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Guinness Greater China Fund

The Guinness Greater China Fund was known as the Guinness Best of China Fund until 19.12.22. The Guinness Greater China strategy invests in quality companies with exposure to the development and growth of the Greater China region.

Overview

The Guinness Greater China Fund invests in quality, profitable companies which give exposure to the structural growth themes in China. 

The process is designed to give this exposure while mitigating the risks involved with investing in China. The Fund also has a valuation discipline designed to avoid overpaying for future growth. 

The Chinese economy is the second largest in the world, and we think at some point it will surpass the US to become the world’s largest. However, China’s share of global equity markets is much smaller than its share of GDP, in stark contrast to other major economies. We believe that over time this gap should close, and Chinese markets are likely to take up a significantly larger share of major equity benchmarks. We expect that in the medium term, many investors are likely split China out of their emerging markets allocation and may have a dedicated China equity allocation. Therefore, investors should be thinking seriously about China today, in order to take advantage of this expected future demand.

Although investing in China presents many opportunities, it also brings challenges. These include government influence, relatively volatile equity markets, market access issues, corporate governance, language barriers, geopolitical tensions and accounting issues. While these are real challenges, we do not believe they are insurmountable. With a carefully designed process, we argue, investors can avoid companies which are exposed to these issues. 

We adopt a disciplined approach towards investing in China. We keep it as simple as we can, so it is both understandable and repeatable on a consistent basis. We identify what we believe are China’s long-term structural growth themes and have created an investment universe of companies that we believe are best placed to convert these themes into superior profitability. To enter our investment universe, a company not only needs to give exposure to one of the themes, but must also have a superior cash return on investment without having excessive debt on its balance sheet. From this universe we select a small group of companies for the portfolio whose current market price undervalues the probable future returns on capital over the next three to five years. 

Investment Team

High quality funds are run by high quality people.

We pride ourselves of having a collegial culture, with teams across the business successfully working together to achieve positive outcomes for our investors.

Sharukh Malik

Sharukh Malik

Portfolio Manager, Asian & Emerging Markets

Edmund Harriss

Edmund Harriss

Director, Chief Investment Officer, Portfolio Manager

How to Invest

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

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Factsheets

 

 

Fund English French German Spanish Italian
Guinness Greater China Fund Download Download Download Download Download

Updates

 

 

Document
Guinness Greater China Fund
September 2023
Document
Guinness Greater China Fund
August 2023
Guinness Greater China Fund
July 2023
Guinness Greater China Fund
April 2023
Guinness Greater China Fund
October 2022
Guinness Best of China Fund
July 2022
Guinness Best of China Fund
April 2022
Guinness Best of China Fund
October 2021
Guinness Best of China Fund
July 2021
Guinness Best of China Fund
April 2021
Document
Guinness Greater China Fund
January 2023
Guinness Best of China Fund
January 2022
Guinness Greater China Fund
January 2021
Guinness Greater China Fund
January 2020
Document
Guinness Greater China Fund
September 2023
Guinness Greater China Fund
August 2023
Guinness Greater China Fund
July 2023
Guinness Greater China Fund
June 2023
Guinness Greater China Fund
May 2023
Guinness Greater China Fund
April 2023
Guinness Greater China Fund
February 2023
Guinness Greater China Fund
January 2023
Guinness Best of China Fund
December 2022
Guinness Best of China Fund
November 2022
Guinness Best of China Fund
October 2022
Guinness Greater China Fund
October 2022
Guinness Best of China Fund
September 2022
Guinness Best of China Fund
August 2022

KIIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Greater China Fund C EUR ACC IE00BZ08YS42
Guinness Greater China Fund C GBP ACC IE00BZ08YR35
Guinness Greater China Fund C USD ACC IE00BZ08YT58
Guinness Greater China Fund I USD Acc IE00BMYPNC70
Guinness Greater China Fund Y EUR ACC IE00BZ08YW87
Guinness Greater China Fund Y GBP ACC IE00BZ08YV70
Guinness Greater China Fund Y USD ACC IE00BZ08YX94
Guinness Greater China Fund Z GBP ACC IE00BZ08YY02

KIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Greater China Fund C EUR ACC IE00BZ08YS42
Guinness Greater China Fund C USD ACC IE00BZ08YT58
Guinness Greater China Fund Y EUR ACC IE00BZ08YW87
Guinness Greater China Fund Y USD ACC IE00BZ08YX94
Guinness Greater China Fund I USD Acc IE00BMYPNC70
Guinness Greater China Fund C GBP ACC IE00BZ08YR35
Guinness Greater China Fund Y GBP ACC IE00BZ08YV70
Guinness Greater China Fund Z GBP ACC IE00BZ08YY02

Documents

 

 

