., 2018; CALISKAN et al., 2020) •Naive Portfolio •Minimizes risk without sacrificing expected returns(Tang, 2003) •Optimal strategy(Bock, 2018;Brown et al., 2013;li, 2018) 6 Background(Cont.) •Mean variance

preventing investors to fall victims for fraudulent solicitations, as well as being a mean of elevating the protection for investors.”The public can use SEC Check First application to search information on

does not necessarily mean 1:1 ratio. 

.__________________________ Remark: * Insurance companies mean life insurance companies and non-insurance companies, excluding local branches of foreign life insurance companies and foreign non-life insurance

unit holders.Furthermore, SEC will launch an online submission channel for the convenience of the business providers rather than the usual CD submission, as well as a mean to alleviate burdens and the

the Securities and Exchange Act B.E. 2535 (1992) as amended by the Securities and Exchange Act (No. 4) B.E. 2551 (2008) shall mean the manager or the next four executives succeeding the manager, the

liabilities ” means total liabilities deducted by qualified liabilities . “ total liabilities ” mean: (1) all liabilities shown in the financial statement but not including the following liabilities: (a

liabilities” means total liabilities deducted by qualified liabilities. “total liabilities” mean: (1) all liabilities shown in the financial statement but not including the following liabilities: (a

liabilities” means total liabilities deducted by qualified liabilities. “total liabilities” mean: (1) all liabilities shown in the financial statement but not including the following liabilities: (a

credit guarantee for Hero Experience by mean of business collateral registration as a cash deposit in the name of the Company with the amount of THB 90,000,000 based on the shareholding proportion in which