Guinness Global Investors is lowering fees across its fund range and resetting its waterfall fee structure to pass on economies of scale to investors.
Guinness Global Investors (“Guinness”) is lowering fees [1] across its range of funds and resetting its distinctive waterfall fee structure to pass on to investors the cost reductions it has achieved and will achieve in the future from economies of scale.
The waterfall structure has resulted in reductions in fees for standard “Y” share classes in the £5.4bn Guinness Global Equity Income Fund from 0.99% to 0.77%.
Changes to the Guinness Global Equity Income Fund’s waterfall fee structure will ‘lock in’ the lower fees.
From 17th November 2025, ten of its Irish-domiciled funds, including the £1.1bn Global Innovators Fund and £240m Asian Equity Income Fund, will apply lower fees on “Y” share classes that are similar to its Guinness Global Equity Income Fund fees.
The effect of the waterfall structure is that when AUM in any of these ten funds reaches the waterfall level [2], marginal fees will be reduced to 0.55%, passing on economies of scale to investors through lower blended fees as the funds grow.
Y share class ongoing charges: current OCF and OCF from 17 November 2025.
- Guinness Asian Equity Income: current OCF 0.89%; OCF from 17 November 2025 0.77%.
- Guinness Best of Asia: current OCF 0.89%; OCF from 17 November 2025 0.77%.
- Guinness China A Share: current OCF 0.89%; OCF from 17 November 2025 0.77%.
- Guinness Emerging Markets Equity Income: current OCF 0.89%; OCF from 17 November 2025 0.77%.
- Guinness European Equity Income: current OCF 0.89%; OCF from 17 November 2025 0.77%.
- Guinness Greater China: current OCF 0.89%; OCF from 17 November 2025 0.77%.
- Guinness Global Energy: current OCF 0.99%; OCF from 17 November 2025 0.77%.
- Guinness Global Equity Income: current OCF 0.77%; OCF from 17 November 2025 0.77%.
- Guinness Global Innovators: current OCF 0.81%; OCF from 17 November 2025 0.79%.
- Guinness Global Quality Mid Cap: current OCF 0.89%; OCF from 17 November 2025 0.77%.
- Guinness Pan-European Equity Income: current OCF 0.89%; OCF from 17 November 2025 0.77%.
Similar reductions are being made to the funds’ C, D, I and Z share classes as set out in the shareholder circular.
Investors do not need to take any action to benefit from the fee reduction.
Similar reductions in fees for WS Guinness Investment Funds, Guinness Global Investors’ UK-domiciled range of funds, are in the process of being implemented.
Edward Guinness, CEO, Guinness Global Investors, said: “Investors will be able to access our strategies with even lower costs thanks to this reduction in our fees. We are committed to passing on to investors the benefits from our growing scale. Lower fees supports our aim to deliver first quartile long term performance for our investors.”
Notes
[1] Fees are defined as Ongoing Charges Figures (“OCFs”) as set out in the Fund Prospectus and supplements.
[2] The waterfall level for the Guinness Global Equity Income Fund is US$3,000 million, for the Guinness Global Innovators Fund is US$1,500 million and for the other funds is US$500 million.
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About Guinness Global Investors
Guinness Global Investors is an independently owned investment management business providing actively managed portfolios across a range of asset classes, including global equities, bonds and real assets.
Founded in 2003, we combine rigorous in-house research with disciplined, high-conviction investment processes to deliver long-term outcomes for private, professional and institutional investors.
Guinness Global Investors is 100% owned by its directors, employees and former employees.
Guinness Global Investors is a trading name of Guinness Asset Management Ltd (Company Registration 4647882), which is authorised and regulated by the Financial Conduct Authority.