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WS Guinness Global Equity Income Fund

The Guinness Global Equity Income strategy is designed to provide income and capital growth by investing in companies that can pay sustainable, growing dividends.

Overview

The Guinness Global Equity Income strategy is designed to provide income and capital growth by investing in companies that can pay sustainable, growing dividends

Amid persistently low interest rates, dividend-paying equities offer an attractive combination of liquidity and yield. While the potential for income is important for many investors, the case for global equity income goes much further.

Thanks to the power of compounding, re-invested dividends make a gradual but potent contribution to long-term returns. Historic equity market returns show that over long timeframes this rises to significantly over 50 per cent. In periods of low growth this can be even more striking. The 1940s and 1970s, for example, were periods defined by some combination of sluggish economic growth, rising inflation, and high unemployment. During these decades dividends accounted for over 75 per cent of the total returns of the S&P500.

The effect of dividends is apparent when comparing historic long-term returns of stocks which pay dividends with those that have not. Not only have dividend-payers outperformed on average, but dividend-growers and initiators have outperformed further still.

In addition to the compounding effect, part of the reason for this lies in the nature of dividend-paying companies. First, a history of paying a dividend – which unlike many accounting figures is a ‘hard’ cash payment – can indicate past value creation by a company. Moreover, a long history of paying dividends can instil capital discipline in company management. A commitment to a dividend leaves no room for vanity projects or frivolous uses of shareholders’ capital. A focused management team that uses the cash available to them efficiently is central to creating a well-run (and profitable) company that is able to grow and thrive in the future.

The array of companies around the world paying dividends has increased significantly in recent years. Investors can now find a range of dividend-paying companies giving genuine global diversification and exposure to a healthy range of industries in a 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.
 

Dr Ian Mortimer

Dr Ian Mortimer

Portfolio Manager, Global Team

Matt Page

Matthew Page

Portfolio Manager, Global Team

William Van Der Weyden

William van der Weyden

Investment Analyst, Global Team

DREW Jack

Jack Drew

Investment Analyst, Global Team

Sagar Thanki

Sagar Thanki

Portfolio Manager, Global Team

Joe Stephens

Joseph Stephens

Portfolio Manager, Global Team

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Guinness Investor Conference with Matt Page speaking

2023 Investor Conferences

For insights into 2023's uncertain markets and how our portfolio managers approach them, join us for a series of professional investor conferences in the South West of England.

Bringing a range of expertise, the investment team will cover Global Equities, Energy & the energy transition, how to approach Asia & EM, and developments in the tax-advantaged space.

Register today for a rewarding half-day of investment ideas and expert opinions at three congenial locations.

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 approach to investing in dividend-paying companies is to focus on companies that can sustainably grow their dividend into the future, rather than simply looking for companies with a high dividend yield. Consistent high return on capital is a good indicator of a company’s ability to pay healthy dividends and so we invest in companies that are unusually consistent in generating returns on capital above their cost of capital.

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 good companies that have, in the short term, fallen out of favour, but that have previously shown an ability to weather most economic environments over time. 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 for between 3 and 5 years in a portfolio of 35 companies, with equal amounts invested in each.

Why invest in the Guinness Global Equity Income Fund?

The Fund is designed to provide investors with exposure to global equities through a high conviction, low turnover portfolio of consistently profitable dividend-paying companies.

The case for a Global Equity Income Fund

How do we run the Fund?

How do we construct the portfolio?

 

Focus on consistent high return on capital

Consistent high return on capital is a good indication of a company’s ability to pay healthy dividends. The Fund invests in companies that are unusually consistent in generating returns on capital above their cost of capital.
 

Growth and income

Our approach to dividend investing is to focus on companies that can sustainably grow their dividend into the future, rather than simply looking for companies with a high dividend yield.
 

High conviction

The Fund typically invests in just 35 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 don’t 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 good companies that have, in the short term, fallen out of favour, but that have previously shown an ability to weather most economic environments over time.
 

