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Guinness Global Money Managers Fund

The Guinness Global Money Managers strategy gives exposure to the growth potential of companies in the asset management sector.

Overview

The Guinness Global Money Managers strategy gives exposure to the growth potential of companies in the asset management sector.

We believe that, over the long term, asset management companies can grow their earnings faster than the general equity markets. Successful asset management businesses can grow very rapidly, particularly in rising markets, offering the potential to outperform the market (offer higher beta). Their risk-return characteristics are especially attractive from a shareholder’s point of view, since they tend to require relatively little capital to grow. Asset management is also a growing global sector: assets under management are rising faster than underlying equity markets.

Compared to other financial sectors (especially banks), money management companies tend to have very low gearing, reducing balance sheet risk. The sector typically exhibits high free cashflow, which translates into higher dividend yields on average than the broad equity market.

If you believe that global equity markets are set on a path of reasonable long-term growth, in an environment of rising global invested assets, a diversified portfolio of listed asset managers can play a useful role in your 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.

Will Riley

Will Riley

Portfolio Manager, Specialist 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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lipper-sw

Guinness Global Money Managers Fund

BEST FUND OVER 3 YEARS
Lipper - Equity Sector Banks & Other Financials

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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Investment Case

Our process starts with identifying the global investment universe of companies engaged in asset management services. Most of these companies are chiefly involved in asset management; however, we also look at associated services such as custody banks and stock exchanges. We analyse the universe regularly for companies which look attractive on valuation, return on investment, earnings sentiment and price momentum. Put simply, we are looking for good companies that are attractively valued where investor sentiment is improving and investor buying is occurring. For the asset managers, we add an important fifth criterion: superior underlying asset management performance. This process is designed to give us a portfolio of reasonable value, good quality, successful asset management companies with the potential to provide a shareholder return in excess of the broad equity market.

Stock ideas are taken from our screens and subjected to due diligence, centred around detailed financial modelling, to establish whether we have conviction to include the stock in our portfolio. The portfolio comprises 30 equally-weighted positions without reference to a benchmark.

In brief: why invest in a fund of asset managers?


 

High returns on capital

Successful asset management companies can grow using relatively little capital. Overall shareholder returns can therefore be very high.
 

Growing global sector.

Global conventional assets under management are growing faster than world equity returns, supporting growing revenues in the sector
 

Low balance sheet risk

Money management companies tend to have very low gearing versus other financial sectors (especially banks), reducing balance sheet risk.
 

Above average dividend yield

The sector typically exhibits high free cashflow, which translates into higher dividend yields on average than the broad equity market.
 

Higher beta

The sector has the potential to outperform the market (capture higher beta) during periods of market strength, particularly in equities.

Investment case for a portfolio of asset managers

Asset managers have a number of characteristics which make them particularly interesting from a shareholders point of view.
 

High returns on capital

A key attraction of the money management industry is that successful companies can enjoy both very high rates of return on capital (not much is required) and a growth rate higher than the underlying investment returns as additional assets are raised. Overall shareholder returns can therefore be very high.
 

Growing global sector

The value of assets under management globally has grown faster than the performance of equity markets. Since 1990, new investable companies and increasing personal wealth have helped grow conventional assets under management by 700%, versus world equity returns of 150%. We expect this trend to continue. An expanding pool of assets provides an attractive environment for good asset managers to grow.
 

Financials exposure with lower balance sheet risk

For investors who are concerned about the fragility of bank balance sheets globally, we believe this Fund gives exposure to the attractive growth and return attributes of the financial sector whilst lessening the balance sheet risk. The average gearing of the underlying companies held in the Fund has been consistently less than zero (i.e. overall net cash).
 

Above average dividends

Asset management companies often deliver high free cash flow, which translates into higher dividend yields on average than the broad equity market. The gross dividend yield paid by the companies in our universe of asset managers has been consistently higher than the MSCI World Index gross yield. (You should note that Guinness Global Money Managers Fund is managed for total returns, and has not paid out dividends to investors in the past. There is currently no intention to do so in the future.)
 

