Resource & Insight Center

Asia Pacific Dividend Builder Outlook (January 2018)
The Fund had a good year, capturing 98% of the market rise in 2017 and rising 36.70% compared to the market rise of 37.41%, as measured by the MSCI AC Pacific ex Japan Index. We'd like to share what happened in Asia, what happened in the fund, and our outlook for 2018.

A Revolutionary Idea: A Renminbi In Your Wallet (January 2018)
The single most important bilateral relationship in the world today must be that of the United States and China. In 1972, when Nixon went to meet Mao, China, economically, was on its knees. Today, it is the second largest economy in the world, the second largest holder of US government debt and now, willingly or not, it holds the balance of economic power. If Russia went bankrupt tomorrow economically, the world could wear it. The same cannot be said for China.

Global Energy Outlook (January 2018)
2017 saw a year of rebalancing for oil, albeit slower than first hoped, as energy companies demonstrated improved resilience to the oil price environment. We’d like to share with you some big picture thoughts on 2017 events and our outlook for 2018 and beyond.

The Pursuit of Average (2018)
Much of the investment management industry makes a point of being average. Does any other industry or human endeavor seek average? No one seeks to provide or procure average medical care; no airline advertises an average safety record. Yet average is fully embraced by many investment firms. We believe this seeking of average is not just misguided but comes at a cost to investors. This white paper presents both empirical and academic evidence that rebuts some of the arguments that underpin passive investing and offer some quantification of the opportunity cost of seeking average.

Innovation Matters (2022)
Innovative companies tend to enjoy greater profits, faster growth, higher profit margins and/or higher returns on capital than their peers. Not surprising, these benefits can result in greater stock market performance. This explains the title of this report: Innovation matters.

Global Innovators Fund: Investment Process and Fund Performance (2018)
One word about the performance of our Global Innovators Fund: Excellent. You don’t have to take our word for it; we provide all the details on page 4. That said, we know that performance by itself is somewhat meaningless. Serious investors are more concerned with the how than the what. As happy as we are with our performance we gain more satisfaction in the how. We believe that our systematic investment methodology provides a strong foundation for the Fund. Sustainability of performance is important to us. So what has gotten us to excellent? Read on to find out.

Global Energy Outlook (January 2017)
2016 was a year of rebalancing for the oil market, as a combination of demand growth and declining production from the US and the rest of non-Organisation of Petroleum Exporting Countries (OPEC) more than offset a rise in production from OPEC. Nevertheless, OPEC chose in September 2016 to signal their first production cut since 2008, in an attempt to accelerate the oil market’s rebalance and to support the price. We’d like to share with you some big picture thoughts on 2016 events and our outlook for 2017 and beyond.

Natural Gas vs. Renewables (April 2016)
Recent falls in oil and natural gas prices have moved the goal posts for the costs that renewable energy installations need to achieve to be economically competitive. In Natural Gas vs. Renewables, we take a detailed look at renewable vs. traditional energy technologies and costs throughout the world.

Global Energy Outlook (January 2016)
Guinness Atkinson's Energy team provides a year in review for 2015 and their outlook on energy for 2016, looking at the market's supply and demand and aiming to inform investors about factors impacting the Global Energy market.

The Guide to Dividend Investing: Think Income as Your Outcome (July 2015)
Our guide to dividend investing discusses the importance of dividend investing, the effects of higher interest rates, and why dividend investing can work even in declining markets

A Revolutionary Idea: Renminbi in Every Pocket (April 2013)
Just as it was unimaginable in 1979 to envision that China would become the world’s number two economy with a clear trajectory to number one, it is for many unimaginable to think that the renminbi may rival, or one day possibly surpass, the US dollar as the world’s reserve currency. While it may seem revolutionary at the moment, we believe that over time it will become common practice to hold assets—including cash—denominated in the renminbi.

Why Dividends Matter (March 2012)
Profits are a matter of opinion, dividends are a matter of fact. Dividends are paid from real earnings and in "hard" dollars - they cannot be manipulated by creative accounting. A dollar paid out to the investor is just that.

10 Over 10 Investment Strategy (March 2012)
The aim of this paper is to introduce the 10 over 10 investment strategy that underpins the Guinness Atkinson Inflation Managed Dividend Fund, and we show how we narrow down the universe from 14,000+ global companies down to 30-40 that we consider best suited to meet the objective of the fund.

2022 Semi-Annual Report

2021 Annual Report

2021 Semi-Annual Report

2020 Annual Report

2020 Semi-Annual Report

2019 Annual Report

2019 Semi-Annual Report

2018 Annual Report

2018 Semi-Annual Report

2017 Annual Report

2017 Semi-Annual Report

2016 Annual Report

2016 Semi-Annual Report

2015 Annual Report

2015 Semi-Annual Report

2014 Annual Report

2014 Semi-Annual Report

2013 Annual Report

2013 Semi-Annual Report

2012 Annual Report

2012 Semi-Annual Report

2011 Annual Report

2011 Semi-Annual Report

2010 Annual Report

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2009 Annual Report

2009 Semi-Annual Report

2008 Annual Report

2008 Semi-Annual Report

2007 Annual Report

2007 Semi-Annual Report

2006 Annual Report

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2005 Annual Report

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2004 Annual Report

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2003 Annual Report

2003 Semi-Annual Report

New Regular Account Application

IRA Application

IRA Transfer Form

Coverdell Educational Savings Account

IRA & Coverdell Accounts Disclosure

First American Money Market Class A Prospectus

First American Money Market Regular Application

First American Money Market IRA Application

Certification of Beneficial Owners

Entity Account Application