the option price. 8 -2.00 -1.50 -1.00 -0.50 0.00 0.50 1.00 1.50 2.00 2.50 8/1/2013 8/2/2013 8/3/2013 8/4/2013 8/5/2013 8/6/2013 8/7/2013 DW price DW price It has been an interesting issue to study the

weight) Fund Style Analysis Performance-based Holding-based Transaction-based For today presentation, domestic equity funds are studied in 2 areas. Active Management Style Fund Similarity Market/Index

realized losses, consistent with realization effect by Imas (2016).  Well-developed hypotheses. Well executed analyses.  Useful and interesting dataset.  Policy implications.  A few comments for

are tax-privileged, we document several interesting facts. 2 First, most open-ended equity mutual funds in Thailand do not beat the market, whether it is raw or risk-adjusted returns. Second, while 94

analysis and decision-making processes 2 We will be active owners and incorporate ESG issues into our ownership policies and practices. 3 We will seek appropriate disclosure on ESG issues by the entities in

conflicts of interest and prioritise advancing the best interest of clients. Principle 3: Make informed investment decisions and engage in active ongoing monitoring of investee companies. Principle 4: Apply

interest of our members. Principle 3: Oversee asset managers to make informed investment decisions and engage in active ongoing monitoring of investee companies. Investment decisions should take into account

investment decisions and engage in active ongoing monitoring of investee companies. 4. Apply enhanced monitoring of and engagement with the investee companies if monitoring pursuant to (3) is considered

. of AMCs 24 23 No. of active mutual fund managers under AMCs 266

companies on interesting topics, e.g., the use of technology in the accounting field, the roles and responsibilities of the CFOs in an effective and transparent communication with the stakeholders. Over the