Refinitiv Lipper: European fund flow report - June 2021

Oh, I had a lovely walk to Richmond and back today. Ten miles, yes. It wasn't too hot and it was quite windy, so I didn't get all sweaty - which makes a nice change.

Anyway, down to business ...

Long-term mutual funds (+€70.6 bn) posted net inflows for June 2021.

Money market products (-€15.5 bn) posted net outflows for June 2021.

The overall fund flows for mutual funds and ETFs in Europe in June amounted to estimated net inflows of €55.0 bn.

Equity funds (+€37.8 bn) were the best-selling asset type overall for June 2021.

Equity Global (+€16.7 bn) was once again the best-selling sector among long-term funds.

Luxembourg (+€37.9 bn) was the fund domicile with the highest net inflows, followed by Ireland (+€20.1 bn) and the UK (+€7.2 bn).

JPMorgan (+€13.8 bn) was the best-selling fund promoter in Europe for June, ahead of BlackRock (+€5.9 bn) and Goldman Sachs (+€3.9 bn).

Okay, okay. It's a PR email from Detlef and the gang, so obviously. 'Does he have anything to say, our Detlef?' He probably does, Voice. Yes, he most probably does.

Oh, look - !!!

Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "European investors were in a risk-on mode over the course of June since The Thing in Europe was easing further. Because of this, it was no surprise that June 2021 was another positive month for the European fund industry since the promoters of mutual funds (+€40.8 bn) and ETFs (+€14.3 bn) enjoyed inflows. The overall flow pattern in Europe showed that investors continued to be in risk-on mode in June. In more detail, investors bought further into risky assets as long-term funds (+€70.6 bn) enjoyed inflows, while money market products (-€15.5 bn) faced estimated net outflows. In line with the general flow pattern, Equity Global (+€16.7 bn) was the best-selling classification for the month."

Nice one, Detlef! BUT(!) ... shouldn't you be on holiday, son? 'When's your holiday, boss?' I don't know, man. [Er ... holiday? Week off.]

ENDS

...

Maybe I'll take next week off - if the weather is all right. I mean, not too hot, and not too wet, you dig?

Music? I've got the chorus and pre-chorus lyric for Mighty Soul ... after many, many rewrites. This is going to be my best song and the one that I pin to the top of my Twitter, so ... I don't want the customer to suffer any weakness.

Who said that?

'You did!'

No, who said it?

'Oh, you mean Marco Pierre White.'

Correct!

'Do I win a biscuit?'

I haven't got any biscuits, Voice. I don't eat snacks.

'Oh.'

Ha! Never mind.

Bye bye.

[No. 923] These are not the words I need ...

I need Mighty Soul words.

And, well, well ...[1], and these words ... are they flying through the cosmos? Man, I don't know where they come from[1], and, well, well ...[2], and ... 'The cosmos, boss, yes!'[1], and these words ... are they flying through the cosmos? Man, I don't know where they come from[2], and I want, I want ...[1], and ... 'The cosmos, boss, yes!'[2], and Mighty Soul words are hard ...[1], and I want, I want ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[1], and Mighty Soul words are hard ...[2], and Mighty Soul words ... where do they come from? My cold mind?[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[2], and ... 'Heat it up!'[1], and Mighty Soul words ... where do they come from? My cold mind?[2], and I'm not saying ... and what am I saying?[1], and ... 'Heat it up!'[2], and, yeah, yeah ... I need fire![1], and I'm not saying ... and what am I saying?[2], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[1], and, yeah, yeah ... I need fir e![2], and ... 'Ha!'[1], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[2], and ... ha, ha, ha![1], and ... 'Ha!'[2], and, please ... don't get me started on Life and Death[1], and ... ha, ha, ha![2], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[1], and, please ... don't get me started on Life and Death[2], and the cosmos is hot![1], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[2], and, uh ...[1], and the cosmos is hot![2], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[1], and, uh ...[2], and ... 'It's because you've programmed yourself'[1], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[2], and yeah, yeah[1], and ... 'It's because you've programmed yourself'[2], and ... 'You've done over nine hundred of these things, for Christ's sake!'[1], and yeah, yeah[2], and yeah, yeah ... I don't know[1], and ... 'You've done over nine hundred of these things, for Christ's sake!'[2], and ... 'You've got to write, write, write!'[1], and yeah, yeah ... I don't know[2], and like you know[1], and ... 'You've got to write, write, write!'[2], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[1], and like you know[2], and I'm just going to jump into the sea ...[1], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[2], and ... 'No - !!!'[1], and I'm just going to jump into the sea ...[2], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[1], and ... 'No - !!!'[2], and ... 'Don't be silly!'[1], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[2], and, Jesus ...[1], and ... 'Don't be silly!'[2], and ... obviously[1], and, Jesus ...[2], and I'll struggle on, and on, and on ... obviously![1], and ... obviously[2], and ... 'Struggle!'[1], and I'll struggle on, and on, and on ... obviously![2], and ... What else is there?![1], and ... 'Struggle!'[2], and, well, well ...[3], and ... What else is there?![2], and these words ... are they flying through the cosmos? Man, I don't know where they come from[3], and ... 'The cosmos, boss, yes!'[3], and I want, I want ...[3], and Mighty Soul words are hard ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[3], and Mighty Soul words ... where do they come from? My cold mind?[3], and ... 'Heat it up!'[3], and I'm not saying ... and what am I saying?[3], and, yeah, yeah ... I need f  i  r  e![3], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[3], and ... 'Ha!'[3], and ... ha, ha, ha![3], and, please ... don't get me started on Life and Death[3], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[3], and the cosmos is hot![3], and, uh ...[3], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[3], and ... 'It's because you've programmed yourself'[3], and yeah, yeah[3], and ... 'You've done over nine hundred of these things, for Christ's sake!'[3], and yeah, yeah ... I don't know[3], and ... 'You've got to write, write, write!'[3], and like you know[3], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[3], and I'm just going to jump into the sea ...[3], and ... 'No - !!!'[3], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[3], and ... 'Don't be silly!'[3], and, Jesus ...[3], and ... obviously[3], and I'll struggle on, and on, and on ... obviously![3], and ... 'Struggle!'[3], and ... What else is there?![3], and