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

Ian Mortimer and Matthew Page have managed the Fund since launch. They have developed an investment process that is clear, robust, transparent, and scalable. Their approach 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.

The case for a global equity income fund

"Dividends make a gradual but potent contribution to long-term returns."

 

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Dividend growers have outperformed for 30 years

Efficient use of cash is paramount in creating a well-run, profitable company that will thrive. Management discipline is required to maintain dividend growth and can be a signal of a well-run company. Using the example of the US stock market, the evidence for this is clear in the returns of dividend paying and non-dividend paying companies over the last forty years. It is also informative to note that companies that cut their dividend were the worst performing group over this period –illustrating that not all dividend-paying companies are created equal.

Power of compounding

For investors, reinvesting dividends delivers a significant proportion of your total return. And in periods of low growth this can be even more striking. The 1940s and 1970s, for example, were periods defined by some combination of sluggish economic growth, rising inflation, and high unemployment. During these decades dividends accounted for over 75% of the total returns of the S&P500.
 

Dividends can protect against inflation

Looking again at the US as an example, dividends in the US stock market have grown at an average 6% per year since the 1940s, while inflation grew at 4%. Investing in dividend-paying companies can protect against inflation over long periods: the income received in dividend payments has grown in line or at a higher rate than inflation.
 

Global diversity

The array of stocks around the world paying dividends has increased significantly in the last decade. We can now invest in a basket of dividend-paying companies that gives you genuine global diversity and exposure to a healthy range of industries in your portfolio. In contrast, just six companies now account for over 40% of all dividend payments in the UK.

How do we run the Fund?

“We don’t chase yield, we want capital and dividend growth.”

Although the Fund is designed to invest in dividend-paying companies, our starting point in selecting our investment universe is to identify companies with consistently high return on capital. Specifically we look at companies that have a return on capital of greater than 10% in each of the previous ten years.

Our analysis shows that companies with persistently high return on capital are highly likely to continue to do so in the future – meaning they will continue to create shareholder value.

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Guinness Global Investors - Our Team

Why 10% and why ten years?

10% return on capital…
10% is well above the average real cost of capital of 6%. This means companies who achieve this level are truly creating value for their shareholders.

…every year…
Consistency each year excludes highly cyclical companies or those with high but declining or volatile earnings.

…for ten years
Because business cycles tend to last less than ten years, the companies in our investible universe have shown they can weather most economic environments.

On average, only 3% of global listed companies achieve our threshold. We then exclude those less than $1 billion in size or with a debt to equity ratio greater than 1. This gives us a pool of around 400 companies from which to build our portfolio.
 

“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.”

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What about yield?

Companies that earn a consistent high return on capital often distribute a proportion of cash they create in the form of a dividend. In the Fund, however, we focus on those companies that can sustainably grow their dividend into the future.

From this pool we then select candidates for extended research on the basis of value and sentiment. In depth proprietary modelling of a company’s cash flow, capital budgeting and potential for dividend growth is combined with a subjective analysis of its business model to identify candidates for inclusion in the final portfolio.

By selecting companies from a broad range of industries, countries, and market capitalisation we aim to create a well-diversified portfolio which can provide a reasonable dividend yield and growing income stream at an attractive valuation relative to the broad market.

    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 fails to continue to meet our return on capital criteria
    2. The valuation becomes too rich
    3. The balance sheet becomes stretched
    4. The dividend outlook or management policy to dividends changes unfavourably
    5. The original investment thesis no longer holds
    6. Yield contribution to the portfolio is insufficient

     

    How do we construct the portfolio

    The Guinness Global Equity Income Fund is a concentrated portfolio of around 35 equally weighted stocks. This provides a number of useful attributes:
     

    Reduced Risk

    It reduces stock-specific risk, as we will not be overweight in a small number of favourite companies.
     

    High Performance

    We will not have a long tail of small holdings in the portfolio, which can be a distraction and a potential drag on performance.
     

