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Investing in the World of Commodities
I noted earlier when you said that in your growing concerns last year about inflation you allocated more to commodities. How have you chosen to invest in the world of commodities? Well today I would say our primary focus has been around scarcity so precious metals and metals going into battery technology. In terms of if you look at a broader commodity description we've been in things like timberland and some other agricultural products for quite a while. We're ideally looking for closer to a 50-50 balance in new opportunities we can access hence the international office network.