And, well, well ...[1], and these words ... are they flying through the cosmos? Man, I don't know where they come from[1], and, well, well ...[2], and ... 'The cosmos, boss, yes!'[1], and these words ... are they flying through the cosmos? Man, I don't know where they come from[2], and I want, I want ...[1], and ... 'The cosmos, boss, yes!'[2], and Mighty Soul words are hard ...[1], and I want, I want ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[1], and Mighty Soul words are hard ...[2], and Mighty Soul words ... where do they come from? My cold mind?[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[2], and ... 'Heat it up!'[1], and Mighty Soul words ... where do they come from? My cold mind?[2], and I'm not saying ... and what am I saying?[1], and ... 'Heat it up!'[2], and, yeah, yeah ... I need fire![1], and I'm not saying ... and what am I saying?[2], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[1], and, yeah, yeah ... I need fir e![2], and ... 'Ha!'[1], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[2], and ... ha, ha, ha![1], and ... 'Ha!'[2], and, please ... don't get me started on Life and Death[1], and ... ha, ha, ha![2], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[1], and, please ... don't get me started on Life and Death[2], and the cosmos is hot![1], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[2], and, uh ...[1], and the cosmos is hot![2], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[1], and, uh ...[2], and ... 'It's because you've programmed yourself'[1], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[2], and yeah, yeah[1], and ... 'It's because you've programmed yourself'[2], and ... 'You've done over nine hundred of these things, for Christ's sake!'[1], and yeah, yeah[2], and yeah, yeah ... I don't know[1], and ... 'You've done over nine hundred of these things, for Christ's sake!'[2], and ... 'You've got to write, write, write!'[1], and yeah, yeah ... I don't know[2], and like you know[1], and ... 'You've got to write, write, write!'[2], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[1], and like you know[2], and I'm just going to jump into the sea ...[1], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[2], and ... 'No - !!!'[1], and I'm just going to jump into the sea ...[2], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[1], and ... 'No - !!!'[2], and ... 'Don't be silly!'[1], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[2], and, Jesus ...[1], and ... 'Don't be silly!'[2], and ... obviously[1], and, Jesus ...[2], and I'll struggle on, and on, and on ... obviously![1], and ... obviously[2], and ... 'Struggle!'[1], and I'll struggle on, and on, and on ... obviously![2], and ... What else is there?![1], and ... 'Struggle!'[2], and, well, well ...[3], and ... What else is there?![2], and these words ... are they flying through the cosmos? Man, I don't know where they come from[3], and ... 'The cosmos, boss, yes!'[3], and I want, I want ...[3], and Mighty Soul words are hard ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[3], and Mighty Soul words ... where do they come from? My cold mind?[3], and ... 'Heat it up!'[3], and I'm not saying ... and what am I saying?[3], and, yeah, yeah ... I need f  i  r  e![3], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[3], and ... 'Ha!'[3], and ... ha, ha, ha![3], and, please ... don't get me started on Life and Death[3], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[3], and the cosmos is hot![3], and, uh ...[3], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[3], and ... 'It's because you've programmed yourself'[3], and yeah, yeah[3], and ... 'You've done over nine hundred of these things, for Christ's sake!'[3], and yeah, yeah ... I don't know[3], and ... 'You've got to write, write, write!'[3], and like you know[3], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[3], and I'm just going to jump into the sea ...[3], and ... 'No - !!!'[3], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[3], and ... 'Don't be silly!'[3], and, Jesus ...[3], and ... obviously[3], and I'll struggle on, and on, and on ... obviously![3], and ... 'Struggle!'[3], and ... What else is there?![3], and

And, well, well ...[1], and these words ... are they flying through the cosmos? Man, I don't know where they come from[1], and, well, well ...[2], and ... 'The cosmos, boss, yes!'[1], and these words ... are they flying through the cosmos? Man, I don't know where they come from[2], and I want, I want ...[1], and ... 'The cosmos, boss, yes!'[2], and Mighty Soul words are hard ...[1], and I want, I want ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[1], and Mighty Soul words are hard ...[2], and Mighty Soul words ... where do they come from? My cold mind?[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[2], and ... 'Heat it up!'[1], and Mighty Soul words ... where do they come from? My cold mind?[2], and I'm not saying ... and what am I saying?[1], and ... 'Heat it up!'[2], and, yeah, yeah ... I need fire![1], and I'm not saying ... and what am I saying?[2], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[1], and, yeah, yeah ... I need fir e![2], and ... 'Ha!'[1], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[2], and ... ha, ha, ha![1], and ... 'Ha!'[2], and, please ... don't get me started on Life and Death[1], and ... ha, ha, ha![2], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[1], and, please ... don't get me started on Life and Death[2], and the cosmos is hot![1], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[2], and, uh ...[1], and the cosmos is hot![2], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[1], and, uh ...[2], and ... 'It's because you've programmed yourself'[1], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[2], and yeah, yeah[1], and ... 'It's because you've programmed yourself'[2], and ... 'You've done over nine hundred of these things, for Christ's sake!'[1], and yeah, yeah[2], and yeah, yeah ... I don't know[1], and ... 'You've done over nine hundred of these things, for Christ's sake!'[2], and ... 'You've got to write, write, write!'[1], and yeah, yeah ... I don't know[2], and like you know[1], and ... 'You've got to write, write, write!'[2], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[1], and like you know[2], and I'm just going to jump into the sea ...[1], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[2], and ... 'No - !!!'[1], and I'm just going to jump into the sea ...[2], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[1], and ... 'No - !!!'[2], and ... 'Don't be silly!'[1], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[2], and, Jesus ...[1], and ... 'Don't be silly!'[2], and ... obviously[1], and, Jesus ...[2], and I'll struggle on, and on, and on ... obviously![1], and ... obviously[2], and ... 'Struggle!'[1], and I'll struggle on, and on, and on ... obviously![2], and ... What else is there?![1], and ... 'Struggle!'[2], and, well, well ...[3], and ... What else is there?![2], and these words ... are they flying through the cosmos? Man, I don't know where they come from[3], and ... 'The cosmos, boss, yes!'[3], and I want, I want ...[3], and Mighty Soul words are hard ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and I've just got to spin to get the conceptual words[3], and Mighty Soul words ... where do they come from? My cold mind?[3], and ... 'Heat it up!'[3], and I'm not saying ... and what am I saying?[3], and, yeah, yeah ... I need f  i  r  e![3], and I'm not saying I don't want conceptual words, no, no, no, BUT(!) ... Mighty Soul words are life and death to me[3], and ... 'Ha!'[3], and ... ha, ha, ha![3], and, please ... don't get me started on Life and Death[3], and, listen ... yes, I need to set fire to my mind ... because there are too many cold words taking up space[3], and the cosmos is hot![3], and, uh ...[3], and a-ROUND ... hot dizzy words are easy ... they come to me ... and I edit, that's all[3], and ... 'It's because you've programmed yourself'[3], and yeah, yeah[3], and ... 'You've done over nine hundred of these things, for Christ's sake!'[3], and yeah, yeah ... I don't know[3], and ... 'You've got to write, write, write!'[3], and like you know[3], and okay, okay ... yes, yes ... thank you, thank you ... Voice, yes ... it's all great advice[3], and I'm just going to jump into the sea ...[3], and ... 'No - !!!'[3], and, yes ... I'll be buying myself a one-way ticket to St Ives ...[3], and ... 'Don't be silly!'[3], and, Jesus ...[3], and ... obviously[3], and I'll struggle on, and on, and on ... obviously![3], and ... 'Struggle!'[3], and ... What else is there?![3], and

State Street launches ...

Oh, what does it launch now?! 'Tell us, boss!' All right, Voice, if you insist ...

BOSTON, LONDON and SILICON VALLEY, July 21, 2021 - State Street Corporation announced today that it has entered into an agreement to acquire Mercatus, Inc., a premier front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September subject to customary closing conditions. Financial terms are not being disclosed.

Ha! Today? It announced last week, actually. I wish they would be more accurate. 'Boss.' What? 'Why aren't financial terms being disclosed?' How the hell should I know?! Don't worry about it, idiot.

Anyway ...

In connection with the acquisition, the company will launch its State Street AlphaSM for Private Markets solution which will allow institutional investors to fully manage the entire lifecycle of their infrastructure, private equity, real estate, private debt and fund of funds investments through a fully integrated, digital front-to-back, single platform. This includes the ability to provide whole portfolio exposure to managers investing in both public and private markets.