Higher beta

In periods of rising equity markets, asset management companies focusing on managing equities can enjoy a rising income without adding any new customers. They effectively provide a geared exposure to rising equity markets. So the Fund is a means for investors to capture higher beta during periods of market strength, particularly in equities.
 

Potential for rapid growth

A final interesting characteristic is that a successful asset management company can grow its business very rapidly if markets are rising and the underlying performance of its fund range is strong. To date we have had our best successes in the Fund by identifying and investing in this type of company.
 

Favourable environment for investing in asset management companies

If you believe that global equity markets are set on a path of reasonable long-term growth, albeit at likely lower returns than of old, and in an environment of rising global invested assets, a diversified portfolio of listed asset managers can play a useful role in your portfolio.

Investment process

We seek quality asset management companies at the right price.
 

Identifying high quality asset managers

Our process starts with identifying the global investment universe of companies engaged in asset management services. The majority of the universe comprises companies where asset management is the main activity; however, we also look at associated services such as custody banks and stock exchanges. We analyse the universe regularly for companies which look attractive on valuation, return on investment, earnings sentiment and price momentum. In plain English – good companies that are attractively valued where investor sentiment is improving and investor buying is occurring. For the asset managers, we add an important fifth criteria: superior underlying asset management performance. This process is designed to give us a portfolio of reasonable value, good quality, successful asset management companies which we hope will provide a shareholder return in excess of the broad equity market.
 

Stock due diligence

Stock ideas are taken from our screens. We then conduct due diligence to establish whether we have conviction to include the stock in our portfolio. The due diligence centres around detailed financial modelling.

Portfolio construction


 

Equally-weighted portfolio

The portfolio comprises 30 equally-weighted positions. Our equally-weighted portfolio construction is designed to create the best balance between maintaining fund concentration and managing stock-specific risk. It also imposes a structural sell discipline: an existing position must be sold to purchase a new holding.
 

Sector weights

There is no benchmark adherence in the Fund’s sub-sector weights.

Portfolio risk controls


 

Stock specific risk

By constructing the fund of 30 equally weighted positions, we avoid significant exposure to any one individual stock.
 

Emerging market exposure

Emerging market exposure is normally limited to 20% of the portfolio.
 

Liquidity

The portfolio is liquid, with 80% of the Fund normally invested in companies with a market capitalisation over US $500 million.
 

Currency

The Fund is not hedged from a currency perspective.

 

Factsheets

 

 

Fund English French German Spanish Italian
Guinness Global Money Managers Fund Download Download Download Download Download

Updates

 

 

Document
Guinness Global Money Managers Fund
April 2024
Document
Guinness Global Money Managers Fund
April 2024
Guinness Global Money Managers Fund
October 2023
Guinness Global Money Managers Fund
April 2023
Guinness Global Money Managers Fund
October 2022
Guinness Global Money Managers Fund
April 2022
Guinness Global Money Managers Fund
January 2022
Guinness Global Money Managers Fund
October 2021
Guinness Global Money Managers Fund
July 2021
Guinness Global Money Managers Fund
April 2021
Guinness Global Money Managers Fund
January 2021
Document
Guinness Global Money Managers Fund
April 2024
Guinness Global Money Managers Fund
January 2024
Guinness Global Money Managers Fund
October 2023
Guinness Global Money Managers Fund
April 2023
Guinness Global Money Managers Fund
January 2023
Guinness Global Money Managers Fund
October 2022
Guinness Global Money Managers Fund
April 2022
Guinness Global Money Managers Fund
January 2022
Guinness Global Money Managers Fund
October 2021
Guinness Global Money Managers Fund
July 2021
Guinness Global Money Managers Fund
April 2021
Guinness Global Money Managers Fund
January 2021

KIIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Global Money Managers Fund C EUR Acc IE00BGHQF748
Guinness Global Money Managers Fund C GBP Acc IE00B64PRP62
Guinness Global Money Managers Fund C USD Acc IE00B3QW5Z07
Guinness Global Money Managers Fund I USD Acc IE00BMYPMW02
Guinness Global Money Managers Fund Y EUR Acc IE00B68GW162
Guinness Global Money Managers Fund Y GBP Acc IE00B7MJHM43
Guinness Global Money Managers Fund Y USD Acc IE00B3NSFR34

KIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Global Money Managers Fund Y USD Acc IE00B3NSFR34
Guinness Global Money Managers Fund Y EUR Acc IE00B68GW162
Guinness Global Money Managers Fund C EUR Acc IE00BGHQF748
Guinness Global Money Managers Fund C USD Acc IE00B3QW5Z07
Guinness Global Money Managers Fund C GBP Acc IE00B64PRP62
Guinness Global Money Managers Fund Y GBP Acc IE00B7MJHM43
Guinness Global Money Managers Fund I USD Acc IE00BMYPMW02

Documents

 

 

Document

High Conviction Active Asset Management

Guinness Asset Management Funds plc - Prospectus

Guinness Asset Management Funds plc - UK Reporting Fund Status 2022

Fund Supplement

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)
Will Riley (31/12/2010)
Tim Guinness (31/12/2010)
Benchmark
MSCI World Index
IA sector
IA Financials and Financial Innovation
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
I USD Acc 0.74% 0.00% $10000000 IE00BMYPMW02 BMYPMW0 GUGMMIU ID
Y GBP Acc 0.74% 5.00% 0 IE00B7MJHM43 B7MJHM4 GUGLMMX ID
Y EUR Acc 0.74% 5.00% 0 IE00B68GW162 B68GW16 GUGLMMD ID
Y USD Acc 0.74% 5.00% 0 IE00B3NSFR34 B3NSFR3 GUGLMME ID
C EUR Acc 1.99% 5.00% 0 IE00BGHQF748 BGHQF74 GUGLMCE ID
C GBP Acc 1.99% 5.00% 0 IE00B64PRP62 B64PRP6 GUGLMMC ID
C USD Acc 1.99% 5.00% 0 IE00B3QW5Z07 B3QW5Z0 GUGLMMB 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 CHINA RMB INCOME FUND CLASS Y CNH DIST IE000026G6J3 100.2705 0.0044 22/05/2024
GUINNESS CHINA RMB INCOME FUND CLASS Y EUR DIST IE000K4N4BW3 9.4071 0.013 22/05/2024
GUINNESS CHINA RMB INCOME FUND CLASS Y GBP DIST IE000G9JHZF4 9.0237 -0.0109 22/05/2024
GUINNESS CHINA RMB INCOME FUND CLASS Y USD DIST IE000FIQDRV0 9.642 -0.0098 22/05/2024
GUINNESS CHINA RMB INCOME FUND CLASS F EUR DISTRIBUTION IE0006534FS5 9.4239 0.0129 22/05/2024
GUINNESS CHINA RMB INCOME FUND CLASS F GBP DISTRIBUTION IE000K9NODM9 9.0416 -0.0108 22/05/2024
GUINNESS CHINA RMB INCOME FUND CLASS F USD DISTRIBUTION IE000BEWEDQ4 9.6605 -0.0098 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS C GBP ACC IE0006BWJJW3 6.8745 0.0097 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS C EUR ACC IE0001VD9PN1 7.1654 0.0289 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS C USD ACC IE0005HP3H50 7.345 0.0121 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS I USD ACC IE000IQ9D569 7.4432 0.0126 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS Y GBP ACC IE000I0OL207 6.9665 0.0103 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS Y EUR ACC IE000RSR0322 7.261 0.0295 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS Y CNH ACC IE0002QAMMW4 77.3742 0.2119 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS Y USD ACC IE000JCEKTR0 7.4432 0.0126 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS F GBP ACCUMULATION IE0003ZZUKD7 7.0121 0.0105 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS F EUR ACCUMULATION IE0001MJJCX1 7.3083 0.0299 22/05/2024
GUINNESS CHINA A SHARE FUND CLASS F USD ACCUMULATION IE000RSN6JG6 7.4917 0.0127 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS D USD DISTRIBUTION IE00B3QG6N78 22.355 0.0049 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE00B42XCP33 20.9338 0.0043 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE00B3PB1722 25.7626 0.0003 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS D EUR DISTRIBUTION IE00B66B5L40 27.7317 0.0725 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00B754QH41 30.4989 0.0013 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQF631 27.3676 0.0711 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNV92 24.6572 0.0002 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNW00 20.9957 0.0043 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BVYPNZ31 22.4991 0.059 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BVYPP024 17.8067 0.0468 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BVYPNY24 27.0321 0.0009 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BVYPP131 21.437 0.0008 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BVYPNX17 23.0197 0.0053 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BVYPP248 18.2134 0.0043 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE00BDGV0183 16.8671 0.0438 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS D EUR ACCUMULATION IE00BDGV0290 20.8641 0.0545 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BGK8P991 16.2427 0.0037 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BJBK7883 15.5368 0.0035 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C CNH HEDGED DISTR IE000OP91FK6 11.5385 0.0019 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z GBP ACCUMULATION IE000P7D8CD0 10.318 0.001 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z EUR DISTRIBUTION IE00051OJYP3 10.46 0.029 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z EUR ACCUMULATION IE000RSQ6GD6 10.46 0.029 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z USD DISTRIBUTION IE000YRPM569 10.621 0.003 22/05/2024
