To break or not to break: Evidence from price discovery process of Thai stocks during the pre-opening of each trading session To break or not to break Evidence from price discovery process of Thai
or markets Trackers: low-cost investment Strategic Beta: beyond cap-weighting 20 Outlines 21 Global equity mutual fund flows from active to passive Share of passively-managed equities Source: EPFR
facts about the types of stocks they hold and the positive relationship between past returns and the ability to attract new investment capital, which we build on in the second and third essays. The second
indicator for mutual funds in general. Risk Level Low 1 2 3 4 5 6 7 8 High Highly risky Investing primarily in equities at an average of not less than 80% of NAV in an accounting period The mutual fund risk
classes. Investors who seek to invest solely in Equities, or fixed income securities. Risk profile Risk level Assets that the CIS mainly invests in Type of investors that suit this CIS Type of investors
/her investment by investing in a wide range of asset classes. ▪ Investors who seek to invest solely in equities or fixed income securities. ▪ Investors who seek stable returns or capital protection
(Litzenberger and Ramaswamy, 1979) ⋄ Sale-to-price ratio (Barbee, Mukherji, and Raines, 1996) ⋄ Other asset classes, as documented by Asness, Moskowitz, and Pedersen (2013) ⋄ Fama and French (1993, 2015, 2018
Bond 11. Debenture 12. Derivatives 13. Informal Loan 14. Mutual Funds 15. LTF / RMF 16. ETF 17. FIF 18. Property Funds Cluster Analysis Clustering: the process of grouping a set of objects into classes
................................................................................................................ 19 Voting: It’s All About Communication ................................................................................................................ 20 ENGAGEMENT IN OTHER ASSET CLASSES Private
sales. • Gross profit margin in Q1/2020 dropped by 2.9% from Q1/2019 mainly from waste of expired stocks as a result of the immediate shutdown of shopping malls and the discount offered to boost sales in