new flavors under Carabao Energy Drink Mandarin Orange. 2 Gross profits and gross profits margin Gross profits amounted to THB 1,003 million, rose by THB 125 million or 14.2%, representing gross profit
continuously developing exisiting in- store menus. Four seasonal flavors of Kakigori were launched during H1/2020 including Mayongchid Kakigori, Mango Sticky Rice Kakigori, Mamuang Numpla- Wan Kakigori and
% 14.44% 10 yr 8.82% 6.14% Source: Bloomberg 31 Passive Index Strategies Actively Managed Strategies Strategic Beta: adding active flavors into passive strategies. Rules-Based Investment Strategic Beta
flavors of active management (e.g. tactical asset allocation, security selection, etc.). Alpha and beta are at the heart of traditional performance analysis; however, as we show in this paper, they are only