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

Asymmetry (con’t) • Theoretical prediction about the role of individual stocks’ return history – Saar (2001) argues that the longer the run of price appreciation a stock experiences, the lower the buy-sell

last year). The Company has active customers more than 2 million IDs, mainly from Bangkok 31%, and in up-country 69%. Covering networks nationwide, the Company has 105 branches, 431 ATMs, and 6,665

of 0.96 THB. The company and its subsidiaries recorded total EBITDA of THB 3,580 million (+28% YoY, +42% QoQ), performance improved, especially for the Refinery Business, of which average crude run

(passive management/index tracking) − aiming to achieve higher performance than the benchmarks (active management) − aiming to achieve performance relative to those of the master fund (passive management

to achieve performance by tracking the benchmarks (passive management/index tracking) − aiming to achieve higher performance than the benchmarks (active management) − aiming to achieve performance

performance by tracking the benchmarks (passive management/index tracking) − aiming to achieve higher performance than the benchmarks (active management) − aiming to achieve performance relative to those of the

Foster Active ESG Dialogue ........................................................................41 South Africa: Setting the Expectation for ESG Integration

convergence package (FMC), has decently captured market demand, supported by an active outbound approach to reach high-valued mobile customers. Following our intention to win homes, standalone broadband ARPU

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