certain characteristics (not solely on size). ** Measured by total size of tracking ETFs Rank Free-float weight Market capitalization weight Strategic beta 1 S&P 500 TR (476 $ bln) KRX KOSPI 200 Korea PR (8
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
capitalization, and fund managers tend to prefer stocks classified as growth (versus value), and experience strong past performance (momentum). Fourth, funds that experienced higher returns and funds operated by
, higher demand for virgin materials following the China import waste ban and superior supplier discipline has created a more balanced environment resulting in higher utilization rates and margins. Our
facility in Turkey (2016) and the deconsolidation of India (also partly in 2016). Higher operating rates helped reduce the impact of these events to a certain extent. Table 3: Production Volumes, Utilization
network quality and superior customer experience. In 3Q18, we engaged in two key partnerships to strengthen core business as well as to drive our mobile money business. First, we have announced a strategic
conditions due to short PET supply by peers’ actions in order to restructure weak balance sheets. Additionally certain planned turnarounds at IVL in 2Q17 are back in operations since June 17 and are ready to
compared to +1.1% in FY19. Cost & Expense Cost of service for 2020 was Bt81,641mn, flat YoY from decrease in regulatory fee and prepaid commission following revenue decline offset by higher network OPEX
to Energy 2016, World Energy Council. 25 João Aleluia, Paulo Ferrão, Assessing the costs of municipal solid waste treatment technologies in developing Asian countries, Instituto Superior Técnico