Saengchote, Ph.D. Department of Banking and Finance Chulalongkorn Business School Agenda • Stylized facts about mutual funds • Returns and expenses • Fund styles • Fund flow, competition and risk-taking
fees and service income, due largely to higher fees from bancassurance and mutual funds, and securities business. The ratio of expenses to operating income was 42.1 percent. V2 13/11/61 17:55 น. 3 At the
benchmarks as reported by Morningstar. Sample includes equity large-cap and index funds 10Asset-weighted median expenses ratio ranges for equity funds %. Note that Thai mutual fund industry is downgraded to C
mutual funds are able to successfully time the market and that their performance is negatively related to their expenses. • Carhart (1997) documents that persistence in superior fund performance is very
loan-related services and securities business, while fee income from bancassurance and mutual funds still grew well. Operating Expenses Million Baht Item Quarter Change (%) 1/2019 4/2018 1/2018 4/2018 1
in gains on trading and foreign exchange transactions, gains on investments, and net fees and service income mainly attributed to a rise in fee income from bancassurance and mutual funds. The Bank’s
(WBCSD). Health insurance: insurance that covers the whole or a part of the risk of a person incurring medical expenses. Hedge funds: alternative investments using pooled funds that employ different
digital channels, net fees and service income were close to the level of the previous year due to good growth in fee income from bancassurance and mutual funds. The ratio of expenses to operating income was
‚operating cash flow‛ in explaining the reasons why the Company has to increase the capital. 3) Providing explanation regarding the rationale and necessity why the funds are needed. 4) Providing additional
Limited, a listed company in the Singapore Stock Exchange, engaging in the management of private funds which invest in equity instruments, having experience in the investment in various types of business