Infrastructure Fund SCB ASSET MANAGEMENT COMPANY LIMITED|Brown Field Infrastructure Fund | Offering Date : 09/12/2013 - 19/12/2013 http://market.sec.or.th/public/mrap/MRAPView.aspx?FTYPE=I&PID=0866&PYR=2556 Mutual

/DigitalAssetBusinessRelatedForms-appendix1.aspx Property Fund Prospectus - DIF : Digital Telecommunications Infrastructure Fund SCB ASSET MANAGEMENT COMPANY LIMITED|Brown Field Infrastructure Fund | Offering Date : 09/12/2013 - 19

Prospectus - DIF : Digital Telecommunications Infrastructure Fund SCB ASSET MANAGEMENT COMPANY LIMITED|Brown Field Infrastructure Fund | Offering Date : 09/12/2013 - 19/12/2013 http://market.sec.or.th/public

: Digital Telecommunications Infrastructure Fund SCB ASSET MANAGEMENT COMPANY LIMITED|Brown Field Infrastructure Fund | Offering Date : 09/12/2013 - 19/12/2013 http://market.sec.or.th/public/mrap

Infrastructure Fund KASIKORN ASSET MANAGEMENT COMPANY LIMITED|Brown Field Infrastructure Fund | Offering Date : 09/09/2013 - 13/09/2013 http://market.sec.or.th/public/mrap/MRAPView.aspx?FTYPE=I&PID=0527&PYR=2556

portals https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=8289 Property Fund Prospectus - DIF : Digital Telecommunications Infrastructure Fund SCB ASSET MANAGEMENT COMPANY LIMITED|Brown Field

., 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

/public/idisc/en/Viewmore/invalert-det?CaseID=0092&CaseYY=2566 Property Fund Prospectus - ABPIF : Amata B. Grimm Power Power Plant Infrastructure Fund KASIKORN ASSET MANAGEMENT COMPANY LIMITED|Brown Field

• A related strand of research focuses on price clusters. • Many studies have found that the stock prices tend to cluster around particular numbers (e.g. Harris (1991), Aitken et al. (1996), Brown et al

Goetzman&Ibbotson (1994) Nonparametric contingency table Yes Brown&Goetzman (1995) Nonparametric contingency table Yes Carhart (1997) 4-factor model momentum Yes Bollen&Busse (2005) 4-factor model momentum