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Guinness Sustainable Global Equity Fund

The Guinness Sustainable Global Equity Fund is designed to provide investors with exposure to companies benefiting from the transition to a more sustainable economy. The Fund is managed for capital growth, and holds a concentrated portfolio of quality growth businesses, biased towards midcap companies in any industry and in any developed region.

Overview

The Guinness Sustainable Global Equity Fund is designed to provide investors with exposure to companies benefiting from the transition to a more sustainable economy. The Fund is managed for capital growth, and holds a concentrated portfolio of quality growth businesses, biased towards midcap companies in any industry and in any developed region.

We believe that over the next twenty years economies will continue to shift towards more sustainable products and services, and there will be a greater emphasis on good corporate practices. Businesses which are part of this transition are likely to benefit from a sustained growth in demand, be it in energy efficient products, medical equipment or semiconductors used in robotics & automation, while companies improving their environmental, social and governance (ESG) practices are likely to reduce their operational risks. We believe that sustainable businesses which have generated a persistently high return on capital, and where management has a strong and improving ESG focus, are able to produce superior shareholder returns through:

  • Persistent earnings growth in the future; and
  • Forward thinking management able to capitalise on secular opportunities and generate future economic value

We maintain a high conviction portfolio of around 30 equally-weighted stocks, with low turnover and no benchmark-driven constraints on sector or regional weightings.

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.
 

Sagar Thanki

Sagar Thanki

Portfolio Manager, Global Team

Joe Stephens

Joseph Stephens

Portfolio Manager, Global Team

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

The Fund is designed to provide investors with exposure to quality growth equities exposed to the transition to a more sustainable economy through a high conviction, low turnover portfolio of companies.

Why Invest?

We believe sustainable companies outperform

Companies whose products and services are enabling the transition to a more sustainable economy are likely to experience persistent top line growth as nations and consumers continue to change preferences. Businesses with strong and improving ESG practices are likely to reduce their operational risk whilst better aligning management remuneration to sustainable long-term value creation. Ultimately, we believe these sustainable companies are likely to be strategically placed for long-term value creation with more forward-thinking management teams able to better capitalise on future opportunities. We use exclusionary screens, sustainability themes and a combination of proprietary and third-party EGS research to help identify these businesses.
 

High conviction

The Fund typically invests in just 30 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 do not 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 sustainable companies which have been able to generate persistently high returns on capital and can continue to do so into the future. Sentiment and hype can often drive-up valuations of some sustainable companies; we maintain a strong value discipline to make sure we do not overpay for future growth.
 

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

The process is clear, robust, transparent, and scalable. It 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.

How do we run the Fund?


 

Quality Screen

Although the fund is designed to invest in sustainable companies, our starting point in selecting our investment universe is to identify companies with persistently high and/or improving return on capital. Specifically, we look for two separate – but not distinct – groups of companies:

  • Established compounders that have a return on capital of greater than 10% in each of the previous ten years.
  • Emerging compounders that have a return on capital of greater than 10% in each of the previous 5 years with that return on capital growing across the previous 5-year period.

Our analysis shows that established and emerging compounders are highly likely to continue generating persistently high return on capital in the future. Consequently, it shows emerging compounders are highly likely to turn into established compounders in the future. Together, they show that these businesses will continue to create shareholder value.

“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.”

On average, only 5% of global listed companies achieve our threshold. We then exclude highly leveraged businesses (net debt/EBITDA > 3), leaving a pool of around 650 companies.
 

Identifying sustainable companies

We find that companies exhibiting quality characteristics, as described above, positively correlate with better ESG scores, using MSCI ESG research methodology. Hence, we find that by first screening for high quality businesses, we indirectly exclude many businesses that have been deemed to have below average or inadequate management of ESG issues.

Intuitively, in seeking to invest in sustainable businesses that can create value over the long-term, filtering for quality businesses who have already demonstrated an ability to create above-average economic value without taking on excessive debt, makes sense.