Okay, okay. Sounds ... exciting, don't it? 'What does Spiros say?' Who?! Who the fuc - 'Spiros Giannaros, president and chief executive officer of Charles River Development.' Oh, him.

"Investors in private markets have historically struggled with inefficient and manual processes because existing solutions are too fragmented and rigid to meet their changing investment requirements," says Spiros Giannaros, president and chief executive officer of Charles River Development, a State Street Company. "Mercatus's focus and solution for private markets augments Charles River's market leading platform for public markets, enabling us to support clients across the full spectrum of their investment needs."

That's what Spiros says. Are you happy now, Voice? 'No.' Why not? 'I prefer the old days ... you know, when you would put words in their mouth.' Uh, Christ. I haven't got the energy for that these days.

Haresh? Come on, mate!

"Investors in both public and private markets are realizing the risk and inefficiencies created across their bespoke front, middle, and back office solutions," says Haresh Patel, chief executive officer of Mercatus. "That's why a lot of them are starting to reject the world of finance and spend most of their time in the local park eating ice cream."

'Ha! Just like Aviva Investors, boss!' Yes, Voice. 'Did Haresh really say that?' What do you think? Idiot!

Anyway, let's finish with our Paul ...

"Institutional investors are turning to the private markets as the hunt for alpha intensifies," says Paul Fleming, executive vice president and global head of State Street's Alternatives Segment. "Expanding our alternative offerings will help us meet the multifaceted needs of these investors and provide our clients with even more solutions."

Well ... 'I can believe that!' Yeah, yeah.

Don't believe everything you read.

ENDS

ENDS

ENDS

...

Anything else? Music?

Don't ask me about music. The only good thing I can say is ... I only played my guitar for two hours last week AND ... it hasn't affected my playing one bit, man. I mean, I haven't lost my groove or whatever. / I remember that seventeen-week period in 2014 when I played the guitar for over twenty hours a week and still sounded like shit at the end of it.

Years, years, years. You need years. Unless you find yourself in a Hamburg situation, like The Beatles. They were more or less forced to play eight hours a day, er ... eight days a week. 'It was a hard day's night for them, boss.' Yes, it was, Voice. Well said!

Laters.

Hello

How are you?

Your inner world must be more powerful and intense than anything in the outer world.

Don't look to the world, my kooks.

The world is a shitshow full of weakness and stupidity, and it will only get worse.

There is nothing genuine in ordinary reality.

Go, go, go ... inside yourself, and stay there.

Control your consciousness ness subconsciousness ness ness. Be careful. What are you letting in?

Program yourself.

What are you doing with your life? Do family and friends and other strangers approve?

If they don't approve, never never never ... mind.

Live how you like.

There is freedom in alienation.

Only your opinion counts.

Remember though, the cosmos is watching ...

You are a fragment.

The cosmos is open to you. The cosmos is the only living thing you can trust. Even those lovely dolphins are wrapped up in their own affairs.

You must have two states of ego: massive, and none. Use them at the right times.

Smile for no reason.

Be positive for a laugh.

If you are base metal, become gold.

And remember this -

Spiritual aristocrats are stronger than the outer world, and stronger than ordinary reality.

Open your eyes.

[No. 922] What's the next challenge?

Do I need one?

And, well ...[1], and, come on ...[1], and, well ...[2], and ... 'What?'[1], and, come on ...[2], and, come on, come on ... tell me![1], and ... 'What?'[2], and after the three thousand push-ups ... what's next?[1], and, come on, come on ... tell me![2], and I'm ready for anything![1], and after the three thousand push-ups ... what's next?[2], and ... 'You should spin beyond the THREE, boss'[1], and I'm ready for anything![2], and, Christ ...[1], and ... 'You should spin beyond the THREE, boss'[2], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[1], and, Christ ...[2], and ... 'We want a miracle!'[1], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[2], and a-ROUND here ... is the miracle, man[1], and ... 'We want a miracle!'[2], and who is ... we?[1], and a-ROUND here ... is the miracle, man[2], and all my admirers ...[1], and who is ... we?[2], and maybe I'll walk for a thousand miles ... in a thousand days[1], and all my admirers ...[2], and ... 'Spin, spin, spin ... beyond the THREE!'[1], and maybe I'll walk for a thousand miles ... in a thousand days[2], and, shut up, idiot![1], and ... 'Spin, spin, spin ... beyond the THREE!'[2], and I wonder ...[1], and, shut up, idiot![2], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[1], and I wonder ...[2], and I'm strong enough ...[1], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[2], and I will take musical art to such places ...[1], and I'm strong enough ...[2], and the cold world will shake![1], and I will take musical art to such places ...[2], and ... 'Impossible!'[1], and the cold world will shake![2], and, ha! ... I'll do it, I'll do it, I'll do it![1], and ... 'Impossible!'[2], and ... 'Three times?'[1], and, ha! ... I'll do it, I'll do it, I'll do it![2], and I'll keep going, and I won't stop until ... I have something that is perfect ... oh, godlike![1], and ... 'Three times?'[2], and a new world to conquer ... I'll not weep, no![1], and I'll keep going, and I won't stop until ... I have something that is per fect ... oh, godlike![2], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[1], and a new world to conquer ... I'll not weep, no![2], and Jesus H. - !!![1], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[2], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[1], and Jesus H. - !!![2], and ... do you understand? Do you?![1], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[2], and ... 'Yes, yes, okay'[1], and ... do you understand? Do you?![2], and, ha, ha, ha![1], and ... 'Yes, yes, okay'[2], and that told you, didn't it? Didn't it?![1], and, ha, ha, ha![2], and ... 'Yes, yes, well, fair enough, and good luck!'[1], and that told you, didn't it? Didn't it?![2], and, thank you[1], and ... 'Yes, yes, well, fair enough, and good luck!'[2], and, well ...[3], and, thank you[2], and, come on ...[3], and ... 'What?'[3], and, come on, come on ... tell me![3], and after the three thousand push-ups ... what's next?[3], and I'm ready for anything![3], and ... 'You should spin beyond the THREE, boss'[3], and, Christ ...[3], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[3], and ... 'We want a miracle!'[3], and a-ROUND here ... is the miracle, man[3], and who is ... we?[3], and all my admirers ...[3], and maybe I'll walk for a thousand miles ... in a thousand days[3], and ... 'Spin, spin, spin ... beyond the THREE!'[3], and, shut up, idiot![3], and I wonder ...[3], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[3], and I'm strong enough ...[3], and I will take musical art to such places ...[3], and the cold world will shake![3], and ... 'Impossible!'[3], and, ha! ... I'll do it, I'll do it, I'll do it![3], and ... 'Three times?'[3], and I'll keep going, and I won't stop until ... I have something that is p  e  r  f  e  c  t ... oh, godlike![3], and a new world to conquer ... I'll not weep, no![3], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[3], and Jesus H. - !!![3], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[3], and ... do you understand? Do you?![3], and ... 'Yes, yes, okay'[3], and, ha, ha, ha![3], and that told you, didn't it? Didn't it?![3], and ... 'Yes, yes, well, fair enough, and good luck!'[3], and, thank you[3], and

