUR Dist IE00B66B5L40 24.1788 24.1755 14/01/2022
    Guinness Global Equity Income Fund Z GBP Dist IE00B754QH41 25.6475 25.6785 14/01/2022
    Guinness Global Equity Income Fund C EUR Acc IE00BGHQF631 23.1218 23.1184 14/01/2022
    Guinness Global Equity Income Fund C GBP Acc IE00BVYPNV92 20.4176 20.4416 14/01/2022
    Guinness Global Equity Income Fund C USD Acc IE00BVYPNW00 18.7642 18.7172 14/01/2022
    Guinness Global Equity Income Fund Y EUR Acc IE00BVYPNZ31 18.5662 18.5639 14/01/2022
    Guinness Global Equity Income Fund Y EUR Dist IE00BVYPP024 15.3428 15.3409 14/01/2022
    Guinness Global Equity Income Fund Y GBP Acc IE00BVYPNY24 21.8631 21.8895 14/01/2022
    Guinness Global Equity Income Fund Y GBP Dist IE00BVYPP131 18.097 18.1188 14/01/2022
    Guinness Global Equity Income Fund Y USD Acc IE00BVYPNX17 20.0942 20.0445 14/01/2022
    Guinness Global Equity Income Fund Y USD Dist IE00BVYPP248 16.603 16.5619 14/01/2022
    Guinness Global Equity Income Fund C EUR Dist IE00BDGV0183 14.881 14.8788 14/01/2022
    Guinness Global Equity Income Fund D EUR Acc IE00BDGV0290 17.4209 17.4185 14/01/2022
    Guinness Global Equity Income Fund I USD Dist IE00BGK8P991 14.8784 14.8416 14/01/2022
    Guinness Global Equity Income Fund I USD Acc IE00BJBK7883 13.6288 13.5949 14/01/2022
    Guinness Global Money Managers Fund C USD Acc IE00B3QW5Z07 26.3087 26.1069 14/01/2022
    Guinness Global Money Managers Fund C GBP Acc IE00B64PRP62 30.0955 29.9748 14/01/2022
    Guinness Global Money Managers Fund Y EUR Acc IE00B68GW162 32.8761 32.702 14/01/2022
    Guinness Global Money Managers Fund Y USD Acc IE00B3NSFR34 28.799 28.579 14/01/2022
    Guinness Global Money Managers Fund Y GBP Acc IE00B7MJHM43 35.6386 35.4969 14/01/2022
    Guinness Global Money Managers Fund C EUR Acc IE00BGHQF748 20.2192 20.1115 14/01/2022
    Guinness Global Money Managers Fund I USD Acc IE00BMYPMW02 14.4004 14.2905 14/01/2022
    Guinness European Equity Income Fund C EUR Acc IE00BGHQDW50 17.9764 17.8108 14/01/2022
    Guinness European Equity Income Fund Z GBP Dist IE00BGHQF300 15.9848 15.8593 14/01/2022
    Guinness European Equity Income Fund C GBP Acc IE00BVYPNS63 17.3373 17.2004 14/01/2022
    Guinness European Equity Income Fund C USD Acc IE00BVYPNT70 15.9613 15.777 14/01/2022
    Guinness European Equity Income Fund Y GBP Acc IE00BYVHVZ98 12.895 12.7935 14/01/2022
    Guinness European Equity Income Fund Y GBP Dist IE00BYVHWJ06 11.5074 11.4168 14/01/2022
    Guinness European Equity Income Fund Y EUR Acc IE00BYVHW019 13.7413 13.6151 14/01/2022
    Guinness European Equity Income Fund Y EUR Dist IE00BYVHW126 12.2616 12.149 14/01/2022
    Guinness European Equity Income Fund Y USD Acc IE00BYVHW233 12.8432 12.6953 14/01/2022
    Guinness European Equity Income Fund Y USD Dist IE00BYVHW340 11.4424 11.3107 14/01/2022
    Guinness European Equity Income Fund I USD Acc IE00BMYPN382 12.1568 12.0168 14/01/2022
