totin gilbert: it is better be number one then number three, but we can get by with number three.does matter in the asset management business if you are managing money for the biggest sovereign wealth funds in the world. so it is important. it is not important to be number one. i sure we will be number one again. francine: how you get to number one again? martin gilbert: a change in sentiment toward them emerging markets. in thene of the largest world, we have seen huge outflows out of emerging markets, asia, latin america. the second that changes, and we see flows coming back in, i am sure we will regain the number one spot. francine: how much does it have to do with sentiment? how much does it have to do with structural reforms not being made in certain emerging markets? when we see the downturn, they have been hit so hard. martin gilbert: i think it is a mixture of a number of things. quantitative easing is definitely pushed the balanced markets up, strengthened the dollar, which has not been great for emerging markets. malaysia and brazil, does not help. but it does help india