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TB Guinness Global Energy Fund

Overview

The Guinness Global Energy strategy seeks capital growth through exposure to global energy markets.

We believe that over the next twenty years the combined effects of population growth, developing world industrialisation and diminishing fossil fuel supplies will force energy prices higher.

The world's population is growing at a rate of 1% per year and is projected to rise over the next 20 years by 1.5 billion people. Over 90% of this growth will come from developing countries. The implications for energy consumption are profound. In China and India, among the world's largest and fastest-growing economies, growing demand for electricity, cars and consumer goods will have a significant impact on the world's energy balance.

The rise in global energy demand is projected to continue long into the future. And it is highly likely that the majority of this demand will be met by mainstream energy sources like oil, natural gas and coal, supported by growth in renewable technologies.

Meanwhile, the risk that energy supplies fall short of what is required over the next few years is intensifying as, in particular, the era of low-cost, easily extractable oil comes to an end. The non-OPEC world, despite the success of shale oil in the US, struggles to grow production consistently. Any spare production capacity that OPEC countries may have today is likely to decline quickly as they respond to the expected rise in demand and shortfalls caused by events such as civil war or sanctions. Put simply, the oil industry faces a huge challenge to build up new supplies of oil to compensate for the rapid decline in existing fields.

The combination of growing demand and supply challenges signals that energy prices will move up over time. This would create a favourable environment for companies with energy reserves and for their service providers and distributors. 

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

Jonathan Waghorn

Jonathan Waghorn

Portfolio Manager, Specialist Team

DH

Dan Hobster

Investment Analyst, Specialist Team

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

Investment Case

Our stock selection is driven 50% by our top-down (macro) views and 50% by bottom-up stock analysis.

Rigorous independent analysis of the fundamental drivers of energy markets (e.g. oil supply and demand; OPEC behaviour; natural gas supply and demand; global LNG market; thermal and met coal markets). This allows us to forecast energy commodity prices and creates our top-down view, which in turn informs our energy sub-sector allocation.

Stock ideas are derived from a disciplined stock screening process. We review a universe of around 370 energy stocks each week to identify companies which look attractive on valuation, return on investment, earnings sentiment, and price momentum. Other screens specific to certain sub-sectors are also employed. Due diligence is performed on our stock ideas to establish whether we have conviction to include the stock in our portfolio. The due diligence centres around detailed financial modelling.

The portfolio comprises 30 equally weighted positions and does not follow any benchmark in its sub-sector weights, such as to ‘super-majors’. The portfolio is liquid, with 90% of the Fund normally invested in companies with a market capitalisation over US $1 billion.

 

In brief: why invest in energy?

Energy demand

Population growth and rising global wealth are driving relentless growth in the consumption of energy.
 

Energy supply

Despite improvements in alternative energy supplies, fossil fuels will remain the predominant world energy source for decades to come. However, the era of easily accessible, low-cost oil is over.
 

Energy company profits

Rising demand and depletion of low-cost energy supplies will push energy prices higher. This will create a favourable environment for companies with resource reserves, as well as their service providers and distributors.
 

Energy & inflation

Energy prices are a significant driver of inflation, which makes energy companies a useful long-term inflation hedge. If we see dollar inflation of 30-50% over the next decade (that’s just 2.7-4.3% per year), it will be surprising if oil and gas prices do not rise by a comparable percentage.
 

In detail: Energy Investment Case

“More motor vehicles will be sold over the next 20 years than have been sold in the entire history of the automobile industry.”

Supply is struggling to keep pace

High oil and natural gas prices between 2006 and 2014 incentivised energy companies to invest in new technologies, resulting in strong natural gas and oil production from unconventional shale resources in North America. This growth caused a change of production strategy from OPEC at the end of 2014, and this has led to sharply lower oil prices as OPEC grows production and defends market share while North American production starts to slow. We believe that OPEC is now producing near maximum capacity, while non-OPEC production will decline in the future as a result of lower investment levels. The industry still faces a big challenge in delivering reasonable oil supply growth at reasonable prices.
 

Favourable environment for investing in energy

The combination of growing demand and inadequate future supply signals that oil and other energy prices will move up over time. This would create a very favourable environment for companies with energy resources and for their service providers and distributors.

The Guinness Global Energy Fund seeks to capitalise on this energy price environment. We keep coming back to one key proposition: easily extractable oil and gas assets remain scarce, and it seems reasonable to believe that, as they get scarcer, they will trade at higher prices than we have yet seen. We believe shareholders in energy companies that are part of that world will be duly rewarded.
 

