Kanish Chugh

The more tactical is then how do I overweight this?

So do I go...

yes, I already believe that technology or I already believe that robotics is going to have a place.

So it's going to be featuring in my portfolio.

But right now I may believe that actually it's got greater growth because of COVID.

So then I tactically allocate more to it.

And that's what you may see.

But in that same line of tactical is where you may see is you talked about those short-term themes or those short-term, I call it,

you know, what is it thematic?

Is it a, is it a fad?

Is it a trend?

So if it's what I would call a fad, which is not to, you know, have a negative view on it, but it's shorter, um, short to medium term, therefore it's going to be more tactical.

You need to know that, um,

there's probably high volatility within that as well.

And I guess on even the thematics, there's a sense of high volatility versus just buying the market because these are disruptive forces in industry.

So there's going to be periods in which they succeed.

There's going to be periods in which they do not so well.

They have that volatility inherent with them.

So you're taking a long-term view because if I take a one-month view,

well, then I'll pretty much sell out everything and I won't look at it ever again.