Guinness Global Energy Fund on The Williams Companies Inc.

Williams is one of four North American pipeline companies held by the fund and trades under ticker WMB. ([Williams Investor Relations][4]) The managers expect hydrocarbon demand in the US and Canada to grow over the next five years, with natural gas providing an especially important source of demand. They believe Williams is therefore well positioned to execute pipeline and energy-infrastructure expansion projects. The broader thesis also incorporates a material increase in US LNG export capacity through 2028, which should increase demand for gas transportation infrastructure.