SAFARI WORLD PUBLIC COMPANY LIMITED, located at No 1 TRANSLATION Safari World Public Company Limited Registration No. B.M.J. 0107537000351 Ref. No. 024/2019 May 14, 2019 Subject : The Explanation and

SAFARI WORLD PUBLIC COMPANY LIMITED, located at No 1 TRANSLATION Safari World Public Company Limited Registration No. B.M.J. 0107537000351 Ref. No. 070/2018 November 14, 2018 Subject : The

SAFARI WORLD PUBLIC COMPANY LIMITED, located at No 1 TRANSLATION Safari World Public Company Limited Registration No. B.M.J. 0107537000351 Ref. No. 108 /2020 AUGUST 14, 2020 Re. : The explanation and

SAFARI WORLD PUBLIC COMPANY LIMITED, located at No 1 TRANSLATION Safari World Public Company Limited Registration No. B.M.J. 0107537000351 Ref. No. 107 /2020 AUGUST 14, 2020 Re. : The explanation and

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

Turnover Ratio Settlement Period: Sharpe Ratio Alpha Remark: ……………………………………...………………….……. ………………………………………………………………………… ………………………………………………………………………… Beta Tracking Error Average Maturity of Debt Instruments

Error Average Maturity of Debt Instruments Fees to be charged to the fund (% of NAV per annum) Yield to Maturity Country Allocation Fee items Maximum charge Actual charge Management fee Total expenses

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

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