Hello Dora, who do you say are your competitors in the industry that you are in? Are there specific traits that make Franklin Templeton different from the rest?

We have 800-over competitors in Singapore according to the MAS registration list of asset managers! The difference between us and our competitors lies in the fact that we’re more of an active manager than passive one, our product solution range is one of the widest at present particularly since the recent acquisition of Legg Mason. I’d also like to think that we have one of the best investment talent in-house, both in terms of number of outstanding and outperforming funds, as well as true thought-leaders in the firm.