Guinness
Guinness Global Equity Income Fund
Global Mega-cap Income
Dec 2024 → Aug 2026
Our archive holds 13 letters from this strategy, behind 13 investment theses and positions in 43 companies. Every quote below is copied verbatim from the letter it came from.
13 letters in 3 years · follow all of Guinness for every strategy.
Performance
as of Jul 31, 2026 · net of fees · GBP · Y GBP
- YTD+11.0%index +10.2%
- 1Y+13.3%index +18.4%
- 3Y · total+37.3%index +57.6%
- 5Y · total+61.0%index +75.6%
- 10Y · total+176%index +227%
- Inception · total+413%
Index: MSCI World TR
| YTD | 1Y | 3Ytotal | 5Ytotal | 10Ytotal | Since inceptiontotal | |
|---|---|---|---|---|---|---|
| Guinness Global Equity Income Fund | +11.0% | +13.3% | +37.3% | +61.0% | +176% | +413% |
| MSCI World TR | +10.2% | +18.4% | +57.6% | +75.6% | +227% | — |
Calendar years
- 2025+3.7%index +12.8%
- 2024+14.6%index +20.8%
- 2023+9.2%index +16.8%
- 2022+2.1%index −7.8%
- 2021+23.3%index +22.9%
- 2020+8.1%index +12.3%
- 2019+21.2%index +22.7%
- 2018+0.7%index −3.0%
- 2017+9.6%index +11.8%
- 2016+26.9%index +28.2%
Disclaimer
These figures are copied from the manager’s latest letter, as of Jul 31, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Our recent purchase of AMD reflects this shift; the company is well positioned to benefit from rising CPU demand as AI infrastructure becomes broader and more compute-intensive.
Also held
Its investment theses
- Arthur J. GallagherAug 2026Arthur J. Gallagher has a defensible core business and is using AI to improve productivity rather than face disintermediation.
- LSEGAug 2026LSEG is shifting to usage-based pricing to monetise AI and protect its software economics.
- EatonAug 2026Eaton is benefiting from the long-term tailwind of data centre and grid infrastructure build-out.
- PepsiCoJul 2026PepsiCo offers improving North American volume trends, a compounding international business and an attractive valuation with a strong dividend.
- Johnson & JohnsonMar 2026Johnson & Johnson is a diversified healthcare leader with strong pharma and medtech portfolios, resilient growth drivers, and a wide moat supporting long-term compounding.
- RELXMar 2026RELX is a data analytics leader with strong network effects and embedded workflows, offering attractive value after an AI-driven de-rating.
- ANTA Sports Products LimitedDec 2025ANTA Sports Products Limited is a leading Chinese sportswear group with a multi-brand strategy, premiumisation, high margins and strong balance sheet driving sustained growth.
- Haleon plcDec 2025Haleon plc is a leading consumer health company with strong brands, pricing power, cash generation and structural growth drivers across categories and geographies.
- Diageo plcDec 2025Diageo plc is a global premium spirits leader with structural premiumisation tailwinds and potential CEO-driven catalysts despite near-term growth and leverage headwinds.
- Paychex, Inc.Dec 2025Paychex, Inc. is a leading HCM provider with promising AI-enabled products and an upmarket expansion via Paycor that support stabilizing growth despite macro and integration headwinds.