    Independent

    We are truly index independent. All companies held are weighted equally without regard to their weighting in the benchmark index leading the portfolio to have a high active weight.
     

    Discipline

    It instills 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. 

    Factsheets

     

     

    Fund English French German Spanish Italian
    WS Guinness Global Equity Income Fund Download

    Updates

     

     

     

    Document
    WS Guinness Global Equity Income Fund
    November 2023
    Document
    WS Guinness Global Equity Income Fund
    October 2023
    WS Guinness Global Equity Income Fund
    July 2023
    WS Guinness Global Equity Income Fund
    April 2023
    WS Guinness Global Equity Income Fund
    October 2022
    WS Guinness Global Equity Income Fund
    July 2022
    Document
    WS Guinness Global Equity Income Fund
    November 2023
    WS Guinness Global Equity Income Fund
    October 2023
    WS Guinness Global Equity Income Fund
    September 2023
    WS Guinness Global Equity Income Fund
    August 2023
    WS Guinness Global Equity Income Fund
    July 2023
    WS Guinness Global Equity Income Fund
    June 2023
    WS Guinness Global Equity Income Fund
    May 2023
    WS Guinness Global Equity Income Fund
    April 2023
    WS Guinness Global Equity Income Fund
    March 2023
    WS Guinness Global Equity Income Fund
    November 2022
    WS Guinness Global Equity Income Fund
    October 2022
    WS Guinness Global Equity Income Fund
    August 2022
    WS Guinness Global Equity Income Fund
    July 2022
    WS Guinness Global Equity Income Fund
    June 2022

    KIIDS

     

     

    Fund Class ISIN English French German Spanish Italian Swedish Finnish
    WS Guinness Global Equity Income Fund Y ACC GBP GB00BNGFN776
    WS Guinness Global Equity Income Fund Y INC GBP GB00BNGFN669

