We, as an investment arm of Bank of Asia, also work closely with ABN Amro Asset Management in Hong Kong. They also have set up an office in Taiwan. So the whole network is working together to expand our coverage in Asia. Your company manages private funds. A private fund is a cross between a mutual fund and a provident fund.
Provident funds are much bigger in Thailand.
With a private fund, it's basically a customized private mandate that we market to institutions, like insurance companies. The private fund market is pretty small. There's a couple of big players who collectively have less than Bt10 billion under management. But we foresee tremendous opportunity in this market. Institutional investors, like insurance companies, in the past managed their investment pool internally and mostly they put the money in deposit or government bonds and a small percentage in equities.