Guinness Global Equity Income fund passes £100m
The Guinness Global Equity Income fund has passed £100m in size, London-based fund manager Guinness Asset Management has revealed.
The fund has grown its total dividend every year at an average rate of 4.6% (versus CPI of 1.9%) and grew from £16m at the end of 2012, to £48m at end of 2013, £67m in 2014 before passing £100m by April this year.
“Strong momentum in Guinness’s global funds Guinness launched the fund on the 31st December 2010, and first marketed it actively in 2012, achieving steady growth in assets ever since.
“This growth comes on the back of strong performance in its peer group. Since launch in December 2010, the fund is 3rd out of 20 funds in the IA Global Equity Income sector, and one of only four funds to have beaten the MSCI World Index,” the company said.