id	sid	tid	token	lemma	pos
fsr-3337	1	1	does	do	AUX
fsr-3337	1	2	it	it	PRON
fsr-3337	1	3	pay	pay	VERB
fsr-3337	1	4	to	to	PART
fsr-3337	1	5	diversify	diversify	VERB
fsr-3337	1	6	?	?	PUNCT
fsr-3337	2	1	u.s	u.s	PROPN
fsr-3337	2	2	.	.	PROPN
fsr-3337	2	3	vs.	vs.	X
fsr-3337	2	4	international	international	PROPN
fsr-3337	2	5	etfs	etfs	PROPN
fsr-3337	2	6	srinidhi	srinidhi	PROPN
fsr-3337	2	7	kanuria	kanuria	PROPN
fsr-3337	2	8	,	,	PUNCT
fsr-3337	2	9	robert	robert	PROPN
fsr-3337	2	10	w.	w.	PROPN
fsr-3337	2	11	mcleodb	mcleodb	PROPN
fsr-3337	2	12	,	,	PUNCT
fsr-3337	2	13	*	*	PUNCT
fsr-3337	2	14	adepartment	adepartment	NOUN
fsr-3337	2	15	of	of	ADP
fsr-3337	2	16	finance	finance	NOUN
fsr-3337	2	17	real	real	ADJ
fsr-3337	2	18	estate	estate	NOUN
fsr-3337	2	19	and	and	CCONJ
fsr-3337	2	20	business	business	NOUN
fsr-3337	2	21	law	law	NOUN
fsr-3337	2	22	,	,	PUNCT
fsr-3337	2	23	college	college	NOUN
fsr-3337	2	24	of	of	ADP
fsr-3337	2	25	business	business	NOUN
fsr-3337	2	26	,	,	PUNCT
fsr-3337	2	27	the	the	DET
fsr-3337	2	28	university	university	NOUN
fsr-3337	2	29	of	of	ADP
fsr-3337	2	30	southern	southern	PROPN
fsr-3337	2	31	mississippi	mississippi	PROPN
fsr-3337	2	32	,	,	PUNCT
fsr-3337	2	33	scianna	scianna	PROPN
fsr-3337	2	34	hall	hall	PROPN
fsr-3337	2	35	,	,	PUNCT
fsr-3337	2	36	118	118	NUM
fsr-3337	2	37	college	college	NOUN
fsr-3337	2	38	drive	drive	NOUN
fsr-3337	2	39	,	,	PUNCT
fsr-3337	2	40	#	#	SYM
fsr-3337	2	41	5076	5076	NUM
fsr-3337	2	42	,	,	PUNCT
fsr-3337	2	43	hattiesburg	hattiesburg	PROPN
fsr-3337	2	44	,	,	PUNCT
fsr-3337	2	45	ms	ms	PROPN
fsr-3337	2	46	39406	39406	NUM
fsr-3337	2	47	,	,	PUNCT
fsr-3337	2	48	usa	usa	PROPN
fsr-3337	2	49	bdepartment	bdepartment	PROPN
fsr-3337	2	50	of	of	ADP
fsr-3337	2	51	economics	economic	NOUN
fsr-3337	2	52	finance	finance	NOUN
fsr-3337	2	53	and	and	CCONJ
fsr-3337	2	54	legal	legal	ADJ
fsr-3337	2	55	studies	study	NOUN
fsr-3337	2	56	,	,	PUNCT
fsr-3337	2	57	culverhouse	culverhouse	PROPN
fsr-3337	2	58	college	college	PROPN
fsr-3337	2	59	of	of	ADP
fsr-3337	2	60	commerce	commerce	PROPN
fsr-3337	2	61	,	,	PUNCT
fsr-3337	2	62	the	the	DET
fsr-3337	2	63	university	university	NOUN
fsr-3337	2	64	of	of	ADP
fsr-3337	2	65	alabama	alabama	PROPN
fsr-3337	2	66	,	,	PUNCT
fsr-3337	2	67	box	box	PROPN
fsr-3337	2	68	870224	870224	NUM
fsr-3337	2	69	,	,	PUNCT
fsr-3337	2	70	tucaloosa	tucaloosa	PROPN
fsr-3337	2	71	,	,	PUNCT
fsr-3337	2	72	al	al	PROPN
fsr-3337	2	73	35487	35487	NUM
fsr-3337	2	74	-	-	SYM
fsr-3337	2	75	0224	0224	NUM
fsr-3337	2	76	,	,	PUNCT
fsr-3337	2	77	usa	usa	PROPN
fsr-3337	2	78	abstract	abstract	ADJ
fsr-3337	2	79	individual	individual	ADJ
fsr-3337	2	80	investors	investor	NOUN
fsr-3337	2	81	seek	seek	VERB
fsr-3337	2	82	diversification	diversification	NOUN
fsr-3337	2	83	in	in	ADP
fsr-3337	2	84	their	their	PRON
fsr-3337	2	85	portfolios	portfolio	NOUN
fsr-3337	2	86	using	use	VERB
fsr-3337	2	87	a	a	DET
fsr-3337	2	88	number	number	NOUN
fsr-3337	2	89	of	of	ADP
fsr-3337	2	90	approaches	approach	NOUN
fsr-3337	2	91	.	.	PUNCT
fsr-3337	3	1	one	one	NUM
fsr-3337	3	2	approach	approach	NOUN
fsr-3337	3	3	that	that	PRON
fsr-3337	3	4	is	be	AUX
fsr-3337	3	5	commonly	commonly	ADV
fsr-3337	3	6	used	use	VERB
fsr-3337	3	7	is	be	AUX
fsr-3337	3	8	to	to	PART
fsr-3337	3	9	diversify	diversify	VERB
fsr-3337	3	10	globally	globally	ADV
fsr-3337	3	11	.	.	PUNCT
fsr-3337	4	1	this	this	DET
fsr-3337	4	2	article	article	NOUN
fsr-3337	4	3	evaluates	evaluate	VERB
fsr-3337	4	4	the	the	DET
fsr-3337	4	5	performance	performance	NOUN
fsr-3337	4	6	and	and	CCONJ
fsr-3337	4	7	diversification	diversification	NOUN
fsr-3337	4	8	benefits	benefit	NOUN
fsr-3337	4	9	of	of	ADP
fsr-3337	4	10	international	international	ADJ
fsr-3337	4	11	etfs	etfs	PROPN
fsr-3337	4	12	for	for	ADP
fsr-3337	4	13	u.s	u.s	PROPN
fsr-3337	4	14	.	.	PROPN
fsr-3337	4	15	investors	investor	NOUN
fsr-3337	4	16	during	during	ADP
fsr-3337	4	17	and	and	CCONJ
fsr-3337	4	18	after	after	ADP
fsr-3337	4	19	the	the	DET
fsr-3337	4	20	recent	recent	ADJ
fsr-3337	4	21	financial	financial	ADJ
fsr-3337	4	22	crisis	crisis	NOUN
fsr-3337	4	23	.	.	PUNCT
fsr-3337	5	1	our	our	PRON
fsr-3337	5	2	results	result	NOUN
fsr-3337	5	3	show	show	VERB
fsr-3337	5	4	that	that	SCONJ
fsr-3337	5	5	u.s	u.s	PROPN
fsr-3337	5	6	.	.	PROPN
fsr-3337	5	7	etfs	etfs	PROPN
fsr-3337	5	8	outperform	outperform	VERB
fsr-3337	5	9	all	all	DET
fsr-3337	5	10	categories	category	NOUN
fsr-3337	5	11	of	of	ADP
fsr-3337	5	12	international	international	ADJ
fsr-3337	5	13	etfs	etfs	PROPN
fsr-3337	5	14	for	for	ADP
fsr-3337	5	15	the	the	DET
fsr-3337	5	16	period	period	NOUN
fsr-3337	5	17	of	of	ADP
fsr-3337	5	18	our	our	PRON
fsr-3337	5	19	study	study	NOUN
fsr-3337	5	20	(	(	PUNCT
fsr-3337	5	21	january	january	PROPN
fsr-3337	5	22	2008	2008	NUM
fsr-3337	5	23	–	–	PUNCT
fsr-3337	5	24	june	june	PROPN
fsr-3337	5	25	2013	2013	NUM
fsr-3337	5	26	)	)	PUNCT
fsr-3337	5	27	;	;	PUNCT
fsr-3337	5	28	they	they	PRON
fsr-3337	5	29	have	have	VERB
fsr-3337	5	30	higher	high	ADJ
fsr-3337	5	31	average	average	ADJ
fsr-3337	5	32	monthly	monthly	ADJ
fsr-3337	5	33	returns	return	NOUN
fsr-3337	5	34	,	,	PUNCT
fsr-3337	5	35	lower	low	ADJ
fsr-3337	5	36	risk	risk	NOUN
fsr-3337	5	37	(	(	PUNCT
fsr-3337	5	38	standard	standard	ADJ
fsr-3337	5	39	deviation	deviation	NOUN
fsr-3337	5	40	of	of	ADP
fsr-3337	5	41	returns	return	NOUN
fsr-3337	5	42	)	)	PUNCT
fsr-3337	5	43	,	,	PUNCT
fsr-3337	5	44	higher	high	ADJ
fsr-3337	5	45	risk	risk	NOUN
fsr-3337	5	46	-	-	PUNCT
fsr-3337	5	47	adjusted	adjust	VERB
fsr-3337	5	48	performance	performance	NOUN
fsr-3337	5	49	(	(	PUNCT
fsr-3337	5	50	sharpe	sharpe	NOUN
fsr-3337	5	51	,	,	PUNCT
fsr-3337	5	52	sortino	sortino	NOUN
fsr-3337	5	53	,	,	PUNCT
fsr-3337	5	54	and	and	CCONJ
fsr-3337	5	55	treynor	treynor	NOUN
fsr-3337	5	56	ratios	ratio	NOUN
fsr-3337	5	57	)	)	PUNCT
fsr-3337	5	58	and	and	CCONJ
fsr-3337	5	59	the	the	DET
fsr-3337	5	60	highest	high	ADJ
fsr-3337	5	61	cumulative	cumulative	ADJ
fsr-3337	5	62	returns	return	NOUN
fsr-3337	5	63	over	over	ADP
fsr-3337	5	64	the	the	DET
fsr-3337	5	65	entire	entire	ADJ
fsr-3337	5	66	period	period	NOUN
fsr-3337	5	67	.	.	PUNCT
fsr-3337	6	1	when	when	SCONJ
fsr-3337	6	2	we	we	PRON
fsr-3337	6	3	form	form	VERB
fsr-3337	6	4	equally	equally	ADV
fsr-3337	6	5	weighted	weight	VERB
fsr-3337	6	6	portfolios	portfolio	NOUN
fsr-3337	6	7	of	of	ADP
fsr-3337	6	8	each	each	DET
fsr-3337	6	9	etf	etf	NOUN
fsr-3337	6	10	category	category	NOUN
fsr-3337	6	11	and	and	CCONJ
fsr-3337	6	12	compute	compute	VERB
fsr-3337	6	13	their	their	PRON
fsr-3337	6	14	risk	risk	NOUN
fsr-3337	6	15	-	-	PUNCT
fsr-3337	6	16	adjusted	adjust	VERB
fsr-3337	6	17	performance	performance	NOUN
fsr-3337	6	18	,	,	PUNCT
fsr-3337	6	19	we	we	PRON
fsr-3337	6	20	again	again	ADV
fsr-3337	6	21	find	find	VERB
fsr-3337	6	22	that	that	SCONJ
fsr-3337	6	23	u.s	u.s	PROPN
fsr-3337	6	24	.	.	PROPN
fsr-3337	6	25	etf	etf	NOUN
fsr-3337	6	26	portfolios	portfolio	NOUN
fsr-3337	6	27	had	have	VERB
fsr-3337	6	28	the	the	DET
fsr-3337	6	29	best	good	ADJ
fsr-3337	6	30	performance	performance	NOUN
fsr-3337	6	31	for	for	ADP
fsr-3337	6	32	the	the	DET
fsr-3337	6	33	entire	entire	ADJ
fsr-3337	6	34	period	period	NOUN
fsr-3337	6	35	.	.	PUNCT
fsr-3337	7	1	we	we	PRON
fsr-3337	7	2	also	also	ADV
fsr-3337	7	3	find	find	VERB
fsr-3337	7	4	that	that	SCONJ
fsr-3337	7	5	u.s	u.s	PROPN
fsr-3337	7	6	.	.	PROPN
fsr-3337	7	7	etfs	etfs	PROPN
fsr-3337	7	8	have	have	VERB
fsr-3337	7	9	the	the	DET
fsr-3337	7	10	lowest	low	ADJ
fsr-3337	7	11	tracking	tracking	NOUN
fsr-3337	7	12	error	error	NOUN
fsr-3337	7	13	during	during	ADP
fsr-3337	7	14	the	the	DET
fsr-3337	7	15	entire	entire	ADJ
fsr-3337	7	16	period	period	NOUN
fsr-3337	7	17	.	.	PUNCT
fsr-3337	8	1	most	most	ADJ
fsr-3337	8	2	of	of	ADP
fsr-3337	8	3	these	these	DET
fsr-3337	8	4	etfs	etfs	NOUN
fsr-3337	8	5	passively	passively	ADV
fsr-3337	8	6	track	track	VERB
fsr-3337	8	7	the	the	DET
fsr-3337	8	8	benchmark	benchmark	NOUN
fsr-3337	8	9	and	and	CCONJ
fsr-3337	8	10	do	do	AUX
fsr-3337	8	11	not	not	PART
fsr-3337	8	12	manage	manage	VERB
fsr-3337	8	13	for	for	ADP
fsr-3337	8	14	positive	positive	ADJ
fsr-3337	8	15	�	�	PROPN
fsr-3337	8	16	.	.	PUNCT
fsr-3337	9	1	previous	previous	ADJ
fsr-3337	9	2	research	research	NOUN
fsr-3337	9	3	has	have	AUX
fsr-3337	9	4	questioned	question	VERB
fsr-3337	9	5	the	the	DET
fsr-3337	9	6	diversification	diversification	NOUN
fsr-3337	9	7	benefits	benefit	NOUN
fsr-3337	9	8	of	of	ADP
fsr-3337	9	9	international	international	ADJ
fsr-3337	9	10	investing	investing	NOUN
fsr-3337	9	11	during	during	ADP
fsr-3337	9	12	times	time	NOUN
fsr-3337	9	13	of	of	ADP
fsr-3337	9	14	financial	financial	ADJ
fsr-3337	9	15	distress	distress	NOUN
fsr-3337	9	16	.	.	PUNCT
fsr-3337	10	1	we	we	PRON
fsr-3337	10	2	find	find	VERB
fsr-3337	10	3	that	that	SCONJ
fsr-3337	10	4	international	international	ADJ
fsr-3337	10	5	etfs	etfs	NOUN
fsr-3337	10	6	are	be	AUX
fsr-3337	10	7	highly	highly	ADV
fsr-3337	10	8	dependent	dependent	ADJ
fsr-3337	10	9	on	on	ADP
fsr-3337	10	10	major	major	ADJ
fsr-3337	10	11	u.s	u.s	PROPN
fsr-3337	10	12	.	.	PROPN
fsr-3337	10	13	indices	index	NOUN
fsr-3337	10	14	during	during	ADP
fsr-3337	10	15	the	the	DET
fsr-3337	10	16	period	period	NOUN
fsr-3337	10	17	of	of	ADP
fsr-3337	10	18	our	our	PRON
fsr-3337	10	19	analysis	analysis	NOUN
fsr-3337	10	20	,	,	PUNCT
fsr-3337	10	21	and	and	CCONJ
fsr-3337	10	22	therefore	therefore	ADV
fsr-3337	10	23	,	,	PUNCT
fsr-3337	10	24	offered	offer	VERB
fsr-3337	10	25	limited	limited	ADJ
fsr-3337	10	26	diversification	diversification	NOUN
fsr-3337	10	27	benefits	benefit	NOUN
fsr-3337	10	28	for	for	ADP
fsr-3337	10	29	u.s	u.s	PROPN
fsr-3337	10	30	.	.	PROPN
fsr-3337	10	31	investors	investor	NOUN
fsr-3337	10	32	.	.	PUNCT
fsr-3337	11	1	©	©	PROPN
fsr-3337	11	2	2015	2015	NUM
fsr-3337	11	3	academy	academy	NOUN
fsr-3337	11	4	of	of	ADP
fsr-3337	11	5	financial	financial	ADJ
fsr-3337	11	6	services	service	NOUN
fsr-3337	11	7	.	.	PUNCT
fsr-3337	12	1	all	all	DET
fsr-3337	12	2	rights	right	NOUN
fsr-3337	12	3	reserved	reserve	VERB
fsr-3337	12	4	.	.	PUNCT
fsr-3337	13	1	jel	jel	PROPN
fsr-3337	13	2	classification	classification	NOUN
fsr-3337	13	3	:	:	PUNCT
fsr-3337	13	4	g11	g11	PROPN
fsr-3337	13	5	;	;	PUNCT
fsr-3337	13	6	g12	g12	PROPN
fsr-3337	13	7	;	;	PUNCT
fsr-3337	13	8	g15	g15	PROPN
fsr-3337	13	9	keywords	keyword	NOUN
fsr-3337	13	10	:	:	PUNCT
fsr-3337	13	11	international	international	ADJ
fsr-3337	13	12	etfs	etfs	NOUN
fsr-3337	13	13	;	;	PUNCT
fsr-3337	13	14	diversification	diversification	NOUN
fsr-3337	13	15	;	;	PUNCT
fsr-3337	13	16	portfolio	portfolio	NOUN
fsr-3337	13	17	;	;	PUNCT
fsr-3337	13	18	risk	risk	NOUN
fsr-3337	13	19	-	-	PUNCT
fsr-3337	13	20	adjusted	adjust	VERB
fsr-3337	13	21	performance	performance	NOUN
fsr-3337	13	22	*	*	PUNCT
fsr-3337	13	23	corresponding	correspond	VERB
fsr-3337	13	24	author	author	NOUN
fsr-3337	13	25	.	.	PUNCT
fsr-3337	14	1	tel	tel	PROPN
fsr-3337	14	2	.	.	PUNCT
fsr-3337	14	3	:	:	PUNCT
fsr-3337	15	1	�	�	PROPN
fsr-3337	15	2	1	1	NUM
fsr-3337	15	3	-	-	SYM
fsr-3337	15	4	205	205	NUM
fsr-3337	15	5	-	-	NUM
fsr-3337	15	6	448	448	NUM
fsr-3337	15	7	-	-	SYM
fsr-3337	15	8	8993	8993	NUM
fsr-3337	15	9	;	;	PUNCT
fsr-3337	15	10	fax	fax	NOUN
fsr-3337	15	11	:	:	PUNCT
fsr-3337	15	12	�	�	PROPN
fsr-3337	15	13	1	1	NUM
fsr-3337	15	14	-	-	SYM
fsr-3337	15	15	205	205	NUM
fsr-3337	15	16	-	-	PUNCT
fsr-3337	15	17	348	348	NUM
fsr-3337	15	18	-	-	PUNCT
fsr-3337	15	19	0590	0590	NUM
fsr-3337	15	20	.	.	PUNCT
fsr-3337	16	1	e	e	X
fsr-3337	16	2	-	-	NOUN
fsr-3337	16	3	mail	mail	NOUN
fsr-3337	16	4	address	address	NOUN
fsr-3337	16	5	:	:	PUNCT
fsr-3337	16	6	rmcleod@cba.ua.edu	rmcleod@cba.ua.edu	X
fsr-3337	16	7	.	.	PUNCT
fsr-3337	17	1	financial	financial	ADJ
fsr-3337	17	2	services	service	NOUN
fsr-3337	17	3	review	review	VERB
fsr-3337	17	4	24	24	NUM
fsr-3337	17	5	(	(	PUNCT
fsr-3337	17	6	2015	2015	NUM
fsr-3337	17	7	)	)	PUNCT
fsr-3337	17	8	249–270	249–270	NUM
fsr-3337	17	9	1057	1057	NUM
fsr-3337	17	10	-	-	SYM
fsr-3337	17	11	0810/15/$	0810/15/$	NUM
fsr-3337	17	12	–	–	PUNCT
fsr-3337	17	13	see	see	VERB
fsr-3337	17	14	front	front	ADJ
fsr-3337	17	15	matter	matter	NOUN
fsr-3337	17	16	©	©	PROPN
fsr-3337	17	17	2015	2015	NUM
fsr-3337	17	18	academy	academy	NOUN
fsr-3337	17	19	of	of	ADP
fsr-3337	17	20	financial	financial	ADJ
fsr-3337	17	21	services	service	NOUN
fsr-3337	17	22	.	.	PUNCT
fsr-3337	18	1	all	all	DET
fsr-3337	18	2	rights	right	NOUN
fsr-3337	18	3	reserved	reserve	VERB
fsr-3337	18	4	.	.	PUNCT
fsr-3337	19	1	1	1	X
fsr-3337	19	2	.	.	X
fsr-3337	19	3	introduction	introduction	NOUN
fsr-3337	19	4	u.	u.	PROPN
fsr-3337	19	5	s.	s.	PROPN
fsr-3337	19	6	investors	investors	PROPN
fsr-3337	19	7	can	can	AUX
fsr-3337	19	8	achieve	achieve	VERB
fsr-3337	19	9	global	global	ADJ
fsr-3337	19	10	diversification	diversification	NOUN
fsr-3337	19	11	in	in	ADP
fsr-3337	19	12	a	a	DET
fsr-3337	19	13	number	number	NOUN
fsr-3337	19	14	of	of	ADP
fsr-3337	19	15	ways	way	NOUN
fsr-3337	19	16	.	.	PUNCT
fsr-3337	20	1	they	they	PRON
fsr-3337	20	2	can	can	AUX
fsr-3337	20	3	purchase	purchase	VERB
fsr-3337	20	4	individual	individual	ADJ
fsr-3337	20	5	securities	security	NOUN
fsr-3337	20	6	directly	directly	ADV
fsr-3337	20	7	in	in	ADP
fsr-3337	20	8	foreign	foreign	ADJ
fsr-3337	20	9	capital	capital	NOUN
fsr-3337	20	10	markets	market	NOUN
fsr-3337	20	11	or	or	CCONJ
fsr-3337	20	12	in	in	ADP
fsr-3337	20	13	u.s	u.s	PROPN
fsr-3337	20	14	.	.	PROPN
fsr-3337	20	15	markets	market	NOUN
fsr-3337	20	16	through	through	ADP
fsr-3337	20	17	american	american	ADJ
fsr-3337	20	18	depository	depository	NOUN
fsr-3337	20	19	receipts	receipt	NOUN
fsr-3337	20	20	(	(	PUNCT
fsr-3337	20	21	adrs	adr	NOUN
fsr-3337	20	22	)	)	PUNCT
fsr-3337	20	23	.	.	PUNCT
fsr-3337	21	1	other	other	ADJ
fsr-3337	21	2	investors	investor	NOUN
fsr-3337	21	3	attain	attain	VERB
fsr-3337	21	4	international	international	ADJ
fsr-3337	21	5	diversification	diversification	NOUN
fsr-3337	21	6	by	by	ADP
fsr-3337	21	7	indirect	indirect	ADJ
fsr-3337	21	8	investments	investment	NOUN
fsr-3337	21	9	such	such	ADJ
fsr-3337	21	10	as	as	ADP
fsr-3337	21	11	mutual	mutual	ADJ
fsr-3337	21	12	funds	fund	NOUN
fsr-3337	21	13	,	,	PUNCT
fsr-3337	21	14	closed	close	VERB
fsr-3337	21	15	-	-	PUNCT
fsr-3337	21	16	end	end	NOUN
fsr-3337	21	17	funds	fund	NOUN
fsr-3337	21	18	,	,	PUNCT
fsr-3337	21	19	or	or	CCONJ
fsr-3337	21	20	exchange	exchange	NOUN
fsr-3337	21	21	traded	trade	VERB
fsr-3337	21	22	funds	fund	NOUN
fsr-3337	21	23	(	(	PUNCT
fsr-3337	21	24	etfs	etfs	PROPN
fsr-3337	21	25	)	)	PUNCT
fsr-3337	21	26	.	.	PUNCT
fsr-3337	22	1	earlier	early	ADJ
fsr-3337	22	2	research	research	NOUN
fsr-3337	22	3	(	(	PUNCT
fsr-3337	22	4	e.g.	e.g.	ADV
fsr-3337	22	5	,	,	PUNCT
fsr-3337	22	6	adler	adler	PROPN
fsr-3337	22	7	and	and	CCONJ
fsr-3337	22	8	dumas	dumas	PROPN
fsr-3337	22	9	,	,	PUNCT
fsr-3337	22	10	1983	1983	NUM
fsr-3337	22	11	;	;	PUNCT
fsr-3337	22	12	black	black	ADJ
fsr-3337	22	13	,	,	PUNCT
fsr-3337	22	14	1974	1974	NUM
fsr-3337	22	15	;	;	PUNCT
fsr-3337	22	16	heston	heston	PROPN
fsr-3337	22	17	and	and	CCONJ
fsr-3337	22	18	rouwenhorst,1994	rouwenhorst,1994	ADJ
fsr-3337	22	19	;	;	PUNCT
fsr-3337	22	20	levy	levy	NOUN
fsr-3337	22	21	and	and	CCONJ
fsr-3337	22	22	sarnat	sarnat	NOUN
fsr-3337	22	23	,	,	PUNCT
fsr-3337	22	24	1970	1970	NUM
fsr-3337	22	25	;	;	PUNCT
fsr-3337	22	26	stulz	stulz	ADJ
fsr-3337	22	27	,	,	PUNCT
fsr-3337	22	28	1981	1981	NUM
fsr-3337	22	29	)	)	PUNCT
fsr-3337	22	30	supports	support	VERB
fsr-3337	22	31	the	the	DET
fsr-3337	22	32	importance	importance	NOUN
fsr-3337	22	33	to	to	ADP
fsr-3337	22	34	investors	investor	NOUN
fsr-3337	22	35	to	to	PART
fsr-3337	22	36	allocate	allocate	VERB
fsr-3337	22	37	some	some	PRON
fsr-3337	22	38	of	of	ADP
fsr-3337	22	39	their	their	PRON
fsr-3337	22	40	funds	fund	NOUN
fsr-3337	22	41	into	into	ADP
fsr-3337	22	42	foreign	foreign	ADJ
fsr-3337	22	43	investments	investment	NOUN
fsr-3337	22	44	as	as	ADP
fsr-3337	22	45	a	a	DET
fsr-3337	22	46	means	means	NOUN
fsr-3337	22	47	of	of	ADP
fsr-3337	22	48	reducing	reduce	VERB
fsr-3337	22	49	portfolio	portfolio	NOUN
fsr-3337	22	50	risk	risk	NOUN
fsr-3337	22	51	because	because	SCONJ
fsr-3337	22	52	of	of	ADP
fsr-3337	22	53	low	low	ADJ
fsr-3337	22	54	correlations	correlation	NOUN
fsr-3337	22	55	among	among	ADP
fsr-3337	22	56	markets	market	NOUN
fsr-3337	22	57	or	or	CCONJ
fsr-3337	22	58	market	market	NOUN
fsr-3337	22	59	segmentation	segmentation	NOUN
fsr-3337	22	60	that	that	PRON
fsr-3337	22	61	results	result	VERB
fsr-3337	22	62	in	in	ADP
fsr-3337	22	63	barriers	barrier	NOUN
fsr-3337	22	64	to	to	ADP
fsr-3337	22	65	international	international	ADJ
fsr-3337	22	66	investment	investment	NOUN
fsr-3337	22	67	.	.	PUNCT
fsr-3337	23	1	however	however	ADV
fsr-3337	23	2	,	,	PUNCT
fsr-3337	23	3	more	more	ADV
fsr-3337	23	4	recent	recent	ADJ
fsr-3337	23	5	findings	finding	NOUN
fsr-3337	23	6	bring	bring	VERB
fsr-3337	23	7	into	into	ADP
fsr-3337	23	8	question	question	NOUN
fsr-3337	23	9	the	the	DET
fsr-3337	23	10	diversification	diversification	NOUN
fsr-3337	23	11	benefits	benefit	NOUN
fsr-3337	23	12	of	of	ADP
fsr-3337	23	13	international	international	ADJ
fsr-3337	23	14	investing	investing	NOUN
fsr-3337	23	15	especially	especially	ADV
fsr-3337	23	16	during	during	ADP
fsr-3337	23	17	times	time	NOUN
fsr-3337	23	18	of	of	ADP
fsr-3337	23	19	financial	financial	ADJ
fsr-3337	23	20	distress	distress	NOUN
fsr-3337	23	21	.	.	PUNCT
fsr-3337	24	1	eun	eun	PROPN
fsr-3337	24	2	and	and	CCONJ
fsr-3337	24	3	shin	shin	PROPN
fsr-3337	24	4	(	(	PUNCT
fsr-3337	24	5	1989	1989	NUM
fsr-3337	24	6	)	)	PUNCT
fsr-3337	24	7	,	,	PUNCT
fsr-3337	24	8	king	king	NOUN
fsr-3337	24	9	and	and	CCONJ
fsr-3337	24	10	wadhwani	wadhwani	PROPN
fsr-3337	24	11	(	(	PUNCT
fsr-3337	24	12	1990	1990	NUM
fsr-3337	24	13	)	)	PUNCT
fsr-3337	24	14	,	,	PUNCT
fsr-3337	24	15	and	and	CCONJ
fsr-3337	24	16	koch	koch	PROPN
fsr-3337	24	17	and	and	CCONJ
fsr-3337	24	18	koch	koch	PROPN
fsr-3337	24	19	(	(	PUNCT
fsr-3337	24	20	1991	1991	NUM
fsr-3337	24	21	)	)	PUNCT
fsr-3337	24	22	show	show	VERB
fsr-3337	24	23	that	that	SCONJ
fsr-3337	24	24	regional	regional	ADJ
fsr-3337	24	25	dependencies	dependency	NOUN
fsr-3337	24	26	have	have	AUX
fsr-3337	24	27	increased	increase	VERB
fsr-3337	24	28	over	over	ADP
fsr-3337	24	29	time	time	NOUN
fsr-3337	24	30	.	.	PUNCT
fsr-3337	25	1	longin	longin	NOUN
fsr-3337	25	2	and	and	CCONJ
fsr-3337	25	3	solnik	solnik	X
fsr-3337	25	4	(	(	PUNCT
fsr-3337	25	5	1995	1995	NUM
fsr-3337	25	6	)	)	PUNCT
fsr-3337	25	7	and	and	CCONJ
fsr-3337	25	8	jacquier	jacquier	NOUN
fsr-3337	25	9	and	and	CCONJ
fsr-3337	25	10	marcus	marcus	PROPN
fsr-3337	25	11	(	(	PUNCT
fsr-3337	25	12	2001	2001	NUM
fsr-3337	25	13	)	)	PUNCT
fsr-3337	25	14	examine	examine	VERB
fsr-3337	25	15	correlations	correlation	NOUN
fsr-3337	25	16	in	in	ADP
fsr-3337	25	17	country	country	NOUN
fsr-3337	25	18	portfolio	portfolio	NOUN
fsr-3337	25	19	returns	return	NOUN
fsr-3337	25	20	during	during	ADP
fsr-3337	25	21	turbulent	turbulent	ADJ
fsr-3337	25	22	market	market	NOUN
fsr-3337	25	23	conditions	condition	NOUN
fsr-3337	25	24	and	and	CCONJ
fsr-3337	25	25	conclude	conclude	VERB
fsr-3337	25	26	that	that	SCONJ
fsr-3337	25	27	they	they	PRON
fsr-3337	25	28	increase	increase	VERB
fsr-3337	25	29	.	.	PUNCT
fsr-3337	26	1	roll	roll	NOUN
fsr-3337	26	2	(	(	PUNCT
fsr-3337	26	3	1987	1987	NUM
fsr-3337	26	4	)	)	PUNCT
fsr-3337	26	5	analyzed	analyze	VERB
fsr-3337	26	6	the	the	DET
fsr-3337	26	7	crash	crash	NOUN
fsr-3337	26	8	of	of	ADP
fsr-3337	26	9	october	october	PROPN
fsr-3337	26	10	1987	1987	NUM
fsr-3337	26	11	and	and	CCONJ
fsr-3337	26	12	reports	report	NOUN
fsr-3337	26	13	that	that	SCONJ
fsr-3337	26	14	all	all	DET
fsr-3337	26	15	23	23	NUM
fsr-3337	26	16	indexes	index	NOUN
fsr-3337	26	17	studied	study	VERB
fsr-3337	26	18	declined	decline	VERB
fsr-3337	26	19	in	in	ADP
fsr-3337	26	20	a	a	DET
fsr-3337	26	21	synchronized	synchronize	VERB
fsr-3337	26	22	fashion	fashion	NOUN
fsr-3337	26	23	.	.	PUNCT
fsr-3337	27	1	pries	pry	NOUN
fsr-3337	27	2	,	,	PUNCT
fsr-3337	27	3	kenett	kenett	PROPN
fsr-3337	27	4	,	,	PUNCT
fsr-3337	27	5	stanley	stanley	NOUN
fsr-3337	27	6	,	,	PUNCT
fsr-3337	27	7	helbing	helbing	NOUN
fsr-3337	27	8	,	,	PUNCT
fsr-3337	27	9	and	and	CCONJ
fsr-3337	27	10	ben	ben	PROPN
fsr-3337	27	11	-	-	PROPN
fsr-3337	27	12	jacob	jacob	PROPN
fsr-3337	27	13	(	(	PUNCT
fsr-3337	27	14	2012	2012	NUM
fsr-3337	27	15	)	)	PUNCT
fsr-3337	27	16	report	report	NOUN
fsr-3337	27	17	that	that	SCONJ
fsr-3337	27	18	diversification	diversification	NOUN
fsr-3337	27	19	benefits	benefit	NOUN
fsr-3337	27	20	vanish	vanish	VERB
fsr-3337	27	21	during	during	ADP
fsr-3337	27	22	times	time	NOUN
fsr-3337	27	23	of	of	ADP
fsr-3337	27	24	financial	financial	ADJ
fsr-3337	27	25	distress	distress	NOUN
fsr-3337	27	26	.	.	PUNCT
fsr-3337	28	1	russell	russell	PROPN
fsr-3337	28	2	(	(	PUNCT
fsr-3337	28	3	1998	1998	NUM
fsr-3337	28	4	)	)	PUNCT
fsr-3337	28	5	looks	look	VERB
fsr-3337	28	6	at	at	ADP
fsr-3337	28	7	the	the	DET
fsr-3337	28	8	international	international	ADJ
fsr-3337	28	9	diversification	diversification	NOUN
fsr-3337	28	10	benefits	benefit	NOUN
fsr-3337	28	11	of	of	ADP
fsr-3337	28	12	u.s	u.s	PROPN
fsr-3337	28	13	.	.	PROPN
fsr-3337	28	14	exchange	exchange	PROPN
fsr-3337	28	15	traded	trade	VERB
fsr-3337	28	16	securities	security	NOUN
fsr-3337	28	17	such	such	ADJ
fsr-3337	28	18	as	as	ADP
fsr-3337	28	19	closed	closed	ADJ
fsr-3337	28	20	ended	end	VERB
fsr-3337	28	21	funds	fund	NOUN
fsr-3337	28	22	,	,	PUNCT
fsr-3337	28	23	adrs	adr	NOUN
fsr-3337	28	24	and	and	CCONJ
fsr-3337	28	25	multinational	multinational	ADJ
fsr-3337	28	26	corporation	corporation	NOUN
fsr-3337	28	27	(	(	PUNCT
fsr-3337	28	28	mncs	mncs	PROPN
fsr-3337	28	29	)	)	PUNCT
fsr-3337	28	30	to	to	PART
fsr-3337	28	31	provide	provide	VERB
fsr-3337	28	32	diversification	diversification	NOUN
fsr-3337	28	33	benefits	benefit	NOUN
fsr-3337	28	34	similar	similar	ADJ
fsr-3337	28	35	to	to	ADP
fsr-3337	28	36	investment	investment	NOUN
fsr-3337	28	37	in	in	ADP
fsr-3337	28	38	foreign	foreign	ADJ
fsr-3337	28	39	equity	equity	NOUN
fsr-3337	28	40	.	.	PUNCT
fsr-3337	29	1	the	the	DET
fsr-3337	29	2	result	result	NOUN
fsr-3337	29	3	indicate	indicate	VERB
fsr-3337	29	4	that	that	SCONJ
fsr-3337	29	5	u.s	u.s	PROPN
fsr-3337	29	6	.	.	PROPN
fsr-3337	29	7	exchange	exchange	NOUN
fsr-3337	29	8	-	-	PUNCT
fsr-3337	29	9	listed	list	VERB
fsr-3337	29	10	securities	security	NOUN
fsr-3337	29	11	behave	behave	VERB
fsr-3337	29	12	more	more	ADV
fsr-3337	29	13	like	like	ADP
fsr-3337	29	14	host	host	NOUN
fsr-3337	29	15	exchange	exchange	NOUN
fsr-3337	29	16	than	than	ADP
fsr-3337	29	17	their	their	PRON
fsr-3337	29	18	home	home	NOUN
fsr-3337	29	19	exchange	exchange	NOUN
fsr-3337	29	20	.	.	PUNCT
fsr-3337	30	1	this	this	DET
fsr-3337	30	2	results	result	NOUN
fsr-3337	30	3	suggests	suggest	VERB
fsr-3337	30	4	exchange	exchange	NOUN
fsr-3337	30	5	-	-	PUNCT
fsr-3337	30	6	listed	list	VERB
fsr-3337	30	7	securities	security	NOUN
fsr-3337	30	8	on	on	ADP
fsr-3337	30	9	average	average	ADJ
fsr-3337	30	10	,	,	PUNCT
fsr-3337	30	11	do	do	AUX
fsr-3337	30	12	not	not	PART
fsr-3337	30	13	perform	perform	VERB
fsr-3337	30	14	an	an	DET
fsr-3337	30	15	international	international	ADJ
fsr-3337	30	16	diversification	diversification	NOUN
fsr-3337	30	17	role	role	NOUN
fsr-3337	30	18	for	for	ADP
fsr-3337	30	19	u.s	u.s	PROPN
fsr-3337	30	20	.	.	PROPN
fsr-3337	30	21	investors	investor	NOUN
fsr-3337	30	22	.	.	PUNCT
fsr-3337	31	1	johnson	johnson	PROPN
fsr-3337	31	2	et	et	PROPN
fsr-3337	31	3	al	al	PROPN
fsr-3337	31	4	.	.	PROPN
fsr-3337	31	5	(	(	PUNCT
fsr-3337	31	6	1999	1999	NUM
fsr-3337	31	7	)	)	PUNCT
fsr-3337	31	8	find	find	VERB
fsr-3337	31	9	that	that	SCONJ
fsr-3337	31	10	diversification	diversification	NOUN
fsr-3337	31	11	benefits	benefit	NOUN
fsr-3337	31	12	of	of	ADP
fsr-3337	31	13	international	international	ADJ
fsr-3337	31	14	mutual	mutual	ADJ
fsr-3337	31	15	funds	fund	NOUN
fsr-3337	31	16	may	may	AUX
fsr-3337	31	17	be	be	AUX
fsr-3337	31	18	less	less	ADJ
fsr-3337	31	19	than	than	ADP
fsr-3337	31	20	what	what	PRON
fsr-3337	31	21	previous	previous	ADJ
fsr-3337	31	22	studies	study	NOUN
fsr-3337	31	23	find	find	VERB
fsr-3337	31	24	.	.	PUNCT
fsr-3337	32	1	they	they	PRON
fsr-3337	32	2	find	find	VERB
fsr-3337	32	3	that	that	SCONJ
fsr-3337	32	4	during	during	ADP
fsr-3337	32	5	restrictive	restrictive	ADJ
fsr-3337	32	6	u.s	u.s	PROPN
fsr-3337	32	7	.	.	PROPN
fsr-3337	32	8	monetary	monetary	ADJ
fsr-3337	32	9	policy	policy	NOUN
fsr-3337	32	10	periods	period	NOUN
fsr-3337	32	11	,	,	PUNCT
fsr-3337	32	12	international	international	ADJ
fsr-3337	32	13	mutual	mutual	ADJ
fsr-3337	32	14	fund	fund	NOUN
fsr-3337	32	15	indexes	index	NOUN
fsr-3337	32	16	provide	provide	VERB
fsr-3337	32	17	lower	low	ADJ
fsr-3337	32	18	excess	excess	ADJ
fsr-3337	32	19	returns	return	NOUN
fsr-3337	32	20	than	than	ADP
fsr-3337	32	21	domestic	domestic	ADJ
fsr-3337	32	22	counterparts	counterpart	NOUN
fsr-3337	32	23	.	.	PUNCT
fsr-3337	33	1	additionally	additionally	ADV
fsr-3337	33	2	,	,	PUNCT
fsr-3337	33	3	the	the	DET
fsr-3337	33	4	correlations	correlation	NOUN
fsr-3337	33	5	between	between	ADP
fsr-3337	33	6	international	international	ADJ
fsr-3337	33	7	mutual	mutual	ADJ
fsr-3337	33	8	funds	fund	NOUN
fsr-3337	33	9	and	and	CCONJ
fsr-3337	33	10	domestic	domestic	ADJ
fsr-3337	33	11	mutual	mutual	ADJ
fsr-3337	33	12	funds	fund	NOUN
fsr-3337	33	13	are	be	AUX
fsr-3337	33	14	higher	high	ADJ
fsr-3337	33	15	during	during	ADP
fsr-3337	33	16	restrictive	restrictive	ADJ
fsr-3337	33	17	monetary	monetary	ADJ
fsr-3337	33	18	policy	policy	NOUN
fsr-3337	33	19	periods	period	NOUN
fsr-3337	33	20	.	.	PUNCT
fsr-3337	34	1	this	this	DET
fsr-3337	34	2	evidence	evidence	NOUN
fsr-3337	34	3	may	may	AUX
fsr-3337	34	4	represent	represent	VERB
fsr-3337	34	5	a	a	DET
fsr-3337	34	6	partial	partial	ADJ
fsr-3337	34	7	explanation	explanation	NOUN
fsr-3337	34	8	for	for	ADP
fsr-3337	34	9	the	the	DET
fsr-3337	34	10	home	home	NOUN
fsr-3337	34	11	country	country	NOUN
fsr-3337	34	12	bias	bias	NOUN
fsr-3337	34	13	exhibited	exhibit	VERB
fsr-3337	34	14	by	by	ADP
fsr-3337	34	15	united	united	PROPN
fsr-3337	34	16	states	states	PROPN
fsr-3337	34	17	-	-	PUNCT
fsr-3337	34	18	based	base	VERB
fsr-3337	34	19	individual	individual	ADJ
fsr-3337	34	20	and	and	CCONJ
fsr-3337	34	21	institutional	institutional	ADJ
fsr-3337	34	22	investors	investor	NOUN
fsr-3337	34	23	.	.	PUNCT
fsr-3337	35	1	aiello	aiello	PROPN
fsr-3337	35	2	and	and	CCONJ
fsr-3337	35	3	chieffe	chieffe	ADJ
fsr-3337	35	4	(	(	PUNCT
fsr-3337	35	5	1999	1999	NUM
fsr-3337	35	6	)	)	PUNCT
fsr-3337	35	7	compare	compare	VERB
fsr-3337	35	8	the	the	DET
fsr-3337	35	9	performance	performance	NOUN
fsr-3337	35	10	of	of	ADP
fsr-3337	35	11	international	international	ADJ
fsr-3337	35	12	index	index	NOUN
fsr-3337	35	13	funds	fund	NOUN
fsr-3337	35	14	and	and	CCONJ
fsr-3337	35	15	the	the	DET
fsr-3337	35	16	s&p	s&p	PROPN
fsr-3337	35	17	500	500	NUM
fsr-3337	35	18	from	from	ADP
fsr-3337	35	19	1989	1989	NUM
fsr-3337	35	20	to	to	ADP
fsr-3337	35	21	1997	1997	NUM
fsr-3337	35	22	and	and	CCONJ
fsr-3337	35	23	find	find	VERB
fsr-3337	35	24	that	that	SCONJ
fsr-3337	35	25	international	international	ADJ
fsr-3337	35	26	index	index	NOUN
fsr-3337	35	27	funds	fund	NOUN
fsr-3337	35	28	do	do	AUX
fsr-3337	35	29	not	not	PART
fsr-3337	35	30	offer	offer	VERB
fsr-3337	35	31	superior	superior	ADJ
fsr-3337	35	32	performance	performance	NOUN
fsr-3337	35	33	.	.	PUNCT
fsr-3337	36	1	ho	ho	PROPN
fsr-3337	36	2	et	et	PROPN
fsr-3337	36	3	al	al	PROPN
fsr-3337	36	4	.	.	PROPN
fsr-3337	36	5	(	(	PUNCT
fsr-3337	36	6	1999	1999	NUM
fsr-3337	36	7	)	)	PUNCT
fsr-3337	36	8	find	find	VERB
fsr-3337	36	9	that	that	SCONJ
fsr-3337	36	10	the	the	DET
fsr-3337	36	11	united	united	PROPN
fsr-3337	36	12	states	states	PROPN
fsr-3337	36	13	equity	equity	NOUN
fsr-3337	36	14	market	market	NOUN
fsr-3337	36	15	is	be	AUX
fsr-3337	36	16	a	a	DET
fsr-3337	36	17	large	large	ADJ
fsr-3337	36	18	proportion	proportion	NOUN
fsr-3337	36	19	of	of	ADP
fsr-3337	36	20	the	the	DET
fsr-3337	36	21	international	international	ADJ
fsr-3337	36	22	equity	equity	NOUN
fsr-3337	36	23	market	market	NOUN
fsr-3337	36	24	that	that	PRON
fsr-3337	36	25	is	be	AUX
fsr-3337	36	26	available	available	ADJ
fsr-3337	36	27	to	to	ADP
fsr-3337	36	28	individual	individual	ADJ
fsr-3337	36	29	investors	investor	NOUN
fsr-3337	36	30	,	,	PUNCT
fsr-3337	36	31	and	and	CCONJ
fsr-3337	36	32	united	united	PROPN
fsr-3337	36	33	states	states	PROPN
fsr-3337	36	34	returns	return	NOUN
fsr-3337	36	35	are	be	AUX
fsr-3337	36	36	highly	highly	ADV
fsr-3337	36	37	correlated	correlate	VERB
fsr-3337	36	38	with	with	ADP
fsr-3337	36	39	other	other	ADJ
fsr-3337	36	40	markets	market	NOUN
fsr-3337	36	41	.	.	PUNCT
fsr-3337	37	1	hanna	hanna	PROPN
fsr-3337	37	2	et	et	PROPN
fsr-3337	37	3	al	al	PROPN
fsr-3337	37	4	.	.	PROPN
fsr-3337	38	1	(	(	PUNCT
fsr-3337	38	2	1999	1999	NUM
fsr-3337	38	3	)	)	PUNCT
fsr-3337	38	4	look	look	VERB
fsr-3337	38	5	at	at	ADP
fsr-3337	38	6	ten	ten	NUM
fsr-3337	38	7	years	year	NOUN
fsr-3337	38	8	of	of	ADP
fsr-3337	38	9	historical	historical	ADJ
fsr-3337	38	10	data	datum	NOUN
fsr-3337	38	11	(	(	PUNCT
fsr-3337	38	12	january	january	PROPN
fsr-3337	38	13	1988	1988	NUM
fsr-3337	38	14	through	through	ADP
fsr-3337	38	15	december	december	PROPN
fsr-3337	38	16	1997	1997	NUM
fsr-3337	38	17	)	)	PUNCT
fsr-3337	38	18	from	from	ADP
fsr-3337	38	19	the	the	DET
fsr-3337	38	20	stock	stock	NOUN
fsr-3337	38	21	markets	market	NOUN
fsr-3337	38	22	in	in	ADP
fsr-3337	38	23	the	the	DET
fsr-3337	38	24	g-7	g-7	NOUN
fsr-3337	38	25	countries	country	NOUN
fsr-3337	38	26	.	.	PUNCT
fsr-3337	39	1	across	across	ADP
fsr-3337	39	2	this	this	DET
fsr-3337	39	3	10	10	NUM
fsr-3337	39	4	-	-	PUNCT
fsr-3337	39	5	year	year	NOUN
fsr-3337	39	6	period	period	NOUN
fsr-3337	39	7	,	,	PUNCT
fsr-3337	39	8	they	they	PRON
fsr-3337	39	9	find	find	VERB
fsr-3337	39	10	that	that	SCONJ
fsr-3337	39	11	a	a	DET
fsr-3337	39	12	portfolio	portfolio	NOUN
fsr-3337	39	13	consisting	consist	VERB
fsr-3337	39	14	solely	solely	ADV
fsr-3337	39	15	of	of	ADP
fsr-3337	39	16	the	the	DET
fsr-3337	39	17	s&p	s&p	PROPN
fsr-3337	39	18	500	500	NUM
fsr-3337	39	19	dominates	dominate	VERB
fsr-3337	39	20	any	any	DET
fsr-3337	39	21	portfolio	portfolio	NOUN
fsr-3337	39	22	that	that	PRON
fsr-3337	39	23	can	can	AUX
fsr-3337	39	24	be	be	AUX
fsr-3337	39	25	constructed	construct	VERB
fsr-3337	39	26	from	from	ADP
fsr-3337	39	27	the	the	DET
fsr-3337	39	28	s&p	s&p	PROPN
fsr-3337	39	29	500	500	NUM
fsr-3337	39	30	and	and	CCONJ
fsr-3337	39	31	the	the	DET
fsr-3337	39	32	major	major	ADJ
fsr-3337	39	33	market	market	NOUN
fsr-3337	39	34	index	index	NOUN
fsr-3337	39	35	of	of	ADP
fsr-3337	39	36	the	the	DET
fsr-3337	39	37	g-7	g-7	NOUN
fsr-3337	39	38	countries	country	NOUN
fsr-3337	39	39	.	.	PUNCT
fsr-3337	40	1	the	the	DET
fsr-3337	40	2	growth	growth	NOUN
fsr-3337	40	3	in	in	ADP
fsr-3337	40	4	the	the	DET
fsr-3337	40	5	number	number	NOUN
fsr-3337	40	6	of	of	ADP
fsr-3337	40	7	international	international	ADJ
fsr-3337	40	8	etfs	etfs	PROPN
fsr-3337	40	9	has	have	AUX
fsr-3337	40	10	been	be	AUX
fsr-3337	40	11	significant	significant	ADJ
fsr-3337	40	12	,	,	PUNCT
fsr-3337	40	13	especially	especially	ADV
fsr-3337	40	14	immediately	immediately	ADV
fsr-3337	40	15	before	before	ADP
fsr-3337	40	16	the	the	DET
fsr-3337	40	17	“	"	PUNCT
fsr-3337	40	18	great	great	ADJ
fsr-3337	40	19	recession	recession	NOUN
fsr-3337	40	20	.	.	PUNCT
fsr-3337	40	21	”	"	PUNCT
fsr-3337	41	1	this	this	DET
fsr-3337	41	2	growth	growth	NOUN
fsr-3337	41	3	was	be	AUX
fsr-3337	41	4	in	in	ADP
fsr-3337	41	5	response	response	NOUN
fsr-3337	41	6	to	to	ADP
fsr-3337	41	7	investor	investor	NOUN
fsr-3337	41	8	demand	demand	NOUN
fsr-3337	41	9	for	for	ADP
fsr-3337	41	10	etfs	etfs	PROPN
fsr-3337	41	11	that	that	PRON
fsr-3337	41	12	provided	provide	VERB
fsr-3337	41	13	an	an	DET
fsr-3337	41	14	opportunity	opportunity	NOUN
fsr-3337	41	15	to	to	PART
fsr-3337	41	16	diversify	diversify	VERB
fsr-3337	41	17	globally	globally	ADV
fsr-3337	41	18	using	use	VERB
fsr-3337	41	19	low	low	ADJ
fsr-3337	41	20	cost	cost	NOUN
fsr-3337	41	21	options	option	NOUN
fsr-3337	41	22	.	.	PUNCT
fsr-3337	42	1	in	in	ADP
fsr-3337	42	2	this	this	DET
fsr-3337	42	3	article	article	NOUN
fsr-3337	42	4	we	we	PRON
fsr-3337	42	5	look	look	VERB
fsr-3337	42	6	at	at	ADP
fsr-3337	42	7	the	the	DET
fsr-3337	42	8	performance	performance	NOUN
fsr-3337	42	9	and	and	CCONJ
fsr-3337	42	10	diversification	diversification	NOUN
fsr-3337	42	11	benefits	benefit	NOUN
fsr-3337	42	12	of	of	ADP
fsr-3337	42	13	international	international	ADJ
fsr-3337	42	14	etfs	etfs	PROPN
fsr-3337	42	15	for	for	ADP
fsr-3337	42	16	u.s	u.s	PROPN
fsr-3337	42	17	.	.	PROPN
fsr-3337	42	18	investors	investor	NOUN
fsr-3337	42	19	from	from	ADP
fsr-3337	42	20	2008	2008	NUM
fsr-3337	42	21	through	through	ADP
fsr-3337	42	22	june	june	PROPN
fsr-3337	42	23	2013.1	2013.1	NUM
fsr-3337	42	24	using	use	VERB
fsr-3337	42	25	etfs	etfs	NOUN
fsr-3337	42	26	that	that	PRON
fsr-3337	42	27	follow	follow	VERB
fsr-3337	42	28	total	total	ADJ
fsr-3337	42	29	world	world	NOUN
fsr-3337	42	30	,	,	PUNCT
fsr-3337	42	31	total	total	ADJ
fsr-3337	42	32	world	world	NOUN
fsr-3337	42	33	250	250	NUM
fsr-3337	42	34	s.	s.	PROPN
fsr-3337	42	35	kanuri	kanuri	PROPN
fsr-3337	42	36	,	,	PUNCT
fsr-3337	42	37	r.w	r.w	PROPN
fsr-3337	42	38	.	.	PROPN
fsr-3337	42	39	mcleod	mcleod	PROPN
fsr-3337	42	40	/	/	SYM
fsr-3337	42	41	financial	financial	ADJ
fsr-3337	42	42	services	service	NOUN
fsr-3337	42	43	review	review	VERB
fsr-3337	42	44	24	24	NUM
fsr-3337	42	45	(	(	PUNCT
fsr-3337	42	46	2015	2015	NUM
fsr-3337	42	47	)	)	PUNCT
fsr-3337	43	1	249–270	249–270	NUM
fsr-3337	43	2	ex	ex	PRON
fsr-3337	43	3	u.s	u.s	PROPN
fsr-3337	43	4	.	.	PROPN
fsr-3337	43	5	,	,	PUNCT
fsr-3337	43	6	developed	develop	VERB
fsr-3337	43	7	markets	market	NOUN
fsr-3337	43	8	,	,	PUNCT
fsr-3337	43	9	and	and	CCONJ
fsr-3337	43	10	emerging	emerge	VERB
fsr-3337	43	11	markets	market	NOUN
fsr-3337	43	12	,	,	PUNCT
fsr-3337	43	13	we	we	PRON
fsr-3337	43	14	compare	compare	VERB
fsr-3337	43	15	their	their	PRON
fsr-3337	43	16	performance	performance	NOUN
fsr-3337	43	17	to	to	ADP
fsr-3337	43	18	u.s	u.s	PROPN
fsr-3337	43	19	.	.	PROPN
fsr-3337	43	20	etfs	etfs	PROPN
fsr-3337	43	21	that	that	PRON
fsr-3337	43	22	follow	follow	VERB
fsr-3337	43	23	the	the	DET
fsr-3337	43	24	major	major	ADJ
fsr-3337	43	25	indices	index	NOUN
fsr-3337	43	26	.	.	PUNCT
fsr-3337	44	1	according	accord	VERB
fsr-3337	44	2	to	to	ADP
fsr-3337	44	3	rompotis	rompotis	PROPN
fsr-3337	44	4	(	(	PUNCT
fsr-3337	44	5	2010	2010	NUM
fsr-3337	44	6	)	)	PUNCT
fsr-3337	44	7	,	,	PUNCT
fsr-3337	44	8	investors	investor	NOUN
fsr-3337	44	9	choose	choose	VERB
fsr-3337	44	10	foreign	foreign	ADJ
fsr-3337	44	11	etfs	etfs	NOUN
fsr-3337	44	12	for	for	ADP
fsr-3337	44	13	a	a	DET
fsr-3337	44	14	number	number	NOUN
fsr-3337	44	15	of	of	ADP
fsr-3337	44	16	reasons	reason	NOUN
fsr-3337	44	17	:	:	PUNCT
fsr-3337	44	18	(	(	PUNCT
fsr-3337	44	19	1	1	X
fsr-3337	44	20	)	)	PUNCT
fsr-3337	44	21	it	it	PRON
fsr-3337	44	22	was	be	AUX
fsr-3337	44	23	difficult	difficult	ADJ
fsr-3337	44	24	to	to	PART
fsr-3337	44	25	invest	invest	VERB
fsr-3337	44	26	in	in	ADP
fsr-3337	44	27	securities	security	NOUN
fsr-3337	44	28	listed	list	VERB
fsr-3337	44	29	on	on	ADP
fsr-3337	44	30	foreign	foreign	ADJ
fsr-3337	44	31	exchanges	exchange	NOUN
fsr-3337	44	32	before	before	ADP
fsr-3337	44	33	the	the	DET
fsr-3337	44	34	emergence	emergence	NOUN
fsr-3337	44	35	of	of	ADP
fsr-3337	44	36	etfs	etfs	NOUN
fsr-3337	44	37	because	because	SCONJ
fsr-3337	44	38	many	many	ADJ
fsr-3337	44	39	u.s	u.s	PROPN
fsr-3337	44	40	.	.	PROPN
fsr-3337	44	41	brokers	broker	NOUN
fsr-3337	44	42	were	be	AUX
fsr-3337	44	43	unable	unable	ADJ
fsr-3337	44	44	to	to	PART
fsr-3337	44	45	process	process	VERB
fsr-3337	44	46	orders	order	NOUN
fsr-3337	44	47	on	on	ADP
fsr-3337	44	48	non	non	ADJ
fsr-3337	44	49	-	-	ADJ
fsr-3337	44	50	u.s	u.s	ADJ
fsr-3337	44	51	.	.	PROPN
fsr-3337	44	52	exchanges	exchange	NOUN
fsr-3337	44	53	and	and	CCONJ
fsr-3337	44	54	the	the	DET
fsr-3337	44	55	few	few	ADJ
fsr-3337	44	56	good	good	ADJ
fsr-3337	44	57	international	international	ADJ
fsr-3337	44	58	mutual	mutual	ADJ
fsr-3337	44	59	funds	fund	NOUN
fsr-3337	44	60	that	that	PRON
fsr-3337	44	61	existed	existed	AUX
fsr-3337	44	62	had	have	VERB
fsr-3337	44	63	very	very	ADV
fsr-3337	44	64	high	high	ADJ
fsr-3337	44	65	expenses	expense	NOUN
fsr-3337	44	66	.	.	PUNCT
fsr-3337	45	1	(	(	PUNCT
fsr-3337	45	2	2	2	X
fsr-3337	45	3	)	)	PUNCT
fsr-3337	45	4	apart	apart	ADV
fsr-3337	45	5	from	from	ADP
fsr-3337	45	6	difficulties	difficulty	NOUN
fsr-3337	45	7	of	of	ADP
fsr-3337	45	8	foreign	foreign	ADJ
fsr-3337	45	9	investing	investing	NOUN
fsr-3337	45	10	,	,	PUNCT
fsr-3337	45	11	investors	investor	NOUN
fsr-3337	45	12	choose	choose	VERB
fsr-3337	45	13	international	international	ADJ
fsr-3337	45	14	etfs	etfs	PROPN
fsr-3337	45	15	for	for	ADP
fsr-3337	45	16	broad	broad	ADJ
fsr-3337	45	17	diversification	diversification	NOUN
fsr-3337	45	18	without	without	ADP
fsr-3337	45	19	having	have	VERB
fsr-3337	45	20	to	to	PART
fsr-3337	45	21	directly	directly	ADV
fsr-3337	45	22	purchase	purchase	VERB
fsr-3337	45	23	stocks	stock	NOUN
fsr-3337	45	24	in	in	ADP
fsr-3337	45	25	foreign	foreign	ADJ
fsr-3337	45	26	countries	country	NOUN
fsr-3337	45	27	.	.	PUNCT
fsr-3337	46	1	in	in	ADP
fsr-3337	46	2	addition	addition	NOUN
fsr-3337	46	3	,	,	PUNCT
fsr-3337	46	4	investors	investor	NOUN
fsr-3337	46	5	want	want	VERB
fsr-3337	46	6	to	to	PART
fsr-3337	46	7	take	take	VERB
fsr-3337	46	8	advantage	advantage	NOUN
fsr-3337	46	9	of	of	ADP
fsr-3337	46	10	specific	specific	ADJ
fsr-3337	46	11	macroeconomic	macroeconomic	ADJ
fsr-3337	46	12	or	or	CCONJ
fsr-3337	46	13	microeconomic	microeconomic	ADJ
fsr-3337	46	14	trends	trend	NOUN
fsr-3337	46	15	,	,	PUNCT
fsr-3337	46	16	such	such	ADJ
fsr-3337	46	17	as	as	ADP
fsr-3337	46	18	rapid	rapid	ADJ
fsr-3337	46	19	growth	growth	NOUN
fsr-3337	46	20	in	in	ADP
fsr-3337	46	21	a	a	DET
fsr-3337	46	22	particular	particular	ADJ
fsr-3337	46	23	economy	economy	NOUN
fsr-3337	46	24	or	or	CCONJ
fsr-3337	46	25	region	region	NOUN
fsr-3337	46	26	.	.	PUNCT
fsr-3337	47	1	international	international	ADJ
fsr-3337	47	2	etfs	etfs	PROPN
fsr-3337	47	3	give	give	VERB
fsr-3337	47	4	u.s	u.s	PROPN
fsr-3337	47	5	.	.	PROPN
fsr-3337	47	6	investors	investor	NOUN
fsr-3337	47	7	a	a	DET
fsr-3337	47	8	cheaper	cheap	ADJ
fsr-3337	47	9	and	and	CCONJ
fsr-3337	47	10	less	less	ADV
fsr-3337	47	11	complicated	complicated	ADJ
fsr-3337	47	12	method	method	NOUN
fsr-3337	47	13	to	to	PART
fsr-3337	47	14	invest	invest	VERB
fsr-3337	47	15	in	in	ADP
fsr-3337	47	16	foreign	foreign	ADJ
fsr-3337	47	17	stocks	stock	NOUN
fsr-3337	47	18	rather	rather	ADV
fsr-3337	47	19	than	than	ADP
fsr-3337	47	20	direct	direct	ADJ
fsr-3337	47	21	investment	investment	NOUN
fsr-3337	47	22	.	.	PUNCT
fsr-3337	48	1	our	our	PRON
fsr-3337	48	2	article	article	NOUN
fsr-3337	48	3	will	will	AUX
fsr-3337	48	4	test	test	VERB
fsr-3337	48	5	whether	whether	SCONJ
fsr-3337	48	6	international	international	ADJ
fsr-3337	48	7	etfs	etfs	NOUN
fsr-3337	48	8	outperform	outperform	VERB
fsr-3337	48	9	major	major	ADJ
fsr-3337	48	10	u.s	u.s	PROPN
fsr-3337	48	11	.	.	PROPN
fsr-3337	48	12	etfs	etfs	PROPN
fsr-3337	48	13	and	and	CCONJ
fsr-3337	48	14	whether	whether	SCONJ
fsr-3337	48	15	u.s	u.s	PROPN
fsr-3337	48	16	.	.	PROPN
fsr-3337	48	17	investors	investor	NOUN
fsr-3337	48	18	get	get	VERB
fsr-3337	48	19	diversification	diversification	NOUN
fsr-3337	48	20	benefits	benefit	NOUN
fsr-3337	48	21	by	by	ADP
fsr-3337	48	22	investing	invest	VERB
fsr-3337	48	23	in	in	ADP
fsr-3337	48	24	foreign	foreign	ADJ
fsr-3337	48	25	etfs	etfs	NOUN
fsr-3337	48	26	during	during	ADP
fsr-3337	48	27	the	the	DET
fsr-3337	48	28	financial	financial	ADJ
fsr-3337	48	29	crisis	crisis	NOUN
fsr-3337	48	30	and	and	CCONJ
fsr-3337	48	31	subsequent	subsequent	ADJ
fsr-3337	48	32	recovery	recovery	NOUN
fsr-3337	48	33	of	of	ADP
fsr-3337	48	34	the	the	DET
fsr-3337	48	35	u.s	u.s	PROPN
fsr-3337	48	36	.	.	PROPN
fsr-3337	48	37	stock	stock	NOUN
fsr-3337	48	38	market	market	NOUN
fsr-3337	48	39	.	.	PUNCT
fsr-3337	49	1	2	2	X
fsr-3337	49	2	.	.	X
fsr-3337	49	3	data	datum	NOUN
fsr-3337	49	4	to	to	PART
fsr-3337	49	5	be	be	AUX
fsr-3337	49	6	included	include	VERB
fsr-3337	49	7	in	in	ADP
fsr-3337	49	8	the	the	DET
fsr-3337	49	9	analysis	analysis	NOUN
fsr-3337	49	10	(	(	PUNCT
fsr-3337	49	11	for	for	ADP
fsr-3337	49	12	an	an	DET
fsr-3337	49	13	equal	equal	ADJ
fsr-3337	49	14	comparison	comparison	NOUN
fsr-3337	49	15	)	)	PUNCT
fsr-3337	49	16	,	,	PUNCT
fsr-3337	49	17	the	the	DET
fsr-3337	49	18	etf	etf	NOUN
fsr-3337	49	19	should	should	AUX
fsr-3337	49	20	have	have	AUX
fsr-3337	49	21	been	be	AUX
fsr-3337	49	22	created	create	VERB
fsr-3337	49	23	on	on	ADP
fsr-3337	49	24	or	or	CCONJ
fsr-3337	49	25	before	before	ADP
fsr-3337	49	26	january	january	PROPN
fsr-3337	49	27	2008	2008	NUM
fsr-3337	49	28	and	and	CCONJ
fsr-3337	49	29	have	have	VERB
fsr-3337	49	30	continuous	continuous	ADJ
fsr-3337	49	31	return	return	NOUN
fsr-3337	49	32	and	and	CCONJ
fsr-3337	49	33	trading	trading	NOUN
fsr-3337	49	34	history	history	NOUN
fsr-3337	49	35	from	from	ADP
fsr-3337	49	36	january	january	PROPN
fsr-3337	49	37	2008	2008	NUM
fsr-3337	49	38	through	through	ADP
fsr-3337	49	39	june	june	PROPN
fsr-3337	49	40	2013	2013	NUM
fsr-3337	49	41	.	.	PUNCT
fsr-3337	50	1	these	these	DET
fsr-3337	50	2	etfs	etfs	NOUN
fsr-3337	50	3	where	where	SCONJ
fsr-3337	50	4	created	create	VERB
fsr-3337	50	5	at	at	ADP
fsr-3337	50	6	different	different	ADJ
fsr-3337	50	7	points	point	NOUN
fsr-3337	50	8	of	of	ADP
fsr-3337	50	9	time	time	NOUN
fsr-3337	50	10	with	with	ADP
fsr-3337	50	11	u.s	u.s	PROPN
fsr-3337	50	12	.	.	PROPN
fsr-3337	50	13	etfs	etfs	PROPN
fsr-3337	50	14	created	create	VERB
fsr-3337	50	15	before	before	ADP
fsr-3337	50	16	total	total	ADJ
fsr-3337	50	17	world	world	NOUN
fsr-3337	50	18	,	,	PUNCT
fsr-3337	50	19	total	total	ADJ
fsr-3337	50	20	world	world	NOUN
fsr-3337	50	21	ex	ex	PROPN
fsr-3337	50	22	u.s	u.s	PROPN
fsr-3337	50	23	.	.	PROPN
fsr-3337	50	24	,	,	PUNCT
fsr-3337	50	25	developed	develop	VERB
fsr-3337	50	26	markets	market	NOUN
fsr-3337	50	27	,	,	PUNCT
fsr-3337	50	28	and	and	CCONJ
fsr-3337	50	29	emerging	emerge	VERB
fsr-3337	50	30	markets	market	NOUN
fsr-3337	50	31	etfs	etfs	NOUN
fsr-3337	50	32	.	.	PUNCT
fsr-3337	51	1	table	table	NOUN
fsr-3337	52	1	1a	1a	PROPN
fsr-3337	52	2	provides	provide	VERB
fsr-3337	52	3	a	a	DET
fsr-3337	52	4	list	list	NOUN
fsr-3337	52	5	of	of	ADP
fsr-3337	52	6	each	each	DET
fsr-3337	52	7	etf	etf	NOUN
fsr-3337	52	8	used	use	VERB
fsr-3337	52	9	in	in	ADP
fsr-3337	52	10	our	our	PRON
fsr-3337	52	11	study	study	NOUN
fsr-3337	52	12	,	,	PUNCT
fsr-3337	52	13	its	its	PRON
fsr-3337	52	14	inception	inception	ADJ
fsr-3337	52	15	date	date	NOUN
fsr-3337	52	16	,	,	PUNCT
fsr-3337	52	17	the	the	DET
fsr-3337	52	18	underlying	underlying	ADJ
fsr-3337	52	19	benchmark	benchmark	NOUN
fsr-3337	52	20	index	index	NOUN
fsr-3337	52	21	,	,	PUNCT
fsr-3337	52	22	and	and	CCONJ
fsr-3337	52	23	the	the	DET
fsr-3337	52	24	category	category	NOUN
fsr-3337	52	25	to	to	PART
fsr-3337	52	26	which	which	PRON
fsr-3337	52	27	the	the	DET
fsr-3337	52	28	etf	etf	NOUN
fsr-3337	52	29	belongs	belong	VERB
fsr-3337	52	30	.	.	PUNCT
fsr-3337	53	1	the	the	DET
fsr-3337	53	2	complete	complete	ADJ
fsr-3337	53	3	list	list	NOUN
fsr-3337	53	4	of	of	ADP
fsr-3337	53	5	different	different	ADJ
fsr-3337	53	6	categories	category	NOUN
fsr-3337	53	7	of	of	ADP
fsr-3337	53	8	etfs	etfs	PROPN
fsr-3337	53	9	was	be	AUX
fsr-3337	53	10	obtained	obtain	VERB
fsr-3337	53	11	from	from	ADP
fsr-3337	53	12	morningstar	morningstar	PROPN
fsr-3337	53	13	direct	direct	PROPN
fsr-3337	53	14	.	.	PUNCT
fsr-3337	54	1	using	use	VERB
fsr-3337	54	2	data	datum	NOUN
fsr-3337	54	3	obtained	obtain	VERB
fsr-3337	54	4	from	from	ADP
fsr-3337	54	5	morningstar	morningstar	PROPN
fsr-3337	54	6	direct	direct	PROPN
fsr-3337	54	7	and	and	CCONJ
fsr-3337	54	8	bloomberg	bloomberg	PROPN
fsr-3337	54	9	terminal	terminal	NOUN
fsr-3337	54	10	we	we	PRON
fsr-3337	54	11	compare	compare	VERB
fsr-3337	54	12	the	the	DET
fsr-3337	54	13	performance	performance	NOUN
fsr-3337	54	14	of	of	ADP
fsr-3337	54	15	u.s	u.s	PROPN
fsr-3337	54	16	.	.	PROPN
fsr-3337	54	17	etfs	etfs	PROPN
fsr-3337	54	18	following	follow	VERB
fsr-3337	54	19	six	six	NUM
fsr-3337	54	20	major	major	ADJ
fsr-3337	54	21	u.s	u.s	PROPN
fsr-3337	54	22	.	.	PROPN
fsr-3337	54	23	indices	index	NOUN
