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Guinness Global Equity Income Fund

Overview

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

TB Guinness Global Equity Income Fund* UK investors should be aware that the Guinness Global Equity Income Fund is also available as a UK domiciled fund denominated in GBP.

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.

*The TB Guinness Global Equity Income Fund is available from 0.79% OCF.  The documentation needed to make an investment, including the Prospectus, the Key Investor Information Document (KIID) and the Application Form, is available here.

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.
 

Dr Ian 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

William Van Der 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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GEI Square Mile AA

Guinness Global Equity Income Fund

AA Rating
Square Mile Investment Consulting & Research Limited

 

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Refinitiv Lipper Fund Award

Guinness Global Equity Income Fund

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

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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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handshake
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Anteater

A NOSE FOR GLOBAL EQUITY INCOME


FUN FACT
 

Q: How many insects can an anteater eat in a day?
A: An anteater can eat up to 30,000 insects a day.

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.
 

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
    Guinness Global Equity Income Fund Download Download Download Download Download

    Updates

     

     

     

    Document
    GUINNESS GLOBAL EQUITY INCOME FUND
    September 2022
    Document
    GUINNESS GLOBAL EQUITY INCOME FUND
    July 2022
    GUINNESS GLOBAL EQUITY INCOME FUND
    April 2022
    GUINNESS GLOBAL EQUITY INCOME FUND
    October 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    July 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    April 2021
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    October 2020
    GUINNESS GLOBAL EQUITY INCOME FUND
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    GUINNESS GLOBAL EQUITY INCOME FUND
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    October 2012
    GUINNESS GLOBAL EQUITY INCOME FUND
    July 2012
    GUINNESS GLOBAL EQUITY INCOME FUND
    April 2012
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2022
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2020
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2019
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2018
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2017
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2016
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2015
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2014
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2013
    GUINNESS GLOBAL EQUITY INCOME FUND - ANNUAL REVIEW
    January 2012
    Document
    GUINNESS GLOBAL EQUITY INCOME FUND
    June 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
    May 2021
    GUINNESS GLOBAL EQUITY INCOME FUND
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    GUINNESS GLOBAL EQUITY INCOME FUND
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    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
    Guinness Global Equity Income Fund I USD Dist IE00BGK8P991 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

