Theme Couplets in a Report

A lot of people talk about this in isolation from what I was just discussing before, which is volatility in markets. What happens when you add those up together? Yeah. So that's where it hopefully gets interesting as where you add in other themes like reshoring and supply chains. And we're expecting over leverage in the sector to contribute to credit market volatility with a flow on impact to equities. But by analyzing both of these separately, our view is that when they bump up against each other, this risk is overstated. That has significant implications for another theme again,. We're tracking on the return of active investment managers, some of whom have just been piling into Chinese equities over the