Guinness Global Investors

An interesting article in the Financial Times this week. Everyone is debating the AI boom, whether it’s a revolution or a bubble waiting to burst. We are paying attention to the real story unfolding beneath the surface: high-quality companies are trading at their most attractive valuations in decades. These are businesses with strong balance sheets, resilient earnings and disciplined management, exactly the characteristics that tend to endure when sentiment swings. When the market chases speculation, disciplined investors find opportunity. Read the full article here: https://lnkd.in/eYXMAeVm For more information on our investment process head to our website. #marketingcommunication #activemanagement #investing #ai #bubble #capitalatrisk

The number one question I have been asked by clients recently is "are we in an AI Bubble?" It’s a question that me and my team have been grappling with in the last few months after very strong returns from AI related names we own in the Guinness Global Innovators Fund. Jack Drew and Eric Santa Menargues, CFA give a great summary of our thoughts in this video and our latest monthly update has even more detail: https://lnkd.in/e72WYGCr #marketingcommunication #capitalatrisk #ai #investing #innovation

Great to speak on Thursday 20th November on the panel “Distributing Irish Funds in the UK - Key Considerations and Opportunities.” We discussed how the majority of UK investors were comfortable with Irish funds and even had a preference for them. Dwindling minority of UK investors who will only invest onshore. This is mainly for systems reasons or for those with very long memories about issues with offshore funds from 30 or more years ago. We explored how Irish funds provide a flexible solution for advisors with clients with a range of tax situations. Distributing share classes, UK reporting status, excess reportable income being incorporated into investor systems are key factors in being ble to distribute Irish fund in the UK. Adviser PI insurance, access to platforms, difference in withholding tax treatment of US dividends and the difference in FSCS vs Irish protection for investors are not currently material issues but present. OFR not proving a material challenge for investment managers or a concern for investors. SDR and SFDR are material (and important) piece of work for investment managers but not a major investor priority. Important topics at a pivotal moment for cross-border distribution. Glad to have other speakers on the panel with similar but positive perspectives on the great role Irish funds have for UK investors. Paul Price Lora Froud #investing #markets #panel #discussion

AI infrastructure spending has exploded since the launch of ChatGPT - but can the funding keep up? In our latest video, we break down: • How hyperscalers are financing hundreds of billions in data-centre buildout • The rise of new debt issuance and off-balance-sheet structures • Why OpenAI’s trillion-dollar commitments matter for the whole industry • Why demand is outpacing supply across chips, power and capacity • Whether valuations still reflect the true risks, and opportunities The AI boom is real. But so are the pressures beneath the surface. For more information read our latest insight: https://lnkd.in/eQ33YMa7 #marketingcommunication #ai #bubble #capitalatrisk #innovation

We were delighted to host the next in our series of presentation lunches at the Do & Co, in Vienna on Tuesday . This time, Jonathan Waghorn, co – manager of the Guinness Global Energy and Guinness Sustainable Energy Funds discussed the Energy Transition and the opportunities for investors across the multiple themes of servicing growing electricity demand and supply to grid investment an upgrades. Guests also heard that: - Oil, gas and nuclear still have a role in servicing global energy demand growth. Capital discipline remains tight in E&P and supermajors. Peak oil 2030. Peak gas 2040. - Global electricity demand growth is accelerating at 4% pa. Furthermore, the base of growth is becoming increasingly diversified with the US growing at 2.5% , driven by growth in AI and data centre build out, onshoring , but importantly significant investment in building efficiency and manufacturing upgrades - To deliver this level of demand, global investment in improving and extending the grid needs to double by 2030 ( $60/70bn pa for the next 10 years in the US) - And we highlighted that Renewables have significant cost and time to market advantages over nuclear and gas to meet this demand. Even with cost of storage - Economics , energy security and population demographics remain intact as long term drivers of the sector - Despite the positive outlook and growth outlook, sentiment and hence valuations across the sector remain subdued. Thank you to everyone for the dynamic discussion BHS Quality Asset Management Deutsche Bank AG Kathrein Privatbank AG Kwauka Invest LGT Private Banking FIBEG Matejka & Partner Asset Management GmbH S-Markt & Mehrwert GmbH & Co. KG Michael Hantsch, MBA (Pecunia-SolutionS) MKP Invest Gesellschaft mbH OENB PPP Financial Solutions GmbH PRIVATCONSULT Vermögensverwaltung GmbH Raiffeisen Bank International AG Stage Invest GmbH UNIQA Capital Markets GmbH Wienfinanz Zepter Group Int. Austria GmbH Please get in touch if you would like more information. #marketingcommunication #europeanlequityincome Citywire Deutschland #capitalatrisk

China isn’t just catching up in R&D - it’s redefining the global landscape. In 2023, it became the world’s 2nd largest R&D spender, and in key scientific fields, its research output now outpaces the U.S. Innovation is shifting. The world is watching. Watch the full breakdown in our latest video below and for more information click here: https://ow.ly/BKgc50XrexZ #marketingcommunication #china #asia #investing #capitalatrisk