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Guinness Global Innovators Fund posts 13.8% Q2 return, adds AMD
The fund returned 13.8% in GBP in Q2 2026 versus 13.0% for the MSCI World Index, and highlighted AMD as a new holding in its investor letter.
Guinness Global Innovators Fund reported a Q2 2026 return of 13.8% in GBP, narrowly ahead of 13.0% for the MSCI World Index and 13.1% for the IA Global sector average, according to a Yahoo Finance update summarizing the fund's quarterly investor letter.
The fund attributed the improvement in performance to easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence, saying investors rotated back toward growth stocks and AI infrastructure beneficiaries.
On positioning and sector exposure, the update said the fund benefited from an overweight in Information Technology, while an overweight in Communication Services detracted. It also said avoiding weaker Utilities, Materials, and Energy helped relative performance.
In the letter, the fund highlighted Advanced Micro Devices, Inc. (NASDAQ: AMD) as a new holding, describing AMD as a fabless semiconductor focused on AI computing. The update cited AMD's close at $473.25 per share on August 21, 2026, and included performance figures of -4.38% over one month and 189.70% over the past 52 weeks.
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