Ladies and gentlemen, thank you for standing by, and welcome to Accenture's First Quarter Fiscal 2011 Earnings Call. At this time, all lines are in a listen-only mode. Later, there will be an opportunity for your questions. I would also like to remind you
ETF and open-end asset flows combined show a strong preference for bonds, emerging markets, and passive funds, while active U.S. stock fund managers and money market funds have suffered the brunt of outflows.