Mara Dobrescu: The results of the pan-European Awards for Investing Excellence 2020 are in, and this year, we're taking a slightly different direction as we're announcing the winners across our websites. For the Outstanding Portfolio Manager Award our analysts have taken a hard look at portfolio managers who demonstrate excellent investment skills, the courage to differ from the consensus as well as alignment of interest with fundholders. Candidates for this award must run a fund with Morningstar analyst rating of Gold or Silver on at least one share class. After a lively debate amongst our analysts, we have voted and elected Philippe Igigabel as the winner of the Outstanding Portfolio Manager Award. Philippe is a seasoned high yield investor who has run HSBC GIF Euro High Yield for close to two decades with an approach grounded in thorough bottom-up research and an attention to valuations.