Investec Funds have approved a new advisory agreement, which will result in Guinness Atkinson Asset Management assuming management of the four Investec funds currently available to U.S. residents, if approved by the funds shareholders.(Brief Article)

Buyside, March, 2003

Investec Funds have approved a new advisory agreement, which will result in Guinness Atkinson Asset Management assuming management of the four Investec funds currently available to U.S. residents, if approved by the funds shareholders. The Board's action followed a decision by Investec Group, the parent company of the current adviser, Investec Asset Management US, to shift the focus of its business efforts in North America to the distribution of the firm's 44 offshore funds.