Luis Alvarado

These assets are not held predominantly by European governments.

They're held by private investors.

When everybody is going through the exit door at the same time, then it's impossible to get out.

And you're going to have to lose a lot in value if you're trying to all sell at the same time.

There is a move out there, and I think it was already underway before what happened in the past week, to find alternatives to diversify your portfolio.