LOGO INVESTEC FUNDS ASIA NEW ECONOMY FUND SPECIAL MEETING OF SHAREHOLDERS SCHEDULED TO BE HELD ON December 17, 2001 PROXY CARD THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES of the Investec Funds, on behalf of the Investec Asia New Economy After reviewing the Combined Fund (the "Fund"), for use at the Proxy Statement and Prospectus, special meeting of shareholders please vote by utilizing one of ("Special Meeting") to be held at the the following convenient offices of the Fund 1055 Washington options: Blvd., 3rd Floor, Stamford, Connecticut on December 17, 2001 at ______ a.m. 1. Vote by Telephone Eastern Time. The undersigned hereby To vote by Touch-Tone Telephone appoints Royce N. Brennan and Ken call 1-800-690-6903. Please have Silverman and each of them, with full the 12 digit control number power of substitution, as proxies of the found on the proxy card undersigned to vote at the above stated available at the time of the Special Meeting, and at all adjournments call. thereof, all shares of beneficial interest of the Fund that are held of 2. Vote by Internet record by the undersigned on the record Got to Website date for the Special Meeting, upon the www.proxyvote.com. Please enter proposal indicated below: the 12 digit control number found on the proxy card and IF THIS PROXY CARD IS RETURNED, follow the simple instructions. AND NO CHOICE IS INDICATED, THIS PROXY WILL BE VOTED AFFIRMATIVELY ON 3. Vote by Fax THE MATTER PRESENTED. THE BOARD Complete, sign and date the OF TRUSTEES RECOMMENDS THAT YOU proxy card and fax it to VOTE "FOR" THE FOLLOWING PROPOSAL. _________ anytime. Please sign exactly as your name appears 4. Vote by Mail on this card. When account is joint Simply enclose your executed tenants, all should sign. When signing proxy in the enclosed as executor, administrator, trustee or postage-paid envelope. guardian, please give title. If a corporation or partnership, sign entity's name and by authorized person. TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: [X] KEEP THIS PORTION FOR YOUR RECORDS ---------------------------------------------------------------------- THIS PROXY CARD IS VALID ONLY WHEN DETACH AND RETURN THIS PORTION ONLY SIGNED AND DATED. Vote on Proposal: 1. To approve the Agreement and Plan of Reorganization and Liquidation, as is more fully described in the accompanying Combined Prospectus and Proxy Statement, together with each and every transaction contemplated thereby. FOR AGAINST ABSTAIN |_| |_| |_| 2. In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the meeting. Please sign exactly as your name appears on this card. When account is joint tenants, all should sign. When signing as executor, administrator, trustee, or guardian, please give title. If a corporation or partnership, sign entity's name and by authorized person. X____________________________________ X____________________________________ Signature (if jointly held) (Date) Signature (if jointly held) (Date)