And, well ...[1], and, come on ...[1], and, well ...[2], and ... 'What?'[1], and, come on ...[2], and, come on, come on ... tell me![1], and ... 'What?'[2], and after the three thousand push-ups ... what's next?[1], and, come on, come on ... tell me![2], and I'm ready for anything![1], and after the three thousand push-ups ... what's next?[2], and ... 'You should spin beyond the THREE, boss'[1], and I'm ready for anything![2], and, Christ ...[1], and ... 'You should spin beyond the THREE, boss'[2], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[1], and, Christ ...[2], and ... 'We want a miracle!'[1], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[2], and a-ROUND here ... is the miracle, man[1], and ... 'We want a miracle!'[2], and who is ... we?[1], and a-ROUND here ... is the miracle, man[2], and all my admirers ...[1], and who is ... we?[2], and maybe I'll walk for a thousand miles ... in a thousand days[1], and all my admirers ...[2], and ... 'Spin, spin, spin ... beyond the THREE!'[1], and maybe I'll walk for a thousand miles ... in a thousand days[2], and, shut up, idiot![1], and ... 'Spin, spin, spin ... beyond the THREE!'[2], and I wonder ...[1], and, shut up, idiot![2], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[1], and I wonder ...[2], and I'm strong enough ...[1], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[2], and I will take musical art to such places ...[1], and I'm strong enough ...[2], and the cold world will shake![1], and I will take musical art to such places ...[2], and ... 'Impossible!'[1], and the cold world will shake![2], and, ha! ... I'll do it, I'll do it, I'll do it![1], and ... 'Impossible!'[2], and ... 'Three times?'[1], and, ha! ... I'll do it, I'll do it, I'll do it![2], and I'll keep going, and I won't stop until ... I have something that is perfect ... oh, godlike![1], and ... 'Three times?'[2], and a new world to conquer ... I'll not weep, no![1], and I'll keep going, and I won't stop until ... I have something that is per fect ... oh, godlike![2], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[1], and a new world to conquer ... I'll not weep, no![2], and Jesus H. - !!![1], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[2], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[1], and Jesus H. - !!![2], and ... do you understand? Do you?![1], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[2], and ... 'Yes, yes, okay'[1], and ... do you understand? Do you?![2], and, ha, ha, ha![1], and ... 'Yes, yes, okay'[2], and that told you, didn't it? Didn't it?![1], and, ha, ha, ha![2], and ... 'Yes, yes, well, fair enough, and good luck!'[1], and that told you, didn't it? Didn't it?![2], and, thank you[1], and ... 'Yes, yes, well, fair enough, and good luck!'[2], and, well ...[3], and, thank you[2], and, come on ...[3], and ... 'What?'[3], and, come on, come on ... tell me![3], and after the three thousand push-ups ... what's next?[3], and I'm ready for anything![3], and ... 'You should spin beyond the THREE, boss'[3], and, Christ ...[3], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[3], and ... 'We want a miracle!'[3], and a-ROUND here ... is the miracle, man[3], and who is ... we?[3], and all my admirers ...[3], and maybe I'll walk for a thousand miles ... in a thousand days[3], and ... 'Spin, spin, spin ... beyond the THREE!'[3], and, shut up, idiot![3], and I wonder ...[3], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[3], and I'm strong enough ...[3], and I will take musical art to such places ...[3], and the cold world will shake![3], and ... 'Impossible!'[3], and, ha! ... I'll do it, I'll do it, I'll do it![3], and ... 'Three times?'[3], and I'll keep going, and I won't stop until ... I have something that is p  e  r  f  e  c  t ... oh, godlike![3], and a new world to conquer ... I'll not weep, no![3], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[3], and Jesus H. - !!![3], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[3], and ... do you understand? Do you?![3], and ... 'Yes, yes, okay'[3], and, ha, ha, ha![3], and that told you, didn't it? Didn't it?![3], and ... 'Yes, yes, well, fair enough, and good luck!'[3], and, thank you[3], and

And, well ...[1], and, come on ...[1], and, well ...[2], and ... 'What?'[1], and, come on ...[2], and, come on, come on ... tell me![1], and ... 'What?'[2], and after the three thousand push-ups ... what's next?[1], and, come on, come on ... tell me![2], and I'm ready for anything![1], and after the three thousand push-ups ... what's next?[2], and ... 'You should spin beyond the THREE, boss'[1], and I'm ready for anything![2], and, Christ ...[1], and ... 'You should spin beyond the THREE, boss'[2], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[1], and, Christ ...[2], and ... 'We want a miracle!'[1], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[2], and a-ROUND here ... is the miracle, man[1], and ... 'We want a miracle!'[2], and who is ... we?[1], and a-ROUND here ... is the miracle, man[2], and all my admirers ...[1], and who is ... we?[2], and maybe I'll walk for a thousand miles ... in a thousand days[1], and all my admirers ...[2], and ... 'Spin, spin, spin ... beyond the THREE!'[1], and maybe I'll walk for a thousand miles ... in a thousand days[2], and, shut up, idiot![1], and ... 'Spin, spin, spin ... beyond the THREE!'[2], and I wonder ...[1], and, shut up, idiot![2], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[1], and I wonder ...[2], and I'm strong enough ...[1], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[2], and I will take musical art to such places ...[1], and I'm strong enough ...[2], and the cold world will shake![1], and I will take musical art to such places ...[2], and ... 'Impossible!'[1], and the cold world will shake![2], and, ha! ... I'll do it, I'll do it, I'll do it![1], and ... 'Impossible!'[2], and ... 'Three times?'[1], and, ha! ... I'll do it, I'll do it, I'll do it![2], and I'll keep going, and I won't stop until ... I have something that is perfect ... oh, godlike![1], and ... 'Three times?'[2], and a new world to conquer ... I'll not weep, no![1], and I'll keep going, and I won't stop until ... I have something that is per fect ... oh, godlike![2], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[1], and a new world to conquer ... I'll not weep, no![2], and Jesus H. - !!![1], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[2], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[1], and Jesus H. - !!![2], and ... do you understand? Do you?![1], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[2], and ... 'Yes, yes, okay'[1], and ... do you understand? Do you?![2], and, ha, ha, ha![1], and ... 'Yes, yes, okay'[2], and that told you, didn't it? Didn't it?![1], and, ha, ha, ha![2], and ... 'Yes, yes, well, fair enough, and good luck!'[1], and that told you, didn't it? Didn't it?![2], and, thank you[1], and ... 'Yes, yes, well, fair enough, and good luck!'[2], and, well ...[3], and, thank you[2], and, come on ...[3], and ... 'What?'[3], and, come on, come on ... tell me![3], and after the three thousand push-ups ... what's next?[3], and I'm ready for anything![3], and ... 'You should spin beyond the THREE, boss'[3], and, Christ ...[3], and, ha, ha, ha! ... don't be ridiculous, Voice ... no one has ever done that ... as far as I know[3], and ... 'We want a miracle!'[3], and a-ROUND here ... is the miracle, man[3], and who is ... we?[3], and all my admirers ...[3], and maybe I'll walk for a thousand miles ... in a thousand days[3], and ... 'Spin, spin, spin ... beyond the THREE!'[3], and, shut up, idiot![3], and I wonder ...[3], and, uh ... finishing the lyric for Mighty Soul might be the next challenge ... yes, finishing the whole song[3], and I'm strong enough ...[3], and I will take musical art to such places ...[3], and the cold world will shake![3], and ... 'Impossible!'[3], and, ha! ... I'll do it, I'll do it, I'll do it![3], and ... 'Three times?'[3], and I'll keep going, and I won't stop until ... I have something that is p  e  r  f  e  c  t ... oh, godlike![3], and a new world to conquer ... I'll not weep, no![3], and ... 'Beyond human limits? Is that what you're saying? Impossible!'[3], and Jesus H. - !!![3], and, listen, my little idiot ... nothing is impossible when the cosmos has taken a personal interest in your life[3], and ... do you understand? Do you?![3], and ... 'Yes, yes, okay'[3], and, ha, ha, ha![3], and that told you, didn't it? Didn't it?![3], and ... 'Yes, yes, well, fair enough, and good luck!'[3], and, thank you[3], and

Acofi Gestion's ...