    Fund Supplement

    Long-only Application Form

    Funds - Prospectus

    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
    Y USD Acc 0.80% 5.00% 0 IE00BVYPNX17 BVYPNX1 GUGYUSA ID
    Y USD Dist 0.80% 5.00% 0 IE00BVYPP248 BVYPP24 GUGYUSD ID
    Z GBP Dist 0.63% 0.00% 0 IE00B754QH41 B754QH4 GUGLEIZ 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 16.4655 -0.1296 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND C USD DISTRIBUTION IE00B42XCP33 15.5465 -0.1227 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND C GBP DISTRIBUTION IE00B3PB1722 22.077 -0.7705 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND D EUR DISTRIBUTION IE00B66B5L40 22.6713 -0.5012 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND Z GBP DISTRIBUTION IE00B754QH41 25.6391 -0.894 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQF631 21.9024 -0.4845 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNV92 20.5141 -0.716 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNW00 15.1473 -0.1195 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND Y EUR ACCUMULATION IE00BVYPNZ31 17.7122 -0.3914 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BVYPP024 14.4375 -0.319 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND Y GBP ACCUMULATION IE00BVYPNY24 22.1229 -0.7715 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BVYPP131 18.0692 -0.6301 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND Y USD ACCUMULATION IE00BVYPNX17 16.3365 -0.1284 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND Y USD DISTRIBUTION IE00BVYPP248 13.3045 -0.1046 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND C EUR DISTRIBUTION IE00BDGV0183 13.9036 -0.3076 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND D EUR ACCUMULATION IE00BDGV0290 16.5607 -0.3662 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND I USD DISTRIBUTION IE00BGK8P991 11.9068 -0.0937 29/09/2022
    GUINNESS GLOBAL EQUITY INCOME FUND I USD ACCUMULATION IE00BJBK7883 11.0649 -0.087 29/09/2022
    GUINNESS GLOBAL MONEY MANAGERS FUND C USD ACCUMULATION IE00B3QW5Z07 16.6778 -0.427 29/09/2022
    GUINNESS GLOBAL MONEY MANAGERS FUND C GBP ACCUMULATION IE00B64PRP62 23.7457 -1.2606 29/09/2022
    GUINNESS GLOBAL MONEY MANAGERS FUND Y EUR ACCUMULATION IE00B68GW162 24.674 -0.9881 29/09/2022
    GUINNESS GLOBAL MONEY MANAGERS FUND Y USD ACCUMULATION IE00B3NSFR34 18.4191 -0.4709 29/09/2022
    GUINNESS GLOBAL MONEY MANAGERS FUND Y GBP ACCUMULATION IE00B7MJHM43 28.3698 -1.505 29/09/2022
    GUINNESS GLOBAL MONEY MANAGERS FUND C EUR ACCUMULATION IE00BGHQF748 15.0407 -0.6029 29/09/2022
    GUINNESS GLOBAL MONEY MANAGERS FUND I USD ACCUMULATION IE00BMYPMW02 9.2112 -0.2354 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDW50 14.1641 -0.2615 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND Z GBP DISTRIBUTION IE00BGHQF300 13.1309 -0.409 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNS63 14.4893 -0.452 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNT70 10.7174 -0.0459 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP ACCUMULATION IE00BYVHVZ98 10.8612 -0.3385 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BYVHWJ06 9.4165 -0.2935 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYVHW019 10.912 -0.2011 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYVHW126 9.452 -0.1742 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND Y USD ACCUMULATION IE00BYVHW233 8.6913 -0.037 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND Y USD DISTRIBUTION IE00BYVHW340 7.5048 -0.032 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN382 8.2273 -0.0349 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN499 7.7765 -0.0329 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND C EUR DISTRIBUTION IE000AHX6WT2 7.6895 -0.1419 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND C GBP DISTRIBUTION IE000N9K9CQ4 8.0135 -0.2499 29/09/2022
    GUINNESS EUROPEAN EQUITY INCOME FUND C USD DISTRIBUTION IE000RAMYLN7 6.3333 -0.0271 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDM52 18.1925 -0.4017 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQDV44 15.4133 -0.5367 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNP33 15.8247 -0.5516 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNQ40 11.6829 -0.0917 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BDHSRG22 11.8647 -0.2616 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BDHSRH39 9.7281 -0.2145 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BDHSRD90 12.4309 -0.4329 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BDHSRF15 10.2113 -0.3556 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BDHSRJ52 10.606 -0.0829 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BDHSRK67 8.6886 -0.0679 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN051 8.432 -0.0658 29/09/2022
    GUINNESS ASIAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN168 7.9566 -0.0622 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND C GBP ACCUMULATION IE00BQXX3C00 22.8318 -1.0641 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND C EUR ACCUMULATION IE00BQXX3D17 20.2016 -0.6805 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND C USD ACCUMULATION IE00BQXX3F31 15.7479 -0.3037 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND Y GBP ACCUMULATION IE00BQXX3K83 24.7465 -1.1526 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND Y EUR ACCUMULATION IE00BQXX3L90 21.8721 -0.736 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND Y USD ACCUMULATION IE00BQXX3M08 17.1147 -0.3296 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND Z GBP ACCUMULATION IE00BQXX3N15 25.1951 -1.1734 29/09/2022
    GUINNESS GLOBAL INNOVATORS FUND Z EUR ACCUMULATION IE00BQXX3P39 22.2834 -0.7498 29/09/2022
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    GUINNESS BEST OF CHINA FUND CLASS Y USD ACCUMULATION IE00BZ08YX94 12.0562 -0.0433 29/09/2022
    GUINNESS BEST OF CHINA FUND CLASS Z GBP ACCUMULATION IE00BZ08YY02 16.9668 -0.5171 29/09/2022
    GUINNESS BEST OF CHINA FUND I USD ACCUMULATION IE00BMYPNC70 7.2525 -0.0262 29/09/2022
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD ACCUMULATION IE00BYV24P56 11.2299 -0.0883 29/09/2022