    Guinness European Equity Income Fund I USD Dist IE00BMYPN499 11.8551 11.7186 14/01/2022
    Guinness European Equity Income Fund C EUR Dist IE000AHX6WT2 10.0532 9.9607 14/01/2022
    Guinness European Equity Income Fund C GBP Dist IE000N9K9CQ4 9.8716 9.7935 14/01/2022
    Guinness European Equity Income Fund C USD Dist IE000RAMYLN7 9.7321 9.6197 14/01/2022
    Guinness Asian Equity Income Fund C EUR Acc IE00BGHQDM52 21.323 21.3137 14/01/2022
    Guinness Asian Equity Income Fund Z GBP Dist IE00BGHQDV44 17.1542 17.1701 14/01/2022
    Guinness Asian Equity Income Fund C GBP Acc IE00BVYPNP33 17.4869 17.5024 14/01/2022
    Guinness Asian Equity Income Fund C USD Acc IE00BVYPNQ40 16.0684 16.0235 14/01/2022
    Guinness Asian Equity Income Fund Y EUR Acc IE00BDHSRG22 13.7982 13.7926 14/01/2022
    Guinness Asian Equity Income Fund Y EUR Dist IE00BDHSRH39 11.5012 11.4965 14/01/2022
    Guinness Asian Equity Income Fund Y GBP Acc IE00BDHSRD90 13.6298 13.6423 14/01/2022
    Guinness Asian Equity Income Fund Y GBP Dist IE00BDHSRF15 11.3768 11.3873 14/01/2022
    Guinness Asian Equity Income Fund Y USD Acc IE00BDHSRJ52 14.4738 14.4338 14/01/2022
    Guinness Asian Equity Income Fund Y USD Dist IE00BDHSRK67 12.0644 12.0311 14/01/2022
    Guinness Asian Equity Income Fund I USD Acc IE00BMYPN051 11.5063 11.4745 14/01/2022
    Guinness Asian Equity Income Fund I USD Dist IE00BMYPN168 11.0479 11.0174 14/01/2022
    Guinness Global Innovators Fund C GBP Acc IE00BQXX3C00 27.1744 27.3737 14/01/2022
    Guinness Global Innovators Fund C EUR Acc IE00BQXX3D17 25.5027 25.6557 14/01/2022
    Guinness Global Innovators Fund C USD Acc IE00BQXX3F31 23.3284 23.4131 14/01/2022
    Guinness Global Innovators Fund Y GBP Acc IE00BQXX3K83 29.2284 29.4437 14/01/2022
    Guinness Global Innovators Fund Y EUR Acc IE00BQXX3L90 27.4007 27.5659 14/01/2022
    Guinness Global Innovators Fund Y USD Acc IE00BQXX3M08 25.1597 25.2518 14/01/2022
    Guinness Global Innovators Fund Z GBP Acc IE00BQXX3N15 29.7266 29.9457 14/01/2022
    Guinness Global Innovators Fund Z EUR Acc IE00BQXX3P39 27.8863 28.0545 14/01/2022
    Guinness Global Innovators Fund Z USD Acc IE00BQXX3Q46 25.5188 25.6123 14/01/2022
    Guinness Global Innovators Fund I USD Acc IE00BMYPNG19 12.1094 12.1537 14/01/2022
    Guinness Best of China Fund C EUR Acc IE00BZ08YS42 16.4124 16.4585 14/01/2022
    Guinness Best of China Fund C GBP Acc IE00BZ08YR35 18.8858 18.9639 14/01/2022
    Guinness Best of China Fund C USD Acc IE00BZ08YT58 17.2479 17.2556 14/01/2022
    Guinness Best of China Fund Y EUR Acc IE00BZ08YW87 17.262 17.311 14/01/2022
    Guinness Best of China Fund Y GBP Acc IE00BZ08YV70 19.8429 19.9256 14/01/2022
    Guinness Best of China Fund Y USD Acc IE00BZ08YX94 18.0781 18.0867 14/01/2022
    Guinness Best of China Fund Z GBP Acc IE00BZ08YY02 20.3774 20.4624 14/01/2022
    Guinness Best of China Fund I USD Acc IE00BMYPNC70 10.8746 10.8797 14/01/2022