Its innovative real estate impact debt fund closes first loan. That's what it's about. This post. That email.

I must look at it now.

I don't want to ...

BUT I MUST - !!!

The fund RED VI Impact announces closing its first loan transaction. Established earlier this year and targeting € 600 million, the fund has already pieced together a handful of institutions. This inaugural loan materializes its innovative strategy, with the financing of an office property in the Netherlands for LCN. The collateral is a positive energy asset. 

Yes, office property in the Netherlands. What does that mean to me? The same as everything else. But still I write it. Still I write this. I can't stop. I would like to stop ... but they say it will rain this week. Last week it was too hot, and now it will rain. That's what they say. Those people with the little rain symbols. I hate them. They don't do any real work. They just look out of the window.

The loans to be originated by the fund, managed by Acofi Gestion, will include environmental impact features based on a set of specific actions to be carried out by the borrowers in four key areas, aligned with the UN's Sustainable Development Goals (SDGs) and relevant to the property industry: water management, greenhouse gas emissions, waste management and energy consumption.

Oh, okay ... I mean. Do you know what I mean?

Each of the actions to be undertaken for every loan will include specific capital expenditure items aimed at improving the assets' environmental footprint. Such actions will be determined on a loan-by-loan basis and may include optimized lighting, increased recycling capacity, the planting of trees, or the sourcing of renewable energy. Upon completion of each item, the loan interest rate will decrease. Acofi wishes to incentivize borrowers on their course for better standards, focusing on specific, pragmatic and measurable targets. Furthermore, the loan portfolio will be audited to ensure compliance with the strategy. Lastly, this pioneering approach will be sanctioned by an annual ESG report delivered to fund investors.

I'm hungry. My jeans are falling down a bit, so I must tighten my belt. I've put on a pound of weight in the last week. This only makes sense when you - or I, probably I - realize that it was muscle, not fat. Should I be happy about that? It's day thirty of the thirty-day challenge. Three thousand push-ups in thirty days. Two months ago, I couldn't do one push-up. Not one! Here I am knackered, today, with three thousand.  After thirty days.

RED VI Impact is Acofi's 6th vintage in the European real estate senior debt industry. Fundraising for this initiative has already commenced, capitalizing on the success factors of prior generations, namely direct lending and a focus on the Eurozone's most liquid property markets. With a strong emphasis on real estate impact lending, Acofi Gestion has commissioned EthiFinance to validate and audit the strategy and its implementation.

I will have a cheese sandwich for lunch, and a strawberry cheesecake - one of those small ones. I might have crisps, too. I'm not sure yet. I am very, very hungry.

Simultaneously, the management company announces the final deployment of its 5th vintage, with some € 575 million invested since its launch in July 2017 and covering the largest Eurozone countries. The final loan has recently been extended in the Netherlands. The € 38 million loan finances the largest Dutch property developer, Somerset Capital Partners', for a 94,000 sqm logistics platform at the heart of the country. The asset serves as the omni-channel distribution center for a household name in the Dutch retail market, which is committed to the property under a 15-year lease.

We must listen to the Joes voice ...

Joes Daemen, CEO and founder of Somerset Capital Partners: "We are pleased to have added a new trusted financing partner to our network and are eager to expand our relationship with Acofi towards a prosperous future cooperation."

Or maybe they are the Joes voices. How many Joes are there? I don't know.

Benjamin Debre, deputy head of CRE lending at Acofi Gestion comments: "We are glad to have partnered with the sponsor, outside our home market and under very short time constraints. This loan marks the final deployment of our fifth vintage and paves the way to write a new chapter in Acofi's senior lending history with impact lending."

That was the Benny voice.

There is only one Benny. That's the truth. Only one Benny.

Well ... there is only one Benny today.

ENDS

ENDS

ENDS

Refinitiv Lipper: European ETF market report - June 2021

For immediate release.

All right, calm down! I'm releasing it as fast as I can.

[These people ...]

Yeah, yeah. It's a PR email from Refinitiv. Last post of the week, thank the cosmos, because I'm knackered with all this heat, you dig?

I'm surprised that Detlef isn't on holiday, but never mind. 'He's a workaholic, boss.' Ha! He's nuts, more like.

Anyway ...

ETF promoters in Europe experienced estimated net inflows of €14.3 bn for June.

Assets under management in the European ETF industry hit a new all-time high (€1,177.8 bn) at the end of June 2021.

Equity ETFs (+€11.9 bn) posted the highest estimated net inflows in the European ETF industry for June.

The best-selling Lipper global classification for June was Equity Global (+€4.4 bn), followed by Equity US (+€2.9 bn) and Equity Europe (+€1.4 bn).

iShares was the best-selling ETF promoter in Europe for June (+€5.9 bn), ahead of Xtrackers (+€2.6 bn) and Lyxor ETF (+€1.1 bn).

The 10 best-selling funds gathered total net inflows of €5.2 bn for June.

The best-selling ETF for June, iShares Core MSCI World UCITS ETF USD (Acc), accounted for net inflows of €1.1 bn.

Right.

Detlef?

Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "June 2021 marked the fifteenth consecutive month with inflows into ETFs after the outflows caused by the outbreak of The Thing in March 2020. These inflows occurred in a positive but volatile market environment in which investor sentiment was still impacted by the dynamics of The Thing and the resulting actions taken by central banks and governments in Europe and other parts of the world."

Okay. Thanks, man.

ENDS

...

Anything else? No! There's nothing else. I'm tired.

'Come on!'

Well ...

Dinner tonight? Veggie burger, chips, Kronenbourg. Then a Magnum ice cream.

'Music!'

It's too hot for music, Voice. Leave me alone!

'Say something motivational. For your readers, Mikey.'

Uh.

Do it. Do it. Do it.

All right?

Laters.

[No. 921] I'll be hotter when everything is cooler

I can't function.

