The Importance of ESG in ETFs

We're not an ex-China fund. We're just tilting very neutrally according to their democracy score. So if they start to turn things around and their democracy or goes up, then we will increase our allocation. And on the note of China, maybe you just answered it. But one of the questions I hear on an approach like yours is if we take China, it is the second largest economy in the world. There's only about a 2% waiting here. Isn't that a bet against the world's second largest economy? Or how do you view that?