Sales and marketing is one area where we have increased our commitment to providing superior support and service.  We have responded with initiatives that build awareness of the CI brand, and with a significant expansion of events and  communication efforts that deepen our connections to our clients. In 2012, these initiatives included: In a recent report on the state of the investment fund industry, Investor Economics noted that fewer than half of the  companies in our industry reported positive net inflows in 2012. Notably, this occurred in a year when global equity  markets experienced double-digit returns and the Canadian fund industry as a whole reported approximately $30 billion  in net sales. In fact, the research firm says, the percentage of companies in net redemptions increased to 54% from 38%  over the past two years.  13 OUTLOOK  The hiring of a highly qualified wealth management expert to provide tax, estate planning and other wealth planning  information to advisors.  Expanded communications between our portfolio managers and advisors through online platforms such as podcasts,  videocast and online presentations. And, in February 2013, Cambridge Advisors started CI’s first portfolio managers’ blog.  These efforts complement our more traditional written commentaries and in-person events such as dealer branch meetings.   The launch of the Monthly Review, a newsletter for advisors that contains information about our funds in an eye- catching newspaper format.  Two digital roadshows, in which our portfolio managers participated in a full afternoon of webcast presentations.  Three national roadshows, in which portfolio management teams presented to advisors in cities from coast to coast.  Our second annual Leadership Forum, a three-day conference in Las Vegas that was attended by approximately  800 advisors. Our portfolio managers and CI employees provided extensive information about the markets and our  investment products. We believe that the Leadership Forum has become one of the most highly regarded educational  events in our industry and the 2013 edition is scheduled for October in Los Angeles.  A national advertising campaign for CI Investments with commercials airing on television, radio and websites during the  critical RRSP season. The commercials emphasized CI’s attributes of size, experience, expertise, and a strong product  lineup and ended with the message: “CI – Canada’s Investment Company.” With the success of this initiative, we  instituted a similar campaign with even broader reach in early 2013. 