I'd like to think they would take a serious look at ITO, but I...

I'd like to think they would take a serious look at ITO, but I thought that the changed mandate regulation would prevent them from investing in this, if the other funds follow suit it could be very interesting, but I find that zoo article posted earlier intriguing in that that ITO would be an indirect way to play the ETR, the AXA move makes no sense, they would have booked a loss on the very short investment