However, this alone does not mean we end up with a pool of companies automatically deemed sustainable. In order to further increase our chances of finding these companies, we apply exclusionary screens to filter out companies whose products or services are harmful, and whose ESG practices are sub-standard. Namely we exclude companies which derive material revenue from:

  • Alcohol
  • Coal
  • Fossil fuels
  • Gambling
  • Nuclear energy
  • Palm oil
  • Tobacco
  • Weapons

We also exclude those companies which have been scored as a laggard (B or CCC rating) by MSCI and those on the Norwegian Council of Ethics exclusion list. Such businesses tend to display inadequate or worsening management of ESG issues and are vulnerable to ESG related disruptions and controversies.
 

Identifying growth

Finally, the portfolio seeks to invest in high growth business. With no one metric able to identify companies which will exhibit high future growth, we believe that looking in the midcap space is an attractive place to start. Midcaps have outperformed both their large and small cap counterparts over the long-term by growing their earnings and revenues faster – and what is more, doing so with a better return/risk ratio. We also find that many of the pure-play sustainable businesses that we seek tend to be smaller in size.

Sustainable and market cap exclusions leave the investible universe with around 450 companies.
 

Further research and stock selection

From this universe, we then seek to identify which companies are the most attractive long-term investment propositions. We apply screening and utilise scorecards based on quality, sustainability, growth, and valuation to prioritise candidates for extended due diligence.

We then subject all potential investments to detailed fundamental analysis and use sustainability themes and associated sub-themes to initially identify whether a business’ products and services can be deemed sustainable – and to what extent. The 3 broad sustainable themes currently employed are:

  1. Health & Wellbeing
  2. Productivity & Connectivity
  3. Resource Efficiency

Above all, we want to understand what competitive advantages or barriers to entry are sustaining a company’s return on investment to determine whether the returns will persist. We also recognise that sentiment and hype can sometimes drive up the valuations of sustainable companies and so we try to maintain a strict value discipline. We want to avoid paying up for high levels of expected growth in the future, and therefore use a variety of valuation tools including looking at valuations vs sectors, peers and the company’s history, as well as looking at the quality and growth metrics baked into a company’s valuation relative to alternatives.
 

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 no longer qualifies as sustainable
    - The company now derives a material portion of revenue from harmful products
    - The company’s ESG practices have deteriorated materially
  2. The balance sheet becomes stretched
  3. The valuation becomes too rich, or no longer offers compelling upside
  4. There is a change in a company’s capital budgeting approach
  5. Our original investment thesis no longer holds
  6. We find a more compelling investment idea

How do we construct the portfolio?

The Guinness Sustainable Global Equity Fund is a concentrated portfolio of around 30 equally weighted stocks. This provides a number of useful attributes:

  1. It reduces stock-specific risk, as we will not be overweight in a small number of favourite companies.
  2. We will not have a long tail of small holdings in the portfolio, which can be a distraction and a potential drag on performance.
  3. It instils 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.
  4. We are truly index independent. All companies held are weighted equally without regard to their weighting in the benchmark index, so our portfolio has a high active share.

Factsheets

 

 

Fund English French German Spanish Italian
Guinness Sustainable Global Equity Fund Download

Updates

 

 

Document
Guinness Sustainable Global Equity Fund
August 2023
Document
Guinness Sustainable Global Equity Fund
July 2023
Guinness Sustainable Global Equity Fund
April 2023
Guinness Sustainable Global Equity Fund
October 2022
Guinness Sustainable Global Equity Fund
July 2022
Guinness Sustainable Global Equity Fund
April 2022
Guinness Sustainable Global Equity Fund
October 2021
Guinness Sustainable Global Equity Fund
July 2021
Document
Guinness Sustainable Global Equity Fund
January 2023
Guinness Sustainable Global Equity Fund
January 2022
Document
Guinness Sustainable Global Equity Fund
June 2022
Guinness Sustainable Global Equity Fund
May 2022
Guinness Sustainable Global Equity Fund
April 2022
Guinness Sustainable Global Equity Fund
March 2022
Guinness Sustainable Global Equity Fund
February 2022
Guinness Sustainable Global Equity Fund
January 2022
Guinness Sustainable Global Equity Fund
November 2021
Guinness Sustainable Global Equity Fund
October 2021
Guinness Sustainable Global Equity Fund
September 2021
Guinness Sustainable Global Equity Fund
July 2021
Guinness Sustainable Global Equity Fund
June 2021

KIIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Sustainable Global Equity Fund C EUR Acc IE00BN0W2V16
Guinness Sustainable Global Equity Fund C GBP Acc IE00BN0W2T93
Guinness Sustainable Global Equity Fund C USD Acc IE00BN0W2W23
Guinness Sustainable Global Equity Fund I EUR Acc IE00BN0W2Y47
Guinness Sustainable Global Equity Fund I GBP Acc IE00BN0W2X30
Guinness Sustainable Global Equity Fund I USD Acc IE00BN0W2Z53
Guinness Sustainable Global Equity Fund Y EUR Acc IE00BN0W3180
Guinness Sustainable Global Equity Fund Y GBP Acc IE00BN0W3073
Guinness Sustainable Global Equity Fund Y USD Acc IE00BN0W3297
Guinness Sustainable Global Equity Fund Z EUR Acc IE00BN0W3412
Guinness Sustainable Global Equity Fund Z GBP Acc IE00BN0W3305
Guinness Sustainable Global Equity Fund Z USD Acc IE00BN0W3529

KIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Sustainable Global Equity Fund C EUR Acc IE00BN0W2V16
Guinness Sustainable Global Equity Fund I EUR Acc IE00BN0W2Y47
Guinness Sustainable Global Equity Fund Y EUR Acc IE00BN0W3180
Guinness Sustainable Global Equity Fund Z EUR Acc IE00BN0W3412
Guinness Sustainable Global Equity Fund C GBP Acc IE00BN0W2T93
Guinness Sustainable Global Equity Fund C USD Acc IE00BN0W2W23
Guinness Sustainable Global Equity Fund I GBP Acc IE00BN0W2X30
Guinness Sustainable Global Equity Fund I USD Acc IE00BN0W2Z53
Guinness Sustainable Global Equity Fund Y GBP Acc IE00BN0W3073
Guinness Sustainable Global Equity Fund Y USD Acc IE00BN0W3297
Guinness Sustainable Global Equity Fund Z GBP Acc IE00BN0W3305
Guinness Sustainable Global Equity Fund Z USD Acc IE00BN0W3529

Documents

 

 

Document

Guinness Asset Management Funds plc - UK Reporting Fund Status 2022

Sustainable Global Equity Fund – SFDR Pre-contractual Disclosures

Guinness Asset Management Funds plc - Prospectus

Sustainable Global Equity Fund - Approach to Sustainable Investing

Sustainable Global Equity Fund - Sustainability-Related Disclosures

Our Approach to Remuneration - Guinness Global Equities

Sustainable Global Equity Fund - Exclusion Policy

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.

The Guinness Sustainable Global Equity strategy is also available to UK investors as a UK-domiciled vehicle denominated in GBP: the TB Guinness Sustainable Global Equity.

 

Launch Date
Fund managers (start date)
Sagar Thanki (15/12/2020)
Joseph Stephens (15/12/2020)
Benchmark
MSCI World Index
IA sector
IA Global
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.

 