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z USD ACCUMULATION IE0001B1ARB7 10.621 0.003 22/05/2024
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C USD ACCUMULATION IE00B3QW5Z07 24.3709 -0.0658 22/05/2024
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C GBP ACCUMULATION IE00B64PRP62 30.0893 -0.0871 22/05/2024
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y EUR ACCUMULATION IE00B68GW162 33.1782 -0.0088 22/05/2024
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y USD ACCUMULATION IE00B3NSFR34 27.4748 -0.0732 22/05/2024
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y GBP ACCUMULATION IE00B7MJHM43 36.6958 -0.1051 22/05/2024
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C EUR ACCUMULATION IE00BGHQF748 19.813 -0.006 22/05/2024
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS I USD ACCUMULATION IE00BMYPMW02 13.7441 -0.0366 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQDW50 21.1084 -0.0253 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS F GBP DISTRIBUTION IE00BGHQF300 18.613 -0.0699 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNS63 20.7711 -0.0789 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNT70 17.7177 -0.0639 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BYVHVZ98 15.8545 -0.0597 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BYVHWJ06 13.2293 -0.0499 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BYVHW019 16.559 -0.0194 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BYVHW126 13.8109 -0.0162 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BYVHW233 14.631 -0.0523 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BYVHW340 12.1707 -0.0434 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPN382 13.8487 -0.0495 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPN499 12.6091 -0.0451 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE000AHX6WT2 11.0333 -0.0133 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE000N9K9CQ4 11.0557 -0.042 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE000RAMYLN7 10.0837 -0.0364 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS F GBP ACCUMULATION IE000YNWUZY0 10.477 -0.039 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS F EUR ACCUMULATION IE000A0PQ631 10.62 -0.012 22/05/2024
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS F EUR DISTRIBUTION IE000IUDXQX3 10.62 -0.012 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQDM52 21.7024 0.0268 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQDV44 16.8146 -0.0223 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNP33 18.1592 -0.0246 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNQ40 15.4602 -0.018 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BDHSRG22 14.4123 0.0182 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BDHSRH39 11.0018 0.0139 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BDHSRD90 14.5253 -0.0192 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BDHSRF15 11.1119 -0.0147 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BDHSRJ52 14.2915 -0.0162 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BDHSRK67 10.9176 -0.0124 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPN051 11.3662 -0.0129 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPN168 10.0045 -0.0114 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP ACCUMULATION IE000658NZ19 10.659 -0.014 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z EUR DISTRIBUTION IE000KN6J1X6 10.807 0.014 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z EUR ACCUMULATION IE000UNWB7K2 10.807 0.014 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z USD DISTRIBUTION IE0007D42DP3 10.997 -0.013 22/05/2024
