Wattanatorn and Miss Watsachol Koosamart for comments and suggestions Agenda Introduction The Model : Black and Scholes (1973) Model Wilmott (1994) Model The Analysis of Hedging Error The Data Empirical Result

style can be analyzed through performance-based, holding-based and transaction-based framework. Fund return, correlation, tracking error Portfolio turnover, Transactional data Fund constituent (Name and

rig h ts re se rv e d . D ig ita l In fra stru c tu re fo r C a p ita l M a rk e t R e v is e d B u s in e s s P ro c e s s : B o n d F ilin g & P rim a ry M a rk e t (d a ta a s o f 2 2 n d S e p te m

than one Satang or at least one Satang or greater, but less than 0.5 percent of the correct unit value, the management company shall prepare and submit a report on the error to the fund supervisor within

is less than one Satang or at least one Satang or greater, but less than 0.5 percent of the correct unit value, the management company shall prepare and submit a report on the error to the fund

Automatic Optimization System Chiller & AHU Control Lighting Control Output Automatic Control Higher Productivity On Time Reduce Human Error Resource Efficiency 20 Store Head office (Maintenance Center) 10

our analyses, which are relative return, tracking error, asset pricing risk factors, holding-based fund beta, and capital flow to fund. Relative return, measured at monthly interval, is computed as the

and reasons to the trust manager without delay upon any occurrence of an event or change that may affect the value of infrastructure assets; (3) in the case that an error or defect is found that may

with an error term in the regression model, which in turn leads to bias in the estimation of regression coefficients (Acock, 2013; Hair, et al., 2012; Loehlin and Beaujean, 2017). To overcome this

Direct (Dec 2014), data complied by Research Department of Thai SEC. 24 IOSCO principles related to tracking errors of ETFs.  The common ways to detect the ETFs management strategy are tracking error and