many of the high-yielding emerging markets, places like south africa, brazil, russia, indonesia, indian growth pick up as well. saw inhe drawdowns you the middle summer of 2018, growth is moving higher. you have this big fall in oil prices, almost 30%. that is creating downside inflation surprise. the reason why we prefer the emerging market bond asset class is it benefits not just from a more patient fed, it also benefits from this combination of somewhat stronger growth from a low base, but also downside inflation surprises. if you see a more broadening out of the growth process across the world, across the major parts of the world including china, pmi in china today was more encouraging, it makes sense to move further across the asset market spectrum. things like em equities should do well in that environment. nejra: we are getting increasingly concerned -- i know people are split, but about the prospect for global growth. particularly if you look at china and europe. you talked about the fed, you talked about growth, and you talked about oil. what if we get a bounce back in the oil