<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919160
<NAME> GUINNESS FLIGHT INVESTMENT FUNDS
<SERIES>
<NUMBER> 1
<NAME> CHINA & HONG KONG FUND
<MULTIPLIER> 1
<CURRENCY> U.S.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 82643736
<INVESTMENTS-AT-VALUE> 137272447
<RECEIVABLES> 2502943
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 32699
<TOTAL-ASSETS> 139808089
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2726055
<TOTAL-LIABILITIES> 2726055
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 156963598
<SHARES-COMMON-STOCK> 7927314
<SHARES-COMMON-PRIOR> 9255713
<ACCUMULATED-NII-CURRENT> 199401
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (74709248)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 54628283
<NET-ASSETS> 137082034
<DIVIDEND-INCOME> 1450292
<INTEREST-INCOME> 4706
<OTHER-INCOME> 0
<EXPENSES-NET> 1255597
<NET-INVESTMENT-INCOME> 199401
<REALIZED-GAINS-CURRENT> 5568705
<APPREC-INCREASE-CURRENT> (8736049)
<NET-CHANGE-FROM-OPS> (2967943)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1445194
<NUMBER-OF-SHARES-REDEEMED> 2773593
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (26289574)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (80277953)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 717716
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1255597
<AVERAGE-NET-ASSETS> 144198877
<PER-SHARE-NAV-BEGIN> 13.58
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (0.39)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.22
<EXPENSE-RATIO> 1.75
</TABLE>
