id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3380	Shen, Sally; Turner, John A.	Conflicted advice about portfolio diversification	2018	35	.pdf	application/pdf	24088	771	71	55S. Shen, J.A. Turner / Financial Services Review 27 (2018) 47-81 Under the Fama-French multifactor model, the expected excess return and covariance matrix of the assets are �FF3 � �FF3 � �FF3 �f �FF3 � �FF3�f�FF3� � �FF3 where �FF3 � ��1 · · · �N�� and �FF3 � ��M, �SMB, �HML� is a N � 3 matrix with �f � ��1F · · · �NF�� for f � M, SMB and HML, respectively. �N)�, and the N � N covariance matrix � is given by � � � �1 2 · · · �1N··· · · · ··· �N1 · · · �N 2 �.	cache/fsr-3380.pdf	txt/fsr-3380.txt