ที่มีกำรขำยและรบัซื้อคืนกับ บลจ. หรือกองทุนปิดที่ไม่ได้จดทะเบียน ซ้ือขำยใน ตลท. และ บลจ. หรือ ธพ. (แม)่ เป็นนำยทะเบียนเอง 4 อำจใช้วิธี full replication (ลงทุนโดยตรงในหุ้นทุกตัวท่ีเป็นส่วนประกอบของดัชนี
GARCH option pricing model. Mathematical finance, 5(1), 13-32. Hodges, S. and Neuberger, A., (1989). Optimal Replication of Contingent Claims under Transaction Costs. Rev Futures Market, 8, 222-239
asset allocation of the fund. The tracking error helps measure the quality of replication and benchmark-tracking. By IOSCO principle, for the passive or index-based ETFs, one the most important
is applied to the replication tests. 𝑃𝑅𝐼𝐶𝐸𝑖𝑡 = 𝛽0 + 𝛽1𝐸𝑃𝑆𝑖𝑡 + 𝛽2(𝐸𝑃𝑆𝑖𝑡 × 𝑆𝑇𝑅𝐼𝑁𝐺𝑖𝑡) + 𝛽3(𝐸𝑃𝑆𝑖𝑡 × 𝑈&𝐵𝑖𝑡) + 𝛽4(𝐸𝑃𝑆𝑖𝑡 × 𝐿𝑇𝐺𝑅𝑂𝑊𝑇𝐻𝑖𝑡) + 𝛽5(𝐸𝑃𝑆𝑖𝑡
Disclose significant factors that materially affected the issuer’s income from operations, including unusual or infrequent events or new developments and the extent to which income was affected by these
that materially affected the issuer’s income from operations, including unusual or infrequent events or new developments and the extent to which income was affected by these factors. Significant factors
FINANCIAL REVIEW AND PROSPECTS A. Operating Results Disclose significant factors that materially affected the issuer’s income from operations, including unusual or infrequent events or new developments and
factors that materially affected the issuer’s income from operations, including unusual or infrequent events or new developments and the extent to which income was affected by these factors. Significant
unusual or infrequent events or new developments, materially affecting the issuer's income from operations, indicating the extent to which income was so 7 affected. Describe any other significant
. Operating Results 1. Provide information regarding significant factors, including unusual or infrequent events or new developments, materially affecting the issuer's income from operations, indicating the