not too worried on that point and, in particular, we are actually assured by the resilience of the cnyhe rnbd dollar -- and has been quite resilient. orfind that quite reassuring so, the fundamentals, there are some worrying stories here and there, but the fundamentals of em markets are much stronger in terms of current account situations than they were in the past. we are watching that. we do believe new term you could see strength, but overall, we expect the em market to look for some resilience. caroline: you mentioned the issues of argentina and turkey and, also resilient in the chinese renminbi. what other emerging markets could show this resiliency that is an opportunity for buying whether it be in the fx rates or other asset classes? want to overall, you look at the u.s. dollar, you want to look at the r&b and financial conditions overall. if you have a sharp rise in volatility across asset classes, that is not going to help. this is the type of thing we want to watch and you want to watch the fundamental data, especially in china. this is the elephant in the room. we will be wa