    Documents

    Document

    WS Guinness Funds - Prospectus

    WS Guinness Funds - Reports & Accounts and Value Assessment

    WS Guinness Funds - Supplementary Information Document

    Global Equity Income Fund - Approach to Responsible Investment and ESG

    Global Equity Income Fund – Exclusion Policy

    Our Approach to Remuneration - Guinness Global Equities

    WS Guinness Investment Funds - Application Form

    WS Guinness Funds - 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)
    Dr Ian Mortimer, CFA (09/11/2020)
    Matthew Page, CFA (09/11/2020)
    Benchmark
    MSCI World Index
    IA sector
    IA Global Equity Income
    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
    Waystone Fund Services (UK) 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
    Y ACC GBP 0.79% 5.00% 1000 GB00BNGFN776 BNGFN77 WSGEIYG LN
    Y INC GBP 0.79% 5.00% 1000 GB00BNGFN669 BNGFN66 WSGUIYI 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 ASIAN EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQDM52 19.6373 0.0986 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQDV44 15.6735 0.0347 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNP33 16.6336 0.0363 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNQ40 14.0885 -0.0115 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BDHSRG22 12.9728 0.0655 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BDHSRH39 10.1388 0.0512 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BDHSRD90 13.2355 0.0292 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BDHSRF15 10.3653 0.0229 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BDHSRJ52 12.9555 -0.0102 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BDHSRK67 10.13 -0.008 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPN051 10.3067 -0.0082 30/11/2023
    GUINNESS ASIAN EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPN168 9.2841 -0.0074 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS C GBP ACCUMULATION IE00BF2VFX37 9.9436 0.0434 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS Y GBP ACCUMULATION IE00BF2VFY44 10.5716 0.0465 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS Y EUR ACCUMULATION IE00BF2VFZ50 10.8872 0.079 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS Y USD ACCUMULATION IE00BF2VG076 9.9604 0.0141 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS Z GBP ACCUMULATION IE00BF2VG183 10.7722 0.0476 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS I USD ACCUMULATION IE00BMYPN275 8.6469 0.0122 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS C EUR ACCUMULATION IE000IYIWG07 8.2357 0.0594 30/11/2023
    GUINNESS BEST OF ASIA FUND CLASS C USD ACCUMULATION IE0004NN3YY8 7.5956 0.0105 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS C GBP ACC IE0006BWJJW3 7.3546 0.0177 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS C EUR ACC IE0001VD9PN1 7.5725 0.0399 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS C USD ACC IE0005HP3H50 7.8173 -0.0045 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS I USD ACC IE000IQ9D569 7.8806 -0.0042 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS Y GBP ACC IE000I0OL207 7.4141 0.018 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS Y EUR ACC IE000RSR0322 7.6333 0.0404 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS Y CNH ACC IE0002QAMMW4 80.6468 -0.0058 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS Y USD ACC IE000JCEKTR0 7.8806 -0.0042 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS Z GBP ACC IE0003ZZUKD7 7.4434 0.0184 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS Z EUR ACC IE0001MJJCX1 7.6634 0.0407 30/11/2023
    GUINNESS CHINA A SHARE FUND CLASS Z USD ACC IE000RSN6JG6 7.9116 -0.004 30/11/2023
    GUINNESS CHINA RMB INCOME FUND CLASS Y CNH DIST IE000026G6J3 100.3287 0.0023 30/11/2023
    GUINNESS CHINA RMB INCOME FUND CLASS Y EUR DIST IE000K4N4BW3 9.4941 0.0511 30/11/2023
    GUINNESS CHINA RMB INCOME FUND CLASS Y GBP DIST IE000G9JHZF4 9.2199 0.0235 30/11/2023
    GUINNESS CHINA RMB INCOME FUND CLASS Y USD DIST IE000FIQDRV0 9.8003 -0.0044 30/11/2023
    GUINNESS CHINA RMB INCOME FUND CLASS Z EUR DIST IE0006534FS5 9.5041 0.0513 30/11/2023
    GUINNESS CHINA RMB INCOME FUND CLASS Z GBP DIST IE000K9NODM9 9.2309 0.0237 30/11/2023
