Growth
Guinness Greater China
Overview
The Guinness Greater China strategy seeks capital appreciation and invests in high-quality companies with exposure to the development of the Greater China region.
The Chinese economy is the second largest in the world, and is on track to surpass the US to become the largest. The size of China's economy means that even at more modest post-covid rates of growth, a huge increase in wealth is underway. This supports the rise of the Chinese consumer and a larger addressable market for businesses catering to them, creating opportunities for investors in Chinese growth stocks.
The Guinness Greater China Fund invests in high-quality Chinese stocks, profitable companies with exposure to the structural growth themes in China and Taiwan.
Elite Provider
FundCalibre
Already too big to ignore, growth in China is set for a larger share of investors' equity portfolios in a trend that should further support Chinese share prices.
The Guinness Greater China strategy is designed to benefit from these trends with a process designed to mitigate the risks that accompany growth investing in Chinese stocks.
From a predominantly agrarian society in the 1980s, China has become a diversified economy which is integrated into global supply chains and features a burgeoning middle class. China's stage in its economic development, its policy direction and demographics, and global trends in technology create identifiable structural investment themes which we use to identify areas in which to look for growth companies.
From this starting point, a disciplined investment process incorporates a strict focus on cash returns on investment and an understanding of the structural, regulatory and economic backdrop in China.
What makes quality Chinese stocks?
Some key features of the companies we look for include:
- High return on capital – Where growing operating cashflows are accompanied by good opportunities for further growth.
- Well-structured balance sheets – Stocks with no excessive debt, good governance and activities unlikely to be deemed socially harmful, as identified by our ESG analysis.
- Growth opportunities – Undervalued by the market.
- A carefully structured, repeatable investment process – Based on our own proprietary modelling rather than one reliant on third-party data, leads us to our concentrated, 30-stock portfolio. An equal weighting approach gives us differentiated exposure compared to our peers.
The Guinness Greater China Fund could be suitable for investors looking to harness the drivers of growth in China and Taiwan growth stocks and could form a core China equity holding within an emerging markets allocation.
Fund Facts
- Launch Date
- 15.12.2015
- Fund Managers (start date)
- Edmund Harriss (15.12.2015)Sharukh Malik (30.06.2020)
- Benchmark
- MSCI Golden Dragon
- IA Sector
- IA China/Greater China
- ISIN
- IE00BZ08YW87
- SEDOL
- BZ08YW8
- BLOOMBERG
- GUBOCXE ID
- Underlying currency
- USD
- Pricing
- Daily, forwards
- Valuation
- 23:00 Dublin time
- Deal cut off time
- 15:00 Dublin time
- Administrator
- Waystone Administration Solutions (IE) Limited
- UK Reporting Fund Status
- Yes
- ISA Eligible
- Yes
0.77%
None
Fund Registration
Please click on each country to see share class availability
Commentary
October Commentary
This is a marketing communication. Please refer to the prospectus, supplement, KIDs and KIIDs for the Funds (available on this website), which contain detailed information on their characteristics and objectives and full information on the risks, before making any final investment decisions.
Chinese stocks outperformed developed markets in the third quarter, led by Financials, but remain significantly behind year to date. Financials benefited from improving earnings and stronger capital market activity, while Information Technology lagged as investors took profits and became more cautious of the AI trade. Industrials, the largest sector in the Guinness Greater China Fund at a 22% weight, were held back by continued weakness in domestic demand, uneven manufacturing activity and currency headwinds. We believe valuations already reflect much of the current weakness in domestic demand, while assigning relatively little value to longer-term normalisation in consumption or structural growth opportunities in Industrials, including automation, power infrastructure and AI-related investment. In our view, the portfolio remains attractively valued both in absolute terms and relative to its own history. Our commentary expands on valuations and fund positioning, while also reviewing performance and the main stock movements in our 30-stock portfolio.
Read full commentary
Guinness Greater China Fund - October Commentary
October 2026
Performance
Portfolio
Top 10 Holdings
As at 30 Sept 2026
Source: Guinness Global Investors. Holdings and exposures may be subject to change
Top 10 Holdings
As at 30 Sept 2026
Source: Guinness Global Investors. Holdings and exposures may be subject to change
Literature
Ready to invest in this fund?
Choose to invest online through a platform or apply directly using an application form.