fsr-3337	54	24	(	(	PUNCT
fsr-3337	54	25	s&p	s&p	PROPN
fsr-3337	54	26	500	500	NUM
fsr-3337	54	27	,	,	PUNCT
fsr-3337	54	28	russell	russell	PROPN
fsr-3337	54	29	1000	1000	NUM
fsr-3337	54	30	,	,	PUNCT
fsr-3337	54	31	russell	russell	PROPN
fsr-3337	54	32	3000	3000	NUM
fsr-3337	54	33	,	,	PUNCT
fsr-3337	54	34	dow	dow	PROPN
fsr-3337	54	35	jones	jones	PROPN
fsr-3337	54	36	industrial	industrial	PROPN
fsr-3337	54	37	average	average	PROPN
fsr-3337	54	38	,	,	PUNCT
fsr-3337	54	39	dow	dow	PROPN
fsr-3337	54	40	jones	jones	PROPN
fsr-3337	54	41	u.s	u.s	PROPN
fsr-3337	54	42	.	.	PROPN
fsr-3337	54	43	total	total	ADJ
fsr-3337	54	44	returns	return	NOUN
fsr-3337	54	45	,	,	PUNCT
fsr-3337	54	46	and	and	CCONJ
fsr-3337	54	47	nasdaq	nasdaq	PROPN
fsr-3337	54	48	100	100	NUM
fsr-3337	54	49	)	)	PUNCT
fsr-3337	54	50	to	to	PART
fsr-3337	54	51	total	total	VERB
fsr-3337	54	52	world	world	NOUN
fsr-3337	54	53	,	,	PUNCT
fsr-3337	54	54	total	total	ADJ
fsr-3337	54	55	world	world	NOUN
fsr-3337	54	56	ex	ex	PROPN
fsr-3337	54	57	u.s	u.s	PROPN
fsr-3337	54	58	.	.	PROPN
fsr-3337	54	59	,	,	PUNCT
fsr-3337	54	60	emerging	emerge	VERB
fsr-3337	54	61	markets	market	NOUN
fsr-3337	54	62	,	,	PUNCT
fsr-3337	54	63	and	and	CCONJ
fsr-3337	54	64	developed	developed	ADJ
fsr-3337	54	65	markets	market	NOUN
fsr-3337	54	66	etfs	etfs	NOUN
fsr-3337	54	67	.	.	PUNCT
fsr-3337	55	1	there	there	PRON
fsr-3337	55	2	are	be	VERB
fsr-3337	55	3	a	a	DET
fsr-3337	55	4	total	total	NOUN
fsr-3337	55	5	of	of	ADP
fsr-3337	55	6	36	36	NUM
fsr-3337	55	7	etfs	etfs	NOUN
fsr-3337	55	8	(	(	PUNCT
fsr-3337	55	9	6	6	NUM
fsr-3337	55	10	u.s	u.s	PROPN
fsr-3337	55	11	.	.	PROPN
fsr-3337	55	12	,	,	PUNCT
fsr-3337	55	13	6	6	NUM
fsr-3337	55	14	total	total	ADJ
fsr-3337	55	15	world	world	NOUN
fsr-3337	55	16	,	,	PUNCT
fsr-3337	55	17	4	4	NUM
fsr-3337	55	18	total	total	NOUN
fsr-3337	55	19	world	world	NOUN
fsr-3337	55	20	ex	ex	PROPN
fsr-3337	55	21	u.s	u.s	PROPN
fsr-3337	55	22	.	.	PROPN
fsr-3337	55	23	,	,	PUNCT
fsr-3337	55	24	10	10	NUM
fsr-3337	55	25	emerging	emerge	VERB
fsr-3337	55	26	markets	market	NOUN
fsr-3337	55	27	,	,	PUNCT
fsr-3337	55	28	and	and	CCONJ
fsr-3337	55	29	10	10	NUM
fsr-3337	55	30	developed	develop	VERB
fsr-3337	55	31	markets	market	NOUN
fsr-3337	55	32	)	)	PUNCT
fsr-3337	55	33	included	include	VERB
fsr-3337	55	34	in	in	ADP
fsr-3337	55	35	this	this	DET
fsr-3337	55	36	analysis	analysis	NOUN
fsr-3337	55	37	.	.	PUNCT
fsr-3337	56	1	we	we	PRON
fsr-3337	56	2	also	also	ADV
fsr-3337	56	3	look	look	VERB
fsr-3337	56	4	at	at	ADP
fsr-3337	56	5	the	the	DET
fsr-3337	56	6	potential	potential	ADJ
fsr-3337	56	7	benefits	benefit	NOUN
fsr-3337	56	8	of	of	ADP
fsr-3337	56	9	diversification	diversification	NOUN
fsr-3337	56	10	for	for	ADP
fsr-3337	56	11	american	american	ADJ
fsr-3337	56	12	investors	investor	NOUN
fsr-3337	56	13	from	from	ADP
fsr-3337	56	14	owning	own	VERB
fsr-3337	56	15	international	international	ADJ
fsr-3337	56	16	etfs	etfs	PROPN
fsr-3337	56	17	.	.	PUNCT
fsr-3337	57	1	descriptive	descriptive	ADJ
fsr-3337	57	2	data	datum	NOUN
fsr-3337	57	3	are	be	AUX
fsr-3337	57	4	provided	provide	VERB
fsr-3337	57	5	in	in	ADP
fsr-3337	57	6	table	table	NOUN
fsr-3337	57	7	1b	1b	NUM
fsr-3337	57	8	that	that	PRON
fsr-3337	57	9	include	include	VERB
fsr-3337	57	10	the	the	DET
fsr-3337	57	11	average	average	ADJ
fsr-3337	57	12	annual	annual	ADJ
fsr-3337	57	13	net	net	ADJ
fsr-3337	57	14	expense	expense	NOUN
fsr-3337	57	15	and	and	CCONJ
fsr-3337	57	16	turnover	turnover	NOUN
fsr-3337	57	17	ratios	ratio	NOUN
fsr-3337	57	18	of	of	ADP
fsr-3337	57	19	each	each	DET
fsr-3337	57	20	etf	etf	NOUN
fsr-3337	57	21	from	from	ADP
fsr-3337	57	22	2008	2008	NUM
fsr-3337	57	23	to	to	ADP
fsr-3337	57	24	2013	2013	NUM
fsr-3337	57	25	and	and	CCONJ
fsr-3337	57	26	assets	asset	NOUN
fsr-3337	57	27	at	at	ADP
fsr-3337	57	28	the	the	DET
fsr-3337	57	29	end	end	NOUN
fsr-3337	57	30	of	of	ADP
fsr-3337	57	31	june	june	PROPN
fsr-3337	57	32	2013	2013	NUM
fsr-3337	57	33	.	.	PUNCT
fsr-3337	58	1	u.s	u.s	PROPN
fsr-3337	58	2	.	.	PROPN
fsr-3337	58	3	etfs	etfs	PROPN
fsr-3337	58	4	have	have	VERB
fsr-3337	58	5	the	the	DET
fsr-3337	58	6	lowest	low	ADJ
fsr-3337	58	7	expense	expense	NOUN
fsr-3337	58	8	ratios	ratio	NOUN
fsr-3337	58	9	while	while	SCONJ
fsr-3337	58	10	developed	develop	VERB
fsr-3337	58	11	market	market	NOUN
fsr-3337	58	12	and	and	CCONJ
fsr-3337	58	13	emerging	emerge	VERB
fsr-3337	58	14	market	market	NOUN
fsr-3337	58	15	etfs	etfs	NOUN
fsr-3337	58	16	have	have	VERB
fsr-3337	58	17	the	the	DET
fsr-3337	58	18	highest	high	ADJ
fsr-3337	58	19	expense	expense	NOUN
fsr-3337	58	20	ratios	ratio	NOUN
fsr-3337	58	21	.	.	PUNCT
fsr-3337	59	1	all	all	DET
fsr-3337	59	2	these	these	DET
fsr-3337	59	3	values	value	NOUN
fsr-3337	59	4	have	have	AUX
fsr-3337	59	5	also	also	ADV
fsr-3337	59	6	been	be	AUX
fsr-3337	59	7	taken	take	VERB
fsr-3337	59	8	from	from	ADP
fsr-3337	59	9	morningstar	morningstar	PROPN
fsr-3337	59	10	direct	direct	PROPN
fsr-3337	59	11	and	and	CCONJ
fsr-3337	59	12	bloomberg	bloomberg	PROPN
fsr-3337	59	13	terminal	terminal	NOUN
fsr-3337	59	14	.	.	PUNCT
fsr-3337	60	1	3	3	X
fsr-3337	60	2	.	.	X
fsr-3337	60	3	performance	performance	NOUN
fsr-3337	60	4	and	and	CCONJ
fsr-3337	60	5	risk	risk	NOUN
fsr-3337	60	6	following	follow	VERB
fsr-3337	60	7	rompotis	rompotis	PROPN
fsr-3337	60	8	(	(	PUNCT
fsr-3337	60	9	2009	2009	NUM
fsr-3337	60	10	,	,	PUNCT
fsr-3337	60	11	2010	2010	NUM
fsr-3337	60	12	)	)	PUNCT
fsr-3337	60	13	and	and	CCONJ
fsr-3337	60	14	shin	shin	NOUN
fsr-3337	60	15	and	and	CCONJ
fsr-3337	60	16	soydemir	soydemir	NOUN
fsr-3337	60	17	(	(	PUNCT
fsr-3337	60	18	2010	2010	NUM
fsr-3337	60	19	)	)	PUNCT
fsr-3337	60	20	,	,	PUNCT
fsr-3337	60	21	etfs	etfs	PROPN
fsr-3337	60	22	are	be	AUX
fsr-3337	60	23	compared	compare	VERB
fsr-3337	60	24	based	base	VERB
fsr-3337	60	25	on	on	ADP
fsr-3337	60	26	their	their	PRON
fsr-3337	60	27	average	average	ADJ
fsr-3337	60	28	monthly	monthly	ADJ
fsr-3337	60	29	returns	return	NOUN
fsr-3337	60	30	for	for	ADP
fsr-3337	60	31	the	the	DET
fsr-3337	60	32	entire	entire	ADJ
fsr-3337	60	33	period	period	NOUN
fsr-3337	60	34	(	(	PUNCT
fsr-3337	60	35	january	january	PROPN
fsr-3337	60	36	2008	2008	NUM
fsr-3337	60	37	through	through	ADP
fsr-3337	60	38	june	june	PROPN
fsr-3337	60	39	2013	2013	NUM
fsr-3337	60	40	)	)	PUNCT
fsr-3337	60	41	.	.	PUNCT
fsr-3337	61	1	we	we	PRON
fsr-3337	61	2	rank	rank	VERB
fsr-3337	61	3	etfs	etfs	PROPN
fsr-3337	61	4	in	in	ADP
fsr-3337	61	5	descending	descend	VERB
fsr-3337	61	6	order	order	NOUN
fsr-3337	61	7	based	base	VERB
fsr-3337	61	8	on	on	ADP
fsr-3337	61	9	their	their	PRON
fsr-3337	61	10	average	average	ADJ
fsr-3337	61	11	returns	return	NOUN
fsr-3337	61	12	.	.	PUNCT
fsr-3337	62	1	the	the	DET
fsr-3337	62	2	risk	risk	NOUN
fsr-3337	62	3	of	of	ADP
fsr-3337	62	4	etfs	etfs	PROPN
fsr-3337	62	5	251s	251s	PROPN
fsr-3337	62	6	.	.	PUNCT
fsr-3337	63	1	kanuri	kanuri	PROPN
fsr-3337	63	2	,	,	PUNCT
fsr-3337	63	3	r.w	r.w	PROPN
fsr-3337	63	4	.	.	PROPN
fsr-3337	63	5	mcleod	mcleod	PROPN
fsr-3337	63	6	/	/	SYM
fsr-3337	63	7	financial	financial	ADJ
fsr-3337	63	8	services	service	NOUN
fsr-3337	63	9	review	review	VERB
fsr-3337	63	10	24	24	NUM
fsr-3337	63	11	(	(	PUNCT
fsr-3337	63	12	2015	2015	NUM
fsr-3337	63	13	)	)	PUNCT
fsr-3337	63	14	249–270	249–270	NUM
fsr-3337	63	15	is	be	AUX
fsr-3337	63	16	estimated	estimate	VERB
fsr-3337	63	17	as	as	ADP
fsr-3337	63	18	the	the	DET
fsr-3337	63	19	standard	standard	ADJ
fsr-3337	63	20	deviation	deviation	NOUN
fsr-3337	63	21	of	of	ADP
fsr-3337	63	22	returns	return	NOUN
fsr-3337	63	23	.	.	PUNCT
fsr-3337	64	1	as	as	SCONJ
fsr-3337	64	2	shown	show	VERB
fsr-3337	64	3	in	in	ADP
fsr-3337	64	4	table	table	NOUN
fsr-3337	64	5	2	2	NUM
fsr-3337	64	6	,	,	PUNCT
fsr-3337	64	7	on	on	ADP
fsr-3337	64	8	average	average	ADJ
fsr-3337	64	9	,	,	PUNCT
fsr-3337	64	10	u.s	u.s	PROPN
fsr-3337	64	11	.	.	PROPN
fsr-3337	64	12	etfs	etfs	PROPN
fsr-3337	64	13	and	and	CCONJ
fsr-3337	64	14	indices	index	NOUN
fsr-3337	64	15	have	have	VERB
fsr-3337	64	16	the	the	DET
fsr-3337	64	17	highest	high	ADJ
fsr-3337	64	18	average	average	ADJ
fsr-3337	64	19	monthly	monthly	ADJ
fsr-3337	64	20	returns	return	NOUN
fsr-3337	64	21	,	,	PUNCT
fsr-3337	64	22	whereas	whereas	SCONJ
fsr-3337	64	23	emerging	emerge	VERB
fsr-3337	64	24	(	(	PUNCT
fsr-3337	64	25	adre	adre	PROPN
fsr-3337	64	26	,	,	PUNCT
fsr-3337	64	27	eeb	eeb	PROPN
fsr-3337	64	28	,	,	PUNCT
fsr-3337	64	29	and	and	CCONJ
fsr-3337	64	30	bkf	bkf	NOUN
fsr-3337	64	31	)	)	PUNCT
fsr-3337	64	32	markets	market	VERB
fsr-3337	64	33	etfs	etfs	NOUN
fsr-3337	64	34	and	and	CCONJ
fsr-3337	64	35	benchmarks	benchmark	NOUN
fsr-3337	64	36	have	have	VERB
fsr-3337	64	37	the	the	DET
fsr-3337	64	38	lowest	low	ADJ
fsr-3337	64	39	returns	return	NOUN
fsr-3337	64	40	over	over	ADP
fsr-3337	64	41	the	the	DET
fsr-3337	64	42	entire	entire	ADJ
fsr-3337	64	43	period	period	NOUN
fsr-3337	64	44	.	.	PUNCT
fsr-3337	65	1	similarly	similarly	ADV
fsr-3337	65	2	,	,	PUNCT
fsr-3337	65	3	u.s	u.s	PROPN
fsr-3337	65	4	.	.	PROPN
fsr-3337	65	5	etfs	etfs	PROPN
fsr-3337	65	6	and	and	CCONJ
fsr-3337	65	7	indices	index	NOUN
fsr-3337	65	8	(	(	PUNCT
fsr-3337	65	9	with	with	ADP
fsr-3337	65	10	the	the	DET
fsr-3337	65	11	exception	exception	NOUN
fsr-3337	65	12	of	of	ADP
fsr-3337	65	13	qqq	qqq	NOUN
fsr-3337	65	14	and	and	CCONJ
fsr-3337	65	15	its	its	PRON
fsr-3337	65	16	benchmark	benchmark	ADJ
fsr-3337	65	17	nasdaq	nasdaq	PROPN
fsr-3337	65	18	100	100	NUM
fsr-3337	65	19	)	)	PUNCT
fsr-3337	65	20	have	have	VERB
fsr-3337	65	21	the	the	DET
fsr-3337	65	22	lowest	low	ADJ
fsr-3337	65	23	standard	standard	ADJ
fsr-3337	65	24	deviation	deviation	NOUN
fsr-3337	65	25	of	of	ADP
fsr-3337	65	26	returns	return	NOUN
fsr-3337	65	27	over	over	ADP
fsr-3337	65	28	the	the	DET
fsr-3337	65	29	entire	entire	ADJ
fsr-3337	65	30	period	period	NOUN
fsr-3337	65	31	,	,	PUNCT
fsr-3337	65	32	whereas	whereas	SCONJ
fsr-3337	65	33	emerging	emerge	VERB
fsr-3337	65	34	markets	market	NOUN
fsr-3337	65	35	etfs	etfs	PROPN
fsr-3337	65	36	have	have	VERB
fsr-3337	65	37	the	the	DET
fsr-3337	65	38	highest	high	ADJ
fsr-3337	65	39	standard	standard	ADJ
fsr-3337	65	40	deviation	deviation	NOUN
fsr-3337	65	41	of	of	ADP
fsr-3337	65	42	returns	return	NOUN
fsr-3337	65	43	over	over	ADP
fsr-3337	65	44	the	the	DET
fsr-3337	65	45	entire	entire	ADJ
fsr-3337	65	46	period	period	NOUN
fsr-3337	65	47	.	.	PUNCT
fsr-3337	66	1	3.1	3.1	NUM
fsr-3337	66	2	.	.	PUNCT
fsr-3337	66	3	sharpe	sharpe	PROPN
fsr-3337	66	4	,	,	PUNCT
fsr-3337	66	5	sortino	sortino	NOUN
fsr-3337	66	6	,	,	PUNCT
fsr-3337	66	7	and	and	CCONJ
fsr-3337	66	8	treynor	treynor	NOUN
fsr-3337	66	9	ratios	ratio	NOUN
fsr-3337	66	10	an	an	DET
fsr-3337	66	11	etf	etf	NOUN
fsr-3337	66	12	could	could	AUX
fsr-3337	66	13	have	have	VERB
fsr-3337	66	14	higher	high	ADJ
fsr-3337	66	15	returns	return	NOUN
fsr-3337	66	16	,	,	PUNCT
fsr-3337	66	17	but	but	CCONJ
fsr-3337	66	18	it	it	PRON
fsr-3337	66	19	could	could	AUX
fsr-3337	66	20	have	have	AUX
fsr-3337	66	21	done	do	VERB
fsr-3337	66	22	so	so	ADV
fsr-3337	66	23	by	by	ADP
fsr-3337	66	24	assuming	assume	VERB
fsr-3337	66	25	higher	high	ADJ
fsr-3337	66	26	risk	risk	NOUN
fsr-3337	66	27	.	.	PUNCT
fsr-3337	67	1	to	to	PART
fsr-3337	67	2	compare	compare	VERB
fsr-3337	67	3	risk	risk	NOUN
fsr-3337	67	4	adjusted	adjust	VERB
fsr-3337	67	5	returns	return	NOUN
fsr-3337	67	6	of	of	ADP
fsr-3337	67	7	etfs	etfs	PROPN
fsr-3337	67	8	over	over	ADP
fsr-3337	67	9	the	the	DET
fsr-3337	67	10	same	same	ADJ
fsr-3337	67	11	period	period	NOUN
fsr-3337	67	12	,	,	PUNCT
fsr-3337	67	13	sharpe	sharpe	NOUN
fsr-3337	67	14	,	,	PUNCT
fsr-3337	67	15	sortino	sortino	NOUN
fsr-3337	67	16	,	,	PUNCT
fsr-3337	67	17	and	and	CCONJ
fsr-3337	67	18	treynor	treynor	NOUN
fsr-3337	67	19	ratios	ratio	NOUN
fsr-3337	67	20	are	be	AUX
fsr-3337	67	21	used	use	VERB
fsr-3337	67	22	.	.	PUNCT
fsr-3337	68	1	these	these	DET
fsr-3337	68	2	measures	measure	NOUN
fsr-3337	68	3	have	have	AUX
fsr-3337	68	4	been	be	AUX
fsr-3337	68	5	widely	widely	ADV
fsr-3337	68	6	used	use	VERB
fsr-3337	68	7	in	in	ADP
fsr-3337	68	8	the	the	DET
fsr-3337	68	9	literature	literature	NOUN
fsr-3337	68	10	(	(	PUNCT
fsr-3337	68	11	e.g.	e.g.	ADV
fsr-3337	68	12	,	,	PUNCT
fsr-3337	68	13	harper	harper	NOUN
fsr-3337	68	14	,	,	PUNCT
fsr-3337	68	15	madura	madura	NOUN
fsr-3337	68	16	,	,	PUNCT
fsr-3337	68	17	and	and	CCONJ
fsr-3337	68	18	schnusenberg	schnusenberg	NOUN
fsr-3337	68	19	,	,	PUNCT
fsr-3337	68	20	2006	2006	NUM
fsr-3337	68	21	;	;	PUNCT
fsr-3337	68	22	rompotis	rompotis	PROPN
fsr-3337	68	23	,	,	PUNCT
fsr-3337	68	24	2009	2009	NUM
fsr-3337	68	25	,	,	PUNCT
fsr-3337	68	26	2010	2010	NUM
fsr-3337	68	27	)	)	PUNCT
fsr-3337	68	28	to	to	PART
fsr-3337	68	29	compare	compare	VERB
fsr-3337	68	30	etf	etf	NOUN
fsr-3337	68	31	performance	performance	NOUN
fsr-3337	68	32	.	.	PUNCT
fsr-3337	69	1	etfs	etfs	PROPN
fsr-3337	69	2	are	be	AUX
fsr-3337	69	3	ranked	rank	VERB
fsr-3337	69	4	in	in	ADP
fsr-3337	69	5	descending	descend	VERB
fsr-3337	69	6	order	order	NOUN
fsr-3337	69	7	(	(	PUNCT
fsr-3337	69	8	from	from	ADP
fsr-3337	69	9	best	good	ADJ
fsr-3337	69	10	to	to	PART
fsr-3337	69	11	worst	worst	ADV
fsr-3337	69	12	based	base	VERB
fsr-3337	69	13	on	on	ADP
fsr-3337	69	14	these	these	DET
fsr-3337	69	15	ratios	ratio	NOUN
fsr-3337	69	16	)	)	PUNCT
fsr-3337	69	17	for	for	ADP
fsr-3337	69	18	the	the	DET
fsr-3337	69	19	entire	entire	ADJ
fsr-3337	69	20	period	period	NOUN
fsr-3337	69	21	(	(	PUNCT
fsr-3337	69	22	january	january	PROPN
fsr-3337	69	23	2008	2008	NUM
fsr-3337	69	24	through	through	ADP
fsr-3337	69	25	june	june	PROPN
fsr-3337	69	26	2013	2013	NUM
fsr-3337	69	27	)	)	PUNCT
fsr-3337	69	28	.	.	PUNCT
fsr-3337	70	1	table	table	NOUN
fsr-3337	70	2	1a	1a	NOUN
fsr-3337	70	3	:	:	PUNCT
fsr-3337	70	4	this	this	DET
fsr-3337	70	5	table	table	NOUN
fsr-3337	70	6	shows	show	VERB
fsr-3337	70	7	the	the	DET
fsr-3337	70	8	etf	etf	NOUN
fsr-3337	70	9	,	,	PUNCT
fsr-3337	70	10	the	the	DET
fsr-3337	70	11	benchmark	benchmark	NOUN
fsr-3337	70	12	it	it	PRON
fsr-3337	70	13	follows	follow	VERB
fsr-3337	70	14	,	,	PUNCT
fsr-3337	70	15	the	the	DET
fsr-3337	70	16	inception	inception	NOUN
fsr-3337	70	17	date	date	NOUN
fsr-3337	70	18	and	and	CCONJ
fsr-3337	70	19	category	category	NOUN
fsr-3337	70	20	to	to	PART
fsr-3337	70	21	which	which	PRON
fsr-3337	70	22	it	it	PRON
fsr-3337	70	23	belongs	belong	VERB
fsr-3337	70	24	etf	etf	NOUN
fsr-3337	70	25	name	name	NOUN
fsr-3337	70	26	benchmark	benchmark	NOUN
fsr-3337	70	27	inception	inception	NOUN
fsr-3337	70	28	category	category	NOUN
fsr-3337	70	29	ivv	ivv	VERB
fsr-3337	70	30	ishares	ishares	PROPN
fsr-3337	70	31	core	core	PROPN
fsr-3337	70	32	s&p	s&p	PROPN
fsr-3337	70	33	500	500	NUM
fsr-3337	70	34	etf	etf	NOUN
fsr-3337	70	35	s&p	s&p	PROPN
fsr-3337	70	36	500	500	NUM
fsr-3337	70	37	tr	tr	NOUN
fsr-3337	70	38	usd	usd	PROPN
fsr-3337	70	39	5/15/2000	5/15/2000	NUM
fsr-3337	70	40	u.s	u.s	PROPN
fsr-3337	70	41	.	.	PROPN
fsr-3337	70	42	iwb	iwb	PROPN
fsr-3337	70	43	ishares	ishares	PROPN
fsr-3337	70	44	russell	russell	PROPN
fsr-3337	70	45	1000	1000	NUM
fsr-3337	70	46	index	index	NOUN
fsr-3337	70	47	russell	russell	NOUN
fsr-3337	70	48	1000	1000	NUM
fsr-3337	70	49	tr	tr	NOUN
fsr-3337	70	50	usd	usd	PROPN
fsr-3337	70	51	5/15/2000	5/15/2000	NUM
fsr-3337	70	52	u.s	u.s	PROPN
fsr-3337	70	53	.	.	PROPN
fsr-3337	70	54	iwv	iwv	PROPN
fsr-3337	70	55	ishares	ishares	PROPN
fsr-3337	70	56	russell	russell	PROPN
fsr-3337	70	57	3000	3000	NUM
fsr-3337	70	58	index	index	NOUN
fsr-3337	70	59	russell	russell	NOUN
fsr-3337	70	60	3000	3000	NUM
fsr-3337	70	61	tr	tr	NOUN
fsr-3337	70	62	usd	usd	PROPN
fsr-3337	70	63	5/22/2000	5/22/2000	NUM
fsr-3337	70	64	u.s	u.s	PROPN
fsr-3337	70	65	.	.	PROPN
fsr-3337	70	66	dia	dia	PROPN
fsr-3337	70	67	spdr	spdr	PROPN
fsr-3337	70	68	dow	dow	PROPN
fsr-3337	70	69	jones	jones	PROPN
fsr-3337	70	70	industrial	industrial	PROPN
fsr-3337	70	71	average	average	PROPN
fsr-3337	70	72	dj	dj	X
fsr-3337	70	73	industrial	industrial	ADJ
fsr-3337	70	74	average	average	ADJ
fsr-3337	70	75	tr	tr	PUNCT
fsr-3337	70	76	usd	usd	PROPN
fsr-3337	70	77	1/13/1998	1/13/1998	NUM
fsr-3337	70	78	u.s	u.s	PROPN
fsr-3337	70	79	.	.	PROPN
fsr-3337	70	80	iyy	iyy	PROPN
fsr-3337	70	81	ishares	ishares	PROPN
fsr-3337	70	82	dow	dow	PROPN
fsr-3337	70	83	jones	jones	PROPN
fsr-3337	70	84	u.s	u.s	PROPN
fsr-3337	70	85	.	.	PROPN
fsr-3337	70	86	index	index	NOUN
fsr-3337	70	87	dj	dj	VERB
fsr-3337	70	88	us	we	PRON
fsr-3337	70	89	tr	tr	NOUN
fsr-3337	70	90	usd	usd	NOUN
fsr-3337	70	91	6/12/2000	6/12/2000	NUM
fsr-3337	70	92	u.s	u.s	PROPN
fsr-3337	70	93	.	.	PROPN
fsr-3337	70	94	qqq	qqq	PROPN
fsr-3337	70	95	powershares	powershares	PROPN
fsr-3337	70	96	qqq	qqq	PROPN
fsr-3337	70	97	nasdaq	nasdaq	PROPN
fsr-3337	70	98	100	100	NUM
fsr-3337	70	99	tr	tr	NOUN
fsr-3337	70	100	usd	usd	PROPN
fsr-3337	70	101	3/10/1999	3/10/1999	NUM
fsr-3337	70	102	u.s	u.s	PROPN
fsr-3337	70	103	.	.	PROPN
fsr-3337	70	104	dew	dew	NOUN
fsr-3337	70	105	wisdomtree	wisdomtree	VERB
fsr-3337	70	106	global	global	ADJ
fsr-3337	70	107	equity	equity	NOUN
fsr-3337	70	108	income	income	NOUN
fsr-3337	70	109	wisdomtree	wisdomtree	VERB
fsr-3337	70	110	global	global	ADJ
fsr-3337	70	111	equity	equity	NOUN
fsr-3337	70	112	income	income	NOUN
fsr-3337	70	113	tr	tr	NOUN
fsr-3337	70	114	usd	usd	NOUN
fsr-3337	70	115	6/16/2006	6/16/2006	NUM
fsr-3337	70	116	total	total	ADJ
fsr-3337	70	117	world	world	NOUN
fsr-3337	70	118	dgt	dgt	PROPN
fsr-3337	70	119	spdr	spdr	PROPN
fsr-3337	70	120	global	global	PROPN
fsr-3337	70	121	dow	dow	PROPN
fsr-3337	70	122	etf	etf	PROPN
fsr-3337	70	123	dj	dj	NOUN
fsr-3337	70	124	global	global	ADJ
fsr-3337	70	125	tr	tr	PUNCT
fsr-3337	70	126	usd	usd	NOUN
fsr-3337	70	127	9/25/2000	9/25/2000	NUM
fsr-3337	70	128	total	total	NOUN
fsr-3337	70	129	world	world	NOUN
fsr-3337	70	130	ioo	ioo	ADJ
fsr-3337	70	131	ishares	ishare	NOUN
fsr-3337	70	132	s&p	s&p	PROPN
fsr-3337	70	133	global	global	ADJ
fsr-3337	70	134	100	100	NUM
fsr-3337	70	135	index	index	NOUN
fsr-3337	70	136	s&p	s&p	PROPN
fsr-3337	70	137	global	global	ADJ
fsr-3337	70	138	100	100	NUM
fsr-3337	70	139	tr	tr	NOUN
fsr-3337	70	140	12/5/2000	12/5/2000	NUM
fsr-3337	70	141	total	total	ADJ
fsr-3337	70	142	world	world	NOUN
fsr-3337	70	143	fgd	fgd	PROPN
fsr-3337	70	144	first	first	PROPN
fsr-3337	70	145	trust	trust	PROPN
fsr-3337	70	146	dj	dj	X
fsr-3337	70	147	global	global	ADJ
fsr-3337	70	148	select	select	ADJ
fsr-3337	70	149	dividend	dividend	NOUN
fsr-3337	70	150	dj	dj	X
fsr-3337	70	151	global	global	ADJ
fsr-3337	70	152	select	select	ADJ
fsr-3337	70	153	dividend	dividend	NOUN
fsr-3337	70	154	tr	tr	VERB
fsr-3337	70	155	usd	usd	NOUN
fsr-3337	70	156	11/21/2007	11/21/2007	NUM
fsr-3337	70	157	total	total	ADJ
fsr-3337	70	158	world	world	NOUN
fsr-3337	70	159	lvl	lvl	PROPN
fsr-3337	70	160	guggenheim	guggenheim	PROPN
fsr-3337	70	161	s&p	s&p	PROPN
fsr-3337	70	162	global	global	ADJ
fsr-3337	70	163	dividend	dividend	NOUN
fsr-3337	70	164	opps	opps	PROPN
fsr-3337	70	165	idx	idx	VERB
fsr-3337	70	166	s&p	s&p	PROPN
fsr-3337	70	167	global	global	ADJ
fsr-3337	70	168	dividend	dividend	NOUN
fsr-3337	70	169	opport	opport	PROPN
fsr-3337	70	170	nr	nr	PROPN
fsr-3337	70	171	usd	usd	PROPN
fsr-3337	70	172	6/25/2007	6/25/2007	NUM
fsr-3337	70	173	total	total	ADJ
fsr-3337	70	174	world	world	PROPN
fsr-3337	70	175	tok	tok	PROPN
fsr-3337	70	176	ishares	ishares	PROPN
fsr-3337	70	177	msci	msci	PROPN
fsr-3337	70	178	kokusai	kokusai	VERB
fsr-3337	70	179	msci	msci	PROPN
fsr-3337	70	180	kokusai	kokusai	VERB
fsr-3337	70	181	tr	tr	NOUN
fsr-3337	71	1	usd	usd	NOUN
fsr-3337	71	2	12/10/2007	12/10/2007	NUM
fsr-3337	71	3	total	total	ADJ
fsr-3337	71	4	world	world	NOUN
fsr-3337	71	5	cwi	cwi	PROPN
fsr-3337	71	6	spdr	spdr	PROPN
fsr-3337	71	7	msci	msci	PROPN
fsr-3337	71	8	acwi	acwi	VERB
fsr-3337	71	9	(	(	PUNCT
fsr-3337	71	10	ex	ex	NOUN
fsr-3337	71	11	-	-	NOUN
fsr-3337	71	12	us	we	PRON
fsr-3337	71	13	)	)	PUNCT
fsr-3337	71	14	msci	msci	PROPN
fsr-3337	71	15	acwi	acwi	VERB
fsr-3337	71	16	ex	ex	PRON
fsr-3337	71	17	usa	usa	PROPN
fsr-3337	71	18	gr	gr	PROPN
fsr-3337	71	19	usd	usd	PROPN
fsr-3337	71	20	1/10/2007	1/10/2007	NUM
fsr-3337	71	21	total	total	ADJ
fsr-3337	71	22	world	world	NOUN
fsr-3337	71	23	ex	ex	X
fsr-3337	72	1	us	us	PROPN
fsr-3337	73	1	dnl	dnl	PROPN
fsr-3337	73	2	wisdomtree	wisdomtree	VERB
fsr-3337	73	3	global	global	ADJ
fsr-3337	73	4	ex	ex	PROPN
fsr-3337	73	5	-	-	NOUN
fsr-3337	73	6	us	us	PROPN
fsr-3337	73	7	growth	growth	NOUN
fsr-3337	73	8	wisdomtree	wisdomtree	VERB
fsr-3337	73	9	global	global	ADJ
fsr-3337	73	10	ex	ex	PUNCT
fsr-3337	73	11	us	us	PROPN
fsr-3337	73	12	growth	growth	NOUN
fsr-3337	73	13	tr	tr	VERB
fsr-3337	73	14	usd	usd	NOUN
fsr-3337	73	15	6/16/2006	6/16/2006	NUM
fsr-3337	73	16	total	total	ADJ
fsr-3337	73	17	world	world	NOUN
fsr-3337	73	18	ex	ex	PROPN
fsr-3337	73	19	u.s	u.s	PROPN
fsr-3337	73	20	.	.	PROPN
fsr-3337	73	21	gwl	gwl	PROPN
fsr-3337	73	22	spdr	spdr	PROPN
fsr-3337	73	23	s&p	s&p	PROPN
fsr-3337	73	24	world	world	PROPN
fsr-3337	73	25	ex	ex	PROPN
fsr-3337	73	26	-	-	ADJ
fsr-3337	73	27	us	us	PROPN
fsr-3337	73	28	s&p	s&p	PROPN
fsr-3337	73	29	developed	develop	VERB
fsr-3337	73	30	ex	ex	PRON
fsr-3337	73	31	us	us	PROPN
fsr-3337	73	32	bmi	bmi	VERB
fsr-3337	73	33	tr	tr	VERB
fsr-3337	73	34	usd	usd	NOUN
fsr-3337	73	35	4/20/2007	4/20/2007	NUM
fsr-3337	73	36	total	total	ADJ
fsr-3337	73	37	world	world	NOUN
fsr-3337	73	38	ex	ex	PROPN
fsr-3337	73	39	u.s	u.s	PROPN
fsr-3337	73	40	.	.	PROPN
fsr-3337	73	41	veu	veu	PROPN
fsr-3337	73	42	vanguard	vanguard	PROPN
fsr-3337	73	43	ftse	ftse	PROPN
fsr-3337	73	44	all	all	PROPN
fsr-3337	73	45	-	-	PUNCT
fsr-3337	73	46	world	world	NOUN
fsr-3337	73	47	ex	ex	PROPN
fsr-3337	73	48	-	-	PROPN
fsr-3337	73	49	us	we	PRON
fsr-3337	73	50	etf	etf	NOUN
fsr-3337	73	51	ftse	ftse	PROPN
fsr-3337	74	1	aw	aw	INTJ
fsr-3337	74	2	ex	ex	INTJ
fsr-3337	74	3	us	we	PRON
fsr-3337	74	4	tr	tr	ADV
fsr-3337	74	5	usd	usd	NOUN
fsr-3337	74	6	3/2/2007	3/2/2007	NUM
fsr-3337	74	7	total	total	ADJ
fsr-3337	74	8	world	world	NOUN
fsr-3337	74	9	ex	ex	PROPN
fsr-3337	74	10	u.s	u.s	PROPN
fsr-3337	74	11	.	.	PROPN
fsr-3337	74	12	adrd	adrd	PROPN
fsr-3337	74	13	bldrs	bldr	VERB
fsr-3337	74	14	developed	develop	VERB
fsr-3337	74	15	markets	market	NOUN
fsr-3337	74	16	100	100	NUM
fsr-3337	74	17	adr	adr	PROPN
fsr-3337	74	18	index	index	NOUN
fsr-3337	74	19	bony	bony	NOUN
fsr-3337	74	20	developed	develop	VERB
fsr-3337	74	21	markets	market	NOUN
fsr-3337	74	22	100	100	NUM
fsr-3337	74	23	adr	adr	PROPN
fsr-3337	74	24	tr	tr	VERB
fsr-3337	74	25	usd	usd	NOUN
fsr-3337	74	26	11/13/2002	11/13/2002	NUM
fsr-3337	74	27	developed	develop	VERB
fsr-3337	74	28	dol	dol	NOUN
fsr-3337	74	29	wisdomtree	wisdomtree	VERB
fsr-3337	74	30	international	international	ADJ
fsr-3337	74	31	largecap	largecap	NOUN
fsr-3337	74	32	div	div	PROPN
fsr-3337	74	33	wisdomtree	wisdomtree	VERB
fsr-3337	74	34	intl	intl	PROPN
fsr-3337	74	35	largecap	largecap	NOUN
fsr-3337	74	36	dividend	dividend	NOUN
fsr-3337	74	37	tr	tr	VERB
fsr-3337	74	38	usd	usd	NOUN
fsr-3337	74	39	6/16/2006	6/16/2006	NUM
fsr-3337	74	40	developed	develop	VERB
fsr-3337	74	41	doo	doo	NOUN
fsr-3337	74	42	wisdomtree	wisdomtree	VERB
fsr-3337	74	43	international	international	ADJ
fsr-3337	74	44	div	div	X
fsr-3337	74	45	ex	ex	NOUN
fsr-3337	74	46	-	-	NOUN
fsr-3337	74	47	finncls	finncls	NOUN
fsr-3337	74	48	wisdomtree	wisdomtree	VERB
fsr-3337	74	49	intl	intl	PROPN
fsr-3337	74	50	dividend	dividend	VERB
fsr-3337	74	51	ex	ex	X
fsr-3337	74	52	fincl	fincl	NOUN
fsr-3337	74	53	tr	tr	PUNCT
fsr-3337	74	54	usd	usd	NOUN
fsr-3337	74	55	6/16/2006	6/16/2006	NUM
fsr-3337	75	1	developed	develop	VERB
fsr-3337	75	2	dth	dth	ADJ
fsr-3337	75	3	wisdomtree	wisdomtree	ADJ
fsr-3337	75	4	defa	defa	PROPN
fsr-3337	75	5	equity	equity	NOUN
fsr-3337	75	6	income	income	PROPN
fsr-3337	75	7	wisdomtree	wisdomtree	VERB
fsr-3337	75	8	defa	defa	PROPN
fsr-3337	75	9	equity	equity	NOUN
fsr-3337	75	10	income	income	NOUN
fsr-3337	75	11	tr	tr	NOUN
fsr-3337	75	12	usd	usd	NOUN
fsr-3337	75	13	6/16/2006	6/16/2006	NUM
fsr-3337	76	1	developed	develop	VERB
fsr-3337	76	2	dwm	dwm	NOUN
fsr-3337	77	1	wisdomtree	wisdomtree	VERB
fsr-3337	77	2	defa	defa	PROPN
fsr-3337	77	3	wisdomtree	wisdomtree	VERB
fsr-3337	77	4	defa	defa	PROPN
fsr-3337	77	5	tr	tr	PROPN
fsr-3337	77	6	usd	usd	NOUN
fsr-3337	77	7	6/16/2006	6/16/2006	NUM
fsr-3337	77	8	developed	develop	VERB
fsr-3337	77	9	efa	efa	PROPN
fsr-3337	77	10	ishares	ishares	PROPN
fsr-3337	77	11	msci	msci	PROPN
fsr-3337	77	12	eafe	eafe	PROPN
fsr-3337	77	13	msci	msci	PROPN
fsr-3337	78	1	eafe	eafe	PROPN
fsr-3337	79	1	nr	nr	PROPN
fsr-3337	80	1	usd	usd	PROPN
fsr-3337	80	2	8/14/2001	8/14/2001	NUM
fsr-3337	80	3	developed	develop	VERB
fsr-3337	80	4	idv	idv	PROPN
fsr-3337	80	5	ishares	ishares	PROPN
fsr-3337	80	6	dow	dow	PROPN
fsr-3337	80	7	jones	jones	PROPN
fsr-3337	80	8	intl	intl	PROPN
fsr-3337	80	9	select	select	PROPN
fsr-3337	80	10	div	div	PROPN
fsr-3337	80	11	idx	idx	NOUN
fsr-3337	80	12	dj	dj	X
fsr-3337	80	13	epac	epac	ADJ
fsr-3337	80	14	select	select	ADJ
fsr-3337	80	15	dividend	dividend	NOUN
fsr-3337	80	16	tr	tr	VERB
fsr-3337	80	17	usd	usd	NOUN
fsr-3337	80	18	6/11/2007	6/11/2007	NUM
fsr-3337	80	19	developed	develop	VERB
fsr-3337	80	20	piz	piz	PROPN
fsr-3337	80	21	powershares	powershare	NOUN
fsr-3337	80	22	dwa	dwa	VERB
fsr-3337	80	23	dev	dev	PROPN
fsr-3337	80	24	mkts	mkts	NOUN
fsr-3337	80	25	technical	technical	ADJ
fsr-3337	80	26	ldrs	ldrs	PROPN
fsr-3337	80	27	dorsey	dorsey	PROPN
fsr-3337	80	28	wright	wright	PROPN
fsr-3337	80	29	dev	dev	PROPN
fsr-3337	80	30	mrkt	mrkt	VERB
fsr-3337	80	31	tech	tech	NOUN
fsr-3337	80	32	ldrs	ldr	NOUN
fsr-3337	80	33	nr	nr	INTJ
fsr-3337	80	34	usd	usd	PROPN
fsr-3337	80	35	12/28/2007	12/28/2007	NUM
fsr-3337	80	36	developed	develop	VERB
fsr-3337	80	37	pxf	pxf	NOUN
fsr-3337	80	38	powershares	powershare	NOUN
fsr-3337	80	39	ftse	ftse	PROPN
fsr-3337	80	40	rafi	rafi	PROPN
fsr-3337	80	41	dev	dev	PROPN
fsr-3337	80	42	mkts	mkts	NOUN
fsr-3337	80	43	ex	ex	NOUN
fsr-3337	80	44	-	-	PROPN
fsr-3337	80	45	us	we	PRON
fsr-3337	80	46	ftse	ftse	PROPN
fsr-3337	80	47	rafi	rafi	PROPN
fsr-3337	80	48	dvlp	dvlp	PROPN
fsr-3337	80	49	ex	ex	PRON
fsr-3337	80	50	us	us	PROPN
fsr-3337	80	51	1000	1000	NUM
fsr-3337	80	52	tr	tr	NOUN
fsr-3337	80	53	usd	usd	NOUN
fsr-3337	80	54	6/25/2007	6/25/2007	NUM
fsr-3337	80	55	developed	develop	VERB
fsr-3337	80	56	vea	vea	PROPN
fsr-3337	80	57	vanguard	vanguard	PROPN
fsr-3337	80	58	ftse	ftse	PROPN
fsr-3337	80	59	developed	develop	VERB
fsr-3337	80	60	markets	market	NOUN
fsr-3337	80	61	etf	etf	NOUN
fsr-3337	80	62	ftse	ftse	PROPN
fsr-3337	80	63	developed	develop	VERB
fsr-3337	80	64	ex	ex	PRON
fsr-3337	80	65	north	north	PROPN
fsr-3337	80	66	america	america	PROPN
fsr-3337	80	67	nr	nr	PROPN
fsr-3337	80	68	usd	usd	PROPN
fsr-3337	80	69	7/20/2007	7/20/2007	NUM
fsr-3337	80	70	developed	develop	VERB
fsr-3337	80	71	adre	adre	NOUN
fsr-3337	80	72	bldrs	bldr	VERB
fsr-3337	80	73	emerging	emerge	VERB
fsr-3337	80	74	markets	market	NOUN
fsr-3337	80	75	50	50	NUM
fsr-3337	80	76	adr	adr	PROPN
fsr-3337	80	77	index	index	NOUN
fsr-3337	80	78	bony	bony	NOUN
fsr-3337	80	79	emerging	emerge	VERB
fsr-3337	80	80	markets	market	NOUN
fsr-3337	80	81	50	50	NUM
fsr-3337	80	82	adr	adr	PROPN
fsr-3337	81	1	tr	tr	VERB
fsr-3337	81	2	usd	usd	NOUN
fsr-3337	81	3	11/13/2002	11/13/2002	NUM
fsr-3337	81	4	emerging	emerge	VERB
fsr-3337	81	5	bik	bik	PROPN
fsr-3337	81	6	spdr	spdr	PROPN
fsr-3337	81	7	s&p	s&p	PROPN
fsr-3337	81	8	bric	bric	PROPN
fsr-3337	81	9	40	40	NUM
fsr-3337	81	10	s&p	s&p	PROPN
fsr-3337	81	11	bric	bric	NOUN
fsr-3337	81	12	40	40	NUM
fsr-3337	81	13	tr	tr	NOUN
fsr-3337	81	14	6/19/2007	6/19/2007	NUM
fsr-3337	81	15	emerging	emerge	VERB
fsr-3337	81	16	bkf	bkf	NOUN
fsr-3337	81	17	ishares	ishares	PROPN
fsr-3337	81	18	msci	msci	PROPN
fsr-3337	81	19	bric	bric	PROPN
fsr-3337	81	20	msci	msci	PROPN
fsr-3337	81	21	bric	bric	PROPN
fsr-3337	81	22	nr	nr	PROPN
fsr-3337	81	23	usd	usd	PROPN
fsr-3337	81	24	11/12/2007	11/12/2007	NUM
fsr-3337	81	25	emerging	emerge	VERB
fsr-3337	81	26	dem	dem	NOUN
fsr-3337	81	27	wisdomtree	wisdomtree	ADJ
fsr-3337	81	28	emerging	emerge	VERB
fsr-3337	81	29	markets	market	NOUN
fsr-3337	81	30	equity	equity	PROPN
fsr-3337	81	31	inc	inc	PROPN
fsr-3337	81	32	wisdomtree	wisdomtree	VERB
fsr-3337	81	33	em	em	PRON
fsr-3337	81	34	equity	equity	NOUN
fsr-3337	81	35	income	income	NOUN
fsr-3337	81	36	tr	tr	NOUN
fsr-3337	81	37	usd	usd	NOUN
fsr-3337	81	38	7/13/2007	7/13/2007	NUM
fsr-3337	81	39	emerging	emerge	VERB
fsr-3337	81	40	eeb	eeb	PROPN
fsr-3337	81	41	guggenheim	guggenheim	PROPN
fsr-3337	81	42	bric	bric	PROPN
fsr-3337	81	43	bny	bny	PROPN
fsr-3337	81	44	/	/	SYM
fsr-3337	81	45	mellon	mellon	PROPN
fsr-3337	81	46	bric	bric	PROPN
fsr-3337	81	47	tr	tr	PROPN
fsr-3337	81	48	usd	usd	PROPN
fsr-3337	81	49	9/21/2006	9/21/2006	NUM
fsr-3337	81	50	emerging	emerge	VERB
fsr-3337	81	51	eem	eem	PROPN
fsr-3337	81	52	ishares	ishares	PROPN
fsr-3337	81	53	msci	msci	PROPN
fsr-3337	81	54	emerging	emerge	VERB
fsr-3337	81	55	markets	market	NOUN
fsr-3337	82	1	msci	msci	VERB
fsr-3337	82	2	em	em	PRON
fsr-3337	82	3	nr	nr	PROPN
fsr-3337	82	4	usd	usd	PROPN
fsr-3337	82	5	4/7/2003	4/7/2003	PROPN
fsr-3337	82	6	emerging	emerge	VERB
fsr-3337	82	7	gmm	gmm	PROPN
fsr-3337	82	8	spdr	spdr	PROPN
fsr-3337	82	9	s&p	s&p	PROPN
fsr-3337	82	10	emerging	emerge	VERB
fsr-3337	82	11	markets	market	NOUN
fsr-3337	82	12	s&p	s&p	PROPN
fsr-3337	82	13	emerging	emerge	VERB
fsr-3337	82	14	bmi	bmi	NOUN
fsr-3337	82	15	tr	tr	VERB
fsr-3337	82	16	usd	usd	NOUN
fsr-3337	82	17	3/19/2007	3/19/2007	NUM
fsr-3337	82	18	emerging	emerge	VERB
fsr-3337	82	19	pie	pie	NOUN
fsr-3337	82	20	powershares	powershare	NOUN
fsr-3337	82	21	dwa	dwa	VERB
fsr-3337	82	22	em	em	PRON
fsr-3337	82	23	mkts	mkts	NOUN
fsr-3337	82	24	technical	technical	ADJ
fsr-3337	82	25	ldrs	ldrs	PROPN
fsr-3337	82	26	dorsey	dorsey	PROPN
fsr-3337	82	27	wright	wright	PROPN
fsr-3337	83	1	em	em	PRON
fsr-3337	83	2	mrkt	mrkt	ADJ
fsr-3337	83	3	tech	tech	NOUN
fsr-3337	83	4	ldrs	ldr	NOUN
fsr-3337	83	5	nr	nr	INTJ
fsr-3337	83	6	usd	usd	NOUN
fsr-3337	83	7	12/28/2007	12/28/2007	NUM
fsr-3337	83	8	emerging	emerge	VERB
fsr-3337	83	9	pxh	pxh	NOUN
fsr-3337	83	10	powershares	powershare	NOUN
fsr-3337	83	11	ftse	ftse	PROPN
fsr-3337	83	12	rafi	rafi	PROPN
fsr-3337	83	13	emerging	emerge	VERB
fsr-3337	83	14	markets	market	NOUN
fsr-3337	83	15	ftse	ftse	VERB
fsr-3337	83	16	rafi	rafi	PROPN
fsr-3337	83	17	emerging	emerge	VERB
fsr-3337	83	18	tr	tr	PUNCT
fsr-3337	83	19	usd	usd	NOUN
fsr-3337	83	20	9/27/2007	9/27/2007	NUM
fsr-3337	83	21	emerging	emerge	VERB
fsr-3337	83	22	vwo	vwo	PROPN
fsr-3337	83	23	vanguard	vanguard	PROPN
fsr-3337	83	24	ftse	ftse	PROPN
fsr-3337	83	25	emerging	emerge	VERB
fsr-3337	83	26	markets	market	NOUN
fsr-3337	83	27	etf	etf	NOUN
fsr-3337	83	28	ftse	ftse	NOUN
fsr-3337	83	29	emerging	emerge	VERB
fsr-3337	83	30	tr	tr	VERB
fsr-3337	83	31	usd	usd	NOUN
fsr-3337	83	32	3/4/2005	3/4/2005	NUM
fsr-3337	83	33	emerging	emerge	VERB
fsr-3337	83	34	252	252	NUM
fsr-3337	83	35	s.	s.	PROPN
fsr-3337	83	36	kanuri	kanuri	PROPN
fsr-3337	83	37	,	,	PUNCT
fsr-3337	83	38	r.w	r.w	PROPN
fsr-3337	83	39	.	.	PROPN
fsr-3337	83	40	mcleod	mcleod	PROPN
fsr-3337	83	41	/	/	SYM
fsr-3337	83	42	financial	financial	ADJ
fsr-3337	83	43	services	service	NOUN
fsr-3337	83	44	review	review	VERB
fsr-3337	83	45	24	24	NUM
fsr-3337	83	46	(	(	PUNCT
fsr-3337	83	47	2015	2015	NUM
fsr-3337	83	48	)	)	PUNCT
fsr-3337	83	49	249–270	249–270	NUM
fsr-3337	83	50	sharpe	sharpe	NOUN
fsr-3337	83	51	ratio	ratio	NOUN
fsr-3337	83	52	is	be	AUX
fsr-3337	83	53	calculated	calculate	VERB
fsr-3337	83	54	as	as	ADP
fsr-3337	83	55	:	:	PUNCT
fsr-3337	83	56	sr	sr	PROPN
fsr-3337	83	57	�	�	PROPN
fsr-3337	83	58	�	�	PROPN
fsr-3337	83	59	retf	retf	NOUN
fsr-3337	83	60	�	�	PROPN
fsr-3337	83	61	rf	rf	NOUN
fsr-3337	83	62	�	�	PROPN
fsr-3337	83	63	/	/	SYM
fsr-3337	83	64	�	�	NOUN
fsr-3337	83	65	etf	etf	NOUN
fsr-3337	83	66	(	(	PUNCT
fsr-3337	83	67	1	1	NUM
fsr-3337	83	68	)	)	PUNCT
fsr-3337	83	69	where	where	SCONJ
fsr-3337	83	70	retf	retf	NOUN
fsr-3337	83	71	denotes	denote	VERB
fsr-3337	83	72	the	the	DET
fsr-3337	83	73	monthly	monthly	ADJ
fsr-3337	83	74	returns	return	NOUN
fsr-3337	83	75	on	on	ADP
fsr-3337	83	76	the	the	DET
fsr-3337	83	77	etf	etf	NOUN
fsr-3337	83	78	,	,	PUNCT
fsr-3337	83	79	rf	rf	ADJ
fsr-3337	83	80	is	be	AUX
fsr-3337	83	81	the	the	DET
fsr-3337	83	82	monthly	monthly	ADJ
fsr-3337	83	83	risk	risk	NOUN
fsr-3337	83	84	free	free	ADJ
fsr-3337	83	85	rate	rate	NOUN
fsr-3337	83	86	,	,	PUNCT
fsr-3337	83	87	�	�	PROPN
fsr-3337	83	88	etf	etf	NOUN
fsr-3337	83	89	is	be	AUX
fsr-3337	83	90	the	the	DET
fsr-3337	83	91	standard	standard	ADJ
fsr-3337	83	92	deviation	deviation	NOUN
fsr-3337	83	93	of	of	ADP
fsr-3337	83	94	monthly	monthly	ADJ
fsr-3337	83	95	etf	etf	NOUN
fsr-3337	83	96	returns	return	NOUN
fsr-3337	83	97	.	.	PUNCT
fsr-3337	84	1	table	table	NOUN
fsr-3337	84	2	1b	1b	NUM
fsr-3337	84	3	:	:	PUNCT
fsr-3337	84	4	shows	show	VERB
fsr-3337	84	5	average	average	ADJ
fsr-3337	84	6	annual	annual	ADJ
fsr-3337	84	7	net	net	ADJ
fsr-3337	84	8	expense	expense	NOUN
fsr-3337	84	9	and	and	CCONJ
fsr-3337	84	10	turnover	turnover	NOUN
fsr-3337	84	11	ratios	ratio	NOUN
fsr-3337	84	12	from	from	ADP
fsr-3337	84	13	2008	2008	NUM
fsr-3337	84	14	to	to	ADP
fsr-3337	84	15	2013	2013	NUM
fsr-3337	84	16	and	and	CCONJ
fsr-3337	84	17	assets	asset	NOUN
fsr-3337	84	18	at	at	ADP
fsr-3337	84	19	the	the	DET
fsr-3337	84	20	end	end	NOUN
fsr-3337	84	21	of	of	ADP
fsr-3337	84	22	june	june	PROPN
fsr-3337	84	23	2013	2013	NUM
fsr-3337	84	24	etf	etf	PROPN
fsr-3337	84	25	average	average	ADJ
fsr-3337	84	26	annual	annual	ADJ
fsr-3337	84	27	net	net	ADJ
fsr-3337	84	28	expense	expense	NOUN
fsr-3337	84	29	ratio	ratio	NOUN
fsr-3337	84	30	2008–2013	2008–2013	NUM
fsr-3337	84	31	average	average	ADJ
fsr-3337	84	32	annual	annual	ADJ
fsr-3337	84	33	turnover	turnover	NOUN
fsr-3337	84	34	ratio	ratio	NOUN
fsr-3337	84	35	2008–2013	2008–2013	NUM
fsr-3337	84	36	assets	asset	NOUN
fsr-3337	84	37	$	$	NUM
fsr-3337	84	38	(	(	PUNCT
fsr-3337	84	39	june	june	PROPN
fsr-3337	84	40	2013	2013	NUM
fsr-3337	84	41	)	)	PUNCT
fsr-3337	84	42	category	category	NOUN
fsr-3337	84	43	ivv	ivv	VERB
fsr-3337	84	44	0.09	0.09	NUM
fsr-3337	84	45	%	%	NOUN
fsr-3337	84	46	5.33	5.33	NUM
fsr-3337	84	47	%	%	NOUN
fsr-3337	84	48	42,573,234,908	42,573,234,908	NUM
fsr-3337	84	49	u.s	u.s	PROPN
fsr-3337	84	50	.	.	PROPN
fsr-3337	84	51	iwb	iwb	PROPN
fsr-3337	84	52	0.15	0.15	NUM
fsr-3337	84	53	%	%	NOUN
fsr-3337	84	54	6.67	6.67	NUM
fsr-3337	84	55	%	%	NOUN
fsr-3337	84	56	7,686,737,763	7,686,737,763	PROPN
fsr-3337	85	1	u.s	u.s	PROPN
fsr-3337	85	2	.	.	PROPN
fsr-3337	85	3	iwv	iwv	PROPN
fsr-3337	85	4	0.20	0.20	NUM
fsr-3337	85	5	%	%	NOUN
fsr-3337	85	6	6.33	6.33	NUM
fsr-3337	85	7	%	%	NOUN
fsr-3337	85	8	4,287,062,577	4,287,062,577	PROPN
fsr-3337	85	9	u.s	u.s	PROPN
fsr-3337	85	10	.	.	PROPN
fsr-3337	85	11	iyy	iyy	VERB
fsr-3337	85	12	0.20	0.20	NUM
fsr-3337	85	13	%	%	NOUN
fsr-3337	85	14	5.67	5.67	NUM
fsr-3337	85	15	%	%	NOUN
fsr-3337	85	16	715,567,400	715,567,400	NUM
fsr-3337	85	17	u.s	u.s	PROPN
fsr-3337	85	18	.	.	PROPN
fsr-3337	85	19	dia	dia	PROPN
fsr-3337	85	20	0.17	0.17	NUM
fsr-3337	85	21	%	%	NOUN
fsr-3337	85	22	6.72	6.72	NUM
fsr-3337	85	23	%	%	NOUN
fsr-3337	85	24	12,568,816,144	12,568,816,144	NUM
fsr-3337	85	25	u.s	u.s	PROPN
fsr-3337	85	26	.	.	PROPN
fsr-3337	85	27	qqq	qqq	PROPN
fsr-3337	85	28	0.20	0.20	NUM
fsr-3337	85	29	%	%	NOUN
fsr-3337	85	30	12.19	12.19	NUM
fsr-3337	85	31	%	%	NOUN
fsr-3337	85	32	33,645,121,238	33,645,121,238	NUM
fsr-3337	85	33	u.s	u.s	PROPN
fsr-3337	85	34	.	.	PROPN
fsr-3337	85	35	dew	dew	NOUN
fsr-3337	85	36	0.53	0.53	NUM
fsr-3337	85	37	%	%	NOUN
fsr-3337	85	38	42.33	42.33	NUM
fsr-3337	85	39	%	%	NOUN
fsr-3337	85	40	98,284,717	98,284,717	NUM
fsr-3337	85	41	total	total	ADJ
fsr-3337	85	42	world	world	NOUN
fsr-3337	85	43	dgt	dgt	PROPN
fsr-3337	85	44	0.51	0.51	NUM
fsr-3337	85	45	%	%	NOUN
fsr-3337	85	46	27.17	27.17	NUM
fsr-3337	85	47	%	%	NOUN
fsr-3337	85	48	88,219,982	88,219,982	NUM
fsr-3337	85	49	total	total	ADJ
fsr-3337	85	50	world	world	NOUN
fsr-3337	85	51	ioo	ioo	VERB
fsr-3337	85	52	0.40	0.40	NUM
fsr-3337	85	53	%	%	NOUN
fsr-3337	85	54	5.67	5.67	NUM
fsr-3337	85	55	%	%	NOUN
fsr-3337	85	56	1,256,399,204	1,256,399,204	NUM
fsr-3337	85	57	total	total	NOUN
fsr-3337	85	58	world	world	NOUN
fsr-3337	85	59	fgd	fgd	PROPN
fsr-3337	85	60	0.60	0.60	NUM
fsr-3337	85	61	%	%	NOUN
fsr-3337	85	62	36.83	36.83	NUM
fsr-3337	85	63	%	%	NOUN
fsr-3337	85	64	311,450,253	311,450,253	NUM
fsr-3337	85	65	total	total	ADJ
fsr-3337	85	66	world	world	NOUN
fsr-3337	85	67	lvl	lvl	NOUN
fsr-3337	85	68	0.80	0.80	NUM
fsr-3337	85	69	%	%	NOUN
fsr-3337	85	70	82.67	82.67	NUM
fsr-3337	85	71	%	%	NOUN
fsr-3337	85	72	72,989,199	72,989,199	NUM
fsr-3337	85	73	total	total	ADJ
fsr-3337	85	74	world	world	NOUN
fsr-3337	85	75	tok	tok	NOUN
fsr-3337	85	76	0.25	0.25	NUM
fsr-3337	85	77	%	%	NOUN
fsr-3337	85	78	5.67	5.67	NUM
fsr-3337	85	79	%	%	NOUN
fsr-3337	85	80	576,636,913	576,636,913	NUM
fsr-3337	85	81	total	total	ADJ
fsr-3337	85	82	world	world	NOUN
fsr-3337	85	83	cwi	cwi	NOUN
fsr-3337	85	84	0.34	0.34	NUM
fsr-3337	85	85	%	%	NOUN
fsr-3337	85	86	6.17	6.17	NUM
fsr-3337	85	87	%	%	NOUN
fsr-3337	85	88	416,858,949	416,858,949	NUM
fsr-3337	85	89	total	total	ADJ
fsr-3337	85	90	world	world	NOUN
fsr-3337	85	91	ex	ex	X
fsr-3337	85	92	u.s	u.s	PROPN
fsr-3337	85	93	.	.	PROPN
fsr-3337	85	94	dnl	dnl	PROPN
fsr-3337	85	95	0.58	0.58	NUM
fsr-3337	85	96	%	%	NOUN
fsr-3337	85	97	54.00	54.00	NUM
fsr-3337	85	98	%	%	NOUN
fsr-3337	85	99	76,210,727	76,210,727	NUM
fsr-3337	85	100	total	total	ADJ
fsr-3337	85	101	world	world	NOUN
fsr-3337	85	102	ex	ex	PROPN
fsr-3337	85	103	u.s	u.s	PROPN
fsr-3337	85	104	.	.	PROPN
fsr-3337	85	105	gwl	gwl	PROPN
fsr-3337	85	106	0.35	0.35	NUM
fsr-3337	85	107	%	%	NOUN
fsr-3337	85	108	5.83	5.83	NUM
fsr-3337	85	109	%	%	NOUN
fsr-3337	85	110	572,349,639	572,349,639	NUM
fsr-3337	85	111	total	total	ADJ
fsr-3337	85	112	world	world	NOUN
fsr-3337	85	113	ex	ex	PROPN
fsr-3337	85	114	u.s	u.s	PROPN
fsr-3337	85	115	.	.	PROPN
fsr-3337	85	116	veu	veu	PROPN
fsr-3337	85	117	0.19	0.19	NUM
fsr-3337	85	118	%	%	NOUN
fsr-3337	85	119	7.00	7.00	NUM
fsr-3337	85	120	%	%	NOUN
fsr-3337	85	121	9,041,860,844	9,041,860,844	NUM
fsr-3337	85	122	total	total	ADJ
fsr-3337	85	123	world	world	NOUN
fsr-3337	85	124	ex	ex	PROPN
fsr-3337	85	125	u.s	u.s	PROPN
fsr-3337	85	126	.	.	PROPN
fsr-3337	85	127	adrd	adrd	ADJ
fsr-3337	85	128	0.28	0.28	NUM
fsr-3337	85	129	%	%	NOUN
fsr-3337	85	130	10.10	10.10	NUM
fsr-3337	85	131	%	%	NOUN
fsr-3337	85	132	45,196,595	45,196,595	NUM
fsr-3337	85	133	developed	develop	VERB
fsr-3337	85	134	dol	dol	VERB
fsr-3337	85	135	0.48	0.48	NUM
fsr-3337	85	136	%	%	NOUN
fsr-3337	85	137	22.50	22.50	NUM
fsr-3337	85	138	%	%	NOUN
fsr-3337	85	139	209,073,220	209,073,220	NUM
fsr-3337	85	140	developed	develop	VERB
fsr-3337	85	141	doo	doo	NOUN
fsr-3337	85	142	0.58	0.58	NUM
fsr-3337	85	143	%	%	NOUN
fsr-3337	85	144	46.33	46.33	NUM
fsr-3337	85	145	%	%	NOUN
fsr-3337	85	146	322,821,722	322,821,722	NUM
fsr-3337	85	147	developed	develop	VERB
fsr-3337	85	148	dth	dth	ADJ
fsr-3337	85	149	0.58	0.58	NUM
fsr-3337	85	150	%	%	NOUN
fsr-3337	85	151	31.50	31.50	NUM
fsr-3337	85	152	%	%	NOUN
fsr-3337	85	153	212,323,318	212,323,318	NUM
fsr-3337	85	154	developed	develop	VERB
fsr-3337	85	155	dwm	dwm	NOUN
fsr-3337	85	156	0.43	0.43	NUM
fsr-3337	85	157	%	%	NOUN
fsr-3337	85	158	35.67	35.67	NUM
fsr-3337	85	159	%	%	NOUN
fsr-3337	85	160	438,785,622	438,785,622	NUM
fsr-3337	85	161	developed	develop	VERB
fsr-3337	85	162	efa	efa	PROPN
fsr-3337	85	163	0.34	0.34	NUM
fsr-3337	85	164	%	%	NOUN
fsr-3337	85	165	6.33	6.33	NUM
fsr-3337	85	166	%	%	NOUN
fsr-3337	85	167	40,201,315,518	40,201,315,518	NUM
fsr-3337	85	168	developed	develop	VERB
fsr-3337	85	169	idv	idv	PROPN
fsr-3337	85	170	0.50	0.50	NUM
fsr-3337	85	171	%	%	NOUN
fsr-3337	85	172	42.67	42.67	NUM
fsr-3337	85	173	%	%	NOUN
fsr-3337	85	174	1,969,620,635	1,969,620,635	NUM
fsr-3337	85	175	developed	develop	VERB
fsr-3337	85	176	piz	piz	PROPN
fsr-3337	85	177	0.80	0.80	NUM
fsr-3337	85	178	%	%	NOUN
fsr-3337	85	179	128.17	128.17	NUM
fsr-3337	85	180	%	%	NOUN
fsr-3337	85	181	246,498,810	246,498,810	NUM
fsr-3337	85	182	developed	develop	VERB
fsr-3337	85	183	pxf	pxf	NOUN
fsr-3337	85	184	0.71	0.71	NUM
fsr-3337	85	185	%	%	NOUN
fsr-3337	85	186	21.83	21.83	NUM
fsr-3337	85	187	%	%	NOUN
fsr-3337	85	188	536,149,000	536,149,000	NUM
fsr-3337	85	189	developed	develop	VERB
fsr-3337	85	190	vea	vea	NOUN
fsr-3337	85	191	0.12	0.12	NUM
fsr-3337	85	192	%	%	NOUN
fsr-3337	85	193	8.60	8.60	NUM
fsr-3337	85	194	%	%	NOUN
fsr-3337	85	195	13,152,279,035	13,152,279,035	NUM
fsr-3337	85	196	developed	develop	VERB
fsr-3337	85	197	adre	adre	NOUN
fsr-3337	85	198	0.27	0.27	NUM
fsr-3337	85	199	%	%	NOUN
fsr-3337	85	200	12.04	12.04	NUM
fsr-3337	85	201	%	%	NOUN
fsr-3337	85	202	235,859,904	235,859,904	NUM
fsr-3337	85	203	emerging	emerge	VERB
fsr-3337	85	204	bik	bik	PROPN
fsr-3337	85	205	0.49	0.49	NUM
fsr-3337	85	206	%	%	NOUN
fsr-3337	85	207	12.33	12.33	NUM
fsr-3337	85	208	%	%	NOUN
fsr-3337	85	209	226,925,818	226,925,818	NUM
fsr-3337	85	210	emerging	emerge	VERB
fsr-3337	85	211	bkf	bkf	NOUN
fsr-3337	85	212	0.34	0.34	NUM
fsr-3337	85	213	%	%	NOUN
fsr-3337	85	214	13.33	13.33	NUM
fsr-3337	85	215	%	%	NOUN
fsr-3337	85	216	491,577,033	491,577,033	NUM
fsr-3337	85	217	emerging	emerge	VERB
fsr-3337	85	218	dem	dem	ADJ
fsr-3337	85	219	0.63	0.63	NUM
fsr-3337	85	220	%	%	NOUN
fsr-3337	85	221	38.50	38.50	NUM
fsr-3337	85	222	%	%	NOUN
fsr-3337	85	223	4,848,791,521	4,848,791,521	NOUN
fsr-3337	85	224	emerging	emerge	VERB
fsr-3337	85	225	eeb	eeb	PROPN
fsr-3337	85	226	0.63	0.63	NUM
fsr-3337	85	227	%	%	NOUN
fsr-3337	85	228	11.00	11.00	NUM
fsr-3337	85	229	%	%	NOUN
fsr-3337	85	230	224,304,688	224,304,688	NUM
fsr-3337	85	231	emerging	emerge	VERB
fsr-3337	85	232	eem	eem	NOUN
fsr-3337	85	233	0.69	0.69	NUM
fsr-3337	85	234	%	%	NOUN
fsr-3337	85	235	14.33	14.33	NUM
fsr-3337	85	236	%	%	NOUN
fsr-3337	85	237	34,620,518,926	34,620,518,926	NUM
fsr-3337	85	238	emerging	emerge	VERB
fsr-3337	85	239	gmm	gmm	NOUN
fsr-3337	85	240	0.59	0.59	NUM
fsr-3337	85	241	%	%	NOUN
fsr-3337	85	242	10.50	10.50	NUM
fsr-3337	85	243	%	%	NOUN
fsr-3337	85	244	180,418,744	180,418,744	NUM
fsr-3337	85	245	emerging	emerge	VERB
fsr-3337	85	246	pie	pie	NOUN
fsr-3337	85	247	0.90	0.90	NUM
fsr-3337	85	248	%	%	NOUN
fsr-3337	85	249	171.00	171.00	NUM
fsr-3337	85	250	%	%	NOUN
fsr-3337	85	251	354,721,563	354,721,563	NUM
fsr-3337	85	252	emerging	emerge	VERB
fsr-3337	85	253	pxh	pxh	NOUN
fsr-3337	85	254	0.80	0.80	NUM
fsr-3337	85	255	%	%	NOUN
fsr-3337	85	256	36.50	36.50	NUM
fsr-3337	85	257	%	%	NOUN
fsr-3337	85	258	333,461,873	333,461,873	NUM
fsr-3337	85	259	emerging	emerge	VERB
fsr-3337	85	260	vwo	vwo	NOUN
fsr-3337	85	261	0.20	0.20	NUM
fsr-3337	85	262	%	%	NOUN
fsr-3337	85	263	14.67	14.67	NUM
fsr-3337	85	264	%	%	NOUN
fsr-3337	85	265	49,355,444,391	49,355,444,391	NUM
fsr-3337	85	266	emerging	emerge	VERB
fsr-3337	85	267	253s	253	NOUN
fsr-3337	85	268	.	.	PUNCT
fsr-3337	86	1	kanuri	kanuri	PROPN
fsr-3337	86	2	,	,	PUNCT
fsr-3337	86	3	r.w	r.w	PROPN
fsr-3337	86	4	.	.	PROPN
fsr-3337	86	5	mcleod	mcleod	PROPN
fsr-3337	86	6	/	/	SYM
fsr-3337	86	7	financial	financial	ADJ
fsr-3337	86	8	services	service	NOUN
fsr-3337	86	9	review	review	VERB
fsr-3337	86	10	24	24	NUM
fsr-3337	86	11	(	(	PUNCT
fsr-3337	86	12	2015	2015	NUM
fsr-3337	86	13	)	)	PUNCT
fsr-3337	86	14	249–270	249–270	NUM
fsr-3337	87	1	the	the	DET
fsr-3337	87	2	sharpe	sharpe	PROPN
fsr-3337	87	3	ratio	ratio	NOUN
fsr-3337	87	4	evaluates	evaluate	VERB
fsr-3337	87	5	how	how	SCONJ
fsr-3337	87	6	well	well	ADV
fsr-3337	87	7	an	an	DET
fsr-3337	87	8	etf	etf	NOUN
fsr-3337	87	9	compensates	compensate	VERB
fsr-3337	87	10	its	its	PRON
fsr-3337	87	11	investor	investor	NOUN
fsr-3337	87	12	for	for	ADP
fsr-3337	87	13	each	each	DET
fsr-3337	87	14	unit	unit	NOUN
fsr-3337	87	15	of	of	ADP
fsr-3337	87	16	risk	risk	NOUN
fsr-3337	87	17	they	they	PRON
fsr-3337	87	18	incur	incur	VERB
fsr-3337	87	19	.	.	PUNCT
fsr-3337	88	1	the	the	PRON
fsr-3337	88	2	higher	high	ADJ
fsr-3337	88	3	the	the	DET
fsr-3337	88	4	sharpe	sharpe	PROPN
fsr-3337	88	5	ratio	ratio	NOUN
fsr-3337	88	6	,	,	PUNCT
fsr-3337	88	7	the	the	DET
fsr-3337	88	8	better	well	ADJ
fsr-3337	88	9	is	be	AUX
fsr-3337	88	10	the	the	DET
fsr-3337	88	11	performance	performance	NOUN
fsr-3337	88	12	of	of	ADP
fsr-3337	88	13	the	the	DET
fsr-3337	88	14	etf	etf	NOUN
fsr-3337	88	15	.	.	PUNCT
fsr-3337	89	1	the	the	DET
fsr-3337	89	2	second	second	ADJ