    GUINNESS CHINA RMB INCOME FUND CLASS Z USD DIST IE000BEWEDQ4 9.811 -0.0045 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BYV24P56 13.631 -0.0336 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BYV24Q63 14.1283 0.008 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BYV24R70 11.3121 0.0064 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BYV24S87 13.9778 0.0477 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BYV24T94 11.1758 0.0383 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BYV24V17 14.5941 -0.0355 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BYV24W24 11.6742 -0.0285 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BYV24X31 11.707 0.0068 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BMCWC346 10.8963 0.0367 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BMCWC239 10.3529 0.0055 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPND87 10.1059 -0.0244 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPNF02 9.1501 -0.0222 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE0009746VI0 9.1536 0.031 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE000UPHOYQ6 9.2843 0.0051 30/11/2023
    GUINNESS EMERGING MARKETS EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE000XFJTUO9 8.4325 -0.0208 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQDW50 18.2202 0.0513 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQF300 16.2016 0.0002 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNS63 18.15 -0.0006 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNT70 15.4022 -0.0468 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BYVHVZ98 13.7815 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BYVHWJ06 11.545 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BYVHW019 14.2188 0.0405 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BYVHW126 11.9062 0.0339 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BYVHW233 12.6525 -0.038 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BYVHW340 10.5663 -0.0317 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BMYPN382 11.9753 -0.0361 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BMYPN499 10.9465 -0.0331 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE000AHX6WT2 9.5616 0.0269 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE000N9K9CQ4 9.6974 -0.0004 30/11/2023
    GUINNESS EUROPEAN EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE000RAMYLN7 8.7997 -0.0267 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS D USD ACCUMULATION IE00B2Q91T05 8.9795 0.0277 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS C USD ACCUMULATION IE00B2Q91V27 8.4015 0.0258 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS C GBP ACCUMULATION IE00B3CCJ963 12.2171 0.074 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS D EUR ACCUMULATION IE00B3CCJB88 12.4347 0.1107 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS Y USD ACCUMULATION IE00B3CCJC95 9.7544 0.0303 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS Y GBP ACCUMULATION IE00B6XV0016 11.9812 0.073 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS C EUR ACCUMULATION IE00BGHQF524 9.7201 0.0865 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS Y USD DISTRIBUTION IE00BG6L7638 7.2333 0.0224 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS Y EUR ACCUMULATION IE00BFMGVR44 11.2979 0.1008 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS I USD ACCUMULATION IE00BMYPN507 19.2146 0.0596 30/11/2023
    GUINNESS GLOBAL ENERGY FUND CLASS C CNH HEDGED DISTR IE000P8HSFB7 10.2433 0.0288 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS D USD DISTRIBUTION IE00B3QG6N78 19.9307 0.1136 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS C USD DISTRIBUTION IE00B42XCP33 18.7082 0.1064 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS C GBP DISTRIBUTION IE00B3PB1722 23.1441 0.2005 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS D EUR DISTRIBUTION IE00B66B5L40 24.5521 0.2824 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00B754QH41 27.2476 0.2369 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS C EUR ACCUMULATION IE00BGHQF631 24.0942 0.2768 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS C GBP ACCUMULATION IE00BVYPNV92 21.9753 0.1904 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS C USD ACCUMULATION IE00BVYPNW00 18.6158 0.1059 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BVYPNZ31 19.714 0.227 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BVYPP024 15.7274 0.1811 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BVYPNY24 23.9776 0.2084 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BVYPP131 19.1663 0.1666 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BVYPNX17 20.3135 0.1161 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BVYPP248 16.1995 0.0926 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS C EUR DISTRIBUTION IE00BDGV0183 14.9688 0.1719 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS D EUR ACCUMULATION IE00BDGV0290 18.3249 0.2108 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS I USD DISTRIBUTION IE00BGK8P991 14.4617 0.0826 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS I USD ACCUMULATION IE00BJBK7883 13.7246 0.0784 30/11/2023
    GUINNESS GLOBAL EQUITY INCOME FUND CLASS C CNH HEDGED DISTR IE000OP91FK6 10.4183 0.058 30/11/2023