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    GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYV24S87 12.7009 -0.28 29/09/2022
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYV24T94 10.5939 -0.2337 29/09/2022
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    GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP ACCUMULATION IE00BMCWC239 9.7852 -0.3413 29/09/2022
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    GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPNF02 7.7469 -0.0607 29/09/2022
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR DISTRIBUTION IE0009746VI0 8.7903 -0.1941 29/09/2022
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP DISTRIBUTION IE000UPHOYQ6 9.1553 -0.3194 29/09/2022
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD DISTRIBUTION IE000XFJTUO9 7.2396 -0.0569 29/09/2022
    GUINNESS BEST OF ASIA FUND C GBP ACCUMULATION IE00BF2VFX37 10.2221 -0.3738 29/09/2022
    GUINNESS BEST OF ASIA FUND Y GBP ACCUMULATION IE00BF2VFY44 10.7286 -0.3923 29/09/2022
    GUINNESS BEST OF ASIA FUND Y EUR ACCUMULATION IE00BF2VFZ50 10.7601 -0.2558 29/09/2022
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    GUINNESS BEST OF ASIA FUND C EUR ACCUMULATION IE000IYIWG07 8.2439 -0.1962 29/09/2022
    GUINNESS BEST OF ASIA FUND C USD ACCUMULATION IE0004NN3YY8 6.8038 -0.0649 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND C GBP ACCUMULATION IE00BG5QQP10 12.469 -0.3812 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND C EUR ACCUMULATION IE00BG5QQQ27 12.6983 -0.226 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND C EUR HEDGED ACCUMULATION IE00BG5QQR34 10.9233 -0.3412 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND C USD ACCUMULATION IE00BG5QQS41 10.8471 -0.0398 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND C USD HEDGED ACCUMULATION IE00BG5QRJ25 11.457 -0.3606 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND O GBP ACCUMULATION IE00BG5QRK30 12.869 -0.3931 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND O EUR ACCUMULATION IE00BG5QRL47 13.1112 -0.2331 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND O EUR HEDGED ACCUMULATION IE00BG5QRM53 11.2395 -0.3507 29/09/2022
    GUINNESS MULTI-ASSET GROWTH FUND O USD ACCUMULATION IE00BG5QRN60 11.1954 -0.0409 29/09/2022
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    GUINNESS MULTI-ASSET GROWTH FUND R EUR ACCUMULATION IE00BG5QRR09 12.6076 -0.2243 29/09/2022
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    GUINNESS MULTI-ASSET BALANCED FUND C GBP ACCUMULATION IE00BG5QQV79 12.1095 -0.3587 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND C EUR ACCUMULATION IE00BG5QQW86 12.3325 -0.208 29/09/2022
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    GUINNESS MULTI-ASSET BALANCED FUND O EUR ACCUMULATION IE00BG5QR141 12.7317 -0.2143 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND O EUR HEDGED ACCUMULATION IE00BG5QR257 11.0391 -0.333 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND O USD ACCUMULATION IE00BG5QR364 10.8717 -0.0296 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND O USD HEDGED ACCUMULATION IE00BG5QR471 11.5522 -0.3499 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND R GBP ACCUMULATION IE00BG5QR588 12.0174 -0.356 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND R EUR ACCUMULATION IE00BG5QR695 12.2432 -0.2066 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND R EUR HEDGED ACCUMULATION IE00BG5QR703 10.6526 -0.3218 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND R USD ACCUMULATION IE00BG5QR810 10.4466 -0.0287 29/09/2022
    GUINNESS MULTI-ASSET BALANCED FUND R USD HEDGED ACCUMULATION IE00BG5QR927 11.1919 -0.3398 29/09/2022
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    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z USD ACCUMULATION IE00BN0W3529 8.8084 -0.0999 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z GBP ACCUMULATION IE00BN0W3305 10.7021 -0.4114 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z EUR ACCUMULATION IE00BN0W3412 10.9627 -0.281 29/09/2022
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    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I EUR ACCUMULATION IE00BN0W2Y47 10.911 -0.2797 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I USD ACCUMULATION IE00BN0W2Z53 8.7659 -0.0994 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y GBP ACCUMULATION IE00BN0W3073 10.6485 -0.4095 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y EUR ACCUMULATION IE00BN0W3180 10.9117 -0.2797 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y USD ACCUMULATION IE00BN0W3297 8.7675 -0.0996 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C GBP ACCUMULATION IE00BN0W2T93 10.4439 -0.4019 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C EUR ACCUMULATION IE00BN0W2V16 10.7019 -0.2746 29/09/2022
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C USD ACCUMULATION IE00BN0W2W23 8.601 -0.0979 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND D USD ACCUMULATION IE00B2PGVJ29 4.5542 -0.1259 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND C USD ACCUMULATION IE00B2PGVK34 4.2291 -0.117 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND C GBP ACCUMULATION IE00B3CCJ633 8.848 -0.4886 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND D EUR ACCUMULATION IE00B3CCJ740 8.7195 -0.3677 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND C EUR ACCUMULATION IE00BGHQF417 17.5557 -0.7406 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND Y GBP ACCUMULATION IE00BFYV9L73 22.6696 -1.2509 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND Y EUR ACCUMULATION IE00BFYV9M80 22.6977 -0.9567 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND Y USD ACCUMULATION IE00BFYV9N97 17.8165 -0.4925 29/09/2022
    GUINNESS SUSTAINABLE ENERGY FUND I USD ACCUMULATION IE00BMYPNB63 9.4351 -0.2608 29/09/2022
    GUINNESS GLOBAL ENERGY FUND D USD ACCUMULATION IE00B2Q91T05 7.2972 0.0273 29/09/2022
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    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
    4 July 2022