fsr-3337	89	3	measure	measure	NOUN
fsr-3337	89	4	of	of	ADP
fsr-3337	89	5	risk	risk	NOUN
fsr-3337	89	6	-	-	PUNCT
fsr-3337	89	7	adjusted	adjust	VERB
fsr-3337	89	8	performance	performance	NOUN
fsr-3337	89	9	is	be	AUX
fsr-3337	89	10	the	the	DET
fsr-3337	89	11	sortino	sortino	ADJ
fsr-3337	89	12	ratio	ratio	NOUN
fsr-3337	89	13	expressed	express	VERB
fsr-3337	89	14	as	as	ADP
fsr-3337	89	15	:	:	PUNCT
fsr-3337	89	16	sortino	sortino	PROPN
fsr-3337	89	17	�	�	PROPN
fsr-3337	89	18	�	�	PROPN
fsr-3337	89	19	retf	retf	NOUN
fsr-3337	89	20	�	�	PROPN
fsr-3337	89	21	rf	rf	NOUN
fsr-3337	89	22	�	�	PROPN
fsr-3337	89	23	/	/	SYM
fsr-3337	89	24	�	�	PROPN
fsr-3337	89	25	d	d	NOUN
fsr-3337	89	26	(	(	PUNCT
fsr-3337	89	27	2	2	NUM
fsr-3337	89	28	)	)	PUNCT
fsr-3337	89	29	where	where	SCONJ
fsr-3337	89	30	retf	retf	NOUN
fsr-3337	89	31	and	and	CCONJ
fsr-3337	89	32	rf	rf	PRON
fsr-3337	89	33	are	be	AUX
fsr-3337	89	34	described	describe	VERB
fsr-3337	89	35	as	as	ADP
fsr-3337	89	36	above	above	ADV
fsr-3337	89	37	;	;	PUNCT
fsr-3337	89	38	�	�	PROPN
fsr-3337	89	39	d	d	PROPN
fsr-3337	89	40	is	be	AUX
fsr-3337	89	41	the	the	DET
fsr-3337	89	42	standard	standard	ADJ
fsr-3337	89	43	deviation	deviation	NOUN
fsr-3337	89	44	of	of	ADP
fsr-3337	89	45	etf	etf	NOUN
fsr-3337	89	46	’s	’s	PART
fsr-3337	89	47	negative	negative	ADJ
fsr-3337	89	48	returns	return	NOUN
fsr-3337	89	49	.	.	PUNCT
fsr-3337	90	1	table	table	NOUN
fsr-3337	90	2	2	2	NUM
fsr-3337	90	3	shows	show	NOUN
fsr-3337	90	4	average	average	ADJ
fsr-3337	90	5	monthly	monthly	ADJ
fsr-3337	90	6	returns	return	NOUN
fsr-3337	90	7	and	and	CCONJ
fsr-3337	90	8	standard	standard	ADJ
fsr-3337	90	9	deviation	deviation	NOUN
fsr-3337	90	10	of	of	ADP
fsr-3337	90	11	returns	return	NOUN
fsr-3337	90	12	(	(	PUNCT
fsr-3337	90	13	in	in	ADP
fsr-3337	90	14	%	%	NOUN
fsr-3337	90	15	)	)	PUNCT
fsr-3337	90	16	from	from	ADP
fsr-3337	90	17	january	january	PROPN
fsr-3337	90	18	2008	2008	NUM
fsr-3337	90	19	through	through	ADP
fsr-3337	90	20	june	june	PROPN
fsr-3337	90	21	2013	2013	NUM
fsr-3337	90	22	rank	rank	PROPN
fsr-3337	90	23	etf	etf	PROPN
fsr-3337	90	24	no	no	PROPN
fsr-3337	90	25	.	.	PROPN
fsr-3337	90	26	of	of	ADP
fsr-3337	90	27	obs	obs	PROPN
fsr-3337	90	28	avg	avg	PROPN
fsr-3337	90	29	.	.	PROPN
fsr-3337	91	1	monthly	monthly	ADJ
fsr-3337	91	2	etf	etf	NOUN
fsr-3337	91	3	return	return	NOUN
fsr-3337	91	4	etf	etf	PROPN
fsr-3337	91	5	sd	sd	PROPN
fsr-3337	91	6	avg	avg	PROPN
fsr-3337	91	7	.	.	PROPN
fsr-3337	92	1	monthly	monthly	ADJ
fsr-3337	92	2	index	index	NOUN
fsr-3337	92	3	return	return	NOUN
fsr-3337	92	4	index	index	NOUN
fsr-3337	92	5	sd	sd	ADP
fsr-3337	92	6	category	category	NOUN
fsr-3337	92	7	1	1	NUM
fsr-3337	92	8	qqq	qqq	NOUN
fsr-3337	92	9	66	66	NUM
fsr-3337	92	10	months	month	NOUN
fsr-3337	92	11	0.7561	0.7561	NUM
fsr-3337	92	12	%	%	NOUN
fsr-3337	92	13	6.1599	6.1599	NUM
fsr-3337	92	14	%	%	NOUN
fsr-3337	92	15	0.7705	0.7705	NUM
fsr-3337	92	16	%	%	NOUN
fsr-3337	92	17	6.1401	6.1401	NUM
fsr-3337	92	18	%	%	NOUN
fsr-3337	92	19	us	us	PROPN
fsr-3337	92	20	2	2	NUM
fsr-3337	92	21	dia	dia	PROPN
fsr-3337	92	22	66	66	NUM
fsr-3337	92	23	months	month	NOUN
fsr-3337	92	24	0.5148	0.5148	NUM
fsr-3337	92	25	%	%	NOUN
fsr-3337	92	26	4.8122	4.8122	NUM
fsr-3337	92	27	%	%	NOUN
fsr-3337	92	28	0.5279	0.5279	NUM
fsr-3337	92	29	%	%	NOUN
fsr-3337	92	30	4.8237	4.8237	NUM
fsr-3337	92	31	%	%	NOUN
fsr-3337	92	32	us	us	PROPN
fsr-3337	92	33	3	3	NUM
fsr-3337	92	34	iyy	iyy	VERB
fsr-3337	92	35	66	66	NUM
fsr-3337	92	36	months	month	NOUN
fsr-3337	92	37	0.4949	0.4949	NUM
fsr-3337	92	38	%	%	NOUN
fsr-3337	92	39	5.4340	5.4340	NUM
fsr-3337	92	40	%	%	NOUN
fsr-3337	92	41	0.5107	0.5107	NUM
fsr-3337	92	42	%	%	NOUN
fsr-3337	92	43	5.4480	5.4480	NUM
fsr-3337	92	44	%	%	NOUN
fsr-3337	92	45	us	we	PRON
fsr-3337	92	46	4	4	NUM
fsr-3337	92	47	iwv	iwv	PROPN
fsr-3337	92	48	66	66	NUM
fsr-3337	92	49	months	month	NOUN
fsr-3337	92	50	0.4949	0.4949	NUM
fsr-3337	92	51	%	%	NOUN
fsr-3337	92	52	5.4871	5.4871	NUM
fsr-3337	92	53	%	%	NOUN
fsr-3337	92	54	0.5059	0.5059	NUM
fsr-3337	92	55	%	%	NOUN
fsr-3337	92	56	5.5027	5.5027	NUM
fsr-3337	92	57	%	%	NOUN
fsr-3337	92	58	us	us	PROPN
fsr-3337	92	59	5	5	NUM
fsr-3337	92	60	iwb	iwb	NOUN
fsr-3337	92	61	66	66	NUM
fsr-3337	92	62	months	month	NOUN
fsr-3337	92	63	0.4810	0.4810	NUM
fsr-3337	92	64	%	%	NOUN
fsr-3337	92	65	5.4020	5.4020	NUM
fsr-3337	92	66	%	%	NOUN
fsr-3337	92	67	0.4896	0.4896	NUM
fsr-3337	92	68	%	%	NOUN
fsr-3337	92	69	5.4150	5.4150	NUM
fsr-3337	92	70	%	%	NOUN
fsr-3337	92	71	us	we	PRON
fsr-3337	92	72	6	6	NUM
fsr-3337	92	73	ivv	ivv	VERB
fsr-3337	92	74	66	66	NUM
fsr-3337	92	75	months	month	NOUN
fsr-3337	92	76	0.4590	0.4590	NUM
fsr-3337	92	77	%	%	NOUN
fsr-3337	92	78	5.2919	5.2919	NUM
fsr-3337	92	79	%	%	NOUN
fsr-3337	92	80	0.4633	0.4633	NUM
fsr-3337	92	81	%	%	NOUN
fsr-3337	92	82	5.3017	5.3017	NUM
fsr-3337	92	83	%	%	NOUN
fsr-3337	92	84	us	us	PROPN
fsr-3337	92	85	7	7	NUM
fsr-3337	92	86	dem	dem	NOUN
fsr-3337	92	87	66	66	NUM
fsr-3337	92	88	months	month	NOUN
fsr-3337	92	89	0.4407	0.4407	NUM
fsr-3337	92	90	%	%	NOUN
fsr-3337	92	91	6.7076	6.7076	NUM
fsr-3337	92	92	%	%	NOUN
fsr-3337	92	93	0.5276	0.5276	NUM
fsr-3337	92	94	%	%	NOUN
fsr-3337	92	95	6.7266	6.7266	NUM
fsr-3337	92	96	%	%	NOUN
fsr-3337	92	97	emerging	emerge	VERB
fsr-3337	92	98	8	8	NUM
fsr-3337	92	99	fgd	fgd	PROPN
fsr-3337	92	100	66	66	NUM
fsr-3337	92	101	months	month	NOUN
fsr-3337	92	102	0.2923	0.2923	NUM
fsr-3337	92	103	%	%	NOUN
fsr-3337	92	104	7.1894	7.1894	NUM
fsr-3337	92	105	%	%	NOUN
fsr-3337	92	106	0.2776	0.2776	NUM
fsr-3337	92	107	%	%	NOUN
fsr-3337	92	108	7.0462	7.0462	NUM
fsr-3337	92	109	%	%	NOUN
fsr-3337	92	110	total	total	ADJ
fsr-3337	92	111	world	world	NOUN
fsr-3337	92	112	9	9	NUM
fsr-3337	92	113	tok	tok	NOUN
fsr-3337	92	114	66	66	NUM
fsr-3337	92	115	months	month	NOUN
fsr-3337	92	116	0.2521	0.2521	NUM
fsr-3337	92	117	%	%	NOUN
fsr-3337	92	118	5.9550	5.9550	NUM
fsr-3337	92	119	%	%	NOUN
fsr-3337	92	120	0.2301	0.2301	NUM
fsr-3337	92	121	%	%	NOUN
fsr-3337	92	122	5.9868	5.9868	NUM
fsr-3337	92	123	%	%	NOUN
fsr-3337	92	124	total	total	ADJ
fsr-3337	92	125	world	world	NOUN
fsr-3337	92	126	10	10	NUM
fsr-3337	92	127	dnl	dnl	NOUN
fsr-3337	92	128	66	66	NUM
fsr-3337	92	129	months	month	NOUN
fsr-3337	92	130	0.2345	0.2345	NUM
fsr-3337	92	131	%	%	NOUN
fsr-3337	92	132	5.5904	5.5904	NUM
fsr-3337	92	133	%	%	NOUN
fsr-3337	92	134	0.2910	0.2910	NUM
fsr-3337	92	135	%	%	NOUN
fsr-3337	92	136	5.5820	5.5820	NUM
fsr-3337	92	137	%	%	NOUN
fsr-3337	92	138	total	total	ADJ
fsr-3337	92	139	world	world	NOUN
fsr-3337	92	140	ex	ex	X
fsr-3337	92	141	us	us	PROPN
fsr-3337	92	142	11	11	NUM
fsr-3337	92	143	idv	idv	NOUN
fsr-3337	92	144	66	66	NUM
fsr-3337	92	145	months	month	NOUN
fsr-3337	92	146	0.1843	0.1843	NUM
fsr-3337	92	147	%	%	NOUN
fsr-3337	92	148	7.6042	7.6042	NUM
fsr-3337	92	149	%	%	NOUN
fsr-3337	92	150	0.1920	0.1920	NUM
fsr-3337	92	151	%	%	NOUN
fsr-3337	92	152	7.7109	7.7109	NUM
fsr-3337	92	153	%	%	NOUN
fsr-3337	92	154	developed	develop	VERB
fsr-3337	92	155	12	12	NUM
fsr-3337	92	156	piz	piz	PROPN
fsr-3337	92	157	66	66	NUM
fsr-3337	92	158	months	month	NOUN
fsr-3337	92	159	0.1534	0.1534	NUM
fsr-3337	92	160	%	%	NOUN
fsr-3337	92	161	7.3502	7.3502	NUM
fsr-3337	92	162	%	%	NOUN
fsr-3337	92	163	0.2334	0.2334	NUM
fsr-3337	92	164	%	%	NOUN
fsr-3337	92	165	7.3026	7.3026	NUM
fsr-3337	92	166	%	%	NOUN
fsr-3337	92	167	developed	develop	VERB
fsr-3337	92	168	13	13	NUM
fsr-3337	92	169	gmm	gmm	NOUN
fsr-3337	92	170	66	66	NUM
fsr-3337	92	171	months	month	NOUN
fsr-3337	92	172	0.1441	0.1441	NUM
fsr-3337	92	173	%	%	NOUN
fsr-3337	92	174	7.8320	7.8320	NUM
fsr-3337	92	175	%	%	NOUN
fsr-3337	92	176	0.1644	0.1644	NUM
fsr-3337	92	177	%	%	NOUN
fsr-3337	92	178	8.0012	8.0012	NUM
fsr-3337	92	179	%	%	NOUN
fsr-3337	92	180	emerging	emerge	VERB
fsr-3337	92	181	14	14	NUM
fsr-3337	92	182	ioo	ioo	ADJ
fsr-3337	92	183	66	66	NUM
fsr-3337	92	184	months	month	NOUN
fsr-3337	92	185	0.1387	0.1387	NUM
fsr-3337	92	186	%	%	NOUN
fsr-3337	92	187	5.6871	5.6871	NUM
fsr-3337	92	188	%	%	NOUN
fsr-3337	92	189	�	�	NOUN
fsr-3337	92	190	0.2219	0.2219	NUM
fsr-3337	92	191	%	%	NOUN
fsr-3337	92	192	6.8277	6.8277	NUM
fsr-3337	92	193	%	%	NOUN
fsr-3337	92	194	total	total	ADJ
fsr-3337	92	195	world	world	NOUN
fsr-3337	92	196	15	15	NUM
fsr-3337	92	197	vwo	vwo	PROPN
fsr-3337	92	198	66	66	NUM
fsr-3337	92	199	months	month	NOUN
fsr-3337	92	200	0.0989	0.0989	NUM
fsr-3337	92	201	%	%	NOUN
fsr-3337	92	202	8.1487	8.1487	NUM
fsr-3337	92	203	%	%	NOUN
fsr-3337	92	204	0.1627	0.1627	NUM
fsr-3337	92	205	%	%	NOUN
fsr-3337	92	206	8.0327	8.0327	NUM
fsr-3337	92	207	%	%	NOUN
fsr-3337	92	208	emerging	emerge	VERB
fsr-3337	92	209	16	16	NUM
fsr-3337	92	210	lvl	lvl	NOUN
fsr-3337	92	211	66	66	NUM
fsr-3337	92	212	months	month	NOUN
fsr-3337	92	213	0.0824	0.0824	NUM
fsr-3337	92	214	%	%	NOUN
fsr-3337	92	215	7.5689	7.5689	NUM
fsr-3337	92	216	%	%	NOUN
fsr-3337	92	217	�	�	NOUN
fsr-3337	92	218	0.0142	0.0142	NUM
fsr-3337	92	219	%	%	NOUN
fsr-3337	92	220	7.4818	7.4818	NUM
fsr-3337	92	221	%	%	NOUN
fsr-3337	92	222	total	total	ADJ
fsr-3337	92	223	world	world	NOUN
fsr-3337	92	224	17	17	NUM
fsr-3337	92	225	eem	eem	PROPN
fsr-3337	92	226	66	66	NUM
fsr-3337	92	227	months	month	NOUN
fsr-3337	92	228	0.0765	0.0765	NUM
fsr-3337	92	229	%	%	NOUN
fsr-3337	92	230	7.9182	7.9182	NUM
fsr-3337	92	231	%	%	NOUN
fsr-3337	92	232	0.1079	0.1079	NUM
fsr-3337	92	233	%	%	NOUN
fsr-3337	92	234	8.0415	8.0415	NUM
fsr-3337	92	235	%	%	NOUN
fsr-3337	92	236	emerging	emerge	VERB
fsr-3337	92	237	18	18	NUM
fsr-3337	92	238	veu	veu	NOUN
fsr-3337	92	239	66	66	NUM
fsr-3337	92	240	months	month	NOUN
fsr-3337	92	241	0.0473	0.0473	NUM
fsr-3337	92	242	%	%	NOUN
fsr-3337	92	243	6.9711	6.9711	NUM
fsr-3337	92	244	%	%	NOUN
fsr-3337	92	245	0.0683	0.0683	NUM
fsr-3337	92	246	%	%	NOUN
fsr-3337	92	247	6.8047	6.8047	NUM
fsr-3337	92	248	%	%	NOUN
fsr-3337	92	249	total	total	ADJ
fsr-3337	92	250	world	world	NOUN
fsr-3337	92	251	ex	ex	X
fsr-3337	92	252	us	us	PROPN
fsr-3337	92	253	19	19	NUM
fsr-3337	92	254	vea	vea	NOUN
fsr-3337	92	255	66	66	NUM
fsr-3337	92	256	months	month	NOUN
fsr-3337	92	257	0.0311	0.0311	NUM
fsr-3337	92	258	%	%	NOUN
fsr-3337	92	259	6.7140	6.7140	NUM
fsr-3337	92	260	%	%	NOUN
fsr-3337	92	261	0.0172	0.0172	NUM
fsr-3337	92	262	%	%	NOUN
fsr-3337	92	263	6.6193	6.6193	NUM
fsr-3337	92	264	%	%	NOUN
fsr-3337	92	265	developed	develop	VERB
fsr-3337	92	266	20	20	NUM
fsr-3337	92	267	gwl	gwl	NOUN
fsr-3337	92	268	66	66	NUM
fsr-3337	92	269	months	month	NOUN
fsr-3337	92	270	0.0252	0.0252	NUM
fsr-3337	92	271	%	%	NOUN
fsr-3337	92	272	6.4864	6.4864	NUM
fsr-3337	92	273	%	%	NOUN
fsr-3337	92	274	0.0837	0.0837	NUM
fsr-3337	92	275	%	%	NOUN
fsr-3337	92	276	6.6414	6.6414	NUM
fsr-3337	92	277	%	%	NOUN
fsr-3337	92	278	total	total	ADJ
fsr-3337	92	279	world	world	NOUN
fsr-3337	92	280	ex	ex	X
fsr-3337	92	281	us	us	PROPN
fsr-3337	92	282	21	21	NUM
fsr-3337	92	283	cwi	cwi	NOUN
fsr-3337	92	284	66	66	NUM
fsr-3337	92	285	months	month	NOUN
fsr-3337	92	286	0.0236	0.0236	NUM
fsr-3337	92	287	%	%	NOUN
fsr-3337	92	288	6.6716	6.6716	NUM
fsr-3337	92	289	%	%	NOUN
fsr-3337	92	290	0.0482	0.0482	NUM
fsr-3337	92	291	%	%	NOUN
fsr-3337	92	292	6.7425	6.7425	NUM
fsr-3337	92	293	%	%	NOUN
fsr-3337	92	294	total	total	ADJ
fsr-3337	92	295	world	world	NOUN
fsr-3337	92	296	ex	ex	X
fsr-3337	92	297	us	us	PROPN
fsr-3337	92	298	22	22	NUM
fsr-3337	92	299	pxf	pxf	NOUN
fsr-3337	92	300	66	66	NUM
fsr-3337	92	301	months	month	NOUN
fsr-3337	92	302	0.0137	0.0137	NUM
fsr-3337	92	303	%	%	NOUN
fsr-3337	92	304	7.4310	7.4310	NUM
fsr-3337	92	305	%	%	NOUN
fsr-3337	92	306	0.1014	0.1014	NUM
fsr-3337	92	307	%	%	NOUN
fsr-3337	92	308	7.3730	7.3730	NUM
fsr-3337	92	309	%	%	NOUN
fsr-3337	92	310	developed	develop	VERB
fsr-3337	92	311	23	23	NUM
fsr-3337	92	312	pxh	pxh	NOUN
fsr-3337	92	313	66	66	NUM
fsr-3337	92	314	months	month	NOUN
fsr-3337	92	315	0.0077	0.0077	NUM
fsr-3337	92	316	%	%	NOUN
fsr-3337	92	317	7.9612	7.9612	NUM
fsr-3337	92	318	%	%	NOUN
fsr-3337	92	319	0.1705	0.1705	NUM
fsr-3337	92	320	%	%	NOUN
fsr-3337	92	321	8.0847	8.0847	NUM
fsr-3337	92	322	%	%	NOUN
fsr-3337	92	323	emerging	emerge	VERB
fsr-3337	92	324	24	24	NUM
fsr-3337	92	325	dgt	dgt	NOUN
fsr-3337	92	326	66	66	NUM
fsr-3337	92	327	months	month	NOUN
fsr-3337	92	328	�	�	NOUN
fsr-3337	92	329	0.0661	0.0661	NUM
fsr-3337	92	330	%	%	NOUN
fsr-3337	92	331	5.5120	5.5120	NUM
fsr-3337	92	332	%	%	NOUN
fsr-3337	92	333	0.2421	0.2421	NUM
fsr-3337	92	334	%	%	NOUN
fsr-3337	92	335	6.0017	6.0017	NUM
fsr-3337	92	336	%	%	NOUN
fsr-3337	92	337	total	total	ADJ
fsr-3337	92	338	world	world	NOUN
fsr-3337	92	339	25	25	NUM
fsr-3337	92	340	dew	dew	NOUN
fsr-3337	92	341	66	66	NUM
fsr-3337	92	342	months	month	NOUN
fsr-3337	92	343	�	�	PROPN
fsr-3337	92	344	0.0166	0.0166	NUM
fsr-3337	92	345	%	%	NOUN
fsr-3337	92	346	6.5695	6.5695	NUM
fsr-3337	92	347	%	%	NOUN
fsr-3337	92	348	0.0027	0.0027	NUM
fsr-3337	92	349	%	%	NOUN
fsr-3337	92	350	6.5988	6.5988	NUM
fsr-3337	92	351	%	%	NOUN
fsr-3337	92	352	total	total	ADJ
fsr-3337	92	353	world	world	NOUN
fsr-3337	92	354	26	26	NUM
fsr-3337	92	355	efa	efa	PROPN
fsr-3337	92	356	66	66	NUM
fsr-3337	92	357	months	month	NOUN
fsr-3337	92	358	�	�	NOUN
fsr-3337	92	359	0.0112	0.0112	NUM
fsr-3337	92	360	%	%	NOUN
fsr-3337	92	361	6.5123	6.5123	NUM
fsr-3337	92	362	%	%	NOUN
fsr-3337	92	363	�	�	NOUN
fsr-3337	92	364	0.0064	0.0064	NUM
fsr-3337	92	365	%	%	NOUN
fsr-3337	92	366	6.5437	6.5437	NUM
fsr-3337	92	367	%	%	NOUN
fsr-3337	92	368	developed	develop	VERB
fsr-3337	92	369	27	27	NUM
fsr-3337	92	370	pie	pie	NOUN
fsr-3337	92	371	66	66	NUM
fsr-3337	92	372	months	month	NOUN
fsr-3337	92	373	�	�	NOUN
fsr-3337	92	374	0.0389	0.0389	NUM
fsr-3337	92	375	%	%	NOUN
fsr-3337	92	376	8.4288	8.4288	NUM
fsr-3337	92	377	%	%	NOUN
fsr-3337	92	378	0.3117	0.3117	NUM
fsr-3337	92	379	%	%	NOUN
fsr-3337	92	380	8.1988	8.1988	NUM
fsr-3337	92	381	%	%	NOUN
fsr-3337	92	382	emerging	emerge	VERB
fsr-3337	92	383	28	28	NUM
fsr-3337	92	384	adrd	adrd	ADJ
fsr-3337	92	385	66	66	NUM
fsr-3337	92	386	months	month	NOUN
fsr-3337	92	387	�	�	NOUN
fsr-3337	92	388	0.0451	0.0451	NUM
fsr-3337	92	389	%	%	NOUN
fsr-3337	92	390	6.7941	6.7941	NUM
fsr-3337	92	391	%	%	NOUN
fsr-3337	92	392	�	�	NOUN
fsr-3337	92	393	0.0625	0.0625	NUM
fsr-3337	92	394	%	%	NOUN
fsr-3337	92	395	6.8151	6.8151	NUM
fsr-3337	92	396	%	%	NOUN
fsr-3337	92	397	developed	develop	VERB
fsr-3337	92	398	29	29	NUM
fsr-3337	92	399	dwm	dwm	NOUN
fsr-3337	92	400	66	66	NUM
fsr-3337	92	401	months	month	NOUN
fsr-3337	92	402	�	�	NOUN
fsr-3337	92	403	0.0617	0.0617	NUM
fsr-3337	92	404	%	%	NOUN
fsr-3337	92	405	6.4940	6.4940	NUM
fsr-3337	92	406	%	%	NOUN
fsr-3337	92	407	�	�	NOUN
fsr-3337	92	408	0.0130	0.0130	NUM
fsr-3337	92	409	%	%	NOUN
fsr-3337	92	410	6.5679	6.5679	NUM
fsr-3337	92	411	%	%	NOUN
fsr-3337	92	412	developed	develop	VERB
fsr-3337	92	413	30	30	NUM
fsr-3337	92	414	dth	dth	ADJ
fsr-3337	92	415	66	66	NUM
fsr-3337	92	416	months	month	NOUN
fsr-3337	92	417	�	�	NOUN
fsr-3337	92	418	0.0930	0.0930	NUM
fsr-3337	92	419	%	%	NOUN
fsr-3337	92	420	6.8944	6.8944	NUM
fsr-3337	92	421	%	%	NOUN
fsr-3337	92	422	�	�	NOUN
fsr-3337	92	423	0.0602	0.0602	NUM
fsr-3337	92	424	%	%	NOUN
fsr-3337	92	425	6.9748	6.9748	NUM
fsr-3337	92	426	%	%	NOUN
fsr-3337	92	427	developed	develop	VERB
fsr-3337	92	428	31	31	NUM
fsr-3337	92	429	dol	dol	NOUN
fsr-3337	92	430	66	66	NUM
fsr-3337	92	431	months	month	NOUN
fsr-3337	92	432	�	�	NOUN
fsr-3337	92	433	0.0943	0.0943	NUM
fsr-3337	92	434	%	%	NOUN
fsr-3337	92	435	6.4759	6.4759	NUM
fsr-3337	92	436	%	%	NOUN
fsr-3337	92	437	�	�	NOUN
fsr-3337	92	438	0.0814	0.0814	NUM
fsr-3337	92	439	%	%	NOUN
fsr-3337	92	440	6.5380	6.5380	NUM
fsr-3337	92	441	%	%	NOUN
fsr-3337	92	442	developed	develop	VERB
fsr-3337	92	443	32	32	NUM
fsr-3337	92	444	bik	bik	PROPN
fsr-3337	92	445	66	66	NUM
fsr-3337	92	446	months	month	NOUN
fsr-3337	92	447	�	�	PROPN
fsr-3337	92	448	0.0999	0.0999	NUM
fsr-3337	92	449	%	%	NOUN
fsr-3337	92	450	8.5527	8.5527	NUM
fsr-3337	92	451	%	%	NOUN
fsr-3337	92	452	�	�	NOUN
fsr-3337	92	453	0.0542	0.0542	NUM
fsr-3337	92	454	%	%	NOUN
fsr-3337	92	455	8.5939	8.5939	NUM
fsr-3337	92	456	%	%	NOUN
fsr-3337	92	457	emerging	emerge	VERB
fsr-3337	92	458	33	33	NUM
fsr-3337	92	459	doo	doo	NOUN
fsr-3337	92	460	66	66	NUM
fsr-3337	92	461	months	month	NOUN
fsr-3337	92	462	�	�	NOUN
fsr-3337	92	463	0.1272	0.1272	NUM
fsr-3337	92	464	%	%	NOUN
fsr-3337	92	465	6.9165	6.9165	NUM
fsr-3337	92	466	%	%	NOUN
fsr-3337	92	467	�	�	NOUN
fsr-3337	92	468	0.1335	0.1335	NUM
fsr-3337	92	469	%	%	NOUN
fsr-3337	92	470	6.9606	6.9606	NUM
fsr-3337	92	471	%	%	NOUN
fsr-3337	92	472	developed	develop	VERB
fsr-3337	92	473	34	34	NUM
fsr-3337	92	474	adre	adre	NOUN
fsr-3337	92	475	66	66	NUM
fsr-3337	92	476	months	month	NOUN
fsr-3337	92	477	�	�	NOUN
fsr-3337	92	478	0.1960	0.1960	NUM
fsr-3337	92	479	%	%	NOUN
fsr-3337	92	480	7.7663	7.7663	NUM
fsr-3337	92	481	%	%	NOUN
fsr-3337	92	482	�	�	NOUN
fsr-3337	92	483	0.1874	0.1874	NUM
fsr-3337	92	484	%	%	NOUN
fsr-3337	92	485	7.7789	7.7789	NUM
fsr-3337	92	486	%	%	NOUN
fsr-3337	92	487	emerging	emerge	VERB
fsr-3337	92	488	35	35	NUM
fsr-3337	92	489	eeb	eeb	PROPN
fsr-3337	92	490	66	66	NUM
fsr-3337	92	491	months	month	NOUN
fsr-3337	92	492	�	�	NOUN
fsr-3337	92	493	0.2289	0.2289	NUM
fsr-3337	92	494	%	%	NOUN
fsr-3337	92	495	8.7484	8.7484	NUM
fsr-3337	92	496	%	%	NOUN
fsr-3337	92	497	�	�	NOUN
fsr-3337	92	498	0.1896	0.1896	NUM
fsr-3337	92	499	%	%	NOUN
fsr-3337	92	500	8.7991	8.7991	NUM
fsr-3337	92	501	%	%	NOUN
fsr-3337	92	502	emerging	emerge	VERB
fsr-3337	92	503	36	36	NUM
fsr-3337	92	504	bkf	bkf	NOUN
fsr-3337	92	505	66	66	NUM
fsr-3337	92	506	months	month	NOUN
fsr-3337	92	507	�	�	NOUN
fsr-3337	92	508	0.2402	0.2402	NUM
fsr-3337	92	509	%	%	NOUN
fsr-3337	92	510	8.9804	8.9804	NUM
fsr-3337	92	511	%	%	NOUN
fsr-3337	92	512	�	�	NOUN
fsr-3337	92	513	0.2082	0.2082	NUM
fsr-3337	92	514	%	%	NOUN
fsr-3337	92	515	8.9795	8.9795	NUM
fsr-3337	92	516	%	%	NOUN
fsr-3337	92	517	emerging	emerge	VERB
fsr-3337	92	518	etfs	etfs	NOUN
fsr-3337	92	519	are	be	AUX
fsr-3337	92	520	ranked	rank	VERB
fsr-3337	92	521	in	in	ADP
fsr-3337	92	522	descending	descend	VERB
fsr-3337	92	523	order	order	NOUN
fsr-3337	92	524	based	base	VERB
fsr-3337	92	525	on	on	ADP
fsr-3337	92	526	average	average	ADJ
fsr-3337	92	527	monthly	monthly	ADJ
fsr-3337	92	528	returns	return	NOUN
fsr-3337	92	529	.	.	PUNCT
fsr-3337	93	1	254	254	NUM
fsr-3337	93	2	s.	s.	PROPN
fsr-3337	93	3	kanuri	kanuri	PROPN
fsr-3337	93	4	,	,	PUNCT
fsr-3337	93	5	r.w	r.w	PROPN
fsr-3337	93	6	.	.	PROPN
fsr-3337	93	7	mcleod	mcleod	PROPN
fsr-3337	93	8	/	/	SYM
fsr-3337	93	9	financial	financial	ADJ
fsr-3337	93	10	services	service	NOUN
fsr-3337	93	11	review	review	VERB
fsr-3337	93	12	24	24	NUM
fsr-3337	93	13	(	(	PUNCT
fsr-3337	93	14	2015	2015	NUM
fsr-3337	93	15	)	)	PUNCT
fsr-3337	93	16	249–270	249–270	NUM
fsr-3337	94	1	the	the	DET
fsr-3337	94	2	sortino	sortino	ADJ
fsr-3337	94	3	ratio	ratio	NOUN
fsr-3337	94	4	differentiates	differentiate	NOUN
fsr-3337	94	5	between	between	ADP
fsr-3337	94	6	good	good	ADJ
fsr-3337	94	7	and	and	CCONJ
fsr-3337	94	8	bad	bad	ADJ
fsr-3337	94	9	volatility	volatility	NOUN
fsr-3337	94	10	in	in	ADP
fsr-3337	94	11	the	the	DET
fsr-3337	94	12	sharpe	sharpe	PROPN
fsr-3337	94	13	ratio	ratio	NOUN
fsr-3337	94	14	.	.	PUNCT
fsr-3337	95	1	the	the	DET
fsr-3337	95	2	differentiation	differentiation	NOUN
fsr-3337	95	3	of	of	ADP
fsr-3337	95	4	upward	upward	ADJ
fsr-3337	95	5	and	and	CCONJ
fsr-3337	95	6	downward	downward	ADJ
fsr-3337	95	7	volatility	volatility	NOUN
fsr-3337	95	8	allows	allow	VERB
fsr-3337	95	9	the	the	DET
fsr-3337	95	10	calculation	calculation	NOUN
fsr-3337	95	11	of	of	ADP
fsr-3337	95	12	the	the	DET
fsr-3337	95	13	risk	risk	NOUN
fsr-3337	95	14	-	-	PUNCT
fsr-3337	95	15	adjusted	adjust	VERB
fsr-3337	95	16	return	return	NOUN
fsr-3337	95	17	to	to	PART
fsr-3337	95	18	provide	provide	VERB
fsr-3337	95	19	a	a	DET
fsr-3337	95	20	performance	performance	NOUN
fsr-3337	95	21	measure	measure	NOUN
fsr-3337	95	22	of	of	ADP
fsr-3337	95	23	an	an	DET
fsr-3337	95	24	etf	etf	NOUN
fsr-3337	95	25	without	without	ADP
fsr-3337	95	26	penalizing	penalize	VERB
fsr-3337	95	27	it	it	PRON
fsr-3337	95	28	for	for	ADP
fsr-3337	95	29	positive	positive	ADJ
fsr-3337	95	30	returns	return	NOUN
fsr-3337	95	31	.	.	PUNCT
fsr-3337	96	1	a	a	DET
fsr-3337	96	2	large	large	ADJ
fsr-3337	96	3	sortino	sortino	ADJ
fsr-3337	96	4	ratio	ratio	NOUN
fsr-3337	96	5	indicates	indicate	VERB
fsr-3337	96	6	low	low	ADJ
fsr-3337	96	7	risk	risk	NOUN
fsr-3337	96	8	of	of	ADP
fsr-3337	96	9	large	large	ADJ
fsr-3337	96	10	losses	loss	NOUN
fsr-3337	96	11	occurring	occur	VERB
fsr-3337	96	12	.	.	PUNCT
fsr-3337	97	1	similar	similar	ADJ
fsr-3337	97	2	to	to	ADP
fsr-3337	97	3	the	the	DET
fsr-3337	97	4	sharpe	sharpe	PROPN
fsr-3337	97	5	ratio	ratio	NOUN
fsr-3337	97	6	,	,	PUNCT
fsr-3337	97	7	the	the	PRON
fsr-3337	97	8	higher	high	ADJ
fsr-3337	97	9	the	the	DET
fsr-3337	97	10	sortino	sortino	ADJ
fsr-3337	97	11	ratio	ratio	NOUN
fsr-3337	97	12	,	,	PUNCT
fsr-3337	97	13	the	the	DET
fsr-3337	97	14	better	well	ADJ
fsr-3337	97	15	is	be	AUX
fsr-3337	97	16	the	the	DET
fsr-3337	97	17	performance	performance	NOUN
fsr-3337	97	18	of	of	ADP
fsr-3337	97	19	an	an	DET
fsr-3337	97	20	etf	etf	NOUN
fsr-3337	97	21	.	.	PUNCT
fsr-3337	98	1	the	the	DET
fsr-3337	98	2	third	third	ADJ
fsr-3337	98	3	measure	measure	NOUN
fsr-3337	98	4	we	we	PRON
fsr-3337	98	5	use	use	VERB
fsr-3337	98	6	is	be	AUX
fsr-3337	98	7	the	the	DET
fsr-3337	98	8	treynor	treynor	NOUN
fsr-3337	98	9	ratio	ratio	NOUN
fsr-3337	98	10	that	that	PRON
fsr-3337	98	11	is	be	AUX
fsr-3337	98	12	expressed	express	VERB
fsr-3337	98	13	as	as	ADP
fsr-3337	98	14	:	:	PUNCT
fsr-3337	98	15	treynor	treynor	PROPN
fsr-3337	98	16	�	�	PROPN
fsr-3337	98	17	�	�	PROPN
fsr-3337	98	18	retf	retf	NOUN
fsr-3337	98	19	�	�	PROPN
fsr-3337	98	20	rf	rf	NOUN
fsr-3337	98	21	�	�	PROPN
fsr-3337	98	22	/	/	SYM
fsr-3337	98	23	�	�	PROPN
fsr-3337	98	24	etf	etf	NOUN
fsr-3337	98	25	(	(	PUNCT
fsr-3337	98	26	3	3	NUM
fsr-3337	98	27	)	)	PUNCT
fsr-3337	98	28	where	where	SCONJ
fsr-3337	98	29	retf	retf	NOUN
fsr-3337	98	30	and	and	CCONJ
fsr-3337	98	31	rf	rf	PRON
fsr-3337	98	32	are	be	AUX
fsr-3337	98	33	defined	define	VERB
fsr-3337	98	34	as	as	ADP
fsr-3337	98	35	above	above	ADJ
fsr-3337	98	36	,	,	PUNCT
fsr-3337	98	37	�	�	NOUN
fsr-3337	98	38	etf	etf	NOUN
fsr-3337	98	39	is	be	AUX
fsr-3337	98	40	the	the	DET
fsr-3337	98	41	systematic	systematic	ADJ
fsr-3337	98	42	risk	risk	NOUN
fsr-3337	98	43	of	of	ADP
fsr-3337	98	44	the	the	DET
fsr-3337	98	45	etf	etf	NOUN
fsr-3337	98	46	.	.	PUNCT
fsr-3337	99	1	similarly	similarly	ADV
fsr-3337	99	2	to	to	ADP
fsr-3337	99	3	sharpe	sharpe	PROPN
fsr-3337	99	4	and	and	CCONJ
fsr-3337	99	5	sortino	sortino	ADJ
fsr-3337	99	6	ratios	ratio	NOUN
fsr-3337	99	7	,	,	PUNCT
fsr-3337	99	8	the	the	PRON
fsr-3337	99	9	higher	high	ADJ
fsr-3337	99	10	the	the	DET
fsr-3337	99	11	treynor	treynor	NOUN
fsr-3337	99	12	ratio	ratio	NOUN
fsr-3337	99	13	,	,	PUNCT
fsr-3337	99	14	the	the	DET
fsr-3337	99	15	better	well	ADJ
fsr-3337	99	16	is	be	AUX
fsr-3337	99	17	the	the	DET
fsr-3337	99	18	performance	performance	NOUN
fsr-3337	99	19	of	of	ADP
fsr-3337	99	20	the	the	DET
fsr-3337	99	21	etf	etf	NOUN
fsr-3337	99	22	.	.	PUNCT
fsr-3337	100	1	the	the	DET
fsr-3337	100	2	results	result	NOUN
fsr-3337	100	3	shown	show	VERB
fsr-3337	100	4	in	in	ADP
fsr-3337	100	5	table	table	NOUN
fsr-3337	100	6	3a	3a	NUM
fsr-3337	100	7	indicate	indicate	VERB
fsr-3337	100	8	again	again	ADV
fsr-3337	100	9	that	that	SCONJ
fsr-3337	100	10	u.s	u.s	PROPN
fsr-3337	100	11	.	.	PROPN
fsr-3337	100	12	etfs	etfs	PROPN
fsr-3337	100	13	have	have	VERB
fsr-3337	100	14	the	the	DET
fsr-3337	100	15	highest	high	ADJ
fsr-3337	100	16	sharpe	sharpe	NOUN
fsr-3337	100	17	and	and	CCONJ
fsr-3337	100	18	sortino	sortino	ADJ
fsr-3337	100	19	ratios	ratio	NOUN
fsr-3337	100	20	(	(	PUNCT
fsr-3337	100	21	the	the	DET
fsr-3337	100	22	first	first	ADJ
fsr-3337	100	23	six	six	NUM
fsr-3337	100	24	ranks	rank	NOUN
fsr-3337	100	25	are	be	AUX
fsr-3337	100	26	occupied	occupy	VERB
fsr-3337	100	27	by	by	ADP
fsr-3337	100	28	u.s	u.s	PROPN
fsr-3337	100	29	.	.	PROPN
fsr-3337	100	30	etfs	etfs	PROPN
fsr-3337	100	31	with	with	ADP
fsr-3337	100	32	qqq	qqq	PROPN
fsr-3337	100	33	and	and	CCONJ
fsr-3337	100	34	dia	dia	PROPN
fsr-3337	100	35	having	have	VERB
fsr-3337	100	36	the	the	DET
fsr-3337	100	37	best	good	ADJ
fsr-3337	100	38	performance	performance	NOUN
fsr-3337	100	39	out	out	ADP
fsr-3337	100	40	of	of	ADP
fsr-3337	100	41	all	all	DET
fsr-3337	100	42	etfs	etfs	NOUN
fsr-3337	100	43	)	)	PUNCT
fsr-3337	100	44	,	,	PUNCT
fsr-3337	100	45	whereas	whereas	SCONJ
fsr-3337	100	46	emerging	emerge	VERB
fsr-3337	100	47	(	(	PUNCT
fsr-3337	100	48	adre	adre	NOUN
fsr-3337	100	49	,	,	PUNCT
fsr-3337	100	50	bke	bke	PROPN
fsr-3337	100	51	,	,	PUNCT
fsr-3337	100	52	and	and	CCONJ
fsr-3337	100	53	eeb	eeb	PROPN
fsr-3337	100	54	)	)	PUNCT
fsr-3337	100	55	and	and	CCONJ
fsr-3337	100	56	developed	develop	VERB
fsr-3337	100	57	(	(	PUNCT
fsr-3337	100	58	dth	dth	ADJ
fsr-3337	100	59	,	,	PUNCT
fsr-3337	100	60	doo	doo	INTJ
fsr-3337	100	61	,	,	PUNCT
fsr-3337	100	62	and	and	CCONJ
fsr-3337	100	63	dol	dol	NOUN
fsr-3337	100	64	)	)	PUNCT
fsr-3337	100	65	market	market	NOUN
fsr-3337	100	66	etfs	etfs	NOUN
fsr-3337	100	67	have	have	VERB
fsr-3337	100	68	the	the	DET
fsr-3337	100	69	lowest	low	ADJ
fsr-3337	100	70	sharpe	sharpe	NOUN
fsr-3337	100	71	and	and	CCONJ
fsr-3337	100	72	sortino	sortino	ADJ
fsr-3337	100	73	ratios	ratio	NOUN
fsr-3337	100	74	.	.	PUNCT
fsr-3337	101	1	the	the	DET
fsr-3337	101	2	treynor	treynor	NOUN
fsr-3337	101	3	ratio	ratio	NOUN
fsr-3337	101	4	again	again	ADV
fsr-3337	101	5	indicates	indicate	VERB
fsr-3337	101	6	that	that	SCONJ
fsr-3337	101	7	u.s	u.s	PROPN
fsr-3337	101	8	.	.	PROPN
fsr-3337	101	9	etfs	etfs	PROPN
fsr-3337	101	10	had	have	VERB
fsr-3337	101	11	the	the	DET
fsr-3337	101	12	best	good	ADJ
fsr-3337	101	13	performance	performance	NOUN
fsr-3337	101	14	for	for	ADP
fsr-3337	101	15	the	the	DET
fsr-3337	101	16	entire	entire	ADJ
fsr-3337	101	17	period	period	NOUN
fsr-3337	101	18	as	as	SCONJ
fsr-3337	101	19	shown	show	VERB
fsr-3337	101	20	in	in	ADP
fsr-3337	101	21	table	table	NOUN
fsr-3337	101	22	3b	3b	NOUN
fsr-3337	101	23	.	.	PUNCT
fsr-3337	102	1	as	as	ADP
fsr-3337	102	2	a	a	DET
fsr-3337	102	3	robustness	robustness	NOUN
fsr-3337	102	4	test	test	NOUN
fsr-3337	102	5	,	,	PUNCT
fsr-3337	102	6	sharpe	sharpe	PROPN
fsr-3337	102	7	,	,	PUNCT
fsr-3337	102	8	sortino	sortino	NOUN
fsr-3337	102	9	,	,	PUNCT
fsr-3337	102	10	and	and	CCONJ
fsr-3337	102	11	treynor	treynor	NOUN
fsr-3337	102	12	ratios	ratio	NOUN
fsr-3337	102	13	were	be	AUX
fsr-3337	102	14	computed	compute	VERB
fsr-3337	102	15	using	use	VERB
fsr-3337	102	16	the	the	DET
fsr-3337	102	17	three	three	NUM
fsr-3337	102	18	month	month	NOUN
fsr-3337	102	19	interbank	interbank	NOUN
fsr-3337	102	20	libor	libor	PROPN
fsr-3337	102	21	rate	rate	NOUN
fsr-3337	102	22	instead	instead	ADV
fsr-3337	102	23	of	of	ADP
fsr-3337	102	24	three	three	NUM
fsr-3337	102	25	month	month	NOUN
fsr-3337	102	26	t	t	PROPN
fsr-3337	102	27	-	-	PUNCT
fsr-3337	102	28	bill	bill	NOUN
fsr-3337	102	29	rate	rate	NOUN
fsr-3337	102	30	as	as	SCONJ
fsr-3337	102	31	many	many	ADJ
fsr-3337	102	32	of	of	ADP
fsr-3337	102	33	these	these	DET
fsr-3337	102	34	etfs	etfs	NOUN
fsr-3337	102	35	buy	buy	VERB
fsr-3337	102	36	international	international	ADJ
fsr-3337	102	37	stocks	stock	NOUN
fsr-3337	102	38	.	.	PUNCT
fsr-3337	103	1	the	the	DET
fsr-3337	103	2	results	result	NOUN
fsr-3337	103	3	as	as	SCONJ
fsr-3337	103	4	shown	show	VERB
fsr-3337	103	5	in	in	ADP
fsr-3337	103	6	tables	table	NOUN
fsr-3337	103	7	3a	3a	NUM
fsr-3337	103	8	and	and	CCONJ
fsr-3337	103	9	b	b	NOUN
fsr-3337	103	10	did	do	AUX
fsr-3337	103	11	not	not	PART
fsr-3337	103	12	change	change	VERB
fsr-3337	103	13	(	(	PUNCT
fsr-3337	103	14	u.s	u.s	PROPN
fsr-3337	103	15	.	.	PROPN
fsr-3337	103	16	etfs	etfs	PROPN
fsr-3337	103	17	again	again	ADV
fsr-3337	103	18	occupied	occupy	VERB
fsr-3337	103	19	the	the	DET
fsr-3337	103	20	first	first	ADJ
fsr-3337	103	21	six	six	NUM
fsr-3337	103	22	ranks	rank	NOUN
fsr-3337	103	23	)	)	PUNCT
fsr-3337	103	24	.	.	PUNCT
fsr-3337	104	1	4	4	X
fsr-3337	104	2	.	.	NOUN
fsr-3337	104	3	cumulative	cumulative	ADJ
fsr-3337	104	4	returns	return	NOUN
fsr-3337	104	5	and	and	CCONJ
fsr-3337	104	6	cumulative	cumulative	ADJ
fsr-3337	104	7	wealth	wealth	NOUN
fsr-3337	104	8	index	index	NOUN
fsr-3337	104	9	cumulative	cumulative	ADJ
fsr-3337	104	10	returns	return	NOUN
fsr-3337	104	11	of	of	ADP
fsr-3337	104	12	etfs	etfs	NOUN
fsr-3337	104	13	for	for	ADP
fsr-3337	104	14	the	the	DET
fsr-3337	104	15	entire	entire	ADJ
fsr-3337	104	16	period	period	NOUN
fsr-3337	104	17	have	have	AUX
fsr-3337	104	18	been	be	AUX
fsr-3337	104	19	computed	compute	VERB
fsr-3337	104	20	.	.	PUNCT
fsr-3337	105	1	following	follow	VERB
fsr-3337	105	2	woolridge	woolridge	NOUN
fsr-3337	105	3	(	(	PUNCT
fsr-3337	105	4	2004	2004	NUM
fsr-3337	105	5	)	)	PUNCT
fsr-3337	105	6	we	we	PRON
fsr-3337	105	7	also	also	ADV
fsr-3337	105	8	compute	compute	VERB
fsr-3337	105	9	the	the	DET
fsr-3337	105	10	cumulative	cumulative	ADJ
fsr-3337	105	11	wealth	wealth	NOUN
fsr-3337	105	12	index	index	NOUN
fsr-3337	105	13	(	(	PUNCT
fsr-3337	105	14	cwi	cwi	NOUN
fsr-3337	105	15	)	)	PUNCT
fsr-3337	105	16	for	for	ADP
fsr-3337	105	17	each	each	DET
fsr-3337	105	18	etf	etf	NOUN
fsr-3337	105	19	.	.	PUNCT
fsr-3337	106	1	the	the	DET
fsr-3337	106	2	cwi	cwi	NOUN
fsr-3337	106	3	measures	measure	VERB
fsr-3337	106	4	the	the	DET
fsr-3337	106	5	outcome	outcome	NOUN
fsr-3337	106	6	of	of	ADP
fsr-3337	106	7	investing	invest	VERB
fsr-3337	106	8	$	$	SYM
fsr-3337	106	9	1,000	1,000	NUM
fsr-3337	106	10	in	in	ADP
fsr-3337	106	11	each	each	DET
fsr-3337	106	12	etf	etf	NOUN
fsr-3337	106	13	at	at	ADP
fsr-3337	106	14	the	the	DET
fsr-3337	106	15	beginning	beginning	NOUN
fsr-3337	106	16	of	of	ADP
fsr-3337	106	17	january	january	PROPN
fsr-3337	106	18	2008	2008	NUM
fsr-3337	106	19	,	,	PUNCT
fsr-3337	106	20	presuming	presume	VERB
fsr-3337	106	21	reinvestment	reinvestment	NOUN
fsr-3337	106	22	of	of	ADP
fsr-3337	106	23	dividends	dividend	NOUN
fsr-3337	106	24	.	.	PUNCT
fsr-3337	107	1	etfs	etfs	PROPN
fsr-3337	107	2	are	be	AUX
fsr-3337	107	3	ranked	rank	VERB
fsr-3337	107	4	in	in	ADP
fsr-3337	107	5	descending	descend	VERB
fsr-3337	107	6	order	order	NOUN
fsr-3337	107	7	based	base	VERB
fsr-3337	107	8	on	on	ADP
fsr-3337	107	9	cumulative	cumulative	ADJ
fsr-3337	107	10	returns	return	NOUN
fsr-3337	107	11	and	and	CCONJ
fsr-3337	107	12	cwi	cwi	NOUN
fsr-3337	107	13	.	.	PUNCT
fsr-3337	108	1	u.s	u.s	PROPN
fsr-3337	108	2	.	.	PROPN
fsr-3337	108	3	etfs	etfs	PROPN
fsr-3337	108	4	occupy	occupy	VERB
fsr-3337	108	5	the	the	DET
fsr-3337	108	6	top	top	ADJ
fsr-3337	108	7	six	six	NUM
fsr-3337	108	8	ranks	rank	NOUN
fsr-3337	108	9	as	as	SCONJ
fsr-3337	108	10	shown	show	VERB
fsr-3337	108	11	in	in	ADP
fsr-3337	108	12	table	table	NOUN
fsr-3337	108	13	4	4	NUM
fsr-3337	108	14	.	.	PUNCT
fsr-3337	109	1	for	for	ADP
fsr-3337	109	2	example	example	NOUN
fsr-3337	109	3	,	,	PUNCT
fsr-3337	109	4	$	$	SYM
fsr-3337	109	5	1,000	1,000	NUM
fsr-3337	109	6	invested	invest	VERB
fsr-3337	109	7	in	in	ADP
fsr-3337	109	8	qqq	qqq	PROPN
fsr-3337	109	9	and	and	CCONJ
fsr-3337	109	10	dia	dia	PROPN
fsr-3337	109	11	in	in	ADP
fsr-3337	109	12	january	january	PROPN
fsr-3337	109	13	2008	2008	NUM
fsr-3337	109	14	would	would	AUX
fsr-3337	109	15	have	have	AUX
fsr-3337	109	16	returned	return	VERB
fsr-3337	109	17	$	$	SYM
fsr-3337	109	18	1,451.14	1,451.14	NUM
fsr-3337	109	19	and	and	CCONJ
fsr-3337	109	20	$	$	SYM
fsr-3337	109	21	1,300.23	1,300.23	NUM
fsr-3337	109	22	by	by	ADP
fsr-3337	109	23	june	june	PROPN
fsr-3337	109	24	2013	2013	NUM
fsr-3337	109	25	,	,	PUNCT
fsr-3337	109	26	respectively	respectively	ADV
fsr-3337	109	27	.	.	PUNCT
fsr-3337	110	1	5	5	X
fsr-3337	110	2	.	.	X
fsr-3337	110	3	tracking	tracking	NOUN
fsr-3337	110	4	error	error	NOUN
fsr-3337	110	5	it	it	PRON
fsr-3337	110	6	is	be	AUX
fsr-3337	110	7	important	important	ADJ
fsr-3337	110	8	to	to	PART
fsr-3337	110	9	consider	consider	VERB
fsr-3337	110	10	tracking	track	VERB
fsr-3337	110	11	error	error	NOUN
fsr-3337	110	12	when	when	SCONJ
fsr-3337	110	13	analyzing	analyze	VERB
fsr-3337	110	14	etf	etf	NOUN
fsr-3337	110	15	performance	performance	NOUN
fsr-3337	110	16	.	.	PUNCT
fsr-3337	111	1	the	the	PRON
fsr-3337	111	2	greater	great	ADJ
fsr-3337	111	3	the	the	DET
fsr-3337	111	4	tracking	tracking	NOUN
fsr-3337	111	5	error	error	NOUN
fsr-3337	111	6	the	the	PRON
fsr-3337	111	7	less	less	ADV
fsr-3337	111	8	closely	closely	ADV
fsr-3337	111	9	the	the	DET
fsr-3337	111	10	etf	etf	NOUN
fsr-3337	111	11	follows	follow	VERB
fsr-3337	111	12	the	the	DET
fsr-3337	111	13	benchmark	benchmark	NOUN
fsr-3337	111	14	.	.	PUNCT
fsr-3337	112	1	if	if	SCONJ
fsr-3337	112	2	an	an	DET
fsr-3337	112	3	investor	investor	NOUN
fsr-3337	112	4	is	be	AUX
fsr-3337	112	5	considering	consider	VERB
fsr-3337	112	6	using	use	VERB
fsr-3337	112	7	an	an	DET
fsr-3337	112	8	etf	etf	NOUN
fsr-3337	112	9	for	for	ADP
fsr-3337	112	10	international	international	ADJ
fsr-3337	112	11	diversification	diversification	NOUN
fsr-3337	112	12	and	and	CCONJ
fsr-3337	112	13	the	the	DET
fsr-3337	112	14	etf	etf	NOUN
fsr-3337	112	15	has	have	VERB
fsr-3337	112	16	a	a	DET
fsr-3337	112	17	high	high	ADJ
fsr-3337	112	18	tracking	track	VERB
fsr-3337	112	19	255s	255s	PROPN
fsr-3337	112	20	.	.	PUNCT
fsr-3337	113	1	kanuri	kanuri	PROPN
fsr-3337	113	2	,	,	PUNCT
fsr-3337	113	3	r.w	r.w	PROPN
fsr-3337	113	4	.	.	PROPN
fsr-3337	113	5	mcleod	mcleod	PROPN
fsr-3337	113	6	/	/	SYM
fsr-3337	113	7	financial	financial	ADJ
fsr-3337	113	8	services	service	NOUN
fsr-3337	113	9	review	review	VERB
fsr-3337	113	10	24	24	NUM
fsr-3337	113	11	(	(	PUNCT
fsr-3337	113	12	2015	2015	NUM
fsr-3337	113	13	)	)	PUNCT
fsr-3337	113	14	249–270	249–270	NUM
fsr-3337	113	15	error	error	NOUN
fsr-3337	113	16	,	,	PUNCT
fsr-3337	113	17	the	the	DET
fsr-3337	113	18	benefit	benefit	NOUN
fsr-3337	113	19	of	of	ADP
fsr-3337	113	20	diversification	diversification	NOUN
fsr-3337	113	21	relative	relative	ADJ
fsr-3337	113	22	to	to	ADP
fsr-3337	113	23	the	the	DET
fsr-3337	113	24	benchmark	benchmark	NOUN
fsr-3337	113	25	will	will	AUX
fsr-3337	113	26	be	be	AUX
fsr-3337	113	27	lessened	lessen	VERB
fsr-3337	113	28	.	.	PUNCT
fsr-3337	114	1	tracking	tracking	NOUN
fsr-3337	114	2	error	error	NOUN
fsr-3337	114	3	is	be	AUX
fsr-3337	114	4	the	the	DET
fsr-3337	114	5	difference	difference	NOUN
fsr-3337	114	6	in	in	ADP
fsr-3337	114	7	the	the	DET
fsr-3337	114	8	performance	performance	NOUN
fsr-3337	114	9	of	of	ADP
fsr-3337	114	10	etf	etf	NOUN
fsr-3337	114	11	and	and	CCONJ
fsr-3337	114	12	its	its	PRON
fsr-3337	114	13	benchmark	benchmark	NOUN
fsr-3337	114	14	.	.	PUNCT
fsr-3337	115	1	ideally	ideally	ADV
fsr-3337	115	2	,	,	PUNCT
fsr-3337	115	3	the	the	DET
fsr-3337	115	4	tracking	tracking	NOUN
fsr-3337	115	5	error	error	NOUN
fsr-3337	115	6	of	of	ADP
fsr-3337	115	7	an	an	DET
fsr-3337	115	8	etf	etf	NOUN
fsr-3337	115	9	should	should	AUX
fsr-3337	115	10	be	be	AUX
fsr-3337	115	11	zero	zero	NUM
fsr-3337	115	12	.	.	PUNCT
fsr-3337	116	1	however	however	ADV
fsr-3337	116	2	,	,	PUNCT
fsr-3337	116	3	this	this	PRON
fsr-3337	116	4	is	be	AUX
fsr-3337	116	5	not	not	PART
fsr-3337	116	6	possible	possible	ADJ
fsr-3337	116	7	because	because	SCONJ
fsr-3337	116	8	of	of	ADP
fsr-3337	116	9	expenses	expense	NOUN
fsr-3337	116	10	;	;	PUNCT
fsr-3337	116	11	dividends	dividend	NOUN
fsr-3337	116	12	payments	payment	NOUN
fsr-3337	116	13	arising	arise	VERB
fsr-3337	116	14	from	from	ADP
fsr-3337	116	15	stocks	stock	NOUN
fsr-3337	116	16	of	of	ADP
fsr-3337	116	17	an	an	DET
fsr-3337	116	18	index	index	NOUN
fsr-3337	116	19	;	;	PUNCT
fsr-3337	116	20	as	as	ADV
fsr-3337	116	21	well	well	ADV
fsr-3337	116	22	as	as	ADP
fsr-3337	116	23	size	size	NOUN
fsr-3337	116	24	and	and	CCONJ
fsr-3337	116	25	timing	timing	NOUN
fsr-3337	116	26	of	of	ADP
fsr-3337	116	27	index	index	NOUN
fsr-3337	116	28	rebalancing	rebalancing	NOUN
fsr-3337	116	29	(	(	PUNCT
fsr-3337	116	30	frino	frino	NOUN
fsr-3337	116	31	and	and	CCONJ
fsr-3337	116	32	gallagher	gallagher	PROPN
fsr-3337	116	33	,	,	PUNCT
fsr-3337	116	34	2001	2001	NUM
fsr-3337	116	35	)	)	PUNCT
fsr-3337	116	36	.	.	PUNCT
fsr-3337	117	1	following	follow	VERB
fsr-3337	117	2	frino	frino	PROPN
fsr-3337	117	3	and	and	CCONJ
fsr-3337	117	4	gallagher	gallagher	PROPN
fsr-3337	117	5	(	(	PUNCT
fsr-3337	117	6	2001	2001	NUM
fsr-3337	117	7	)	)	PUNCT
fsr-3337	117	8	,	,	PUNCT
fsr-3337	117	9	tracking	tracking	NOUN
fsr-3337	117	10	error	error	NOUN
fsr-3337	117	11	is	be	AUX
fsr-3337	117	12	measured	measure	VERB
fsr-3337	117	13	using	use	VERB
fsr-3337	117	14	three	three	NUM
fsr-3337	117	15	different	different	ADJ
fsr-3337	117	16	methods	method	NOUN
fsr-3337	117	17	.	.	PUNCT
fsr-3337	118	1	te1	te1	X
fsr-3337	118	2	–	–	PUNCT
fsr-3337	118	3	the	the	DET
fsr-3337	118	4	first	first	ADJ
fsr-3337	118	5	method	method	NOUN
fsr-3337	118	6	of	of	ADP
fsr-3337	118	7	estimating	estimate	VERB
fsr-3337	118	8	tracking	tracking	NOUN
fsr-3337	118	9	error	error	NOUN
fsr-3337	118	10	is	be	AUX
fsr-3337	118	11	computed	compute	VERB
fsr-3337	118	12	as	as	ADP
fsr-3337	118	13	the	the	DET
fsr-3337	118	14	average	average	ADJ
fsr-3337	118	15	absolute	absolute	ADJ
fsr-3337	118	16	differences	difference	NOUN
fsr-3337	118	17	between	between	ADP
fsr-3337	118	18	the	the	DET
fsr-3337	118	19	return	return	NOUN
fsr-3337	118	20	on	on	ADP
fsr-3337	118	21	the	the	DET
fsr-3337	118	22	etf	etf	NOUN
fsr-3337	118	23	and	and	CCONJ
fsr-3337	118	24	its	its	PRON
fsr-3337	118	25	benchmark	benchmark	NOUN
fsr-3337	118	26	index	index	NOUN
fsr-3337	118	27	.	.	PUNCT
fsr-3337	119	1	the	the	DET
fsr-3337	119	2	equation	equation	NOUN
fsr-3337	119	3	is	be	AUX
fsr-3337	119	4	given	give	VERB
fsr-3337	119	5	as	as	ADP
fsr-3337	119	6	:	:	PUNCT
fsr-3337	119	7	te1	te1	PROPN
fsr-3337	119	8	�	�	PROPN
fsr-3337	119	9	�	�	PROPN
fsr-3337	119	10	t	t	PROPN
fsr-3337	119	11	�	�	PROPN
fsr-3337	119	12	1	1	NUM
fsr-3337	119	13	n	n	NOUN
fsr-3337	119	14	abs	ab	NOUN
fsr-3337	119	15	�	�	NOUN
fsr-3337	119	16	return	return	NOUN
fsr-3337	119	17	on	on	ADP
fsr-3337	119	18	etf	etf	PROPN
fsr-3337	119	19	�	�	PROPN
fsr-3337	119	20	return	return	VERB
fsr-3337	119	21	on	on	ADP
fsr-3337	119	22	the	the	DET
fsr-3337	119	23	benchmark	benchmark	PROPN
fsr-3337	119	24	index	index	PROPN
fsr-3337	119	25	�	�	PROPN
fsr-3337	119	26	/n	/n	PUNCT
fsr-3337	119	27	(	(	PUNCT
fsr-3337	119	28	4	4	X
fsr-3337	119	29	)	)	PUNCT
fsr-3337	119	30	te2	te2	NOUN
fsr-3337	119	31	–	–	PUNCT
fsr-3337	119	32	the	the	DET
fsr-3337	119	33	second	second	ADJ
fsr-3337	119	34	method	method	NOUN
fsr-3337	119	35	to	to	PART
fsr-3337	119	36	estimate	estimate	VERB
fsr-3337	119	37	tracking	tracking	NOUN
fsr-3337	119	38	error	error	NOUN
fsr-3337	119	39	is	be	AUX
fsr-3337	119	40	to	to	PART
fsr-3337	119	41	use	use	VERB
fsr-3337	119	42	standard	standard	ADJ
fsr-3337	119	43	errors	error	NOUN
fsr-3337	119	44	from	from	ADP
fsr-3337	119	45	the	the	DET
fsr-3337	119	46	regression	regression	NOUN
fsr-3337	119	47	analysis	analysis	NOUN
fsr-3337	119	48	using	use	VERB
fsr-3337	119	49	monthly	monthly	ADJ
fsr-3337	119	50	returns	return	NOUN
fsr-3337	119	51	on	on	ADP
fsr-3337	119	52	each	each	DET
fsr-3337	119	53	etf	etf	NOUN
fsr-3337	119	54	and	and	CCONJ
fsr-3337	119	55	its	its	PRON
fsr-3337	119	56	benchmark	benchmark	NOUN
fsr-3337	119	57	index	index	NOUN
fsr-3337	119	58	.	.	PUNCT
fsr-3337	120	1	the	the	DET
fsr-3337	120	2	model	model	NOUN
fsr-3337	120	3	is	be	AUX
fsr-3337	120	4	:	:	PUNCT
fsr-3337	120	5	table	table	NOUN
fsr-3337	120	6	3a	3a	NUM
fsr-3337	120	7	:	:	PUNCT
fsr-3337	120	8	sharpe	sharpe	PROPN
fsr-3337	120	9	and	and	CCONJ
fsr-3337	120	10	sortino	sortino	ADJ
fsr-3337	120	11	ratios	ratio	NOUN
fsr-3337	120	12	calculated	calculate	VERB
fsr-3337	120	13	using	use	VERB
fsr-3337	120	14	three	three	NUM
fsr-3337	120	15	month	month	NOUN
fsr-3337	120	16	t	t	PROPN
fsr-3337	120	17	-	-	PUNCT
fsr-3337	120	18	bill	bill	NOUN
fsr-3337	120	19	and	and	CCONJ
fsr-3337	120	20	three	three	NUM
fsr-3337	120	21	month	month	NOUN
fsr-3337	120	22	libor	libor	PROPN
fsr-3337	120	23	rates	rates	PROPN
fsr-3337	120	24	rank	rank	VERB
fsr-3337	120	25	(	(	PUNCT
fsr-3337	120	26	t	t	NOUN
fsr-3337	120	27	-	-	PUNCT
fsr-3337	120	28	bill	bill	NOUN
fsr-3337	120	29	)	)	PUNCT
fsr-3337	120	30	etf	etf	NOUN
fsr-3337	120	31	sharpe	sharpe	PROPN
fsr-3337	120	32	ratio	ratio	PROPN
fsr-3337	120	33	sortino	sortino	PROPN
fsr-3337	120	34	ratio	ratio	PROPN
fsr-3337	120	35	category	category	PROPN
fsr-3337	120	36	rank	rank	PROPN
fsr-3337	120	37	(	(	PUNCT
fsr-3337	120	38	libor	libor	PROPN
fsr-3337	120	39	)	)	PUNCT
fsr-3337	120	40	etf	etf	PROPN
fsr-3337	120	41	sharpe	sharpe	PROPN
fsr-3337	120	42	ratio	ratio	PROPN
fsr-3337	120	43	sortino	sortino	PROPN
fsr-3337	120	44	ratio	ratio	PROPN
fsr-3337	120	45	category	category	NOUN
fsr-3337	120	46	1	1	NUM
fsr-3337	121	1	qqq	qqq	NOUN
fsr-3337	121	2	0.1176	0.1176	NUM
fsr-3337	121	3	0.1684	0.1684	NUM
fsr-3337	121	4	u.s	u.s	PROPN
fsr-3337	121	5	.	.	PROPN
fsr-3337	121	6	1	1	NUM
fsr-3337	121	7	qqq	qqq	NOUN
fsr-3337	121	8	0.1163	0.1163	NUM
fsr-3337	121	9	0.1663	0.1663	NUM
fsr-3337	121	10	us	us	PROPN
fsr-3337	121	11	2	2	NUM
fsr-3337	121	12	dia	dia	PROPN
fsr-3337	121	13	0.1004	0.1004	NUM
fsr-3337	121	14	0.1403	0.1403	NUM
fsr-3337	121	15	u.s	u.s	PROPN
fsr-3337	121	16	.	.	PROPN
fsr-3337	121	17	2	2	NUM
fsr-3337	121	18	dia	dia	PROPN
fsr-3337	121	19	0.0989	0.0989	NUM
fsr-3337	121	20	0.1380	0.1380	NUM
fsr-3337	121	21	us	we	PRON
fsr-3337	121	22	3	3	NUM
fsr-3337	121	23	iyy	iyy	VERB
fsr-3337	121	24	0.0853	0.0853	NUM
fsr-3337	121	25	0.1175	0.1175	NUM
fsr-3337	121	26	u.s	u.s	PROPN
fsr-3337	121	27	.	.	PROPN
fsr-3337	121	28	3	3	NUM
fsr-3337	121	29	iyy	iyy	VERB
fsr-3337	121	30	0.0841	0.0841	NUM
fsr-3337	121	31	0.1155	0.1155	NUM
fsr-3337	121	32	us	us	PROPN
fsr-3337	121	33	4	4	NUM
fsr-3337	121	34	iwv	iwv	NOUN
fsr-3337	121	35	0.0845	0.0845	NUM
fsr-3337	121	36	0.1161	0.1161	NUM
fsr-3337	121	37	u.s	u.s	PROPN
fsr-3337	121	38	.	.	PROPN
fsr-3337	121	39	4	4	NUM
fsr-3337	121	40	iwv	iwv	VERB
fsr-3337	121	41	0.0833	0.0833	NUM
fsr-3337	121	42	0.1142	0.1142	NUM
fsr-3337	121	43	us	we	PRON
fsr-3337	121	44	5	5	NUM
fsr-3337	121	45	iwb	iwb	NOUN
fsr-3337	121	46	0.0832	0.0832	NUM
fsr-3337	121	47	0.1144	0.1144	NUM
fsr-3337	121	48	u.s	u.s	PROPN
fsr-3337	121	49	.	.	PROPN
fsr-3337	121	50	5	5	NUM
fsr-3337	121	51	iwb	iwb	NOUN
fsr-3337	121	52	0.0820	0.0820	NUM
fsr-3337	121	53	0.1125	0.1125	NUM
fsr-3337	121	54	us	we	PRON
fsr-3337	121	55	6	6	NUM
fsr-3337	121	56	ivv	ivv	NOUN
fsr-3337	121	57	0.0808	0.0808	NUM
fsr-3337	121	58	0.1111	0.1111	NUM
fsr-3337	121	59	u.s	u.s	PROPN
fsr-3337	121	60	.	.	PROPN
fsr-3337	121	61	6	6	NUM
fsr-3337	121	62	ivv	ivv	VERB
fsr-3337	121	63	0.0796	0.0796	NUM
fsr-3337	121	64	0.1092	0.1092	NUM
fsr-3337	121	65	us	we	PRON
fsr-3337	121	66	7	7	NUM
fsr-3337	121	67	tok	tok	NOUN
fsr-3337	121	68	0.0372	0.0372	NUM
fsr-3337	121	69	0.0505	0.0505	NUM
fsr-3337	121	70	total	total	ADJ
fsr-3337	121	71	world	world	NOUN
fsr-3337	121	72	7	7	NUM
fsr-3337	121	73	dem	dem	ADJ
fsr-3337	121	74	0.0603	0.0603	NUM
fsr-3337	121	75	0.0860	0.0860	NUM
fsr-3337	121	76	emerging	emerge	VERB
fsr-3337	121	77	8	8	NUM
fsr-3337	121	78	dnl	dnl	NOUN
fsr-3337	121	79	0.0365	0.0365	NUM
fsr-3337	121	80	0.0516	0.0516	NUM
fsr-3337	121	81	total	total	ADJ
fsr-3337	121	82	world	world	NOUN
fsr-3337	121	83	ex	ex	X
fsr-3337	121	84	u.s	u.s	PROPN
fsr-3337	121	85	.	.	PROPN
fsr-3337	121	86	8	8	NUM
fsr-3337	121	87	dnl	dnl	PROPN
fsr-3337	122	1	0.0356	0.0356	NUM
fsr-3337	122	2	0.0502	0.0502	NUM
fsr-3337	122	3	total	total	ADJ
fsr-3337	122	4	world	world	NOUN
fsr-3337	122	5	ex	ex	X
fsr-3337	122	6	us	us	PROPN
fsr-3337	122	7	9	9	NUM
fsr-3337	122	8	fgd	fgd	PROPN
fsr-3337	122	9	0.0364	0.0364	NUM
fsr-3337	122	10	0.0514	0.0514	NUM
fsr-3337	122	11	total	total	ADJ
fsr-3337	122	12	world	world	NOUN
fsr-3337	122	13	9	9	NUM
fsr-3337	122	14	fgd	fgd	PROPN
fsr-3337	122	15	0.0356	0.0356	NUM
fsr-3337	122	16	0.0501	0.0501	NUM
fsr-3337	122	17	total	total	ADJ
fsr-3337	122	18	world	world	NOUN
fsr-3337	122	19	10	10	NUM
fsr-3337	122	20	idv	idv	NOUN
fsr-3337	122	21	0.0202	0.0202	NUM
fsr-3337	122	22	0.0278	0.0278	NUM
fsr-3337	122	23	developed	develop	VERB
fsr-3337	122	24	10	10	NUM
fsr-3337	122	25	tok	tok	NOUN
fsr-3337	122	26	0.0363	0.0363	NUM
fsr-3337	122	27	0.0492	0.0492	NUM
fsr-3337	122	28	total	total	ADJ
fsr-3337	122	29	world	world	NOUN
fsr-3337	122	30	11	11	NUM
fsr-3337	122	31	ioo	ioo	VERB
fsr-3337	122	32	0.0191	0.0191	NUM
fsr-3337	122	33	0.0261	0.0261	NUM