    GUINNESS GLOBAL INNOVATORS FUND CLASS C GBP ACCUMULATION IE00BQXX3C00 27.9298 0.1861 30/11/2023
    GUINNESS GLOBAL INNOVATORS FUND CLASS C EUR ACCUMULATION IE00BQXX3D17 25.3777 0.2409 30/11/2023
    GUINNESS GLOBAL INNOVATORS FUND CLASS C USD ACCUMULATION IE00BQXX3F31 22.1011 0.0814 30/11/2023
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    GUINNESS GLOBAL INNOVATORS FUND CLASS Z EUR ACCUMULATION IE00BQXX3P39 28.3988 0.2704 30/11/2023
    GUINNESS GLOBAL INNOVATORS FUND CLASS Z USD ACCUMULATION IE00BQXX3Q46 24.7418 0.0918 30/11/2023
    GUINNESS GLOBAL INNOVATORS FUND CLASS I USD ACCUMULATION IE00BMYPNG19 11.7015 0.0432 30/11/2023
    GUINNESS GLOBAL INNOVATORS FUND CLASS C CNH HEDGED DISTR IE000PGA9O74 12.567 0.0432 30/11/2023
    GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C USD ACCUMULATION IE00B3QW5Z07 20.8143 0.1171 30/11/2023
    GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C GBP ACCUMULATION IE00B64PRP62 25.8311 0.2222 30/11/2023
    GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y EUR ACCUMULATION IE00B68GW162 27.9695 0.3205 30/11/2023
    GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y USD ACCUMULATION IE00B3NSFR34 23.3261 0.132 30/11/2023
    GUINNESS GLOBAL MONEY MANAGERS FUND CLASS Y GBP ACCUMULATION IE00B7MJHM43 31.316 0.2705 30/11/2023
    GUINNESS GLOBAL MONEY MANAGERS FUND CLASS C EUR ACCUMULATION IE00BGHQF748 16.8022 0.192 30/11/2023
    GUINNESS GLOBAL MONEY MANAGERS FUND CLASS I USD ACCUMULATION IE00BMYPMW02 11.6703 0.0661 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS C EUR ACCUMULATION IE00BZ08YS42 11.6827 0.0624 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS C GBP ACCUMULATION IE00BZ08YR35 13.8851 0.0348 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS C USD ACCUMULATION IE00BZ08YT58 11.6888 -0.0057 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS Y EUR ACCUMULATION IE00BZ08YW87 12.5444 0.0674 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS Y GBP ACCUMULATION IE00BZ08YV70 14.8935 0.0377 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS Y USD ACCUMULATION IE00BZ08YX94 12.5073 -0.0058 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS Z GBP ACCUMULATION IE00BZ08YY02 15.4396 0.0393 30/11/2023
    GUINNESS GREATER CHINA FUND CLASS I USD ACCUMULATION IE00BMYPNC70 7.5224 -0.0036 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS C GBP ACCUMULATION IE00BG5QQV79 12.2719 0.023 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS C EUR ACCUMULATION IE00BG5QQW86 12.8342 0.0605 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS C EUR HEDGED ACC IE00BG5QQX93 10.6329 0.0184 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS C USD ACCUMULATION IE00BG5QQY01 12.2476 -0.0137 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS C USD HEDGED ACC IE00BG5QQZ18 11.3997 0.022 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS O GBP ACCUMULATION IE00BG5QR034 12.815 0.0244 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS O EUR ACCUMULATION IE00BG5QR141 13.4056 0.0635 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS O EUR HEDGED ACC IE00BG5QR257 11.0834 0.0194 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS O USD ACCUMULATION IE00BG5QR364 12.7888 -0.014 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS O USD HEDGED ACC IE00BG5QR471 11.8799 0.0233 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS R GBP ACCUMULATION IE00BG5QR588 12.1501 0.0227 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS R EUR ACCUMULATION IE00BG5QR695 12.7107 0.0599 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS R EUR HEDGED ACC IE00BG5QR703 10.5451 0.0182 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS R USD ACCUMULATION IE00BG5QR810 12.1173 -0.0137 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS R USD HEDGED ACC IE00BG5QR927 11.3537 0.0219 30/11/2023
    GUINNESS MULTI-ASSET BALANCED FUND CLASS Y GBP ACCUMULATION IE00BG5QRB49 13.0039 0.0248 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS C GBP ACCUMULATION IE00BG5QQP10 12.9392 0.0258 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS C EUR ACCUMULATION IE00BG5QQQ27 13.5316 0.0654 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS C EUR HEDGED ACC IE00BG5QQR34 11.0983 0.0209 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS C USD ACCUMULATION IE00BG5QQS41 12.9137 -0.013 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS C USD HEDGED ACC IE00BG5QRJ25 11.9369 0.024 30/11/2023
