Think small for big opportunities
PHIL TALLER: The benefit of owning the Global Small--Mid Cap Fund is having these active managers who know each region, well. We're pretty good at the U.S., and I know we've got award-winning managers working on Europe and Asia - I think it should be a pretty great combination. One of the things that I think could work very well for us globally is a level of research coverage on the smaller and mid-cap companies is much less. In particular, there's been some regulatory changes in Europe. Given that, there might be a lot of payoff to an active strategy in the smaller sectors.