    Square Mile announces rating for Guinness Global Equity Income Fund

    The Guinness Global Equity Income Fund has been introduced to the Square Mile Academy of Funds with…
    4 July 2022

    This is MONEY: The dividend fund that's designed for tricky times

    Guinness Global Equity Income scours the world in search of companies that pay shareholders…
    14 June 2022

    How Global Equity Income can help investors in an inflationary environment

    Date: Jun 14, 2022 10:00 AM [GMT+1] Matthew Page & Ian Mortimer
    7 April 2022

    Guinness Global Equity Income Fund - Webcast - Covering Q1 2022

    Date: Apr 19, 2022 03:00 PM [GMT+1] Matthew Page & Ian Mortimer
    6 April 2022

    Guinness's Page: Why US equities are attractive

    Despite investment opportunities arising in commodity markets, Guinness Global Equity Income fund…
    29 March 2022

    RSMR Fund Profile - Guinness Global Equity Income

    A new Fund Profile for Guinness Global Equity Income from RSMR
    22 February 2022

    How this income-focused duo has weathered ‘extreme scenarios

    Matthew Page and Ian Mortimer prepared their $2.4bn fund for the worst – and then 2020 saw…
    16 February 2022

    2022 Investor Conference - Global Equities: Innovation and Income

    Matthew Page & Ian Mortimer
    17 January 2022

    Guinness Global Equity Income - Webcast - Covering Q4 2021

    Matthew Page & Ian Mortimer
    Document

    Long-only Application Form