fsr-3337	122	34	total	total	ADJ
fsr-3337	122	35	world	world	NOUN
fsr-3337	122	36	11	11	NUM
fsr-3337	122	37	idv	idv	NOUN
fsr-3337	122	38	0.0196	0.0196	NUM
fsr-3337	122	39	0.0268	0.0268	NUM
fsr-3337	122	40	developed	develop	VERB
fsr-3337	122	41	12	12	NUM
fsr-3337	122	42	piz	piz	PROPN
fsr-3337	122	43	0.0168	0.0168	NUM
fsr-3337	122	44	0.0224	0.0224	NUM
fsr-3337	122	45	developed	develop	VERB
fsr-3337	122	46	12	12	NUM
fsr-3337	122	47	ioo	ioo	ADJ
fsr-3337	122	48	0.0182	0.0182	NUM
fsr-3337	122	49	0.0248	0.0248	NUM
fsr-3337	122	50	total	total	ADJ
fsr-3337	122	51	world	world	NOUN
fsr-3337	122	52	13	13	NUM
fsr-3337	122	53	gmm	gmm	NOUN
fsr-3337	122	54	0.0145	0.0145	NUM
fsr-3337	122	55	0.0201	0.0201	NUM
fsr-3337	122	56	emerging	emerge	VERB
fsr-3337	122	57	13	13	NUM
fsr-3337	122	58	piz	piz	NOUN
fsr-3337	122	59	0.0161	0.0161	NUM
fsr-3337	122	60	0.0214	0.0214	NUM
fsr-3337	122	61	developed	develop	VERB
fsr-3337	122	62	14	14	NUM
fsr-3337	122	63	vwo	vwo	PROPN
fsr-3337	122	64	0.0084	0.0084	NUM
fsr-3337	122	65	0.0118	0.0118	NUM
fsr-3337	122	66	emerging	emerge	VERB
fsr-3337	122	67	14	14	NUM
fsr-3337	122	68	gmm	gmm	NOUN
fsr-3337	122	69	0.0139	0.0139	NUM
fsr-3337	122	70	0.0192	0.0192	NUM
fsr-3337	122	71	emerging	emerge	VERB
fsr-3337	122	72	15	15	NUM
fsr-3337	122	73	lvl	lvl	NOUN
fsr-3337	122	74	0.0069	0.0069	NUM
fsr-3337	122	75	0.0094	0.0094	NUM
fsr-3337	122	76	total	total	ADJ
fsr-3337	122	77	world	world	NOUN
fsr-3337	122	78	15	15	NUM
fsr-3337	122	79	vwo	vwo	PROPN
fsr-3337	122	80	0.0078	0.0078	PROPN
fsr-3337	122	81	0.0109	0.0109	NUM
fsr-3337	122	82	emerging	emerge	VERB
fsr-3337	122	83	16	16	NUM
fsr-3337	122	84	dem	dem	NOUN
fsr-3337	122	85	0.0611	0.0611	NUM
fsr-3337	122	86	0.0874	0.0874	NUM
fsr-3337	122	87	emerging	emerge	VERB
fsr-3337	122	88	16	16	NUM
fsr-3337	122	89	lvl	lvl	NOUN
fsr-3337	122	90	0.0061	0.0061	NUM
fsr-3337	122	91	0.0083	0.0083	NUM
fsr-3337	122	92	total	total	ADJ
fsr-3337	122	93	world	world	NOUN
fsr-3337	122	94	17	17	NUM
fsr-3337	122	95	eem	eem	VERB
fsr-3337	122	96	0.0059	0.0059	NUM
fsr-3337	122	97	0.0082	0.0082	NUM
fsr-3337	122	98	emerging	emerge	VERB
fsr-3337	122	99	17	17	NUM
fsr-3337	122	100	eem	eem	NOUN
fsr-3337	122	101	0.0053	0.0053	NUM
fsr-3337	122	102	0.0073	0.0073	NUM
fsr-3337	122	103	emerging	emerge	VERB
fsr-3337	122	104	18	18	NUM
fsr-3337	122	105	veu	veu	PROPN
fsr-3337	122	106	0.0025	0.0025	NUM
fsr-3337	122	107	0.0034	0.0034	NUM
fsr-3337	122	108	total	total	ADJ
fsr-3337	122	109	world	world	NOUN
fsr-3337	122	110	ex	ex	PROPN
fsr-3337	122	111	u.s	u.s	PROPN
fsr-3337	122	112	.	.	PROPN
fsr-3337	122	113	18	18	NUM
fsr-3337	122	114	veu	veu	PROPN
fsr-3337	122	115	0.0018	0.0018	NUM
fsr-3337	122	116	0.0024	0.0024	NUM
fsr-3337	122	117	total	total	ADJ
fsr-3337	122	118	world	world	NOUN
fsr-3337	122	119	ex	ex	X
fsr-3337	122	120	us	us	PROPN
fsr-3337	122	121	19	19	NUM
fsr-3337	122	122	vea	vea	NOUN
fsr-3337	122	123	0.0002	0.0002	NUM
fsr-3337	122	124	0.0002	0.0002	NUM
fsr-3337	122	125	developed	develop	VERB
fsr-3337	122	126	19	19	NUM
fsr-3337	122	127	vea	vea	PROPN
fsr-3337	122	128	�	�	PROPN
fsr-3337	122	129	0.0005	0.0005	NUM
fsr-3337	122	130	�	�	PROPN
fsr-3337	122	131	0.0007	0.0007	NUM
fsr-3337	122	132	developed	develop	VERB
fsr-3337	122	133	20	20	NUM
fsr-3337	122	134	gwl	gwl	NOUN
fsr-3337	122	135	�	�	PROPN
fsr-3337	122	136	0.0007	0.0007	NUM
fsr-3337	122	137	�	�	PROPN
fsr-3337	122	138	0.0010	0.0010	NUM
fsr-3337	122	139	total	total	ADJ
fsr-3337	122	140	world	world	NOUN
fsr-3337	122	141	ex	ex	X
fsr-3337	122	142	u.s	u.s	PROPN
fsr-3337	122	143	.	.	PROPN
fsr-3337	122	144	20	20	NUM
fsr-3337	122	145	gwl	gwl	NOUN
fsr-3337	122	146	�	�	PROPN
fsr-3337	122	147	0.0015	0.0015	NUM
fsr-3337	122	148	�	�	PROPN
fsr-3337	122	149	0.0020	0.0020	NUM
fsr-3337	122	150	total	total	ADJ
fsr-3337	122	151	world	world	NOUN
fsr-3337	122	152	ex	ex	X
fsr-3337	122	153	us	us	PROPN
fsr-3337	122	154	21	21	NUM
fsr-3337	122	155	cwi	cwi	NOUN
fsr-3337	122	156	�	�	PROPN
fsr-3337	122	157	0.0010	0.0010	NUM
fsr-3337	122	158	�	�	PROPN
fsr-3337	122	159	0.0013	0.0013	NUM
fsr-3337	122	160	total	total	ADJ
fsr-3337	122	161	world	world	NOUN
fsr-3337	122	162	ex	ex	PROPN
fsr-3337	122	163	u.s	u.s	PROPN
fsr-3337	122	164	.	.	PROPN
fsr-3337	122	165	21	21	NUM
fsr-3337	122	166	cwi	cwi	PROPN
fsr-3337	122	167	�	�	PROPN
fsr-3337	122	168	0.0017	0.0017	NUM
fsr-3337	122	169	�	�	NOUN
fsr-3337	122	170	0.0023	0.0023	NUM
fsr-3337	122	171	total	total	ADJ
fsr-3337	122	172	world	world	NOUN
fsr-3337	122	173	ex	ex	X
fsr-3337	122	174	us	us	PROPN
fsr-3337	122	175	22	22	NUM
fsr-3337	122	176	pxf	pxf	PROPN
fsr-3337	122	177	�	�	PROPN
fsr-3337	122	178	0.0022	0.0022	NUM
fsr-3337	122	179	�	�	PROPN
fsr-3337	122	180	0.0031	0.0031	NUM
fsr-3337	122	181	developed	develop	VERB
fsr-3337	122	182	22	22	NUM
fsr-3337	122	183	pxf	pxf	PROPN
fsr-3337	122	184	�	�	PROPN
fsr-3337	122	185	0.0028	0.0028	NUM
fsr-3337	122	186	�	�	PROPN
fsr-3337	122	187	0.0040	0.0040	NUM
fsr-3337	122	188	developed	develop	VERB
fsr-3337	122	189	23	23	NUM
fsr-3337	122	190	pxh	pxh	NOUN
fsr-3337	122	191	�	�	PROPN
fsr-3337	122	192	0.0028	0.0028	NUM
fsr-3337	122	193	�	�	NOUN
fsr-3337	122	194	0.0040	0.0040	NUM
fsr-3337	122	195	emerging	emerge	VERB
fsr-3337	122	196	23	23	NUM
fsr-3337	122	197	pxh	pxh	NOUN
fsr-3337	122	198	�	�	PROPN
fsr-3337	122	199	0.0034	0.0034	NUM
fsr-3337	122	200	�	�	PROPN
fsr-3337	122	201	0.0048	0.0048	NUM
fsr-3337	122	202	emerging	emerge	VERB
fsr-3337	122	203	24	24	NUM
fsr-3337	122	204	efa	efa	PROPN
fsr-3337	122	205	�	�	PROPN
fsr-3337	122	206	0.0063	0.0063	NUM
fsr-3337	122	207	�	�	PROPN
fsr-3337	122	208	0.0084	0.0084	NUM
fsr-3337	122	209	developed	develop	VERB
fsr-3337	122	210	24	24	NUM
fsr-3337	122	211	efa	efa	PROPN
fsr-3337	122	212	�	�	PROPN
fsr-3337	122	213	0.0070	0.0070	NUM
fsr-3337	122	214	�	�	PROPN
fsr-3337	122	215	0.0093	0.0093	NUM
fsr-3337	122	216	developed	develop	VERB
fsr-3337	122	217	25	25	NUM
fsr-3337	122	218	dew	dew	NOUN
fsr-3337	122	219	�	�	PROPN
fsr-3337	122	220	0.0071	0.0071	NUM
fsr-3337	122	221	�	�	NUM
fsr-3337	122	222	0.0093	0.0093	NUM
fsr-3337	122	223	total	total	ADJ
fsr-3337	122	224	world	world	NOUN
fsr-3337	122	225	25	25	NUM
fsr-3337	122	226	dew	dew	NOUN
fsr-3337	122	227	�	�	PROPN
fsr-3337	122	228	0.0078	0.0078	NUM
fsr-3337	122	229	�	�	PROPN
fsr-3337	122	230	0.0102	0.0102	NUM
fsr-3337	122	231	total	total	ADJ
fsr-3337	122	232	world	world	NOUN
fsr-3337	122	233	26	26	NUM
fsr-3337	122	234	pie	pie	NOUN
fsr-3337	122	235	�	�	PROPN
fsr-3337	122	236	0.0082	0.0082	NUM
fsr-3337	122	237	�	�	PROPN
fsr-3337	122	238	0.0103	0.0103	NUM
fsr-3337	122	239	emerging	emerge	VERB
fsr-3337	122	240	26	26	NUM
fsr-3337	122	241	pie	pie	NOUN
fsr-3337	122	242	�	�	PROPN
fsr-3337	122	243	0.0087	0.0087	NUM
fsr-3337	122	244	�	�	NOUN
fsr-3337	122	245	0.0110	0.0110	NUM
fsr-3337	122	246	emerging	emerge	VERB
fsr-3337	122	247	27	27	NUM
fsr-3337	122	248	adrd	adrd	ADJ
fsr-3337	122	249	�	�	PROPN
fsr-3337	122	250	0.0110	0.0110	NUM
fsr-3337	122	251	�	�	PROPN
fsr-3337	122	252	0.0151	0.0151	NUM
fsr-3337	122	253	developed	develop	VERB
fsr-3337	122	254	27	27	NUM
fsr-3337	122	255	adrd	adrd	ADJ
fsr-3337	122	256	�	�	PROPN
fsr-3337	122	257	0.0117	0.0117	NUM
fsr-3337	122	258	�	�	PROPN
fsr-3337	122	259	0.0159	0.0159	NUM
fsr-3337	122	260	developed	develop	VERB
fsr-3337	122	261	28	28	NUM
fsr-3337	122	262	dwm	dwm	PROPN
fsr-3337	122	263	�	�	PROPN
fsr-3337	122	264	0.0141	0.0141	NUM
fsr-3337	122	265	�	�	NOUN
fsr-3337	122	266	0.0187	0.0187	NUM
fsr-3337	122	267	developed	develop	VERB
fsr-3337	122	268	28	28	NUM
fsr-3337	122	269	dwm	dwm	PROPN
fsr-3337	122	270	�	�	PROPN
fsr-3337	122	271	0.0148	0.0148	NUM
fsr-3337	122	272	�	�	PROPN
fsr-3337	122	273	0.0195	0.0195	NUM
fsr-3337	122	274	developed	develop	VERB
fsr-3337	122	275	29	29	NUM
fsr-3337	122	276	bik	bik	PROPN
fsr-3337	122	277	�	�	PROPN
fsr-3337	122	278	0.0152	0.0152	PROPN
fsr-3337	122	279	�	�	PROPN
fsr-3337	122	280	0.0207	0.0207	NOUN
fsr-3337	122	281	emerging	emerge	VERB
fsr-3337	122	282	29	29	NUM
fsr-3337	122	283	bik	bik	PROPN
fsr-3337	122	284	�	�	PROPN
fsr-3337	122	285	0.0157	0.0157	NUM
fsr-3337	122	286	�	�	PROPN
fsr-3337	122	287	0.0213	0.0213	NUM
fsr-3337	122	288	emerging	emerge	VERB
fsr-3337	122	289	30	30	NUM
fsr-3337	122	290	dgt	dgt	PROPN
fsr-3337	122	291	�	�	PROPN
fsr-3337	122	292	0.0174	0.0174	NUM
fsr-3337	122	293	�	�	PROPN
fsr-3337	122	294	0.0231	0.0231	NUM
fsr-3337	122	295	total	total	ADJ
fsr-3337	122	296	world	world	NOUN
fsr-3337	122	297	30	30	NUM
fsr-3337	122	298	dgt	dgt	PROPN
fsr-3337	122	299	�	�	PROPN
fsr-3337	122	300	0.0182	0.0182	NUM
fsr-3337	122	301	�	�	NOUN
fsr-3337	122	302	0.0240	0.0240	NUM
fsr-3337	122	303	total	total	ADJ
fsr-3337	122	304	world	world	NOUN
fsr-3337	122	305	31	31	NUM
fsr-3337	122	306	dth	dth	PROPN
fsr-3337	122	307	�	�	PROPN
fsr-3337	122	308	0.0178	0.0178	NUM
fsr-3337	122	309	�	�	NOUN
fsr-3337	122	310	0.0236	0.0236	NUM
fsr-3337	122	311	developed	develop	VERB
fsr-3337	122	312	31	31	NUM
fsr-3337	122	313	dth	dth	PROPN
fsr-3337	122	314	�	�	PROPN
fsr-3337	122	315	0.0184	0.0184	NUM
fsr-3337	122	316	�	�	PROPN
fsr-3337	122	317	0.0244	0.0244	NUM
fsr-3337	122	318	developed	develop	VERB
fsr-3337	122	319	32	32	NUM
fsr-3337	122	320	dol	dol	ADJ
fsr-3337	122	321	�	�	PROPN
fsr-3337	122	322	0.0191	0.0191	NUM
fsr-3337	122	323	�	�	NOUN
fsr-3337	122	324	0.0253	0.0253	NUM
fsr-3337	122	325	developed	develop	VERB
fsr-3337	122	326	32	32	NUM
fsr-3337	122	327	dol	dol	PROPN
fsr-3337	122	328	�	�	PROPN
fsr-3337	122	329	0.0198	0.0198	NUM
fsr-3337	122	330	�	�	PROPN
fsr-3337	122	331	0.0261	0.0261	NUM
fsr-3337	122	332	developed	develop	VERB
fsr-3337	122	333	33	33	NUM
fsr-3337	122	334	doo	doo	NOUN
fsr-3337	122	335	�	�	PROPN
fsr-3337	122	336	0.0227	0.0227	NUM
fsr-3337	122	337	�	�	NOUN
fsr-3337	122	338	0.0298	0.0298	NUM
fsr-3337	122	339	developed	develop	VERB
fsr-3337	122	340	33	33	NUM
fsr-3337	122	341	doo	doo	NOUN
fsr-3337	122	342	�	�	PROPN
fsr-3337	122	343	0.0233	0.0233	NUM
fsr-3337	122	344	�	�	NOUN
fsr-3337	122	345	0.0305	0.0305	NUM
fsr-3337	122	346	developed	develop	VERB
fsr-3337	122	347	34	34	NUM
fsr-3337	122	348	adre	adre	PROPN
fsr-3337	122	349	�	�	PROPN
fsr-3337	122	350	0.0291	0.0291	PROPN
fsr-3337	122	351	�	�	PROPN
fsr-3337	122	352	0.0396	0.0396	NUM
fsr-3337	122	353	emerging	emerge	VERB
fsr-3337	122	354	34	34	NUM
fsr-3337	122	355	adre	adre	PROPN
fsr-3337	122	356	�	�	PROPN
fsr-3337	122	357	0.0296	0.0296	NUM
fsr-3337	122	358	�	�	NUM
fsr-3337	122	359	0.0403	0.0403	NUM
fsr-3337	122	360	emerging	emerge	VERB
fsr-3337	122	361	35	35	NUM
fsr-3337	122	362	eeb	eeb	PROPN
fsr-3337	122	363	�	�	PROPN
fsr-3337	122	364	0.0295	0.0295	NUM
fsr-3337	122	365	�	�	NUM
fsr-3337	122	366	0.0408	0.0408	NUM
fsr-3337	122	367	emerging	emerge	VERB
fsr-3337	122	368	35	35	NUM
fsr-3337	122	369	eeb	eeb	PROPN
fsr-3337	122	370	�	�	PROPN
fsr-3337	122	371	0.0300	0.0300	NUM
fsr-3337	122	372	�	�	NOUN
fsr-3337	122	373	0.0414	0.0414	NUM
fsr-3337	122	374	emerging	emerge	VERB
fsr-3337	122	375	36	36	NUM
fsr-3337	122	376	bkf	bkf	NOUN
fsr-3337	122	377	�	�	PROPN
fsr-3337	122	378	0.0300	0.0300	NUM
fsr-3337	122	379	�	�	NOUN
fsr-3337	122	380	0.0410	0.0410	NUM
fsr-3337	122	381	emerging	emerge	VERB
fsr-3337	122	382	36	36	NUM
fsr-3337	122	383	bkf	bkf	NOUN
fsr-3337	122	384	�	�	PROPN
fsr-3337	122	385	0.0305	0.0305	NUM
fsr-3337	122	386	�	�	NOUN
fsr-3337	122	387	0.0415	0.0415	NUM
fsr-3337	122	388	emerging	emerge	VERB
fsr-3337	122	389	etfs	etfs	NOUN
fsr-3337	122	390	are	be	AUX
fsr-3337	122	391	ranked	rank	VERB
fsr-3337	122	392	in	in	ADP
fsr-3337	122	393	descending	descend	VERB
fsr-3337	122	394	order	order	NOUN
fsr-3337	122	395	based	base	VERB
fsr-3337	122	396	on	on	ADP
fsr-3337	122	397	sharpe	sharpe	PROPN
fsr-3337	122	398	and	and	CCONJ
fsr-3337	122	399	sortino	sortino	ADJ
fsr-3337	122	400	ratios	ratio	NOUN
fsr-3337	122	401	.	.	PUNCT
fsr-3337	123	1	256	256	NUM
fsr-3337	123	2	s.	s.	PROPN
fsr-3337	123	3	kanuri	kanuri	PROPN
fsr-3337	123	4	,	,	PUNCT
fsr-3337	123	5	r.w	r.w	PROPN
fsr-3337	123	6	.	.	PROPN
fsr-3337	123	7	mcleod	mcleod	PROPN
fsr-3337	123	8	/	/	SYM
fsr-3337	123	9	financial	financial	ADJ
fsr-3337	123	10	services	service	NOUN
fsr-3337	123	11	review	review	VERB
fsr-3337	123	12	24	24	NUM
fsr-3337	123	13	(	(	PUNCT
fsr-3337	123	14	2015	2015	NUM
fsr-3337	123	15	)	)	PUNCT
fsr-3337	124	1	249–270	249–270	NUM
fsr-3337	124	2	etfi.t	etfi.t	PROPN
fsr-3337	124	3	�	�	PROPN
fsr-3337	124	4	�	�	PROPN
fsr-3337	124	5	i	i	PROPN
fsr-3337	124	6	�	�	PROPN
fsr-3337	124	7	�	�	PROPN
fsr-3337	124	8	i*bri.t	i*bri.t	PROPN
fsr-3337	124	9	�	�	PROPN
fsr-3337	124	10	�	�	PROPN
fsr-3337	124	11	i	i	PROPN
fsr-3337	124	12	,	,	PUNCT
fsr-3337	124	13	t	t	PROPN
fsr-3337	124	14	(	(	PUNCT
fsr-3337	124	15	5	5	NUM
fsr-3337	124	16	)	)	PUNCT
fsr-3337	124	17	where	where	SCONJ
fsr-3337	124	18	etf	etf	PROPN
fsr-3337	124	19	i.t	i.t	PROPN
fsr-3337	124	20	and	and	CCONJ
fsr-3337	124	21	br	br	PROPN
fsr-3337	124	22	i.t	i.t	PROPN
fsr-3337	124	23	are	be	AUX
fsr-3337	124	24	monthly	monthly	ADJ
fsr-3337	124	25	etf	etf	NOUN
fsr-3337	124	26	and	and	CCONJ
fsr-3337	124	27	benchmark	benchmark	NOUN
fsr-3337	124	28	returns	return	NOUN
fsr-3337	124	29	,	,	PUNCT
fsr-3337	124	30	respectively	respectively	ADV
fsr-3337	124	31	.	.	PUNCT
fsr-3337	125	1	in	in	ADP
fsr-3337	125	2	this	this	DET
fsr-3337	125	3	model	model	NOUN
fsr-3337	125	4	the	the	DET
fsr-3337	125	5	standard	standard	ADJ
fsr-3337	125	6	errors	error	NOUN
fsr-3337	125	7	from	from	ADP
fsr-3337	125	8	regressions	regression	NOUN
fsr-3337	125	9	proxy	proxy	ADJ
fsr-3337	125	10	tracking	tracking	NOUN
fsr-3337	125	11	errors	error	NOUN
fsr-3337	125	12	.	.	PUNCT
fsr-3337	126	1	if	if	SCONJ
fsr-3337	126	2	the	the	DET
fsr-3337	126	3	etf	etf	NOUN
fsr-3337	126	4	perfectly	perfectly	ADV
fsr-3337	126	5	follows	follow	VERB
fsr-3337	126	6	its	its	PRON
fsr-3337	126	7	benchmark	benchmark	NOUN
fsr-3337	126	8	,	,	PUNCT
fsr-3337	126	9	then	then	ADV
fsr-3337	126	10	the	the	DET
fsr-3337	126	11	standard	standard	ADJ
fsr-3337	126	12	deviation	deviation	NOUN
fsr-3337	126	13	of	of	ADP
fsr-3337	126	14	residuals	residual	NOUN
fsr-3337	126	15	from	from	ADP
fsr-3337	126	16	the	the	DET
fsr-3337	126	17	regression	regression	NOUN
fsr-3337	126	18	must	must	AUX
fsr-3337	126	19	be	be	AUX
fsr-3337	126	20	zero	zero	NUM
fsr-3337	126	21	.	.	PUNCT
fsr-3337	127	1	te3	te3	PROPN
fsr-3337	127	2	–	–	PUNCT
fsr-3337	127	3	the	the	DET
fsr-3337	127	4	third	third	ADJ
fsr-3337	127	5	method	method	NOUN
fsr-3337	127	6	estimates	estimate	VERB
fsr-3337	127	7	tracking	track	VERB
fsr-3337	127	8	error	error	NOUN
fsr-3337	127	9	as	as	ADP
fsr-3337	127	10	the	the	DET
fsr-3337	127	11	standard	standard	ADJ
fsr-3337	127	12	deviation	deviation	NOUN
fsr-3337	127	13	of	of	ADP
fsr-3337	127	14	the	the	DET
fsr-3337	127	15	return	return	NOUN
fsr-3337	127	16	difference	difference	NOUN
fsr-3337	127	17	between	between	ADP
fsr-3337	127	18	an	an	DET
fsr-3337	127	19	etf	etf	NOUN
fsr-3337	127	20	and	and	CCONJ
fsr-3337	127	21	its	its	PRON
fsr-3337	127	22	benchmark	benchmark	NOUN
fsr-3337	127	23	index	index	NOUN
fsr-3337	127	24	.	.	PUNCT
fsr-3337	128	1	this	this	DET
fsr-3337	128	2	method	method	NOUN
fsr-3337	128	3	is	be	AUX
fsr-3337	128	4	the	the	DET
fsr-3337	128	5	one	one	NOUN
fsr-3337	128	6	that	that	PRON
fsr-3337	128	7	is	be	AUX
fsr-3337	128	8	most	most	ADJ
fsr-3337	128	9	table	table	NOUN
fsr-3337	128	10	3b	3b	NOUN
fsr-3337	128	11	:	:	PUNCT
fsr-3337	128	12	treynor	treynor	NOUN
fsr-3337	128	13	ratios	ratio	NOUN
fsr-3337	128	14	calculated	calculate	VERB
fsr-3337	128	15	using	use	VERB
fsr-3337	128	16	three	three	NUM
fsr-3337	128	17	month	month	NOUN
fsr-3337	128	18	t	t	PROPN
fsr-3337	128	19	-	-	PUNCT
fsr-3337	128	20	bill	bill	NOUN
fsr-3337	128	21	and	and	CCONJ
fsr-3337	128	22	three	three	NUM
fsr-3337	128	23	month	month	NOUN
fsr-3337	128	24	libor	libor	PROPN
fsr-3337	128	25	rates	rates	PROPN
fsr-3337	128	26	rank	rank	VERB
fsr-3337	128	27	(	(	PUNCT
fsr-3337	128	28	t	t	NOUN
fsr-3337	128	29	-	-	PUNCT
fsr-3337	128	30	bill	bill	NOUN
fsr-3337	128	31	)	)	PUNCT
fsr-3337	128	32	etf	etf	NOUN
fsr-3337	128	33	treynor	treynor	NOUN
fsr-3337	128	34	ratio	ratio	NOUN
fsr-3337	128	35	category	category	NOUN
fsr-3337	128	36	rank	rank	PROPN
fsr-3337	128	37	(	(	PUNCT
fsr-3337	128	38	libor	libor	PROPN
fsr-3337	128	39	)	)	PUNCT
fsr-3337	128	40	etf	etf	NOUN
fsr-3337	128	41	treynor	treynor	NOUN
fsr-3337	128	42	ratio	ratio	NOUN
fsr-3337	128	43	category	category	NOUN
fsr-3337	128	44	1	1	NUM
fsr-3337	128	45	qqq	qqq	NOUN
fsr-3337	128	46	0.7246	0.7246	NUM
fsr-3337	128	47	us	we	PRON
fsr-3337	128	48	1	1	NUM
fsr-3337	128	49	qqq	qqq	NOUN
fsr-3337	128	50	0.7199	0.7199	NUM
fsr-3337	128	51	us	us	PROPN
fsr-3337	128	52	2	2	NUM
fsr-3337	128	53	dia	dia	PROPN
fsr-3337	128	54	0.4859	0.4859	NUM
fsr-3337	128	55	us	us	PROPN
fsr-3337	128	56	2	2	NUM
fsr-3337	128	57	dia	dia	PROPN
fsr-3337	128	58	0.4812	0.4812	NUM
fsr-3337	128	59	us	us	PROPN
fsr-3337	128	60	3	3	NUM
fsr-3337	128	61	iwv	iwv	PROPN
fsr-3337	128	62	0.4662	0.4662	NUM
fsr-3337	128	63	us	us	PROPN
fsr-3337	128	64	3	3	NUM
fsr-3337	128	65	iwv	iwv	NOUN
fsr-3337	128	66	0.4615	0.4615	NUM
fsr-3337	128	67	us	we	PRON
fsr-3337	128	68	4	4	NUM
fsr-3337	128	69	iyy	iyy	NOUN
fsr-3337	128	70	0.4661	0.4661	NUM
fsr-3337	128	71	us	we	PRON
fsr-3337	128	72	4	4	NUM
fsr-3337	128	73	iyy	iyy	NOUN
fsr-3337	128	74	0.4614	0.4614	NUM
fsr-3337	128	75	us	we	PRON
fsr-3337	128	76	5	5	NUM
fsr-3337	128	77	iwb	iwb	NOUN
fsr-3337	128	78	0.4521	0.4521	NUM
fsr-3337	128	79	us	we	PRON
fsr-3337	128	80	5	5	NUM
fsr-3337	128	81	iwb	iwb	NOUN
fsr-3337	128	82	0.4474	0.4474	NUM
fsr-3337	128	83	us	we	PRON
fsr-3337	128	84	6	6	NUM
fsr-3337	128	85	ivv	ivv	NOUN
fsr-3337	128	86	0.4299	0.4299	NUM
fsr-3337	128	87	us	we	PRON
fsr-3337	128	88	6	6	NUM
fsr-3337	128	89	ivv	ivv	NOUN
fsr-3337	128	90	0.4252	0.4252	NUM
fsr-3337	128	91	us	we	PRON
fsr-3337	128	92	7	7	NUM
fsr-3337	128	93	dem	dem	NOUN
fsr-3337	128	94	0.4120	0.4120	NUM
fsr-3337	128	95	emerging	emerge	VERB
fsr-3337	128	96	7	7	NUM
fsr-3337	128	97	dem	dem	NOUN
fsr-3337	128	98	0.4073	0.4073	NUM
fsr-3337	128	99	emerging	emerge	VERB
fsr-3337	128	100	8	8	NUM
fsr-3337	128	101	fgd	fgd	PROPN
fsr-3337	128	102	0.2581	0.2581	NUM
fsr-3337	128	103	total	total	ADJ
fsr-3337	128	104	world	world	NOUN
fsr-3337	128	105	8	8	NUM
fsr-3337	128	106	fgd	fgd	PROPN
fsr-3337	128	107	0.2535	0.2535	NUM
fsr-3337	128	108	total	total	ADJ
fsr-3337	128	109	world	world	NOUN
fsr-3337	128	110	9	9	NUM
fsr-3337	128	111	tok	tok	NOUN
fsr-3337	128	112	0.2238	0.2238	NUM
fsr-3337	128	113	total	total	ADJ
fsr-3337	128	114	world	world	NOUN
fsr-3337	128	115	9	9	NUM
fsr-3337	128	116	tok	tok	NOUN
fsr-3337	128	117	0.1616	0.1616	NUM
fsr-3337	128	118	total	total	ADJ
fsr-3337	128	119	world	world	NOUN
fsr-3337	128	120	10	10	NUM
fsr-3337	128	121	dnl	dnl	NOUN
fsr-3337	128	122	0.2048	0.2048	NUM
fsr-3337	128	123	total	total	ADJ
fsr-3337	128	124	world	world	NOUN
fsr-3337	128	125	ex	ex	X
fsr-3337	128	126	us	us	PROPN
fsr-3337	128	127	10	10	NUM
fsr-3337	128	128	idv	idv	PROPN
fsr-3337	128	129	0.1520	0.1520	NUM
fsr-3337	128	130	developed	develop	VERB
fsr-3337	128	131	11	11	NUM
fsr-3337	128	132	idv	idv	PROPN
fsr-3337	128	133	0.1568	0.1568	NUM
fsr-3337	128	134	developed	develop	VERB
fsr-3337	128	135	11	11	NUM
fsr-3337	128	136	dnl	dnl	NOUN
fsr-3337	128	137	0.1430	0.1430	NUM
fsr-3337	128	138	total	total	NOUN
fsr-3337	128	139	world	world	NOUN
fsr-3337	128	140	ex	ex	X
fsr-3337	128	141	us	us	PROPN
fsr-3337	128	142	12	12	NUM
fsr-3337	128	143	piz	piz	PROPN
fsr-3337	128	144	0.1228	0.1228	NUM
fsr-3337	128	145	developed	develop	VERB
fsr-3337	128	146	12	12	NUM
fsr-3337	128	147	piz	piz	PROPN
fsr-3337	128	148	0.1181	0.1181	NUM
fsr-3337	128	149	developed	develop	VERB
fsr-3337	128	150	13	13	NUM
fsr-3337	128	151	gmm	gmm	NOUN
fsr-3337	128	152	0.1168	0.1168	NUM
fsr-3337	128	153	emerging	emerge	VERB
fsr-3337	128	154	13	13	NUM
fsr-3337	128	155	gmm	gmm	NOUN
fsr-3337	128	156	0.1120	0.1120	NUM
fsr-3337	128	157	emerging	emerge	VERB
fsr-3337	128	158	14	14	NUM
fsr-3337	128	159	ioo	ioo	ADJ
fsr-3337	128	160	0.1096	0.1096	NUM
fsr-3337	128	161	total	total	ADJ
fsr-3337	128	162	world	world	NOUN
fsr-3337	128	163	14	14	NUM
fsr-3337	128	164	ioo	ioo	VERB
fsr-3337	128	165	0.1048	0.1048	NUM
fsr-3337	128	166	total	total	ADJ
fsr-3337	128	167	world	world	NOUN
fsr-3337	128	168	15	15	NUM
fsr-3337	128	169	vwo	vwo	PROPN
fsr-3337	128	170	0.0684	0.0684	NUM
fsr-3337	128	171	emerging	emerge	VERB
fsr-3337	128	172	15	15	NUM
fsr-3337	128	173	vwo	vwo	NOUN
fsr-3337	128	174	0.0638	0.0638	NUM
fsr-3337	128	175	emerging	emerge	VERB
fsr-3337	128	176	16	16	NUM
fsr-3337	128	177	lvl	lvl	NOUN
fsr-3337	128	178	0.0532	0.0532	NUM
fsr-3337	128	179	total	total	ADJ
fsr-3337	128	180	world	world	NOUN
fsr-3337	128	181	16	16	NUM
fsr-3337	128	182	eem	eem	VERB
fsr-3337	128	183	0.0426	0.0426	NUM
fsr-3337	128	184	emerging	emerge	VERB
fsr-3337	128	185	17	17	NUM
fsr-3337	128	186	eem	eem	NOUN
fsr-3337	128	187	0.0474	0.0474	NUM
fsr-3337	128	188	emerging	emerge	VERB
fsr-3337	128	189	17	17	NUM
fsr-3337	128	190	veu	veu	NOUN
fsr-3337	128	191	0.0124	0.0124	NUM
fsr-3337	128	192	total	total	ADJ
fsr-3337	128	193	world	world	NOUN
fsr-3337	128	194	ex	ex	X
fsr-3337	128	195	us	us	PROPN
fsr-3337	128	196	18	18	NUM
fsr-3337	128	197	veu	veu	PROPN
fsr-3337	128	198	0.0170	0.0170	NUM
fsr-3337	128	199	total	total	ADJ
fsr-3337	128	200	world	world	NOUN
fsr-3337	128	201	ex	ex	X
fsr-3337	128	202	us	us	PROPN
fsr-3337	128	203	18	18	NUM
fsr-3337	128	204	vea	vea	PROPN
fsr-3337	128	205	�	�	PROPN
fsr-3337	128	206	0.0036	0.0036	NUM
fsr-3337	128	207	developed	develop	VERB
fsr-3337	128	208	19	19	NUM
fsr-3337	128	209	vea	vea	PROPN
fsr-3337	128	210	0.0010	0.0010	NUM
fsr-3337	128	211	developed	develop	VERB
fsr-3337	128	212	19	19	NUM
fsr-3337	128	213	cwi	cwi	PROPN
fsr-3337	128	214	�	�	PROPN
fsr-3337	128	215	0.0113	0.0113	NUM
fsr-3337	128	216	developed	develop	VERB
fsr-3337	128	217	20	20	NUM
fsr-3337	128	218	gwl	gwl	NOUN
fsr-3337	128	219	�	�	PROPN
fsr-3337	128	220	0.0050	0.0050	NUM
fsr-3337	128	221	total	total	ADJ
fsr-3337	128	222	world	world	NOUN
fsr-3337	128	223	ex	ex	X
fsr-3337	128	224	us	us	PROPN
fsr-3337	128	225	20	20	NUM
fsr-3337	128	226	lvl	lvl	PROPN
fsr-3337	128	227	�	�	PROPN
fsr-3337	128	228	0.0091	0.0091	NUM
fsr-3337	128	229	total	total	ADJ
fsr-3337	128	230	world	world	NOUN
fsr-3337	128	231	21	21	NUM
fsr-3337	128	232	cwi	cwi	PROPN
fsr-3337	128	233	�	�	PROPN
fsr-3337	128	234	0.0066	0.0066	NUM
fsr-3337	128	235	total	total	ADJ
fsr-3337	128	236	world	world	NOUN
fsr-3337	128	237	ex	ex	X
fsr-3337	128	238	us	us	PROPN
fsr-3337	128	239	21	21	NUM
fsr-3337	128	240	gwl	gwl	NOUN
fsr-3337	128	241	�	�	PROPN
fsr-3337	128	242	0.0098	0.0098	NUM
fsr-3337	128	243	total	total	ADJ
fsr-3337	128	244	world	world	NOUN
fsr-3337	128	245	ex	ex	X
fsr-3337	128	246	us	us	PROPN
fsr-3337	128	247	22	22	NUM
fsr-3337	128	248	pxf	pxf	PROPN
fsr-3337	128	249	�	�	PROPN
fsr-3337	128	250	0.0162	0.0162	NUM
fsr-3337	128	251	developed	develop	VERB
fsr-3337	128	252	22	22	NUM
fsr-3337	128	253	pxf	pxf	PROPN
fsr-3337	128	254	�	�	PROPN
fsr-3337	128	255	0.0209	0.0209	NUM
fsr-3337	128	256	developed	develop	VERB
fsr-3337	128	257	23	23	NUM
fsr-3337	128	258	pxh	pxh	NOUN
fsr-3337	128	259	�	�	NOUN
fsr-3337	128	260	0.0230	0.0230	NUM
fsr-3337	128	261	emerging	emerge	VERB
fsr-3337	128	262	23	23	NUM
fsr-3337	128	263	pxh	pxh	NOUN
fsr-3337	128	264	�	�	NOUN
fsr-3337	128	265	0.0278	0.0278	NUM
fsr-3337	128	266	emerging	emerge	VERB
fsr-3337	128	267	24	24	NUM
fsr-3337	128	268	efa	efa	PROPN
fsr-3337	128	269	�	�	PROPN
fsr-3337	128	270	0.0415	0.0415	NUM
fsr-3337	128	271	developed	develop	VERB
fsr-3337	128	272	24	24	NUM
fsr-3337	128	273	efa	efa	PROPN
fsr-3337	128	274	�	�	PROPN
fsr-3337	128	275	0.0462	0.0462	NUM
fsr-3337	128	276	developed	develop	VERB
fsr-3337	128	277	25	25	NUM
fsr-3337	128	278	dew	dew	NOUN
fsr-3337	128	279	�	�	NOUN
fsr-3337	128	280	0.0452	0.0452	NUM
fsr-3337	128	281	total	total	ADJ
fsr-3337	128	282	world	world	NOUN
fsr-3337	128	283	25	25	NUM
fsr-3337	128	284	dew	dew	NOUN
fsr-3337	128	285	�	�	PROPN
fsr-3337	128	286	0.0497	0.0497	NUM
fsr-3337	128	287	total	total	ADJ
fsr-3337	128	288	world	world	NOUN
fsr-3337	128	289	26	26	NUM
fsr-3337	128	290	pie	pie	NOUN
fsr-3337	128	291	�	�	NOUN
fsr-3337	128	292	0.0675	0.0675	NUM
fsr-3337	128	293	emerging	emerge	VERB
fsr-3337	128	294	26	26	NUM
fsr-3337	128	295	pie	pie	NOUN
fsr-3337	128	296	�	�	NOUN
fsr-3337	128	297	0.0721	0.0721	NUM
fsr-3337	128	298	emerging	emerge	VERB
fsr-3337	128	299	27	27	NUM
fsr-3337	128	300	adrd	adrd	ADJ
fsr-3337	128	301	�	�	NUM
fsr-3337	128	302	0.0753	0.0753	NUM
fsr-3337	128	303	developed	develop	VERB
fsr-3337	128	304	27	27	NUM
fsr-3337	128	305	adrd	adrd	ADJ
fsr-3337	128	306	�	�	PROPN
fsr-3337	128	307	0.0800	0.0800	NUM
fsr-3337	128	308	developed	develop	VERB
fsr-3337	128	309	28	28	NUM
fsr-3337	128	310	dwm	dwm	PROPN
fsr-3337	128	311	�	�	PROPN
fsr-3337	128	312	0.0928	0.0928	NUM
fsr-3337	128	313	developed	develop	VERB
fsr-3337	128	314	28	28	NUM
fsr-3337	128	315	dwm	dwm	PROPN
fsr-3337	128	316	�	�	PROPN
fsr-3337	128	317	0.0975	0.0975	NUM
fsr-3337	128	318	developed	develop	VERB
fsr-3337	128	319	29	29	NUM
fsr-3337	128	320	dgt	dgt	PROPN
fsr-3337	128	321	�	�	PROPN
fsr-3337	128	322	0.1080	0.1080	NUM
fsr-3337	128	323	total	total	ADJ
fsr-3337	128	324	world	world	NOUN
fsr-3337	128	325	29	29	NUM
fsr-3337	128	326	dgt	dgt	PROPN
fsr-3337	128	327	�	�	PROPN
fsr-3337	128	328	0.1133	0.1133	NUM
fsr-3337	128	329	total	total	ADJ
fsr-3337	128	330	world	world	NOUN
fsr-3337	128	331	30	30	NUM
fsr-3337	128	332	dth	dth	PROPN
fsr-3337	128	333	�	�	PROPN
fsr-3337	128	334	0.1247	0.1247	NUM
fsr-3337	128	335	developed	develop	VERB
fsr-3337	128	336	30	30	NUM
fsr-3337	128	337	dth	dth	PROPN
fsr-3337	128	338	�	�	PROPN
fsr-3337	128	339	0.1294	0.1294	NUM
fsr-3337	128	340	developed	develop	VERB
fsr-3337	128	341	31	31	NUM
fsr-3337	128	342	bik	bik	PROPN
fsr-3337	128	343	�	�	PROPN
fsr-3337	128	344	0.1305	0.1305	PROPN
fsr-3337	128	345	emerging	emerge	VERB
fsr-3337	128	346	31	31	NUM
fsr-3337	128	347	dol	dol	NOUN
fsr-3337	128	348	�	�	PROPN
fsr-3337	128	349	0.1302	0.1302	NUM
fsr-3337	128	350	developed	develop	VERB
fsr-3337	128	351	32	32	NUM
fsr-3337	128	352	dol	dol	NOUN
fsr-3337	128	353	�	�	NOUN
fsr-3337	128	354	0.1255	0.1255	NUM
fsr-3337	128	355	developed	develop	VERB
fsr-3337	128	356	32	32	NUM
fsr-3337	128	357	bik	bik	PROPN
fsr-3337	128	358	�	�	PROPN
fsr-3337	128	359	0.1352	0.1352	NUM
fsr-3337	128	360	emerging	emerge	VERB
fsr-3337	128	361	33	33	NUM
fsr-3337	128	362	doo	doo	NOUN
fsr-3337	128	363	�	�	PROPN
fsr-3337	128	364	0.1578	0.1578	NUM
fsr-3337	128	365	developed	develop	VERB
fsr-3337	128	366	33	33	NUM
fsr-3337	128	367	doo	doo	NOUN
fsr-3337	128	368	�	�	PROPN
fsr-3337	128	369	0.2201	0.2201	NUM
fsr-3337	128	370	developed	develop	VERB
fsr-3337	128	371	34	34	NUM
fsr-3337	128	372	adre	adre	NOUN
fsr-3337	128	373	�	�	PROPN
fsr-3337	128	374	0.2264	0.2264	PRON
fsr-3337	128	375	emerging	emerge	VERB
fsr-3337	128	376	34	34	NUM
fsr-3337	128	377	adre	adre	NOUN
fsr-3337	128	378	�	�	PROPN
fsr-3337	128	379	0.2311	0.2311	NUM
fsr-3337	128	380	emerging	emerge	VERB
fsr-3337	128	381	35	35	NUM
fsr-3337	128	382	eeb	eeb	PROPN
fsr-3337	128	383	�	�	PROPN
fsr-3337	128	384	0.2599	0.2599	NUM
fsr-3337	128	385	emerging	emerge	VERB
fsr-3337	128	386	35	35	NUM
fsr-3337	128	387	bkf	bkf	NOUN
fsr-3337	128	388	�	�	NOUN
fsr-3337	128	389	0.2755	0.2755	NUM
fsr-3337	128	390	emerging	emerge	VERB
fsr-3337	128	391	36	36	NUM
fsr-3337	128	392	bkf	bkf	NOUN
fsr-3337	128	393	�	�	NOUN
fsr-3337	128	394	0.2708	0.2708	NUM
fsr-3337	128	395	emerging	emerge	VERB
fsr-3337	128	396	36	36	NUM
fsr-3337	128	397	eeb	eeb	PROPN
fsr-3337	128	398	�	�	PROPN
fsr-3337	128	399	0.3221	0.3221	NUM
fsr-3337	128	400	emerging	emerge	VERB
fsr-3337	128	401	etfs	etfs	NOUN
fsr-3337	128	402	are	be	AUX
fsr-3337	128	403	ranked	rank	VERB
fsr-3337	128	404	in	in	ADP
fsr-3337	128	405	descending	descend	VERB
fsr-3337	128	406	order	order	NOUN
fsr-3337	128	407	based	base	VERB
fsr-3337	128	408	on	on	ADP
fsr-3337	128	409	treynor	treynor	NOUN
fsr-3337	128	410	ratios	ratio	NOUN
fsr-3337	128	411	.	.	PUNCT
fsr-3337	129	1	257s	257	NOUN
fsr-3337	129	2	.	.	PUNCT
fsr-3337	130	1	kanuri	kanuri	PROPN
fsr-3337	130	2	,	,	PUNCT
fsr-3337	130	3	r.w	r.w	PROPN
fsr-3337	130	4	.	.	PROPN
fsr-3337	130	5	mcleod	mcleod	PROPN
fsr-3337	130	6	/	/	SYM
fsr-3337	130	7	financial	financial	ADJ
fsr-3337	130	8	services	service	NOUN
fsr-3337	130	9	review	review	VERB
fsr-3337	130	10	24	24	NUM
fsr-3337	130	11	(	(	PUNCT
fsr-3337	130	12	2015	2015	NUM
fsr-3337	130	13	)	)	PUNCT
fsr-3337	130	14	249–270	249–270	NUM
fsr-3337	130	15	commonly	commonly	ADV
fsr-3337	130	16	used	use	VERB
fsr-3337	130	17	and	and	CCONJ
fsr-3337	130	18	,	,	PUNCT
fsr-3337	130	19	according	accord	VERB
fsr-3337	130	20	to	to	ADP
fsr-3337	130	21	pope	pope	NOUN
fsr-3337	130	22	and	and	CCONJ
fsr-3337	130	23	yadav	yadav	PROPN
fsr-3337	130	24	(	(	PUNCT
fsr-3337	130	25	1994	1994	NUM
fsr-3337	130	26	)	)	PUNCT
fsr-3337	130	27	,	,	PUNCT
fsr-3337	130	28	produces	produce	VERB
fsr-3337	130	29	same	same	ADJ
fsr-3337	130	30	estimates	estimate	NOUN
fsr-3337	130	31	as	as	ADP
fsr-3337	130	32	method	method	NOUN
fsr-3337	130	33	1	1	NUM
fsr-3337	130	34	if	if	SCONJ
fsr-3337	130	35	�	�	PROPN
fsr-3337	130	36	in	in	ADP
fsr-3337	130	37	method	method	NOUN
fsr-3337	130	38	2	2	NUM
fsr-3337	130	39	is	be	AUX
fsr-3337	130	40	equal	equal	ADJ
fsr-3337	130	41	to	to	ADP
fsr-3337	130	42	1	1	NUM
fsr-3337	130	43	.	.	PUNCT
fsr-3337	131	1	te3	te3	PROPN
fsr-3337	131	2	�	�	PROPN
fsr-3337	131	3	�	�	PROPN
fsr-3337	131	4	1	1	NUM
fsr-3337	131	5	n	n	PRON
fsr-3337	131	6	�	�	PROPN
fsr-3337	131	7	1	1	NUM
fsr-3337	131	8	�	�	PROPN
fsr-3337	131	9	t	t	PROPN
fsr-3337	131	10	�	�	PROPN
fsr-3337	131	11	1	1	NUM
fsr-3337	131	12	n	n	PRON
fsr-3337	131	13	�	�	PROPN
fsr-3337	131	14	ri	ri	PROPN
fsr-3337	131	15	,	,	PUNCT
fsr-3337	131	16	t	t	PROPN
fsr-3337	131	17	�	�	PROPN
fsr-3337	131	18	rj	rj	PROPN
fsr-3337	131	19	,	,	PUNCT
fsr-3337	131	20	t	t	PROPN
fsr-3337	131	21	�	�	PROPN
fsr-3337	131	22	2	2	NUM
fsr-3337	131	23	(	(	PUNCT
fsr-3337	131	24	6	6	NUM
fsr-3337	131	25	)	)	PUNCT
fsr-3337	131	26	where	where	SCONJ
fsr-3337	131	27	table	table	NOUN
fsr-3337	131	28	4	4	NUM
fsr-3337	131	29	shows	show	VERB
fsr-3337	131	30	cumulative	cumulative	ADJ
fsr-3337	131	31	returns	return	NOUN
fsr-3337	131	32	and	and	CCONJ
fsr-3337	131	33	cumulative	cumulative	ADJ
fsr-3337	131	34	wealth	wealth	NOUN
fsr-3337	131	35	index	index	NOUN
fsr-3337	131	36	(	(	PUNCT
fsr-3337	131	37	cwi	cwi	NOUN
fsr-3337	131	38	)	)	PUNCT
fsr-3337	131	39	over	over	ADP
fsr-3337	131	40	the	the	DET
fsr-3337	131	41	entire	entire	ADJ
fsr-3337	131	42	period	period	NOUN
fsr-3337	131	43	for	for	ADP
fsr-3337	131	44	each	each	DET
fsr-3337	131	45	etf	etf	NOUN
fsr-3337	131	46	where	where	SCONJ
fsr-3337	131	47	the	the	DET
fsr-3337	131	48	cwi	cwi	NOUN
fsr-3337	131	49	measures	measure	VERB
fsr-3337	131	50	the	the	DET
fsr-3337	131	51	outcome	outcome	NOUN
fsr-3337	131	52	of	of	ADP
fsr-3337	131	53	investing	invest	VERB
fsr-3337	131	54	$	$	SYM
fsr-3337	131	55	1000	1000	NUM
fsr-3337	131	56	in	in	ADP
fsr-3337	131	57	each	each	DET
fsr-3337	131	58	etf	etf	NOUN
fsr-3337	131	59	at	at	ADP
fsr-3337	131	60	the	the	DET
fsr-3337	131	61	beginning	beginning	NOUN
fsr-3337	131	62	of	of	ADP
fsr-3337	131	63	january	january	PROPN
fsr-3337	131	64	2008	2008	NUM
fsr-3337	131	65	,	,	PUNCT
fsr-3337	131	66	presuming	presume	VERB
fsr-3337	131	67	reinvestment	reinvestment	NOUN
fsr-3337	131	68	of	of	ADP
fsr-3337	131	69	dividends	dividend	NOUN
fsr-3337	131	70	rank	rank	PROPN
fsr-3337	131	71	etf	etf	PROPN
fsr-3337	131	72	cumulative	cumulative	ADJ
fsr-3337	131	73	returns	return	NOUN
fsr-3337	131	74	(	(	PUNCT
fsr-3337	131	75	january	january	PROPN
fsr-3337	131	76	2008	2008	NUM
fsr-3337	131	77	through	through	ADP
fsr-3337	131	78	june	june	PROPN
fsr-3337	131	79	2013	2013	NUM
fsr-3337	131	80	)	)	PUNCT
fsr-3337	131	81	cumulative	cumulative	ADJ
fsr-3337	131	82	wealth	wealth	NOUN
fsr-3337	131	83	in	in	ADP
fsr-3337	131	84	june	june	PROPN
fsr-3337	131	85	2013	2013	NUM
fsr-3337	131	86	(	(	PUNCT
fsr-3337	131	87	$	$	SYM
fsr-3337	131	88	1000	1000	NUM
fsr-3337	131	89	invested	invest	VERB
fsr-3337	131	90	in	in	ADP
fsr-3337	131	91	january	january	PROPN
fsr-3337	131	92	2008	2008	NUM
fsr-3337	131	93	)	)	PUNCT
fsr-3337	131	94	category	category	NOUN
fsr-3337	131	95	1	1	NUM
fsr-3337	131	96	qqq	qqq	NOUN
fsr-3337	131	97	45.11	45.11	NUM
fsr-3337	131	98	%	%	NOUN
fsr-3337	131	99	$	$	SYM
fsr-3337	131	100	1,451.14	1,451.14	NUM
fsr-3337	131	101	u.s	u.s	PROPN
fsr-3337	131	102	.	.	PROPN
fsr-3337	131	103	2	2	NUM
fsr-3337	131	104	dia	dia	PROPN
fsr-3337	131	105	30.02	30.02	NUM
fsr-3337	131	106	%	%	NOUN
fsr-3337	131	107	$	$	SYM
fsr-3337	131	108	1,300.23	1,300.23	NUM
fsr-3337	131	109	u.s	u.s	PROPN
fsr-3337	131	110	.	.	PROPN
fsr-3337	131	111	3	3	NUM
fsr-3337	131	112	iyy	iyy	VERB
fsr-3337	131	113	25.60	25.60	NUM
fsr-3337	131	114	%	%	NOUN
fsr-3337	131	115	$	$	SYM
fsr-3337	131	116	1,256.05	1,256.05	NUM
fsr-3337	131	117	u.s	u.s	PROPN
fsr-3337	131	118	.	.	PROPN
fsr-3337	131	119	4	4	NUM
fsr-3337	131	120	iwv	iwv	NOUN
fsr-3337	131	121	25.36	25.36	NUM
fsr-3337	131	122	%	%	NOUN
fsr-3337	131	123	$	$	SYM
fsr-3337	131	124	1,253.57	1,253.57	NUM
fsr-3337	131	125	u.s	u.s	PROPN
fsr-3337	131	126	.	.	PROPN
fsr-3337	131	127	5	5	NUM
fsr-3337	131	128	iwb	iwb	NOUN
fsr-3337	131	129	24.60	24.60	NUM
fsr-3337	131	130	%	%	NOUN
fsr-3337	131	131	$	$	SYM
fsr-3337	131	132	1,246.02	1,246.02	NUM
fsr-3337	131	133	u.s	u.s	PROPN
fsr-3337	131	134	.	.	PROPN
fsr-3337	131	135	6	6	NUM
fsr-3337	131	136	ivv	ivv	VERB
fsr-3337	131	137	23.31	23.31	NUM
fsr-3337	131	138	%	%	NOUN
fsr-3337	131	139	$	$	SYM
fsr-3337	131	140	1,233.13	1,233.13	NUM
fsr-3337	131	141	u.s	u.s	PROPN
fsr-3337	131	142	.	.	PROPN
fsr-3337	131	143	7	7	NUM
fsr-3337	131	144	dem	dem	NOUN
fsr-3337	131	145	15.19	15.19	NUM
fsr-3337	131	146	%	%	NOUN
fsr-3337	131	147	$	$	SYM
fsr-3337	131	148	1,151.89	1,151.89	NUM
fsr-3337	131	149	emerging	emerge	VERB
fsr-3337	131	150	8	8	NUM
fsr-3337	131	151	dnl	dnl	NOUN
fsr-3337	131	152	5.32	5.32	NUM
fsr-3337	131	153	%	%	NOUN
fsr-3337	131	154	$	$	SYM
fsr-3337	131	155	1,053.16	1,053.16	NUM
fsr-3337	131	156	total	total	ADJ
fsr-3337	131	157	world	world	NOUN
fsr-3337	131	158	ex	ex	PROPN
fsr-3337	131	159	u.s	u.s	PROPN
fsr-3337	131	160	.	.	PROPN
fsr-3337	131	161	9	9	NUM
fsr-3337	131	162	tok	tok	NOUN
fsr-3337	131	163	4.92	4.92	NUM
fsr-3337	131	164	%	%	NOUN
fsr-3337	131	165	$	$	SYM
fsr-3337	131	166	1,049.23	1,049.23	NUM
fsr-3337	131	167	total	total	ADJ
fsr-3337	131	168	world	world	NOUN
fsr-3337	131	169	10	10	NUM
fsr-3337	131	170	fgd	fgd	PROPN
fsr-3337	131	171	2.04	2.04	NUM
fsr-3337	131	172	%	%	NOUN
fsr-3337	131	173	$	$	SYM
fsr-3337	131	174	1,020.42	1,020.42	NUM
fsr-3337	131	175	total	total	ADJ
fsr-3337	131	176	world	world	NOUN
fsr-3337	131	177	11	11	NUM
fsr-3337	131	178	ioo	ioo	VERB
fsr-3337	131	179	�	�	PROPN
fsr-3337	131	180	1.52	1.52	NUM
fsr-3337	131	181	%	%	NOUN
fsr-3337	131	182	$	$	SYM
fsr-3337	131	183	984.76	984.76	NUM
fsr-3337	131	184	total	total	NOUN
fsr-3337	131	185	world	world	NOUN
fsr-3337	131	186	12	12	NUM
fsr-3337	131	187	idv	idv	PROPN
fsr-3337	131	188	�	�	PROPN
fsr-3337	131	189	7.12	7.12	NUM
fsr-3337	131	190	%	%	NOUN
fsr-3337	131	191	$	$	SYM
fsr-3337	131	192	928.77	928.77	NUM
fsr-3337	131	193	developed	develop	VERB
fsr-3337	131	194	13	13	NUM
fsr-3337	131	195	piz	piz	PROPN
fsr-3337	131	196	�	�	PROPN
fsr-3337	131	197	7.73	7.73	NUM
fsr-3337	131	198	%	%	NOUN
fsr-3337	131	199	$	$	SYM
fsr-3337	131	200	922.73	922.73	NUM
fsr-3337	131	201	developed	develop	VERB
fsr-3337	131	202	14	14	NUM
fsr-3337	131	203	gmm	gmm	NOUN
fsr-3337	131	204	�	�	PROPN
fsr-3337	131	205	10.53	10.53	NUM
fsr-3337	131	206	%	%	NOUN
fsr-3337	131	207	$	$	SYM
fsr-3337	131	208	894.72	894.72	NUM
fsr-3337	131	209	emerging	emerge	VERB
fsr-3337	131	210	15	15	NUM
fsr-3337	131	211	gwl	gwl	NOUN
fsr-3337	131	212	�	�	PROPN
fsr-3337	131	213	11.67	11.67	NUM
fsr-3337	131	214	%	%	NOUN
fsr-3337	131	215	$	$	SYM
fsr-3337	131	216	883.34	883.34	NUM
fsr-3337	131	217	total	total	ADJ
fsr-3337	131	218	world	world	NOUN
fsr-3337	131	219	ex	ex	X
fsr-3337	131	220	u.s	u.s	PROPN
fsr-3337	131	221	.	.	PROPN
fsr-3337	131	222	16	16	NUM
fsr-3337	131	223	vea	vea	PROPN
fsr-3337	131	224	�	�	PROPN
fsr-3337	131	225	12.19	12.19	NUM
fsr-3337	131	226	%	%	NOUN
fsr-3337	131	227	$	$	SYM
fsr-3337	131	228	878.09	878.09	NUM
fsr-3337	131	229	developed	develop	VERB
fsr-3337	131	230	17	17	NUM
fsr-3337	131	231	veu	veu	PROPN
fsr-3337	131	232	�	�	PROPN
fsr-3337	131	233	12.30	12.30	NUM
fsr-3337	131	234	%	%	NOUN
fsr-3337	131	235	$	$	SYM
fsr-3337	131	236	876.98	876.98	NUM
fsr-3337	131	237	total	total	ADJ
fsr-3337	131	238	world	world	NOUN
fsr-3337	131	239	ex	ex	PROPN
fsr-3337	131	240	u.s	u.s	PROPN
fsr-3337	131	241	.	.	PROPN
fsr-3337	131	242	18	18	NUM
fsr-3337	131	243	cwi	cwi	PROPN
fsr-3337	131	244	�	�	PROPN
fsr-3337	131	245	12.45	12.45	NUM
fsr-3337	131	246	%	%	NOUN
fsr-3337	131	247	$	$	SYM
fsr-3337	131	248	875.49	875.49	NUM
fsr-3337	131	249	total	total	ADJ
fsr-3337	131	250	world	world	NOUN
fsr-3337	131	251	ex	ex	PROPN
fsr-3337	131	252	u.s	u.s	PROPN
fsr-3337	131	253	.	.	PROPN
fsr-3337	131	254	19	19	NUM
fsr-3337	131	255	lvl	lvl	PROPN
fsr-3337	131	256	�	�	PROPN
fsr-3337	131	257	13.24	13.24	NUM
fsr-3337	131	258	%	%	NOUN
fsr-3337	131	259	$	$	SYM
fsr-3337	131	260	867.60	867.60	NUM
fsr-3337	131	261	total	total	ADJ
fsr-3337	131	262	world	world	NOUN
fsr-3337	131	263	20	20	NUM
fsr-3337	131	264	dgt	dgt	PROPN
fsr-3337	131	265	�	�	PROPN
fsr-3337	131	266	13.46	13.46	NUM
fsr-3337	131	267	%	%	NOUN
fsr-3337	131	268	$	$	SYM
fsr-3337	131	269	865.40	865.40	NUM
fsr-3337	131	270	total	total	ADJ
fsr-3337	131	271	world	world	NOUN
fsr-3337	131	272	21	21	NUM
fsr-3337	131	273	efa	efa	PROPN
fsr-3337	131	274	�	�	PROPN
fsr-3337	131	275	13.88	13.88	NUM
fsr-3337	131	276	%	%	NOUN
fsr-3337	131	277	$	$	SYM
fsr-3337	131	278	861.15	861.15	NUM
fsr-3337	131	279	developed	develop	VERB
fsr-3337	131	280	22	22	NUM
fsr-3337	131	281	dew	dew	NOUN
fsr-3337	131	282	�	�	NOUN
fsr-3337	131	283	14.50	14.50	NUM
fsr-3337	131	284	%	%	NOUN
fsr-3337	131	285	$	$	SYM
fsr-3337	131	286	854.97	854.97	NUM
fsr-3337	131	287	total	total	ADJ
fsr-3337	131	288	world	world	NOUN
fsr-3337	131	289	23	23	NUM
fsr-3337	131	290	vwo	vwo	PROPN
fsr-3337	131	291	�	�	PROPN
fsr-3337	131	292	14.59	14.59	NUM
fsr-3337	131	293	%	%	NOUN
fsr-3337	131	294	$	$	SYM
fsr-3337	131	295	854.13	854.13	NUM
fsr-3337	131	296	emerging	emerge	VERB
fsr-3337	131	297	24	24	NUM
fsr-3337	131	298	eem	eem	PROPN
fsr-3337	131	299	�	�	PROPN
fsr-3337	131	300	14.70	14.70	NUM
fsr-3337	131	301	%	%	NOUN
fsr-3337	131	302	$	$	SYM
fsr-3337	131	303	853.04	853.04	NUM
fsr-3337	131	304	emerging	emerge	VERB
fsr-3337	131	305	25	25	NUM
fsr-3337	131	306	pxf	pxf	NOUN
fsr-3337	131	307	�	�	NOUN
fsr-3337	131	308	15.87	15.87	NUM
fsr-3337	131	309	%	%	NOUN
fsr-3337	131	310	$	$	SYM
fsr-3337	131	311	841.34	841.34	NUM
fsr-3337	131	312	developed	develop	VERB
fsr-3337	131	313	26	26	NUM
fsr-3337	131	314	dwm	dwm	PROPN
fsr-3337	131	315	�	�	PROPN
fsr-3337	131	316	16.64	16.64	NUM
fsr-3337	131	317	%	%	NOUN
fsr-3337	131	318	$	$	SYM
fsr-3337	131	319	833.63	833.63	NUM
fsr-3337	131	320	developed	develop	VERB
fsr-3337	131	321	27	27	NUM
fsr-3337	131	322	adrd	adrd	ADJ
fsr-3337	131	323	�	�	PROPN
fsr-3337	131	324	16.75	16.75	NUM
fsr-3337	131	325	%	%	NOUN
fsr-3337	131	326	$	$	SYM
fsr-3337	131	327	832.47	832.47	NUM
fsr-3337	131	328	developed	develop	VERB
fsr-3337	131	329	28	28	NUM
fsr-3337	131	330	dol	dol	PROPN
fsr-3337	131	331	�	�	PROPN
fsr-3337	131	332	18.34	18.34	NUM
fsr-3337	131	333	%	%	NOUN
fsr-3337	131	334	$	$	SYM
fsr-3337	131	335	816.65	816.65	NUM
fsr-3337	131	336	developed	develop	VERB
fsr-3337	131	337	29	29	NUM
fsr-3337	131	338	pxh	pxh	NOUN
fsr-3337	131	339	�	�	PROPN
fsr-3337	131	340	18.61	18.61	NUM
fsr-3337	131	341	%	%	NOUN
fsr-3337	131	342	$	$	SYM
fsr-3337	131	343	813.95	813.95	NUM
fsr-3337	131	344	emerging	emerge	VERB
fsr-3337	131	345	30	30	NUM
fsr-3337	131	346	dth	dth	PROPN
fsr-3337	131	347	�	�	PROPN
fsr-3337	131	348	19.86	19.86	NUM
fsr-3337	131	349	%	%	NOUN
fsr-3337	131	350	$	$	SYM
fsr-3337	131	351	801.37	801.37	NUM
fsr-3337	131	352	developed	develop	VERB
fsr-3337	131	353	31	31	NUM
fsr-3337	131	354	doo	doo	NOUN
fsr-3337	131	355	�	�	PROPN
fsr-3337	131	356	21.83	21.83	NUM
fsr-3337	131	357	%	%	NOUN
fsr-3337	131	358	$	$	SYM
fsr-3337	131	359	781.67	781.67	NUM
fsr-3337	131	360	developed	develop	VERB
fsr-3337	131	361	32	32	NUM
fsr-3337	131	362	pie	pie	NOUN
fsr-3337	131	363	�	�	NOUN
fsr-3337	131	364	24.14	24.14	NUM
fsr-3337	131	365	%	%	NOUN
fsr-3337	131	366	$	$	SYM
fsr-3337	131	367	758.59	758.59	NUM
fsr-3337	131	368	emerging	emerge	VERB
fsr-3337	131	369	33	33	NUM
fsr-3337	131	370	bik	bik	PROPN
fsr-3337	131	371	�	�	PROPN
fsr-3337	131	372	26.84	26.84	NUM
fsr-3337	131	373	%	%	NOUN
fsr-3337	131	374	$	$	SYM
fsr-3337	131	375	731.56	731.56	NUM
fsr-3337	131	376	emerging	emerge	VERB
fsr-3337	131	377	34	34	NUM
fsr-3337	131	378	adre	adre	PROPN
fsr-3337	131	379	�	�	PROPN
fsr-3337	131	380	28.36	28.36	NUM
fsr-3337	131	381	%	%	NOUN
fsr-3337	131	382	$	$	SYM
fsr-3337	131	383	716.44	716.44	NUM
fsr-3337	131	384	emerging	emerge	VERB
fsr-3337	131	385	35	35	NUM
fsr-3337	131	386	eeb	eeb	PROPN
fsr-3337	131	387	�	�	PROPN
fsr-3337	131	388	33.53	33.53	NUM
fsr-3337	131	389	%	%	NOUN
fsr-3337	131	390	$	$	SYM
fsr-3337	131	391	664.67	664.67	NUM
fsr-3337	131	392	emerging	emerge	VERB
fsr-3337	131	393	36	36	NUM
fsr-3337	131	394	bkf	bkf	NOUN
fsr-3337	131	395	�	�	NOUN
fsr-3337	131	396	34.97	34.97	NUM
fsr-3337	131	397	%	%	NOUN
fsr-3337	131	398	$	$	SYM
fsr-3337	131	399	650.33	650.33	NUM
fsr-3337	131	400	emerging	emerge	VERB
fsr-3337	131	401	etfs	etfs	NOUN
fsr-3337	131	402	are	be	AUX
fsr-3337	131	403	ranked	rank	VERB
fsr-3337	131	404	in	in	ADP
fsr-3337	131	405	descending	descend	VERB
fsr-3337	131	406	order	order	NOUN
fsr-3337	131	407	based	base	VERB
fsr-3337	131	408	on	on	ADP
fsr-3337	131	409	cumulative	cumulative	ADJ
fsr-3337	131	410	returns	return	NOUN
fsr-3337	131	411	and	and	CCONJ
fsr-3337	131	412	cwi	cwi	NOUN
fsr-3337	131	413	.	.	PROPN
fsr-3337	132	1	258	258	NUM
fsr-3337	132	2	s.	s.	PROPN
fsr-3337	132	3	kanuri	kanuri	PROPN
fsr-3337	132	4	,	,	PUNCT
fsr-3337	132	5	r.w	r.w	PROPN
fsr-3337	132	6	.	.	PROPN
fsr-3337	132	7	mcleod	mcleod	PROPN
fsr-3337	132	8	/	/	SYM
fsr-3337	132	9	financial	financial	ADJ
fsr-3337	132	10	services	service	NOUN
fsr-3337	132	11	review	review	VERB
fsr-3337	132	12	24	24	NUM
fsr-3337	132	13	(	(	PUNCT
fsr-3337	132	14	2015	2015	NUM
fsr-3337	132	15	)	)	PUNCT
fsr-3337	133	1	249–270	249–270	NUM
fsr-3337	133	2	r	r	NOUN
fsr-3337	133	3	i	i	PROPN
fsr-3337	133	4	,	,	PUNCT
fsr-3337	133	5	t	t	PROPN
fsr-3337	133	6	and	and	CCONJ
fsr-3337	133	7	r	r	PROPN
fsr-3337	133	8	j	j	PROPN
fsr-3337	133	9	,	,	PUNCT
fsr-3337	133	10	t	t	PROPN
fsr-3337	133	11	are	be	AUX
fsr-3337	133	12	etf	etf	NOUN
fsr-3337	133	13	and	and	CCONJ
fsr-3337	133	14	benchmark	benchmark	NOUN
fsr-3337	133	15	returns	return	NOUN
fsr-3337	133	16	during	during	ADP
fsr-3337	133	17	month	month	NOUN
fsr-3337	133	18	t.	t.	NOUN
fsr-3337	133	19	the	the	DET
fsr-3337	133	20	total	total	ADJ
fsr-3337	133	21	tracking	tracking	NOUN
fsr-3337	133	22	error	error	NOUN
fsr-3337	133	23	is	be	AUX
fsr-3337	133	24	computed	compute	VERB
fsr-3337	133	25	as	as	ADP
fsr-3337	133	26	the	the	DET
fsr-3337	133	27	average	average	NOUN
fsr-3337	133	28	of	of	ADP
fsr-3337	133	29	te1	te1	PROPN
fsr-3337	133	30	,	,	PUNCT
fsr-3337	133	31	te2	te2	NOUN
fsr-3337	133	32	,	,	PUNCT
fsr-3337	133	33	and	and	CCONJ
fsr-3337	133	34	te3	te3	INTJ
fsr-3337	133	35	.	.	PUNCT
fsr-3337	134	1	the	the	DET
fsr-3337	134	2	results	result	NOUN
fsr-3337	134	3	shown	show	VERB
fsr-3337	134	4	in	in	ADP
fsr-3337	134	5	tables	table	NOUN
fsr-3337	134	6	5a	5a	NUM
fsr-3337	134	7	and	and	CCONJ
fsr-3337	134	8	b	b	NOUN
fsr-3337	134	9	indicate	indicate	VERB
fsr-3337	134	10	that	that	SCONJ
fsr-3337	134	11	u.s	u.s	PROPN
fsr-3337	134	12	.	.	PROPN
fsr-3337	134	13	etfs	etfs	PROPN
fsr-3337	134	14	(	(	PUNCT
fsr-3337	134	15	with	with	ADP
fsr-3337	134	16	the	the	DET
fsr-3337	134	17	exception	exception	NOUN
fsr-3337	134	18	of	of	ADP
fsr-3337	134	19	qqq	qqq	NOUN
fsr-3337	134	20	)	)	PUNCT
fsr-3337	134	21	have	have	VERB
fsr-3337	134	22	the	the	DET
fsr-3337	134	23	lowest	low	ADJ
fsr-3337	134	24	te	te	NOUN
fsr-3337	134	25	among	among	ADP
fsr-3337	134	26	all	all	DET
fsr-3337	134	27	etfs	etfs	NOUN
fsr-3337	134	28	.	.	PUNCT