Fund 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 ASIAN EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQDM52 19.2792 -0.1441 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQDV44 15.4523 -0.0605 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNP33 16.4383 -0.0649 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNQ40 13.5134 -0.1771 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BDHSRG22 12.7094 -0.0947 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BDHSRH39 9.933 -0.074 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BDHSRD90 13.0525 -0.0512 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BDHSRF15 10.222 -0.0401 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BDHSRJ52 12.4004 -0.1621 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BDHSRK67 9.696 -0.1268 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPN051 9.8639 -0.129 21/09/2023
GUINNESS ASIAN EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPN168 8.8854 -0.1162 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS C GBP ACCUMULATION IE00BF2VFX37 10.2387 -0.061 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS Y GBP ACCUMULATION IE00BF2VFY44 10.8611 -0.0645 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS Y EUR ACCUMULATION IE00BF2VFZ50 11.1123 -0.1056 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS Y USD ACCUMULATION IE00BF2VG076 9.932 -0.1501 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS Z GBP ACCUMULATION IE00BF2VG183 11.0556 -0.0656 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS I USD ACCUMULATION IE00BMYPN275 8.6219 -0.1303 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS C EUR ACCUMULATION IE000IYIWG07 8.4239 -0.0802 21/09/2023
GUINNESS BEST OF ASIA FUND CLASS C USD ACCUMULATION IE0004NN3YY8 7.5892 -0.115 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS C GBP ACC IE0006BWJJW3 7.9487 -0.0141 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS C EUR ACC IE0001VD9PN1 8.1301 -0.0432 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS C USD ACC IE0005HP3H50 8.2001 -0.0894 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS I USD ACC IE000IQ9D569 8.2489 -0.0897 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS Y GBP ACC IE000I0OL207 7.996 -0.0138 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS Y EUR ACC IE000RSR0322 8.1783 -0.0431 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS Y CNH ACC IE0002QAMMW4 86.4501 -0.6961 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS Y USD ACC IE000JCEKTR0 8.2489 -0.0897 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS Z GBP ACC IE0003ZZUKD7 8.0192 -0.0139 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS Z EUR ACC IE0001MJJCX1 8.202 -0.043 21/09/2023
GUINNESS CHINA A SHARE FUND CLASS Z USD ACC IE000RSN6JG6 8.2728 -0.0898 21/09/2023
GUINNESS CHINA RMB INCOME FUND CLASS Y CNH DIST IE000026G6J3 99.8575 0.0259 21/09/2023
GUINNESS CHINA RMB INCOME FUND CLASS Y EUR DIST IE000K4N4BW3 9.4445 0.0285 21/09/2023
GUINNESS CHINA RMB INCOME FUND CLASS Y GBP DIST IE000G9JHZF4 9.2326 0.0602 21/09/2023
GUINNESS CHINA RMB INCOME FUND CLASS Y USD DIST IE000FIQDRV0 9.525 -0.0242 21/09/2023
GUINNESS CHINA RMB INCOME FUND CLASS Z EUR DIST IE0006534FS5 9.4518 0.0286 21/09/2023
GUINNESS CHINA RMB INCOME FUND CLASS Z GBP DIST IE000K9NODM9 9.2405 0.0601 21/09/2023
GUINNESS CHINA RMB INCOME FUND CLASS Z USD DIST IE000BEWEDQ4 9.5328 -0.0241 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BYV24P56 13.3736 -0.1761 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BYV24Q63 14.2516 -0.0567 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BYV24R70 11.4108 -0.0454 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BYV24S87 14.007 -0.1052 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BYV24T94 11.1996 -0.0843 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BYV24V17 14.2879 -0.1876 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BYV24W24 11.4279 -0.15 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BYV24X31 11.797 -0.0468 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BMCWC346 10.9424 -0.0824 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BMCWC239 10.4653 -0.042 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPND87 9.892 -0.1298 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPNF02 8.9567 -0.1175 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE0009746VI0 9.1927 -0.0692 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE000UPHOYQ6 9.3858 -0.0374 21/09/2023
GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE000XFJTUO9 8.2728 -0.1089 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQDW50 17.7219 -0.2402 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQF300 15.8128 -0.1576 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNS63 17.7703 -0.1779 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNT70 14.6363 -0.2813 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BYVHVZ98 13.4648 -0.1343 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BYVHWJ06 11.2797 -0.1125 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BYVHW019 13.8007 -0.1867 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BYVHW126 11.5561 -0.1563 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BYVHW233 11.9979 -0.2302 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BYVHW340 10.0197 -0.1922 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPN382 11.3567 -0.2179 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPN499 10.3817 -0.1991 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE000AHX6WT2 9.3 -0.1261 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE000N9K9CQ4 9.4949 -0.0949 21/09/2023
GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE000RAMYLN7 8.3628 -0.1607 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS D USD ACCUMULATION IE00B2Q91T05 9.3278 -0.1151 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS C USD ACCUMULATION IE00B2Q91V27 8.7358 -0.1079 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS C GBP ACCUMULATION IE00B3CCJ963 13.0883 -0.042 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS D EUR ACCUMULATION IE00B3CCJB88 13.2212 -0.0889 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS Y USD ACCUMULATION IE00B3CCJC95 10.123 -0.1248 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS Y GBP ACCUMULATION IE00B6XV0016 12.8109 -0.0408 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS C EUR ACCUMULATION IE00BGHQF524 10.3448 -0.0697 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS Y USD DISTRIBUTION IE00BG6L7638 7.5067 -0.0925 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS Y EUR ACCUMULATION IE00BFMGVR44 12.0009 -0.0806 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS I USD ACCUMULATION IE00BMYPN507 19.9408 -0.2458 21/09/2023
GUINNESS GLOBAL ENERGY FUND CLASS C CNH HEDGED DISTR IE000P8HSFB7 10.6963 -0.1355 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS D USD DISTRIBUTION IE00B3QG6N78 19.3037 -0.3042 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE00B42XCP33 18.137 -0.2862 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE00B3PB1722 23.1177 -0.1526 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS D EUR DISTRIBUTION IE00B66B5L40 24.3395 -0.2464 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00B754QH41 27.1561 -0.1784 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQF631 23.9085 -0.2424 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNV92 21.9502 -0.1449 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNW00 18.0474 -0.2847 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BVYPNZ31 19.5246 -0.1974 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BVYPP024 15.5763 -0.1574 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BVYPNY24 23.9044 -0.1571 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BVYPP131 19.1078 -0.1256 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BVYPNX17 19.6556 -0.3095 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BVYPP248 15.6748 -0.2468 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE00BDGV0183 14.8535 -0.1506 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS D EUR ACCUMULATION IE00BDGV0290 18.1663 -0.1839 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BGK8P991 13.9991 -0.2205 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BJBK7883 13.2855 -0.2093 21/09/2023
GUINNESS GLOBAL EQUITY INCOME FUND CLASS C CNH HEDGED DISTR IE000OP91FK6 10.1409 -0.1639 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS C GBP ACCUMULATION IE00BQXX3C00 26.5096 -0.2769 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS C EUR ACCUMULATION IE00BQXX3D17 23.929 -0.3349 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS C USD ACCUMULATION IE00BQXX3F31 20.36 -0.4002 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS Y GBP ACCUMULATION IE00BQXX3K83 29.039 -0.3024 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS Y EUR ACCUMULATION IE00BQXX3L90 26.1838 -0.3656 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS Y USD ACCUMULATION IE00BQXX3M08 22.363 -0.4388 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS Z GBP ACCUMULATION IE00BQXX3N15 29.6088 -0.3082 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS Z EUR ACCUMULATION IE00BQXX3P39 26.7153 -0.373 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS Z USD ACCUMULATION IE00BQXX3Q46 22.7397 -0.4461 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS I USD ACCUMULATION IE00BMYPNG19 10.7587 -0.2111 21/09/2023
