So for investors going the ETF route, how would you suggest they approach these two concerns that many have in the market?

Well, I think the first thing that we do when we work with a lot of our clients, the first thing that we hear from clients, and even within our own investment solutions group, is really coming up with an ideology and being solid around investment policy, understanding why you're investing in something, what's the thesis behind it, and what's the target that you're trying to achieve, whether that is risk or if it's absolute in terms of performance, return, whatever it is.

having that framework and then being able to deploy that throughout.

I think there's any number of things that have gone on over the last few years, but I think something like India, where you actually have a longer trajectory there, again, thinking about that in terms of your ability to look at that as a multi-year or a prolonged story within the portfolio.

I think certainly given the narrowness, and again, depending on how you sort of look at the US and the allocations there, there's things that are coincidental to it, and there's things that sort of benefit as a result of it as well.

So like I mentioned earlier, in terms of tech, if you're sort of looking to overweight, but there are stories there of companies in Korea, for example, where you'd have the ability to then sort of look at the manufacturing center as opposed to maybe the end user of it.

So understanding the dynamics between those two things I think really looking at it in terms of which of those is going to win out over time, understanding the rationale for it.

So maybe you would like to talk through about what are the strengths or the background that have this very strong focus in EM and country exposures?