In terms of the funds, we did highlight emerging markets which has been a very strong performing fund for us and continues to have great attraction to individuals. Acknowledging that it's capacity constrained, there is no comments to made at this point in terms of that capacity but I always do like to remind people that there is capacity constraint there. And we have seen other areas and funds that clearly we have mentioned in the past that have had some more acceptance in the market. The Herzfeld Fund, while still small has certainly got some attention and we are seeing activity in several other areas and we are very excited about some of our newer and emerging stuff. One of the fixed income funds from Newfleet, a strategic income fund, a very new fund, but again it's already put up very compelling performance and I hope it's something that financial advisors will consider given the incredible record that Newfleet has had over many years.

"Again, we will always consider things that are in the long-term interest of what we want to do. I think we are very comfortable with our retail distribution and our affiliate model with sub-advisors. So there is nothing at this point really for us to be discussing related to anything along those lines.