GUINNESS GLOBAL INNOVATORS FUND CLASS C CNH HEDGED DISTR IE000PGA9O74 11.6283 -0.2327 21/09/2023
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C USD ACCUMULATION IE00B3QW5Z07 20.2028 -0.4358 21/09/2023
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C GBP ACCUMULATION IE00B64PRP62 25.8323 -0.319 21/09/2023
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y EUR ACCUMULATION IE00B68GW162 27.7205 -0.4398 21/09/2023
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y USD ACCUMULATION IE00B3NSFR34 22.5866 -0.4865 21/09/2023
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y GBP ACCUMULATION IE00B7MJHM43 31.2424 -0.3847 21/09/2023
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C EUR ACCUMULATION IE00BGHQF748 16.6925 -0.2655 21/09/2023
GUINNESS GLOBAL MONEY MANAGERS FUND CLASS I USD ACCUMULATION IE00BMYPMW02 11.2996 -0.2434 21/09/2023
GUINNESS GREATER CHINA FUND CLASS C EUR ACCUMULATION IE00BZ08YS42 11.9585 -0.0992 21/09/2023
GUINNESS GREATER CHINA FUND CLASS C GBP ACCUMULATION IE00BZ08YR35 14.3069 -0.0682 21/09/2023
GUINNESS GREATER CHINA FUND CLASS C USD ACCUMULATION IE00BZ08YT58 11.6895 -0.1627 21/09/2023
GUINNESS GREATER CHINA FUND CLASS Y EUR ACCUMULATION IE00BZ08YW87 12.8136 -0.1059 21/09/2023
GUINNESS GREATER CHINA FUND CLASS Y GBP ACCUMULATION IE00BZ08YV70 15.3137 -0.0725 21/09/2023
GUINNESS GREATER CHINA FUND CLASS Y USD ACCUMULATION IE00BZ08YX94 12.4818 -0.1734 21/09/2023
GUINNESS GREATER CHINA FUND CLASS Z GBP ACCUMULATION IE00BZ08YY02 15.8588 -0.0748 21/09/2023
GUINNESS GREATER CHINA FUND CLASS I USD ACCUMULATION IE00BMYPNC70 7.508 -0.1043 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS C GBP ACCUMULATION IE00BG5QQV79 12.3086 -0.0663 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS C EUR ACCUMULATION IE00BG5QQW86 12.7877 -0.1141 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS C EUR HEDGED ACC IE00BG5QQX93 10.6952 -0.0597 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS C USD ACCUMULATION IE00BG5QQY01 11.9227 -0.1736 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS C USD HEDGED ACC IE00BG5QQZ18 11.4289 -0.0629 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS O GBP ACCUMULATION IE00BG5QR034 12.8286 -0.0689 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS O EUR ACCUMULATION IE00BG5QR141 13.3314 -0.1186 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS O EUR HEDGED ACC IE00BG5QR257 11.127 -0.0618 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS O USD ACCUMULATION IE00BG5QR364 12.4257 -0.1806 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS O USD HEDGED ACC IE00BG5QR471 11.8872 -0.065 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS R GBP ACCUMULATION IE00BG5QR588 12.1911 -0.0658 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS R EUR ACCUMULATION IE00BG5QR695 12.6702 -0.1129 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS R EUR HEDGED ACC IE00BG5QR703 10.611 -0.0592 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS R USD ACCUMULATION IE00BG5QR810 11.8004 -0.1719 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS R USD HEDGED ACC IE00BG5QR927 11.3865 -0.0626 21/09/2023
GUINNESS MULTI-ASSET BALANCED FUND CLASS Y GBP ACCUMULATION IE00BG5QRB49 13.0128 -0.0698 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS C GBP ACCUMULATION IE00BG5QQP10 12.9561 -0.0988 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS C EUR ACCUMULATION IE00BG5QQQ27 13.46 -0.1503 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS C EUR HEDGED ACC IE00BG5QQR34 11.1432 -0.0869 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS C USD ACCUMULATION IE00BG5QQS41 12.5501 -0.211 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS C USD HEDGED ACC IE00BG5QRJ25 11.9495 -0.0918 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS O GBP ACCUMULATION IE00BG5QRK30 13.5031 -0.1025 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS O EUR ACCUMULATION IE00BG5QRL47 14.0341 -0.1563 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS O EUR HEDGED ACC IE00BG5QRM53 11.5779 -0.09 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS O USD ACCUMULATION IE00BG5QRN60 13.0805 -0.2195 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS O USD HEDGED ACC IE00BG5QRP84 12.3647 -0.095 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS R GBP ACCUMULATION IE00BG5QRQ91 12.8352 -0.0979 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS R EUR ACCUMULATION IE00BG5QRR09 13.3427 -0.1489 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS R EUR HEDGED ACC IE00BG5QRS16 11.0412 -0.0862 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS R USD ACCUMULATION IE00BG5QRT23 12.4233 -0.2088 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS R USD HEDGED ACC IE00BG5QRV45 11.8542 -0.0914 21/09/2023
