ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING:

Today wanted to talk about your crew. ETF index which basically tracks the holdings in thirteen apps that hedge fund managers put up -- we usually don't know what's going up but we do it may released or thirteen -- so we got those last night. You hold apple in the fund is one of your top ten holdings. Apple was interesting the fact that Leon Cooperman to make advisors added. To the apple position. -- actually George Soros. -- to cut his position David Einhorn decreases the state what does that mean in the way you view apple. It's obviously had a good run so it might be pricey you maintain the holding -- -- you think about adding more?

BRUNO DEL AMA, CEO, GLOBAL X FUNDS (ENGLISH) SAYING:

So basis systematic methodologies looks that guys who set thirteen as it just came out and it sort of look systematically at the information. How we look at the largest hedge fund manager some Lebanese that you mentioned and will look at their top -- most concentrated positions has to be locked position for them at least now 5% or so that portfolio. Honest longest one of the select enhancement managers that would look at that -- low turnover to the portfolio. It's still maintains a large so I concentrated when we caught up conviction idea in this case Koppel. We will maintain a portfolio because some of the additions that you mention what's happening some people -- are stepping back. You probably still remain as one of the large concentrated positions who probably remain only.

ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING:

We had some retailers. Making news Dollar General. Was -- focus because we had download third point make a big -- increasing by about 33% -- the stock here it's hit. The last couple of weeks there other managers unloaded their shares and there was another retailer Walgreen. We saw a lot of activity -- as well. Now those not names that you have currently in the fun when you look throughout the holdings there's not a lot of retail actually isn't something that is. Sounding more like a top conviction -- so that's. Place

BRUNO DEL AMA, CEO, GLOBAL X FUNDS (ENGLISH) SAYING:

Yeah it's starting to look like it when you look at the sectors that are most prevalent at these quarter -- the top conviction idea as you do see. I saw Hamas and consumer I discretionary names I'll Walgreens -- and anywhere you see some of the largest managers are -- significant allocations of course and investing play. But some of the Yemeni activity with the answer to that they've bought in Europe some of the questions about you know maybe erupted in their headquarters and -- -- is that that could chopping -- -- absolutely.