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    GUINNESS MULTI-ASSET GROWTH FUND CLASS O EUR ACCUMULATION IE00BG5QRL47 14.1358 0.0687 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS O EUR HEDGED ACC IE00BG5QRM53 11.5536 0.0221 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS O USD ACCUMULATION IE00BG5QRN60 13.4853 -0.0131 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS O USD HEDGED ACC IE00BG5QRP84 12.3768 0.0253 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS R GBP ACCUMULATION IE00BG5QRQ91 12.8135 0.0255 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS R EUR ACCUMULATION IE00BG5QRR09 13.4099 0.0648 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS R EUR HEDGED ACC IE00BG5QRS16 10.9925 0.0206 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS R USD ACCUMULATION IE00BG5QRT23 12.7783 -0.0128 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS R USD HEDGED ACC IE00BG5QRV45 11.8375 0.0238 30/11/2023
    GUINNESS MULTI-ASSET GROWTH FUND CLASS Y GBP ACCUMULATION IE00BG5QRW51 13.7157 0.0278 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS D USD ACCUMULATION IE00B2PGVJ29 4.5624 0.016 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS C USD ACCUMULATION IE00B2PGVK34 4.212 0.0147 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS C GBP ACCUMULATION IE00B3CCJ633 7.6811 0.0497 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS D EUR ACCUMULATION IE00B3CCJ740 7.819 0.0729 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS C EUR ACCUMULATION IE00BGHQF417 15.6507 0.1457 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS Y GBP ACCUMULATION IE00BFYV9L73 19.9569 0.1299 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS Y EUR ACCUMULATION IE00BFYV9M80 20.5197 0.1917 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS Y USD ACCUMULATION IE00BFYV9N97 17.9944 0.0635 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS I USD ACCUMULATION IE00BMYPNB63 9.5207 0.0336 30/11/2023
    GUINNESS SUSTAINABLE ENERGY FUND CLASS C CNH HEDGED DISTR IE000JUVS7B9 8.6092 0.029 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Z USD ACCUMULATION IE00BN0W3529 10.3965 0.0328 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Z GBP ACCUMULATION IE00BN0W3305 11.0106 0.0677 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Z EUR ACCUMULATION IE00BN0W3412 11.5867 0.1037 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS I GBP ACCUMULATION IE00BN0W2X30 10.8886 0.0666 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS I EUR ACCUMULATION IE00BN0W2Y47 11.4568 0.1024 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS I USD ACCUMULATION IE00BN0W2Z53 10.2826 0.0322 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Y GBP ACCUMULATION IE00BN0W3073 10.8865 0.0667 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Y EUR ACCUMULATION IE00BN0W3180 11.4559 0.1026 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS Y USD ACCUMULATION IE00BN0W3297 10.2835 0.0323 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS C GBP ACCUMULATION IE00BN0W2T93 10.5408 0.0643 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS C EUR ACCUMULATION IE00BN0W2V16 11.092 0.0991 30/11/2023
    GUINNESS SUSTAINABLE GLOBAL EQUITY FUND CLASS C USD ACCUMULATION IE00BN0W2W23 9.9591 0.031 30/11/2023
    WS GUINNESS ASIAN EQUITY INCOME FUND Y INCOME GBP GB00BMFKG774 88.15 -0.13 30/11/2023
    WS GUINNESS ASIAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BMFKG667 99.28 -0.16 30/11/2023
    WS GUINNESS EUROPEAN EQUITY INCOME FUND Y INCOME GBP GB00BP5J6N11 107.91 0.02 30/11/2023
    WS GUINNESS EUROPEAN EQUITY INCOME FUND Y ACCUMULATION GBP GB00BP5J6M04 111.12 0.02 30/11/2023
    WS GUINNESS EUROPEAN EQUITY INCOME FUND Z INCOME GBP GB00BP5J6Q42 108.51 0.03 30/11/2023
    WS GUINNESS EUROPEAN EQUITY INCOME FUND Z ACCUMULATION GBP GB00BP5J6P35 111.67 0.02 30/11/2023
    WS GUINNESS GLOBAL EQUITY INCOME FUND Y INCOME GBP GB00BNGFN669 130.85 0.47 30/11/2023
    WS GUINNESS GLOBAL EQUITY INCOME FUND Y ACCUMULATION GBP GB00BNGFN776 140.52 0.5 30/11/2023
    WS GUINNESS GLOBAL INNOVATORS FUND Y ACCUMULATION GBP GB00BP5J5Y50 127.18 0.95 30/11/2023
    WS GUINNESS SUSTAINABLE ENERGY FUND Y ACCUMULATION GBP GB00BP5J6198 85.18 0.5 30/11/2023
    WS GUINNESS SUSTAINABLE ENERGY FUND Z ACCUMULATION GBP GB00BP5J6206 85.33 0.5 30/11/2023
    WS GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y ACCUMULATION GBP GB00BP5J7C70 101.34 0.72 30/11/2023
    WS GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z ACCUMULATION GBP GB00BP5J7D87 101.78 0.72 30/11/2023
    WS GUINNESS UK EQUITY INCOME FUND O OVERSEAS INCOME GB00BYX94G55 69.66 0.03 30/11/2023
    WS GUINNESS UK EQUITY INCOME FUND O OVERSEAS ACCUMULATION GB00BYX94F49 89.65 0.03 30/11/2023
    WS GUINNESS UK EQUITY INCOME FUND Y CLEAN INCOME GB00BYX94J86 75.18 0.02 30/11/2023
    WS GUINNESS UK EQUITY INCOME FUND Y CLEAN ACCUMULATION GB00BYX94H62 96.26 0.03 30/11/2023
    WS GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR INCOME GB00BYX94L09 76.05 0.02 30/11/2023
    WS GUINNESS UK EQUITY INCOME FUND Z EARLY INVESTOR ACCUMULATION GB00BYX94K91 97.54 0.03 30/11/2023
    10 July 2023