fsr-3337	135	1	the	the	DET
fsr-3337	135	2	results	result	NOUN
fsr-3337	135	3	show	show	VERB
fsr-3337	135	4	that	that	SCONJ
fsr-3337	135	5	international	international	ADJ
fsr-3337	135	6	etfs	etfs	PROPN
fsr-3337	135	7	have	have	VERB
fsr-3337	135	8	high	high	ADJ
fsr-3337	135	9	tracking	tracking	NOUN
fsr-3337	135	10	errors	error	NOUN
fsr-3337	135	11	.	.	PUNCT
fsr-3337	136	1	this	this	DET
fsr-3337	136	2	result	result	NOUN
fsr-3337	136	3	is	be	AUX
fsr-3337	136	4	not	not	PART
fsr-3337	136	5	surprising	surprising	ADJ
fsr-3337	136	6	as	as	SCONJ
fsr-3337	136	7	they	they	PRON
fsr-3337	136	8	face	face	VERB
fsr-3337	136	9	restrictions	restriction	NOUN
fsr-3337	136	10	like	like	ADP
fsr-3337	136	11	time	time	NOUN
fsr-3337	136	12	delays	delay	NOUN
fsr-3337	136	13	or	or	CCONJ
fsr-3337	136	14	exposure	exposure	NOUN
fsr-3337	136	15	to	to	ADP
fsr-3337	136	16	unsafe	unsafe	ADJ
fsr-3337	136	17	market	market	NOUN
fsr-3337	136	18	environments	environment	NOUN
fsr-3337	136	19	,	,	PUNCT
fsr-3337	136	20	which	which	PRON
fsr-3337	136	21	negatively	negatively	ADV
fsr-3337	136	22	affects	affect	VERB
fsr-3337	136	23	their	their	PRON
fsr-3337	136	24	replication	replication	NOUN
fsr-3337	136	25	ability	ability	NOUN
fsr-3337	136	26	(	(	PUNCT
fsr-3337	136	27	rompotis	rompotis	NOUN
fsr-3337	136	28	,	,	PUNCT
fsr-3337	136	29	2009	2009	NUM
fsr-3337	136	30	)	)	PUNCT
fsr-3337	136	31	.	.	PUNCT
fsr-3337	137	1	in	in	ADP
fsr-3337	137	2	addition	addition	NOUN
fsr-3337	137	3	,	,	PUNCT
fsr-3337	137	4	international	international	ADJ
fsr-3337	137	5	etfs	etfs	PROPN
fsr-3337	137	6	also	also	ADV
fsr-3337	137	7	have	have	VERB
fsr-3337	137	8	higher	high	ADJ
fsr-3337	137	9	expenses	expense	NOUN
fsr-3337	137	10	compared	compare	VERB
fsr-3337	137	11	with	with	ADP
fsr-3337	137	12	u.s	u.s	PROPN
fsr-3337	137	13	.	.	PROPN
fsr-3337	137	14	etfs	etfs	PROPN
fsr-3337	137	15	,	,	PUNCT
fsr-3337	137	16	which	which	PRON
fsr-3337	137	17	also	also	ADV
fsr-3337	137	18	increases	increase	VERB
fsr-3337	137	19	their	their	PRON
fsr-3337	137	20	tracking	tracking	NOUN
fsr-3337	137	21	error	error	NOUN
fsr-3337	137	22	as	as	SCONJ
fsr-3337	137	23	there	there	PRON
fsr-3337	137	24	is	be	VERB
fsr-3337	137	25	a	a	DET
fsr-3337	137	26	positive	positive	ADJ
fsr-3337	137	27	relationship	relationship	NOUN
fsr-3337	137	28	between	between	ADP
fsr-3337	137	29	expenses	expense	NOUN
fsr-3337	137	30	and	and	CCONJ
fsr-3337	137	31	tracking	tracking	NOUN
fsr-3337	137	32	error	error	NOUN
fsr-3337	137	33	(	(	PUNCT
fsr-3337	137	34	rompotis	rompotis	NOUN
fsr-3337	137	35	,	,	PUNCT
fsr-3337	137	36	2009	2009	NUM
fsr-3337	137	37	)	)	PUNCT
fsr-3337	137	38	.	.	PUNCT
fsr-3337	138	1	table	table	NOUN
fsr-3337	138	2	5a	5a	NUM
fsr-3337	138	3	:	:	PUNCT
fsr-3337	138	4	shows	show	VERB
fsr-3337	138	5	te1	te1	PROPN
fsr-3337	138	6	,	,	PUNCT
fsr-3337	138	7	te2	te2	NOUN
fsr-3337	138	8	,	,	PUNCT
fsr-3337	138	9	and	and	CCONJ
fsr-3337	138	10	te3	te3	VERB
fsr-3337	138	11	by	by	ADP
fsr-3337	138	12	etf	etf	NOUN
fsr-3337	138	13	category	category	NOUN
fsr-3337	138	14	and	and	CCONJ
fsr-3337	138	15	the	the	DET
fsr-3337	138	16	average	average	NOUN
fsr-3337	138	17	of	of	ADP
fsr-3337	138	18	te1	te1	PROPN
fsr-3337	138	19	,	,	PUNCT
fsr-3337	138	20	te2	te2	NOUN
fsr-3337	138	21	,	,	PUNCT
fsr-3337	138	22	and	and	CCONJ
fsr-3337	138	23	te3	te3	PRON
fsr-3337	138	24	etf	etf	NOUN
fsr-3337	138	25	te1	te1	NOUN
fsr-3337	138	26	te2	te2	VERB
fsr-3337	138	27	te3	te3	PRON
fsr-3337	138	28	average	average	NOUN
fsr-3337	138	29	te	te	ADP
fsr-3337	138	30	category	category	NOUN
fsr-3337	138	31	ivv	ivv	VERB
fsr-3337	138	32	0.004	0.004	NUM
fsr-3337	138	33	%	%	NOUN
fsr-3337	138	34	0.016	0.016	NUM
fsr-3337	138	35	%	%	NOUN
fsr-3337	138	36	0.012	0.012	NUM
fsr-3337	138	37	%	%	NOUN
fsr-3337	138	38	0.011	0.011	NUM
fsr-3337	138	39	%	%	NOUN
fsr-3337	138	40	us	us	PROPN
fsr-3337	138	41	iwb	iwb	PROPN
fsr-3337	138	42	0.009	0.009	NUM
fsr-3337	138	43	%	%	NOUN
fsr-3337	138	44	0.023	0.023	NUM
fsr-3337	138	45	%	%	NOUN
fsr-3337	138	46	0.015	0.015	NUM
fsr-3337	138	47	%	%	NOUN
fsr-3337	138	48	0.016	0.016	NUM
fsr-3337	138	49	%	%	NOUN
fsr-3337	138	50	us	we	PRON
fsr-3337	138	51	iwv	iwv	VERB
fsr-3337	138	52	0.011	0.011	NUM
fsr-3337	138	53	%	%	NOUN
fsr-3337	138	54	0.023	0.023	NUM
fsr-3337	138	55	%	%	NOUN
fsr-3337	138	56	0.018	0.018	NUM
fsr-3337	138	57	%	%	NOUN
fsr-3337	138	58	0.017	0.017	NUM
fsr-3337	138	59	%	%	NOUN
fsr-3337	138	60	us	us	PROPN
fsr-3337	138	61	dia	dia	PROPN
fsr-3337	138	62	0.013	0.013	NUM
fsr-3337	138	63	%	%	NOUN
fsr-3337	138	64	0.031	0.031	NUM
fsr-3337	138	65	%	%	NOUN
fsr-3337	138	66	0.015	0.015	NUM
fsr-3337	138	67	%	%	NOUN
fsr-3337	138	68	0.020	0.020	NUM
fsr-3337	138	69	%	%	NOUN
fsr-3337	138	70	us	us	PROPN
fsr-3337	138	71	qqq	qqq	PROPN
fsr-3337	138	72	0.014	0.014	NUM
fsr-3337	138	73	%	%	NOUN
fsr-3337	138	74	0.544	0.544	NUM
fsr-3337	138	75	%	%	NOUN
fsr-3337	138	76	0.296	0.296	NUM
fsr-3337	138	77	%	%	NOUN
fsr-3337	138	78	0.285	0.285	NUM
fsr-3337	138	79	%	%	NOUN
fsr-3337	138	80	us	us	PROPN
fsr-3337	138	81	iyy	iyy	VERB
fsr-3337	138	82	0.016	0.016	NUM
fsr-3337	138	83	%	%	NOUN
fsr-3337	138	84	0.020	0.020	NUM
fsr-3337	138	85	%	%	NOUN
fsr-3337	138	86	0.019	0.019	NUM
fsr-3337	138	87	%	%	NOUN
fsr-3337	138	88	0.018	0.018	NUM
fsr-3337	138	89	%	%	NOUN
fsr-3337	138	90	us	we	PRON
fsr-3337	138	91	ioo	ioo	VERB
fsr-3337	138	92	0.361	0.361	NUM
fsr-3337	138	93	%	%	NOUN
fsr-3337	138	94	1.906	1.906	NUM
fsr-3337	138	95	%	%	NOUN
fsr-3337	138	96	3.350	3.350	NUM
fsr-3337	138	97	%	%	NOUN
fsr-3337	138	98	1.872	1.872	NUM
fsr-3337	138	99	%	%	NOUN
fsr-3337	138	100	total	total	ADJ
fsr-3337	138	101	world	world	NOUN
fsr-3337	138	102	lvl	lvl	VERB
fsr-3337	138	103	0.097	0.097	NUM
fsr-3337	138	104	%	%	NOUN
fsr-3337	138	105	2.118	2.118	NUM
fsr-3337	138	106	%	%	NOUN
fsr-3337	138	107	1.437	1.437	NUM
fsr-3337	138	108	%	%	NOUN
fsr-3337	138	109	1.217	1.217	NUM
fsr-3337	138	110	%	%	NOUN
fsr-3337	138	111	total	total	ADJ
fsr-3337	138	112	world	world	NOUN
fsr-3337	138	113	tok	tok	NOUN
fsr-3337	138	114	0.022	0.022	NUM
fsr-3337	138	115	%	%	NOUN
fsr-3337	138	116	0.126	0.126	NUM
fsr-3337	138	117	%	%	NOUN
fsr-3337	138	118	0.061	0.061	NUM
fsr-3337	138	119	%	%	NOUN
fsr-3337	138	120	0.070	0.070	NUM
fsr-3337	138	121	%	%	NOUN
fsr-3337	138	122	total	total	ADJ
fsr-3337	138	123	world	world	NOUN
fsr-3337	138	124	fgd	fgd	PROPN
fsr-3337	138	125	0.015	0.015	NUM
fsr-3337	138	126	%	%	NOUN
fsr-3337	138	127	1.407	1.407	NUM
fsr-3337	138	128	%	%	NOUN
fsr-3337	138	129	0.678	0.678	NUM
fsr-3337	138	130	%	%	NOUN
fsr-3337	138	131	0.700	0.700	NUM
fsr-3337	138	132	%	%	NOUN
fsr-3337	138	133	total	total	ADJ
fsr-3337	138	134	world	world	NOUN
fsr-3337	138	135	dew	dew	NOUN
fsr-3337	138	136	0.019	0.019	NUM
fsr-3337	138	137	%	%	NOUN
fsr-3337	138	138	0.378	0.378	NUM
fsr-3337	138	139	%	%	NOUN
fsr-3337	138	140	0.199	0.199	NUM
fsr-3337	138	141	%	%	NOUN
fsr-3337	138	142	0.199	0.199	NUM
fsr-3337	138	143	%	%	NOUN
fsr-3337	138	144	total	total	ADJ
fsr-3337	138	145	world	world	NOUN
fsr-3337	138	146	dgt	dgt	PROPN
fsr-3337	138	147	0.308	0.308	NUM
fsr-3337	138	148	%	%	NOUN
fsr-3337	138	149	4.015	4.015	NUM
fsr-3337	138	150	%	%	NOUN
fsr-3337	138	151	1.531	1.531	NUM
fsr-3337	138	152	%	%	NOUN
fsr-3337	138	153	1.952	1.952	NUM
fsr-3337	138	154	%	%	NOUN
fsr-3337	138	155	total	total	ADJ
fsr-3337	138	156	world	world	NOUN
fsr-3337	138	157	veu	veu	PROPN
fsr-3337	138	158	0.021	0.021	NUM
fsr-3337	138	159	%	%	NOUN
fsr-3337	138	160	1.881	1.881	NUM
fsr-3337	138	161	%	%	NOUN
fsr-3337	138	162	0.891	0.891	NUM
fsr-3337	138	163	%	%	NOUN
fsr-3337	138	164	0.931	0.931	NUM
fsr-3337	138	165	%	%	NOUN
fsr-3337	138	166	total	total	ADJ
fsr-3337	138	167	world	world	NOUN
fsr-3337	138	168	ex	ex	X
fsr-3337	138	169	us	us	PROPN
fsr-3337	138	170	cwi	cwi	NOUN
fsr-3337	138	171	0.025	0.025	NUM
fsr-3337	138	172	%	%	NOUN
fsr-3337	138	173	0.880	0.880	NUM
fsr-3337	138	174	%	%	NOUN
fsr-3337	138	175	0.265	0.265	NUM
fsr-3337	138	176	%	%	NOUN
fsr-3337	138	177	0.390	0.390	NUM
fsr-3337	138	178	%	%	NOUN
fsr-3337	138	179	total	total	ADJ
fsr-3337	138	180	world	world	NOUN
fsr-3337	138	181	ex	ex	X
fsr-3337	138	182	us	us	PROPN
fsr-3337	138	183	dnl	dnl	PROPN
fsr-3337	138	184	0.057	0.057	NUM
fsr-3337	138	185	%	%	NOUN
fsr-3337	138	186	0.393	0.393	NUM
fsr-3337	138	187	%	%	NOUN
fsr-3337	138	188	0.186	0.186	NUM
fsr-3337	138	189	%	%	NOUN
fsr-3337	138	190	0.212	0.212	NUM
fsr-3337	138	191	%	%	NOUN
fsr-3337	138	192	total	total	ADJ
fsr-3337	138	193	world	world	NOUN
fsr-3337	138	194	ex	ex	X
fsr-3337	138	195	us	us	PROPN
fsr-3337	138	196	gwl	gwl	VERB
fsr-3337	138	197	0.059	0.059	NUM
fsr-3337	138	198	%	%	NOUN
fsr-3337	138	199	1.055	1.055	NUM
fsr-3337	138	200	%	%	NOUN
fsr-3337	138	201	0.334	0.334	NUM
fsr-3337	138	202	%	%	NOUN
fsr-3337	138	203	0.482	0.482	NUM
fsr-3337	138	204	%	%	NOUN
fsr-3337	138	205	total	total	ADJ
fsr-3337	138	206	world	world	NOUN
fsr-3337	138	207	ex	ex	X
fsr-3337	138	208	us	us	PROPN
fsr-3337	138	209	adrd	adrd	ADJ
fsr-3337	138	210	0.017	0.017	NUM
fsr-3337	138	211	%	%	NOUN
fsr-3337	138	212	0.222	0.222	NUM
fsr-3337	138	213	%	%	NOUN
fsr-3337	138	214	0.088	0.088	NUM
fsr-3337	138	215	%	%	NOUN
fsr-3337	138	216	0.109	0.109	NUM
fsr-3337	138	217	%	%	NOUN
fsr-3337	138	218	developed	develop	VERB
fsr-3337	138	219	dol	dol	VERB
fsr-3337	138	220	0.014	0.014	NUM
fsr-3337	138	221	%	%	NOUN
fsr-3337	138	222	0.465	0.465	NUM
fsr-3337	138	223	%	%	NOUN
fsr-3337	138	224	0.941	0.941	NUM
fsr-3337	138	225	%	%	NOUN
fsr-3337	138	226	0.473	0.473	NUM
fsr-3337	138	227	%	%	NOUN
fsr-3337	138	228	developed	develop	VERB
fsr-3337	138	229	doo	doo	NOUN
fsr-3337	138	230	0.006	0.006	NUM
fsr-3337	138	231	%	%	NOUN
fsr-3337	138	232	0.388	0.388	NUM
fsr-3337	138	233	%	%	NOUN
fsr-3337	138	234	0.185	0.185	NUM
fsr-3337	138	235	%	%	NOUN
fsr-3337	138	236	0.193	0.193	NUM
fsr-3337	138	237	%	%	NOUN
fsr-3337	138	238	developed	develop	VERB
fsr-3337	138	239	dth	dth	ADJ
fsr-3337	138	240	0.013	0.013	NUM
fsr-3337	138	241	%	%	NOUN
fsr-3337	138	242	0.507	0.507	NUM
fsr-3337	138	243	%	%	NOUN
fsr-3337	138	244	0.215	0.215	NUM
fsr-3337	138	245	%	%	NOUN
fsr-3337	138	246	0.245	0.245	NUM
fsr-3337	138	247	%	%	NOUN
fsr-3337	138	248	developed	develop	VERB
fsr-3337	138	249	dwm	dwm	NOUN
fsr-3337	138	250	0.033	0.033	NUM
fsr-3337	138	251	%	%	NOUN
fsr-3337	138	252	0.592	0.592	NUM
fsr-3337	138	253	%	%	NOUN
fsr-3337	138	254	0.235	0.235	NUM
fsr-3337	138	255	%	%	NOUN
fsr-3337	138	256	0.286	0.286	NUM
fsr-3337	138	257	%	%	NOUN
fsr-3337	138	258	developed	develop	VERB
fsr-3337	138	259	efa	efa	PROPN
fsr-3337	138	260	0.049	0.049	NUM
fsr-3337	138	261	%	%	NOUN
fsr-3337	138	262	0.138	0.138	NUM
fsr-3337	138	263	%	%	NOUN
fsr-3337	138	264	0.231	0.231	NUM
fsr-3337	138	265	%	%	NOUN
fsr-3337	138	266	0.139	0.139	NUM
fsr-3337	138	267	%	%	NOUN
fsr-3337	138	268	developed	develop	VERB
fsr-3337	138	269	idv	idv	PROPN
fsr-3337	138	270	0.005	0.005	NUM
fsr-3337	138	271	%	%	NOUN
fsr-3337	138	272	1.213	1.213	NUM
fsr-3337	138	273	%	%	NOUN
fsr-3337	138	274	0.067	0.067	NUM
fsr-3337	138	275	%	%	NOUN
fsr-3337	138	276	0.428	0.428	NUM
fsr-3337	138	277	%	%	NOUN
fsr-3337	138	278	developed	develop	VERB
fsr-3337	138	279	piz	piz	PROPN
fsr-3337	138	280	0.008	0.008	NUM
fsr-3337	138	281	%	%	NOUN
fsr-3337	138	282	1.021	1.021	NUM
fsr-3337	138	283	%	%	NOUN
fsr-3337	138	284	0.577	0.577	NUM
fsr-3337	138	285	%	%	NOUN
fsr-3337	138	286	0.535	0.535	NUM
fsr-3337	138	287	%	%	NOUN
fsr-3337	138	288	developed	develop	VERB
fsr-3337	138	289	pxf	pxf	NOUN
fsr-3337	138	290	0.080	0.080	NUM
fsr-3337	138	291	%	%	NOUN
fsr-3337	138	292	1.274	1.274	NUM
fsr-3337	138	293	%	%	NOUN
fsr-3337	138	294	0.403	0.403	NUM
fsr-3337	138	295	%	%	NOUN
fsr-3337	138	296	0.586	0.586	NUM
fsr-3337	138	297	%	%	NOUN
fsr-3337	138	298	developed	develop	VERB
fsr-3337	138	299	vea	vea	NOUN
fsr-3337	138	300	0.088	0.088	NUM
fsr-3337	138	301	%	%	NOUN
fsr-3337	138	302	2.045	2.045	NUM
fsr-3337	138	303	%	%	NOUN
fsr-3337	138	304	0.511	0.511	NUM
fsr-3337	138	305	%	%	NOUN
fsr-3337	138	306	0.881	0.881	NUM
fsr-3337	138	307	%	%	NOUN
fsr-3337	138	308	developed	develop	VERB
fsr-3337	138	309	adre	adre	NOUN
fsr-3337	138	310	0.009	0.009	NUM
fsr-3337	138	311	%	%	NOUN
fsr-3337	138	312	0.337	0.337	NUM
fsr-3337	138	313	%	%	NOUN
fsr-3337	138	314	0.090	0.090	NUM
fsr-3337	138	315	%	%	NOUN
fsr-3337	138	316	0.145	0.145	NUM
fsr-3337	138	317	%	%	NOUN
fsr-3337	138	318	emerging	emerge	VERB
fsr-3337	138	319	dem	dem	NOUN
fsr-3337	138	320	0.087	0.087	NUM
fsr-3337	138	321	%	%	NOUN
fsr-3337	138	322	0.405	0.405	NUM
fsr-3337	138	323	%	%	NOUN
fsr-3337	138	324	0.193	0.193	NUM
fsr-3337	138	325	%	%	NOUN
fsr-3337	138	326	0.228	0.228	NUM
fsr-3337	138	327	%	%	NOUN
fsr-3337	138	328	emerging	emerge	VERB
fsr-3337	138	329	gmm	gmm	NOUN
fsr-3337	138	330	0.020	0.020	NUM
fsr-3337	138	331	%	%	NOUN
fsr-3337	138	332	1.161	1.161	NUM
fsr-3337	138	333	%	%	NOUN
fsr-3337	138	334	0.542	0.542	NUM
fsr-3337	138	335	%	%	NOUN
fsr-3337	138	336	0.575	0.575	NUM
fsr-3337	138	337	%	%	NOUN
fsr-3337	138	338	emerging	emerge	VERB
fsr-3337	138	339	eem	eem	PROPN
fsr-3337	138	340	0.031	0.031	NUM
fsr-3337	138	341	%	%	NOUN
fsr-3337	138	342	1.580	1.580	NUM
fsr-3337	138	343	%	%	NOUN
fsr-3337	138	344	0.763	0.763	NUM
fsr-3337	138	345	%	%	NOUN
fsr-3337	138	346	0.791	0.791	NUM
fsr-3337	138	347	%	%	NOUN
fsr-3337	138	348	emerging	emerge	VERB
fsr-3337	138	349	bkf	bkf	NOUN
fsr-3337	138	350	0.032	0.032	NUM
fsr-3337	138	351	%	%	NOUN
fsr-3337	138	352	1.035	1.035	NUM
fsr-3337	138	353	%	%	NOUN
fsr-3337	138	354	0.553	0.553	NUM
fsr-3337	138	355	%	%	NOUN
fsr-3337	138	356	0.540	0.540	NUM
fsr-3337	138	357	%	%	NOUN
fsr-3337	138	358	emerging	emerge	VERB
fsr-3337	138	359	eeb	eeb	PROPN
fsr-3337	138	360	0.039	0.039	NUM
fsr-3337	138	361	%	%	NOUN
fsr-3337	138	362	0.118	0.118	NUM
fsr-3337	138	363	%	%	NOUN
fsr-3337	138	364	0.105	0.105	NUM
fsr-3337	138	365	%	%	NOUN
fsr-3337	138	366	0.087	0.087	NUM
fsr-3337	138	367	%	%	NOUN
fsr-3337	138	368	emerging	emerge	VERB
fsr-3337	138	369	bik	bik	PROPN
fsr-3337	138	370	0.046	0.046	NUM
fsr-3337	138	371	%	%	NOUN
fsr-3337	138	372	0.205	0.205	NUM
fsr-3337	138	373	%	%	NOUN
fsr-3337	138	374	0.125	0.125	NUM
fsr-3337	138	375	%	%	NOUN
fsr-3337	138	376	0.125	0.125	NUM
fsr-3337	138	377	%	%	NOUN
fsr-3337	138	378	emerging	emerge	VERB
fsr-3337	138	379	vwo	vwo	PROPN
fsr-3337	138	380	0.064	0.064	NUM
fsr-3337	138	381	%	%	NOUN
fsr-3337	138	382	1.577	1.577	NUM
fsr-3337	138	383	%	%	NOUN
fsr-3337	138	384	0.992	0.992	NUM
fsr-3337	138	385	%	%	NOUN
fsr-3337	138	386	0.878	0.878	NUM
fsr-3337	138	387	%	%	NOUN
fsr-3337	138	388	emerging	emerge	VERB
fsr-3337	138	389	pxh	pxh	NOUN
fsr-3337	138	390	0.163	0.163	NUM
fsr-3337	138	391	%	%	NOUN
fsr-3337	138	392	1.816	1.816	NUM
fsr-3337	138	393	%	%	NOUN
fsr-3337	138	394	1.213	1.213	NUM
fsr-3337	138	395	%	%	NOUN
fsr-3337	138	396	1.064	1.064	NUM
fsr-3337	138	397	%	%	NOUN
fsr-3337	138	398	emerging	emerge	VERB
fsr-3337	138	399	pie	pie	NOUN
fsr-3337	138	400	0.351	0.351	NUM
fsr-3337	138	401	%	%	NOUN
fsr-3337	138	402	2.429	2.429	NUM
fsr-3337	138	403	%	%	NOUN
fsr-3337	138	404	1.018	1.018	NUM
fsr-3337	138	405	%	%	NOUN
fsr-3337	138	406	1.266	1.266	NUM
fsr-3337	138	407	%	%	NOUN
fsr-3337	138	408	emerging	emerge	VERB
fsr-3337	138	409	259s	259s	PROPN
fsr-3337	138	410	.	.	PUNCT
fsr-3337	139	1	kanuri	kanuri	PROPN
fsr-3337	139	2	,	,	PUNCT
fsr-3337	139	3	r.w	r.w	PROPN
fsr-3337	139	4	.	.	PROPN
fsr-3337	139	5	mcleod	mcleod	PROPN
fsr-3337	139	6	/	/	SYM
fsr-3337	139	7	financial	financial	ADJ
fsr-3337	139	8	services	service	NOUN
fsr-3337	139	9	review	review	VERB
fsr-3337	139	10	24	24	NUM
fsr-3337	139	11	(	(	PUNCT
fsr-3337	139	12	2015	2015	NUM
fsr-3337	139	13	)	)	PUNCT
fsr-3337	140	1	249–270	249–270	NUM
fsr-3337	140	2	6	6	NUM
fsr-3337	140	3	.	.	PUNCT
fsr-3337	141	1	alpha	alpha	NOUN
fsr-3337	141	2	and	and	CCONJ
fsr-3337	141	3	beta	beta	NOUN
fsr-3337	141	4	we	we	PRON
fsr-3337	141	5	also	also	ADV
fsr-3337	141	6	test	test	VERB
fsr-3337	141	7	to	to	PART
fsr-3337	141	8	see	see	VERB
fsr-3337	141	9	if	if	SCONJ
fsr-3337	141	10	the	the	DET
fsr-3337	141	11	selections	selection	NOUN
fsr-3337	141	12	of	of	ADP
fsr-3337	141	13	securities	security	NOUN
fsr-3337	141	14	within	within	ADP
fsr-3337	141	15	the	the	DET
fsr-3337	141	16	etf	etf	NOUN
fsr-3337	141	17	provide	provide	VERB
fsr-3337	141	18	additional	additional	ADJ
fsr-3337	141	19	value	value	NOUN
fsr-3337	141	20	to	to	ADP
fsr-3337	141	21	investors	investor	NOUN
fsr-3337	141	22	by	by	ADP
fsr-3337	141	23	computing	compute	VERB
fsr-3337	141	24	jensen	jensen	PROPN
fsr-3337	141	25	(	(	PUNCT
fsr-3337	141	26	1968	1968	NUM
fsr-3337	141	27	)	)	PUNCT
fsr-3337	141	28	�	�	PROPN
fsr-3337	141	29	as	as	SCONJ
fsr-3337	141	30	follows	follow	VERB
fsr-3337	141	31	:	:	PUNCT
fsr-3337	141	32	�	�	NOUN
fsr-3337	141	33	retf	retf	NOUN
fsr-3337	141	34	,	,	PUNCT
fsr-3337	141	35	t	t	PROPN
fsr-3337	141	36	�	�	PROPN
fsr-3337	141	37	rf	rf	PROPN
fsr-3337	141	38	,	,	PUNCT
fsr-3337	141	39	t	t	PROPN
fsr-3337	141	40	�	�	PROPN
fsr-3337	141	41	�	�	PROPN
fsr-3337	141	42	�	�	PROPN
fsr-3337	141	43	i	i	PROPN
fsr-3337	141	44	�	�	PROPN
fsr-3337	141	45	�	�	PROPN
fsr-3337	141	46	i*	i*	PROPN
fsr-3337	141	47	�	�	NOUN
fsr-3337	141	48	rbenchmark	rbenchmark	NOUN
fsr-3337	141	49	,	,	PUNCT
fsr-3337	141	50	t	t	PROPN
fsr-3337	141	51	�	�	PROPN
fsr-3337	141	52	rf	rf	PROPN
fsr-3337	141	53	,	,	PUNCT
fsr-3337	141	54	t	t	PROPN
fsr-3337	141	55	�	�	PROPN
fsr-3337	141	56	�	�	PROPN
fsr-3337	141	57	�	�	PROPN
fsr-3337	141	58	i	i	PROPN
fsr-3337	141	59	,	,	PUNCT
fsr-3337	141	60	t	t	PROPN
fsr-3337	141	61	(	(	PUNCT
fsr-3337	141	62	7	7	NUM
fsr-3337	141	63	)	)	PUNCT
fsr-3337	141	64	where	where	SCONJ
fsr-3337	141	65	r	r	NOUN
fsr-3337	141	66	etf	etf	NOUN
fsr-3337	141	67	,	,	PUNCT
fsr-3337	141	68	t	t	PROPN
fsr-3337	141	69	and	and	CCONJ
fsr-3337	141	70	r	r	NOUN
fsr-3337	141	71	benchmark	benchmark	NOUN
fsr-3337	141	72	,	,	PUNCT
fsr-3337	141	73	t	t	PROPN
fsr-3337	141	74	are	be	AUX
fsr-3337	141	75	monthly	monthly	ADJ
fsr-3337	141	76	returns	return	NOUN
fsr-3337	141	77	on	on	ADP
fsr-3337	141	78	the	the	DET
fsr-3337	141	79	etf	etf	NOUN
fsr-3337	141	80	and	and	CCONJ
fsr-3337	141	81	their	their	PRON
fsr-3337	141	82	benchmark	benchmark	ADJ
fsr-3337	141	83	index	index	NOUN
fsr-3337	141	84	,	,	PUNCT
fsr-3337	141	85	respectively	respectively	ADV
fsr-3337	141	86	.	.	PUNCT
fsr-3337	142	1	r	r	NOUN
fsr-3337	142	2	f	f	PROPN
fsr-3337	142	3	,	,	PUNCT
fsr-3337	142	4	t	t	PROPN
fsr-3337	142	5	is	be	AUX
fsr-3337	142	6	the	the	DET
fsr-3337	142	7	three	three	NUM
fsr-3337	142	8	month	month	NOUN
fsr-3337	142	9	t	t	PROPN
fsr-3337	142	10	-	-	PUNCT
fsr-3337	142	11	bill	bill	NOUN
fsr-3337	142	12	rate	rate	NOUN
fsr-3337	142	13	.	.	PUNCT
fsr-3337	143	1	table	table	NOUN
fsr-3337	143	2	5b	5b	NUM
fsr-3337	143	3	:	:	PUNCT
fsr-3337	143	4	shows	show	VERB
fsr-3337	143	5	average	average	NOUN
fsr-3337	143	6	of	of	ADP
fsr-3337	143	7	te1	te1	PROPN
fsr-3337	143	8	,	,	PUNCT
fsr-3337	143	9	te2	te2	NOUN
fsr-3337	143	10	,	,	PUNCT
fsr-3337	143	11	and	and	CCONJ
fsr-3337	143	12	te3	te3	NUM
fsr-3337	143	13	ranked	rank	VERB
fsr-3337	143	14	in	in	ADP
fsr-3337	143	15	ascending	ascend	VERB
fsr-3337	143	16	order	order	NOUN
fsr-3337	143	17	(	(	PUNCT
fsr-3337	143	18	smaller	small	ADJ
fsr-3337	143	19	average	average	NOUN
fsr-3337	143	20	te	te	PROPN
fsr-3337	143	21	is	be	AUX
fsr-3337	143	22	better	well	ADJ
fsr-3337	143	23	)	)	PUNCT
fsr-3337	143	24	rank	rank	NOUN
fsr-3337	143	25	etf	etf	PROPN
fsr-3337	143	26	average	average	NOUN
fsr-3337	143	27	te	te	ADP
fsr-3337	143	28	category	category	NOUN
fsr-3337	143	29	1	1	NUM
fsr-3337	143	30	ivv	ivv	VERB
fsr-3337	143	31	0.011	0.011	NUM
fsr-3337	143	32	%	%	NOUN
fsr-3337	143	33	u.s	u.s	PROPN
fsr-3337	143	34	.	.	PROPN
fsr-3337	143	35	2	2	NUM
fsr-3337	143	36	iwb	iwb	NOUN
fsr-3337	143	37	0.016	0.016	NUM
fsr-3337	143	38	%	%	NOUN
fsr-3337	143	39	u.s	u.s	PROPN
fsr-3337	143	40	.	.	PROPN
fsr-3337	143	41	3	3	NUM
fsr-3337	143	42	iwv	iwv	NOUN
fsr-3337	143	43	0.017	0.017	NUM
fsr-3337	143	44	%	%	NOUN
fsr-3337	143	45	u.s	u.s	PROPN
fsr-3337	143	46	.	.	PROPN
fsr-3337	143	47	4	4	NUM
fsr-3337	143	48	iyy	iyy	VERB
fsr-3337	143	49	0.018	0.018	NUM
fsr-3337	143	50	%	%	NOUN
fsr-3337	143	51	u.s	u.s	PROPN
fsr-3337	143	52	.	.	PROPN
fsr-3337	143	53	5	5	NUM
fsr-3337	143	54	dia	dia	PROPN
fsr-3337	143	55	0.020	0.020	NUM
fsr-3337	143	56	%	%	NOUN
fsr-3337	143	57	u.s	u.s	PROPN
fsr-3337	143	58	.	.	PROPN
fsr-3337	143	59	6	6	NUM
fsr-3337	143	60	tok	tok	NOUN
fsr-3337	143	61	0.070	0.070	NUM
fsr-3337	143	62	%	%	NOUN
fsr-3337	143	63	total	total	ADJ
fsr-3337	143	64	world	world	NOUN
fsr-3337	143	65	7	7	NUM
fsr-3337	143	66	eeb	eeb	PROPN
fsr-3337	143	67	0.087	0.087	NUM
fsr-3337	143	68	%	%	NOUN
fsr-3337	143	69	emerging	emerge	VERB
fsr-3337	143	70	8	8	NUM
fsr-3337	143	71	adrd	adrd	ADJ
fsr-3337	143	72	0.109	0.109	NUM
fsr-3337	143	73	%	%	NOUN
fsr-3337	143	74	developed	develop	VERB
fsr-3337	143	75	9	9	NUM
fsr-3337	143	76	bik	bik	PROPN
fsr-3337	143	77	0.125	0.125	NUM
fsr-3337	143	78	%	%	NOUN
fsr-3337	143	79	emerging	emerge	VERB
fsr-3337	143	80	10	10	NUM
fsr-3337	143	81	efa	efa	PROPN
fsr-3337	143	82	0.139	0.139	NUM
fsr-3337	143	83	%	%	NOUN
fsr-3337	143	84	developed	develop	VERB
fsr-3337	143	85	11	11	NUM
fsr-3337	143	86	adre	adre	NOUN
fsr-3337	143	87	0.145	0.145	NUM
fsr-3337	143	88	%	%	NOUN
fsr-3337	143	89	emerging	emerge	VERB
fsr-3337	143	90	12	12	NUM
fsr-3337	143	91	doo	doo	NOUN
fsr-3337	143	92	0.193	0.193	NUM
fsr-3337	143	93	%	%	NOUN
fsr-3337	143	94	developed	develop	VERB
fsr-3337	143	95	13	13	NUM
fsr-3337	143	96	dew	dew	NOUN
fsr-3337	143	97	0.199	0.199	NUM
fsr-3337	143	98	%	%	NOUN
fsr-3337	143	99	total	total	ADJ
fsr-3337	143	100	world	world	NOUN
fsr-3337	143	101	14	14	NUM
fsr-3337	143	102	dnl	dnl	NOUN
fsr-3337	143	103	0.212	0.212	NUM
fsr-3337	143	104	%	%	NOUN
fsr-3337	143	105	total	total	ADJ
fsr-3337	143	106	world	world	NOUN
fsr-3337	143	107	ex	ex	PROPN
fsr-3337	143	108	u.s	u.s	PROPN
fsr-3337	143	109	.	.	PROPN
fsr-3337	143	110	15	15	NUM
fsr-3337	143	111	dem	dem	NOUN
fsr-3337	143	112	0.228	0.228	NUM
fsr-3337	143	113	%	%	NOUN
fsr-3337	143	114	emerging	emerge	VERB
fsr-3337	143	115	16	16	NUM
fsr-3337	143	116	dth	dth	ADJ
fsr-3337	143	117	0.245	0.245	NUM
fsr-3337	143	118	%	%	NOUN
fsr-3337	143	119	developed	develop	VERB
fsr-3337	143	120	17	17	NUM
fsr-3337	143	121	qqq	qqq	NOUN
fsr-3337	143	122	0.285	0.285	NUM
fsr-3337	143	123	%	%	NOUN
fsr-3337	143	124	u.s	u.s	PROPN
fsr-3337	143	125	.	.	PROPN
fsr-3337	143	126	18	18	NUM
fsr-3337	143	127	dwm	dwm	NOUN
fsr-3337	143	128	0.286	0.286	NUM
fsr-3337	143	129	%	%	NOUN
fsr-3337	143	130	developed	develop	VERB
fsr-3337	143	131	19	19	NUM
fsr-3337	143	132	cwi	cwi	NOUN
fsr-3337	143	133	0.390	0.390	NUM
fsr-3337	143	134	%	%	NOUN
fsr-3337	143	135	total	total	ADJ
fsr-3337	143	136	world	world	NOUN
fsr-3337	143	137	ex	ex	PROPN
fsr-3337	143	138	u.s	u.s	PROPN
fsr-3337	143	139	.	.	PROPN
fsr-3337	143	140	20	20	NUM
fsr-3337	143	141	idv	idv	NOUN
fsr-3337	143	142	0.428	0.428	NUM
fsr-3337	143	143	%	%	NOUN
fsr-3337	143	144	developed	develop	VERB
fsr-3337	143	145	21	21	NUM
fsr-3337	143	146	dol	dol	NOUN
fsr-3337	143	147	0.473	0.473	NUM
fsr-3337	143	148	%	%	NOUN
fsr-3337	143	149	developed	develop	VERB
fsr-3337	143	150	22	22	NUM
fsr-3337	143	151	gwl	gwl	NOUN
fsr-3337	143	152	0.482	0.482	NUM
fsr-3337	143	153	%	%	NOUN
fsr-3337	143	154	total	total	ADJ
fsr-3337	143	155	world	world	NOUN
fsr-3337	143	156	ex	ex	PROPN
fsr-3337	143	157	u.s	u.s	PROPN
fsr-3337	143	158	.	.	PROPN
fsr-3337	143	159	23	23	NUM
fsr-3337	143	160	piz	piz	PROPN
fsr-3337	143	161	0.535	0.535	NUM
fsr-3337	143	162	%	%	NOUN
fsr-3337	143	163	developed	develop	VERB
fsr-3337	143	164	24	24	NUM
fsr-3337	143	165	bkf	bkf	NOUN
fsr-3337	143	166	0.540	0.540	NUM
fsr-3337	143	167	%	%	NOUN
fsr-3337	143	168	emerging	emerge	VERB
fsr-3337	143	169	25	25	NUM
fsr-3337	143	170	gmm	gmm	NOUN
fsr-3337	143	171	0.575	0.575	NUM
fsr-3337	143	172	%	%	NOUN
fsr-3337	143	173	emerging	emerge	VERB
fsr-3337	143	174	26	26	NUM
fsr-3337	143	175	pxf	pxf	NOUN
fsr-3337	143	176	0.586	0.586	NUM
fsr-3337	143	177	%	%	NOUN
fsr-3337	143	178	developed	develop	VERB
fsr-3337	143	179	27	27	NUM
fsr-3337	143	180	fgd	fgd	PROPN
fsr-3337	143	181	0.700	0.700	NUM
fsr-3337	143	182	%	%	NOUN
fsr-3337	143	183	total	total	ADJ
fsr-3337	143	184	world	world	NOUN
fsr-3337	143	185	28	28	NUM
fsr-3337	143	186	eem	eem	VERB
fsr-3337	143	187	0.791	0.791	NUM
fsr-3337	143	188	%	%	NOUN
fsr-3337	143	189	emerging	emerge	VERB
fsr-3337	143	190	29	29	NUM
fsr-3337	143	191	vwo	vwo	NOUN
fsr-3337	143	192	0.878	0.878	NUM
fsr-3337	143	193	%	%	NOUN
fsr-3337	143	194	emerging	emerge	VERB
fsr-3337	143	195	30	30	NUM
fsr-3337	143	196	vea	vea	NOUN
fsr-3337	143	197	0.881	0.881	NUM
fsr-3337	143	198	%	%	NOUN
fsr-3337	143	199	developed	develop	VERB
fsr-3337	143	200	31	31	NUM
fsr-3337	143	201	veu	veu	NOUN
fsr-3337	143	202	0.931	0.931	NUM
fsr-3337	143	203	%	%	NOUN
fsr-3337	143	204	total	total	ADJ
fsr-3337	143	205	world	world	NOUN
fsr-3337	143	206	ex	ex	PROPN
fsr-3337	143	207	u.s	u.s	PROPN
fsr-3337	143	208	.	.	PROPN
fsr-3337	143	209	32	32	NUM
fsr-3337	143	210	pxh	pxh	NOUN
fsr-3337	143	211	1.064	1.064	NUM
fsr-3337	143	212	%	%	NOUN
fsr-3337	143	213	emerging	emerge	VERB
fsr-3337	143	214	33	33	NUM
fsr-3337	143	215	lvl	lvl	NOUN
fsr-3337	143	216	1.217	1.217	NUM
fsr-3337	143	217	%	%	NOUN
fsr-3337	143	218	total	total	ADJ
fsr-3337	143	219	world	world	NOUN
fsr-3337	143	220	34	34	NUM
fsr-3337	143	221	pie	pie	NOUN
fsr-3337	143	222	1.266	1.266	NUM
fsr-3337	143	223	%	%	NOUN
fsr-3337	143	224	emerging	emerge	VERB
fsr-3337	143	225	35	35	NUM
fsr-3337	143	226	ioo	ioo	ADJ
fsr-3337	143	227	1.872	1.872	NUM
fsr-3337	143	228	%	%	NOUN
fsr-3337	143	229	total	total	ADJ
fsr-3337	143	230	world	world	NOUN
fsr-3337	143	231	36	36	NUM
fsr-3337	143	232	dgt	dgt	NOUN
fsr-3337	143	233	1.952	1.952	NUM
fsr-3337	143	234	%	%	NOUN
fsr-3337	143	235	total	total	ADJ
fsr-3337	143	236	world	world	NOUN
fsr-3337	143	237	260	260	NUM
fsr-3337	143	238	s.	s.	PROPN
fsr-3337	143	239	kanuri	kanuri	PROPN
fsr-3337	143	240	,	,	PUNCT
fsr-3337	143	241	r.w	r.w	PROPN
fsr-3337	143	242	.	.	PROPN
fsr-3337	143	243	mcleod	mcleod	PROPN
fsr-3337	143	244	/	/	SYM
fsr-3337	143	245	financial	financial	ADJ
fsr-3337	143	246	services	service	NOUN
fsr-3337	143	247	review	review	VERB
fsr-3337	143	248	24	24	NUM
fsr-3337	143	249	(	(	PUNCT
fsr-3337	143	250	2015	2015	NUM
fsr-3337	143	251	)	)	PUNCT
fsr-3337	143	252	249–270	249–270	NUM
fsr-3337	143	253	alpha	alpha	NOUN
fsr-3337	143	254	(	(	PUNCT
fsr-3337	143	255	�	�	NOUN
fsr-3337	143	256	i	i	PRON
fsr-3337	143	257	)	)	PUNCT
fsr-3337	143	258	represents	represent	VERB
fsr-3337	143	259	the	the	DET
fsr-3337	143	260	return	return	NOUN
fsr-3337	143	261	the	the	DET
fsr-3337	143	262	etf	etf	NOUN
fsr-3337	143	263	can	can	AUX
fsr-3337	143	264	achieve	achieve	VERB
fsr-3337	143	265	above	above	ADP
fsr-3337	143	266	the	the	DET
fsr-3337	143	267	return	return	NOUN
fsr-3337	143	268	of	of	ADP
fsr-3337	143	269	the	the	DET
fsr-3337	143	270	benchmark	benchmark	NOUN
fsr-3337	143	271	.	.	PUNCT
fsr-3337	144	1	however	however	ADV
fsr-3337	144	2	,	,	PUNCT
fsr-3337	144	3	as	as	SCONJ
fsr-3337	144	4	etfs	etfs	PROPN
fsr-3337	144	5	are	be	AUX
fsr-3337	144	6	passively	passively	ADV
fsr-3337	144	7	managed	manage	VERB
fsr-3337	144	8	and	and	CCONJ
fsr-3337	144	9	fully	fully	ADV
fsr-3337	144	10	invested	invest	VERB
fsr-3337	144	11	in	in	ADP
fsr-3337	144	12	the	the	DET
fsr-3337	144	13	benchmark	benchmark	NOUN
fsr-3337	144	14	index	index	NOUN
fsr-3337	144	15	,	,	PUNCT
fsr-3337	144	16	they	they	PRON
fsr-3337	144	17	are	be	AUX
fsr-3337	144	18	not	not	PART
fsr-3337	144	19	expected	expect	VERB
fsr-3337	144	20	to	to	PART
fsr-3337	144	21	outperform	outperform	VERB
fsr-3337	144	22	the	the	DET
fsr-3337	144	23	benchmark	benchmark	ADJ
fsr-3337	144	24	index	index	NOUN
fsr-3337	144	25	and	and	CCONJ
fsr-3337	144	26	generate	generate	VERB
fsr-3337	144	27	positive	positive	ADJ
fsr-3337	144	28	�	�	NOUN
fsr-3337	144	29	.	.	PUNCT
fsr-3337	145	1	on	on	ADP
fsr-3337	145	2	the	the	DET
fsr-3337	145	3	other	other	ADJ
fsr-3337	145	4	hand	hand	NOUN
fsr-3337	145	5	,	,	PUNCT
fsr-3337	145	6	etfs	etfs	PROPN
fsr-3337	145	7	are	be	AUX
fsr-3337	145	8	expected	expect	VERB
fsr-3337	145	9	to	to	PART
fsr-3337	145	10	have	have	VERB
fsr-3337	145	11	slightly	slightly	ADV
fsr-3337	145	12	negative	negative	ADJ
fsr-3337	145	13	�	�	NOUN
fsr-3337	145	14	s	s	PART
fsr-3337	145	15	,	,	PUNCT
fsr-3337	145	16	as	as	SCONJ
fsr-3337	145	17	they	they	PRON
fsr-3337	145	18	are	be	AUX
fsr-3337	145	19	going	go	VERB
fsr-3337	145	20	to	to	PART
fsr-3337	145	21	underperform	underperform	VERB
fsr-3337	145	22	the	the	DET
fsr-3337	145	23	benchmark	benchmark	NOUN
fsr-3337	145	24	by	by	ADP
fsr-3337	145	25	the	the	DET
fsr-3337	145	26	amount	amount	NOUN
fsr-3337	145	27	of	of	ADP
fsr-3337	145	28	expenses	expense	NOUN
fsr-3337	145	29	they	they	PRON
fsr-3337	145	30	charge	charge	VERB
fsr-3337	145	31	.	.	PUNCT
fsr-3337	146	1	the	the	DET
fsr-3337	146	2	beta	beta	NOUN
fsr-3337	146	3	(	(	PUNCT
fsr-3337	146	4	�	�	PROPN
fsr-3337	146	5	i	i	NOUN
fsr-3337	146	6	)	)	PUNCT
fsr-3337	146	7	coefficient	coefficient	NOUN
fsr-3337	146	8	is	be	AUX
fsr-3337	146	9	the	the	DET
fsr-3337	146	10	measure	measure	NOUN
fsr-3337	146	11	of	of	ADP
fsr-3337	146	12	systematic	systematic	ADJ
fsr-3337	146	13	risk	risk	NOUN
fsr-3337	146	14	.	.	PUNCT
fsr-3337	147	1	if	if	SCONJ
fsr-3337	147	2	�	�	PROPN
fsr-3337	147	3	�	�	PROPN
fsr-3337	147	4	1	1	NUM
fsr-3337	147	5	,	,	PUNCT
fsr-3337	147	6	the	the	DET
fsr-3337	147	7	etf	etf	NOUN
fsr-3337	147	8	moves	move	VERB
fsr-3337	147	9	more	more	ADV
fsr-3337	147	10	aggressively	aggressively	ADV
fsr-3337	147	11	than	than	ADP
fsr-3337	147	12	the	the	DET
fsr-3337	147	13	benchmark	benchmark	NOUN
fsr-3337	147	14	index	index	NOUN
fsr-3337	147	15	,	,	PUNCT
fsr-3337	147	16	whereas	whereas	SCONJ
fsr-3337	147	17	if	if	SCONJ
fsr-3337	147	18	�	�	PROPN
fsr-3337	147	19	�	�	PROPN
fsr-3337	147	20	1	1	NUM
fsr-3337	147	21	,	,	PUNCT
fsr-3337	147	22	the	the	DET
fsr-3337	147	23	etf	etf	NOUN
fsr-3337	147	24	manager	manager	NOUN
fsr-3337	147	25	is	be	AUX
fsr-3337	147	26	much	much	ADV
fsr-3337	147	27	more	more	ADV
fsr-3337	147	28	conservative	conservative	ADJ
fsr-3337	147	29	than	than	ADP
fsr-3337	147	30	the	the	DET
fsr-3337	147	31	benchmark	benchmark	NOUN
fsr-3337	147	32	index	index	NOUN
fsr-3337	147	33	.	.	PUNCT
fsr-3337	148	1	if	if	SCONJ
fsr-3337	148	2	�	�	PROPN
fsr-3337	148	3	�	�	PROPN
fsr-3337	148	4	1	1	NUM
fsr-3337	148	5	,	,	PUNCT
fsr-3337	148	6	it	it	PRON
fsr-3337	148	7	indicates	indicate	VERB
fsr-3337	148	8	that	that	SCONJ
fsr-3337	148	9	etf	etf	NOUN
fsr-3337	148	10	is	be	AUX
fsr-3337	148	11	very	very	ADV
fsr-3337	148	12	consistent	consistent	ADJ
fsr-3337	148	13	with	with	ADP
fsr-3337	148	14	the	the	DET
fsr-3337	148	15	benchmark	benchmark	ADJ
fsr-3337	148	16	index	index	NOUN
fsr-3337	148	17	movements	movement	NOUN
fsr-3337	148	18	.	.	PUNCT
fsr-3337	149	1	table	table	NOUN
fsr-3337	149	2	6	6	NUM
fsr-3337	149	3	shows	show	VERB
fsr-3337	149	4	�	�	PROPN
fsr-3337	149	5	and	and	CCONJ
fsr-3337	149	6	�	�	PROPN
fsr-3337	149	7	for	for	ADP
fsr-3337	149	8	each	each	DET
fsr-3337	149	9	etfs	etfs	PROPN
fsr-3337	149	10	etf	etf	PROPN
fsr-3337	149	11	�	�	PROPN
fsr-3337	149	12	t	t	PROPN
fsr-3337	149	13	�	�	PROPN
fsr-3337	149	14	t	t	PROPN
fsr-3337	149	15	r2	r2	PROPN
fsr-3337	149	16	category	category	PROPN
fsr-3337	149	17	qqq	qqq	PROPN
fsr-3337	149	18	�	�	PROPN
fsr-3337	149	19	0.0001592	0.0001592	NUM
fsr-3337	149	20	[	[	PUNCT
fsr-3337	149	21	�	�	NOUN
fsr-3337	149	22	0.48	0.48	NUM
fsr-3337	149	23	]	]	PUNCT
fsr-3337	149	24	1.002071‡	1.002071‡	NUM
fsr-3337	150	1	[	[	X
fsr-3337	150	2	184.67	184.67	NUM
fsr-3337	150	3	]	]	PUNCT
fsr-3337	150	4	0.9977	0.9977	NUM
fsr-3337	150	5	us	us	PROPN
fsr-3337	150	6	dia	dia	PROPN
fsr-3337	150	7	�	�	PROPN
fsr-3337	150	8	0.0001197‡	0.0001197‡	PROPN
fsr-3337	151	1	[	[	X
fsr-3337	151	2	�	�	X
fsr-3337	151	3	9.30	9.30	NUM
fsr-3337	151	4	]	]	PUNCT
fsr-3337	151	5	0.9976226‡	0.9976226‡	NOUN
fsr-3337	152	1	[	[	X
fsr-3337	152	2	3193.62	3193.62	NUM
fsr-3337	152	3	]	]	X
fsr-3337	152	4	1.0000	1.0000	NUM
fsr-3337	152	5	us	us	PROPN
fsr-3337	152	6	iyy	iyy	PROPN
fsr-3337	152	7	�	�	PROPN
fsr-3337	152	8	0.000146‡	0.000146‡	PROPN
fsr-3337	153	1	[	[	X
fsr-3337	153	2	�	�	NOUN
fsr-3337	153	3	8.58	8.58	NUM
fsr-3337	153	4	]	]	PUNCT
fsr-3337	153	5	0.9974398‡	0.9974398‡	PUNCT
fsr-3337	154	1	[	[	X
fsr-3337	154	2	4991.90	4991.90	NUM
fsr-3337	154	3	]	]	X
fsr-3337	154	4	1.0000	1.0000	NUM
fsr-3337	154	5	us	us	PROPN
fsr-3337	154	6	iwv	iwv	PROPN
fsr-3337	154	7	�	�	PROPN
fsr-3337	154	8	0.0000974‡	0.0000974‡	PROPN
fsr-3337	155	1	[	[	X
fsr-3337	155	2	�	�	NOUN
fsr-3337	155	3	8.63	8.63	NUM
fsr-3337	155	4	]	]	PUNCT
fsr-3337	155	5	0.9971857‡	0.9971857‡	PUNCT
fsr-3337	156	1	[	[	X
fsr-3337	156	2	4314.20	4314.20	NUM
fsr-3337	156	3	]	]	PUNCT
fsr-3337	156	4	1.0000	1.0000	NUM
fsr-3337	156	5	us	us	PROPN
fsr-3337	156	6	iwb	iwb	PROPN
fsr-3337	156	7	�	�	PROPN
fsr-3337	156	8	0.0000745‡	0.0000745‡	PROPN
fsr-3337	157	1	[	[	X
fsr-3337	157	2	�	�	NOUN
fsr-3337	157	3	6.93	6.93	NUM
fsr-3337	157	4	]	]	PUNCT
fsr-3337	157	5	0.9976105‡	0.9976105‡	PUNCT
fsr-3337	158	1	[	[	X
fsr-3337	158	2	4320.09	4320.09	NUM
fsr-3337	158	3	]	]	X
fsr-3337	158	4	1.0000	1.0000	NUM
fsr-3337	158	5	us	us	PROPN
fsr-3337	158	6	ivv	ivv	PROPN
fsr-3337	158	7	�	�	PROPN
fsr-3337	158	8	0.0000346‡	0.0000346‡	X
fsr-3337	159	1	[	[	X
fsr-3337	159	2	�	�	X
fsr-3337	159	3	4.37	4.37	NUM
fsr-3337	159	4	]	]	PUNCT
fsr-3337	159	5	0.9981557‡	0.9981557‡	PUNCT
fsr-3337	160	1	[	[	X
fsr-3337	160	2	6374.79	6374.79	NUM
fsr-3337	160	3	]	]	X
fsr-3337	160	4	1.0000	1.0000	NUM
fsr-3337	160	5	us	we	PRON
fsr-3337	160	6	ioo	ioo	VERB
fsr-3337	160	7	0.0029214	0.0029214	NUM
fsr-3337	161	1	[	[	X
fsr-3337	161	2	0.96	0.96	NUM
fsr-3337	161	3	]	]	PUNCT
fsr-3337	161	4	0.7275802‡	0.7275802‡	PUNCT
fsr-3337	162	1	[	[	X
fsr-3337	162	2	3.82	3.82	NUM
fsr-3337	162	3	]	]	PUNCT
fsr-3337	162	4	0.7614	0.7614	NUM
fsr-3337	162	5	total	total	ADJ
fsr-3337	162	6	world	world	NOUN
fsr-3337	162	7	lvl	lvl	ADP
fsr-3337	162	8	0.0009631	0.0009631	NUM
fsr-3337	163	1	[	[	X
fsr-3337	163	2	0.54	0.54	NUM
fsr-3337	163	3	]	]	PUNCT
fsr-3337	163	4	0.9929058‡	0.9929058‡	PUNCT
fsr-3337	164	1	[	[	X
fsr-3337	164	2	46.71	46.71	NUM
fsr-3337	164	3	]	]	PUNCT
fsr-3337	164	4	0.9641	0.9641	NUM
fsr-3337	164	5	total	total	ADJ
fsr-3337	164	6	world	world	NOUN
fsr-3337	164	7	tok	tok	NOUN
fsr-3337	164	8	0.0002312‡	0.0002312‡	PUNCT
fsr-3337	165	1	[	[	X
fsr-3337	165	2	3.57	3.57	NUM
fsr-3337	165	3	]	]	PUNCT
fsr-3337	165	4	0.994646‡	0.994646‡	PUNCT
fsr-3337	166	1	[	[	X
fsr-3337	166	2	793.91	793.91	NUM
fsr-3337	166	3	]	]	SYM
fsr-3337	166	4	0.9999	0.9999	NUM
fsr-3337	166	5	total	total	ADJ
fsr-3337	166	6	world	world	NOUN
fsr-3337	166	7	fgd	fgd	PROPN
fsr-3337	166	8	0.0001082	0.0001082	NUM
fsr-3337	167	1	[	[	X
fsr-3337	167	2	0.13	0.13	NUM
fsr-3337	167	3	]	]	PUNCT
fsr-3337	167	4	1.01569‡	1.01569‡	NUM
fsr-3337	168	1	[	[	X
fsr-3337	168	2	72.18	72.18	NUM
fsr-3337	168	3	]	]	PUNCT
fsr-3337	168	4	0.9914	0.9914	NUM
fsr-3337	168	5	total	total	ADJ
fsr-3337	168	6	world	world	NOUN
fsr-3337	168	7	dew	dew	NOUN
fsr-3337	168	8	�	�	PROPN
fsr-3337	168	9	0.0001941	0.0001941	NUM
fsr-3337	168	10	[	[	X
fsr-3337	168	11	�	�	NOUN
fsr-3337	168	12	0.80	0.80	NUM
fsr-3337	168	13	]	]	PUNCT
fsr-3337	168	14	0.9951681‡	0.9951681‡	PUNCT
fsr-3337	169	1	[	[	X
fsr-3337	169	2	265.80	265.80	NUM
fsr-3337	169	3	]	]	PUNCT
fsr-3337	169	4	0.9991	0.9991	NUM
fsr-3337	169	5	total	total	ADJ
fsr-3337	169	6	world	world	PROPN
fsr-3337	169	7	dgt	dgt	PROPN
fsr-3337	169	8	�	�	PROPN
fsr-3337	169	9	0.0028468	0.0028468	NUM
fsr-3337	169	10	[	[	X
fsr-3337	169	11	�	�	X
fsr-3337	169	12	1.65	1.65	NUM
fsr-3337	169	13	]	]	PUNCT
fsr-3337	169	14	0.8893292‡	0.8893292‡	NOUN
fsr-3337	170	1	[	[	X
fsr-3337	170	2	22.22	22.22	NUM
fsr-3337	170	3	]	]	SYM
fsr-3337	170	4	0.9377	0.9377	NUM
fsr-3337	170	5	total	total	ADJ
fsr-3337	170	6	world	world	NOUN
fsr-3337	170	7	veu	veu	PROPN
fsr-3337	170	8	�	�	PROPN
fsr-3337	170	9	0.0002154	0.0002154	NUM
fsr-3337	170	10	[	[	X
fsr-3337	170	11	�	�	ADP
fsr-3337	170	12	0.20	0.20	NUM
fsr-3337	170	13	]	]	PUNCT
fsr-3337	170	14	1.015923‡	1.015923‡	NUM
fsr-3337	171	1	[	[	X
fsr-3337	171	2	54.09	54.09	NUM
fsr-3337	171	3	]	]	PUNCT
fsr-3337	171	4	0.9840	0.9840	NUM
fsr-3337	171	5	total	total	ADJ
fsr-3337	171	6	world	world	NOUN
fsr-3337	171	7	ex	ex	X
fsr-3337	171	8	us	us	PROPN
fsr-3337	171	9	cwi	cwi	PROPN
fsr-3337	171	10	�	�	PROPN
fsr-3337	171	11	0.0002438	0.0002438	PROPN
fsr-3337	171	12	[	[	X
fsr-3337	171	13	�	�	X
fsr-3337	171	14	0.77	0.77	NUM
fsr-3337	171	15	]	]	PUNCT
fsr-3337	171	16	0.9887347‡	0.9887347‡	PUNCT
fsr-3337	172	1	[	[	X
fsr-3337	172	2	112.71	112.71	NUM
fsr-3337	172	3	]	]	PUNCT
fsr-3337	172	4	0.9986	0.9986	NUM
fsr-3337	172	5	total	total	ADJ
fsr-3337	172	6	world	world	NOUN
fsr-3337	172	7	ex	ex	X
fsr-3337	172	8	us	us	PROPN
fsr-3337	172	9	dnl	dnl	PROPN
fsr-3337	172	10	�	�	PROPN
fsr-3337	172	11	0.0005678†	0.0005678†	PROPN
fsr-3337	172	12	[	[	X
fsr-3337	172	13	�	�	ADP
fsr-3337	172	14	2.44	2.44	NUM
fsr-3337	172	15	]	]	PUNCT
fsr-3337	172	16	1.000929‡	1.000929‡	NUM
fsr-3337	173	1	[	[	X
fsr-3337	173	2	255.82	255.82	NUM
fsr-3337	173	3	]	]	PUNCT
fsr-3337	173	4	0.9989	0.9989	NUM
fsr-3337	173	5	total	total	ADJ
fsr-3337	173	6	world	world	NOUN
fsr-3337	173	7	ex	ex	X
fsr-3337	173	8	us	us	PROPN
fsr-3337	173	9	gwl	gwl	PROPN
fsr-3337	173	10	�	�	PROPN
fsr-3337	173	11	0.0005721	0.0005721	NUM
fsr-3337	173	12	[	[	X
fsr-3337	173	13	�	�	PROPN
fsr-3337	173	14	1.57	1.57	NUM
fsr-3337	173	15	]	]	PUNCT
fsr-3337	173	16	0.9756828‡	0.9756828‡	X
fsr-3337	174	1	[	[	X
fsr-3337	174	2	92.78	92.78	NUM
fsr-3337	174	3	]	]	PUNCT
fsr-3337	174	4	0.9980	0.9980	NUM
fsr-3337	174	5	total	total	ADJ
fsr-3337	174	6	world	world	NOUN
fsr-3337	174	7	ex	ex	X
fsr-3337	174	8	us	us	PROPN
fsr-3337	174	9	adrd	adrd	ADJ
fsr-3337	174	10	0.0001712	0.0001712	NUM
fsr-3337	175	1	[	[	X
fsr-3337	175	2	1.63	1.63	NUM
fsr-3337	175	3	]	]	PUNCT
fsr-3337	175	4	0.9968484‡	0.9968484‡	X
fsr-3337	176	1	[	[	X
fsr-3337	176	2	450.81	450.81	NUM
fsr-3337	176	3	]	]	PUNCT
fsr-3337	176	4	0.9998	0.9998	NUM
fsr-3337	176	5	developed	develop	VERB
fsr-3337	176	6	dol	dol	VERB
fsr-3337	176	7	0.0001388	0.0001388	NUM
fsr-3337	177	1	[	[	X
fsr-3337	177	2	0.12	0.12	NUM
fsr-3337	177	3	]	]	PUNCT
fsr-3337	177	4	1.00407‡	1.00407‡	NUM
fsr-3337	178	1	[	[	X
fsr-3337	178	2	49.19	49.19	NUM
fsr-3337	178	3	]	]	PUNCT
fsr-3337	178	4	0.9805	0.9805	NUM
fsr-3337	178	5	developed	develop	VERB
fsr-3337	178	6	doo	doo	NOUN
fsr-3337	178	7	0.0000518	0.0000518	NUM
fsr-3337	179	1	[	[	X
fsr-3337	179	2	0.24	0.24	NUM
fsr-3337	179	3	]	]	PUNCT
fsr-3337	179	4	0.9933894‡	0.9933894‡	PUNCT
fsr-3337	180	1	[	[	X
fsr-3337	180	2	255.90	255.90	NUM
fsr-3337	180	3	]	]	PUNCT
fsr-3337	180	4	0.9993	0.9993	NUM
fsr-3337	180	5	developed	develop	VERB
fsr-3337	180	6	dth	dth	ADJ
fsr-3337	180	7	�	�	NOUN
fsr-3337	180	8	0.0001406	0.0001406	NUM
fsr-3337	180	9	[	[	NOUN
fsr-3337	180	10	0.24	0.24	NUM
fsr-3337	180	11	]	]	PUNCT
fsr-3337	180	12	0.9900525‡	0.9900525‡	NOUN
fsr-3337	181	1	[	[	X
fsr-3337	181	2	212.84	212.84	NUM
fsr-3337	181	3	]	]	PUNCT
fsr-3337	181	4	0.9990	0.9990	NUM
fsr-3337	181	5	developed	develop	VERB
fsr-3337	181	6	dwm	dwm	PROPN
fsr-3337	181	7	�	�	PROPN
fsr-3337	181	8	0.000339	0.000339	NUM
fsr-3337	181	9	[	[	PUNCT
fsr-3337	181	10	�	�	NOUN
fsr-3337	181	11	1.25	1.25	NUM
fsr-3337	181	12	]	]	PUNCT
fsr-3337	181	13	0.9880473‡	0.9880473‡	NOUN
fsr-3337	182	1	[	[	X
fsr-3337	182	2	195.63	195.63	NUM
fsr-3337	182	3	]	]	PUNCT
fsr-3337	182	4	0.9990	0.9990	NUM
fsr-3337	182	5	developed	develop	VERB
fsr-3337	182	6	efa	efa	PROPN
fsr-3337	182	7	�	�	PROPN
fsr-3337	182	8	0.0004915	0.0004915	PROPN
fsr-3337	182	9	*	*	PUNCT
fsr-3337	183	1	[	[	X
fsr-3337	183	2	�	�	X
fsr-3337	183	3	1.82	1.82	NUM
fsr-3337	183	4	]	]	PUNCT
fsr-3337	183	5	0.9883476‡	0.9883476‡	NOUN
fsr-3337	184	1	[	[	X
fsr-3337	184	2	167.06	167.06	NUM
fsr-3337	184	3	]	]	PUNCT
fsr-3337	184	4	0.9989	0.9989	NUM
fsr-3337	184	5	developed	develop	VERB
fsr-3337	184	6	idv	idv	PROPN
fsr-3337	184	7	�	�	PROPN
fsr-3337	184	8	0.0000502	0.0000502	PRON
fsr-3337	184	9	[	[	X
fsr-3337	184	10	�	�	X
fsr-3337	184	11	0.69	0.69	NUM
fsr-3337	184	12	]	]	PUNCT
fsr-3337	184	13	0.9951643‡	0.9951643‡	PUNCT
fsr-3337	185	1	[	[	X
fsr-3337	185	2	723.20	723.20	NUM
fsr-3337	185	3	]	]	PUNCT
fsr-3337	185	4	0.9999	0.9999	NUM
fsr-3337	185	5	developed	develop	VERB
fsr-3337	185	6	piz	piz	PROPN
fsr-3337	185	7	�	�	PROPN
fsr-3337	185	8	0.0000505	0.0000505	NUM
fsr-3337	185	9	[	[	X
fsr-3337	185	10	�	�	NOUN
fsr-3337	185	11	0.07	0.07	NUM
fsr-3337	185	12	]	]	PUNCT
fsr-3337	185	13	0.9835803‡	0.9835803‡	PUNCT
fsr-3337	186	1	[	[	X
fsr-3337	186	2	81.64	81.64	NUM
fsr-3337	186	3	]	]	PUNCT
fsr-3337	186	4	0.9945	0.9945	NUM
fsr-3337	186	5	developed	develop	VERB
fsr-3337	186	6	pxf	pxf	NOUN
fsr-3337	186	7	�	�	NOUN
fsr-3337	186	8	0.0008098	0.0008098	NUM
fsr-3337	186	9	[	[	X
fsr-3337	186	10	�	�	NOUN
fsr-3337	186	11	1.62	1.62	NUM
fsr-3337	186	12	]	]	PUNCT
fsr-3337	186	13	1.004927‡	1.004927‡	NUM
fsr-3337	187	1	[	[	X
fsr-3337	187	2	98.55	98.55	NUM
fsr-3337	187	3	]	]	PUNCT
fsr-3337	187	4	0.9970	0.9970	NUM
fsr-3337	187	5	developed	develop	VERB
fsr-3337	187	6	vea	vea	PROPN
fsr-3337	187	7	�	�	PROPN
fsr-3337	187	8	0.0008811	0.0008811	NUM
fsr-3337	187	9	[	[	X
fsr-3337	187	10	�	�	X
fsr-3337	187	11	1.40	1.40	NUM
fsr-3337	187	12	]	]	PUNCT
fsr-3337	187	13	1.005444‡	1.005444‡	NUM
fsr-3337	188	1	[	[	X
fsr-3337	188	2	78.96	78.96	NUM
fsr-3337	188	3	]	]	PUNCT
fsr-3337	188	4	0.9953	0.9953	NUM
fsr-3337	188	5	developed	develop	VERB
fsr-3337	188	6	adre	adre	PROPN
fsr-3337	188	7	�	�	PROPN
fsr-3337	188	8	0.00009	0.00009	NUM
fsr-3337	188	9	[	[	X
fsr-3337	188	10	�	�	NOUN
fsr-3337	188	11	0.85	0.85	NUM
fsr-3337	188	12	]	]	PUNCT
fsr-3337	188	13	0.9983069‡	0.9983069‡	NOUN
fsr-3337	189	1	[	[	X
fsr-3337	189	2	296.77	296.77	NUM
fsr-3337	189	3	]	]	X
fsr-3337	189	4	0.9999	0.9999	NUM
fsr-3337	189	5	emerging	emerge	VERB
fsr-3337	189	6	dem	dem	PROPN
fsr-3337	189	7	�	�	PROPN
fsr-3337	189	8	0.0008532‡	0.0008532‡	NUM
fsr-3337	189	9	[	[	X
fsr-3337	189	10	�	�	X
fsr-3337	189	11	3.53	3.53	NUM
fsr-3337	189	12	]	]	PUNCT
fsr-3337	189	13	0.9967554‡	0.9967554‡	NOUN
fsr-3337	190	1	[	[	X
fsr-3337	190	2	247.09	247.09	NUM
fsr-3337	190	3	]	]	PUNCT
fsr-3337	190	4	0.9992	0.9992	NUM
fsr-3337	190	5	emerging	emerge	VERB
fsr-3337	190	6	gmm	gmm	PROPN
fsr-3337	190	7	�	�	PROPN
fsr-3337	190	8	0.0001712	0.0001712	PROPN
fsr-3337	190	9	[	[	X
fsr-3337	190	10	�	�	NOUN
fsr-3337	190	11	0.27	0.27	NUM
fsr-3337	190	12	]	]	PUNCT
fsr-3337	190	13	0.976705‡	0.976705‡	PUNCT
fsr-3337	191	1	[	[	X
fsr-3337	191	2	84.49	84.49	NUM
fsr-3337	191	3	]	]	PUNCT
fsr-3337	191	4	0.9958	0.9958	NUM
fsr-3337	191	5	emerging	emerge	VERB
fsr-3337	191	6	eem	eem	PROPN
fsr-3337	191	7	�	�	PROPN
fsr-3337	191	8	0.0002985	0.0002985	NUM
fsr-3337	191	9	[	[	PUNCT
fsr-3337	191	10	�	�	NOUN
fsr-3337	191	11	0.32	0.32	NUM
fsr-3337	191	12	]	]	PUNCT
fsr-3337	191	13	0.9801021‡	0.9801021‡	PUNCT
fsr-3337	192	1	[	[	X
fsr-3337	192	2	62.31	62.31	NUM
fsr-3337	192	3	]	]	PUNCT
fsr-3337	192	4	0.9911	0.9911	NUM
fsr-3337	192	5	emerging	emerge	VERB
fsr-3337	192	6	bkf	bkf	NOUN
fsr-3337	192	7	�	�	NOUN
fsr-3337	192	8	0.0003249	0.0003249	NUM
fsr-3337	192	9	[	[	X
fsr-3337	192	10	�	�	NOUN
fsr-3337	192	11	0.47	0.47	NUM
fsr-3337	192	12	]	]	PUNCT
fsr-3337	192	13	0.9981108‡	0.9981108‡	NOUN
fsr-3337	193	1	[	[	X
fsr-3337	193	2	96.91	96.91	NUM
fsr-3337	193	3	]	]	PUNCT
fsr-3337	193	4	0.9962	0.9962	NUM
fsr-3337	193	5	emerging	emerge	VERB
fsr-3337	193	6	eeb	eeb	PROPN
fsr-3337	193	7	�	�	PROPN
fsr-3337	193	8	0.0004049	0.0004049	NUM
fsr-3337	193	9	[	[	PUNCT
fsr-3337	193	10	�	�	X
fsr-3337	193	11	3.58	3.58	NUM
fsr-3337	193	12	]	]	PUNCT
fsr-3337	194	1	0.9941872	0.9941872	NUM
fsr-3337	195	1	[	[	X
fsr-3337	195	2	847.60	847.60	NUM
fsr-3337	195	3	]	]	PUNCT
fsr-3337	195	4	0.9999	0.9999	NUM
fsr-3337	195	5	emerging	emerge	VERB
fsr-3337	195	6	bik	bik	PROPN
fsr-3337	195	7	�	�	PROPN
fsr-3337	195	8	0.0004605‡	0.0004605‡	PART
fsr-3337	196	1	[	[	X
fsr-3337	196	2	�	�	PROPN
fsr-3337	196	3	3.19	3.19	NUM
fsr-3337	196	4	]	]	PUNCT
fsr-3337	196	5	0.9951161‡	0.9951161‡	PUNCT
fsr-3337	197	1	[	[	X
fsr-3337	197	2	487.74	487.74	NUM
fsr-3337	197	3	]	]	PUNCT
fsr-3337	197	4	0.9998	0.9998	NUM
fsr-3337	197	5	emerging	emerge	VERB
fsr-3337	197	6	vwo	vwo	PROPN
fsr-3337	197	7	�	�	PROPN
fsr-3337	197	8	0.0006467	0.0006467	NUM
fsr-3337	197	9	[	[	X
fsr-3337	197	10	�	�	NOUN
fsr-3337	197	11	0.53	0.53	NUM
fsr-3337	197	12	]	]	PUNCT
fsr-3337	197	13	1.006852‡	1.006852‡	NUM