Surging demand for energy from developing countries

The world's population is growing at a rate of 1% per year, and is projected by the UN to rise by a further 20% (1.5 billion people) by 2030. Over 90% of this growth will come from developing countries. The implications for energy consumption are profound.

More motor vehicles will be sold over the next 20 years than have been sold throughout the entire history of the automobile industry. The surge of demand for electricity, cars and consumer goods in emerging markets will have a significant impact on the world's energy balance. China’s demand for oil per capita has not yet reached that of the OECD in 1950. There are 20 years of unrelenting oil demand growth to come as China’s vehicle fleet moves from 100 million now to 400 million by 2030, with numerous other countries following behind.

The rise in global energy demand is projected to continue long into the future. It is likely that the majority of this demand will be met by mainstream energy sources like oil, natural gas and coal.

The world’s oil consumption currently stands at around 94 million barrels per day, and continues to reach new highs each year. Even in the global recession of 2008/09, demand for oil from emerging markets continued to grow. We think that, over the next 10 years, global oil demand growth of 10-15 million barrels per day is highly plausible.

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Investment process

Our stock selection is driven 50% by our top-down (macro) views and 50% by bottom-up stock analysis. The top-down views shape our energy sub-sector allocation, whilst bottom-up analysis is designed to identify the best stocks to populate our sub-sector allocation. The investment team applies a mixture of value and growth investing, with a bias towards value.

Top-down views

Rigorous independent analysis of the fundamental drivers of energy markets (e.g. oil supply and demand; OPEC behaviour; natural gas supply and demand; global LNG market; thermal and met coal markets). This allows us to forecast energy commodity prices and creates our top-down view, which in turn informs our energy sub-sector allocation.

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Key Energy Equity Sub-Sectors

Bottom-up stock screening

The team operates a disciplined stock screening process. We review a universe of around 370 energy stocks each week to identify companies which look attractive on valuation, return on investment, earnings sentiment, and price momentum. Other screens specific to certain sub-sectors are also employed to generate ideas.
 

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Energy

Stock due diligence

Stock ideas are taken from our screens and due diligence is performed 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. Most of the positions comprise a single stock but a few are split across more than one stock, giving the portfolio 40-45 stocks in total. Our equally-weighted portfolio construction is designed 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

The Fund does not follow any benchmark in its sub-sector weights. In particular, there are no underweight restrictions; the “super-major” oil and gas sector weighting may be zero.

Portfolio Risk Controls

 

Stock specific risk

Stock specific risk in the energy sector tends to be higher than the broader market. By constructing the Fund of 30 equally-weighted positions, we avoid significant exposure to any one individual stock.
 

Emerging market exposure

Normal practice is that emerging market exposure (considered by listing and by underlying asset exposure) is limited to 20% of the Fund.
 

Liquidity

The portfolio is liquid, with 90% of the Fund normally invested in companies with a market capitalisation over US $1 billion.
 

Currency

The Fund is not hedged from a currency perspective. However, because the underlying investments have an exposure to energy commodity prices, this tends to act as a natural hedge against currency movement.

 

Factsheets

 

 

Fund English French German Spanish Italian
TB Guinness Global Energy Fund Download

KIIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
TB Guinness Global Energy Fund I ACC GBP GB00B56FW078
TB Guinness Global Energy Fund R ACC GBP GB00B5640222

Documents

Document

TB Global Energy Fund - Prospectus

TB Application 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)
Jonathan Waghorn (31/07/2019)
Will Riley (31/07/2019)
Tim Guinness (31/07/2019)
Benchmark
MSCI World Energy Index
IA sector
IA Commodities and Natural Resources
Structure
UK OEIC (UCITS)
Domicile
UK
Underlying currency
Pounds Sterling
Pricing
Daily, forwards
Valuation
1200 UK time
Deal cut off time
1200 UK time
Administrator
T. Bailey Fund Services Limited
Custodian
Northern Trust
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 ACC GBP 0.95% 0.00% 1000 GB00B56FW078 B56FW07 ARTGLEI LN
R ACC GBP 1.70% 0.00% 0 GB00B5640222 B564022 ARTGLER LN

Share Prices

The Funds are priced every working day at 12.00 UK time and updated here the following day.