And, uh, uh[1], and I can't think - thank the cosmos![1], and, uh, uh[2], and a-ROUND here ... there ... and everywhere![1], and I can't think - thank the cosmos![2], and ... help ... ?[1], and a-ROUND here ... there ... and everywhere![2], and give me water! / and give me ice![1], and ... help ... ?[2], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[1], and give me water! / and give me ice![2], and there's a stronger me ... waiting to burst out[1], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[2], and with passion, yes![1], and there's a stronger me ... waiting to burst out[2], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking fire - !!![1], and with passion, yes![2], and what would Goggins do?[1], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking fir e - !!![2], and tell me, tell me ... come on, my faithful Voice[1], and what would Goggins do?[2], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[1], and tell me, tell me ... come on, my faithful Voice[2], and, Christ, no![1], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[2], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[1], and, Christ, no![2], and ... HELP - !!![1], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[2], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[1], and ... HELP - !!![2], and ... ??? ... ??? ... ???[1], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[2], and ... 'Yeah, yeah'[1], and ... ??? ... ??? ... ???[2], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[1], and ... 'Yeah, yeah'[2], and I'm sitting at the laptop, fan on[1], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[2], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[1], and I'm sitting at the laptop, fan on[2], and my guitar, my guitar ... ?[1], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[2], and ... 'Play it, boss! Play it again, and again, and again'[1], and my guitar, my guitar ... ?[2], and shut up, idiot![1], and ... 'Play it, boss! Play it again, and again, and again'[2], and listen ... 'I'm listening' ... ... ...[1], and shut up, idiot![2], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is cooler[1], and listen ... 'I'm listening' ... ... ...[2], and ... 'Oh, all right'[1], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is coo ler[2], and I will be so, hot, hot, HOT - !!![1], and ... 'Oh, all right'[2], and ... 'Great!'[1], and I will be so, hot, hot, HOT - !!![2], and, oh ... you dig, don't you?[1], and ... 'Great!'[2], and, ha![1], and, oh ... you dig, don't you?[2], and, uh, uh[3], and, ha![2], and I can't think - thank the cosmos![3], and a-ROUND here ... there ... and everywhere![3], and ... help ... ?[3], and give me water! / and give me ice![3], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[3], and there's a stronger me ... waiting to burst out[3], and with passion, yes![3], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking f  i  r  e - !!![3], and what would Goggins do?[3], and tell me, tell me ... come on, my faithful Voice[3], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[3], and, Christ, no![3], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[3], and ... HELP - !!![3], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[3], and ... ??? ... ??? ... ???[3], and ... 'Yeah, yeah'[3], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[3], and I'm sitting at the laptop, fan on[3], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[3], and my guitar, my guitar ... ?[3], and ... 'Play it, boss! Play it again, and again, and again'[3], and shut up, idiot![3], and listen ... 'I'm listening' ... ... ...[3], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is c  o  o  l  e  r[3], and ... 'Oh, all right'[3], and I will be so, hot, hot, HOT - !!![3], and ... 'Great!'[3], and, oh ... you dig, don't you?[3], and, ha![3], and

And, uh, uh[1], and I can't think - thank the cosmos![1], and, uh, uh[2], and a-ROUND here ... there ... and everywhere![1], and I can't think - thank the cosmos![2], and ... help ... ?[1], and a-ROUND here ... there ... and everywhere![2], and give me water! / and give me ice![1], and ... help ... ?[2], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[1], and give me water! / and give me ice![2], and there's a stronger me ... waiting to burst out[1], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[2], and with passion, yes![1], and there's a stronger me ... waiting to burst out[2], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking fire - !!![1], and with passion, yes![2], and what would Goggins do?[1], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking fir e - !!![2], and tell me, tell me ... come on, my faithful Voice[1], and what would Goggins do?[2], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[1], and tell me, tell me ... come on, my faithful Voice[2], and, Christ, no![1], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[2], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[1], and, Christ, no![2], and ... HELP - !!![1], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[2], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[1], and ... HELP - !!![2], and ... ??? ... ??? ... ???[1], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[2], and ... 'Yeah, yeah'[1], and ... ??? ... ??? ... ???[2], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[1], and ... 'Yeah, yeah'[2], and I'm sitting at the laptop, fan on[1], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[2], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[1], and I'm sitting at the laptop, fan on[2], and my guitar, my guitar ... ?[1], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[2], and ... 'Play it, boss! Play it again, and again, and again'[1], and my guitar, my guitar ... ?[2], and shut up, idiot![1], and ... 'Play it, boss! Play it again, and again, and again'[2], and listen ... 'I'm listening' ... ... ...[1], and shut up, idiot![2], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is cooler[1], and listen ... 'I'm listening' ... ... ...[2], and ... 'Oh, all right'[1], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is coo ler[2], and I will be so, hot, hot, HOT - !!![1], and ... 'Oh, all right'[2], and ... 'Great!'[1], and I will be so, hot, hot, HOT - !!![2], and, oh ... you dig, don't you?[1], and ... 'Great!'[2], and, ha![1], and, oh ... you dig, don't you?[2], and, uh, uh[3], and, ha![2], and I can't think - thank the cosmos![3], and a-ROUND here ... there ... and everywhere![3], and ... help ... ?[3], and give me water! / and give me ice![3], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[3], and there's a stronger me ... waiting to burst out[3], and with passion, yes![3], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking f  i  r  e - !!![3], and what would Goggins do?[3], and tell me, tell me ... come on, my faithful Voice[3], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[3], and, Christ, no![3], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[3], and ... HELP - !!![3], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[3], and ... ??? ... ??? ... ???[3], and ... 'Yeah, yeah'[3], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[3], and I'm sitting at the laptop, fan on[3], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[3], and my guitar, my guitar ... ?[3], and ... 'Play it, boss! Play it again, and again, and again'[3], and shut up, idiot![3], and listen ... 'I'm listening' ... ... ...[3], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is c  o  o  l  e  r[3], and ... 'Oh, all right'[3], and I will be so, hot, hot, HOT - !!![3], and ... 'Great!'[3], and, oh ... you dig, don't you?[3], and, ha![3], and