fsr-3337	198	1	[	[	X
fsr-3337	198	2	64.07	64.07	NUM
fsr-3337	198	3	]	]	X
fsr-3337	198	4	0.9853	0.9853	NUM
fsr-3337	198	5	emerging	emerge	VERB
fsr-3337	198	6	pxh	pxh	NOUN
fsr-3337	198	7	�	�	PROPN
fsr-3337	198	8	0.001591	0.001591	NUM
fsr-3337	198	9	[	[	PUNCT
fsr-3337	198	10	�	�	ADP
fsr-3337	198	11	1.08	1.08	NUM
fsr-3337	198	12	]	]	PUNCT
fsr-3337	198	13	0.9734497‡	0.9734497‡	NOUN
fsr-3337	199	1	[	[	X
fsr-3337	199	2	53.92	53.92	NUM
fsr-3337	199	3	]	]	PUNCT
fsr-3337	199	4	0.9776	0.9776	NUM
fsr-3337	199	5	emerging	emerge	VERB
fsr-3337	199	6	pie	pie	NOUN
fsr-3337	199	7	�	�	NOUN
fsr-3337	199	8	0.0035638‡	0.0035638‡	NOUN
fsr-3337	200	1	[	[	X
fsr-3337	200	2	�	�	X
fsr-3337	200	3	2.80	2.80	NUM
fsr-3337	200	4	]	]	PUNCT
fsr-3337	200	5	1.020725‡	1.020725‡	NOUN
fsr-3337	201	1	[	[	X
fsr-3337	201	2	42.07	42.07	NUM
fsr-3337	201	3	]	]	X
fsr-3337	201	4	0.9859	0.9859	NUM
fsr-3337	201	5	emerging	emerge	VERB
fsr-3337	201	6	t	t	PROPN
fsr-3337	201	7	-	-	PUNCT
fsr-3337	201	8	stats	stat	NOUN
fsr-3337	201	9	are	be	AUX
fsr-3337	201	10	heteroskedasticity	heteroskedasticity	NOUN
fsr-3337	201	11	consistent	consistent	ADJ
fsr-3337	201	12	.	.	PUNCT
fsr-3337	202	1	*	*	PUNCT
fsr-3337	202	2	significant	significant	ADJ
fsr-3337	202	3	at	at	ADP
fsr-3337	202	4	10	10	NUM
fsr-3337	202	5	%	%	NOUN
fsr-3337	202	6	.	.	PUNCT
fsr-3337	203	1	†	†	PROPN
fsr-3337	203	2	significant	significant	ADJ
fsr-3337	203	3	at	at	ADP
fsr-3337	203	4	5	5	NUM
fsr-3337	203	5	%	%	NOUN
fsr-3337	203	6	.	.	PUNCT
fsr-3337	204	1	‡	‡	PUNCT
fsr-3337	205	1	significant	significant	ADJ
fsr-3337	205	2	at	at	ADP
fsr-3337	205	3	1	1	NUM
fsr-3337	205	4	%	%	NOUN
fsr-3337	205	5	.	.	PUNCT
fsr-3337	206	1	261s	261s	PROPN
fsr-3337	206	2	.	.	PUNCT
fsr-3337	207	1	kanuri	kanuri	PROPN
fsr-3337	207	2	,	,	PUNCT
fsr-3337	207	3	r.w	r.w	PROPN
fsr-3337	207	4	.	.	PROPN
fsr-3337	207	5	mcleod	mcleod	PROPN
fsr-3337	207	6	/	/	SYM
fsr-3337	207	7	financial	financial	ADJ
fsr-3337	207	8	services	service	NOUN
fsr-3337	207	9	review	review	VERB
fsr-3337	207	10	24	24	NUM
fsr-3337	207	11	(	(	PUNCT
fsr-3337	207	12	2015	2015	NUM
fsr-3337	207	13	)	)	PUNCT
fsr-3337	207	14	249–270	249–270	NUM
fsr-3337	207	15	following	follow	VERB
fsr-3337	207	16	rompotis	rompotis	PROPN
fsr-3337	207	17	(	(	PUNCT
fsr-3337	207	18	2009	2009	NUM
fsr-3337	207	19	)	)	PUNCT
fsr-3337	207	20	,	,	PUNCT
fsr-3337	207	21	�	�	PROPN
fsr-3337	207	22	is	be	AUX
fsr-3337	207	23	also	also	ADV
fsr-3337	207	24	a	a	DET
fsr-3337	207	25	measure	measure	NOUN
fsr-3337	207	26	of	of	ADP
fsr-3337	207	27	etfs	etfs	NOUN
fsr-3337	207	28	replication	replication	NOUN
fsr-3337	207	29	strategy	strategy	NOUN
fsr-3337	207	30	.	.	PUNCT
fsr-3337	208	1	a	a	DET
fsr-3337	208	2	�	�	PROPN
fsr-3337	208	3	of	of	ADP
fsr-3337	208	4	1	1	NUM
fsr-3337	208	5	reflects	reflect	VERB
fsr-3337	208	6	full	full	ADJ
fsr-3337	208	7	replication	replication	NOUN
fsr-3337	208	8	strategy	strategy	NOUN
fsr-3337	208	9	,	,	PUNCT
fsr-3337	208	10	whereby	whereby	SCONJ
fsr-3337	208	11	the	the	DET
fsr-3337	208	12	etf	etf	NOUN
fsr-3337	208	13	invest	invest	VERB
fsr-3337	208	14	all	all	DET
fsr-3337	208	15	its	its	PRON
fsr-3337	208	16	funds	fund	NOUN
fsr-3337	208	17	in	in	ADP
fsr-3337	208	18	the	the	DET
fsr-3337	208	19	benchmark	benchmark	NOUN
fsr-3337	208	20	index	index	NOUN
fsr-3337	208	21	.	.	PUNCT
fsr-3337	209	1	on	on	ADP
fsr-3337	209	2	the	the	DET
fsr-3337	209	3	other	other	ADJ
fsr-3337	209	4	hand	hand	NOUN
fsr-3337	209	5	,	,	PUNCT
fsr-3337	209	6	�	�	PROPN
fsr-3337	209	7	that	that	PRON
fsr-3337	209	8	is	be	AUX
fsr-3337	209	9	significantly	significantly	ADV
fsr-3337	209	10	different	different	ADJ
fsr-3337	209	11	than	than	ADP
fsr-3337	209	12	1	1	NUM
fsr-3337	209	13	represents	represent	VERB
fsr-3337	209	14	a	a	DET
fsr-3337	209	15	departure	departure	NOUN
fsr-3337	209	16	from	from	ADP
fsr-3337	209	17	full	full	ADJ
fsr-3337	209	18	replication	replication	NOUN
fsr-3337	209	19	.	.	PUNCT
fsr-3337	210	1	in	in	ADP
fsr-3337	210	2	such	such	ADJ
fsr-3337	210	3	cases	case	NOUN
fsr-3337	210	4	,	,	PUNCT
fsr-3337	210	5	it	it	PRON
fsr-3337	210	6	is	be	AUX
fsr-3337	210	7	assumed	assume	VERB
fsr-3337	210	8	that	that	SCONJ
fsr-3337	210	9	the	the	DET
fsr-3337	210	10	manager	manager	NOUN
fsr-3337	210	11	selected	select	VERB
fsr-3337	210	12	stocks	stock	NOUN
fsr-3337	210	13	anticipating	anticipate	VERB
fsr-3337	210	14	returns	return	NOUN
fsr-3337	210	15	better	well	ADV
fsr-3337	210	16	than	than	ADP
fsr-3337	210	17	the	the	DET
fsr-3337	210	18	benchmark	benchmark	NOUN
fsr-3337	210	19	.	.	PUNCT
fsr-3337	211	1	as	as	SCONJ
fsr-3337	211	2	expected	expect	VERB
fsr-3337	211	3	and	and	CCONJ
fsr-3337	211	4	shown	show	VERB
fsr-3337	211	5	in	in	ADP
fsr-3337	211	6	table	table	NOUN
fsr-3337	211	7	6	6	NUM
fsr-3337	211	8	,	,	PUNCT
fsr-3337	211	9	most	most	ADJ
fsr-3337	211	10	of	of	ADP
fsr-3337	211	11	the	the	DET
fsr-3337	211	12	etfs	etfs	PROPN
fsr-3337	211	13	have	have	VERB
fsr-3337	211	14	very	very	ADV
fsr-3337	211	15	small	small	ADJ
fsr-3337	211	16	or	or	CCONJ
fsr-3337	211	17	insignificantly	insignificantly	ADV
fsr-3337	211	18	negative	negative	ADJ
fsr-3337	211	19	�	�	PROPN
fsr-3337	211	20	s.	s.	PROPN
fsr-3337	211	21	u.s	u.s	PROPN
fsr-3337	211	22	.	.	PROPN
fsr-3337	211	23	etfs	etfs	PROPN
fsr-3337	211	24	slightly	slightly	ADV
fsr-3337	211	25	underperform	underperform	VERB
fsr-3337	211	26	their	their	PRON
fsr-3337	211	27	benchmark	benchmark	NOUN
fsr-3337	211	28	(	(	PUNCT
fsr-3337	211	29	�	�	PROPN
fsr-3337	211	30	is	be	AUX
fsr-3337	211	31	significant	significant	ADJ
fsr-3337	211	32	,	,	PUNCT
fsr-3337	211	33	but	but	CCONJ
fsr-3337	211	34	the	the	DET
fsr-3337	211	35	magnitude	magnitude	NOUN
fsr-3337	211	36	of	of	ADP
fsr-3337	211	37	annualized	annualize	VERB
fsr-3337	211	38	�	�	PROPN
fsr-3337	211	39	is	be	AUX
fsr-3337	211	40	very	very	ADV
fsr-3337	211	41	small	small	ADJ
fsr-3337	211	42	with	with	ADP
fsr-3337	211	43	the	the	DET
fsr-3337	211	44	range	range	NOUN
fsr-3337	211	45	being	be	AUX
fsr-3337	211	46	�	�	NOUN
fsr-3337	211	47	0.04	0.04	NUM
fsr-3337	211	48	%	%	NOUN
fsr-3337	211	49	to	to	ADP
fsr-3337	211	50	�	�	PROPN
fsr-3337	211	51	0.17	0.17	NUM
fsr-3337	211	52	%	%	NOUN
fsr-3337	211	53	)	)	PUNCT
fsr-3337	211	54	,	,	PUNCT
fsr-3337	211	55	whereas	whereas	SCONJ
fsr-3337	211	56	for	for	ADP
fsr-3337	211	57	international	international	ADJ
fsr-3337	211	58	etfs	etfs	PROPN
fsr-3337	211	59	,	,	PUNCT
fsr-3337	211	60	�	�	PROPN
fsr-3337	211	61	is	be	AUX
fsr-3337	211	62	insignificant	insignificant	ADJ
fsr-3337	211	63	in	in	ADP
fsr-3337	211	64	most	most	ADJ
fsr-3337	211	65	cases	case	NOUN
fsr-3337	211	66	.	.	PUNCT
fsr-3337	212	1	the	the	DET
fsr-3337	212	2	�	�	PROPN
fsr-3337	212	3	is	be	AUX
fsr-3337	212	4	significantly	significantly	ADV
fsr-3337	212	5	positive	positive	ADJ
fsr-3337	212	6	only	only	ADV
fsr-3337	212	7	for	for	ADP
fsr-3337	212	8	one	one	NUM
fsr-3337	212	9	total	total	ADJ
fsr-3337	212	10	world	world	NOUN
fsr-3337	212	11	etf	etf	NOUN
fsr-3337	212	12	(	(	PUNCT
fsr-3337	212	13	tok	tok	NOUN
fsr-3337	212	14	)	)	PUNCT
fsr-3337	212	15	.	.	PUNCT
fsr-3337	213	1	even	even	ADV
fsr-3337	213	2	in	in	ADP
fsr-3337	213	3	this	this	DET
fsr-3337	213	4	case	case	NOUN
fsr-3337	213	5	,	,	PUNCT
fsr-3337	213	6	the	the	DET
fsr-3337	213	7	magnitude	magnitude	NOUN
fsr-3337	213	8	of	of	ADP
fsr-3337	213	9	outperformance	outperformance	NOUN
fsr-3337	213	10	is	be	AUX
fsr-3337	213	11	very	very	ADV
fsr-3337	213	12	small	small	ADJ
fsr-3337	213	13	(	(	PUNCT
fsr-3337	213	14	annualized	annualize	VERB
fsr-3337	213	15	�	�	PROPN
fsr-3337	213	16	of	of	ADP
fsr-3337	213	17	0.2	0.2	NUM
fsr-3337	213	18	%	%	NOUN
fsr-3337	213	19	)	)	PUNCT
fsr-3337	213	20	.	.	PUNCT
fsr-3337	214	1	�	�	PROPN
fsr-3337	214	2	is	be	AUX
fsr-3337	214	3	positive	positive	ADJ
fsr-3337	214	4	and	and	CCONJ
fsr-3337	214	5	significant	significant	ADJ
fsr-3337	214	6	(	(	PUNCT
fsr-3337	214	7	at	at	ADP
fsr-3337	214	8	1	1	NUM
fsr-3337	214	9	%	%	NOUN
fsr-3337	214	10	)	)	PUNCT
fsr-3337	214	11	in	in	ADP
fsr-3337	214	12	all	all	DET
fsr-3337	214	13	cases	case	NOUN
fsr-3337	214	14	.	.	PUNCT
fsr-3337	215	1	in	in	ADP
fsr-3337	215	2	most	most	ADJ
fsr-3337	215	3	cases	case	NOUN
fsr-3337	215	4	,	,	PUNCT
fsr-3337	215	5	�	�	PROPN
fsr-3337	215	6	is	be	AUX
fsr-3337	215	7	very	very	ADV
fsr-3337	215	8	close	close	ADJ
fsr-3337	215	9	to	to	ADP
fsr-3337	215	10	1	1	NUM
fsr-3337	215	11	(	(	PUNCT
fsr-3337	215	12	�	�	X
fsr-3337	215	13	�	�	PROPN
fsr-3337	215	14	0.98	0.98	NUM
fsr-3337	215	15	)	)	PUNCT
fsr-3337	215	16	,	,	PUNCT
fsr-3337	215	17	which	which	PRON
fsr-3337	215	18	indicates	indicate	VERB
fsr-3337	215	19	full	full	ADJ
fsr-3337	215	20	replication	replication	NOUN
fsr-3337	215	21	strategy	strategy	NOUN
fsr-3337	215	22	by	by	ADP
fsr-3337	215	23	the	the	DET
fsr-3337	215	24	etf	etf	NOUN
fsr-3337	215	25	manager	manager	NOUN
fsr-3337	215	26	.	.	PUNCT
fsr-3337	216	1	this	this	DET
fsr-3337	216	2	result	result	NOUN
fsr-3337	216	3	clearly	clearly	ADV
fsr-3337	216	4	indicates	indicate	VERB
fsr-3337	216	5	that	that	SCONJ
fsr-3337	216	6	most	most	ADJ
fsr-3337	216	7	of	of	ADP
fsr-3337	216	8	these	these	DET
fsr-3337	216	9	etfs	etfs	NOUN
fsr-3337	216	10	use	use	VERB
fsr-3337	216	11	passive	passive	ADJ
fsr-3337	216	12	replication	replication	NOUN
fsr-3337	216	13	strategies	strategy	NOUN
fsr-3337	216	14	and	and	CCONJ
fsr-3337	216	15	do	do	AUX
fsr-3337	216	16	not	not	PART
fsr-3337	216	17	manage	manage	VERB
fsr-3337	216	18	for	for	ADP
fsr-3337	216	19	positive	positive	ADJ
fsr-3337	216	20	�	�	NOUN
fsr-3337	216	21	.	.	PUNCT
fsr-3337	217	1	7	7	NUM
fsr-3337	217	2	.	.	X
fsr-3337	217	3	diversification	diversification	NOUN
fsr-3337	217	4	we	we	PRON
fsr-3337	217	5	now	now	ADV
fsr-3337	217	6	measure	measure	VERB
fsr-3337	217	7	the	the	DET
fsr-3337	217	8	diversification	diversification	NOUN
fsr-3337	217	9	benefits	benefit	NOUN
fsr-3337	217	10	(	(	PUNCT
fsr-3337	217	11	if	if	SCONJ
fsr-3337	217	12	any	any	PRON
fsr-3337	217	13	)	)	PUNCT
fsr-3337	217	14	of	of	ADP
fsr-3337	217	15	international	international	ADJ
fsr-3337	217	16	etfs	etfs	PROPN
fsr-3337	217	17	for	for	ADP
fsr-3337	217	18	u.s	u.s	PROPN
fsr-3337	217	19	.	.	PROPN
fsr-3337	217	20	investors	investor	NOUN
fsr-3337	217	21	by	by	ADP
fsr-3337	217	22	first	first	ADJ
fsr-3337	217	23	computing	compute	VERB
fsr-3337	217	24	the	the	DET
fsr-3337	217	25	average	average	ADJ
fsr-3337	217	26	correlation	correlation	NOUN
fsr-3337	217	27	between	between	ADP
fsr-3337	217	28	s&p	s&p	PROPN
fsr-3337	217	29	500	500	NUM
fsr-3337	217	30	and	and	CCONJ
fsr-3337	217	31	other	other	ADJ
fsr-3337	217	32	major	major	ADJ
fsr-3337	217	33	u.s	u.s	PROPN
fsr-3337	217	34	.	.	PROPN
fsr-3337	217	35	indices	index	NOUN
fsr-3337	217	36	from	from	ADP
fsr-3337	217	37	january	january	PROPN
fsr-3337	217	38	2008	2008	NUM
fsr-3337	217	39	through	through	ADP
fsr-3337	217	40	june	june	PROPN
fsr-3337	217	41	2013	2013	NUM
fsr-3337	217	42	.	.	PUNCT
fsr-3337	218	1	the	the	DET
fsr-3337	218	2	spearman	spearman	NOUN
fsr-3337	218	3	rank	rank	NOUN
fsr-3337	218	4	correlation	correlation	NOUN
fsr-3337	218	5	test	test	NOUN
fsr-3337	218	6	shown	show	VERB
fsr-3337	218	7	in	in	ADP
fsr-3337	218	8	table	table	NOUN
fsr-3337	218	9	7a	7a	NOUN
fsr-3337	218	10	indicates	indicate	VERB
fsr-3337	218	11	that	that	SCONJ
fsr-3337	218	12	all	all	DET
fsr-3337	218	13	major	major	ADJ
fsr-3337	218	14	u.s	u.s	PROPN
fsr-3337	218	15	.	.	PROPN
fsr-3337	218	16	indices	index	NOUN
fsr-3337	218	17	are	be	AUX
fsr-3337	218	18	highly	highly	ADV
fsr-3337	218	19	correlated	correlate	VERB
fsr-3337	218	20	with	with	ADP
fsr-3337	218	21	the	the	DET
fsr-3337	218	22	s&p	s&p	PROPN
fsr-3337	218	23	500	500	NUM
fsr-3337	218	24	index	index	NOUN
fsr-3337	218	25	.	.	PUNCT
fsr-3337	219	1	the	the	DET
fsr-3337	219	2	results	result	NOUN
fsr-3337	219	3	are	be	AUX
fsr-3337	219	4	also	also	ADV
fsr-3337	219	5	statistically	statistically	ADV
fsr-3337	219	6	significant	significant	ADJ
fsr-3337	219	7	at	at	ADP
fsr-3337	219	8	1	1	NUM
fsr-3337	219	9	%	%	NOUN
fsr-3337	219	10	in	in	ADP
fsr-3337	219	11	all	all	DET
fsr-3337	219	12	cases	case	NOUN
fsr-3337	219	13	.	.	PUNCT
fsr-3337	220	1	for	for	ADP
fsr-3337	220	2	example	example	NOUN
fsr-3337	220	3	,	,	PUNCT
fsr-3337	220	4	the	the	DET
fsr-3337	220	5	correlation	correlation	NOUN
fsr-3337	220	6	between	between	ADP
fsr-3337	220	7	s&p	s&p	PROPN
fsr-3337	220	8	500	500	NUM
fsr-3337	220	9	and	and	CCONJ
fsr-3337	220	10	russell	russell	PROPN
fsr-3337	220	11	3000	3000	NUM
fsr-3337	220	12	(	(	PUNCT
fsr-3337	220	13	that	that	PRON
fsr-3337	220	14	measures	measure	VERB
fsr-3337	220	15	the	the	DET
fsr-3337	220	16	performance	performance	NOUN
fsr-3337	220	17	of	of	ADP
fsr-3337	220	18	the	the	DET
fsr-3337	220	19	largest	large	ADJ
fsr-3337	220	20	3,000	3,000	NUM
fsr-3337	220	21	u.s	u.s	PROPN
fsr-3337	220	22	.	.	PROPN
fsr-3337	220	23	companies	company	NOUN
fsr-3337	220	24	representing	represent	VERB
fsr-3337	220	25	approximately	approximately	ADV
fsr-3337	220	26	98	98	NUM
fsr-3337	220	27	%	%	NOUN
fsr-3337	220	28	of	of	ADP
fsr-3337	220	29	the	the	DET
fsr-3337	220	30	investable	investable	ADJ
fsr-3337	220	31	u.s	u.s	PROPN
fsr-3337	220	32	.	.	PROPN
fsr-3337	220	33	equity	equity	NOUN
fsr-3337	220	34	market	market	NOUN
fsr-3337	220	35	)	)	PUNCT
fsr-3337	220	36	is	be	AUX
fsr-3337	220	37	0.9981	0.9981	NUM
fsr-3337	220	38	(	(	PUNCT
fsr-3337	220	39	statistically	statistically	ADV
fsr-3337	220	40	significant	significant	ADJ
fsr-3337	220	41	at	at	ADP
fsr-3337	220	42	1	1	NUM
fsr-3337	220	43	%	%	NOUN
fsr-3337	220	44	)	)	PUNCT
fsr-3337	220	45	.	.	PUNCT
fsr-3337	221	1	similarly	similarly	ADV
fsr-3337	221	2	,	,	PUNCT
fsr-3337	221	3	the	the	DET
fsr-3337	221	4	significance	significance	NOUN
fsr-3337	221	5	between	between	ADP
fsr-3337	221	6	s&p	s&p	PROPN
fsr-3337	221	7	500	500	NUM
fsr-3337	221	8	and	and	CCONJ
fsr-3337	221	9	dj	dj	X
fsr-3337	221	10	u.s	u.s	PROPN
fsr-3337	221	11	.	.	PROPN
fsr-3337	221	12	total	total	ADJ
fsr-3337	221	13	market	market	NOUN
fsr-3337	221	14	index	index	NOUN
fsr-3337	221	15	is	be	AUX
fsr-3337	221	16	0.9987	0.9987	NUM
fsr-3337	221	17	(	(	PUNCT
fsr-3337	221	18	again	again	ADV
fsr-3337	221	19	significant	significant	ADJ
fsr-3337	221	20	at	at	ADP
fsr-3337	221	21	1	1	NUM
fsr-3337	221	22	%	%	NOUN
fsr-3337	221	23	)	)	PUNCT
fsr-3337	221	24	.	.	PUNCT
fsr-3337	222	1	table	table	NOUN
fsr-3337	222	2	7a	7a	NUM
fsr-3337	222	3	:	:	PUNCT
fsr-3337	222	4	spearman	spearman	NOUN
fsr-3337	222	5	rank	rank	NOUN
fsr-3337	222	6	correlation	correlation	NOUN
fsr-3337	222	7	tests	test	NOUN
fsr-3337	222	8	and	and	CCONJ
fsr-3337	222	9	their	their	PRON
fsr-3337	222	10	significance	significance	NOUN
fsr-3337	222	11	between	between	ADP
fsr-3337	222	12	s&p	s&p	PROPN
fsr-3337	222	13	500	500	NUM
fsr-3337	222	14	and	and	CCONJ
fsr-3337	222	15	other	other	ADJ
fsr-3337	222	16	major	major	ADJ
fsr-3337	222	17	u.s	u.s	PROPN
fsr-3337	222	18	.	.	PROPN
fsr-3337	222	19	indices	indice	VERB
fsr-3337	222	20	major	major	ADJ
fsr-3337	222	21	us	us	PROPN
fsr-3337	222	22	indicies	indicie	NOUN
fsr-3337	222	23	s&p	s&p	PROPN
fsr-3337	222	24	500	500	NUM
fsr-3337	222	25	russell	russell	PROPN
fsr-3337	222	26	1000	1000	NUM
fsr-3337	222	27	djia	djia	PROPN
fsr-3337	222	28	russell	russell	PROPN
fsr-3337	222	29	3000	3000	NUM
fsr-3337	222	30	dj	dj	X
fsr-3337	222	31	u.s	u.s	PROPN
fsr-3337	222	32	.	.	PROPN
fsr-3337	222	33	total	total	ADJ
fsr-3337	222	34	market	market	NOUN
fsr-3337	222	35	index	index	NOUN
fsr-3337	222	36	nasdaq	nasdaq	PROPN
fsr-3337	222	37	100	100	NUM
fsr-3337	222	38	s&p	s&p	PROPN
fsr-3337	222	39	500	500	NUM
fsr-3337	222	40	1.0000	1.0000	NUM
fsr-3337	222	41	russell	russell	PROPN
fsr-3337	222	42	1000	1000	NUM
fsr-3337	222	43	0.9991‡	0.9991‡	NOUN
fsr-3337	222	44	1.0000	1.0000	NUM
fsr-3337	222	45	djia	djia	NOUN
fsr-3337	222	46	0.9804‡	0.9804‡	NUM
fsr-3337	222	47	0.974‡	0.974‡	NUM
fsr-3337	222	48	1.0000	1.0000	NUM
fsr-3337	222	49	russell	russell	PROPN
fsr-3337	222	50	3000	3000	NUM
fsr-3337	222	51	0.9981‡	0.9981‡	NOUN
fsr-3337	222	52	0.9996‡	0.9996‡	NOUN
fsr-3337	222	53	0.9715‡	0.9715‡	NOUN
fsr-3337	223	1	1.0000	1.0000	NUM
fsr-3337	223	2	dj	dj	NOUN
fsr-3337	223	3	us	us	PROPN
fsr-3337	223	4	total	total	ADJ
fsr-3337	223	5	market	market	NOUN
fsr-3337	223	6	index	index	NOUN
fsr-3337	223	7	0.9987‡	0.9987‡	NOUN
fsr-3337	223	8	0.9999‡	0.9999‡	NUM
fsr-3337	224	1	0.9724‡	0.9724‡	NUM
fsr-3337	224	2	0.9998‡	0.9998‡	NOUN
fsr-3337	225	1	1.0000	1.0000	NUM
fsr-3337	225	2	nasdaq	nasdaq	PROPN
fsr-3337	225	3	100	100	NUM
fsr-3337	225	4	0.9232‡	0.9232‡	NUM
fsr-3337	225	5	0.9281‡	0.9281‡	PRON
fsr-3337	225	6	0.8691‡	0.8691‡	NUM
fsr-3337	225	7	0.9283‡	0.9283‡	NOUN
fsr-3337	225	8	0.9292‡	0.9292‡	NOUN
fsr-3337	225	9	1.0000	1.0000	NUM
fsr-3337	225	10	*	*	PUNCT
fsr-3337	225	11	significant	significant	ADJ
fsr-3337	225	12	at	at	ADP
fsr-3337	225	13	10	10	NUM
fsr-3337	225	14	%	%	NOUN
fsr-3337	225	15	.	.	PUNCT
fsr-3337	226	1	†	†	PROPN
fsr-3337	226	2	significant	significant	ADJ
fsr-3337	226	3	at	at	ADP
fsr-3337	226	4	5	5	NUM
fsr-3337	226	5	%	%	NOUN
fsr-3337	226	6	.	.	PUNCT
fsr-3337	227	1	‡	‡	PUNCT
fsr-3337	228	1	significant	significant	ADJ
fsr-3337	228	2	at	at	ADP
fsr-3337	228	3	1	1	NUM
fsr-3337	228	4	%	%	NOUN
fsr-3337	228	5	.	.	PUNCT
fsr-3337	229	1	262	262	NUM
fsr-3337	229	2	s.	s.	PROPN
fsr-3337	229	3	kanuri	kanuri	PROPN
fsr-3337	229	4	,	,	PUNCT
fsr-3337	229	5	r.w	r.w	PROPN
fsr-3337	229	6	.	.	PROPN
fsr-3337	229	7	mcleod	mcleod	PROPN
fsr-3337	229	8	/	/	SYM
fsr-3337	229	9	financial	financial	ADJ
fsr-3337	229	10	services	service	NOUN
fsr-3337	229	11	review	review	VERB
fsr-3337	229	12	24	24	NUM
fsr-3337	229	13	(	(	PUNCT
fsr-3337	229	14	2015	2015	NUM
fsr-3337	229	15	)	)	PUNCT
fsr-3337	230	1	249–270	249–270	NUM
fsr-3337	230	2	secondly	secondly	ADV
fsr-3337	230	3	,	,	PUNCT
fsr-3337	230	4	we	we	PRON
fsr-3337	230	5	measure	measure	VERB
fsr-3337	230	6	the	the	DET
fsr-3337	230	7	correlation	correlation	NOUN
fsr-3337	230	8	between	between	ADP
fsr-3337	230	9	s&p	s&p	PROPN
fsr-3337	230	10	500	500	NUM
fsr-3337	230	11	and	and	CCONJ
fsr-3337	230	12	international	international	ADJ
fsr-3337	230	13	etfs	etfs	NOUN
fsr-3337	230	14	over	over	ADP
fsr-3337	230	15	the	the	DET
fsr-3337	230	16	same	same	ADJ
fsr-3337	230	17	period	period	NOUN
fsr-3337	230	18	.	.	PUNCT
fsr-3337	231	1	our	our	PRON
fsr-3337	231	2	results	result	NOUN
fsr-3337	231	3	shown	show	VERB
fsr-3337	231	4	in	in	ADP
fsr-3337	231	5	table	table	NOUN
fsr-3337	231	6	7b	7b	NOUN
fsr-3337	231	7	indicate	indicate	VERB
fsr-3337	231	8	that	that	SCONJ
fsr-3337	231	9	all	all	DET
fsr-3337	231	10	international	international	ADJ
fsr-3337	231	11	etfs	etfs	NOUN
fsr-3337	231	12	are	be	AUX
fsr-3337	231	13	highly	highly	ADV
fsr-3337	231	14	correlated	correlate	VERB
fsr-3337	231	15	with	with	ADP
fsr-3337	231	16	the	the	DET
fsr-3337	231	17	s&p	s&p	PROPN
fsr-3337	231	18	500	500	NUM
fsr-3337	231	19	(	(	PUNCT
fsr-3337	231	20	statistically	statistically	ADV
fsr-3337	231	21	significant	significant	ADJ
fsr-3337	231	22	at	at	ADP
fsr-3337	231	23	1	1	NUM
fsr-3337	231	24	%	%	NOUN
fsr-3337	231	25	in	in	ADP
fsr-3337	231	26	all	all	DET
fsr-3337	231	27	cases	case	NOUN
fsr-3337	231	28	)	)	PUNCT
fsr-3337	231	29	.	.	PUNCT
fsr-3337	232	1	for	for	ADP
fsr-3337	232	2	example	example	NOUN
fsr-3337	232	3	,	,	PUNCT
fsr-3337	232	4	for	for	ADP
fsr-3337	232	5	world	world	NOUN
fsr-3337	232	6	ex	ex	PROPN
fsr-3337	232	7	u.s	u.s	PROPN
fsr-3337	232	8	.	.	PROPN
fsr-3337	232	9	etfs	etfs	PROPN
fsr-3337	232	10	,	,	PUNCT
fsr-3337	232	11	the	the	DET
fsr-3337	232	12	correlation	correlation	NOUN
fsr-3337	232	13	varies	vary	VERB
fsr-3337	232	14	from	from	ADP
fsr-3337	232	15	0.7824	0.7824	NUM
fsr-3337	232	16	to	to	ADP
fsr-3337	232	17	0.9222	0.9222	NUM
fsr-3337	232	18	(	(	PUNCT
fsr-3337	232	19	statistically	statistically	ADV
fsr-3337	232	20	significant	significant	ADJ
fsr-3337	232	21	at	at	ADP
fsr-3337	232	22	1	1	NUM
fsr-3337	232	23	%	%	NOUN
fsr-3337	232	24	in	in	ADP
fsr-3337	232	25	all	all	DET
fsr-3337	232	26	cases	case	NOUN
fsr-3337	232	27	)	)	PUNCT
fsr-3337	232	28	.	.	PUNCT
fsr-3337	233	1	even	even	ADV
fsr-3337	233	2	in	in	ADP
fsr-3337	233	3	the	the	DET
fsr-3337	233	4	case	case	NOUN
fsr-3337	233	5	of	of	ADP
fsr-3337	233	6	emerging	emerge	VERB
fsr-3337	233	7	market	market	NOUN
fsr-3337	233	8	etfs	etfs	NOUN
fsr-3337	233	9	,	,	PUNCT
fsr-3337	233	10	correlation	correlation	NOUN
fsr-3337	233	11	with	with	ADP
fsr-3337	233	12	s&p	s&p	PROPN
fsr-3337	233	13	500	500	NUM
fsr-3337	233	14	varies	vary	VERB
fsr-3337	233	15	from	from	ADP
fsr-3337	233	16	0.7948	0.7948	NUM
fsr-3337	233	17	to	to	ADP
fsr-3337	233	18	0.8583	0.8583	NUM
fsr-3337	233	19	(	(	PUNCT
fsr-3337	233	20	significant	significant	ADJ
fsr-3337	233	21	at	at	ADP
fsr-3337	233	22	1	1	NUM
fsr-3337	233	23	%	%	NOUN
fsr-3337	233	24	in	in	ADP
fsr-3337	233	25	all	all	DET
fsr-3337	233	26	cases).2	cases).2	PROPN
fsr-3337	233	27	table	table	NOUN
fsr-3337	233	28	7b	7b	NUM
fsr-3337	233	29	:	:	PUNCT
fsr-3337	233	30	shows	show	VERB
fsr-3337	233	31	spearman	spearman	NOUN
fsr-3337	233	32	rank	rank	NOUN
fsr-3337	233	33	correlation	correlation	NOUN
fsr-3337	233	34	between	between	ADP
fsr-3337	233	35	s&p	s&p	PROPN
fsr-3337	233	36	500	500	NUM
fsr-3337	233	37	and	and	CCONJ
fsr-3337	233	38	international	international	ADJ
fsr-3337	233	39	etfs	etfs	PROPN
fsr-3337	233	40	total	total	ADJ
fsr-3337	233	41	world	world	NOUN
fsr-3337	233	42	s&p	s&p	PROPN
fsr-3337	233	43	500	500	NUM
fsr-3337	233	44	dew	dew	NOUN
fsr-3337	233	45	dgt	dgt	PROPN
fsr-3337	233	46	ioo	ioo	PROPN
fsr-3337	233	47	fgd	fgd	PROPN
fsr-3337	233	48	lvl	lvl	PROPN
fsr-3337	233	49	tok	tok	PROPN
fsr-3337	233	50	s&p	s&p	PROPN
fsr-3337	233	51	500	500	NUM
fsr-3337	233	52	1	1	NUM
fsr-3337	233	53	dew	dew	NOUN
fsr-3337	233	54	0.9229‡	0.9229‡	NUM
fsr-3337	233	55	1	1	NUM
fsr-3337	233	56	dgt	dgt	NOUN
fsr-3337	233	57	0.9569‡	0.9569‡	NOUN
fsr-3337	233	58	0.9438‡	0.9438‡	SYM
fsr-3337	233	59	1	1	NUM
fsr-3337	233	60	ioo	ioo	VERB
fsr-3337	233	61	0.9596‡	0.9596‡	NOUN
fsr-3337	234	1	0.9678‡	0.9678‡	NUM
fsr-3337	234	2	0.9867‡	0.9867‡	NUM
fsr-3337	234	3	1	1	NUM
fsr-3337	234	4	fgd	fgd	PROPN
fsr-3337	234	5	0.9031‡	0.9031‡	PROPN
fsr-3337	235	1	0.9636‡	0.9636‡	NUM
fsr-3337	235	2	0.9202‡	0.9202‡	NOUN
fsr-3337	236	1	0.933‡	0.933‡	NUM
fsr-3337	236	2	1	1	NUM
fsr-3337	236	3	lvl	lvl	NOUN
fsr-3337	236	4	0.8937‡	0.8937‡	NUM
fsr-3337	236	5	0.9372‡	0.9372‡	NOUN
fsr-3337	236	6	0.8889‡	0.8889‡	NUM
fsr-3337	236	7	0.8998‡	0.8998‡	NUM
fsr-3337	236	8	0.9587‡	0.9587‡	NOUN
fsr-3337	236	9	1	1	NUM
fsr-3337	236	10	tok	tok	PROPN
fsr-3337	236	11	0.9779‡	0.9779‡	PROPN
fsr-3337	236	12	0.9699‡	0.9699‡	PROPN
fsr-3337	236	13	0.9765‡	0.9765‡	NUM
fsr-3337	236	14	0.9851‡	0.9851‡	NUM
fsr-3337	236	15	0.942‡	0.942‡	NUM
fsr-3337	236	16	0.9212‡	0.9212‡	NUM
fsr-3337	236	17	1	1	NUM
fsr-3337	236	18	total	total	NOUN
fsr-3337	236	19	world	world	NOUN
fsr-3337	236	20	ex	ex	PROPN
fsr-3337	236	21	u.s	u.s	PROPN
fsr-3337	236	22	.	.	PROPN
fsr-3337	236	23	s&p	s&p	PROPN
fsr-3337	236	24	500	500	NUM
fsr-3337	236	25	cwi	cwi	NOUN
fsr-3337	236	26	dnl	dnl	PROPN
fsr-3337	236	27	gwl	gwl	PROPN
fsr-3337	237	1	veu	veu	PROPN
fsr-3337	237	2	s&p	s&p	PROPN
fsr-3337	237	3	500	500	NUM
fsr-3337	237	4	1	1	NUM
fsr-3337	237	5	cwi	cwi	NOUN
fsr-3337	237	6	0.9176‡	0.9176‡	NUM
fsr-3337	237	7	1	1	NUM
fsr-3337	237	8	dnl	dnl	ADJ
fsr-3337	237	9	0.7824‡	0.7824‡	NOUN
fsr-3337	237	10	0.8782‡	0.8782‡	NUM
fsr-3337	237	11	1	1	NUM
fsr-3337	237	12	gwl	gwl	NOUN
fsr-3337	237	13	0.9222‡	0.9222‡	NOUN
fsr-3337	237	14	0.9969‡	0.9969‡	NOUN
fsr-3337	237	15	0.8827‡	0.8827‡	PROPN
fsr-3337	237	16	1	1	NUM
fsr-3337	237	17	veu	veu	NOUN
fsr-3337	237	18	0.918‡	0.918‡	NUM
fsr-3337	237	19	0.9927‡	0.9927‡	NUM
fsr-3337	237	20	0.8711‡	0.8711‡	NUM
fsr-3337	237	21	0.9899‡	0.9899‡	SYM
fsr-3337	237	22	1	1	NUM
fsr-3337	237	23	developed	develop	VERB
fsr-3337	237	24	markets	market	NOUN
fsr-3337	237	25	s&p	s&p	PROPN
fsr-3337	237	26	500	500	NUM
fsr-3337	237	27	adrd	adrd	ADJ
fsr-3337	237	28	dol	dol	VERB
fsr-3337	237	29	doo	doo	PROPN
fsr-3337	237	30	dth	dth	PROPN
fsr-3337	237	31	dwm	dwm	PROPN
fsr-3337	237	32	efa	efa	PROPN
fsr-3337	237	33	idv	idv	PROPN
fsr-3337	237	34	piz	piz	PROPN
fsr-3337	237	35	pxf	pxf	PROPN
fsr-3337	237	36	vea	vea	PROPN
fsr-3337	237	37	s&p	s&p	PROPN
fsr-3337	237	38	500	500	NUM
fsr-3337	237	39	1	1	NUM
fsr-3337	237	40	adrd	adrd	ADJ
fsr-3337	237	41	0.9189‡	0.9189‡	NUM
fsr-3337	237	42	1	1	NUM
fsr-3337	237	43	dol	dol	NOUN
fsr-3337	237	44	0.9044‡	0.9044‡	NOUN
fsr-3337	237	45	0.9865‡	0.9865‡	NUM
fsr-3337	238	1	1	1	NUM
fsr-3337	238	2	doo	doo	INTJ
fsr-3337	238	3	0.9077‡	0.9077‡	PROPN
fsr-3337	238	4	0.9735‡	0.9735‡	NOUN
fsr-3337	239	1	0.9866‡	0.9866‡	NUM
fsr-3337	239	2	1	1	NUM
fsr-3337	239	3	dth	dth	NOUN
fsr-3337	239	4	0.9022‡	0.9022‡	VERB
fsr-3337	239	5	0.9796‡	0.9796‡	NUM
fsr-3337	239	6	0.9947‡	0.9947‡	NOUN
fsr-3337	239	7	0.9928‡	0.9928‡	NUM
fsr-3337	240	1	1	1	NUM
fsr-3337	240	2	dwm	dwm	NOUN
fsr-3337	240	3	0.9071‡	0.9071‡	NOUN
fsr-3337	240	4	0.9853‡	0.9853‡	NOUN
fsr-3337	240	5	0.998‡	0.998‡	NUM
fsr-3337	240	6	0.987‡	0.987‡	NUM
fsr-3337	240	7	0.9934‡	0.9934‡	NOUN
fsr-3337	240	8	1	1	NUM
fsr-3337	240	9	efa	efa	PROPN
fsr-3337	240	10	0.915‡	0.915‡	NUM
fsr-3337	240	11	0.986‡	0.986‡	NUM
fsr-3337	240	12	0.9911‡	0.9911‡	SYM
fsr-3337	240	13	0.9775‡	0.9775‡	NUM
fsr-3337	240	14	0.9823‡	0.9823‡	X
fsr-3337	241	1	0.9957‡	0.9957‡	NUM
fsr-3337	241	2	1	1	NUM
fsr-3337	241	3	idv	idv	NOUN
fsr-3337	241	4	0.8969‡	0.8969‡	NUM
fsr-3337	241	5	0.9528‡	0.9528‡	NUM
fsr-3337	241	6	0.9655‡	0.9655‡	NUM
fsr-3337	242	1	0.9754‡	0.9754‡	NOUN
fsr-3337	242	2	0.9729‡	0.9729‡	NUM
fsr-3337	243	1	0.9714‡	0.9714‡	NUM
fsr-3337	243	2	0.9658‡	0.9658‡	NOUN
fsr-3337	243	3	1	1	NUM
fsr-3337	243	4	piz	piz	X
fsr-3337	243	5	0.8714‡	0.8714‡	NUM
fsr-3337	243	6	0.9256‡	0.9256‡	NUM
fsr-3337	243	7	0.9258‡	0.9258‡	NUM
fsr-3337	244	1	0.9023‡	0.9023‡	NUM
fsr-3337	244	2	0.9031‡	0.9031‡	NOUN
fsr-3337	245	1	0.934‡	0.934‡	NUM
fsr-3337	245	2	0.9446‡	0.9446‡	NOUN
fsr-3337	245	3	0.8982‡	0.8982‡	NUM
fsr-3337	245	4	1	1	NUM
fsr-3337	245	5	pxf	pxf	NOUN
fsr-3337	245	6	0.9036‡	0.9036‡	NUM
fsr-3337	245	7	0.9788‡	0.9788‡	NUM
fsr-3337	245	8	0.9768‡	0.9768‡	NOUN
fsr-3337	245	9	0.9708‡	0.9708‡	NOUN
fsr-3337	245	10	0.9754‡	0.9754‡	NUM
fsr-3337	245	11	0.9817‡	0.9817‡	NUM
fsr-3337	245	12	0.9844‡	0.9844‡	NOUN
fsr-3337	245	13	0.9651‡	0.9651‡	NOUN
fsr-3337	246	1	0.9187‡	0.9187‡	NUM
fsr-3337	246	2	1	1	NUM
fsr-3337	246	3	vea	vea	NOUN
fsr-3337	246	4	0.9181‡	0.9181‡	NUM
fsr-3337	246	5	0.9915‡	0.9915‡	PRON
fsr-3337	246	6	0.986‡	0.986‡	NUM
fsr-3337	246	7	0.9772‡	0.9772‡	NOUN
fsr-3337	246	8	0.9784‡	0.9784‡	NOUN
fsr-3337	246	9	0.9886‡	0.9886‡	PUNCT
fsr-3337	246	10	0.991‡	0.991‡	NUM
fsr-3337	246	11	0.9608‡	0.9608‡	NOUN
fsr-3337	246	12	0.9338‡	0.9338‡	NUM
fsr-3337	246	13	0.978‡	0.978‡	SYM
fsr-3337	246	14	1	1	NUM
fsr-3337	246	15	emerging	emerge	VERB
fsr-3337	246	16	markets	market	NOUN
fsr-3337	246	17	s&p	s&p	PROPN
fsr-3337	246	18	500	500	NUM
fsr-3337	246	19	adre	adre	NOUN
fsr-3337	246	20	bik	bik	PROPN
fsr-3337	246	21	bkf	bkf	PROPN
fsr-3337	246	22	dem	dem	PROPN
fsr-3337	246	23	eeb	eeb	PROPN
fsr-3337	246	24	eem	eem	PROPN
fsr-3337	246	25	gmm	gmm	PROPN
fsr-3337	246	26	pie	pie	NOUN
fsr-3337	246	27	pxh	pxh	NOUN
fsr-3337	246	28	vwo	vwo	PROPN
fsr-3337	246	29	s&p	s&p	PROPN
fsr-3337	246	30	500	500	NUM
fsr-3337	246	31	1	1	NUM
fsr-3337	246	32	adre	adre	NOUN
fsr-3337	246	33	0.8459‡	0.8459‡	NOUN
fsr-3337	246	34	1	1	NUM
fsr-3337	246	35	bik	bik	PROPN
fsr-3337	246	36	0.7948‡	0.7948‡	NUM
fsr-3337	246	37	0.962‡	0.962‡	NUM
fsr-3337	246	38	1	1	NUM
fsr-3337	246	39	bkf	bkf	NOUN
fsr-3337	246	40	0.8041‡	0.8041‡	NOUN
fsr-3337	247	1	0.971‡	0.971‡	NUM
fsr-3337	247	2	0.9938‡	0.9938‡	NUM
fsr-3337	247	3	1	1	NUM
fsr-3337	247	4	dem	dem	NOUN
fsr-3337	247	5	0.8394‡	0.8394‡	X
fsr-3337	247	6	0.9302‡	0.9302‡	NUM
fsr-3337	248	1	0.9259‡	0.9259‡	NOUN
fsr-3337	248	2	0.933‡	0.933‡	NUM
fsr-3337	248	3	1	1	NUM
fsr-3337	248	4	eeb	eeb	PROPN
fsr-3337	248	5	0.8241‡	0.8241‡	PROPN
fsr-3337	248	6	0.9911‡	0.9911‡	X
fsr-3337	249	1	0.9731‡	0.9731‡	NOUN
fsr-3337	249	2	0.9816‡	0.9816‡	NUM
fsr-3337	249	3	0.9257‡	0.9257‡	NUM
fsr-3337	249	4	1	1	NUM
fsr-3337	249	5	eem	eem	VERB
fsr-3337	249	6	0.8583‡	0.8583‡	X
fsr-3337	249	7	0.9767‡	0.9767‡	NUM
fsr-3337	249	8	0.9639‡	0.9639‡	PUNCT
fsr-3337	250	1	0.9754‡	0.9754‡	NOUN
fsr-3337	250	2	0.9665‡	0.9665‡	PUNCT
fsr-3337	250	3	0.968‡	0.968‡	NUM
fsr-3337	250	4	1	1	NUM
fsr-3337	250	5	gmm	gmm	X
fsr-3337	250	6	0.8465‡	0.8465‡	NUM
fsr-3337	250	7	0.9735‡	0.9735‡	NOUN
fsr-3337	250	8	0.9786‡	0.9786‡	NUM
fsr-3337	250	9	0.984‡	0.984‡	NUM
fsr-3337	250	10	0.9686‡	0.9686‡	NOUN
fsr-3337	250	11	0.9718‡	0.9718‡	NUM
fsr-3337	250	12	0.992‡	0.992‡	NUM
fsr-3337	250	13	1	1	NUM
fsr-3337	250	14	pie	pie	NOUN
fsr-3337	250	15	0.8453‡	0.8453‡	X
fsr-3337	250	16	0.9321‡	0.9321‡	NUM
fsr-3337	250	17	0.8994‡	0.8994‡	NOUN
fsr-3337	250	18	0.9132‡	0.9132‡	NUM
fsr-3337	250	19	0.9204‡	0.9204‡	PUNCT
fsr-3337	250	20	0.9164‡	0.9164‡	NOUN
fsr-3337	250	21	0.9482‡	0.9482‡	NUM
fsr-3337	250	22	0.943‡	0.943‡	NUM
fsr-3337	250	23	1	1	NUM
fsr-3337	250	24	pxh	pxh	NOUN
fsr-3337	250	25	0.8575‡	0.8575‡	NUM
fsr-3337	250	26	0.9752‡	0.9752‡	NOUN
fsr-3337	250	27	0.9568‡	0.9568‡	VERB
fsr-3337	250	28	0.9657‡	0.9657‡	NUM
fsr-3337	250	29	0.9578‡	0.9578‡	NUM
fsr-3337	250	30	0.9649‡	0.9649‡	PUNCT
fsr-3337	251	1	0.9903‡	0.9903‡	NOUN
fsr-3337	252	1	0.9826‡	0.9826‡	NUM
fsr-3337	252	2	0.9362‡	0.9362‡	PUNCT
fsr-3337	253	1	1	1	NUM
fsr-3337	253	2	vwo	vwo	NOUN
fsr-3337	253	3	0.8583‡	0.8583‡	NOUN
fsr-3337	254	1	0.978‡	0.978‡	NUM
fsr-3337	254	2	0.9628‡	0.9628‡	NUM
fsr-3337	254	3	0.973‡	0.973‡	NUM
fsr-3337	254	4	0.9632‡	0.9632‡	NUM
fsr-3337	254	5	0.9691‡	0.9691‡	NUM
fsr-3337	254	6	0.9945‡	0.9945‡	NOUN
fsr-3337	254	7	0.9916‡	0.9916‡	NUM
fsr-3337	255	1	0.9501‡	0.9501‡	PUNCT
fsr-3337	255	2	0.9897‡	0.9897‡	NOUN
fsr-3337	255	3	1	1	NUM
fsr-3337	255	4	*	*	NOUN
fsr-3337	255	5	significant	significant	ADJ
fsr-3337	255	6	at	at	ADP
fsr-3337	255	7	10	10	NUM
fsr-3337	255	8	%	%	NOUN
fsr-3337	255	9	.	.	PUNCT
fsr-3337	256	1	†	†	PROPN
fsr-3337	256	2	significant	significant	ADJ
fsr-3337	256	3	at	at	ADP
fsr-3337	256	4	5	5	NUM
fsr-3337	256	5	%	%	NOUN
fsr-3337	256	6	.	.	PUNCT
fsr-3337	257	1	‡	‡	PUNCT
fsr-3337	258	1	significant	significant	ADJ
fsr-3337	258	2	at	at	ADP
fsr-3337	258	3	1	1	NUM
fsr-3337	258	4	%	%	NOUN
fsr-3337	258	5	.	.	PUNCT
fsr-3337	259	1	263s	263s	PROPN
fsr-3337	259	2	.	.	PUNCT
fsr-3337	260	1	kanuri	kanuri	PROPN
fsr-3337	260	2	,	,	PUNCT
fsr-3337	260	3	r.w	r.w	PROPN
fsr-3337	260	4	.	.	PROPN
fsr-3337	260	5	mcleod	mcleod	PROPN
fsr-3337	260	6	/	/	SYM
fsr-3337	260	7	financial	financial	ADJ
fsr-3337	260	8	services	service	NOUN
fsr-3337	260	9	review	review	VERB
fsr-3337	260	10	24	24	NUM
fsr-3337	260	11	(	(	PUNCT
fsr-3337	260	12	2015	2015	NUM
fsr-3337	260	13	)	)	PUNCT
fsr-3337	261	1	249–270	249–270	NUM
fsr-3337	261	2	8	8	NUM
fsr-3337	261	3	.	.	PUNCT
fsr-3337	261	4	single	single	ADJ
fsr-3337	261	5	factor	factor	NOUN
fsr-3337	261	6	model	model	NOUN
fsr-3337	261	7	following	follow	VERB
fsr-3337	261	8	pennathur	pennathur	ADJ
fsr-3337	261	9	,	,	PUNCT
fsr-3337	261	10	delcoure	delcoure	NOUN
fsr-3337	261	11	,	,	PUNCT
fsr-3337	261	12	and	and	CCONJ
fsr-3337	261	13	anderson	anderson	PROPN
fsr-3337	261	14	(	(	PUNCT
fsr-3337	261	15	2002	2002	NUM
fsr-3337	261	16	)	)	PUNCT
fsr-3337	261	17	,	,	PUNCT
fsr-3337	261	18	we	we	PRON
fsr-3337	261	19	use	use	VERB
fsr-3337	261	20	the	the	DET
fsr-3337	261	21	following	follow	VERB
fsr-3337	261	22	single	single	ADJ
fsr-3337	261	23	factor	factor	NOUN
fsr-3337	261	24	model	model	NOUN
fsr-3337	261	25	to	to	PART
fsr-3337	261	26	estimate	estimate	VERB
fsr-3337	261	27	the	the	DET
fsr-3337	261	28	diversification	diversification	NOUN
fsr-3337	261	29	benefits	benefit	NOUN
fsr-3337	261	30	of	of	ADP
fsr-3337	261	31	international	international	ADJ
fsr-3337	261	32	etfs	etfs	PROPN
fsr-3337	261	33	for	for	ADP
fsr-3337	261	34	u.s	u.s	PROPN
fsr-3337	261	35	.	.	PROPN
fsr-3337	261	36	investors	investor	NOUN
fsr-3337	261	37	.	.	PUNCT
fsr-3337	262	1	they	they	PRON
fsr-3337	262	2	used	use	VERB
fsr-3337	262	3	this	this	DET
fsr-3337	262	4	model	model	NOUN
fsr-3337	262	5	to	to	PART
fsr-3337	262	6	estimate	estimate	VERB
fsr-3337	262	7	the	the	DET
fsr-3337	262	8	diversification	diversification	NOUN
fsr-3337	262	9	of	of	ADP
fsr-3337	262	10	international	international	ADJ
fsr-3337	262	11	closed	close	VERB
fsr-3337	262	12	-	-	PUNCT
fsr-3337	262	13	end	end	NOUN
fsr-3337	262	14	country	country	NOUN
fsr-3337	262	15	funds	fund	NOUN
fsr-3337	262	16	relative	relative	ADJ
fsr-3337	262	17	to	to	ADP
fsr-3337	262	18	the	the	DET
fsr-3337	262	19	s&p	s&p	PROPN
fsr-3337	262	20	500	500	NUM
fsr-3337	262	21	.	.	PUNCT
fsr-3337	262	22	retf	retf	NOUN
fsr-3337	262	23	,	,	PUNCT
fsr-3337	262	24	t	t	PROPN
fsr-3337	262	25	�	�	PROPN
fsr-3337	262	26	�	�	PROPN
fsr-3337	262	27	i	i	PROPN
fsr-3337	262	28	�	�	PROPN
fsr-3337	262	29	�	�	PROPN
fsr-3337	262	30	i	i	PROPN
fsr-3337	262	31	*	*	PUNCT
fsr-3337	262	32	rs&p	rs&p	PROPN
fsr-3337	262	33	500	500	NUM
fsr-3337	262	34	,	,	PUNCT
fsr-3337	262	35	t	t	PROPN
fsr-3337	262	36	�	�	PROPN
fsr-3337	262	37	ei	ei	PROPN
fsr-3337	262	38	,	,	PUNCT
fsr-3337	262	39	t	t	PROPN
fsr-3337	262	40	(	(	PUNCT
fsr-3337	262	41	8)	8)	NUM
fsr-3337	262	42	where	where	SCONJ
fsr-3337	262	43	retf	retf	NOUN
fsr-3337	262	44	,	,	PUNCT
fsr-3337	262	45	t	t	PROPN
fsr-3337	262	46	and	and	CCONJ
fsr-3337	262	47	r	r	PROPN
fsr-3337	262	48	s&p	s&p	PROPN
fsr-3337	262	49	500,t	500,t	NOUN
fsr-3337	262	50	are	be	AUX
fsr-3337	262	51	monthly	monthly	ADJ
fsr-3337	262	52	returns	return	NOUN
fsr-3337	262	53	for	for	ADP
fsr-3337	262	54	international	international	ADJ
fsr-3337	262	55	etfs	etfs	PROPN
fsr-3337	262	56	and	and	CCONJ
fsr-3337	262	57	the	the	DET
fsr-3337	262	58	s&p	s&p	PROPN
fsr-3337	262	59	500	500	NUM
fsr-3337	262	60	index	index	NOUN
fsr-3337	262	61	,	,	PUNCT
fsr-3337	262	62	respectively	respectively	ADV
fsr-3337	262	63	.	.	PUNCT
fsr-3337	262	64	table	table	NOUN
fsr-3337	262	65	8	8	NUM
fsr-3337	262	66	the	the	DET
fsr-3337	262	67	regression	regression	NOUN
fsr-3337	262	68	of	of	ADP
fsr-3337	262	69	monthly	monthly	ADJ
fsr-3337	262	70	international	international	ADJ
fsr-3337	262	71	etf	etf	NOUN
fsr-3337	262	72	returns	return	NOUN
fsr-3337	262	73	on	on	ADP
fsr-3337	262	74	monthly	monthly	ADJ
fsr-3337	262	75	s&p	s&p	PROPN
fsr-3337	262	76	500	500	NUM
fsr-3337	262	77	returns	return	NOUN
fsr-3337	262	78	for	for	ADP
fsr-3337	262	79	the	the	DET
fsr-3337	262	80	entire	entire	ADJ
fsr-3337	262	81	period	period	NOUN
fsr-3337	262	82	(	(	PUNCT
fsr-3337	262	83	january	january	PROPN
fsr-3337	262	84	2008	2008	NUM
fsr-3337	262	85	through	through	ADP
fsr-3337	262	86	june	june	PROPN
fsr-3337	262	87	2013	2013	NUM
fsr-3337	262	88	)	)	PUNCT
fsr-3337	262	89	following	follow	VERB
fsr-3337	262	90	pennathur	pennathur	PROPN
fsr-3337	262	91	et	et	PROPN
fsr-3337	262	92	al	al	PROPN
fsr-3337	262	93	.	.	PROPN
fsr-3337	263	1	(	(	PUNCT
fsr-3337	263	2	2002	2002	NUM
fsr-3337	263	3	)	)	PUNCT
fsr-3337	263	4	etf	etf	NOUN
fsr-3337	263	5	�	�	PROPN
fsr-3337	263	6	t	t	PROPN
fsr-3337	263	7	s&p	s&p	PROPN
fsr-3337	263	8	500	500	NUM
fsr-3337	263	9	t	t	NOUN
fsr-3337	263	10	r2	r2	NOUN
fsr-3337	263	11	category	category	NOUN
fsr-3337	263	12	dew	dew	NOUN
fsr-3337	263	13	�	�	VERB
fsr-3337	263	14	0.005464	0.005464	NOUN
fsr-3337	263	15	*	*	PUNCT
fsr-3337	264	1	[	[	X
fsr-3337	264	2	�	�	X
fsr-3337	264	3	1.75	1.75	NUM
fsr-3337	264	4	]	]	PUNCT
fsr-3337	264	5	1.143574‡	1.143574‡	NUM
fsr-3337	265	1	[	[	X
fsr-3337	265	2	17.90	17.90	NUM
fsr-3337	265	3	]	]	SYM
fsr-3337	265	4	0.8517	0.8517	NUM
fsr-3337	265	5	total	total	ADJ
fsr-3337	265	6	world	world	NOUN
fsr-3337	265	7	dgt	dgt	PROPN
fsr-3337	265	8	�	�	PROPN
fsr-3337	265	9	0.0052699†	0.0052699†	NUM
fsr-3337	265	10	[	[	X
fsr-3337	265	11	�	�	ADP
fsr-3337	265	12	2.61	2.61	NUM
fsr-3337	265	13	]	]	PUNCT
fsr-3337	265	14	0.9948454‡	0.9948454‡	NOUN
fsr-3337	266	1	[	[	X
fsr-3337	266	2	26.41	26.41	NUM
fsr-3337	266	3	]	]	PUNCT
fsr-3337	266	4	0.9157	0.9157	NUM
fsr-3337	266	5	total	total	ADJ
fsr-3337	266	6	world	world	NOUN
fsr-3337	266	7	ioo	ioo	VERB
fsr-3337	266	8	�	�	PROPN
fsr-3337	266	9	0.0033817	0.0033817	NUM
fsr-3337	266	10	*	*	PUNCT
fsr-3337	267	1	[	[	X
fsr-3337	267	2	�	�	X
fsr-3337	267	3	1.68	1.68	NUM
fsr-3337	267	4	]	]	PUNCT
fsr-3337	267	5	1.029334‡	1.029334‡	NUM
fsr-3337	267	6	[	[	X
fsr-3337	267	7	26.76	26.76	NUM
fsr-3337	267	8	]	]	SYM
fsr-3337	267	9	0.9208	0.9208	NUM
fsr-3337	267	10	total	total	ADJ
fsr-3337	267	11	world	world	NOUN
fsr-3337	267	12	fgd	fgd	PROPN
fsr-3337	267	13	�	�	PROPN
fsr-3337	267	14	0.0027508	0.0027508	NUM
fsr-3337	267	15	[	[	PUNCT
fsr-3337	267	16	�	�	NOUN
fsr-3337	267	17	0.73	0.73	NUM
fsr-3337	267	18	]	]	PUNCT
fsr-3337	267	19	1.224583‡	1.224583‡	NOUN
fsr-3337	268	1	[	[	X
fsr-3337	268	2	14.22	14.22	NUM
fsr-3337	268	3	]	]	PUNCT
fsr-3337	268	4	0.8155	0.8155	NUM
fsr-3337	268	5	total	total	ADJ
fsr-3337	268	6	world	world	NOUN
fsr-3337	268	7	lvl	lvl	PROPN
fsr-3337	268	8	�	�	PROPN
fsr-3337	268	9	0.005087	0.005087	NUM
fsr-3337	268	10	[	[	PUNCT
fsr-3337	268	11	�	�	ADP
fsr-3337	268	12	1.19	1.19	NUM
fsr-3337	268	13	]	]	PUNCT
fsr-3337	268	14	1.275853‡	1.275853‡	NUM
fsr-3337	269	1	[	[	X
fsr-3337	269	2	10.91	10.91	NUM
fsr-3337	269	3	]	]	SYM
fsr-3337	269	4	0.7987	0.7987	NUM
fsr-3337	269	5	total	total	ADJ
fsr-3337	269	6	world	world	PROPN
fsr-3337	269	7	tok	tok	PROPN
fsr-3337	269	8	�	�	PROPN
fsr-3337	269	9	0.0025677	0.0025677	PROPN
fsr-3337	269	10	[	[	X
fsr-3337	269	11	�	�	X
fsr-3337	269	12	1.63	1.63	NUM
fsr-3337	269	13	]	]	PUNCT
fsr-3337	269	14	1.098427‡	1.098427‡	NUM
fsr-3337	270	1	[	[	X
fsr-3337	270	2	38.61	38.61	NUM
fsr-3337	270	3	]	]	SYM
fsr-3337	270	4	0.9563	0.9563	NUM
fsr-3337	270	5	total	total	ADJ
fsr-3337	270	6	world	world	NOUN
fsr-3337	270	7	cwi	cwi	PROPN
fsr-3337	270	8	�	�	PROPN
fsr-3337	270	9	0.0051134	0.0051134	NUM
fsr-3337	270	10	[	[	X
fsr-3337	270	11	�	�	X
fsr-3337	270	12	1.54	1.54	NUM
fsr-3337	270	13	]	]	PUNCT
fsr-3337	270	14	1.154643‡	1.154643‡	NUM
fsr-3337	271	1	[	[	X
fsr-3337	271	2	19.73	19.73	NUM
fsr-3337	271	3	]	]	SYM
fsr-3337	271	4	0.8419	0.8419	NUM
fsr-3337	271	5	total	total	ADJ
fsr-3337	271	6	world	world	NOUN
fsr-3337	271	7	ex	ex	X
fsr-3337	271	8	us	us	PROPN
fsr-3337	271	9	dnl	dnl	PROPN
fsr-3337	271	10	�	�	PROPN
fsr-3337	271	11	0.0014771	0.0014771	PROPN
fsr-3337	271	12	[	[	X
fsr-3337	271	13	�	�	NOUN
fsr-3337	271	14	0.34	0.34	NUM
fsr-3337	271	15	]	]	PUNCT
fsr-3337	271	16	0.8249698‡	0.8249698‡	NOUN
fsr-3337	272	1	[	[	X
fsr-3337	272	2	7.41	7.41	NUM
fsr-3337	272	3	]	]	SYM
fsr-3337	272	4	0.6121	0.6121	NUM
fsr-3337	272	5	total	total	ADJ
fsr-3337	272	6	world	world	NOUN
fsr-3337	272	7	ex	ex	X
fsr-3337	272	8	us	us	PROPN
fsr-3337	272	9	gwl	gwl	PROPN
fsr-3337	272	10	�	�	PROPN
fsr-3337	272	11	0.0049754	0.0049754	NUM
fsr-3337	272	12	[	[	PUNCT
fsr-3337	272	13	�	�	PROPN
fsr-3337	272	14	1.59	1.59	NUM
fsr-3337	272	15	]	]	PUNCT
fsr-3337	272	16	1.12824‡	1.12824‡	NUM
fsr-3337	272	17	[	[	X
fsr-3337	272	18	20.96	20.96	NUM
fsr-3337	272	19	]	]	PUNCT
fsr-3337	272	20	0.8504	0.8504	NUM
fsr-3337	272	21	total	total	ADJ
fsr-3337	272	22	world	world	NOUN
fsr-3337	272	23	ex	ex	X
fsr-3337	272	24	us	us	PROPN
fsr-3337	272	25	veu	veu	PROPN
fsr-3337	272	26	�	�	PROPN
fsr-3337	272	27	0.0051187	0.0051187	PROPN
fsr-3337	272	28	[	[	X
fsr-3337	272	29	�	�	X
fsr-3337	272	30	1.49	1.49	NUM
fsr-3337	272	31	]	]	PUNCT
fsr-3337	272	32	1.207013‡	1.207013‡	PROPN
fsr-3337	273	1	[	[	X
fsr-3337	273	2	20.79	20.79	NUM
fsr-3337	273	3	]	]	PUNCT
fsr-3337	273	4	0.8427	0.8427	NUM
fsr-3337	273	5	total	total	ADJ
fsr-3337	273	6	world	world	NOUN
fsr-3337	273	7	ex	ex	X
fsr-3337	273	8	us	us	PROPN
fsr-3337	273	9	adrd	adrd	PROPN
fsr-3337	273	10	�	�	PROPN
fsr-3337	273	11	0.0059064	0.0059064	NUM
fsr-3337	273	12	*	*	PUNCT
fsr-3337	274	1	[	[	X
fsr-3337	274	2	�	�	X
fsr-3337	274	3	1.79	1.79	NUM
fsr-3337	274	4	]	]	PUNCT
fsr-3337	274	5	1.177599‡	1.177599‡	NUM
fsr-3337	275	1	[	[	X
fsr-3337	275	2	21.48	21.48	NUM
fsr-3337	275	3	]	]	PUNCT
fsr-3337	275	4	0.8444	0.8444	NUM
fsr-3337	275	5	developed	develop	VERB
fsr-3337	275	6	dol	dol	NOUN
fsr-3337	275	7	�	�	NOUN
fsr-3337	275	8	0.0060609	0.0060609	NUM
fsr-3337	275	9	*	*	PUNCT
fsr-3337	276	1	[	[	X
fsr-3337	276	2	�	�	NOUN
fsr-3337	276	3	1.77	1.77	NUM
fsr-3337	276	4	]	]	PUNCT
fsr-3337	276	5	1.10468‡	1.10468‡	NUM
fsr-3337	276	6	[	[	X
fsr-3337	276	7	20.49	20.49	NUM
fsr-3337	276	8	]	]	SYM
fsr-3337	276	9	0.8179	0.8179	NUM
fsr-3337	276	10	developed	develop	VERB
fsr-3337	276	11	doo	doo	PROPN
fsr-3337	276	12	�	�	PROPN
fsr-3337	276	13	0.0067583	0.0067583	NUM
fsr-3337	276	14	*	*	PUNCT
fsr-3337	277	1	[	[	X
fsr-3337	277	2	�	�	X
fsr-3337	277	3	1.85	1.85	NUM
fsr-3337	277	4	]	]	PUNCT
fsr-3337	277	5	1.18415‡	1.18415‡	NUM
fsr-3337	278	1	[	[	X
fsr-3337	278	2	16.39	16.39	NUM
fsr-3337	278	3	]	]	SYM
fsr-3337	278	4	0.8239	0.8239	NUM
fsr-3337	278	5	developed	develop	VERB
fsr-3337	278	6	dth	dth	PROPN
fsr-3337	278	7	�	�	NOUN
fsr-3337	278	8	0.0063656	0.0063656	NUM
fsr-3337	278	9	*	*	PUNCT
fsr-3337	279	1	[	[	X
fsr-3337	279	2	�	�	X
fsr-3337	279	3	1.73	1.73	NUM
fsr-3337	279	4	]	]	SYM
fsr-3337	279	5	1.173226‡	1.173226‡	NUM
fsr-3337	280	1	[	[	X
fsr-3337	280	2	18.85	18.85	NUM
fsr-3337	280	3	]	]	PUNCT
fsr-3337	280	4	0.8140	0.8140	NUM
fsr-3337	280	5	developed	develop	VERB
fsr-3337	280	6	dwm	dwm	PROPN
fsr-3337	280	7	�	�	PROPN
fsr-3337	280	8	0.0057644	0.0057644	NUM
fsr-3337	280	9	*	*	PUNCT
fsr-3337	281	1	[	[	X
fsr-3337	281	2	�	�	X
fsr-3337	281	3	1.70	1.70	NUM
fsr-3337	281	4	]	]	PUNCT
fsr-3337	281	5	1.111143‡	1.111143‡	NUM
fsr-3337	281	6	[	[	X
fsr-3337	281	7	20.12	20.12	NUM
fsr-3337	281	8	]	]	SYM
fsr-3337	281	9	0.8229	0.8229	NUM
fsr-3337	281	10	developed	develop	VERB
fsr-3337	281	11	efa	efa	PROPN
fsr-3337	281	12	�	�	PROPN
fsr-3337	281	13	0.0053195	0.0053195	PROPN
fsr-3337	281	14	[	[	X
fsr-3337	281	15	�	�	X
fsr-3337	281	16	1.62	1.62	NUM
fsr-3337	281	17	]	]	PUNCT
fsr-3337	281	18	1.123948‡	1.123948‡	NUM
fsr-3337	282	1	[	[	X
fsr-3337	282	2	20.20	20.20	NUM
fsr-3337	282	3	]	]	PUNCT
fsr-3337	282	4	0.8373	0.8373	NUM
fsr-3337	282	5	developed	develop	VERB
fsr-3337	282	6	idv	idv	PROPN
fsr-3337	282	7	�	�	PROPN
fsr-3337	282	8	.0041174	.0041174	PROPN
fsr-3337	283	1	[	[	X
fsr-3337	283	2	�	�	X
fsr-3337	283	3	0.97	0.97	NUM
fsr-3337	283	4	]	]	PUNCT
fsr-3337	283	5	1.286446‡	1.286446‡	NUM
fsr-3337	284	1	[	[	X
fsr-3337	284	2	12.96	12.96	NUM
fsr-3337	284	3	]	]	X
fsr-3337	284	4	0.8045	0.8045	NUM
fsr-3337	284	5	developed	develop	VERB
fsr-3337	284	6	piz	piz	PROPN
fsr-3337	284	7	�	�	PROPN
fsr-3337	284	8	0.0040626	0.0040626	NUM
fsr-3337	284	9	[	[	PUNCT
fsr-3337	284	10	�	�	NOUN
fsr-3337	284	11	0.87	0.87	NUM
fsr-3337	284	12	]	]	PUNCT
fsr-3337	284	13	1.208036‡	1.208036‡	NUM
fsr-3337	285	1	[	[	X
fsr-3337	285	2	12.95	12.95	NUM
fsr-3337	285	3	]	]	PUNCT
fsr-3337	285	4	0.7593	0.7593	NUM
fsr-3337	285	5	developed	develop	VERB
fsr-3337	285	6	pxf	pxf	PROPN
fsr-3337	285	7	�	�	NOUN
fsr-3337	285	8	0.0057306	0.0057306	NUM
fsr-3337	285	9	[	[	X
fsr-3337	285	10	�	�	ADP
fsr-3337	285	11	1.49	1.49	NUM
fsr-3337	285	12	]	]	PUNCT
fsr-3337	285	13	1.266507‡	1.266507‡	NUM
fsr-3337	285	14	[	[	X
fsr-3337	285	15	17.28	17.28	NUM
fsr-3337	285	16	]	]	PUNCT
fsr-3337	285	17	0.8165	0.8165	NUM
fsr-3337	285	18	developed	develop	VERB
fsr-3337	285	19	vea	vea	PROPN
fsr-3337	285	20	�	�	PROPN
fsr-3337	285	21	0.0050758	0.0050758	NUM
fsr-3337	285	22	[	[	X
fsr-3337	285	23	�	�	NOUN
fsr-3337	285	24	1.54	1.54	NUM
fsr-3337	285	25	]	]	PUNCT
fsr-3337	285	26	1.162653‡	1.162653‡	NUM
fsr-3337	286	1	[	[	X
fsr-3337	286	2	22.44	22.44	NUM
fsr-3337	286	3	]	]	X
fsr-3337	286	4	0.8429	0.8429	NUM
fsr-3337	286	5	developed	develop	VERB
fsr-3337	286	6	adre	adre	PROPN
fsr-3337	286	7	�	�	PROPN
fsr-3337	286	8	0.0077003	0.0077003	NUM
fsr-3337	286	9	[	[	PUNCT
fsr-3337	286	10	�	�	ADP
fsr-3337	286	11	1.46	1.46	NUM
fsr-3337	286	12	]	]	PUNCT
fsr-3337	286	13	1.239071‡	1.239071‡	NUM
fsr-3337	287	1	[	[	X
fsr-3337	287	2	11.31	11.31	NUM
fsr-3337	287	3	]	]	PUNCT
fsr-3337	287	4	0.7155	0.7155	NUM
fsr-3337	287	5	emerging	emerge	VERB
fsr-3337	287	6	bik	bik	PROPN
fsr-3337	287	7	�	�	PROPN
fsr-3337	287	8	0.0069385	0.0069385	PROPN
fsr-3337	287	9	[	[	SYM
fsr-3337	287	10	�	�	PROPN
fsr-3337	287	11	1.05	1.05	NUM
fsr-3337	287	12	]	]	PUNCT
fsr-3337	287	13	1.282092‡	1.282092‡	NUM
fsr-3337	287	14	[	[	X
fsr-3337	287	15	9.21	9.21	NUM
fsr-3337	287	16	]	]	X
fsr-3337	287	17	0.6316	0.6316	NUM
fsr-3337	287	18	emerging	emerge	VERB
fsr-3337	287	19	bkf	bkf	NOUN
fsr-3337	287	20	�	�	PROPN
fsr-3337	287	21	0.0087125	0.0087125	NUM
