1. Developed Markets
   1. Americas
      1. Canada
         1. US
   2. Europe & Middle East
      1. Australia
         1. Belgium
            1. Denmark
            2. FInland
            3. France
            4. Germany
            5. Greece
            6. Ireland
            7. Italy
            8. Netherlands
            9. Norway
            10. Portugal
            11. Spain
            12. Sweden
            13. Switzerland
            14. UK
2. Emerging Markets
   1. Americas
      1. Brazil
         1. Chile
            1. Columbia
            2. Mexico
            3. Peru
   2. Europe, Middle East & Africa
      1. Czech Republic
         1. Egypt
            1. Hungary
            2. Morocco
            3. Polland
            4. Russia
            5. South Africa
            6. Turkey
   3. Asia
   4. China
   5. Indonesia
      1. Subtopic 1
   6. Thailand
3. Frontier Markets
   1. Americas
   2. Europe
   3. Africa
   4. Asia