 

Fund name Isin Fund price (+/-) Date
GUINNESS GLOBAL EQUITY INCOME FUND D USD DISTRIBUTION IE00B3QG6N78 18.923 0.0324 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C USD DISTRIBUTION IE00B42XCP33 17.8532 0.0303 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C GBP DISTRIBUTION IE00B3PB1722 23.044 -0.1029 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND D EUR DISTRIBUTION IE00B66B5L40 24.4456 -0.0405 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Z GBP DISTRIBUTION IE00B754QH41 26.81 -0.1189 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQF631 23.5984 -0.0394 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNV92 21.4126 -0.0956 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNW00 17.3947 0.0295 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y EUR ACCUMULATION IE00BVYPNZ31 19.1131 -0.0314 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BVYPP024 15.5794 -0.0256 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y GBP ACCUMULATION IE00BVYPNY24 23.1273 -0.1027 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BVYPP131 18.8895 -0.0839 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y USD ACCUMULATION IE00BVYPNX17 18.7891 0.0324 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y USD DISTRIBUTION IE00BVYPP248 15.302 0.0264 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C EUR DISTRIBUTION IE00BDGV0183 14.9802 -0.025 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND D EUR ACCUMULATION IE00BDGV0290 17.8568 -0.0296 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND I USD DISTRIBUTION IE00BGK8P991 13.6903 0.0236 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND I USD ACCUMULATION IE00BJBK7883 12.7222 0.0219 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C USD ACCUMULATION IE00B3QW5Z07 20.8537 -0.0046 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C GBP ACCUMULATION IE00B64PRP62 26.9875 -0.1726 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y EUR ACCUMULATION IE00B68GW162 29.0018 -0.1032 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y USD ACCUMULATION IE00B3NSFR34 23.0752 -0.0043 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y GBP ACCUMULATION IE00B7MJHM43 32.3048 -0.2055 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C EUR ACCUMULATION IE00BGHQF748 17.645 -0.0634 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND I USD ACCUMULATION IE00BMYPMW02 11.5395 -0.0021 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDW50 16.5105 0.1233 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Z GBP DISTRIBUTION IE00BGHQF300 14.8657 0.0705 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNS63 16.3623 0.0769 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNT70 13.3154 0.1439 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP ACCUMULATION IE00BYVHVZ98 12.2859 0.0581 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BYVHWJ06 10.6517 0.0503 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYVHW019 12.7412 0.0955 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYVHW126 11.0365 0.0828 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y USD ACCUMULATION IE00BYVHW233 10.8164 0.1172 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y USD DISTRIBUTION IE00BYVHW340 9.3398 0.1012 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN382 10.2409 0.1111 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN499 9.6793 0.105 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C EUR DISTRIBUTION IE000AHX6WT2 8.9633 0.0669 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C GBP DISTRIBUTION IE000N9K9CQ4 9.0499 0.0425 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C USD DISTRIBUTION IE000RAMYLN7 7.8684 0.0851 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDM52 18.3909 0.1989 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQDV44 15.1239 0.1223 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNP33 15.4978 0.1248 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNQ40 12.5879 0.1781 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BDHSRG22 12.0143 0.1303 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BDHSRH39 9.8508 0.1069 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BDHSRD90 12.1947 0.0986 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BDHSRF15 10.0173 0.081 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BDHSRJ52 11.4468 0.1622 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BDHSRK67 9.3774 0.1329 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN051 9.1004 0.129 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN168 8.5877 0.1217 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND C GBP ACCUMULATION IE00BQXX3C00 22.9978 -0.1205 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND C EUR ACCUMULATION IE00BQXX3D17 21.0043 -0.0512 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND C USD ACCUMULATION IE00BQXX3F31 17.4516 0.0163 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Y GBP ACCUMULATION IE00BQXX3K83 24.9686 -0.1301 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Y EUR ACCUMULATION IE00BQXX3L90 22.7796 -0.0549 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Y USD ACCUMULATION IE00BQXX3M08 18.9984 0.0183 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Z GBP