 True, and there is still growth in some parts of the world as well. But there's another factor to this as well, and that's the election in France, which hit equities there too. And those three French companies in particular being hit as part of that as well. Some more details on how the ultra-rich in the luxury sector have been affected by that in that report by Tara Patel. You'll find it on Bloomberg.com and on the Terminal.