mutual funds are able to successfully time the market and that their performance is negatively related to their expenses. • Carhart (1997) documents that persistence in superior fund performance is very
this segment also will support client needs in terms of dependability. Specialty Chemicals (NDC, IPA and Specialty PET) Production of 156 thousand tons (+0% YoY; -19% QoQ) Core EBITDA of $3 million
achieved continual growth despite the emergence and persistence of multiple risk factors such as higher oil prices, global economic slowdown especially in trade alliance countries, exchange rate volatility