Guinness Asian Equity Income Y GBP

  • 929.30p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 1035.74p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.99%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 3.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 28 May 2020

The Guinness Asian Equity Income Fund is designed to provide investors with exposure to high quality dividend-paying companies in the Asia Pacific region. The Fund aims to provide long-term capital appreciation and a source of income that has the potential to grow over time.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OFFSHORE FUND
Launched May, 2017
Size £138m
Yield 3.40%
Charging basis
Dividends paid

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.99%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 1.22%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 86.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Edmund Harriss

Edmund Harriss graduated from Oxford with an MPhil in Management Studies in 1991; he also has a degree in history from York University. He joined Guinness Flight in 1993 as a member of the Marketing Department. After working there for a year and a half he transferred to the equity team covering the Far Eastern markets. In 1998 he joined Investec when they acquired Guinness Flight - he relocated to Hong Kong and became lead manager of the company's China & Hong Kong fund the same year. He joined Guinness Asset Management in April 2003.

Track record

Edmund Harriss has 5.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +1.22%. During the worst period of relative performance (from March 1999 - June 2000) there was a decline of 46% relative to the index. The worst absolute loss has been 57%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 87%.

Periods of worst performance

Absolute -57.00% (July 1997 - August 1998)
Relative -46.00% (March 1999 - June 2000)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information - Income

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Key Investor Information - Accumulation

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