, Nomura Quantitative Strategy research Shifting from active to passive equities, globally. 22 Shrinking market share to 8% for Thai passive equity funds. - 100,000 200,000 300,000 400,000 500,000 2010 2011

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

Company is confident that our strategy and prompt action plans will enable us to navigate the shifting retail landscape in the future. The current business situation First half of 2020 was a challenging

shifting to low carbon fuel sources • Improving water management and efficiency, e.g., by reducing leaks, reducing urban run-off • Installation or upgrade of water capture and storage infrastructure

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

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

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

measure is also referred to as “tracking error” or “active risk”. More than two-thirds of the funds in the sample (198 out of 294) have adjusted R-squared value of at least 85%, suggesting that they are de