GUINNESS GLOBAL MONEY MANAGERS X GBP

Specialist global equity fund investing primarily in asset management companies.

  • 2347.52p Price (Inc)
  • - Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 1.24% Ongoing charges
  • 1.70% Yield

Fund data last updated 15 November 2019

The fund aims to provide investors with long-term capital appreciation by investing in public listed equities of companies engaged in money management services. Guinness believes these companies will benefit from such factors as increasing populations of wealthy individuals and can also generate relatively high rates of return on capital, as not much is required. The fund invests worldwide in 30-40 companies that are generally above $500m in size.

Fund summary

Sector Global
Structure OFFSHORE FUND
Launched February, 2012
Size £5m
Yield 1.70%
Charging basis
Dividends paid

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.24%

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Investment process

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.37% 0.00% 0.00% 92.70%

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

Tim Guinness

Guinness read engineering at Cambridge University and, upon graduation in 1968, completed a Master's Degree in Management Science at the Sloan School M.I.T. in the United States. His banking career began at Baring Brothers in 1970 before he moved to Guinness Mahon in 1977, becoming head of its small investment division in 1982, which in 1987 was injected into Guinness Flight Global Asset Management Limited ("GFGAM"). In 1997, GFGAM acquired Hambro Fund Management Limited and changed the name of the company to Guinness Flight Hambro Asset Management, with Guinness becoming CEO of the enlarged company. Following the merger of Guinness Flight and Investec Asset Management in 1998, he became Joint Chairman of the company. In 2003 he retired from Investec and founded a new specialist equity management operation that trades in the US as Guinness Atkinson Asset Management and in the UK as Guinness Asset Management.

Track record

Tim Guinness has 10.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.37%. During the worst period of relative performance (from January 2006 - November 2008) there was a decline of 32% relative to the index. The worst absolute loss has been 35%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 93%.

Periods of worst performance

Absolute -35.00% (December 2007 - November 2008)
Relative -32.00% (January 2006 - November 2008)

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 Documents

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