ACCUMULATION IE00BQXX3N15 25.4271 -0.1324 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Z EUR ACCUMULATION IE00BQXX3P39 23.2133 -0.0559 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Z USD ACCUMULATION IE00BQXX3Q46 19.2945 0.0186 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND I USD ACCUMULATION IE00BMYPNG19 9.1421 0.0088 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS C EUR ACCUMULATION IE00BZ08YS42 12.6891 0.0482 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS C GBP ACCUMULATION IE00BZ08YR35 15.0038 0.0154 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS C USD ACCUMULATION IE00BZ08YT58 12.1122 0.0867 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Y EUR ACCUMULATION IE00BZ08YW87 13.4736 0.0516 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Y GBP ACCUMULATION IE00BZ08YV70 15.9145 0.0167 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Y USD ACCUMULATION IE00BZ08YX94 12.8164 0.0921 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Z GBP ACCUMULATION IE00BZ08YY02 16.4077 0.0174 24/11/2022
GUINNESS BEST OF CHINA FUND I USD ACCUMULATION IE00BMYPNC70 7.709 0.0553 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD ACCUMULATION IE00BYV24P56 12.192 0.1576 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP ACCUMULATION IE00BYV24Q63 13.0309 0.0894 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BYV24R70 10.8818 0.0746 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYV24S87 12.9594 0.1247 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYV24T94 10.8092 0.104 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD ACCUMULATION IE00BYV24V17 12.9076 0.1672 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD DISTRIBUTION IE00BYV24W24 10.7548 0.1394 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Z GBP DISTRIBUTION IE00BYV24X31 11.1995 0.077 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR ACCUMULATION IE00BMCWC346 10.2155 0.098 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP ACCUMULATION IE00BMCWC239 9.6562 0.066 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPND87 8.9311 0.1158 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPNF02 8.4248 0.1092 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR DISTRIBUTION IE0009746VI0 8.9536 0.086 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP DISTRIBUTION IE000UPHOYQ6 9.0339 0.0616 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD DISTRIBUTION IE000XFJTUO9 7.8602 0.1016 24/11/2022
GUINNESS BEST OF ASIA FUND C GBP ACCUMULATION IE00BF2VFX37 9.8458 -0.008 24/11/2022
GUINNESS BEST OF ASIA FUND Y GBP ACCUMULATION IE00BF2VFY44 10.3499 -0.0079 24/11/2022
GUINNESS BEST OF ASIA FUND Y EUR ACCUMULATION IE00BF2VFZ50 10.7146 0.0216 24/11/2022
GUINNESS BEST OF ASIA FUND Y USD ACCUMULATION IE00BF2VG076 9.3514 0.0503 24/11/2022
GUINNESS BEST OF ASIA FUND Z GBP ACCUMULATION IE00BF2VG183 10.4886 -0.0079 24/11/2022
GUINNESS BEST OF ASIA FUND I USD ACCUMULATION IE00BMYPN275 8.115 0.0437 24/11/2022
GUINNESS BEST OF ASIA FUND C EUR ACCUMULATION IE000IYIWG07 8.195 0.0164 24/11/2022
GUINNESS BEST OF ASIA FUND C USD ACCUMULATION IE0004NN3YY8 7.2084 0.0386 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C GBP ACCUMULATION IE00BG5QQP10 12.6099 -0.0185 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C EUR ACCUMULATION IE00BG5QQQ27 13.2555 0.0176 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C EUR HEDGED ACCUMULATION IE00BG5QQR34 10.9995 -0.0185 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C USD ACCUMULATION IE00BG5QQS41 12.0686 0.0564 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C USD HEDGED ACCUMULATION IE00BG5QRJ25 11.5893 -0.0172 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O GBP ACCUMULATION IE00BG5QRK30 13.0343 -0.0188 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O EUR ACCUMULATION IE00BG5QRL47 13.7073 0.0185 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O EUR HEDGED ACCUMULATION IE00BG5QRM53 11.3354 -0.0187 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O USD ACCUMULATION IE00BG5QRN60 12.4753 0.0587 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O USD HEDGED ACCUMULATION IE00BG5QRP84 11.8952 -0.0174 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R GBP ACCUMULATION IE00BG5QRQ91 12.5128 -0.0184 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R EUR ACCUMULATION IE00BG5QRR09 13.1569 0.0175 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R EUR HEDGED ACCUMULATION IE00BG5QRS16 10.9169 -0.0184 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R USD ACCUMULATION IE00BG5QRT23 11.9663 0.0559 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R USD HEDGED ACCUMULATION IE00BG5QRV45 11.515 -0.0173 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND Y GBP ACCUMULATION IE00BG5QRW51 13.2045 -0.019 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C GBP ACCUMULATION IE00BG5QQV79 12.0999 -0.02 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C EUR ACCUMULATION IE00BG5QQW86 12.7198 0.0146 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C EUR HEDGED ACCUMULATION IE00BG5QQX93 10.6676 -0.019 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C USD ACCUMULATION IE00BG5QQY01 11.5804 0.0521 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C USD HEDGED ACCUMULATION