Susanne McGee, president and general counsel: As Frank mentioned earlier, we have filed an exemptive application with the SEC to be able to sponsor ETF. The initial registration and listing process can be quite lengthy and we are anticipating coming out with our first ETF in 2014.

Susan Filyk of IR: The next question is for Frank, with regard to fund flows in Canada have those mirrored the fund flow in the U.S. and how it has impacted Galileo's fund?

Frank Holmes: I think it's -- and looking at Galileo's five star fund; it’s been much more stable on a relative basis of money jumping and jumping out. It is the trepidation of fear takes place in America does have an impact in Canada, and so the fund flows slowed down, and looking at and talking to Michael Waring, did not experience a huge redemption that's taken place in the asset management business here in U.S. and initially not go some of the other large asset management companies that share with me that, their bond fund flows which have been huge for the past five years and four years particular have come to a halt, and now they're experiencing net redemptions since May, June and July and August, and it's spread the fear of rising interest rates, interesting enough his line up is not experienced that.

McGee: We have one new strategic relationship that I am pleased to share with you and that is with Transamerica, which added the global resources fund with premier provider lift. This lift is used on more than 1,000 registered reps at Transamerica. U.S. Global Fund is the only resources fund offering on the firms’ lift and we believe that this will offer considerable potential for fund flows through the Transamerica System.