GUINNESS MULTI-ASSET GROWTH FUND CLASS Y GBP ACCUMULATION IE00BG5QRW51 13.702 -0.104 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS D USD ACCUMULATION IE00B2PGVJ29 4.7098 -0.1095 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS C USD ACCUMULATION IE00B2PGVK34 4.3523 -0.1012 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS C GBP ACCUMULATION IE00B3CCJ633 8.1775 -0.1147 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS D EUR ACCUMULATION IE00B3CCJ740 8.2617 -0.1451 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS C EUR ACCUMULATION IE00BGHQF417 16.5527 -0.2909 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS Y GBP ACCUMULATION IE00BFYV9L73 21.1979 -0.2964 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS Y EUR ACCUMULATION IE00BFYV9M80 21.6524 -0.3799 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS Y USD ACCUMULATION IE00BFYV9N97 18.5509 -0.4309 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS I USD ACCUMULATION IE00BMYPNB63 9.8165 -0.228 21/09/2023
GUINNESS SUSTAINABLE ENERGY FUND CLASS C CNH HEDGED DISTR IE000JUVS7B9 8.9318 -0.2111 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Z USD ACCUMULATION IE00BN0W3529 10.0577 -0.1942 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Z GBP ACCUMULATION IE00BN0W3305 10.9748 -0.1107 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Z EUR ACCUMULATION IE00BN0W3412 11.4729 -0.1563 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS I GBP ACCUMULATION IE00BN0W2X30 10.8644 -0.1097 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS I EUR ACCUMULATION IE00BN0W2Y47 11.3572 -0.1548 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS I USD ACCUMULATION IE00BN0W2Z53 9.9559 -0.1922 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Y GBP ACCUMULATION IE00BN0W3073 10.8623 -0.1098 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Y EUR ACCUMULATION IE00BN0W3180 11.3554 -0.155 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Y USD ACCUMULATION IE00BN0W3297 9.9587 -0.1924 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS C GBP ACCUMULATION IE00BN0W2T93 10.5396 -0.1068 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS C EUR ACCUMULATION IE00BN0W2V16 11.0178 -0.1508 21/09/2023
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS C USD ACCUMULATION IE00BN0W2W23 9.665 -0.187 21/09/2023
TB GUINNESS ASIAN EQUITY INCOME FUND Y INCOME GBP GB00BMFKG774 88.81 -0.89 21/09/2023
TB GUINNESS ASIAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BMFKG667 98.06 -0.98 21/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Y INCOME GBP GB00BP5J6N11 105.58 -0.65 21/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BP5J6M04 108.42 -0.66 21/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Z INCOME GBP GB00BP5J6Q42 105.93 -0.65 21/09/2023
TB GUINNESS EUROPEAN EQUITY INCOME FUND Z ACCUMULATION GBP GB00BP5J6P35 108.85 -0.66 21/09/2023
TB GUINNESS GLOBAL EQUITY INCOME FUND Y INCOME GBP GB00BNGFN669 132.76 -0.11 21/09/2023
TB GUINNESS GLOBAL EQUITY INCOME FUND Y ACCUMULATION GBP GB00BNGFN776 141.83 -0.12 21/09/2023
TB GUINNESS GLOBAL INNOVATORS FUND Y ACCUMULATION GBP GB00BP5J5Y50 121.92 -0.75 21/09/2023
TB GUINNESS SUSTAINABLE ENERGY FUND Y ACCUMULATION GBP GB00BP5J6198 91.56 -0.98 21/09/2023
TB GUINNESS SUSTAINABLE ENERGY FUND Z ACCUMULATION GBP GB00BP5J6206 91.7 -0.97 21/09/2023
TB GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y ACCUMULATION GBP GB00BP5J7C70 102.28 -0.52 21/09/2023
TB GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z ACCUMULATION GBP GB00BP5J7D87 102.63 -0.52 21/09/2023
TB GUINNESS UK EQUITY INCOME FUND O OVERSEAS INCOME GB00BYX94G55 69.34 -0.08 21/09/2023
TB GUINNESS UK EQUITY INCOME FUND O OVERSEAS ACCUMULATION GB00BYX94F49 89.3 -0.1 21/09/2023
TB GUINNESS UK EQUITY INCOME FUND Y CLEAN INCOME GB00BYX94J86 74.74 -0.08 21/09/2023
TB GUINNESS UK EQUITY INCOME FUND Y CLEAN ACCUMULATION GB00BYX94H62 95.68 -0.11 21/09/2023
TB GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR INCOME GB00BYX94L09 75.57 -0.08 21/09/2023
TB GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR ACCUMULATION GB00BYX94K91 96.92 -0.11 21/09/2023
21 January 2022

Guinness Sustainable Global Equity - Covering Q4 2021

Sagar Thanki & Joseph Stephens
19 May 2021

Eight fund managers pick their top UK stock for 2021

The managers of the Guinness Sustainable Global Equity Fund discuss Halma plc – the provider of…
Document

Guinness Asset Management Funds plc - Application Form