fsr-3337	287	22	[	[	X
fsr-3337	287	23	�	�	NOUN
fsr-3337	287	24	1.29	1.29	NUM
fsr-3337	287	25	]	]	PUNCT
fsr-3337	287	26	1.362032‡	1.362032‡	NUM
fsr-3337	288	1	[	[	X
fsr-3337	288	2	10.18	10.18	NUM
fsr-3337	288	3	]	]	PUNCT
fsr-3337	288	4	0.6466	0.6466	NUM
fsr-3337	288	5	emerging	emerge	VERB
fsr-3337	288	6	dem	dem	PROPN
fsr-3337	288	7	�	�	PROPN
fsr-3337	288	8	0.0005135	0.0005135	NUM
fsr-3337	288	9	[	[	X
fsr-3337	288	10	�	�	X
fsr-3337	288	11	0.11	0.11	NUM
fsr-3337	288	12	]	]	PUNCT
fsr-3337	288	13	1.061991‡	1.061991‡	NUM
fsr-3337	289	1	[	[	X
fsr-3337	289	2	12.12	12.12	NUM
fsr-3337	289	3	]	]	PUNCT
fsr-3337	289	4	0.7046	0.7046	NUM
fsr-3337	289	5	emerging	emerge	VERB
fsr-3337	289	6	eeb	eeb	PROPN
fsr-3337	289	7	�	�	PROPN
fsr-3337	289	8	0.0085882	0.0085882	NUM
fsr-3337	289	9	[	[	X
fsr-3337	289	10	�	�	NOUN
fsr-3337	289	11	1.37	1.37	NUM
fsr-3337	289	12	]	]	PUNCT
fsr-3337	289	13	1.359787‡	1.359787‡	PROPN
fsr-3337	290	1	[	[	X
fsr-3337	290	2	10.79	10.79	NUM
fsr-3337	290	3	]	]	PUNCT
fsr-3337	290	4	0.6791	0.6791	NUM
fsr-3337	290	5	emerging	emerge	VERB
fsr-3337	290	6	eem	eem	PROPN
fsr-3337	290	7	�	�	PROPN
fsr-3337	290	8	0.0051737	0.0051737	NUM
fsr-3337	290	9	[	[	PUNCT
fsr-3337	290	10	�	�	ADP
fsr-3337	290	11	1.01	1.01	NUM
fsr-3337	290	12	]	]	PUNCT
fsr-3337	290	13	1.28185‡	1.28185‡	NUM
fsr-3337	291	1	[	[	X
fsr-3337	291	2	13.43	13.43	NUM
fsr-3337	291	3	]	]	X
fsr-3337	291	4	0.7366	0.7366	NUM
fsr-3337	291	5	emerging	emerge	VERB
fsr-3337	291	6	gmm	gmm	PROPN
fsr-3337	291	7	�	�	PROPN
fsr-3337	291	8	0.0043526	0.0043526	NUM
fsr-3337	291	9	[	[	X
fsr-3337	291	10	�	�	X
fsr-3337	291	11	0.82	0.82	NUM
fsr-3337	291	12	]	]	PUNCT
fsr-3337	291	13	1.250542‡	1.250542‡	NUM
fsr-3337	292	1	[	[	X
fsr-3337	292	2	10.95	10.95	NUM
fsr-3337	292	3	]	]	PUNCT
fsr-3337	292	4	0.7166	0.7166	NUM
fsr-3337	292	5	emerging	emerge	VERB
fsr-3337	292	6	pie	pie	NOUN
fsr-3337	292	7	�	�	NOUN
fsr-3337	292	8	0.0066144	0.0066144	NUM
fsr-3337	292	9	[	[	X
fsr-3337	292	10	�	�	X
fsr-3337	292	11	1.12	1.12	NUM
fsr-3337	292	12	]	]	PUNCT
fsr-3337	292	13	1.343829‡	1.343829‡	PROPN
fsr-3337	293	1	[	[	X
fsr-3337	293	2	9.85	9.85	NUM
fsr-3337	293	3	]	]	PUNCT
fsr-3337	293	4	0.7145	0.7145	NUM
fsr-3337	293	5	emerging	emerge	VERB
fsr-3337	293	6	pxh	pxh	NOUN
fsr-3337	293	7	�	�	NOUN
fsr-3337	293	8	0.005889	0.005889	NUM
fsr-3337	293	9	[	[	PUNCT
fsr-3337	293	10	�	�	X
fsr-3337	293	11	1.16	1.16	NUM
fsr-3337	293	12	]	]	PUNCT
fsr-3337	293	13	1.287644‡	1.287644‡	NUM
fsr-3337	294	1	[	[	X
fsr-3337	294	2	13.18	13.18	NUM
fsr-3337	294	3	]	]	PUNCT
fsr-3337	294	4	0.7353	0.7353	NUM
fsr-3337	294	5	emerging	emerge	VERB
fsr-3337	294	6	vwo	vwo	PROPN
fsr-3337	294	7	�	�	PROPN
fsr-3337	294	8	0.0051226	0.0051226	NUM
fsr-3337	294	9	[	[	PUNCT
fsr-3337	294	10	�	�	NOUN
fsr-3337	294	11	0.97	0.97	NUM
fsr-3337	294	12	]	]	SYM
fsr-3337	294	13	1.31925‡	1.31925‡	NUM
fsr-3337	294	14	[	[	X
fsr-3337	294	15	12.52	12.52	NUM
fsr-3337	294	16	]	]	PUNCT
fsr-3337	294	17	0.7367	0.7367	NUM
fsr-3337	294	18	emerging	emerge	VERB
fsr-3337	294	19	t	t	PROPN
fsr-3337	294	20	-	-	PUNCT
fsr-3337	294	21	stats	stat	NOUN
fsr-3337	294	22	are	be	AUX
fsr-3337	294	23	heteroskedasticity	heteroskedasticity	NOUN
fsr-3337	294	24	consistent	consistent	ADJ
fsr-3337	294	25	.	.	PUNCT
fsr-3337	295	1	*	*	PUNCT
fsr-3337	295	2	significant	significant	ADJ
fsr-3337	295	3	at	at	ADP
fsr-3337	295	4	10	10	NUM
fsr-3337	295	5	%	%	NOUN
fsr-3337	295	6	.	.	PUNCT
fsr-3337	296	1	†	†	PROPN
fsr-3337	296	2	significant	significant	ADJ
fsr-3337	296	3	at	at	ADP
fsr-3337	296	4	5	5	NUM
fsr-3337	296	5	%	%	NOUN
fsr-3337	296	6	.	.	PUNCT
fsr-3337	297	1	‡	‡	PUNCT
fsr-3337	298	1	significant	significant	ADJ
fsr-3337	298	2	at	at	ADP
fsr-3337	298	3	1	1	NUM
fsr-3337	298	4	%	%	NOUN
fsr-3337	298	5	.	.	PUNCT
fsr-3337	299	1	264	264	NUM
fsr-3337	299	2	s.	s.	PROPN
fsr-3337	299	3	kanuri	kanuri	PROPN
fsr-3337	299	4	,	,	PUNCT
fsr-3337	299	5	r.w	r.w	PROPN
fsr-3337	299	6	.	.	PROPN
fsr-3337	299	7	mcleod	mcleod	PROPN
fsr-3337	299	8	/	/	SYM
fsr-3337	299	9	financial	financial	ADJ
fsr-3337	299	10	services	service	NOUN
fsr-3337	299	11	review	review	VERB
fsr-3337	299	12	24	24	NUM
fsr-3337	299	13	(	(	PUNCT
fsr-3337	299	14	2015	2015	NUM
fsr-3337	299	15	)	)	PUNCT
fsr-3337	300	1	249–270	249–270	NUM
fsr-3337	300	2	here	here	ADV
fsr-3337	300	3	we	we	PRON
fsr-3337	300	4	regress	regress	VERB
fsr-3337	300	5	monthly	monthly	ADJ
fsr-3337	300	6	international	international	ADJ
fsr-3337	300	7	etf	etf	NOUN
fsr-3337	300	8	returns	return	NOUN
fsr-3337	300	9	on	on	ADP
fsr-3337	300	10	monthly	monthly	ADJ
fsr-3337	300	11	s&p	s&p	PROPN
fsr-3337	300	12	500	500	NUM
fsr-3337	300	13	returns	return	NOUN
fsr-3337	300	14	.	.	PUNCT
fsr-3337	301	1	a	a	DET
fsr-3337	301	2	�	�	PROPN
fsr-3337	301	3	close	close	ADJ
fsr-3337	301	4	to	to	ADP
fsr-3337	301	5	or	or	CCONJ
fsr-3337	301	6	higher	high	ADJ
fsr-3337	301	7	than	than	ADP
fsr-3337	301	8	1	1	NUM
fsr-3337	301	9	would	would	AUX
fsr-3337	301	10	indicate	indicate	VERB
fsr-3337	301	11	that	that	SCONJ
fsr-3337	301	12	international	international	ADJ
fsr-3337	301	13	etf	etf	NOUN
fsr-3337	301	14	return	return	NOUN
fsr-3337	301	15	mimics	mimic	VERB
fsr-3337	301	16	the	the	DET
fsr-3337	301	17	s&p	s&p	PROPN
fsr-3337	301	18	500	500	NUM
fsr-3337	301	19	,	,	PUNCT
fsr-3337	301	20	whereas	whereas	SCONJ
fsr-3337	301	21	r2	r2	PROPN
fsr-3337	301	22	provides	provide	VERB
fsr-3337	301	23	information	information	NOUN
fsr-3337	301	24	on	on	ADP
fsr-3337	301	25	tracking	tracking	NOUN
fsr-3337	301	26	effectiveness	effectiveness	NOUN
fsr-3337	301	27	of	of	ADP
fsr-3337	301	28	the	the	DET
fsr-3337	301	29	etfs	etfs	NOUN
fsr-3337	301	30	.	.	PUNCT
fsr-3337	302	1	our	our	PRON
fsr-3337	302	2	results	result	NOUN
fsr-3337	302	3	shown	show	VERB
fsr-3337	302	4	in	in	ADP
fsr-3337	302	5	table	table	NOUN
fsr-3337	302	6	8	8	NUM
fsr-3337	302	7	indicate	indicate	VERB
fsr-3337	302	8	that	that	SCONJ
fsr-3337	302	9	the	the	DET
fsr-3337	302	10	coefficient	coefficient	NOUN
fsr-3337	302	11	for	for	ADP
fsr-3337	302	12	the	the	DET
fsr-3337	302	13	s&p	s&p	PROPN
fsr-3337	302	14	500	500	NUM
fsr-3337	302	15	is	be	AUX
fsr-3337	302	16	close	close	ADJ
fsr-3337	302	17	to	to	ADP
fsr-3337	302	18	or	or	CCONJ
fsr-3337	302	19	greater	great	ADJ
fsr-3337	302	20	than	than	ADP
fsr-3337	302	21	1	1	NUM
fsr-3337	302	22	and	and	CCONJ
fsr-3337	302	23	statistically	statistically	ADV
fsr-3337	302	24	significant	significant	ADJ
fsr-3337	302	25	at	at	ADP
fsr-3337	302	26	1	1	NUM
fsr-3337	302	27	%	%	NOUN
fsr-3337	302	28	in	in	ADP
fsr-3337	302	29	all	all	DET
fsr-3337	302	30	cases	case	NOUN
fsr-3337	302	31	.	.	PUNCT
fsr-3337	303	1	for	for	ADP
fsr-3337	303	2	example	example	NOUN
fsr-3337	303	3	,	,	PUNCT
fsr-3337	303	4	for	for	ADP
fsr-3337	303	5	the	the	DET
fsr-3337	303	6	four	four	NUM
fsr-3337	303	7	total	total	ADJ
fsr-3337	303	8	world	world	NOUN
fsr-3337	303	9	ex	ex	PROPN
fsr-3337	303	10	u.s	u.s	PROPN
fsr-3337	303	11	.	.	PROPN
fsr-3337	303	12	etfs	etfs	PROPN
fsr-3337	303	13	,	,	PUNCT
fsr-3337	303	14	the	the	DET
fsr-3337	303	15	coefficient	coefficient	NOUN
fsr-3337	303	16	for	for	ADP
fsr-3337	303	17	the	the	DET
fsr-3337	303	18	s&p	s&p	PROPN
fsr-3337	303	19	500	500	NUM
fsr-3337	303	20	varies	vary	VERB
fsr-3337	303	21	from	from	ADP
fsr-3337	303	22	0.83	0.83	NUM
fsr-3337	303	23	to	to	ADP
fsr-3337	303	24	1.21	1.21	NUM
fsr-3337	303	25	(	(	PUNCT
fsr-3337	303	26	statistically	statistically	ADV
fsr-3337	303	27	significant	significant	ADJ
fsr-3337	303	28	at	at	ADP
fsr-3337	303	29	1	1	NUM
fsr-3337	303	30	%	%	NOUN
fsr-3337	303	31	in	in	ADP
fsr-3337	303	32	all	all	DET
fsr-3337	303	33	cases	case	NOUN
fsr-3337	303	34	)	)	PUNCT
fsr-3337	303	35	.	.	PUNCT
fsr-3337	304	1	the	the	DET
fsr-3337	304	2	r2	r2	PROPN
fsr-3337	304	3	is	be	AUX
fsr-3337	304	4	also	also	ADV
fsr-3337	304	5	high	high	ADJ
fsr-3337	304	6	and	and	CCONJ
fsr-3337	304	7	varies	vary	VERB
fsr-3337	304	8	from	from	ADP
fsr-3337	304	9	0.6121	0.6121	NUM
fsr-3337	304	10	to	to	ADP
fsr-3337	304	11	0.8504	0.8504	NUM
fsr-3337	304	12	.	.	PUNCT
fsr-3337	305	1	similarly	similarly	ADV
fsr-3337	305	2	,	,	PUNCT
fsr-3337	305	3	for	for	ADP
fsr-3337	305	4	total	total	ADJ
fsr-3337	305	5	world	world	NOUN
fsr-3337	305	6	,	,	PUNCT
fsr-3337	305	7	developed	develop	VERB
fsr-3337	305	8	,	,	PUNCT
fsr-3337	305	9	and	and	CCONJ
fsr-3337	305	10	emerging	emerge	VERB
fsr-3337	305	11	market	market	NOUN
fsr-3337	305	12	etfs	etfs	NOUN
fsr-3337	305	13	,	,	PUNCT
fsr-3337	305	14	coefficient	coefficient	NOUN
fsr-3337	305	15	for	for	ADP
fsr-3337	305	16	the	the	DET
fsr-3337	305	17	s&p	s&p	PROPN
fsr-3337	305	18	500	500	NUM
fsr-3337	305	19	is	be	AUX
fsr-3337	305	20	very	very	ADV
fsr-3337	305	21	close	close	ADJ
fsr-3337	305	22	to	to	ADP
fsr-3337	305	23	or	or	CCONJ
fsr-3337	305	24	much	much	ADV
fsr-3337	305	25	greater	great	ADJ
fsr-3337	305	26	than	than	ADP
fsr-3337	305	27	1	1	NUM
fsr-3337	305	28	in	in	ADP
fsr-3337	305	29	all	all	DET
fsr-3337	305	30	cases	case	NOUN
fsr-3337	305	31	(	(	PUNCT
fsr-3337	305	32	results	result	NOUN
fsr-3337	305	33	are	be	AUX
fsr-3337	305	34	statistically	statistically	ADV
fsr-3337	305	35	significant	significant	ADJ
fsr-3337	305	36	at	at	ADP
fsr-3337	305	37	1	1	NUM
fsr-3337	305	38	%	%	NOUN
fsr-3337	305	39	in	in	ADP
fsr-3337	305	40	all	all	DET
fsr-3337	305	41	cases	case	NOUN
fsr-3337	305	42	)	)	PUNCT
fsr-3337	305	43	.	.	PUNCT
fsr-3337	306	1	r2	r2	PROPN
fsr-3337	306	2	is	be	AUX
fsr-3337	306	3	also	also	ADV
fsr-3337	306	4	high	high	ADJ
fsr-3337	306	5	in	in	ADP
fsr-3337	306	6	all	all	DET
fsr-3337	306	7	cases	case	NOUN
fsr-3337	306	8	that	that	PRON
fsr-3337	306	9	indicate	indicate	VERB
fsr-3337	306	10	that	that	SCONJ
fsr-3337	306	11	international	international	ADJ
fsr-3337	306	12	etfs	etfs	NOUN
fsr-3337	306	13	closely	closely	ADV
fsr-3337	306	14	track	track	VERB
fsr-3337	306	15	the	the	DET
fsr-3337	306	16	s&p	s&p	PROPN
fsr-3337	306	17	500	500	NUM
fsr-3337	306	18	.	.	PUNCT
fsr-3337	307	1	the	the	DET
fsr-3337	307	2	results	result	NOUN
fsr-3337	307	3	are	be	AUX
fsr-3337	307	4	similar	similar	ADJ
fsr-3337	307	5	for	for	ADP
fsr-3337	307	6	other	other	ADJ
fsr-3337	307	7	major	major	ADJ
fsr-3337	307	8	u.s	u.s	PROPN
fsr-3337	307	9	.	.	PROPN
fsr-3337	307	10	indices	index	NOUN
fsr-3337	307	11	(	(	PUNCT
fsr-3337	307	12	not	not	PART
fsr-3337	307	13	reported	report	VERB
fsr-3337	307	14	but	but	CCONJ
fsr-3337	307	15	available	available	ADJ
fsr-3337	307	16	upon	upon	SCONJ
fsr-3337	307	17	request	request	NOUN
fsr-3337	307	18	)	)	PUNCT
fsr-3337	307	19	.	.	PUNCT
fsr-3337	308	1	pennathur	pennathur	PROPN
fsr-3337	308	2	et	et	PROPN
fsr-3337	308	3	al	al	PROPN
fsr-3337	308	4	.	.	PROPN
fsr-3337	308	5	(	(	PUNCT
fsr-3337	308	6	2002	2002	NUM
fsr-3337	308	7	)	)	PUNCT
fsr-3337	308	8	found	find	VERB
fsr-3337	308	9	similar	similar	ADJ
fsr-3337	308	10	results	result	NOUN
fsr-3337	308	11	for	for	ADP
fsr-3337	308	12	international	international	ADJ
fsr-3337	308	13	closed	closed	ADJ
fsr-3337	308	14	end	end	NOUN
fsr-3337	308	15	country	country	NOUN
fsr-3337	308	16	funds	fund	NOUN
fsr-3337	308	17	.	.	PUNCT
fsr-3337	309	1	these	these	DET
fsr-3337	309	2	results	result	NOUN
fsr-3337	309	3	indicate	indicate	VERB
fsr-3337	309	4	that	that	SCONJ
fsr-3337	309	5	international	international	ADJ
fsr-3337	309	6	etfs	etfs	PROPN
fsr-3337	309	7	closely	closely	ADV
fsr-3337	309	8	follow	follow	VERB
fsr-3337	309	9	u.s	u.s	PROPN
fsr-3337	309	10	.	.	PROPN
fsr-3337	309	11	indices	index	NOUN
fsr-3337	309	12	and	and	CCONJ
fsr-3337	309	13	there	there	PRON
fsr-3337	309	14	are	be	VERB
fsr-3337	309	15	not	not	PART
fsr-3337	309	16	many	many	ADJ
fsr-3337	309	17	diversification	diversification	NOUN
fsr-3337	309	18	benefits	benefit	NOUN
fsr-3337	309	19	from	from	ADP
fsr-3337	309	20	investing	invest	VERB
fsr-3337	309	21	in	in	ADP
fsr-3337	309	22	international	international	ADJ
fsr-3337	309	23	etfs	etfs	PROPN
fsr-3337	309	24	for	for	ADP
fsr-3337	309	25	u.s	u.s	PROPN
fsr-3337	309	26	.	.	PROPN
fsr-3337	309	27	investors	investor	NOUN
fsr-3337	309	28	.	.	PUNCT
fsr-3337	310	1	9	9	X
fsr-3337	310	2	.	.	X
fsr-3337	310	3	principal	principal	ADJ
fsr-3337	310	4	component	component	NOUN
fsr-3337	310	5	analysis	analysis	NOUN
fsr-3337	310	6	we	we	PRON
fsr-3337	310	7	also	also	ADV
fsr-3337	310	8	use	use	VERB
fsr-3337	310	9	principal	principal	ADJ
fsr-3337	310	10	component	component	NOUN
fsr-3337	310	11	analysis	analysis	NOUN
fsr-3337	310	12	(	(	PUNCT
fsr-3337	310	13	pca	pca	NOUN
fsr-3337	310	14	)	)	PUNCT
fsr-3337	310	15	analysis	analysis	NOUN
fsr-3337	310	16	to	to	PART
fsr-3337	310	17	compute	compute	VERB
fsr-3337	310	18	diversification	diversification	NOUN
fsr-3337	310	19	benefits	benefit	NOUN
fsr-3337	310	20	of	of	ADP
fsr-3337	310	21	international	international	ADJ
fsr-3337	310	22	etfs	etfs	PROPN
fsr-3337	310	23	for	for	ADP
fsr-3337	310	24	u.s	u.s	PROPN
fsr-3337	310	25	.	.	PROPN
fsr-3337	310	26	investors	investor	NOUN
fsr-3337	310	27	.	.	PUNCT
fsr-3337	311	1	this	this	DET
fsr-3337	311	2	method	method	NOUN
fsr-3337	311	3	groups	group	NOUN
fsr-3337	311	4	international	international	PROPN
fsr-3337	311	5	etfs	etfs	PROPN
fsr-3337	311	6	and	and	CCONJ
fsr-3337	311	7	s&p	s&p	PROPN
fsr-3337	311	8	500	500	NUM
fsr-3337	311	9	returns	return	NOUN
fsr-3337	311	10	into	into	ADP
fsr-3337	311	11	principal	principal	ADJ
fsr-3337	311	12	components	component	NOUN
fsr-3337	311	13	in	in	ADP
fsr-3337	311	14	terms	term	NOUN
fsr-3337	311	15	of	of	ADP
fsr-3337	311	16	similarities	similarity	NOUN
fsr-3337	311	17	in	in	ADP
fsr-3337	311	18	their	their	PRON
fsr-3337	311	19	return	return	NOUN
fsr-3337	311	20	movement	movement	NOUN
fsr-3337	311	21	patterns	pattern	NOUN
fsr-3337	311	22	.	.	PUNCT
fsr-3337	312	1	if	if	SCONJ
fsr-3337	312	2	international	international	PROPN
fsr-3337	312	3	etfs	etfs	PROPN
fsr-3337	312	4	and	and	CCONJ
fsr-3337	312	5	the	the	DET
fsr-3337	312	6	s&p	s&p	PROPN
fsr-3337	312	7	500	500	NUM
fsr-3337	312	8	have	have	VERB
fsr-3337	312	9	high	high	ADJ
fsr-3337	312	10	factor	factor	NOUN
fsr-3337	312	11	loadings	loading	NOUN
fsr-3337	312	12	in	in	ADP
fsr-3337	312	13	the	the	DET
fsr-3337	312	14	same	same	ADJ
fsr-3337	312	15	principal	principal	ADJ
fsr-3337	312	16	component	component	NOUN
fsr-3337	312	17	,	,	PUNCT
fsr-3337	312	18	they	they	PRON
fsr-3337	312	19	are	be	AUX
fsr-3337	312	20	highly	highly	ADV
fsr-3337	312	21	correlated	correlate	VERB
fsr-3337	312	22	,	,	PUNCT
fsr-3337	312	23	and	and	CCONJ
fsr-3337	312	24	,	,	PUNCT
fsr-3337	312	25	hence	hence	ADV
fsr-3337	312	26	,	,	PUNCT
fsr-3337	312	27	there	there	PRON
fsr-3337	312	28	is	be	VERB
fsr-3337	312	29	limited	limited	ADJ
fsr-3337	312	30	diversification	diversification	NOUN
fsr-3337	312	31	benefit	benefit	NOUN
fsr-3337	312	32	international	international	ADJ
fsr-3337	312	33	etfs	etfs	PROPN
fsr-3337	312	34	for	for	ADP
fsr-3337	312	35	u.s	u.s	PROPN
fsr-3337	312	36	.	.	PROPN
fsr-3337	312	37	investors	investor	NOUN
fsr-3337	312	38	.	.	PUNCT
fsr-3337	313	1	if	if	SCONJ
fsr-3337	313	2	the	the	DET
fsr-3337	313	3	s&p	s&p	PROPN
fsr-3337	313	4	500	500	NUM
fsr-3337	313	5	has	have	VERB
fsr-3337	313	6	low	low	ADJ
fsr-3337	313	7	factor	factor	NOUN
fsr-3337	313	8	loadings	loading	NOUN
fsr-3337	313	9	in	in	ADP
fsr-3337	313	10	the	the	DET
fsr-3337	313	11	same	same	ADJ
fsr-3337	313	12	principal	principal	ADJ
fsr-3337	313	13	loadings	loading	NOUN
fsr-3337	313	14	(	(	PUNCT
fsr-3337	313	15	than	than	ADP
fsr-3337	313	16	international	international	ADJ
fsr-3337	313	17	etfs	etfs	PROPN
fsr-3337	313	18	)	)	PUNCT
fsr-3337	313	19	,	,	PUNCT
fsr-3337	313	20	then	then	ADV
fsr-3337	313	21	there	there	PRON
fsr-3337	313	22	are	be	VERB
fsr-3337	313	23	significant	significant	ADJ
fsr-3337	313	24	benefits	benefit	NOUN
fsr-3337	313	25	of	of	ADP
fsr-3337	313	26	diversification	diversification	NOUN
fsr-3337	313	27	.	.	PUNCT
fsr-3337	314	1	therefore	therefore	ADV
fsr-3337	314	2	,	,	PUNCT
fsr-3337	314	3	investors	investor	NOUN
fsr-3337	314	4	should	should	AUX
fsr-3337	314	5	invest	invest	VERB
fsr-3337	314	6	in	in	ADP
fsr-3337	314	7	etfs	etfs	PROPN
fsr-3337	314	8	that	that	PRON
fsr-3337	314	9	have	have	VERB
fsr-3337	314	10	high	high	ADJ
fsr-3337	314	11	factor	factor	NOUN
fsr-3337	314	12	loadings	loading	NOUN
fsr-3337	314	13	in	in	ADP
fsr-3337	314	14	different	different	ADJ
fsr-3337	314	15	principal	principal	ADJ
fsr-3337	314	16	components	component	NOUN
fsr-3337	314	17	than	than	ADP
fsr-3337	314	18	s&p	s&p	PROPN
fsr-3337	314	19	500	500	NUM
fsr-3337	314	20	to	to	PART
fsr-3337	314	21	get	get	VERB
fsr-3337	314	22	benefits	benefit	NOUN
fsr-3337	314	23	of	of	ADP
fsr-3337	314	24	diversification	diversification	NOUN
fsr-3337	314	25	.	.	PUNCT
fsr-3337	315	1	in	in	ADP
fsr-3337	315	2	this	this	DET
fsr-3337	315	3	method	method	NOUN
fsr-3337	315	4	,	,	PUNCT
fsr-3337	315	5	the	the	DET
fsr-3337	315	6	correlation	correlation	NOUN
fsr-3337	315	7	matrix	matrix	NOUN
fsr-3337	315	8	of	of	ADP
fsr-3337	315	9	monthly	monthly	ADJ
fsr-3337	315	10	returns	return	NOUN
fsr-3337	315	11	for	for	ADP
fsr-3337	315	12	international	international	ADJ
fsr-3337	315	13	etfs	etfs	NOUN
fsr-3337	315	14	and	and	CCONJ
fsr-3337	315	15	s&p	s&p	PROPN
fsr-3337	315	16	500	500	NUM
fsr-3337	315	17	is	be	AUX
fsr-3337	315	18	used	use	VERB
fsr-3337	315	19	as	as	ADP
fsr-3337	315	20	the	the	DET
fsr-3337	315	21	input	input	NOUN
fsr-3337	315	22	for	for	ADP
fsr-3337	315	23	the	the	DET
fsr-3337	315	24	entire	entire	ADJ
fsr-3337	315	25	period	period	NOUN
fsr-3337	315	26	.	.	PUNCT
fsr-3337	316	1	the	the	DET
fsr-3337	316	2	eigen	eigen	PROPN
fsr-3337	316	3	value	value	NOUN
fsr-3337	316	4	reported	report	VERB
fsr-3337	316	5	in	in	ADP
fsr-3337	316	6	table	table	NOUN
fsr-3337	316	7	9	9	NUM
fsr-3337	316	8	for	for	ADP
fsr-3337	316	9	only	only	ADV
fsr-3337	316	10	the	the	DET
fsr-3337	316	11	first	first	ADJ
fsr-3337	316	12	common	common	ADJ
fsr-3337	316	13	factor	factor	NOUN
fsr-3337	316	14	is	be	AUX
fsr-3337	316	15	greater	great	ADJ
fsr-3337	316	16	than	than	ADP
fsr-3337	316	17	1	1	NUM
fsr-3337	316	18	and	and	CCONJ
fsr-3337	316	19	explains	explain	VERB
fsr-3337	316	20	more	more	ADJ
fsr-3337	316	21	than	than	ADP
fsr-3337	316	22	90	90	NUM
fsr-3337	316	23	%	%	NOUN
fsr-3337	316	24	of	of	ADP
fsr-3337	316	25	the	the	DET
fsr-3337	316	26	variation	variation	NOUN
fsr-3337	316	27	in	in	ADP
fsr-3337	316	28	all	all	DET
fsr-3337	316	29	cases	case	NOUN
fsr-3337	316	30	.	.	PUNCT
fsr-3337	317	1	hence	hence	ADV
fsr-3337	317	2	,	,	PUNCT
fsr-3337	317	3	only	only	ADV
fsr-3337	317	4	the	the	DET
fsr-3337	317	5	first	first	ADJ
fsr-3337	317	6	common	common	ADJ
fsr-3337	317	7	factor	factor	NOUN
fsr-3337	317	8	is	be	AUX
fsr-3337	317	9	important	important	ADJ
fsr-3337	317	10	and	and	CCONJ
fsr-3337	317	11	is	be	AUX
fsr-3337	317	12	reported	report	VERB
fsr-3337	317	13	for	for	ADP
fsr-3337	317	14	this	this	DET
fsr-3337	317	15	analysis	analysis	NOUN
fsr-3337	317	16	(	(	PUNCT
fsr-3337	317	17	eigen	eigen	PROPN
fsr-3337	317	18	value	value	NOUN
fsr-3337	317	19	2	2	NUM
fsr-3337	317	20	and	and	CCONJ
fsr-3337	317	21	its	its	PRON
fsr-3337	317	22	variation	variation	NOUN
fsr-3337	317	23	are	be	AUX
fsr-3337	317	24	also	also	ADV
fsr-3337	317	25	shown	show	VERB
fsr-3337	317	26	for	for	ADP
fsr-3337	317	27	comparison	comparison	NOUN
fsr-3337	317	28	purposes	purpose	NOUN
fsr-3337	317	29	.	.	PUNCT
fsr-3337	318	1	detailed	detailed	ADJ
fsr-3337	318	2	results	result	NOUN
fsr-3337	318	3	are	be	AUX
fsr-3337	318	4	available	available	ADJ
fsr-3337	318	5	upon	upon	SCONJ
fsr-3337	318	6	request	request	NOUN
fsr-3337	318	7	.	.	PUNCT
fsr-3337	318	8	)	)	PUNCT
fsr-3337	319	1	results	result	NOUN
fsr-3337	319	2	again	again	ADV
fsr-3337	319	3	indicate	indicate	VERB
fsr-3337	319	4	that	that	SCONJ
fsr-3337	319	5	international	international	ADJ
fsr-3337	319	6	etfs	etfs	NOUN
fsr-3337	319	7	are	be	AUX
fsr-3337	319	8	highly	highly	ADV
fsr-3337	319	9	correlated	correlate	VERB
fsr-3337	319	10	to	to	ADP
fsr-3337	319	11	u.s	u.s	PROPN
fsr-3337	319	12	.	.	PROPN
fsr-3337	319	13	markets	market	NOUN
fsr-3337	319	14	as	as	SCONJ
fsr-3337	319	15	the	the	DET
fsr-3337	319	16	factor	factor	NOUN
fsr-3337	319	17	loadings	loading	NOUN
fsr-3337	319	18	of	of	ADP
fsr-3337	319	19	international	international	ADJ
fsr-3337	319	20	etfs	etfs	PROPN
fsr-3337	319	21	for	for	ADP
fsr-3337	319	22	component	component	NOUN
fsr-3337	319	23	1	1	NUM
fsr-3337	319	24	are	be	AUX
fsr-3337	319	25	very	very	ADV
fsr-3337	319	26	close	close	ADJ
fsr-3337	319	27	to	to	ADP
fsr-3337	319	28	factor	factor	NOUN
fsr-3337	319	29	loadings	loading	NOUN
fsr-3337	319	30	of	of	ADP
fsr-3337	319	31	the	the	DET
fsr-3337	319	32	s&p	s&p	PROPN
fsr-3337	319	33	500	500	NUM
fsr-3337	319	34	for	for	ADP
fsr-3337	319	35	component	component	NOUN
fsr-3337	319	36	1	1	NUM
fsr-3337	319	37	.	.	PUNCT
fsr-3337	320	1	these	these	DET
fsr-3337	320	2	results	result	NOUN
fsr-3337	320	3	hold	hold	VERB
fsr-3337	320	4	for	for	ADP
fsr-3337	320	5	other	other	ADJ
fsr-3337	320	6	u.s	u.s	PROPN
fsr-3337	320	7	.	.	PROPN
fsr-3337	320	8	indices	index	NOUN
fsr-3337	320	9	too	too	ADV
fsr-3337	320	10	.	.	PUNCT
fsr-3337	321	1	10	10	NUM
fsr-3337	321	2	.	.	X
fsr-3337	321	3	risk	risk	NOUN
fsr-3337	321	4	adjusted	adjust	VERB
fsr-3337	321	5	performance	performance	NOUN
fsr-3337	321	6	and	and	CCONJ
fsr-3337	321	7	cwi	cwi	NOUN
fsr-3337	321	8	of	of	ADP
fsr-3337	321	9	equally	equally	ADV
fsr-3337	321	10	weighted	weight	VERB
fsr-3337	321	11	portfolios	portfolio	NOUN
fsr-3337	321	12	we	we	PRON
fsr-3337	321	13	form	form	VERB
fsr-3337	321	14	equally	equally	ADV
fsr-3337	321	15	weighted	weight	VERB
fsr-3337	321	16	portfolios	portfolio	NOUN
fsr-3337	321	17	of	of	ADP
fsr-3337	321	18	u.s	u.s	PROPN
fsr-3337	321	19	.	.	PROPN
fsr-3337	321	20	,	,	PUNCT
fsr-3337	321	21	total	total	ADJ
fsr-3337	321	22	world	world	NOUN
fsr-3337	321	23	,	,	PUNCT
fsr-3337	321	24	total	total	ADJ
fsr-3337	321	25	world	world	NOUN
fsr-3337	321	26	ex	ex	PROPN
fsr-3337	321	27	u.s	u.s	PROPN
fsr-3337	321	28	.	.	PROPN
fsr-3337	321	29	,	,	PUNCT
fsr-3337	321	30	developed	develop	VERB
fsr-3337	321	31	,	,	PUNCT
fsr-3337	321	32	and	and	CCONJ
fsr-3337	321	33	emerging	emerge	VERB
fsr-3337	321	34	market	market	NOUN
fsr-3337	321	35	etfs	etfs	NOUN
fsr-3337	321	36	and	and	CCONJ
fsr-3337	321	37	compute	compute	VERB
fsr-3337	321	38	their	their	PRON
fsr-3337	321	39	risk	risk	NOUN
fsr-3337	321	40	adjusted	adjust	VERB
fsr-3337	321	41	performance	performance	NOUN
fsr-3337	321	42	(	(	PUNCT
fsr-3337	321	43	sharpe	sharpe	NOUN
fsr-3337	321	44	and	and	CCONJ
fsr-3337	321	45	sortino	sortino	ADJ
fsr-3337	321	46	ratios	ratio	NOUN
fsr-3337	321	47	)	)	PUNCT
fsr-3337	321	48	for	for	ADP
fsr-3337	321	49	the	the	DET
fsr-3337	321	50	entire	entire	ADJ
fsr-3337	321	51	period	period	NOUN
fsr-3337	321	52	.	.	PUNCT
fsr-3337	322	1	the	the	DET
fsr-3337	322	2	results	result	NOUN
fsr-3337	322	3	from	from	ADP
fsr-3337	322	4	table	table	NOUN
fsr-3337	322	5	10a	10a	NOUN
fsr-3337	322	6	indicate	indicate	VERB
fsr-3337	322	7	that	that	SCONJ
fsr-3337	322	8	u.s	u.s	PROPN
fsr-3337	322	9	.	.	PROPN
fsr-3337	322	10	etf	etf	PROPN
fsr-3337	322	11	portfolio	portfolio	NOUN
fsr-3337	322	12	has	have	VERB
fsr-3337	322	13	the	the	DET
fsr-3337	322	14	best	good	ADJ
fsr-3337	322	15	performance	performance	NOUN
fsr-3337	322	16	(	(	PUNCT
fsr-3337	322	17	both	both	CCONJ
fsr-3337	322	18	absolute	absolute	ADJ
fsr-3337	322	19	and	and	CCONJ
fsr-3337	322	20	risk	risk	NOUN
fsr-3337	322	21	-	-	PUNCT
fsr-3337	322	22	adjusted	adjust	VERB
fsr-3337	322	23	performance	performance	NOUN
fsr-3337	322	24	)	)	PUNCT
fsr-3337	322	25	for	for	ADP
fsr-3337	322	26	the	the	DET
fsr-3337	322	27	entire	entire	ADJ
fsr-3337	322	28	period	period	NOUN
fsr-3337	322	29	.	.	PUNCT
fsr-3337	323	1	similarly	similarly	ADV
fsr-3337	323	2	,	,	PUNCT
fsr-3337	323	3	u.s	u.s	PROPN
fsr-3337	323	4	.	.	PROPN
fsr-3337	323	5	etfs	etfs	PROPN
fsr-3337	323	6	portfolios	portfolio	NOUN
fsr-3337	323	7	have	have	VERB
fsr-3337	323	8	the	the	DET
fsr-3337	323	9	highest	high	ADJ
fsr-3337	323	10	cumulative	cumulative	ADJ
fsr-3337	323	11	returns	return	NOUN
fsr-3337	323	12	and	and	CCONJ
fsr-3337	323	13	cwi	cwi	NOUN
fsr-3337	323	14	.	.	PUNCT
fsr-3337	324	1	265s	265s	PROPN
fsr-3337	324	2	.	.	PUNCT
fsr-3337	325	1	kanuri	kanuri	PROPN
fsr-3337	325	2	,	,	PUNCT
fsr-3337	325	3	r.w	r.w	PROPN
fsr-3337	325	4	.	.	PROPN
fsr-3337	325	5	mcleod	mcleod	PROPN
fsr-3337	325	6	/	/	SYM
fsr-3337	325	7	financial	financial	ADJ
fsr-3337	325	8	services	service	NOUN
fsr-3337	325	9	review	review	VERB
fsr-3337	325	10	24	24	NUM
fsr-3337	325	11	(	(	PUNCT
fsr-3337	325	12	2015	2015	NUM
fsr-3337	325	13	)	)	PUNCT
fsr-3337	325	14	249–270	249–270	NUM
fsr-3337	325	15	table	table	NOUN
fsr-3337	325	16	10b	10b	NOUN
fsr-3337	325	17	shows	show	VERB
fsr-3337	325	18	the	the	DET
fsr-3337	325	19	spearman	spearman	NOUN
fsr-3337	325	20	-	-	PUNCT
fsr-3337	325	21	rank	rank	NOUN
fsr-3337	325	22	correlation	correlation	NOUN
fsr-3337	325	23	test	test	NOUN
fsr-3337	325	24	between	between	ADP
fsr-3337	325	25	s&p	s&p	PROPN
fsr-3337	325	26	500	500	NUM
fsr-3337	325	27	and	and	CCONJ
fsr-3337	325	28	equally	equally	ADV
fsr-3337	325	29	weighted	weight	VERB
fsr-3337	325	30	etf	etf	NOUN
fsr-3337	325	31	portfolios	portfolio	NOUN
fsr-3337	325	32	.	.	PUNCT
fsr-3337	326	1	results	result	NOUN
fsr-3337	326	2	again	again	ADV
fsr-3337	326	3	indicate	indicate	VERB
fsr-3337	326	4	that	that	SCONJ
fsr-3337	326	5	all	all	DET
fsr-3337	326	6	international	international	ADJ
fsr-3337	326	7	etf	etf	NOUN
fsr-3337	326	8	portfolios	portfolio	NOUN
fsr-3337	326	9	are	be	AUX
fsr-3337	326	10	highly	highly	ADV
fsr-3337	326	11	correlated	correlate	VERB
fsr-3337	326	12	with	with	ADP
fsr-3337	326	13	s&p	s&p	PROPN
fsr-3337	326	14	500	500	NUM
fsr-3337	326	15	(	(	PUNCT
fsr-3337	326	16	all	all	DET
fsr-3337	326	17	the	the	DET
fsr-3337	326	18	results	result	NOUN
fsr-3337	326	19	are	be	AUX
fsr-3337	326	20	statistically	statistically	ADV
fsr-3337	326	21	significant	significant	ADJ
fsr-3337	326	22	at	at	ADP
fsr-3337	326	23	1	1	NUM
fsr-3337	326	24	%	%	NOUN
fsr-3337	326	25	)	)	PUNCT
fsr-3337	326	26	.	.	PUNCT
fsr-3337	327	1	results	result	NOUN
fsr-3337	327	2	table	table	NOUN
fsr-3337	327	3	9	9	NUM
fsr-3337	327	4	eigen	eigen	NOUN
fsr-3337	327	5	values	value	NOUN
fsr-3337	327	6	for	for	ADP
fsr-3337	327	7	component	component	NOUN
fsr-3337	327	8	1	1	NUM
fsr-3337	327	9	and	and	CCONJ
fsr-3337	327	10	2	2	NUM
fsr-3337	327	11	and	and	CCONJ
fsr-3337	327	12	the	the	DET
fsr-3337	327	13	principal	principal	ADJ
fsr-3337	327	14	factor	factor	NOUN
fsr-3337	327	15	loadings	loading	NOUN
fsr-3337	327	16	for	for	ADP
fsr-3337	327	17	component1	component1	NOUN
fsr-3337	327	18	for	for	ADP
fsr-3337	327	19	international	international	ADJ
fsr-3337	327	20	etfs	etfs	NOUN
fsr-3337	327	21	and	and	CCONJ
fsr-3337	327	22	s&p	s&p	PROPN
fsr-3337	327	23	500	500	NUM
fsr-3337	327	24	total	total	ADJ
fsr-3337	327	25	world	world	NOUN
fsr-3337	327	26	entire	entire	ADJ
fsr-3337	327	27	period	period	NOUN
fsr-3337	327	28	eigen	eigen	NOUN
fsr-3337	327	29	value	value	NOUN
fsr-3337	327	30	proportion	proportion	NOUN
fsr-3337	327	31	cumulative	cumulative	ADJ
fsr-3337	327	32	component	component	NOUN
fsr-3337	327	33	1	1	NUM
fsr-3337	327	34	6.66062	6.66062	NUM
fsr-3337	327	35	0.9515	0.9515	NUM
fsr-3337	327	36	0.9515	0.9515	NUM
fsr-3337	327	37	component	component	NOUN
fsr-3337	327	38	2	2	NUM
fsr-3337	327	39	0.187901	0.187901	NUM
fsr-3337	327	40	0.0268	0.0268	NUM
fsr-3337	327	41	0.9784	0.9784	NUM
fsr-3337	327	42	variable	variable	NOUN
fsr-3337	327	43	(	(	PUNCT
fsr-3337	327	44	entire	entire	ADJ
fsr-3337	327	45	period	period	NOUN
fsr-3337	327	46	)	)	PUNCT
fsr-3337	327	47	factor	factor	NOUN
fsr-3337	327	48	loading	loading	NOUN
fsr-3337	327	49	component	component	NOUN
fsr-3337	327	50	1	1	NUM
fsr-3337	327	51	tok	tok	NOUN
fsr-3337	327	52	0.3844	0.3844	NUM
fsr-3337	327	53	ioo	ioo	ADJ
fsr-3337	327	54	0.3821	0.3821	NUM
fsr-3337	327	55	dew	dew	NOUN
fsr-3337	327	56	0.3805	0.3805	NUM
fsr-3337	327	57	dgt	dgt	PROPN
fsr-3337	327	58	0.3788	0.3788	NUM
fsr-3337	327	59	fgd	fgd	PROPN
fsr-3337	327	60	0.3756	0.3756	NUM
fsr-3337	327	61	s&p	s&p	PROPN
fsr-3337	327	62	500	500	NUM
fsr-3337	327	63	0.3754	0.3754	NUM
fsr-3337	327	64	lvl	lvl	DET
fsr-3337	327	65	0.3687	0.3687	NUM
fsr-3337	327	66	total	total	ADJ
fsr-3337	327	67	world	world	NOUN
fsr-3337	327	68	ex	ex	PROPN
fsr-3337	327	69	u.s	u.s	PROPN
fsr-3337	327	70	.	.	PROPN
fsr-3337	327	71	entire	entire	ADJ
fsr-3337	327	72	period	period	NOUN
fsr-3337	327	73	eigen	eigen	PROPN
fsr-3337	327	74	value	value	NOUN
fsr-3337	327	75	proportion	proportion	NOUN
fsr-3337	327	76	cumulative	cumulative	ADJ
fsr-3337	327	77	component	component	NOUN
fsr-3337	327	78	1	1	NUM
fsr-3337	327	79	4.66593	4.66593	NUM
fsr-3337	327	80	0.9332	0.9332	NUM
fsr-3337	327	81	0.9332	0.9332	NUM
fsr-3337	327	82	component	component	NOUN
fsr-3337	327	83	2	2	NUM
fsr-3337	327	84	0.225322	0.225322	NUM
fsr-3337	327	85	0.0451	0.0451	NUM
fsr-3337	327	86	0.9783	0.9783	NUM
fsr-3337	327	87	variable	variable	ADJ
fsr-3337	327	88	(	(	PUNCT
fsr-3337	327	89	entire	entire	ADJ
fsr-3337	327	90	period	period	NOUN
fsr-3337	327	91	)	)	PUNCT
fsr-3337	327	92	factor	factor	NOUN
fsr-3337	327	93	loading	loading	NOUN
fsr-3337	327	94	component	component	NOUN
fsr-3337	327	95	1	1	NUM
fsr-3337	327	96	gwl	gwl	NOUN
fsr-3337	327	97	0.4598	0.4598	NUM
fsr-3337	327	98	cwi	cwi	NOUN
fsr-3337	327	99	0.4592	0.4592	NUM
fsr-3337	327	100	veu	veu	NOUN
fsr-3337	327	101	0.4579	0.4579	NUM
fsr-3337	327	102	s&p	s&p	PROPN
fsr-3337	327	103	500	500	NUM
fsr-3337	327	104	0.4354	0.4354	NUM
fsr-3337	327	105	dnl	dnl	NOUN
fsr-3337	327	106	0.4224	0.4224	NUM
fsr-3337	327	107	developed	develop	VERB
fsr-3337	327	108	markets	market	NOUN
fsr-3337	327	109	entire	entire	ADJ
fsr-3337	327	110	period	period	NOUN
fsr-3337	327	111	eigen	eigen	NOUN
fsr-3337	327	112	value	value	NOUN
fsr-3337	327	113	proportion	proportion	NOUN
fsr-3337	327	114	cumulative	cumulative	ADJ
fsr-3337	327	115	component	component	NOUN
fsr-3337	327	116	1	1	NUM
fsr-3337	327	117	10.5741	10.5741	NUM
fsr-3337	327	118	0.9613	0.9613	NUM
fsr-3337	327	119	0.9613	0.9613	NUM
fsr-3337	327	120	component	component	NOUN
fsr-3337	327	121	2	2	NUM
fsr-3337	327	122	0.153925	0.153925	NUM
fsr-3337	327	123	0.014	0.014	NUM
fsr-3337	327	124	0.9753	0.9753	NUM
fsr-3337	327	125	variable	variable	NOUN
fsr-3337	327	126	(	(	PUNCT
fsr-3337	327	127	entire	entire	ADJ
fsr-3337	327	128	period	period	NOUN
fsr-3337	327	129	)	)	PUNCT
fsr-3337	327	130	factor	factor	NOUN
fsr-3337	327	131	loading	loading	NOUN
fsr-3337	327	132	component	component	NOUN
fsr-3337	327	133	1	1	NUM
fsr-3337	327	134	dwm	dwm	NOUN
fsr-3337	327	135	0.3064	0.3064	NUM
fsr-3337	327	136	efa	efa	PROPN
fsr-3337	327	137	0.3061	0.3061	NUM
fsr-3337	327	138	dol	dol	VERB
fsr-3337	327	139	0.3057	0.3057	NUM
fsr-3337	327	140	vea	vea	PROPN
fsr-3337	327	141	0.3053	0.3053	NUM
fsr-3337	327	142	dth	dth	ADJ
fsr-3337	327	143	0.3045	0.3045	NUM
fsr-3337	327	144	adrd	adrd	ADJ
fsr-3337	327	145	0.3046	0.3046	NUM
fsr-3337	327	146	doo	doo	NOUN
fsr-3337	327	147	0.3038	0.3038	NUM
fsr-3337	327	148	pxf	pxf	NOUN
fsr-3337	327	149	0.3033	0.3033	NUM
fsr-3337	327	150	idv	idv	NOUN
fsr-3337	327	151	0.3002	0.3002	NUM
fsr-3337	327	152	piz	piz	PROPN
fsr-3337	327	153	0.2896	0.2896	NUM
fsr-3337	327	154	s&p	s&p	PROPN
fsr-3337	327	155	500	500	NUM
fsr-3337	327	156	0.2863	0.2863	NUM
fsr-3337	327	157	(	(	PUNCT
fsr-3337	327	158	continued	continue	VERB
fsr-3337	327	159	on	on	ADP
fsr-3337	327	160	next	next	ADJ
fsr-3337	327	161	page	page	NOUN
fsr-3337	327	162	)	)	PUNCT
fsr-3337	327	163	266	266	NUM
fsr-3337	327	164	s.	s.	PROPN
fsr-3337	327	165	kanuri	kanuri	PROPN
fsr-3337	327	166	,	,	PUNCT
fsr-3337	327	167	r.w	r.w	PROPN
fsr-3337	327	168	.	.	PROPN
fsr-3337	327	169	mcleod	mcleod	PROPN
fsr-3337	327	170	/	/	SYM
fsr-3337	327	171	financial	financial	ADJ
fsr-3337	327	172	services	service	NOUN
fsr-3337	327	173	review	review	VERB
fsr-3337	327	174	24	24	NUM
fsr-3337	327	175	(	(	PUNCT
fsr-3337	327	176	2015	2015	NUM
fsr-3337	327	177	)	)	PUNCT
fsr-3337	327	178	249–270	249–270	NUM
fsr-3337	327	179	(	(	PUNCT
fsr-3337	327	180	not	not	PART
fsr-3337	327	181	reported	report	VERB
fsr-3337	327	182	)	)	PUNCT
fsr-3337	327	183	are	be	AUX
fsr-3337	327	184	similar	similar	ADJ
fsr-3337	327	185	when	when	SCONJ
fsr-3337	327	186	we	we	PRON
fsr-3337	327	187	regress	regress	VERB
fsr-3337	327	188	equally	equally	ADV
fsr-3337	327	189	weighted	weight	VERB
fsr-3337	327	190	portfolio	portfolio	NOUN
fsr-3337	327	191	returns	return	NOUN
fsr-3337	327	192	on	on	ADP
fsr-3337	327	193	s&p	s&p	PROPN
fsr-3337	327	194	500	500	NUM
fsr-3337	327	195	as	as	ADV
fsr-3337	327	196	well	well	ADV
fsr-3337	327	197	as	as	ADP
fsr-3337	327	198	the	the	DET
fsr-3337	327	199	pca	pca	PROPN
fsr-3337	327	200	.	.	PUNCT
fsr-3337	328	1	these	these	DET
fsr-3337	328	2	results	result	NOUN
fsr-3337	328	3	again	again	ADV
fsr-3337	328	4	indicate	indicate	VERB
fsr-3337	328	5	that	that	SCONJ
fsr-3337	328	6	these	these	DET
fsr-3337	328	7	international	international	ADJ
fsr-3337	328	8	etfs	etfs	NOUN
fsr-3337	328	9	are	be	AUX
fsr-3337	328	10	highly	highly	ADV
fsr-3337	328	11	dependent	dependent	ADJ
fsr-3337	328	12	on	on	ADP
fsr-3337	328	13	u.s	u.s	PROPN
fsr-3337	328	14	.	.	PROPN
fsr-3337	328	15	indices	index	NOUN
fsr-3337	328	16	and	and	CCONJ
fsr-3337	328	17	there	there	PRON
fsr-3337	328	18	were	be	VERB
fsr-3337	328	19	limited	limited	ADJ
fsr-3337	328	20	benefits	benefit	NOUN
fsr-3337	328	21	of	of	ADP
fsr-3337	328	22	diversification	diversification	NOUN
fsr-3337	328	23	in	in	ADP
fsr-3337	328	24	these	these	DET
fsr-3337	328	25	etfs	etfs	NOUN
fsr-3337	328	26	for	for	ADP
fsr-3337	328	27	u.s	u.s	PROPN
fsr-3337	328	28	.	.	PROPN
fsr-3337	328	29	investors	investor	NOUN
fsr-3337	328	30	during	during	ADP
fsr-3337	328	31	the	the	DET
fsr-3337	328	32	period	period	NOUN
fsr-3337	328	33	of	of	ADP
fsr-3337	328	34	our	our	PRON
fsr-3337	328	35	analysis	analysis	NOUN
fsr-3337	328	36	.	.	PUNCT
fsr-3337	329	1	11	11	NUM
fsr-3337	329	2	.	.	PUNCT
fsr-3337	330	1	conclusions	conclusion	NOUN
fsr-3337	330	2	our	our	PRON
fsr-3337	330	3	results	result	NOUN
fsr-3337	330	4	indicate	indicate	VERB
fsr-3337	330	5	that	that	SCONJ
fsr-3337	330	6	u.s	u.s	PROPN
fsr-3337	330	7	.	.	PROPN
fsr-3337	330	8	etfs	etfs	PROPN
fsr-3337	330	9	outperform	outperform	PROPN
fsr-3337	330	10	international	international	PROPN
fsr-3337	330	11	etfs	etfs	PROPN
fsr-3337	330	12	during	during	ADP
fsr-3337	330	13	the	the	DET
fsr-3337	330	14	period	period	NOUN
fsr-3337	330	15	beginning	begin	VERB
fsr-3337	330	16	january	january	PROPN
fsr-3337	330	17	2008	2008	NUM
fsr-3337	330	18	through	through	ADP
fsr-3337	330	19	june	june	PROPN
fsr-3337	330	20	2013	2013	NUM
fsr-3337	330	21	.	.	PUNCT
fsr-3337	331	1	u.s	u.s	PROPN
fsr-3337	331	2	.	.	PROPN
fsr-3337	331	3	etfs	etfs	PROPN
fsr-3337	331	4	have	have	VERB
fsr-3337	331	5	higher	high	ADJ
fsr-3337	331	6	average	average	ADJ
fsr-3337	331	7	returns	return	NOUN
fsr-3337	331	8	and	and	CCONJ
fsr-3337	331	9	lower	low	ADJ
fsr-3337	331	10	risk	risk	NOUN
fsr-3337	331	11	(	(	PUNCT
fsr-3337	331	12	standard	standard	ADJ
fsr-3337	331	13	deviation	deviation	NOUN
fsr-3337	331	14	of	of	ADP
fsr-3337	331	15	returns	return	NOUN
fsr-3337	331	16	)	)	PUNCT
fsr-3337	331	17	than	than	ADP
fsr-3337	331	18	international	international	ADJ
fsr-3337	331	19	etfs	etfs	PROPN
fsr-3337	331	20	.	.	PUNCT
fsr-3337	332	1	risk	risk	NOUN
fsr-3337	332	2	adjusted	adjust	VERB
fsr-3337	332	3	measures	measure	NOUN
fsr-3337	332	4	of	of	ADP
fsr-3337	332	5	performances	performance	NOUN
fsr-3337	332	6	(	(	PUNCT
fsr-3337	332	7	sharpe	sharpe	NOUN
fsr-3337	332	8	,	,	PUNCT
fsr-3337	332	9	sortino	sortino	NOUN
fsr-3337	332	10	,	,	PUNCT
fsr-3337	332	11	and	and	CCONJ
fsr-3337	332	12	treynor	treynor	NOUN
fsr-3337	332	13	ratios	ratio	NOUN
fsr-3337	332	14	)	)	PUNCT
fsr-3337	332	15	also	also	ADV
fsr-3337	332	16	confirm	confirm	VERB
fsr-3337	332	17	that	that	SCONJ
fsr-3337	332	18	u.s	u.s	PROPN
fsr-3337	332	19	.	.	PROPN
fsr-3337	332	20	etfs	etfs	PROPN
fsr-3337	332	21	outperform	outperform	PROPN
fsr-3337	332	22	international	international	PROPN
fsr-3337	332	23	etfs	etfs	PROPN
fsr-3337	332	24	.	.	PUNCT
fsr-3337	333	1	table	table	NOUN
fsr-3337	333	2	9	9	NUM
fsr-3337	333	3	(	(	PUNCT
fsr-3337	333	4	continued	continue	VERB
fsr-3337	333	5	)	)	PUNCT
fsr-3337	333	6	emerging	emerge	VERB
fsr-3337	333	7	markets	market	NOUN
fsr-3337	333	8	entire	entire	ADJ
fsr-3337	333	9	period	period	NOUN
fsr-3337	333	10	eigen	eigen	NOUN
fsr-3337	333	11	value	value	NOUN
fsr-3337	333	12	proportion	proportion	NOUN
fsr-3337	333	13	cumulative	cumulative	ADJ
fsr-3337	333	14	component	component	NOUN
fsr-3337	333	15	1	1	NUM
fsr-3337	333	16	10.4036	10.4036	NUM
fsr-3337	333	17	0.9458	0.9458	NUM
fsr-3337	333	18	0.9458	0.9458	NUM
fsr-3337	333	19	component	component	NOUN
fsr-3337	333	20	2	2	NUM
fsr-3337	333	21	0.284646	0.284646	NUM
fsr-3337	333	22	0.0259	0.0259	NUM
fsr-3337	333	23	0.9717	0.9717	NUM
fsr-3337	333	24	variable	variable	NOUN
fsr-3337	333	25	(	(	PUNCT
fsr-3337	333	26	entire	entire	ADJ
fsr-3337	333	27	period	period	NOUN
fsr-3337	333	28	)	)	PUNCT
fsr-3337	333	29	factor	factor	NOUN
fsr-3337	333	30	loading	loading	NOUN
fsr-3337	333	31	component	component	NOUN
fsr-3337	333	32	1	1	NUM
fsr-3337	333	33	eem	eem	VERB
fsr-3337	333	34	0.3084	0.3084	NUM
fsr-3337	333	35	gmm	gmm	NOUN
fsr-3337	333	36	0.3084	0.3084	NUM
fsr-3337	333	37	vwo	vwo	NUM
fsr-3337	333	38	0.3083	0.3083	NUM
fsr-3337	333	39	pxh	pxh	VERB
fsr-3337	333	40	0.3067	0.3067	NUM
fsr-3337	333	41	adre	adre	NOUN
fsr-3337	333	42	0.3056	0.3056	NUM
fsr-3337	333	43	bkf	bkf	NOUN
fsr-3337	333	44	0.3045	0.3045	NUM
fsr-3337	333	45	eeb	eeb	PROPN
fsr-3337	333	46	0.3042	0.3042	NUM
fsr-3337	333	47	bik	bik	PROPN
fsr-3337	333	48	0.3021	0.3021	NUM
fsr-3337	333	49	dem	dem	NOUN
fsr-3337	333	50	0.2996	0.2996	NUM
fsr-3337	333	51	pie	pie	NOUN
fsr-3337	333	52	0.2958	0.2958	NUM
fsr-3337	333	53	s&p	s&p	PROPN
fsr-3337	333	54	500	500	NUM
fsr-3337	333	55	0.2711	0.2711	NUM
fsr-3337	333	56	because	because	SCONJ
fsr-3337	333	57	the	the	DET
fsr-3337	333	58	eigen	eigen	PROPN
fsr-3337	333	59	value	value	NOUN
fsr-3337	333	60	only	only	ADV
fsr-3337	333	61	for	for	ADP
fsr-3337	333	62	component	component	NOUN
fsr-3337	333	63	1	1	NUM
fsr-3337	333	64	is	be	AUX
fsr-3337	333	65	greater	great	ADJ
fsr-3337	333	66	than	than	ADP
fsr-3337	333	67	1	1	NUM
fsr-3337	333	68	,	,	PUNCT
fsr-3337	333	69	only	only	ADV
fsr-3337	333	70	factor	factor	NOUN
fsr-3337	333	71	loading	loading	NOUN
fsr-3337	333	72	for	for	ADP
fsr-3337	333	73	component	component	NOUN
fsr-3337	333	74	1	1	NUM
fsr-3337	333	75	are	be	AUX
fsr-3337	333	76	reported	report	VERB
fsr-3337	333	77	.	.	PUNCT
fsr-3337	334	1	if	if	SCONJ
fsr-3337	334	2	factor	factor	NOUN
fsr-3337	334	3	loadings	loading	NOUN
fsr-3337	334	4	for	for	ADP
fsr-3337	334	5	component	component	NOUN
fsr-3337	334	6	1	1	NUM
fsr-3337	334	7	are	be	AUX
fsr-3337	334	8	close	close	ADJ
fsr-3337	334	9	to	to	ADP
fsr-3337	334	10	each	each	DET
fsr-3337	334	11	other	other	ADJ
fsr-3337	334	12	,	,	PUNCT
fsr-3337	334	13	there	there	PRON
fsr-3337	334	14	are	be	VERB
fsr-3337	334	15	limited	limited	ADJ
fsr-3337	334	16	benefits	benefit	NOUN
fsr-3337	334	17	of	of	ADP
fsr-3337	334	18	diversification	diversification	NOUN
fsr-3337	334	19	.	.	PUNCT
fsr-3337	335	1	table	table	NOUN
fsr-3337	335	2	10a	10a	PROPN
fsr-3337	335	3	:	:	PUNCT
fsr-3337	335	4	shows	show	VERB
fsr-3337	335	5	equally	equally	ADV
fsr-3337	335	6	weighted	weight	VERB
fsr-3337	335	7	portfolios	portfolio	NOUN
fsr-3337	335	8	of	of	ADP
fsr-3337	335	9	u.s	u.s	PROPN
fsr-3337	335	10	.	.	PROPN
fsr-3337	335	11	,	,	PUNCT
fsr-3337	335	12	total	total	ADJ
fsr-3337	335	13	world	world	NOUN
fsr-3337	335	14	,	,	PUNCT
fsr-3337	335	15	total	total	ADJ
fsr-3337	335	16	world	world	NOUN
fsr-3337	335	17	ex	ex	PROPN
fsr-3337	335	18	u.s	u.s	PROPN
fsr-3337	335	19	.	.	PROPN
fsr-3337	335	20	,	,	PUNCT
fsr-3337	335	21	developed	develop	VERB
fsr-3337	335	22	,	,	PUNCT
fsr-3337	335	23	and	and	CCONJ
fsr-3337	335	24	emerging	emerge	VERB
fsr-3337	335	25	market	market	NOUN
fsr-3337	335	26	etfs	etfs	NOUN
fsr-3337	335	27	and	and	CCONJ
fsr-3337	335	28	their	their	PRON
fsr-3337	335	29	risk	risk	NOUN
fsr-3337	335	30	adjusted	adjust	VERB
fsr-3337	335	31	performance	performance	NOUN
fsr-3337	335	32	(	(	PUNCT
fsr-3337	335	33	sharpe	sharpe	NOUN
fsr-3337	335	34	,	,	PUNCT
fsr-3337	335	35	sortino	sortino	NOUN
fsr-3337	335	36	and	and	CCONJ
fsr-3337	335	37	treynor	treynor	NOUN
fsr-3337	335	38	ratios	ratio	NOUN
fsr-3337	335	39	)	)	PUNCT
fsr-3337	335	40	,	,	PUNCT
fsr-3337	335	41	cumulative	cumulative	ADJ
fsr-3337	335	42	returns	return	NOUN
fsr-3337	335	43	,	,	PUNCT
fsr-3337	335	44	and	and	CCONJ
fsr-3337	335	45	cumulative	cumulative	ADJ
fsr-3337	335	46	wealth	wealth	NOUN
fsr-3337	335	47	index	index	NOUN
fsr-3337	335	48	(	(	PUNCT
fsr-3337	335	49	cwi	cwi	NOUN
fsr-3337	335	50	)	)	PUNCT
fsr-3337	335	51	the	the	DET
fsr-3337	335	52	portfolios	portfolio	NOUN
fsr-3337	335	53	rank	rank	VERB
fsr-3337	335	54	equally	equally	ADV
fsr-3337	335	55	weighted	weight	VERB
fsr-3337	335	56	portfolio	portfolio	NOUN
fsr-3337	335	57	time	time	NOUN
fsr-3337	335	58	period	period	NOUN
fsr-3337	335	59	(	(	PUNCT
fsr-3337	335	60	january	january	PROPN
fsr-3337	335	61	2008	2008	NUM
fsr-3337	335	62	through	through	ADP
fsr-3337	335	63	june	june	PROPN
fsr-3337	335	64	2013	2013	NUM
fsr-3337	335	65	)	)	PUNCT
fsr-3337	335	66	average	average	ADJ
fsr-3337	335	67	monthly	monthly	ADJ
fsr-3337	335	68	return	return	NOUN
fsr-3337	335	69	sd	sd	ADP
fsr-3337	335	70	of	of	ADP
fsr-3337	335	71	monthly	monthly	ADJ
fsr-3337	335	72	returns	return	NOUN
fsr-3337	335	73	sharpe	sharpe	PROPN
fsr-3337	335	74	ratio	ratio	PROPN
fsr-3337	335	75	sortino	sortino	PROPN
fsr-3337	335	76	ratio	ratio	PROPN
fsr-3337	335	77	cumulative	cumulative	ADJ
fsr-3337	335	78	returns	return	NOUN
fsr-3337	335	79	cumulative	cumulative	VERB
fsr-3337	335	80	wealth	wealth	NOUN
fsr-3337	335	81	(	(	PUNCT
fsr-3337	335	82	initial	initial	ADJ
fsr-3337	335	83	wealth	wealth	NOUN
fsr-3337	335	84	$	$	SYM
fsr-3337	335	85	1,000	1,000	NUM
fsr-3337	335	86	in	in	ADP
fsr-3337	335	87	january	january	PROPN
fsr-3337	335	88	2008	2008	NUM
fsr-3337	335	89	)	)	PUNCT
fsr-3337	335	90	number	number	NOUN
fsr-3337	335	91	of	of	ADP
fsr-3337	335	92	etfs	etfs	PROPN
fsr-3337	335	93	1	1	NUM
fsr-3337	335	94	u.s	u.s	PROPN
fsr-3337	335	95	.	.	PROPN
fsr-3337	335	96	66	66	NUM
fsr-3337	335	97	months	month	NOUN
fsr-3337	335	98	0.53	0.53	NUM
fsr-3337	335	99	%	%	NOUN
fsr-3337	335	100	5.35	5.35	NUM
fsr-3337	335	101	%	%	NOUN
fsr-3337	335	102	0.0939	0.0939	NUM
fsr-3337	336	1	0.1307	0.1307	NUM
fsr-3337	336	2	29.26	29.26	NUM
fsr-3337	336	3	%	%	NOUN
fsr-3337	336	4	$	$	SYM
fsr-3337	336	5	1,292.63	1,292.63	NUM
fsr-3337	336	6	6	6	NUM
fsr-3337	336	7	2	2	NUM
fsr-3337	336	8	total	total	NOUN
fsr-3337	336	9	world	world	NOUN
fsr-3337	336	10	66	66	NUM
fsr-3337	336	11	months	month	NOUN
fsr-3337	336	12	0.11	0.11	NUM
fsr-3337	336	13	%	%	NOUN
fsr-3337	336	14	6.26	6.26	NUM
fsr-3337	336	15	%	%	NOUN
fsr-3337	336	16	0.0134	0.0134	NUM
fsr-3337	336	17	0.0182	0.0182	NUM
fsr-3337	336	18	�	�	PROPN
fsr-3337	336	19	5.46	5.46	NUM
fsr-3337	336	20	%	%	NOUN
fsr-3337	336	21	$	$	SYM
fsr-3337	336	22	945.40	945.40	NUM
fsr-3337	336	23	6	6	NUM
fsr-3337	336	24	3	3	NUM
fsr-3337	336	25	total	total	NOUN
fsr-3337	336	26	world	world	NOUN
fsr-3337	336	27	ex	ex	PROPN
fsr-3337	336	28	u.s	u.s	PROPN
fsr-3337	336	29	.	.	PROPN
fsr-3337	336	30	66	66	NUM
fsr-3337	336	31	months	month	NOUN
fsr-3337	336	32	0.08	0.08	NUM
fsr-3337	336	33	%	%	NOUN
fsr-3337	336	34	6.28	6.28	NUM
fsr-3337	336	35	%	%	NOUN
fsr-3337	336	36	0.0084	0.0084	NUM
fsr-3337	336	37	0.0115	0.0115	NUM
fsr-3337	336	38	�	�	PROPN
fsr-3337	336	39	7.36	7.36	NUM
fsr-3337	336	40	%	%	NOUN
fsr-3337	336	41	$	$	SYM
fsr-3337	336	42	926.37	926.37	NUM
fsr-3337	336	43	4	4	NUM
fsr-3337	336	44	4	4	NUM
fsr-3337	336	45	emerging	emerge	VERB
fsr-3337	336	46	66	66	NUM
fsr-3337	336	47	months	month	NOUN
fsr-3337	336	48	�	�	NOUN
fsr-3337	336	49	0.0036	0.0036	NUM
fsr-3337	336	50	%	%	NOUN
fsr-3337	336	51	7.96	7.96	NUM
fsr-3337	336	52	%	%	NOUN
fsr-3337	336	53	�	�	PROPN
fsr-3337	336	54	0.0042	0.0042	NUM
fsr-3337	336	55	�	�	PROPN
fsr-3337	336	56	0.0057	0.0057	NUM
fsr-3337	336	57	�	�	PROPN
fsr-3337	336	58	19.45	19.45	NUM
fsr-3337	336	59	%	%	NOUN
fsr-3337	336	60	$	$	SYM
fsr-3337	336	61	805.45	805.45	NUM
fsr-3337	336	62	10	10	NUM
fsr-3337	336	63	5	5	NUM
fsr-3337	336	64	developed	develop	VERB
fsr-3337	336	65	66	66	NUM