    Guinness Emerging Markets Equity Income Fund C USD Acc IE00BYV24P56 14.9232 14.903 14/01/2022
    Guinness Emerging Markets Equity Income Fund Y GBP Acc IE00BYV24Q63 13.9658 13.9988 14/01/2022
    Guinness Emerging Markets Equity Income Fund Y GBP Dist IE00BYV24R70 11.9108 11.9389 14/01/2022
    Guinness Emerging Markets Equity Income Fund Y EUR Acc IE00BYV24S87 14.2717 14.2864 14/01/2022
    Guinness Emerging Markets Equity Income Fund Y EUR Dist IE00BYV24T94 12.1652 12.1778 14/01/2022
    Guinness Emerging Markets Equity Income Fund Y USD Acc IE00BYV24V17 15.6503 15.6295 14/01/2022
    Guinness Emerging Markets Equity Income Fund Y USD Dist IE00BYV24W24 13.3393 13.3217 14/01/2022
    Guinness Emerging Markets Equity Income Fund Z GBP Dist IE00BYV24X31 12.2012 12.2302 14/01/2022
    Guinness Emerging Markets Equity Income Fund C EUR Acc IE00BMCWC346 11.3576 11.369 14/01/2022
    Guinness Emerging Markets Equity Income Fund C GBP Acc IE00BMCWC239 10.4476 10.472 14/01/2022
    Guinness Emerging Markets Equity Income Fund I USD Acc IE00BMYPND87 10.8272 10.8129 14/01/2022
    Guinness Emerging Markets Equity Income Fund I USD Dist IE00BMYPNF02 10.4497 10.4357 14/01/2022
    Guinness Emerging Markets Equity Income Fund C EUR Dist IE0009746VI0 10.1702 10.1805 14/01/2022
    Guinness Emerging Markets Equity Income Fund C GBP Dist IE000UPHOYQ6 9.9848 10.0082 14/01/2022
    Guinness Emerging Markets Equity Income Fund C USD Dist IE000XFJTUO9 9.8423 9.829 14/01/2022
    Guinness Best of Asia Fund C GBP Acc IE00BF2VFX37 12.0101 12.0374 14/01/2022
    Guinness Best of Asia Fund Y GBP Acc IE00BF2VFY44 12.5062 12.5357 14/01/2022
    Guinness Best of Asia Fund Y EUR Acc IE00BF2VFZ50 13.3047 13.3184 14/01/2022
    Guinness Best of Asia Fund Y USD Acc IE00BF2VG076 12.7834 12.7663 14/01/2022
    Guinness Best of Asia Fund Z GBP Acc IE00BF2VG183 12.6239 12.6536 14/01/2022
    Guinness Best of Asia Fund I USD Acc IE00BMYPN275 11.0924 11.0776 14/01/2022
    Guinness Best of Asia Fund C EUR Acc IE000IYIWG07 10.271 10.2813 14/01/2022
    Guinness Best of Asia Fund C USD Acc IE0004NN3YY8 9.9444 9.9309 14/01/2022
    Guinness Multi-Asset Growth Fund C GBP Acc IE00BG5QQP10 13.0127 12.8692 14/01/2022
    Guinness Multi-Asset Growth Fund C EUR Acc IE00BG5QQQ27 14.0554 13.8824 14/01/2022
    Guinness Multi-Asset Growth Fund C EUR Hedged Acc IE00BG5QQR34 11.5102 11.3836 14/01/2022
    Guinness Multi-Asset Growth Fund C USD Acc IE00BG5QQS41 14.0893 13.8828 14/01/2022
    Guinness Multi-Asset Growth Fund C USD Hedged Acc IE00BG5QRJ25 11.8956 11.7654 14/01/2022
    Guinness Multi-Asset Growth Fund O GBP Acc IE00BG5QRK30 13.3351 13.1885 14/01/2022
    Guinness Multi-Asset Growth Fund O EUR Acc IE00BG5QRL47 14.4098 14.2329 14/01/2022
    Guinness Multi-Asset Growth Fund O EUR Hedged Acc IE00BG5QRM53 11.7601 11.631 14/01/2022
    Guinness Multi-Asset Growth Fund O USD Acc IE00BG5QRN60 14.439 14.2277 14/01/2022
