. (2005) find that investors care more about “visible” fees such as front- and back-end load fees, but not operating expenses, so this could potentially be one reason behind this puzzling finding. 4

bounded by the memorandum of understanding with the SEC Office relating to a streamlined review framework for a dual offering made in two or more ASEAN countries simultaneously or relatively in the same

achieve a target equity allocation of 45%, (the assumed equity allocation of the overall optimal portfolio.) Note, though, the equity allocation is bounded between the high and low glide paths of the