And, uh, uh[1], and I can't think - thank the cosmos![1], and, uh, uh[2], and a-ROUND here ... there ... and everywhere![1], and I can't think - thank the cosmos![2], and ... help ... ?[1], and a-ROUND here ... there ... and everywhere![2], and give me water! / and give me ice![1], and ... help ... ?[2], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[1], and give me water! / and give me ice![2], and there's a stronger me ... waiting to burst out[1], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[2], and with passion, yes![1], and there's a stronger me ... waiting to burst out[2], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking fire - !!![1], and with passion, yes![2], and what would Goggins do?[1], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking fir e - !!![2], and tell me, tell me ... come on, my faithful Voice[1], and what would Goggins do?[2], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[1], and tell me, tell me ... come on, my faithful Voice[2], and, Christ, no![1], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[2], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[1], and, Christ, no![2], and ... HELP - !!![1], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[2], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[1], and ... HELP - !!![2], and ... ??? ... ??? ... ???[1], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[2], and ... 'Yeah, yeah'[1], and ... ??? ... ??? ... ???[2], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[1], and ... 'Yeah, yeah'[2], and I'm sitting at the laptop, fan on[1], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[2], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[1], and I'm sitting at the laptop, fan on[2], and my guitar, my guitar ... ?[1], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[2], and ... 'Play it, boss! Play it again, and again, and again'[1], and my guitar, my guitar ... ?[2], and shut up, idiot![1], and ... 'Play it, boss! Play it again, and again, and again'[2], and listen ... 'I'm listening' ... ... ...[1], and shut up, idiot![2], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is cooler[1], and listen ... 'I'm listening' ... ... ...[2], and ... 'Oh, all right'[1], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is coo ler[2], and I will be so, hot, hot, HOT - !!![1], and ... 'Oh, all right'[2], and ... 'Great!'[1], and I will be so, hot, hot, HOT - !!![2], and, oh ... you dig, don't you?[1], and ... 'Great!'[2], and, ha![1], and, oh ... you dig, don't you?[2], and, uh, uh[3], and, ha![2], and I can't think - thank the cosmos![3], and a-ROUND here ... there ... and everywhere![3], and ... help ... ?[3], and give me water! / and give me ice![3], and I can just about feel things, yes ... in this heat ... this nightmare heat ... oh, when will I awaken?[3], and there's a stronger me ... waiting to burst out[3], and with passion, yes![3], and a-ROUND, and a-ROUND, and a-ROUND ... / and you guessed it ... I'm talking f  i  r  e - !!![3], and what would Goggins do?[3], and tell me, tell me ... come on, my faithful Voice[3], and ... ... ... 'Goggins would go for a two-hundred mile run, Mikey, ha!'[3], and, Christ, no![3], and I want to lie down ... uh, asleep ... so ... am ... I ... awake ... then ... ? ... I just don't know[3], and ... HELP - !!![3], and my brain, my heart, my soul ... will come together, all three in one, so powerful ... after this pain, yes, yes[3], and ... ??? ... ??? ... ???[3], and ... 'Yeah, yeah'[3], and where am I? ... uh ... in inner inner space ... with everything burning ... it's a terrible situation[3], and I'm sitting at the laptop, fan on[3], and a-ROUND here ... or over there ... I'm so confused ... is there any hope for me?[3], and my guitar, my guitar ... ?[3], and ... 'Play it, boss! Play it again, and again, and again'[3], and shut up, idiot![3], and listen ... 'I'm listening' ... ... ...[3], and I have three chords, man, and I have the truth ... but, please ... we must wait until everything is c  o  o  l  e  r[3], and ... 'Oh, all right'[3], and I will be so, hot, hot, HOT - !!![3], and ... 'Great!'[3], and, oh ... you dig, don't you?[3], and, ha![3], and

State Street and Korea's NPS extend global equity and alternatives custody and middle-office servicing agreement

Oh.

Are we talking North Korea or South Korea here?

HONG KONG, July 12, 2021 - State Street Corporation today announced that its service contract with the National Pension Service of Korea (NPS), the world's third largest pension fund[1], has been renewed.  State Street will continue to provide back-office and middle-office services for the NPS global equity and alternatives portfolios which have KRW 222 trillion (USD 195 billion) and KRW 49 trillion (USD 43 billion) assets under management respectively[2].

Well, well ... okay. They don't want to say. It's probably North Korea. I don't know.  / Oh, I think it's strange that they say "today announced" when this email is nine days old, but never mind. 'When did you receive the email, boss?' Nine days ago. 'I see.' Shut up!

Also notice ... they're failing to do the conceptual stuff properly. No no [3], and no repetition.

Anyway ...

"We are excited to be continuing our long-term partnership with the NPS," says Ian Martin, global head of Asset Owner Segment at State Street. "Over the past decade, the NPS has diversified its investment portfolio by raising allocations to foreign and alternative assets. Searching for returns across multiple asset classes requires a fresh approach to mitigating risk and managing data. We are proud to be helping the NPS harmonize and capitalize on data. This reappointment underscores our capabilities in terms of supporting pension funds to manage risk effectively, drive operational efficiency, balance liquidity and achieve better outcomes for their members."

Whatever, Ian. Whatever! I mean ... 'Are you in a bad mood this morning, boss?' I'm worn out by all this heat, Voice. I'm glad I cancelled my week off. I couldn't go out every day in this weather. 'Okay.' And I'm glad I didn't go to Cornwall because I watched Wycliffe yesterday. 'Eh?!' There was a deranged soldier with his killer dog on Bodmin Moor. 'Oh, okay.' Yeah. Number of the Beast. You've got to be careful down there, man.

Anyway ...

State Street has been providing custody, fund accounting, performance and analytics, mandate compliance and securities lending services to the NPS' global equity and alternatives portfolio since 2014. In 2018, the NPS appointed State Street to support its middle-office operations, including Investment Book of Record (IBOR) services, transaction management, trade processing and data consolidation and customization services.

Well ... I don't know what to say.

Let's finish with the Mostapha voice ...

"Over the past seven years, we have built a strong partnership with the NPS based not only our capabilities but also on our focus on continuous innovation and commitment to prioritize environmental, social and governance (ESG)," says Mostapha Tahiri, chief executive officer for Asia Pacific at State Street. "Sustainability is one of the six investment principles of the NPS and it is also a core value for State Street. We embed ESG principles into everything we do to create a more sustainable future for our business and the communities we serve. Many leading institutional investors in Asia Pacific, like the NPS, have been incorporating ESG factors into their investment processes. In the fast-paced, ever-changing financial services industry, we innovate constantly to help our clients stay abreast of and manage critical business issues."

Yeah, thanks for that.

ENDS

...

Anything else?

Well, the good news is ... I've done my hundred push-ups this morning. Just got them out of the way early. I mean, in this heat, you dig? Day twenty-five, yes.

Should I buy some more Kronenbourg? Those two cans were the first alcohol I've had for eighteen months. I mainly drink on holiday. I haven't been on holiday. Sure, I used to go to the pub down by the river, but ... I'm not going now with all the restrictions, man. You've still got to sign in or whatever. I don't know.

Forget about it.

Guitar? Christ! In this heat? I managed half an hour yesterday. Don't worry though, kook(s). I'm not giving up. Despite the heat, The Thing, my personal situation ... that Lennon audiobook has convinced me to stick to the plan of making the Twenties like the Sixties ... in my own image, you dig? Remember I said that? End of 2019? Whenever. 'The heat's gone to your head!' Ha, ha, ha!

Anyway ...

Laters.

[No. 920] Do you feel free?

I'm afraid this is the only real freedom.

And, yes, yes[1], and if you're trapped in real life ...[1], and, yes, yes[2], and, well ... they think it's real, those morons[1], and if you're trapped in real life ...[2], and, out, out, out ... in that cold world - oh no![1], and, well ... they think it's real, those morons[2], and here ... ?[1], and, out, out, out ... in that cold world - oh no![2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[1], and here ... ?[2], and, you, you, you ...[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[2], and come on, baby - spin![1], and, you, you, you ...[2], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[1], and come on, baby - spin![2], and ... What the hell you gonna do?[1], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[2], and ... 'Help them!'[1], and ... What the hell you gonna do?[2], and, spin, spin, spin![1], and ... 'Help them!'[2], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[1], and, spin, spin, spin![2], and ... 'They feel free, Mikey!'[1], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[2], and, well, well ...[1], and ... 'They feel free, Mikey!'[2], and ... 'They feel loved, Mikey!'[1], and, well, well ...[2], and ... well![1], and ... 'They feel loved, Mikey!'[2], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[1], and ... well![2], and ... 'Yippee!'[1], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[2], and I was born for the dizzy life[1], and ... 'Yippee!'[2], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[1], and I was born for the dizzy life[2], and ha, ha, ha! ... enjoying life now![1], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[2], and me dinner tonight?[1], and ha, ha, ha! ... enjoying life now![2], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[1], and me dinner tonight?[2], and you don't have to leave home to have fun, but ...[1], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[2], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[1], and you don't have to leave home to have fun, but ...[2], and here I am ...[1], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[1], and here I am ...[2], and here you are ...[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[2], and ... uh![1], and here you are ...[2], and ... you want more?![1], and ... uh![2], and there is NOTHING more ... not for our sort[1], and ... you want more?![2], and, yes, yes[3], and there is NOT HING more ... not for our sort[2], and if you're trapped in real life ...[3], and, well ... they think it's real, those morons[3], and, out, out, out ... in that cold world - oh no![3], and here ... ?[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[3], and, you, you, you ...[3], and come on, baby - spin![3], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[3], and ... What the hell you gonna do?[3], and ... 'Help them!'[3], and, spin, spin, spin![3], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[3], and ... 'They feel free, Mikey!'[3], and, well, well ...[3], and ... 'They feel loved, Mikey!'[3], and ... well![3], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[3], and ... 'Yippee!'[3], and I was born for the dizzy life[3], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[3], and ha, ha, ha! ... enjoying life now![3], and me dinner tonight?[3], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[3], and you don't have to leave home to have fun, but ...[3], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[3], and here I am ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[3], and here you are ...[3], and ... uh![3], and ... you want more?![3], and there is N  O  T  H  I  N  G more ... not for our sort[3], and

