Guinness Asset Management Challenges the ETF Market with a Low Cost Share Class for its Actively Managed Global Equity Income Fund

Guinness Asset Management Challenges the ETF Market with a Low Cost Share Class for its Actively Managed Global Equity Income Fund PR Newswire LONDON, November 8, 2012 LONDON, November 8, 2012 /PRNewswire/ -- Guinness Global Equity Income Fund extends its lower cost, clean fee share class at a TER of 0.74% to all investments over £100,000 The 22 month old Fund reached $25 million after its initial book build earlier this year which offers qualifying investors an actively managed fund at exceptionally low cost for a limited period rdThe Fund's retail share class (AMC: 1.5%) was 3 in the IMA Global Equity Income sector in 2011, and is now 3.8% ahead of the MSCI World Index since launch Guinness Asset Management is making its "Z" share class - with an AMC of 0.25% and a maximum TER of 0.74% - available to investors in its Global Equity Income Fund. Tim Guinness, CEO and manager of the US$280m Guinness Global Energy Fund, commented, "I believe strongly in charging fairly for managing investments and that is what we are setting out to do. It saddens me to see that the City I remember has changed and that fees for raising capital or managing investments have risen to such an extent over recent years." "We've researched fund costs in both the IMA Global Equity Income and the global income ETF arenas, and we think this book build proposition offers attractive value to investors.