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z USD ACCUMULATION IE000D23O9K2 10.997 -0.013 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS C GBP ACCUMULATION IE00BQXX3C00 33.753 0.0143 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS C EUR ACCUMULATION IE00BQXX3D17 31.0465 0.0934 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS C USD ACCUMULATION IE00BQXX3F31 26.8472 0.0166 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS Y GBP ACCUMULATION IE00BQXX3K83 37.2351 0.0167 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS Y EUR ACCUMULATION IE00BQXX3L90 34.2124 0.1039 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS Y USD ACCUMULATION IE00BQXX3M08 29.697 0.0192 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS Z GBP ACCUMULATION IE00BQXX3N15 38.0038 0.0172 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS Z EUR ACCUMULATION IE00BQXX3P39 34.942 0.1064 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS Z USD ACCUMULATION IE00BQXX3Q46 30.2275 0.0196 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS I USD ACCUMULATION IE00BMYPNG19 14.2814 0.0092 22/05/2024
GUINNESS GLOBAL INNOVATORS FUND CLASS C CNH HEDGED DISTR IE000PGA9O74 15.1038 0.009 22/05/2024
GUINNESS GREATER CHINA FUND CLASS C EUR ACCUMULATION IE00BZ08YS42 12.0513 0.0359 22/05/2024
GUINNESS GREATER CHINA FUND CLASS C GBP ACCUMULATION IE00BZ08YR35 14.1489 0.0055 22/05/2024
GUINNESS GREATER CHINA FUND CLASS C USD ACCUMULATION IE00BZ08YT58 11.9724 0.0069 22/05/2024
GUINNESS GREATER CHINA FUND CLASS Y EUR ACCUMULATION IE00BZ08YW87 13.0081 0.039 22/05/2024
GUINNESS GREATER CHINA FUND CLASS Y GBP ACCUMULATION IE00BZ08YV70 15.2561 0.0063 22/05/2024
GUINNESS GREATER CHINA FUND CLASS Y USD ACCUMULATION IE00BZ08YX94 12.8781 0.0079 22/05/2024
GUINNESS GREATER CHINA FUND CLASS F GBP ACCUMULATION IE00BZ08YY02 15.8562 0.0068 22/05/2024
GUINNESS GREATER CHINA FUND CLASS I USD ACCUMULATION IE00BMYPNC70 7.7432 0.0047 22/05/2024
GUINNESS GREATER CHINA FUND CLASS F EUR ACCUMULATION IE000PL4LIL5 11.04 0.034 22/05/2024
GUINNESS GREATER CHINA FUND CLASS F USD ACCUMULATION IE000KYOJNN5 11.235 0.007 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BYV24P56 15.3328 -0.0274 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BYV24Q63 15.8933 -0.031 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BYV24R70 12.4723 -0.0243 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BYV24S87 15.9176 0.0102 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BYV24T94 12.4714 0.0078 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BYV24V17 16.502 -0.0291 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BYV24W24 12.9378 -0.0228 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS F GBP DISTRIBUTION IE00BYV24X31 12.9414 -0.025 22/05/2024
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BMCWC346 12.3439 0.0076 22/05/2024
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GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPND87 11.4236 -0.0201 22/05/2024
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Investors' Chronicle: When to buy asset managers

Investing in companies that manage other people’s money is only fruitful if done at the right time

‘The funds and trusts beating their benchmarks by at least 10% this year’

The Guinness Global Money Managers Fund features in the top 3 IA funds that have outperformed their…

Investing in asset managers

Will Riley researches the performance of asset manager equities over the last 20 years, in…

 

Guinness Global Money Managers Fund is an equity fund. Investors should be willing and able to assume the risks of equity investing. The Fund invests only in companies involved in asset management and other related industries; it is therefore susceptible to the performance of that one sector, and can be volatile. The value of an investment and the income from it can fall as well as rise as a result of market and currency movement; you may not get back the amount originally invested. Further details on the risk factors are included in the Fund’s documentation, available on our website.​

Source FE fundinfo. Investors should note that fees and expenses are charged to the capital of the Fund. This reduces the return on your investment by an amount equivalent to the Ongoing Charges Figure (OCF). The current OCF for the share class used for the fund performance returns is 0.74%. Returns for share classes with a different OCF will vary accordingly. Transaction costs also apply and are incurred when a fund buys or sells holdings. The performance returns do not reflect any initial charge; any such charge will also reduce the return.