    Guinness Multi-Asset Growth Fund O USD Hedged Acc IE00BG5QRP84 12.1088 11.9765 14/01/2022
    Guinness Multi-Asset Growth Fund R GBP Acc IE00BG5QRQ91 12.9348 12.7921 14/01/2022
    Guinness Multi-Asset Growth Fund R EUR Acc IE00BG5QRR09 13.9715 13.7998 14/01/2022
    Guinness Multi-Asset Growth Fund R EUR Hedged Acc IE00BG5QRS16 11.4449 11.319 14/01/2022
    Guinness Multi-Asset Growth Fund R USD Acc IE00BG5QRT23 13.994 13.7888 14/01/2022
    Guinness Multi-Asset Growth Fund R USD Hedged Acc IE00BG5QRV45 11.8418 11.7119 14/01/2022
    Guinness Multi-Asset Growth Fund Y GBP Acc IE00BG5QRW51 13.4873 13.339 14/01/2022
    Guinness Multi-Asset Balanced Fund C GBP Acc IE00BG5QQV79 12.5097 12.3984 14/01/2022
    Guinness Multi-Asset Balanced Fund C EUR Acc IE00BG5QQW86 13.5124 13.3749 14/01/2022
    Guinness Multi-Asset Balanced Fund C EUR Hedged Acc IE00BG5QQX93 11.1887 11.0895 14/01/2022
    Guinness Multi-Asset Balanced Fund C USD Acc IE00BG5QQY01 13.5446 13.3747 14/01/2022
    Guinness Multi-Asset Balanced Fund C USD Hedged Acc IE00BG5QQZ18 11.532 11.4304 14/01/2022
    Guinness Multi-Asset Balanced Fund O GBP Acc IE00BG5QR034 12.82 12.7063 14/01/2022
    Guinness Multi-Asset Balanced Fund O EUR Acc IE00BG5QR141 13.8511 13.7106 14/01/2022
    Guinness Multi-Asset Balanced Fund O EUR Hedged Acc IE00BG5QR257 11.4418 11.3407 14/01/2022
    Guinness Multi-Asset Balanced Fund O USD Acc IE00BG5QR364 13.8797 13.706 14/01/2022
    Guinness Multi-Asset Balanced Fund O USD Hedged Acc IE00BG5QR471 11.8022 11.6985 14/01/2022
    Guinness Multi-Asset Balanced Fund R GBP Acc IE00BG5QR588 12.4322 12.3215 14/01/2022
    Guinness Multi-Asset Balanced Fund R EUR Acc IE00BG5QR695 13.4349 13.2981 14/01/2022
    Guinness Multi-Asset Balanced Fund R EUR Hedged Acc IE00BG5QR703 11.1362 11.0374 14/01/2022
    Guinness Multi-Asset Balanced Fund R USD Acc IE00BG5QR810 13.4508 13.2821 14/01/2022
    Guinness Multi-Asset Balanced Fund R USD Hedged Acc IE00BG5QR927 11.5313 11.4294 14/01/2022
    Guinness Multi-Asset Balanced Fund Y GBP Acc IE00BG5QRB49 12.9604 12.8456 14/01/2022
    Guinness Sustainable Global Equity Fund Z USD Acc IE00BN0W3529 12.2424 12.0979 14/01/2022
    Guinness Sustainable Global Equity Fund Z GBP Acc IE00BN0W3305 11.9513 11.8538 14/01/2022
    Guinness Sustainable Global Equity Fund Z EUR Acc IE00BN0W3412 12.9859 12.8629 14/01/2022
    Guinness Sustainable Global Equity Fund I GBP Acc IE00BN0W2X30 11.9265 11.8291 14/01/2022
    Guinness Sustainable Global Equity Fund I EUR Acc IE00BN0W2Y47 12.9647 12.842 14/01/2022
    Guinness Sustainable Global Equity Fund I USD Acc IE00BN0W2Z53 12.2223 12.0779 14/01/2022
    Guinness Sustainable Global Equity Fund Y GBP Acc IE00BN0W3073 11.9286 11.8312 14/01/2022
    Guinness Sustainable Global Equity Fund Y EUR Acc IE00BN0W3180 12.965 12.8421 14/01/2022
    Guinness Sustainable Global Equity Fund Y USD Acc IE00BN0W3297 12.2242 12.0799 14/01/2022