IE00BG5QQZ18 11.2087 -0.0166 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O GBP ACCUMULATION IE00BG5QR034 12.5076 -0.0203 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O EUR ACCUMULATION IE00BG5QR141 13.1518 0.0154 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O EUR HEDGED ACCUMULATION IE00BG5QR257 11.006 -0.0192 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O USD ACCUMULATION IE00BG5QR364 11.9699 0.0542 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O USD HEDGED ACCUMULATION IE00BG5QR471 11.5588 -0.0175 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R GBP ACCUMULATION IE00BG5QR588 12.0042 -0.0199 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R EUR ACCUMULATION IE00BG5QR695 12.6237 0.0145 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R EUR HEDGED ACCUMULATION IE00BG5QR703 10.6005 -0.0189 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R USD ACCUMULATION IE00BG5QR810 11.4805 0.0515 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R USD HEDGED ACCUMULATION IE00BG5QR927 11.1846 -0.0166 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND Y GBP ACCUMULATION IE00BG5QRB49 12.6663 -0.0205 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z USD ACCUMULATION IE00BN0W3529 10.2287 0.043 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z GBP ACCUMULATION IE00BN0W3305 11.296 -0.022 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z EUR ACCUMULATION IE00BN0W3412 11.9444 0.01 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I GBP ACCUMULATION IE00BN0W2X30 11.2281 -0.0219 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I EUR ACCUMULATION IE00BN0W2Y47 11.8772 0.0099 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I USD ACCUMULATION IE00BN0W2Z53 10.1715 0.0426 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y GBP ACCUMULATION IE00BN0W3073 11.2302 -0.022 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y EUR ACCUMULATION IE00BN0W3180 11.8786 0.0098 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y USD ACCUMULATION IE00BN0W3297 10.1728 0.0426 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C GBP ACCUMULATION IE00BN0W2T93 10.9958 -0.0219 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C EUR ACCUMULATION IE00BN0W2V16 11.6305 0.0092 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C USD ACCUMULATION IE00BN0W2W23 9.9627 0.0414 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND D USD ACCUMULATION IE00B2PGVJ29 5.4752 0.0474 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND C USD ACCUMULATION IE00B2PGVK34 5.0805 0.044 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND C GBP ACCUMULATION IE00B3CCJ633 9.6613 0.0243 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND D EUR ACCUMULATION IE00B3CCJ740 9.8354 0.0523 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND C EUR ACCUMULATION IE00BGHQF417 19.7872 0.1049 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND Y GBP ACCUMULATION IE00BFYV9L73 24.7994 0.0634 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND Y EUR ACCUMULATION IE00BFYV9M80 25.6303 0.1367 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND Y USD ACCUMULATION IE00BFYV9N97 21.443 0.186 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND I USD ACCUMULATION IE00BMYPNB63 11.3544 0.0985 24/11/2022
GUINNESS GLOBAL ENERGY FUND D USD ACCUMULATION IE00B2Q91T05 9.0647 0.0251 24/11/2022
GUINNESS GLOBAL ENERGY FUND C USD ACCUMULATION IE00B2Q91V27 8.5245 0.0235 24/11/2022
GUINNESS GLOBAL ENERGY FUND C GBP ACCUMULATION IE00B3CCJ963 12.9264 -0.0439 24/11/2022
GUINNESS GLOBAL ENERGY FUND D EUR ACCUMULATION IE00B3CCJB88 13.1575 -0.0078 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y USD ACCUMULATION IE00B3CCJC95 9.797 0.0273 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y GBP ACCUMULATION IE00B6XV0016 12.5485 -0.0423 24/11/2022
GUINNESS GLOBAL ENERGY FUND C EUR ACCUMULATION IE00BGHQF524 10.3375 -0.0062 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y USD DISTRIBUTION IE00BG6L7638 7.4776 0.0208 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y EUR ACCUMULATION IE00BFMGVR44 11.894 -0.0069 24/11/2022
GUINNESS GLOBAL ENERGY FUND I USD ACCUMULATION IE00BMYPN507 19.2987 0.0538 24/11/2022
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
27 October 2022

Tim Guinness on Citywire Funds Fanatic podcast: asset management through boom and bust

Founder and Chairman, Tim Guinness discussed founding (at least) two asset managers, the evolving…
13 October 2022

Guinness Global Energy Fund - Webcast - Covering Q3 2022

Date: Oct 13, 2022 02:00 PM [GMT+1]Jonathan Waghorn & Will Riley
28 July 2022

Fidelity Podcast: Are energy price rises here to stay?

Jonathan Waghorn, manager of the Guinness Global Energy Fund joins Fidelity International to…
21 July 2022

Guinness Global Energy Fund - Webcast - Covering Q2 2022

Date: JUL 21, 2022 11:00 AM [GMT+1]Jonathan Waghorn & Will Riley
2 October 2021

How to cash in on the international supply crisis

Demand for oil, copper and other commodities is growing — could this help investors to beat the…
20 April 2020

Initial thoughts from April 2020 OPEC+ deal

Will Riley, CA and Jonathan Waghorn – co-managers of the Guinness Global Energy Fund – give their…
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