And, yes, yes[1], and if you're trapped in real life ...[1], and, yes, yes[2], and, well ... they think it's real, those morons[1], and if you're trapped in real life ...[2], and, out, out, out ... in that cold world - oh no![1], and, well ... they think it's real, those morons[2], and here ... ?[1], and, out, out, out ... in that cold world - oh no![2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[1], and here ... ?[2], and, you, you, you ...[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[2], and come on, baby - spin![1], and, you, you, you ...[2], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[1], and come on, baby - spin![2], and ... What the hell you gonna do?[1], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[2], and ... 'Help them!'[1], and ... What the hell you gonna do?[2], and, spin, spin, spin![1], and ... 'Help them!'[2], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[1], and, spin, spin, spin![2], and ... 'They feel free, Mikey!'[1], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[2], and, well, well ...[1], and ... 'They feel free, Mikey!'[2], and ... 'They feel loved, Mikey!'[1], and, well, well ...[2], and ... well![1], and ... 'They feel loved, Mikey!'[2], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[1], and ... well![2], and ... 'Yippee!'[1], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[2], and I was born for the dizzy life[1], and ... 'Yippee!'[2], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[1], and I was born for the dizzy life[2], and ha, ha, ha! ... enjoying life now![1], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[2], and me dinner tonight?[1], and ha, ha, ha! ... enjoying life now![2], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[1], and me dinner tonight?[2], and you don't have to leave home to have fun, but ...[1], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[2], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[1], and you don't have to leave home to have fun, but ...[2], and here I am ...[1], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[1], and here I am ...[2], and here you are ...[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[2], and ... uh![1], and here you are ...[2], and ... you want more?![1], and ... uh![2], and there is NOTHING more ... not for our sort[1], and ... you want more?![2], and, yes, yes[3], and there is NOT HING more ... not for our sort[2], and if you're trapped in real life ...[3], and, well ... they think it's real, those morons[3], and, out, out, out ... in that cold world - oh no![3], and here ... ?[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[3], and, you, you, you ...[3], and come on, baby - spin![3], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[3], and ... What the hell you gonna do?[3], and ... 'Help them!'[3], and, spin, spin, spin![3], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[3], and ... 'They feel free, Mikey!'[3], and, well, well ...[3], and ... 'They feel loved, Mikey!'[3], and ... well![3], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[3], and ... 'Yippee!'[3], and I was born for the dizzy life[3], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[3], and ha, ha, ha! ... enjoying life now![3], and me dinner tonight?[3], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[3], and you don't have to leave home to have fun, but ...[3], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[3], and here I am ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[3], and here you are ...[3], and ... uh![3], and ... you want more?![3], and there is N  O  T  H  I  N  G more ... not for our sort[3], and

And, yes, yes[1], and if you're trapped in real life ...[1], and, yes, yes[2], and, well ... they think it's real, those morons[1], and if you're trapped in real life ...[2], and, out, out, out ... in that cold world - oh no![1], and, well ... they think it's real, those morons[2], and here ... ?[1], and, out, out, out ... in that cold world - oh no![2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[1], and here ... ?[2], and, you, you, you ...[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[2], and come on, baby - spin![1], and, you, you, you ...[2], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[1], and come on, baby - spin![2], and ... What the hell you gonna do?[1], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[2], and ... 'Help them!'[1], and ... What the hell you gonna do?[2], and, spin, spin, spin![1], and ... 'Help them!'[2], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[1], and, spin, spin, spin![2], and ... 'They feel free, Mikey!'[1], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[2], and, well, well ...[1], and ... 'They feel free, Mikey!'[2], and ... 'They feel loved, Mikey!'[1], and, well, well ...[2], and ... well![1], and ... 'They feel loved, Mikey!'[2], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[1], and ... well![2], and ... 'Yippee!'[1], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[2], and I was born for the dizzy life[1], and ... 'Yippee!'[2], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[1], and I was born for the dizzy life[2], and ha, ha, ha! ... enjoying life now![1], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[2], and me dinner tonight?[1], and ha, ha, ha! ... enjoying life now![2], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[1], and me dinner tonight?[2], and you don't have to leave home to have fun, but ...[1], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[2], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[1], and you don't have to leave home to have fun, but ...[2], and here I am ...[1], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[1], and here I am ...[2], and here you are ...[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[2], and ... uh![1], and here you are ...[2], and ... you want more?![1], and ... uh![2], and there is NOTHING more ... not for our sort[1], and ... you want more?![2], and, yes, yes[3], and there is NOT HING more ... not for our sort[2], and if you're trapped in real life ...[3], and, well ... they think it's real, those morons[3], and, out, out, out ... in that cold world - oh no![3], and here ... ?[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and dizziness is the solution you're looking for[3], and, you, you, you ...[3], and come on, baby - spin![3], and they can't give you freedom, no, no, no, but, but, BUT(!) ... they sure can  take it from you, man[3], and ... What the hell you gonna do?[3], and ... 'Help them!'[3], and, spin, spin, spin![3], and a-ROUND here ... the freedom is really real, and the love is really real, too ... So, how do you feel?[3], and ... 'They feel free, Mikey!'[3], and, well, well ...[3], and ... 'They feel loved, Mikey!'[3], and ... well![3], and, I, I ... I can't say I'm surprised, you dig? / and here is where all the action is[3], and ... 'Yippee!'[3], and I was born for the dizzy life[3], and I don't need no holiday ... no pasties or cooked breakfasts ... 'Mint ice cream!' ... just let me spin[3], and ha, ha, ha! ... enjoying life now![3], and me dinner tonight?[3], and I had ... veggie burger, chips, and, and ... the pint can of Kronenbourg that was still in the fridge[3], and you don't have to leave home to have fun, but ...[3], and, listen to me ... you must spin in your head ... and your consciousness must leave the world[3], and here I am ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and it's a beautiful life, yes[3], and here you are ...[3], and ... uh![3], and ... you want more?![3], and there is N  O  T  H  I  N  G more ... not for our sort[3], and