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Monday, April 03, 2006

Guinness Atkinson Launches Asia Pacific Fund

by: Marie Glancy

Guinness Atkinson has added to its range of Asian fund offerings with a new, no-load fund released Friday. The Guinness Atkinson Asia Pacific Dividend Fund represents a relatively conservative means of accessing and profiting from Asian economic growth.

In a press release, Edmund Harriss, lead manager of the fund, remarked on the generally high dividend rates of Asia Pacific companies. While the region continues to grow quickly, he said, "many of its companies have also matured and are now focused on profitability, cash generation and shareholder returns."

Harriss also manages two other funds for the Woodland Hills, California-based company: the Guinness Atkinson China and Hong Kong Fund and the Asia Focus Fund.

Also on Friday, the company made another no-load product available to investors for the first time. The Guinness Atkinson Alternative Energy Fund is designed to take advantage of growing interest in non-traditional fuel sources. In timing the two launches to coincide, Guinness Atkinson has highlighted its focus on investments that reflect "innovation and profound change" in the world economy.  

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