It does influence our long term view of how the world looks where we've got more populist governments, we've got more of a multi-polar world, so that does impact our investment outlook.
Outside of Australia, where we have a few of our home-grown inflation problems, we are seeing inflation globally reassume that downward glide path which is providing scope, we think, for Central Banks to start trimming rates very modestly over the course of the next year. And in that environment we are happy to be a little bit overweight fixed income.
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