So I think the opportunity for diversification is in thinking about where is the best asset class globally and how do I articulate it in my investments?

I think that I would add here on this point of the risk perception that you initially asked about.

From the results of last year's white paper that you published and this year, I think there is not enough reduction on this perception.

It's still there, the perception that emerging markets is riskier than developed markets.

And it's a very generic approach, especially for someone that is not yet an investor in emerging markets.

The natural answer is, oh, no, emerging markets is riskier than developed markets.

But you have to look into the details.

I've been to at least five currencies before