Equity Income
Guinness Global Equity Income
Overview
The Guinness Global Equity Income Fund is designed to provide income and long-term capital growth by investing in companies that can pay sustainable, growing dividends.
Dividend-paying global stocks offer an attractive combination of liquidity and yield. Thanks to the power of compounding, re-invested dividends make a gradual but potent contribution to long-term returns.
The Guinness Global Equity Income Fund is designed to capture these benefits and to avoid the worst of market downturns. It holds a high-conviction, low-turnover portfolio of quality stocks in the form of consistently profitable dividend-paying companies.
Elite Rated Fund
FundCalibre
Rated Fund
RSMR
AA Rating
Titan Square Mile
Finalist
IW Fund Manager of the Year Awards 2020 Global Income
A history of paying a dividend can both indicate and instil good capital discipline in company management. Quality stocks tend to run by focused management teams that use capital efficiently to create profitable and growing companies.
Why invest in quality income stocks?
- Focus on consistent high return on capital – This 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 invests in just 35 broadly equally weighted companies, balancing the benefits of diversification with the ability of each holding to contribute meaningfully to performance. This structure results in a portfolio that is truly differentiated from the benchmark index.
- Fundamentally driven – By focusing on 'bottom-up' stock selection, rather than trying to make decisions based on an expected outlook for the world economy, the Fund invests in good companies that may have fallen out of favour in the short term but can weather most economic environments.
- Low turnover – A typical holding period of an individual company is between three and five years. We invest for the long term and recognise the costs of trading in and out of securities.
- 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 Guinness Global Equity Income Fund could be suitable for investors drawn to income investing that are looking for the combination of long-term capital growth and income that dividend-paying equities offer, or for exposure to mature, profitable companies whose shares have tended to fall in value less than the broader market during downturns.
Fund Facts
- Launch Date
- 31.12.2010
- Fund Managers (start date)
- Matthew Page (31.12.2010)Dr Ian Mortimer (31.12.2010)
- Benchmark
- MSCI World
- IA Sector
- IA Global Equity Income
- ISIN
- IE00BVYPP024
- SEDOL
- BVYPP02
- BLOOMBERG
- GUGYEUD ID
- Underlying currency
- USD
- Pricing
- Daily, forwards
- Valuation
- 23:00 Dublin time
- Deal cut off time
- 15:00 Dublin time
- UK Reporting Fund Status
- Yes
- ISA Eligible
- Yes
0.77%
None
Fund Registration
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Commentary
August Commentary
This is a marketing communication. Please refer to the prospectus, supplement, KIDs and KIIDs for the Funds (available on this website), which contain detailed information on their characteristics and objectives and full information on the risks, before making any final investment decisions.
In July, the Guinness Global Equity Income Fund returned 3.0% in GBP, compared with -0.9% for the MSCI World Index and 1.7% for the IA Global Equity Income sector. Stock selection accounted for most of the Fund’s 3.9 percentage-point outperformance versus the index. Industrial holdings Paychex and RELX recovered strongly, while Microsoft, CME and several Consumer Staples holdings also contributed. The Fund’s underweight to Information Technology was helpful as semiconductors sold off sharply, although its lack of Energy exposure detracted as oil-related shares rallied. The wider market was shaped by renewed Middle East tensions, higher oil prices and an unwind of crowded AI positions, while interest-rate expectations moved relatively little. The commentary also reviews a second-quarter earnings season marked by volume-led consumer growth, emerging-market strength and continued investment in power and data-centre infrastructure.
Read full commentary
Guinness Global Equity Income Fund - August Commentary
August 2026
Performance
Income
Distribution history
2026
Interim
Total paid this fund financial year
0.2556 EUR
Source: Guinness Global Investors. Distribution is per share.
Portfolio
Top 10 Holdings
As at 28 Aug 2026
Source: Guinness Global Investors. Holdings and exposures may be subject to change
Top 10 Holdings
As at 28 Aug 2026
Source: Guinness Global Investors. Holdings and exposures may be subject to change
Literature
INSIGHTS IN FOCUS
Rising S&P 500 concentration was rational - but mega-cap earnings dominance is now fading
After a volatile start to 2026, US equity markets have returned to a familiar pattern, with mega-cap stocks reasserting their leadership and index concentration rising to levels last seen during the financial crisis. We analyse whether this is due to genuinely improved earnings, and the early signs that this growth is beginning to broaden.
Equity Income | 6 July 2026 | 12 min read
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