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ii Super 60 - Guinness Asian Equity Income

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ii Super 60 investments:
Guinness Asian Equity Income

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Asset Group Asset Sub-Group Investment Category
Equities Asian equities Income

Selection rationale:
Guinness Asian Equity Income delivers a high yield, paid half-yearly, and meaningful five-year outperformance versus the sector average and the MSCI AC Pacific ex Japan index. It aims to provide investors with exposure to high-quality, dividend-paying companies in the Asia Pacific. Its lead manager is Guinness Asset Management’s Edmund Harris, who has been managing Asian funds for more than 25 years and the Guinness Asian funds from launch in 2013. He is assisted by co-manager Mark Hammonds and analyst Sharukh Malik.

The fund, which charges an OCF of 1.24%, is relatively small in size at £138 million but is attracting a growing following, having increased in size from about £90 million a year ago. Harris and Hammonds run a high-conviction portfolio of 37 stocks and have no benchmark constraints. 

The stocks are equally weighted and managed on a disciplined one-in, one-out basis. The duo look for three things: quality, value and dividends. They focus on profitable companies that have generated persistently high return on capital over the last eight years, demonstrating stability and resilience, as well as delivering significant dividend growth. The team believe strong cash generation and distribution as dividends also provide a degree of downside protection against volatility in local markets.

The managers point to the Asian region being a mix of advanced, high-income economies and newly industrialised countries. High growth and rapid development are often accompanied by volatility and risk, but they say strong generation of cash and its distribution as dividends provide a degree of downside protection.

April 2020

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News and analysis

31 March

Coronavirus ii Super 60 update: Guinness Asian Equity Income

interactive investor's analysts bring you an urgent update on this ii Super 60 rated fund.

by Dzmitry Lipski

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.