Guinness AM launches US fund in UK

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Guinness Asset Management has launched its Global Innovators strategy as part of its Dublin-registered Ucits fund range.

The placement period for the Ucits Guinness Global Innovators fund opened on October 20th and extends to 12pm on October 31st. Daily pricing begins on November 3rd, the company also said.

Early investors have the opportunity to buy the low cost ‘Z’ founder share class with an AMC of 0.25% (OCF: 0.74%) until the fund reaches £50m in size. The fund has no performance fees, Guinness AM also highlighted.

The strategy has been run since 2003 within the SEC-registered mutual fund range of Guinness’ US-based sister company Guinness Atkinson Asset Management. The fund has garnered significant interest through 2014, growing from $50m to over $130m in size.

According to the company’s statement, the fund sits in the Lipper ‘Global Large Cap Growth’ sector and is ranked #1 for performance year-to-date and over 1, 3, 5, and 10 years versus its US-listed peers.

Over the last five years the fund has returned 118.8% (total return in GBP) versus a return of 67.8% for its benchmark MSCI World index.

“We are very excited to be launching a Ucits version of our Global Innovators strategy to enable European clients to access the fund more easily. We think this could well be the best global growth fund you have never heard of,” says Chairman and founder Tim Guinness.

“The philosophy behind its creation in the US ten years ago was that companies with innovation in their DNA would be more likely to earn a higher return for longer. The Boston Company produced research demonstrating
such an effect and now the fund performance bears this out. Not only has its performance been exceptional versus its US-listed peers, but it would rank within the top 5 of all funds in the IMA Global sector year-to-date, and over one, three, five and ten years,” he added.

The fund is available on Hargreaves Lansdown Vantage for direct investors (with more platforms to follow), and on the Cofunds and Standard Life Wrap platforms (among others) for professional investors and advisers in the coming weeks.

 

Zurich

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