id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3337	Kanuri, Srinidhi; McLeod, Robert W.	Does it pay to diversify? U.S. vs. international ETFs	2015	22	.pdf	application/pdf	9354	443	65	Alpha and beta We also test to see if the selections of securities within the ETF provide additional value to investors by computing Jensen (1968) � as follows: �RETF, t � Rf, t� � �i � �i*�RBenchmark, t � Rf, t� � �i,t (7) where R ETF, t and R Benchmark, t are monthly returns on the ETF and their benchmark index, respectively. If � � 1, it indicates that ETF is very consistent with the benchmark index movements.	cache/fsr-3337.pdf	txt/fsr-3337.txt