Guinness Global Energy Fund Class X

Specialist

New for 2018. An energy trust with strong management

Guinness Global Energy has been added to our list this year as a pure energy play. The fund seeks capital growth and invests in companies in the oil, natural gas, coal, alternative energy, nuclear and utilities sectors around the world. It is co-managed by Tim Guinness, founder of Guinness Asset Management in 2003, Will Riley and Jonathan Waghorn. They believe that over the next 20 years the combined effects of population growth, developing world industrialisation and diminishing fossil fuel supplies will force energy prices higher. The fund aims to benefit from this environment by investing in companies with energy resources, and in their service providers and distributors.

The managers combine macro views with bottom-up company research. They use a disciplined screening process to identify the best investment ideas and have a value bias - looking for out-of-favour companies. Like all Guinness-managed funds, this is an equally weighted portfolio of around 30 stocks. These are typically mid-sized and large companies with a market value of at least $1 billion. The fund has understandably struggled in absolute terms over the past few years following the sustained fall in oil prices. However, notably, it has beaten many of its peers over this period.

Darius McDermott, managing director of Chelsea Financial Services, believes patience and conviction in global economic and demographic trends can give your portfolio a 'serious boost' over time. One such theme he believes in is energy. He likes this fund on the strength of its management team. 'They really are the go-to team for this type of investment,' he says.

Narrative and ratings content all as of 01 January 2018.

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Name
Guinness Global Energy Fund Class X
Manager
Guinness Asset Management Limited
Type
Open Ended Investment Company
ISIN
IE00B6XV0016
Sector
Global
Launched
15/02/2012
OCF
1.24 %
Risk Rating
4
3 Year Sharpe
0.44
3 Year Alpha
-4.27
Yield
0 %
Benchmark
MSCI World/Energy NR USD
The investment objective of the Fund is to provide investors with long-term capital appreciation. In seeking to achieve its investment objective the Fund intends to invest at least 80% of its net assets in equity securities of globally based companies principally engaged in the production, exploration or discovery, or distribution of energy derived from fossil fuels and the research and development or production of alternative energy sources.
Name
Guinness Asset Management Limited
Address
SW1H 9AA, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Jonathan Waghorn
Joined 09/09/2013

Jonathan Waghorn joined Guinness AtkinsonTM in September 2013. Mr. Waghorn was employed as co-portfolio manager of Investec Asset Management Ltd from 2008 to 2012. Prior to Investec, he served as co-head of Goldman Sachs’ energy equity research team. Mr. Waghorn graduated from the University of Bristol with a Masters in Physics in 1995.

Will Riley
Joined 01/01/2010

Will Riley is the co-lead manager of the Global Energy Fund (since April 2013) and co-manager (May 2010 to April 2013). He joined Guinness AtkinsonTM as an analyst in May 2007. Mr. Riley worked for PricewaterhouseCoopers LLP from 2002 to 2007 having qualified as a Chartered Accountant in 2003. Mr. Riley graduated from Cambridge University with a Masters in Geography in 1999.

Will Riley
Joined 01/01/2010

Will Riley is the co-lead manager of the Global Energy Fund (since April 2013) and co-manager (May 2010 to April 2013). He joined Guinness AtkinsonTM as an analyst in May 2007. Mr. Riley worked for PricewaterhouseCoopers LLP from 2002 to 2007 having qualified as a Chartered Accountant in 2003. Mr. Riley graduated from Cambridge University with a Masters in Geography in 1999.

Data provided by Morningstar.

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