Guinness Global Energy Fund on Enbridge Inc.

Enbridge is one of four North American midstream holdings highlighted by the fund and trades under ticker ENB. ([Enbridge][2]) The managers expect hydrocarbon demand in the US and Canada to grow over the next five years, with natural gas particularly important. They believe this demand backdrop should create opportunities for Enbridge to execute pipeline and broader energy-infrastructure expansion projects. The thesis is reinforced by the fund's expectation that US LNG export capacity will expand materially, increasing infrastructure requirements around natural gas.