    Guinness Sustainable Global Equity Fund C GBP Acc IE00BN0W2T93 11.791 11.6944 14/01/2022
    Guinness Sustainable Global Equity Fund C EUR Acc IE00BN0W2V16 12.8153 12.6935 14/01/2022
    Guinness Sustainable Global Equity Fund C USD Acc IE00BN0W2W23 12.086 11.9429 14/01/2022
    Guinness Sustainable Energy Fund D USD Acc IE00B2PGVJ29 5.5876 5.5153 14/01/2022
    Guinness Sustainable Energy Fund C USD Acc IE00B2PGVK34 5.2072 5.1398 14/01/2022
    Guinness Sustainable Energy Fund C GBP Acc IE00B3CCJ633 8.7531 8.6716 14/01/2022
    Guinness Sustainable Energy Fund D EUR Acc IE00B3CCJ740 9.1169 9.0201 14/01/2022
    Guinness Sustainable Energy Fund C EUR Acc IE00BGHQF417 18.421 18.2253 14/01/2022
    Guinness Sustainable Energy Fund Y GBP Acc IE00BFYV9L73 22.2356 22.0292 14/01/2022
    Guinness Sustainable Energy Fund Y EUR Acc IE00BFYV9M80 23.6138 23.3636 14/01/2022
    Guinness Sustainable Energy Fund Y USD Acc IE00BFYV9N97 21.7507 21.4696 14/01/2022
    Guinness Sustainable Energy Fund I USD Acc IE00BMYPNB63 11.5237 11.3748 14/01/2022
    Guinness Global Energy Fund D USD Acc IE00B2Q91T05 7.4155 7.5263 14/01/2022
    Guinness Global Energy Fund C USD Acc IE00B2Q91V27 7.0037 7.1082 14/01/2022
    Guinness Global Energy Fund C GBP Acc IE00B3CCJ963 9.3876 9.5629 14/01/2022
    Guinness Global Energy Fund D EUR Acc IE00B3CCJB88 9.7765 9.946 14/01/2022
    Guinness Global Energy Fund Y USD Acc IE00B3CCJC95 7.98 8.0994 14/01/2022
    Guinness Global Energy Fund Y GBP Acc IE00B6XV0016 9.0349 9.2039 14/01/2022
    Guinness Global Energy Fund C EUR Acc IE00BGHQF524 7.7143 7.848 14/01/2022
    Guinness Global Energy Fund Y USD Dist IE00BG6L7638 6.0908 6.1819 14/01/2022
    Guinness Global Energy Fund Y EUR Acc IE00BFMGVR44 8.7996 8.9523 14/01/2022
    Guinness Global Energy Fund I USD Acc IE00BMYPN507 15.7184 15.9536 14/01/2022
    1 April 2021

    Guinness Global Equity Income 10 Year Review

    The managers of the Guinness Global Equity Income Fund bring you their ten-year history of the Fund…
    3 March 2021

    Guinness Global Equity Income managers: Launching fund after Global Financial Crisis has paid off

    Lauren Mason looks at why Ian Mortimer and Matthew Page’s launching of the Guinness Global Equity…
    7 February 2021

    Global dividends, sustainability and a happy 10 year anniversary

    Matthew Page and Dr Ian Mortimer, co-managers of Guinness Global Equity Income, take FundCalibre…
    7 January 2021

    Fund Profile – Guinness Global Equity Income

    The Guinness Global Equity Income Fund has been rated by RSMR since March 2014. In this Fund…
    12 April 2020

    Why Dividends (Still) Matter

    Back in 2012, Dr Ian Mortimer and Matthew Page wrote a paper discussing the benefits of investing…
    1 April 2020

    Physics Envy

    Matthew Page investigates the “science” of economic modelling.
    Document

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