Document

Guinness Asset Management Funds plc - UK Reporting Fund Status 2022

Greater China Fund – SFDR Pre-contractual Disclosures

Guinness Asset Management Funds plc - Prospectus

Asian & EM - Approach to Responsible Investment and ESG

Greater China Fund - Sustainability-Related Disclosures

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)
Sharukh Malik (30/06/2020)
Edmund Harriss (15/12/2015)
Benchmark
MSCI Golden Dragon Index
IA sector
IA China & Greater China
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 1.99% 5.00% - IE00BZ08YS42 BZ08YS4 GUBOCCE ID
C GBP ACC 1.99% 5.00% - IE00BZ08YR35 BZ08YR3 GUBOCCG ID
C USD ACC 1.99% 5.00% - IE00BZ08YT58 BZ08YT5 GUBOCCU ID
I USD Acc 0.89% 0.00% 10,000,000 IE00BMYPNC70 BMYPNC7 GUBCHIU ID
Y EUR ACC 0.89% 5.00% - IE00BZ08YW87 BZ08YW8 GUBOCXE ID
Y GBP ACC 0.89% 5.00% - IE00BZ08YV70 BZ08YV7 GUBOCXG ID
Y USD ACC 0.89% 5.00% - IE00BZ08YX94 BZ08YX9 GUBOCXU ID
Z GBP ACC 0.35% 0.00% - IE00BZ08YY02 BZ08YY0 GUBOCZG 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
TB GUINNESS ASIAN EQUITY INCOME FUND Y INCOME GBP GB00BMFKG774 89.87 0.26 29/09/2023
TB GUINNESS ASIAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BMFKG667 99.23 0.3 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Y INCOME GBP GB00BP5J6N11 105.21 1.92 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BP5J6M04 108.03 1.97 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Z INCOME GBP GB00BP5J6Q42 105.56 1.92 29/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Z ACCUMULATION GBP GB00BP5J6P35 108.47 1.98 29/09/2023
TB GUINNESS GLOBAL EQUITY INCOME FUND Y INCOME GBP GB00BNGFN669 130.82 0.77 29/09/2023
TB GUINNESS GLOBAL EQUITY INCOME FUND Y ACCUMULATION GBP GB00BNGFN776 139.76 0.81 29/09/2023
TB GUINNESS GLOBAL INNOVATORS FUND Y ACCUMULATION GBP GB00BP5J5Y50 120.78 1.01 29/09/2023
TB GUINNESS SUSTAINABLE ENERGY FUND Y ACCUMULATION GBP GB00BP5J6198 89.96 0.87 29/09/2023
TB GUINNESS SUSTAINABLE ENERGY FUND Z ACCUMULATION GBP GB00BP5J6206 90.1 0.87 29/09/2023
TB GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y ACCUMULATION GBP GB00BP5J7C70 101.91 1.39 29/09/2023
TB GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z ACCUMULATION GBP GB00BP5J7D87 102.27 1.39 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND O OVERSEAS INCOME GB00BYX94G55 69.26 1.21 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND O OVERSEAS ACCUMULATION GB00BYX94F49 89.18 1.54 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Y CLEAN INCOME GB00BYX94J86 74.66 1.3 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Y CLEAN ACCUMULATION GB00BYX94H62 95.58 1.67 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR INCOME GB00BYX94L09 75.49 1.31 29/09/2023
TB GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR ACCUMULATION GB00BYX94K91 96.83 1.69 29/09/2023
11 October 2023

Guinness Greater China Fund - Webcast - Covering Q3 2023

Date: Oct 11, 2023 11:00 AM [GMT+1]Sharukh Malik
13 September 2023

A Deep Dive into China’s Property Problems and the Investment Case for China Today

Date: Sep 19, 2023 Sharukh Malik
24 July 2023

‘You have to forget what you read in the Western press’: How to properly play China

PODCAST: Sharukh Malik discusses how learning Mandarin, monitoring Chinese social media and other…
11 July 2023

Guinness Greater China Fund - Webcast - Covering Q2 2023

Date: Jul 11, 2023 11:00 AM [GMT+1] Sharukh Malik
13 April 2023

Guinness Greater China Fund - Webcast - Covering Q1 2023

Date: Apr 13, 2023 11:00 AM [GMT+1] Sharukh Malik
16 February 2023

Investors shouldn’t ignore China

Investors with no asset allocation in China will miss out further down the line. This warning comes…
26 January 2023

Guinness rebrands Best of China fund

Guinness Global Investors has rebranded the firm’s Best of China fund to the Guinness Greater China…
13 January 2023

Guinness Greater China Fund - Webcast - Covering Q4 2022

Date: Jan 13, 2023 11:00 AM [GMT+0] Sharukh Malik
16 December 2022

Guinness Greater China - Investment Case

Investing in China offers investors numerous opportunities, including exposure to China's…

 

Guinness Greater China Fund is an equity fund. Investors should be willing and able to assume the risks of equity investing. The Fund only invests in the Greater China region; it is therefore susceptible to the performance of that region, 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 0.89%. 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.