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Otanalyis: Actoym Alsfonds

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CAVA LALU vAyat

Koll NO |9b51E O0OT


Sub TnSwaotional
rnaket

i d gxam
Serust

oTAnalyisygs) Seo6 anoubis oYo


uvndessfa nd

het can Mae o break


ntemal and extEm)
Scoo s an a
Suce

cotabneRS, clestuhiheg
actoyM Alsfonds Stoexngll
and

Tafema)(Y 9ousco3)
socgt4
) Coeaknegj3

ExtEnnal (MSkd ceMhteiouete)

tthoeal

acohat cee yo& goe-glh,

ha
cohat oadae do toe Make e h&utahug o 9 e l
bige
2)tobak

9o9ca ee o ttie) sllop


o

o e , toe
AogtG. toe Can
Can ioW
Cnterd
co &haJd ollish ae
eHoebre antod

c e y tolile sHll
dac
1 Coe na xloe 1 esoy
end
oduotisi
ohat ase olcmitg,
vot ohle t9 ¢ e

ece coe 8-9 Conleit8n

Calitau z ufou

es deuSy meAhod-
CoHMelehn
ig n't 2yPleosig nw

a Te

udeg, ee ).
loy,
LNO Ou
oltitake

feens fo focus u lellig reoki octal


MOO eehely
ans C30Ote
(aum
tiooas
olad

rbsed tsoachoietrg the arkebg


Covidti0 May
uoket
Pox Frorle
o)dotg9 id advehs
All Q Copebiti0n

bou aeabs
adbs cotfh doMi uthoyby t+ahy
rahy

Seadch
2J4 Loe'd lte n
Glol e Pocegs &ideutidiy

Searre.ts
Cohtl hoy be Coundoy sa3
indivi ded Congur coit olg o toubal abineubs

oo esilt aCoa

DotooiC ee sro
od iucore locathiovn ce bailhaha
oheoe ceboe xamles B2C allo
a bughe to clxky B23 ado.a

aY Comaw 3i2e
indugay

Psycho olfhic a.kek gsro-f0


Tcekel Eraney

Poecoali ty
toits Vavoeg Atada d)ihe
a)
le cy le
t's focteos e glaLt MOe
toido-hey oy detoPalhait
o ae sulfeche. dada
feacey
GeeSch UICoWen ad urelestad,
3Lhovicgal
fclasiug bts
alots
u glats
Byend itdacio.
jt's 9120u9e Ya to Ems ake Yo9-7 CeyornB achag

sello asa Cgforeitoadt ot,


actiute o
90h bond c fo tn achuitie tod allo4 ata y
om

4 heoohic tulet eg rotathon harlls


zi code
LC
eCoonty

etskonJasal
jeoofluc grendaatho, Cal 9ws o h esc
Louroloty (8eh as aty 2iP coo l e &Se3
(such a te gze caty oy
ne nhenmatiod
) e cd.t ike cyele. is atlasguth d
evolve cire d
an ihalsoy
Mode olescbi nO
claste
also
eets a CoORS reaionalberds. Tlas eosy
oo9oae Oloy
1heelatrod do a crleus)s re.kebug
Comfotug9 O b14 done
ofora
hode

nho ath9al YodoctLh eyae Covntols corbe


akel oleroletred
tobfuc Sueh
ivcifle, as

gouC Sale, oityoobe


i Mode
ane

elbret ossdort
Triro&y
fheat ee the
eonfeho,
dod Manugocti8uio) , intvratioal
hhe
e
auo e sfoteay Te

VMove fte Proodoct. Toke


Cortbly had

elesode ae

haditiocal

goath, ratistY, aud yeclias e e


ohodeher,
baynic
he
Snew and
doohs e odoris dono, te s l u

ot Celddundssta by Mo st Colgure

| Cto tS- do belsgand t dof


il y it: Taice aculh-edh Jaod or

ochcn dRodasn g&led lorg


Ps cdi in slost Pans Corty PafiIy elo-gig
Monoda ttsvs ctinol 8, inoado fule ek Mogty

Aousto cCCagi0ady byaali-g


Corra i ta ebusot Counre

Toind e ofo, To rhenty shage a

e onaiedRrt te cyoe and eern o hbad


MOAet Pece kocome gthae,ai9 7he alr

who fe L
ethas

TomeRs Corade
Conabtog

Cenumh
Lo-ongh 2 adan@f
, with adrg a
Podue
Co
Mounka yiosug
Cotetis 2uicbg beeenin9
vdeo oaku g vde
an a udi e n olbne
Peath
e ost ccoea way to

to eatein 10d
anyli 9 toM edeahin
be

Peigova3
and Can hal estabtch Yus and'g

aw Recoros,
Aiahe Motof9 3t uelus tiiug a thd (49y
n n o dot . ig o e
Pete
Codo s9
Thes a s Could
eahs ui
Pey cleek o euoy clic
al
odoniuy

adhlte
in'Lond MoOketig
Hoeotedon

rco geasag a d tes, Conuer


4ebe te to
Youo
hoM by,
A lou q
Jtlafeg Ccgtere)
4Pofbesnl

eng
uy hor
ae
an iuafel! be
iatel
ailo
S Cou Send dl
a read cwaly

'ukl r9ts andlebyicg

eau af
Me oldi9
ay- a cket Muokehg
Loe bgte Lnk dsMayed
y ay o lae ns fed
shore on Vaniong
6 iedly iuad

C
eosch i e. suery
C
siouly
a
eliebs Yo
tovegte,

Medha ulkeheg Sotal meoiq


Soch
Cotn Ma a hoze age
rskeyous

kocal reba ig 9 oeal dat


t i g e Poireby,
Conhe S

Cusgtom

seoch Cgie othorhion


otiorhion
petiug yns Prooked
dasfons ayld ayld key eodp
is Codes dealvoh Ohie
n d lnks
d docune.doly
e e Po telsa loses
rukeh'ug a
nafort
daegke
e
hse hed
hlLe
ohieh
an
i ndoreghe ehig
Manketi9 defedrat
febuh'e
Lof4
Cabsty he ghthby ead
info
ane
deeotrad his caht
aid

u The uhO
eg ) hUoi o

dvidee ty ou Pots
2x fost

Cormegeial

Pualot

by he rbt Coutrie
decmol a 29cbe

7ee g9Y Sh
18 Pefos to

3eisteRig

vvolue

emas
/ 7 ,

imbo of he

occeds) ae
S
Srto
imlosteszrorfS Code rorbh
Foor7o Th'On
mOAba Ce begistoov exot
Concofls
Fenbosl.-codbote
aho
9,

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