    Guinness Global Equity Income - Webcast - Covering Q2 2023

    Date: Jul 10, 2023 11:00 AM [GMT+1] Matthew Page
    1 June 2023

    FT Adviser: DFMs take control as they cut exposure to global equity funds

    Guinness Global Equity Income featured in FT Adviser's Asset Allocator
    15 May 2023

    Greiff Research Institut – Guinness Global Equity Income (DE)

    28 April 2023

    Why yield is the last thing we look at

    The Guinness Global Equity Income manager tells Trustnet why he looks firstly for good companies…
    25 April 2023

    The 0.1%: The only six funds holding FE fundinfo’s strongest ratings

    Trustnet identifies the funds that have five crowns, an Alpha Manager and a place on FE Investments…
    13 April 2023

    Guinness Global Equity Income - Review of Q1 2023

    Date: Apr 13, 2023 Ian Mortimer, Matthew Page
    11 April 2023

    Guinness Global Equity Income - Webcast - Covering Q1 2023

    Date: Apr 11, 2023 11:00 AM [GMT+1] Ian Mortimer, Matthew Page
    23 March 2023

    Investors Chronicle – Top fund picks for a selection of goals

    David Baxter makes the case for diversifying your sources of equity income.
    6 March 2023

    Investment Week reveals finalists for Fund Manager of the Year Awards 2023

    Global Equity Income Fund and Global Energy Fund shortlisted for industry awards.
    Document

    WS Guinness Investment Funds - Application Form

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    Flit

    Humming Along


    FUN FACT
     

    Q: Is a hummingbird faster than a cheetah?
    A: Hummingbirds are the fastest animals on earth relative to their body size. They are faster than a cheetah or even a fighter jet on this basis.
     
    Image
    Nelly Tile

    TRUMPETING BOTH INCOME AND CAPITAL GROWTH


    FUN FACT
     

    Q: How many decibels does a trumpeting elephant produce?
    A: Elephants are highly intelligent and use many sounds for communication. The most famous is the trumpeting sound that they make when excited, distressed, or angry. They are also known to produce very loud infrasonic sounds that can travel up to 10 miles. The frequency of these rumbling sounds is below the audible range of humans, but their loudness is around 117 db.
    Image
    Anteater

    A NOSE FOR GLOBAL EQUITY INCOME


    FUN FACT
     

    Q: How many insects can an anteater eat in a day?
    A: An anteater eats around 30,000 insects a day. To make this possible, giant anteaters can flick their long tongues in and out of their mouths up to 150 times per minute, which is more than twice a second!

    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