CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS


We  consent  to the  references  to our  firm  under  the  caption  "Financial
Statements"   in  the  Combined   Proxy   Statement  and   Prospectus  in  the
Registration  Statement  (Form N-14 No.  33-75340)  of  Investec  Funds  dated
October 19, 2001 (formerly  Guinness Flight Investment Funds) and Statement of
Additional  Information and to the  incorporation by reference  therein of our
report dated  February 5, 2001 on the Financial  Statements of Investec  Funds
filed with the Securities and Exchange Commission.


                                /s/ Ernst & Young LLP

Los Angeles, California
October 12, 2001