fsr-3337	336	66	months	month	NOUN
fsr-3337	336	67	�	�	NOUN
fsr-3337	336	68	0.005	0.005	NUM
fsr-3337	336	69	%	%	NOUN
fsr-3337	336	70	6.82	6.82	NUM
fsr-3337	336	71	%	%	NOUN
fsr-3337	336	72	�	�	PROPN
fsr-3337	336	73	0.0051	0.0051	NUM
fsr-3337	336	74	�	�	PROPN
fsr-3337	336	75	0.0068	0.0068	NUM
fsr-3337	336	76	�	�	NOUN
fsr-3337	336	77	14.68	14.68	NUM
fsr-3337	336	78	%	%	NOUN
fsr-3337	336	79	$	$	SYM
fsr-3337	336	80	853.19	853.19	NUM
fsr-3337	336	81	10	10	NUM
fsr-3337	336	82	267s	267s	PROPN
fsr-3337	336	83	.	.	PUNCT
fsr-3337	337	1	kanuri	kanuri	PROPN
fsr-3337	337	2	,	,	PUNCT
fsr-3337	337	3	r.w	r.w	PROPN
fsr-3337	337	4	.	.	PROPN
fsr-3337	337	5	mcleod	mcleod	PROPN
fsr-3337	337	6	/	/	SYM
fsr-3337	337	7	financial	financial	ADJ
fsr-3337	337	8	services	service	NOUN
fsr-3337	337	9	review	review	VERB
fsr-3337	337	10	24	24	NUM
fsr-3337	337	11	(	(	PUNCT
fsr-3337	337	12	2015	2015	NUM
fsr-3337	337	13	)	)	PUNCT
fsr-3337	338	1	249–270	249–270	NUM
fsr-3337	338	2	jensen	jensen	PROPN
fsr-3337	338	3	’s	’s	PART
fsr-3337	338	4	�	�	PROPN
fsr-3337	338	5	indicates	indicate	VERB
fsr-3337	338	6	that	that	SCONJ
fsr-3337	338	7	most	most	ADJ
fsr-3337	338	8	of	of	ADP
fsr-3337	338	9	these	these	DET
fsr-3337	338	10	etfs	etfs	NOUN
fsr-3337	338	11	have	have	VERB
fsr-3337	338	12	negative	negative	ADJ
fsr-3337	338	13	or	or	CCONJ
fsr-3337	338	14	insignificant	insignificant	ADJ
fsr-3337	338	15	�	�	NOUN
fsr-3337	338	16	s.	s.	PROPN
fsr-3337	338	17	these	these	DET
fsr-3337	338	18	results	result	NOUN
fsr-3337	338	19	are	be	AUX
fsr-3337	338	20	expected	expect	VERB
fsr-3337	338	21	as	as	SCONJ
fsr-3337	338	22	these	these	DET
fsr-3337	338	23	etfs	etfs	NOUN
fsr-3337	338	24	are	be	AUX
fsr-3337	338	25	passively	passively	ADV
fsr-3337	338	26	managed	manage	VERB
fsr-3337	338	27	and	and	CCONJ
fsr-3337	338	28	closely	closely	ADV
fsr-3337	338	29	follow	follow	VERB
fsr-3337	338	30	their	their	PRON
fsr-3337	338	31	benchmark	benchmark	NOUN
fsr-3337	338	32	,	,	PUNCT
fsr-3337	338	33	but	but	CCONJ
fsr-3337	338	34	underperform	underperform	VERB
fsr-3337	338	35	the	the	DET
fsr-3337	338	36	benchmark	benchmark	NOUN
fsr-3337	338	37	by	by	ADP
fsr-3337	338	38	the	the	DET
fsr-3337	338	39	amount	amount	NOUN
fsr-3337	338	40	of	of	ADP
fsr-3337	338	41	expenses	expense	NOUN
fsr-3337	338	42	they	they	PRON
fsr-3337	338	43	charge	charge	VERB
fsr-3337	338	44	.	.	PUNCT
fsr-3337	339	1	alpha	alpha	NOUN
fsr-3337	339	2	is	be	AUX
fsr-3337	339	3	positive	positive	ADJ
fsr-3337	339	4	in	in	ADP
fsr-3337	339	5	only	only	ADV
fsr-3337	339	6	one	one	NUM
fsr-3337	339	7	instance	instance	NOUN
fsr-3337	339	8	(	(	PUNCT
fsr-3337	339	9	tok	tok	NOUN
fsr-3337	339	10	)	)	PUNCT
fsr-3337	339	11	,	,	PUNCT
fsr-3337	339	12	however	however	ADV
fsr-3337	339	13	,	,	PUNCT
fsr-3337	339	14	even	even	ADV
fsr-3337	339	15	in	in	ADP
fsr-3337	339	16	cases	case	NOUN
fsr-3337	339	17	where	where	SCONJ
fsr-3337	339	18	etfs	etfs	PROPN
fsr-3337	339	19	have	have	VERB
fsr-3337	339	20	significantly	significantly	ADV
fsr-3337	339	21	positive	positive	ADJ
fsr-3337	339	22	or	or	CCONJ
fsr-3337	339	23	negative	negative	ADJ
fsr-3337	339	24	�	�	NOUN
fsr-3337	339	25	s	s	PART
fsr-3337	339	26	,	,	PUNCT
fsr-3337	339	27	the	the	DET
fsr-3337	339	28	amount	amount	NOUN
fsr-3337	339	29	of	of	ADP
fsr-3337	339	30	out	out	ADP
fsr-3337	339	31	or	or	CCONJ
fsr-3337	339	32	under	under	ADP
fsr-3337	339	33	performance	performance	NOUN
fsr-3337	339	34	is	be	AUX
fsr-3337	339	35	very	very	ADV
fsr-3337	339	36	small	small	ADJ
fsr-3337	339	37	.	.	PUNCT
fsr-3337	340	1	�	�	PROPN
fsr-3337	340	2	is	be	AUX
fsr-3337	340	3	positive	positive	ADJ
fsr-3337	340	4	and	and	CCONJ
fsr-3337	340	5	significant	significant	ADJ
fsr-3337	340	6	(	(	PUNCT
fsr-3337	340	7	at	at	ADP
fsr-3337	340	8	1	1	NUM
fsr-3337	340	9	%	%	NOUN
fsr-3337	340	10	)	)	PUNCT
fsr-3337	340	11	in	in	ADP
fsr-3337	340	12	all	all	DET
fsr-3337	340	13	cases	case	NOUN
fsr-3337	340	14	.	.	PUNCT
fsr-3337	341	1	in	in	ADP
fsr-3337	341	2	most	most	ADJ
fsr-3337	341	3	cases	case	NOUN
fsr-3337	341	4	,	,	PUNCT
fsr-3337	341	5	�	�	PROPN
fsr-3337	341	6	is	be	AUX
fsr-3337	341	7	very	very	ADV
fsr-3337	341	8	close	close	ADJ
fsr-3337	341	9	to	to	ADP
fsr-3337	341	10	1	1	NUM
fsr-3337	341	11	(	(	PUNCT
fsr-3337	341	12	�	�	X
fsr-3337	341	13	�	�	PROPN
fsr-3337	341	14	0.98	0.98	NUM
fsr-3337	341	15	)	)	PUNCT
fsr-3337	341	16	,	,	PUNCT
fsr-3337	341	17	which	which	PRON
fsr-3337	341	18	indicates	indicate	VERB
fsr-3337	341	19	full	full	ADJ
fsr-3337	341	20	replication	replication	NOUN
fsr-3337	341	21	strategy	strategy	NOUN
fsr-3337	341	22	by	by	ADP
fsr-3337	341	23	the	the	DET
fsr-3337	341	24	etf	etf	NOUN
fsr-3337	341	25	manager	manager	NOUN
fsr-3337	341	26	.	.	PUNCT
fsr-3337	342	1	this	this	PRON
fsr-3337	342	2	clearly	clearly	ADV
fsr-3337	342	3	indicates	indicate	VERB
fsr-3337	342	4	passive	passive	ADJ
fsr-3337	342	5	replication	replication	NOUN
fsr-3337	342	6	instead	instead	ADV
fsr-3337	342	7	of	of	ADP
fsr-3337	342	8	active	active	ADJ
fsr-3337	342	9	management	management	NOUN
fsr-3337	342	10	for	for	ADP
fsr-3337	342	11	positive	positive	ADJ
fsr-3337	342	12	�	�	PROPN
fsr-3337	342	13	.	.	PUNCT
fsr-3337	342	14	diversification	diversification	NOUN
fsr-3337	342	15	benefits	benefit	NOUN
fsr-3337	342	16	of	of	ADP
fsr-3337	342	17	international	international	ADJ
fsr-3337	342	18	etfs	etfs	NOUN
fsr-3337	342	19	-	-	PUNCT
fsr-3337	342	20	results	result	NOUN
fsr-3337	342	21	indicate	indicate	VERB
fsr-3337	342	22	that	that	SCONJ
fsr-3337	342	23	international	international	ADJ
fsr-3337	342	24	etfs	etfs	NOUN
fsr-3337	342	25	are	be	AUX
fsr-3337	342	26	highly	highly	ADV
fsr-3337	342	27	correlated	correlate	VERB
fsr-3337	342	28	with	with	ADP
fsr-3337	342	29	major	major	ADJ
fsr-3337	342	30	u.s	u.s	PROPN
fsr-3337	342	31	.	.	PROPN
fsr-3337	342	32	indices	index	NOUN
fsr-3337	342	33	during	during	ADP
fsr-3337	342	34	the	the	DET
fsr-3337	342	35	entire	entire	ADJ
fsr-3337	342	36	period	period	NOUN
fsr-3337	342	37	.	.	PUNCT
fsr-3337	343	1	spearman	spearman	NOUN
fsr-3337	343	2	rank	rank	NOUN
fsr-3337	343	3	correlation	correlation	NOUN
fsr-3337	343	4	tests	test	NOUN
fsr-3337	343	5	find	find	VERB
fsr-3337	343	6	that	that	SCONJ
fsr-3337	343	7	all	all	DET
fsr-3337	343	8	international	international	ADJ
fsr-3337	343	9	etfs	etfs	NOUN
fsr-3337	343	10	are	be	AUX
fsr-3337	343	11	highly	highly	ADV
fsr-3337	343	12	correlated	correlate	VERB
fsr-3337	343	13	with	with	ADP
fsr-3337	343	14	the	the	DET
fsr-3337	343	15	s&p	s&p	PROPN
fsr-3337	343	16	500	500	NUM
fsr-3337	343	17	during	during	ADP
fsr-3337	343	18	the	the	DET
fsr-3337	343	19	entire	entire	ADJ
fsr-3337	343	20	period	period	NOUN
fsr-3337	343	21	(	(	PUNCT
fsr-3337	343	22	results	result	NOUN
fsr-3337	343	23	are	be	AUX
fsr-3337	343	24	significant	significant	ADJ
fsr-3337	343	25	at	at	ADP
fsr-3337	343	26	1	1	NUM
fsr-3337	343	27	%	%	NOUN
fsr-3337	343	28	)	)	PUNCT
fsr-3337	343	29	.	.	PUNCT
fsr-3337	344	1	results	result	NOUN
fsr-3337	344	2	are	be	AUX
fsr-3337	344	3	similar	similar	ADJ
fsr-3337	344	4	for	for	ADP
fsr-3337	344	5	other	other	ADJ
fsr-3337	344	6	major	major	ADJ
fsr-3337	344	7	u.s	u.s	PROPN
fsr-3337	344	8	.	.	PROPN
fsr-3337	344	9	indices	index	NOUN
fsr-3337	344	10	(	(	PUNCT
fsr-3337	344	11	djia	djia	PROPN
fsr-3337	344	12	,	,	PUNCT
fsr-3337	344	13	nasdaq	nasdaq	PROPN
fsr-3337	344	14	100	100	NUM
fsr-3337	344	15	,	,	PUNCT
fsr-3337	344	16	russell	russell	PROPN
fsr-3337	344	17	1000	1000	NUM
fsr-3337	344	18	,	,	PUNCT
fsr-3337	344	19	russell	russell	PROPN
fsr-3337	344	20	3000	3000	NUM
fsr-3337	344	21	,	,	PUNCT
fsr-3337	344	22	and	and	CCONJ
fsr-3337	344	23	dow	dow	PROPN
fsr-3337	344	24	jones	jones	PROPN
fsr-3337	344	25	u.s	u.s	PROPN
fsr-3337	344	26	.	.	PROPN
fsr-3337	344	27	total	total	ADJ
fsr-3337	344	28	return	return	PROPN
fsr-3337	344	29	index	index	NOUN
fsr-3337	344	30	)	)	PUNCT
fsr-3337	344	31	.	.	PUNCT
fsr-3337	345	1	we	we	PRON
fsr-3337	345	2	find	find	VERB
fsr-3337	345	3	similar	similar	ADJ
fsr-3337	345	4	results	result	NOUN
fsr-3337	345	5	with	with	ADP
fsr-3337	345	6	pca	pca	PROPN
fsr-3337	345	7	.	.	PUNCT
fsr-3337	346	1	the	the	DET
fsr-3337	346	2	second	second	ADJ
fsr-3337	346	3	model	model	NOUN
fsr-3337	346	4	we	we	PRON
fsr-3337	346	5	use	use	VERB
fsr-3337	346	6	(	(	PUNCT
fsr-3337	346	7	following	follow	VERB
fsr-3337	346	8	pennathur	pennathur	ADJ
fsr-3337	346	9	,	,	PUNCT
fsr-3337	346	10	delcoure	delcoure	NOUN
fsr-3337	346	11	,	,	PUNCT
fsr-3337	346	12	and	and	CCONJ
fsr-3337	346	13	anderson	anderson	PROPN
fsr-3337	346	14	,	,	PUNCT
fsr-3337	346	15	2002	2002	NUM
fsr-3337	346	16	)	)	PUNCT
fsr-3337	346	17	,	,	PUNCT
fsr-3337	346	18	where	where	SCONJ
fsr-3337	346	19	we	we	PRON
fsr-3337	346	20	regress	regress	VERB
fsr-3337	346	21	monthly	monthly	ADJ
fsr-3337	346	22	returns	return	NOUN
fsr-3337	346	23	of	of	ADP
fsr-3337	346	24	international	international	ADJ
fsr-3337	346	25	etfs	etfs	NOUN
fsr-3337	346	26	against	against	ADP
fsr-3337	346	27	s&p	s&p	PROPN
fsr-3337	346	28	500	500	NUM
fsr-3337	346	29	returns	return	NOUN
fsr-3337	346	30	indicates	indicate	VERB
fsr-3337	346	31	that	that	SCONJ
fsr-3337	346	32	all	all	DET
fsr-3337	346	33	international	international	ADJ
fsr-3337	346	34	etfs	etfs	NOUN
fsr-3337	346	35	are	be	AUX
fsr-3337	346	36	highly	highly	ADV
fsr-3337	346	37	dependent	dependent	ADJ
fsr-3337	346	38	on	on	ADP
fsr-3337	346	39	s&p	s&p	PROPN
fsr-3337	346	40	500	500	NUM
fsr-3337	346	41	.	.	PUNCT
fsr-3337	347	1	these	these	DET
fsr-3337	347	2	results	result	NOUN
fsr-3337	347	3	are	be	AUX
fsr-3337	347	4	statistically	statistically	ADV
fsr-3337	347	5	significant	significant	ADJ
fsr-3337	347	6	at	at	ADP
fsr-3337	347	7	1	1	NUM
fsr-3337	347	8	%	%	NOUN
fsr-3337	347	9	or	or	CCONJ
fsr-3337	347	10	5	5	NUM
fsr-3337	347	11	%	%	NOUN
fsr-3337	347	12	in	in	ADP
fsr-3337	347	13	all	all	DET
fsr-3337	347	14	cases	case	NOUN
fsr-3337	347	15	.	.	PUNCT
fsr-3337	348	1	we	we	PRON
fsr-3337	348	2	find	find	VERB
fsr-3337	348	3	similar	similar	ADJ
fsr-3337	348	4	results	result	NOUN
fsr-3337	348	5	between	between	ADP
fsr-3337	348	6	international	international	ADJ
fsr-3337	348	7	etfs	etfs	NOUN
fsr-3337	348	8	and	and	CCONJ
fsr-3337	348	9	other	other	ADJ
fsr-3337	348	10	major	major	ADJ
fsr-3337	348	11	u.s	u.s	PROPN
fsr-3337	348	12	.	.	PROPN
fsr-3337	348	13	indices	index	NOUN
fsr-3337	348	14	.	.	PUNCT
fsr-3337	349	1	in	in	ADP
fsr-3337	349	2	conclusion	conclusion	NOUN
fsr-3337	349	3	our	our	PRON
fsr-3337	349	4	results	result	NOUN
fsr-3337	349	5	indicate	indicate	VERB
fsr-3337	349	6	that	that	SCONJ
fsr-3337	349	7	during	during	ADP
fsr-3337	349	8	the	the	DET
fsr-3337	349	9	financial	financial	ADJ
fsr-3337	349	10	crisis	crisis	NOUN
fsr-3337	349	11	and	and	CCONJ
fsr-3337	349	12	the	the	DET
fsr-3337	349	13	ensuing	ensue	VERB
fsr-3337	349	14	recovery	recovery	NOUN
fsr-3337	349	15	,	,	PUNCT
fsr-3337	349	16	u.s	u.s	PROPN
fsr-3337	349	17	.	.	PROPN
fsr-3337	349	18	etfs	etfs	PROPN
fsr-3337	349	19	provided	provide	VERB
fsr-3337	349	20	superior	superior	ADJ
fsr-3337	349	21	performance	performance	NOUN
fsr-3337	349	22	relative	relative	ADJ
fsr-3337	349	23	to	to	ADP
fsr-3337	349	24	international	international	ADJ
fsr-3337	349	25	etfs	etfs	PROPN
fsr-3337	349	26	on	on	ADP
fsr-3337	349	27	both	both	CCONJ
fsr-3337	349	28	an	an	DET
fsr-3337	349	29	absolute	absolute	ADJ
fsr-3337	349	30	and	and	CCONJ
fsr-3337	349	31	risk	risk	NOUN
fsr-3337	349	32	-	-	PUNCT
fsr-3337	349	33	adjusted	adjust	VERB
fsr-3337	349	34	basis	basis	NOUN
fsr-3337	349	35	.	.	PUNCT
fsr-3337	350	1	in	in	ADP
fsr-3337	350	2	addition	addition	NOUN
fsr-3337	350	3	,	,	PUNCT
fsr-3337	350	4	during	during	ADP
fsr-3337	350	5	this	this	DET
fsr-3337	350	6	period	period	NOUN
fsr-3337	350	7	,	,	PUNCT
fsr-3337	350	8	international	international	ADJ
fsr-3337	350	9	etfs	etfs	PROPN
fsr-3337	350	10	exhibit	exhibit	VERB
fsr-3337	350	11	high	high	ADJ
fsr-3337	350	12	correlation	correlation	NOUN
fsr-3337	350	13	with	with	ADP
fsr-3337	350	14	u.s	u.s	PROPN
fsr-3337	350	15	.	.	PROPN
fsr-3337	350	16	markets	market	NOUN
fsr-3337	350	17	that	that	PRON
fsr-3337	350	18	eliminates	eliminate	VERB
fsr-3337	350	19	most	most	ADJ
fsr-3337	350	20	,	,	PUNCT
fsr-3337	350	21	if	if	SCONJ
fsr-3337	350	22	not	not	PART
fsr-3337	350	23	all	all	PRON
fsr-3337	350	24	,	,	PUNCT
fsr-3337	350	25	of	of	ADP
fsr-3337	350	26	their	their	PRON
fsr-3337	350	27	global	global	ADJ
fsr-3337	350	28	diversification	diversification	NOUN
fsr-3337	350	29	benefits	benefit	NOUN
fsr-3337	350	30	.	.	PUNCT
fsr-3337	351	1	as	as	ADP
fsr-3337	351	2	such	such	ADJ
fsr-3337	351	3	,	,	PUNCT
fsr-3337	351	4	individual	individual	ADJ
fsr-3337	351	5	investors	investor	NOUN
fsr-3337	351	6	should	should	AUX
fsr-3337	351	7	be	be	AUX
fsr-3337	351	8	aware	aware	ADJ
fsr-3337	351	9	that	that	SCONJ
fsr-3337	351	10	global	global	ADJ
fsr-3337	351	11	diversification	diversification	NOUN
fsr-3337	351	12	using	use	VERB
fsr-3337	351	13	etfs	etfs	NOUN
fsr-3337	351	14	may	may	AUX
fsr-3337	351	15	not	not	PART
fsr-3337	351	16	provide	provide	VERB
fsr-3337	351	17	them	they	PRON
fsr-3337	351	18	with	with	ADP
fsr-3337	351	19	any	any	DET
fsr-3337	351	20	benefits	benefit	NOUN
fsr-3337	351	21	especially	especially	ADV
fsr-3337	351	22	during	during	ADP
fsr-3337	351	23	times	time	NOUN
fsr-3337	351	24	of	of	ADP
fsr-3337	351	25	extreme	extreme	ADJ
fsr-3337	351	26	financial	financial	ADJ
fsr-3337	351	27	distress	distress	NOUN
fsr-3337	351	28	.	.	PUNCT
fsr-3337	352	1	table	table	NOUN
fsr-3337	352	2	10b	10b	NOUN
fsr-3337	352	3	:	:	PUNCT
fsr-3337	352	4	shows	show	VERB
fsr-3337	352	5	the	the	DET
fsr-3337	352	6	spreaman	spreaman	ADJ
fsr-3337	352	7	-	-	PUNCT
fsr-3337	352	8	rank	rank	NOUN
fsr-3337	352	9	correlation	correlation	NOUN
fsr-3337	352	10	between	between	ADP
fsr-3337	352	11	equally	equally	ADV
fsr-3337	352	12	weighted	weight	VERB
fsr-3337	352	13	etf	etf	NOUN
fsr-3337	352	14	portfolios	portfolio	NOUN
fsr-3337	352	15	and	and	CCONJ
fsr-3337	352	16	s&p	s&p	PROPN
fsr-3337	352	17	500	500	NUM
fsr-3337	352	18	for	for	ADP
fsr-3337	352	19	the	the	DET
fsr-3337	352	20	period	period	NOUN
fsr-3337	352	21	of	of	ADP
fsr-3337	352	22	our	our	PRON
fsr-3337	352	23	study	study	NOUN
fsr-3337	352	24	(	(	PUNCT
fsr-3337	352	25	january	january	PROPN
fsr-3337	352	26	2008	2008	NUM
fsr-3337	352	27	-	-	SYM
fsr-3337	352	28	june	june	PROPN
fsr-3337	352	29	2013	2013	NUM
fsr-3337	352	30	)	)	PUNCT
fsr-3337	352	31	s&p	s&p	PROPN
fsr-3337	352	32	500	500	NUM
fsr-3337	352	33	u.s	u.s	PROPN
fsr-3337	352	34	.	.	PROPN
fsr-3337	352	35	etf	etf	PROPN
fsr-3337	352	36	portfolio	portfolio	PROPN
fsr-3337	352	37	total	total	ADJ
fsr-3337	352	38	world	world	PROPN
fsr-3337	352	39	etf	etf	PROPN
fsr-3337	352	40	portfolio	portfolio	PROPN
fsr-3337	352	41	total	total	ADJ
fsr-3337	352	42	world	world	PROPN
fsr-3337	352	43	ex	ex	PROPN
fsr-3337	352	44	u.s	u.s	PROPN
fsr-3337	352	45	.	.	PROPN
fsr-3337	352	46	etf	etf	PROPN
fsr-3337	352	47	portfolio	portfolio	NOUN
fsr-3337	352	48	emerging	emerge	VERB
fsr-3337	352	49	etf	etf	NOUN
fsr-3337	352	50	portfolio	portfolio	NOUN
fsr-3337	352	51	developed	develop	VERB
fsr-3337	352	52	etf	etf	NOUN
fsr-3337	352	53	portfolio	portfolio	NOUN
fsr-3337	352	54	s&p	s&p	PROPN
fsr-3337	352	55	500	500	NUM
fsr-3337	352	56	1	1	NUM
fsr-3337	352	57	u.s	u.s	PROPN
fsr-3337	352	58	.	.	PROPN
fsr-3337	352	59	etf	etf	PROPN
fsr-3337	352	60	portfolio	portfolio	NOUN
fsr-3337	352	61	0.9968‡	0.9968‡	NUM
fsr-3337	352	62	1	1	NUM
fsr-3337	352	63	total	total	ADJ
fsr-3337	352	64	world	world	PROPN
fsr-3337	352	65	etf	etf	NOUN
fsr-3337	352	66	portfolio	portfolio	PROPN
fsr-3337	352	67	0.9408‡	0.9408‡	NOUN
fsr-3337	352	68	0.9376‡	0.9376‡	NUM
fsr-3337	352	69	1	1	NUM
fsr-3337	352	70	total	total	NOUN
fsr-3337	352	71	world	world	NOUN
fsr-3337	352	72	ex	ex	PROPN
fsr-3337	352	73	u.s	u.s	PROPN
fsr-3337	352	74	.	.	PROPN
fsr-3337	352	75	etf	etf	PROPN
fsr-3337	352	76	portfolio	portfolio	PROPN
fsr-3337	352	77	0.8770‡	0.8770‡	PROPN
fsr-3337	352	78	0.8791‡	0.8791‡	NUM
fsr-3337	352	79	0.9651‡	0.9651‡	NOUN
fsr-3337	352	80	1	1	NUM
fsr-3337	352	81	developed	develop	VERB
fsr-3337	352	82	etf	etf	NOUN
fsr-3337	352	83	portfolio	portfolio	NOUN
fsr-3337	352	84	0.8896‡	0.8896‡	NOUN
fsr-3337	352	85	0.8876‡	0.8876‡	PROPN
fsr-3337	352	86	0.9790‡	0.9790‡	NOUN
fsr-3337	352	87	0.9794‡	0.9794‡	NOUN
fsr-3337	352	88	1	1	NUM
fsr-3337	352	89	emerging	emerge	VERB
fsr-3337	352	90	etf	etf	NOUN
fsr-3337	352	91	portfolio	portfolio	NOUN
fsr-3337	352	92	0.8091‡	0.8091‡	NUM
fsr-3337	352	93	0.8183‡	0.8183‡	PROPN
fsr-3337	352	94	0.8868‡	0.8868‡	NUM
fsr-3337	352	95	0.9519‡	0.9519‡	NOUN
fsr-3337	352	96	0.8999‡	0.8999‡	X
fsr-3337	353	1	1	1	X
fsr-3337	353	2	*	*	PUNCT
fsr-3337	353	3	significant	significant	ADJ
fsr-3337	353	4	at	at	ADP
fsr-3337	353	5	10	10	NUM
fsr-3337	353	6	%	%	NOUN
fsr-3337	353	7	.	.	PUNCT
fsr-3337	354	1	†	†	PROPN
fsr-3337	354	2	significant	significant	ADJ
fsr-3337	354	3	at	at	ADP
fsr-3337	354	4	5	5	NUM
fsr-3337	354	5	%	%	NOUN
fsr-3337	354	6	.	.	PUNCT
fsr-3337	355	1	‡	‡	PUNCT
fsr-3337	356	1	significant	significant	ADJ
fsr-3337	356	2	at	at	ADP
fsr-3337	356	3	1	1	NUM
fsr-3337	356	4	%	%	NOUN
fsr-3337	356	5	.	.	PUNCT
fsr-3337	357	1	268	268	NUM
fsr-3337	357	2	s.	s.	PROPN
fsr-3337	357	3	kanuri	kanuri	PROPN
fsr-3337	357	4	,	,	PUNCT
fsr-3337	357	5	r.w	r.w	PROPN
fsr-3337	357	6	.	.	PROPN
fsr-3337	357	7	mcleod	mcleod	PROPN
fsr-3337	357	8	/	/	SYM
fsr-3337	357	9	financial	financial	ADJ
fsr-3337	357	10	services	service	NOUN
fsr-3337	357	11	review	review	VERB
fsr-3337	357	12	24	24	NUM
fsr-3337	357	13	(	(	PUNCT
fsr-3337	357	14	2015	2015	NUM
fsr-3337	357	15	)	)	PUNCT
fsr-3337	357	16	249–270	249–270	NUM
fsr-3337	357	17	notes	note	VERB
fsr-3337	357	18	1	1	NUM
fsr-3337	357	19	over	over	ADP
fsr-3337	357	20	one	one	NUM
fsr-3337	357	21	half	half	NOUN
fsr-3337	357	22	of	of	ADP
fsr-3337	357	23	international	international	ADJ
fsr-3337	357	24	etfs	etfs	NOUN
fsr-3337	357	25	were	be	AUX
fsr-3337	357	26	created	create	VERB
fsr-3337	357	27	in	in	ADP
fsr-3337	357	28	2007	2007	NUM
fsr-3337	357	29	as	as	SCONJ
fsr-3337	357	30	shown	show	VERB
fsr-3337	357	31	in	in	ADP
fsr-3337	357	32	table	table	NOUN
fsr-3337	357	33	1a	1a	NOUN
fsr-3337	357	34	.	.	PUNCT
fsr-3337	358	1	2	2	NUM
fsr-3337	358	2	results	result	NOUN
fsr-3337	358	3	not	not	PART
fsr-3337	358	4	reported	report	VERB
fsr-3337	358	5	in	in	ADP
fsr-3337	358	6	the	the	DET
fsr-3337	358	7	article	article	NOUN
fsr-3337	358	8	indicate	indicate	VERB
fsr-3337	358	9	that	that	SCONJ
fsr-3337	358	10	international	international	ADJ
fsr-3337	358	11	etfs	etfs	NOUN
fsr-3337	358	12	are	be	AUX
fsr-3337	358	13	also	also	ADV
fsr-3337	358	14	very	very	ADV
fsr-3337	358	15	highly	highly	ADV
fsr-3337	358	16	(	(	PUNCT
fsr-3337	358	17	and	and	CCONJ
fsr-3337	358	18	significantly	significantly	ADV
fsr-3337	358	19	)	)	PUNCT
fsr-3337	358	20	correlated	correlate	VERB
fsr-3337	358	21	with	with	ADP
fsr-3337	358	22	other	other	ADJ
fsr-3337	358	23	major	major	ADJ
fsr-3337	358	24	u.s	u.s	PROPN
fsr-3337	358	25	.	.	PROPN
fsr-3337	358	26	indices	index	NOUN
fsr-3337	358	27	over	over	ADP
fsr-3337	358	28	the	the	DET
fsr-3337	358	29	entire	entire	ADJ
fsr-3337	358	30	period	period	NOUN
fsr-3337	358	31	,	,	PUNCT
fsr-3337	358	32	and	and	CCONJ
fsr-3337	358	33	hence	hence	ADV
fsr-3337	358	34	there	there	PRON
fsr-3337	358	35	are	be	VERB
fsr-3337	358	36	limited	limited	ADJ
fsr-3337	358	37	benefits	benefit	NOUN
fsr-3337	358	38	of	of	ADP
fsr-3337	358	39	diversification	diversification	NOUN
fsr-3337	358	40	for	for	ADP
fsr-3337	358	41	the	the	DET
fsr-3337	358	42	period	period	NOUN
fsr-3337	358	43	of	of	ADP
fsr-3337	358	44	our	our	PRON
fsr-3337	358	45	study	study	NOUN
fsr-3337	358	46	.	.	PUNCT
fsr-3337	359	1	references	reference	NOUN
fsr-3337	359	2	adler	adler	PROPN
fsr-3337	359	3	,	,	PUNCT
fsr-3337	359	4	m.	m.	NOUN
fsr-3337	359	5	,	,	PUNCT
fsr-3337	359	6	&	&	CCONJ
fsr-3337	359	7	b.	b.	PROPN
fsr-3337	359	8	dumas	dumas	PROPN
fsr-3337	359	9	,	,	PUNCT
fsr-3337	359	10	(	(	PUNCT
fsr-3337	359	11	1983	1983	NUM
fsr-3337	359	12	)	)	PUNCT
fsr-3337	359	13	.	.	PUNCT
fsr-3337	360	1	international	international	ADJ
fsr-3337	360	2	portfolio	portfolio	NOUN
fsr-3337	360	3	choice	choice	NOUN
fsr-3337	360	4	and	and	CCONJ
fsr-3337	360	5	corporate	corporate	ADJ
fsr-3337	360	6	finance	finance	NOUN
fsr-3337	360	7	.	.	PUNCT
fsr-3337	361	1	journal	journal	PROPN
fsr-3337	361	2	of	of	ADP
fsr-3337	361	3	finance	finance	NOUN
fsr-3337	361	4	,	,	PUNCT
fsr-3337	361	5	38	38	NUM
fsr-3337	361	6	,	,	PUNCT
fsr-3337	361	7	925–84	925–84	NOUN
fsr-3337	361	8	.	.	PUNCT
fsr-3337	362	1	aiello	aiello	PROPN
fsr-3337	362	2	,	,	PUNCT
fsr-3337	362	3	s.	s.	PROPN
fsr-3337	362	4	,	,	PUNCT
fsr-3337	362	5	&	&	CCONJ
fsr-3337	362	6	chieffe	chieffe	PROPN
fsr-3337	362	7	,	,	PUNCT
fsr-3337	362	8	n.	n.	PROPN
fsr-3337	362	9	(	(	PUNCT
fsr-3337	362	10	1999	1999	NUM
fsr-3337	362	11	)	)	PUNCT
fsr-3337	362	12	.	.	PUNCT
fsr-3337	363	1	international	international	ADJ
fsr-3337	363	2	index	index	NOUN
fsr-3337	363	3	funds	fund	NOUN
fsr-3337	363	4	and	and	CCONJ
fsr-3337	363	5	the	the	DET
fsr-3337	363	6	investment	investment	NOUN
fsr-3337	363	7	portfolio	portfolio	NOUN
fsr-3337	363	8	.	.	PUNCT
fsr-3337	364	1	financial	financial	ADJ
fsr-3337	364	2	services	services	PROPN
fsr-3337	364	3	review	review	NOUN
fsr-3337	364	4	,	,	PUNCT
fsr-3337	364	5	8	8	NUM
fsr-3337	364	6	,	,	PUNCT
fsr-3337	364	7	27–35	27–35	NUM
fsr-3337	364	8	.	.	NOUN
fsr-3337	365	1	black	black	PROPN
fsr-3337	365	2	,	,	PUNCT
fsr-3337	365	3	f.	f.	PROPN
fsr-3337	365	4	(	(	PUNCT
fsr-3337	365	5	1974	1974	NUM
fsr-3337	365	6	)	)	PUNCT
fsr-3337	365	7	.	.	PUNCT
fsr-3337	366	1	international	international	ADJ
fsr-3337	366	2	capital	capital	NOUN
fsr-3337	366	3	market	market	NOUN
fsr-3337	366	4	equilibrium	equilibrium	NOUN
fsr-3337	366	5	with	with	ADP
fsr-3337	366	6	investment	investment	NOUN
fsr-3337	366	7	barriers	barrier	NOUN
fsr-3337	366	8	.	.	PUNCT
fsr-3337	367	1	journal	journal	NOUN
fsr-3337	367	2	of	of	ADP
fsr-3337	367	3	financial	financial	ADJ
fsr-3337	367	4	economics	economic	NOUN
fsr-3337	367	5	,	,	PUNCT
fsr-3337	367	6	1	1	NUM
fsr-3337	367	7	,	,	PUNCT
fsr-3337	367	8	337–52	337–52	NUM
fsr-3337	367	9	.	.	PUNCT
fsr-3337	368	1	eun	eun	PROPN
fsr-3337	368	2	,	,	PUNCT
fsr-3337	368	3	c.	c.	PROPN
fsr-3337	368	4	s.	s.	PROPN
fsr-3337	368	5	,	,	PUNCT
fsr-3337	368	6	&	&	CCONJ
fsr-3337	368	7	shim	shim	NOUN
fsr-3337	368	8	,	,	PUNCT
fsr-3337	368	9	s.	s.	PROPN
fsr-3337	368	10	(	(	PUNCT
fsr-3337	368	11	1989	1989	NUM
fsr-3337	368	12	)	)	PUNCT
fsr-3337	368	13	.	.	PUNCT
fsr-3337	369	1	international	international	ADJ
fsr-3337	369	2	transmission	transmission	NOUN
fsr-3337	369	3	of	of	ADP
fsr-3337	369	4	stock	stock	NOUN
fsr-3337	369	5	market	market	NOUN
fsr-3337	369	6	movements	movement	NOUN
fsr-3337	369	7	.	.	PUNCT
fsr-3337	370	1	journal	journal	NOUN
fsr-3337	370	2	of	of	ADP
fsr-3337	370	3	financial	financial	ADJ
fsr-3337	370	4	and	and	CCONJ
fsr-3337	370	5	quantitative	quantitative	ADJ
fsr-3337	370	6	analysis	analysis	NOUN
fsr-3337	370	7	,	,	PUNCT
fsr-3337	370	8	24(02	24(02	NUM
fsr-3337	370	9	)	)	PUNCT
fsr-3337	370	10	,	,	PUNCT
fsr-3337	370	11	241–256	241–256	NUM
fsr-3337	370	12	.	.	PUNCT
fsr-3337	371	1	frino	frino	PROPN
fsr-3337	371	2	,	,	PUNCT
fsr-3337	371	3	a.	a.	PROPN
fsr-3337	371	4	,	,	PUNCT
fsr-3337	371	5	&	&	CCONJ
fsr-3337	371	6	gallagher	gallagher	PROPN
fsr-3337	371	7	,	,	PUNCT
fsr-3337	371	8	d.	d.	PROPN
fsr-3337	371	9	r.	r.	PROPN
fsr-3337	371	10	(	(	PUNCT
fsr-3337	371	11	2001	2001	NUM
fsr-3337	371	12	)	)	PUNCT
fsr-3337	371	13	.	.	PUNCT
fsr-3337	372	1	tracking	track	VERB
fsr-3337	372	2	s&p	s&p	PROPN
fsr-3337	372	3	500	500	NUM
fsr-3337	372	4	index	index	NOUN
fsr-3337	372	5	funds	fund	NOUN
fsr-3337	372	6	.	.	PUNCT
fsr-3337	373	1	the	the	DET
fsr-3337	373	2	journal	journal	PROPN
fsr-3337	373	3	of	of	ADP
fsr-3337	373	4	portfolio	portfolio	NOUN
fsr-3337	373	5	management	management	NOUN
fsr-3337	373	6	,	,	PUNCT
fsr-3337	373	7	28	28	NUM
fsr-3337	373	8	,	,	PUNCT
fsr-3337	373	9	44–55	44–55	NUM
fsr-3337	373	10	.	.	PUNCT
fsr-3337	374	1	hanna	hanna	PROPN
fsr-3337	374	2	,	,	PUNCT
fsr-3337	374	3	m.	m.	PROPN
fsr-3337	374	4	e.	e.	PROPN
fsr-3337	374	5	,	,	PUNCT
fsr-3337	374	6	mccormack	mccormack	PROPN
fsr-3337	374	7	,	,	PUNCT
fsr-3337	374	8	j.	j.	PROPN
fsr-3337	374	9	p.	p.	PROPN
fsr-3337	374	10	,	,	PUNCT
fsr-3337	374	11	&	&	CCONJ
fsr-3337	374	12	perdue	perdue	PROPN
fsr-3337	374	13	,	,	PUNCT
fsr-3337	374	14	g.	g.	PROPN
fsr-3337	374	15	(	(	PUNCT
fsr-3337	374	16	1999	1999	NUM
fsr-3337	374	17	)	)	PUNCT
fsr-3337	374	18	.	.	PUNCT
fsr-3337	375	1	a	a	DET
fsr-3337	375	2	nineties	ninety	NOUN
fsr-3337	375	3	perspective	perspective	NOUN
fsr-3337	375	4	on	on	ADP
fsr-3337	375	5	international	international	ADJ
fsr-3337	375	6	diversification	diversification	NOUN
fsr-3337	375	7	.	.	PUNCT
fsr-3337	376	1	financial	financial	ADJ
fsr-3337	376	2	services	service	NOUN
fsr-3337	376	3	review	review	NOUN
fsr-3337	376	4	,	,	PUNCT
fsr-3337	376	5	8	8	NUM
fsr-3337	376	6	,	,	PUNCT
fsr-3337	376	7	37–45	37–45	NUM
fsr-3337	376	8	.	.	PUNCT
fsr-3337	377	1	harper	harper	NOUN
fsr-3337	377	2	,	,	PUNCT
fsr-3337	377	3	j.	j.	PROPN
fsr-3337	377	4	t.	t.	PROPN
fsr-3337	377	5	,	,	PUNCT
fsr-3337	377	6	madura	madura	PROPN
fsr-3337	377	7	,	,	PUNCT
fsr-3337	377	8	j.	j.	PROPN
fsr-3337	377	9	,	,	PUNCT
fsr-3337	377	10	&	&	CCONJ
fsr-3337	377	11	schnusenberg	schnusenberg	PROPN
fsr-3337	377	12	,	,	PUNCT
fsr-3337	377	13	o.	o.	NOUN
fsr-3337	377	14	(	(	PUNCT
fsr-3337	377	15	2006	2006	NUM
fsr-3337	377	16	)	)	PUNCT
fsr-3337	377	17	.	.	PUNCT
fsr-3337	378	1	performance	performance	NOUN
fsr-3337	378	2	comparison	comparison	NOUN
fsr-3337	378	3	between	between	ADP
fsr-3337	378	4	exchange	exchange	NOUN
fsr-3337	378	5	-	-	PUNCT
fsr-3337	378	6	traded	trade	VERB
fsr-3337	378	7	funds	fund	NOUN
fsr-3337	378	8	and	and	CCONJ
fsr-3337	378	9	closed	closed	ADJ
fsr-3337	378	10	-	-	PUNCT
fsr-3337	378	11	end	end	NOUN
fsr-3337	378	12	country	country	NOUN
fsr-3337	378	13	funds	fund	NOUN
fsr-3337	378	14	.	.	PUNCT
fsr-3337	379	1	journal	journal	PROPN
fsr-3337	379	2	of	of	ADP
fsr-3337	379	3	international	international	ADJ
fsr-3337	379	4	financial	financial	ADJ
fsr-3337	379	5	markets	market	NOUN
fsr-3337	379	6	,	,	PUNCT
fsr-3337	379	7	institutions	institution	NOUN
fsr-3337	379	8	and	and	CCONJ
fsr-3337	379	9	money	money	NOUN
fsr-3337	379	10	,	,	PUNCT
fsr-3337	379	11	16	16	NUM
fsr-3337	379	12	,	,	PUNCT
fsr-3337	379	13	104–122	104–122	NUM
fsr-3337	379	14	.	.	PUNCT
fsr-3337	380	1	heston	heston	PROPN
fsr-3337	380	2	,	,	PUNCT
fsr-3337	380	3	s.	s.	PROPN
fsr-3337	380	4	l.	l.	PROPN
fsr-3337	380	5	,	,	PUNCT
fsr-3337	380	6	&	&	CCONJ
fsr-3337	380	7	rouwenhorst	rouwenhorst	PROPN
fsr-3337	380	8	,	,	PUNCT
fsr-3337	380	9	k.	k.	PROPN
fsr-3337	380	10	g.	g.	PROPN
fsr-3337	380	11	(	(	PUNCT
fsr-3337	380	12	1994	1994	NUM
fsr-3337	380	13	)	)	PUNCT
fsr-3337	380	14	.	.	PUNCT
fsr-3337	381	1	correlations	correlation	NOUN
fsr-3337	381	2	in	in	ADP
fsr-3337	381	3	price	price	NOUN
fsr-3337	381	4	changes	change	NOUN
fsr-3337	381	5	and	and	CCONJ
fsr-3337	381	6	volatility	volatility	NOUN
fsr-3337	381	7	across	across	ADP
fsr-3337	381	8	international	international	ADJ
fsr-3337	381	9	stock	stock	NOUN
fsr-3337	381	10	markets	market	NOUN
fsr-3337	381	11	.	.	PUNCT
fsr-3337	382	1	review	review	NOUN
fsr-3337	382	2	of	of	ADP
fsr-3337	382	3	financial	financial	ADJ
fsr-3337	382	4	studies	study	NOUN
fsr-3337	382	5	,	,	PUNCT
fsr-3337	382	6	7	7	NUM
fsr-3337	382	7	,	,	PUNCT
fsr-3337	382	8	281–307	281–307	NUM
fsr-3337	382	9	.	.	PUNCT
fsr-3337	383	1	ho	ho	PROPN
fsr-3337	383	2	,	,	PUNCT
fsr-3337	383	3	k.	k.	PROPN
fsr-3337	383	4	,	,	PUNCT
fsr-3337	383	5	milevsky	milevsky	NOUN
fsr-3337	383	6	,	,	PUNCT
fsr-3337	383	7	m.	m.	NOUN
fsr-3337	383	8	a.	a.	PROPN
fsr-3337	383	9	,	,	PUNCT
fsr-3337	383	10	&	&	CCONJ
fsr-3337	383	11	robinson	robinson	PROPN
fsr-3337	383	12	,	,	PUNCT
fsr-3337	383	13	c.	c.	PROPN
fsr-3337	383	14	(	(	PUNCT
fsr-3337	383	15	1999	1999	NUM
fsr-3337	383	16	)	)	PUNCT
fsr-3337	383	17	.	.	PUNCT
fsr-3337	384	1	international	international	ADJ
fsr-3337	384	2	equity	equity	NOUN
fsr-3337	384	3	diversification	diversification	NOUN
fsr-3337	384	4	and	and	CCONJ
fsr-3337	384	5	shortfall	shortfall	NOUN
fsr-3337	384	6	risk	risk	NOUN
fsr-3337	384	7	.	.	PUNCT
fsr-3337	385	1	financial	financial	ADJ
fsr-3337	385	2	services	service	NOUN
fsr-3337	385	3	review	review	NOUN
fsr-3337	385	4	,	,	PUNCT
fsr-3337	385	5	8	8	NUM
fsr-3337	385	6	,	,	PUNCT
fsr-3337	385	7	11–25	11–25	NUM
fsr-3337	385	8	.	.	PUNCT
fsr-3337	386	1	jacquier	jacquier	NOUN
fsr-3337	386	2	,	,	PUNCT
fsr-3337	386	3	e.	e.	PROPN
fsr-3337	386	4	,	,	PUNCT
fsr-3337	386	5	&	&	CCONJ
fsr-3337	386	6	marcus	marcus	PROPN
fsr-3337	386	7	,	,	PUNCT
fsr-3337	386	8	a.	a.	PROPN
fsr-3337	386	9	(	(	PUNCT
fsr-3337	386	10	2001	2001	NUM
fsr-3337	386	11	)	)	PUNCT
fsr-3337	386	12	.	.	PUNCT
fsr-3337	387	1	asset	asset	NOUN
fsr-3337	387	2	allocation	allocation	NOUN
fsr-3337	387	3	models	model	NOUN
fsr-3337	387	4	and	and	CCONJ
fsr-3337	387	5	market	market	NOUN
fsr-3337	387	6	volatility	volatility	NOUN
fsr-3337	387	7	.	.	PUNCT
fsr-3337	388	1	financial	financial	ADJ
fsr-3337	388	2	analysts	analyst	NOUN
fsr-3337	388	3	journal	journal	NOUN
fsr-3337	388	4	,	,	PUNCT
fsr-3337	388	5	57	57	NUM
fsr-3337	388	6	,	,	PUNCT
fsr-3337	388	7	16–30	16–30	NUM
fsr-3337	388	8	.	.	PUNCT
fsr-3337	388	9	johnsona	johnsona	PROPN
fsr-3337	388	10	,	,	PUNCT
fsr-3337	388	11	r.	r.	PROPN
fsr-3337	388	12	r.	r.	PROPN
fsr-3337	388	13	,	,	PUNCT
fsr-3337	388	14	buetow	buetow	PROPN
fsr-3337	388	15	,	,	PUNCT
fsr-3337	388	16	g.	g.	PROPN
fsr-3337	388	17	w.	w.	PROPN
fsr-3337	388	18	,	,	PUNCT
fsr-3337	388	19	&	&	CCONJ
fsr-3337	388	20	jensen	jensen	PROPN
fsr-3337	388	21	,	,	PUNCT
fsr-3337	388	22	g.	g.	PROPN
fsr-3337	388	23	r.	r.	PROPN
fsr-3337	388	24	(	(	PUNCT
fsr-3337	388	25	1999	1999	NUM
fsr-3337	388	26	)	)	PUNCT
fsr-3337	388	27	.	.	PUNCT
fsr-3337	389	1	international	international	ADJ
fsr-3337	389	2	mutual	mutual	ADJ
fsr-3337	389	3	fund	fund	NOUN
fsr-3337	389	4	returns	return	NOUN
fsr-3337	389	5	and	and	CCONJ
fsr-3337	389	6	federal	federal	ADJ
fsr-3337	389	7	reserve	reserve	NOUN
fsr-3337	389	8	policy	policy	NOUN
fsr-3337	389	9	.	.	PUNCT
fsr-3337	390	1	financial	financial	ADJ
fsr-3337	390	2	services	service	NOUN
fsr-3337	390	3	review	review	NOUN
fsr-3337	390	4	,	,	PUNCT
fsr-3337	390	5	8	8	NUM
fsr-3337	390	6	,	,	PUNCT
fsr-3337	390	7	199–210	199–210	NUM
fsr-3337	390	8	.	.	PUNCT
fsr-3337	391	1	jensen	jensen	PROPN
fsr-3337	391	2	,	,	PUNCT
fsr-3337	391	3	m.	m.	PROPN
fsr-3337	391	4	c.	c.	PROPN
fsr-3337	391	5	(	(	PUNCT
fsr-3337	391	6	1968	1968	NUM
fsr-3337	391	7	)	)	PUNCT
fsr-3337	391	8	.	.	PUNCT
fsr-3337	392	1	the	the	DET
fsr-3337	392	2	performance	performance	NOUN
fsr-3337	392	3	of	of	ADP
fsr-3337	392	4	mutual	mutual	ADJ
fsr-3337	392	5	funds	fund	NOUN
fsr-3337	392	6	in	in	ADP
fsr-3337	392	7	the	the	DET
fsr-3337	392	8	period	period	NOUN
fsr-3337	392	9	1945–1964	1945–1964	NUM
fsr-3337	392	10	.	.	PUNCT
fsr-3337	393	1	the	the	DET
fsr-3337	393	2	journal	journal	PROPN
fsr-3337	393	3	of	of	ADP
fsr-3337	393	4	finance	finance	NOUN
fsr-3337	393	5	,	,	PUNCT
fsr-3337	393	6	23	23	NUM
fsr-3337	393	7	,	,	PUNCT
fsr-3337	393	8	389–416	389–416	NUM
fsr-3337	393	9	.	.	PUNCT
fsr-3337	394	1	king	king	PROPN
fsr-3337	394	2	,	,	PUNCT
fsr-3337	394	3	m.	m.	NOUN
fsr-3337	394	4	a.	a.	PROPN
fsr-3337	394	5	,	,	PUNCT
fsr-3337	394	6	&	&	CCONJ
fsr-3337	394	7	wadhwani	wadhwani	PROPN
fsr-3337	394	8	,	,	PUNCT
fsr-3337	394	9	s.	s.	PROPN
fsr-3337	394	10	(	(	PUNCT
fsr-3337	394	11	1990	1990	NUM
fsr-3337	394	12	)	)	PUNCT
fsr-3337	394	13	.	.	PUNCT
fsr-3337	395	1	transmission	transmission	NOUN
fsr-3337	395	2	of	of	ADP
fsr-3337	395	3	volatility	volatility	NOUN
fsr-3337	395	4	between	between	ADP
fsr-3337	395	5	stock	stock	NOUN
fsr-3337	395	6	markets	market	NOUN
fsr-3337	395	7	.	.	PUNCT
fsr-3337	396	1	review	review	NOUN
fsr-3337	396	2	of	of	ADP
fsr-3337	396	3	financial	financial	ADJ
fsr-3337	396	4	studies	study	NOUN
fsr-3337	396	5	,	,	PUNCT
fsr-3337	396	6	3(1	3(1	NUM
fsr-3337	396	7	)	)	PUNCT
fsr-3337	396	8	,	,	PUNCT
fsr-3337	396	9	5–33	5–33	PROPN
fsr-3337	396	10	.	.	PUNCT
fsr-3337	397	1	koch	koch	PROPN
fsr-3337	397	2	,	,	PUNCT
fsr-3337	397	3	p.	p.	PROPN
fsr-3337	397	4	d.	d.	PROPN
fsr-3337	397	5	,	,	PUNCT
fsr-3337	397	6	&	&	CCONJ
fsr-3337	397	7	koch	koch	PROPN
fsr-3337	397	8	,	,	PUNCT
fsr-3337	397	9	t.	t.	PROPN
fsr-3337	397	10	w.	w.	PROPN
fsr-3337	397	11	(	(	PUNCT
fsr-3337	397	12	1991	1991	NUM
fsr-3337	397	13	)	)	PUNCT
fsr-3337	397	14	.	.	PUNCT
fsr-3337	398	1	evolution	evolution	NOUN
fsr-3337	398	2	in	in	ADP
fsr-3337	398	3	dynamic	dynamic	ADJ
fsr-3337	398	4	linkages	linkage	NOUN
fsr-3337	398	5	across	across	ADP
fsr-3337	398	6	daily	daily	ADJ
fsr-3337	398	7	national	national	ADJ
fsr-3337	398	8	stock	stock	NOUN
fsr-3337	398	9	indexes	index	NOUN
fsr-3337	398	10	.	.	PUNCT
fsr-3337	399	1	journal	journal	NOUN
fsr-3337	399	2	of	of	ADP
fsr-3337	399	3	international	international	ADJ
fsr-3337	399	4	money	money	NOUN
fsr-3337	399	5	and	and	CCONJ
fsr-3337	399	6	finance	finance	NOUN
fsr-3337	399	7	,	,	PUNCT
fsr-3337	399	8	10	10	NUM
fsr-3337	399	9	,	,	PUNCT
fsr-3337	399	10	231–251	231–251	NUM
fsr-3337	399	11	.	.	PUNCT
fsr-3337	400	1	levy	levy	NOUN
fsr-3337	400	2	,	,	PUNCT
fsr-3337	400	3	h.	h.	PROPN
fsr-3337	400	4	,	,	PUNCT
fsr-3337	400	5	&	&	CCONJ
fsr-3337	400	6	sarnat	sarnat	PROPN
fsr-3337	400	7	,	,	PUNCT
fsr-3337	400	8	m.	m.	NOUN
fsr-3337	400	9	(	(	PUNCT
fsr-3337	400	10	1970	1970	NUM
fsr-3337	400	11	)	)	PUNCT
fsr-3337	400	12	.	.	PUNCT
fsr-3337	401	1	international	international	ADJ
fsr-3337	401	2	diversification	diversification	NOUN
fsr-3337	401	3	of	of	ADP
fsr-3337	401	4	investment	investment	NOUN
fsr-3337	401	5	portfolios	portfolio	NOUN
fsr-3337	401	6	.	.	PUNCT
fsr-3337	402	1	american	american	PROPN
fsr-3337	402	2	economic	economic	PROPN
fsr-3337	402	3	review	review	PROPN
fsr-3337	402	4	,	,	PUNCT
fsr-3337	402	5	60	60	NUM
fsr-3337	402	6	,	,	PUNCT
fsr-3337	402	7	668–675	668–675	NUM
fsr-3337	402	8	.	.	PUNCT
fsr-3337	403	1	longin	longin	PROPN
fsr-3337	403	2	,	,	PUNCT
fsr-3337	403	3	f.	f.	PROPN
fsr-3337	403	4	,	,	PUNCT
fsr-3337	403	5	&	&	CCONJ
fsr-3337	403	6	solnik	solnik	PROPN
fsr-3337	403	7	,	,	PUNCT
fsr-3337	403	8	b.	b.	PROPN
fsr-3337	403	9	(	(	PUNCT
fsr-3337	403	10	1995	1995	NUM
fsr-3337	403	11	)	)	PUNCT
fsr-3337	403	12	.	.	PUNCT
fsr-3337	403	13	is	be	AUX
fsr-3337	403	14	the	the	DET
fsr-3337	403	15	correlation	correlation	NOUN
fsr-3337	403	16	in	in	ADP
fsr-3337	403	17	international	international	ADJ
fsr-3337	403	18	equity	equity	NOUN
fsr-3337	403	19	returns	return	NOUN
fsr-3337	403	20	constant	constant	ADJ
fsr-3337	403	21	:	:	PUNCT
fsr-3337	403	22	1960–1990	1960–1990	NUM
fsr-3337	403	23	?	?	PUNCT
fsr-3337	403	24	journal	journal	NOUN
fsr-3337	403	25	of	of	ADP
fsr-3337	403	26	international	international	ADJ
fsr-3337	403	27	money	money	NOUN
fsr-3337	403	28	and	and	CCONJ
fsr-3337	403	29	finance	finance	NOUN
fsr-3337	403	30	,	,	PUNCT
fsr-3337	403	31	14	14	NUM
fsr-3337	403	32	,	,	PUNCT
fsr-3337	403	33	3–26	3–26	NUM
fsr-3337	403	34	.	.	PUNCT
fsr-3337	404	1	pennathur	pennathur	PROPN
fsr-3337	404	2	,	,	PUNCT
fsr-3337	404	3	a.	a.	NOUN
fsr-3337	404	4	k.	k.	PROPN
fsr-3337	404	5	,	,	PUNCT
fsr-3337	404	6	delcoure	delcoure	NOUN
fsr-3337	404	7	,	,	PUNCT
fsr-3337	404	8	n.	n.	NOUN
fsr-3337	404	9	,	,	PUNCT
fsr-3337	404	10	&	&	CCONJ
fsr-3337	404	11	anderson	anderson	PROPN
fsr-3337	404	12	,	,	PUNCT
fsr-3337	404	13	d.	d.	PROPN
fsr-3337	404	14	(	(	PUNCT
fsr-3337	404	15	2002	2002	NUM
fsr-3337	404	16	)	)	PUNCT
fsr-3337	404	17	.	.	PUNCT
fsr-3337	405	1	diversification	diversification	NOUN
fsr-3337	405	2	benefits	benefit	NOUN
fsr-3337	405	3	of	of	ADP
fsr-3337	405	4	ishares	ishare	NOUN
fsr-3337	405	5	and	and	CCONJ
fsr-3337	405	6	closed	closed	ADJ
fsr-3337	405	7	-	-	PUNCT
fsr-3337	405	8	end	end	NOUN
fsr-3337	405	9	country	country	NOUN
fsr-3337	405	10	funds	fund	NOUN
fsr-3337	405	11	.	.	PUNCT
fsr-3337	406	1	journal	journal	NOUN
fsr-3337	406	2	of	of	ADP
fsr-3337	406	3	financial	financial	ADJ
fsr-3337	406	4	research	research	NOUN
fsr-3337	406	5	,	,	PUNCT
fsr-3337	406	6	25	25	NUM
fsr-3337	406	7	,	,	PUNCT
fsr-3337	406	8	541–557	541–557	NUM
fsr-3337	406	9	.	.	PUNCT
fsr-3337	407	1	pries	pry	NOUN
fsr-3337	407	2	,	,	PUNCT
fsr-3337	407	3	t.	t.	PROPN
fsr-3337	407	4	,	,	PUNCT
fsr-3337	407	5	kenett	kenett	PROPN
fsr-3337	407	6	,	,	PUNCT
fsr-3337	407	7	d.	d.	PROPN
fsr-3337	407	8	,	,	PUNCT
fsr-3337	407	9	stanley	stanley	PROPN
fsr-3337	407	10	,	,	PUNCT
fsr-3337	407	11	h.	h.	PROPN
fsr-3337	407	12	,	,	PUNCT
fsr-3337	407	13	helbing	helbing	PROPN
fsr-3337	407	14	,	,	PUNCT
fsr-3337	407	15	d.	d.	PROPN
fsr-3337	407	16	,	,	PUNCT
fsr-3337	407	17	&	&	CCONJ
fsr-3337	407	18	ben	ben	PROPN
fsr-3337	407	19	-	-	PROPN
fsr-3337	407	20	jacob	jacob	PROPN
fsr-3337	407	21	,	,	PUNCT
fsr-3337	407	22	e.	e.	PROPN
fsr-3337	407	23	(	(	PUNCT
fsr-3337	407	24	2012	2012	NUM
fsr-3337	407	25	)	)	PUNCT
fsr-3337	407	26	.	.	PUNCT
fsr-3337	408	1	quantifying	quantify	VERB
fsr-3337	408	2	the	the	DET
fsr-3337	408	3	behavior	behavior	NOUN
fsr-3337	408	4	of	of	ADP
fsr-3337	408	5	stock	stock	NOUN
fsr-3337	408	6	correlations	correlation	NOUN
fsr-3337	408	7	under	under	ADP
fsr-3337	408	8	market	market	NOUN
fsr-3337	408	9	stress	stress	NOUN
fsr-3337	408	10	.	.	PUNCT
fsr-3337	409	1	scientific	scientific	ADJ
fsr-3337	409	2	reports,2	reports,2	NOUN
fsr-3337	409	3	,	,	PUNCT
fsr-3337	409	4	article	article	NOUN
fsr-3337	409	5	number	number	NOUN
fsr-3337	409	6	:	:	PUNCT
fsr-3337	409	7	752	752	NUM
fsr-3337	409	8	.	.	PUNCT
fsr-3337	410	1	pope	pope	NOUN
fsr-3337	410	2	,	,	PUNCT
fsr-3337	410	3	p.	p.	PROPN
fsr-3337	410	4	f.	f.	PROPN
fsr-3337	410	5	,	,	PUNCT
fsr-3337	410	6	&	&	CCONJ
fsr-3337	410	7	yadav	yadav	PROPN
fsr-3337	410	8	,	,	PUNCT
fsr-3337	410	9	p.	p.	PROPN
fsr-3337	410	10	k.	k.	PROPN
fsr-3337	411	1	(	(	PUNCT
fsr-3337	411	2	1994	1994	NUM
fsr-3337	411	3	)	)	PUNCT
fsr-3337	411	4	.	.	PUNCT
fsr-3337	412	1	discovering	discover	VERB
fsr-3337	412	2	errors	error	NOUN
fsr-3337	412	3	in	in	ADP
fsr-3337	412	4	tracking	track	VERB
fsr-3337	412	5	error	error	NOUN
fsr-3337	412	6	.	.	PUNCT
fsr-3337	413	1	the	the	DET
fsr-3337	413	2	journal	journal	PROPN
fsr-3337	413	3	of	of	ADP
fsr-3337	413	4	portfolio	portfolio	NOUN
fsr-3337	413	5	management	management	NOUN
fsr-3337	413	6	,	,	PUNCT
fsr-3337	413	7	20	20	NUM
fsr-3337	413	8	,	,	PUNCT
fsr-3337	413	9	27–32	27–32	NUM
fsr-3337	413	10	.	.	PUNCT
fsr-3337	413	11	roll	roll	PROPN
fsr-3337	413	12	,	,	PUNCT
fsr-3337	413	13	r.	r.	PROPN
fsr-3337	413	14	(	(	PUNCT
fsr-3337	413	15	1988	1988	NUM
fsr-3337	413	16	)	)	PUNCT
fsr-3337	413	17	.	.	PUNCT
fsr-3337	414	1	the	the	DET
fsr-3337	414	2	international	international	ADJ
fsr-3337	414	3	crash	crash	NOUN
fsr-3337	414	4	of	of	ADP
fsr-3337	414	5	october	october	PROPN
fsr-3337	414	6	(	(	PUNCT
fsr-3337	414	7	1987	1987	NUM
fsr-3337	414	8	)	)	PUNCT
fsr-3337	414	9	.	.	PUNCT
fsr-3337	415	1	financial	financial	ADJ
fsr-3337	415	2	analysts	analyst	NOUN
fsr-3337	415	3	journal	journal	NOUN
fsr-3337	415	4	,	,	PUNCT
fsr-3337	415	5	1988	1988	NUM
fsr-3337	415	6	,	,	PUNCT
fsr-3337	415	7	19–35	19–35	NUM
fsr-3337	415	8	.	.	PUNCT
fsr-3337	416	1	269s	269	NOUN
fsr-3337	416	2	.	.	PUNCT
fsr-3337	417	1	kanuri	kanuri	PROPN
fsr-3337	417	2	,	,	PUNCT
fsr-3337	417	3	r.w	r.w	PROPN
fsr-3337	417	4	.	.	PROPN
fsr-3337	417	5	mcleod	mcleod	PROPN
fsr-3337	417	6	/	/	SYM
fsr-3337	417	7	financial	financial	ADJ
fsr-3337	417	8	services	service	NOUN
fsr-3337	417	9	review	review	VERB
fsr-3337	417	10	24	24	NUM
fsr-3337	417	11	(	(	PUNCT
fsr-3337	417	12	2015	2015	NUM
fsr-3337	417	13	)	)	PUNCT
fsr-3337	418	1	249–270	249–270	NUM
fsr-3337	418	2	rompotis	rompotis	NOUN
fsr-3337	418	3	,	,	PUNCT
fsr-3337	418	4	g.	g.	PROPN
fsr-3337	418	5	g.	g.	PROPN
fsr-3337	418	6	(	(	PUNCT
fsr-3337	418	7	2009	2009	NUM
fsr-3337	418	8	)	)	PUNCT
fsr-3337	418	9	.	.	PUNCT
fsr-3337	419	1	interfamily	interfamily	ADV
fsr-3337	419	2	competition	competition	NOUN
fsr-3337	419	3	on	on	ADP
fsr-3337	419	4	index	index	NOUN
fsr-3337	419	5	tracking	tracking	NOUN
fsr-3337	419	6	:	:	PUNCT
fsr-3337	419	7	the	the	DET
fsr-3337	419	8	case	case	NOUN
fsr-3337	419	9	of	of	ADP
fsr-3337	419	10	the	the	DET
fsr-3337	419	11	vanguard	vanguard	PROPN
fsr-3337	419	12	etfs	etfs	PROPN
fsr-3337	419	13	and	and	CCONJ
fsr-3337	419	14	index	index	NOUN
fsr-3337	419	15	funds	fund	NOUN
fsr-3337	419	16	.	.	PUNCT
fsr-3337	420	1	journal	journal	PROPN
fsr-3337	420	2	of	of	ADP
fsr-3337	420	3	asset	asset	NOUN
fsr-3337	420	4	management	management	NOUN
fsr-3337	420	5	,	,	PUNCT
fsr-3337	420	6	10	10	NUM
fsr-3337	420	7	,	,	PUNCT
fsr-3337	420	8	263–278	263–278	NUM
fsr-3337	420	9	.	.	PUNCT
fsr-3337	421	1	rompotis	rompotis	NOUN
fsr-3337	421	2	,	,	PUNCT
fsr-3337	421	3	g.	g.	PROPN
fsr-3337	421	4	g.	g.	PROPN
fsr-3337	421	5	(	(	PUNCT
fsr-3337	421	6	2010	2010	NUM
fsr-3337	421	7	)	)	PUNCT
fsr-3337	421	8	.	.	PUNCT
fsr-3337	422	1	investing	invest	VERB
fsr-3337	422	2	overseas	overseas	ADV
fsr-3337	422	3	from	from	ADP
fsr-3337	422	4	home	home	NOUN
fsr-3337	422	5	:	:	PUNCT
fsr-3337	422	6	the	the	DET
fsr-3337	422	7	case	case	NOUN
fsr-3337	422	8	of	of	ADP
fsr-3337	422	9	asian	asian	ADJ
fsr-3337	422	10	ishares	ishare	NOUN
fsr-3337	422	11	.	.	PUNCT
fsr-3337	423	1	journal	journal	PROPN
fsr-3337	423	2	of	of	ADP
fsr-3337	423	3	asset	asset	NOUN
fsr-3337	423	4	management	management	NOUN
fsr-3337	423	5	,	,	PUNCT
fsr-3337	423	6	11	11	NUM
fsr-3337	423	7	,	,	PUNCT
fsr-3337	423	8	1–18	1–18	NUM
fsr-3337	423	9	.	.	PUNCT
fsr-3337	424	1	russell	russell	PROPN
fsr-3337	424	2	,	,	PUNCT
fsr-3337	424	3	j.	j.	PROPN
fsr-3337	424	4	w.	w.	PROPN
fsr-3337	424	5	(	(	PUNCT
fsr-3337	424	6	1998	1998	NUM
fsr-3337	424	7	)	)	PUNCT
fsr-3337	424	8	.	.	PUNCT
fsr-3337	425	1	the	the	DET
fsr-3337	425	2	international	international	ADJ
fsr-3337	425	3	diversification	diversification	NOUN
fsr-3337	425	4	fallacy	fallacy	NOUN
fsr-3337	425	5	of	of	ADP
fsr-3337	425	6	exchange	exchange	NOUN
fsr-3337	425	7	-	-	PUNCT
fsr-3337	425	8	listed	list	VERB
fsr-3337	425	9	securities	security	NOUN
fsr-3337	425	10	.	.	PUNCT
fsr-3337	426	1	financial	financial	ADJ
fsr-3337	426	2	services	services	PROPN
fsr-3337	426	3	review	review	PROPN
fsr-3337	426	4	,	,	PUNCT
fsr-3337	426	5	7	7	NUM
fsr-3337	426	6	,	,	PUNCT
fsr-3337	426	7	95–106	95–106	PROPN
fsr-3337	426	8	.	.	PUNCT
fsr-3337	427	1	shin	shin	PROPN
fsr-3337	427	2	,	,	PUNCT
fsr-3337	427	3	s.	s.	PROPN
fsr-3337	427	4	,	,	PUNCT
fsr-3337	427	5	&	&	CCONJ
fsr-3337	427	6	soydemir	soydemir	PROPN
fsr-3337	427	7	,	,	PUNCT
fsr-3337	427	8	g.	g.	PROPN
fsr-3337	427	9	(	(	PUNCT
fsr-3337	427	10	2010	2010	NUM
fsr-3337	427	11	)	)	PUNCT
fsr-3337	427	12	.	.	PUNCT
fsr-3337	428	1	exchange	exchange	NOUN
fsr-3337	428	2	-	-	PUNCT
fsr-3337	428	3	traded	trade	VERB
fsr-3337	428	4	funds	fund	NOUN
fsr-3337	428	5	,	,	PUNCT
fsr-3337	428	6	persistence	persistence	NOUN
fsr-3337	428	7	in	in	ADP
fsr-3337	428	8	tracking	track	VERB
fsr-3337	428	9	errors	error	NOUN
fsr-3337	428	10	and	and	CCONJ
fsr-3337	428	11	information	information	NOUN
fsr-3337	428	12	dissemination	dissemination	NOUN
fsr-3337	428	13	.	.	PUNCT
fsr-3337	429	1	journal	journal	NOUN
fsr-3337	429	2	of	of	ADP
fsr-3337	429	3	multinational	multinational	ADJ
fsr-3337	429	4	financial	financial	ADJ
fsr-3337	429	5	management	management	NOUN
fsr-3337	429	6	,	,	PUNCT
fsr-3337	429	7	20	20	NUM
fsr-3337	429	8	,	,	PUNCT
fsr-3337	429	9	214–234	214–234	NUM
fsr-3337	429	10	.	.	PUNCT
fsr-3337	430	1	stulz	stulz	ADJ
fsr-3337	430	2	,	,	PUNCT
fsr-3337	430	3	r.	r.	PROPN
fsr-3337	430	4	(	(	PUNCT
fsr-3337	430	5	1981	1981	NUM
fsr-3337	430	6	)	)	PUNCT
fsr-3337	430	7	.	.	PUNCT
fsr-3337	431	1	on	on	ADP
fsr-3337	431	2	the	the	DET
fsr-3337	431	3	effects	effect	NOUN
fsr-3337	431	4	of	of	ADP
fsr-3337	431	5	barriers	barrier	NOUN
fsr-3337	431	6	to	to	ADP
fsr-3337	431	7	international	international	ADJ
fsr-3337	431	8	investment	investment	NOUN
fsr-3337	431	9	.	.	PUNCT
fsr-3337	432	1	journal	journal	NOUN
fsr-3337	432	2	of	of	ADP
fsr-3337	432	3	finance,36	finance,36	NOUN
fsr-3337	432	4	,	,	PUNCT
fsr-3337	432	5	923–934	923–934	NUM
fsr-3337	432	6	.	.	PROPN
fsr-3337	432	7	woolridge	woolridge	PROPN
fsr-3337	432	8	,	,	PUNCT
fsr-3337	432	9	r.	r.	PROPN
fsr-3337	432	10	j.	j.	PROPN
fsr-3337	432	11	(	(	PUNCT
fsr-3337	432	12	2004	2004	NUM
fsr-3337	432	13	)	)	PUNCT
fsr-3337	432	14	.	.	PUNCT
fsr-3337	433	1	performance	performance	NOUN
fsr-3337	433	2	of	of	ADP
fsr-3337	433	3	stocks	stock	NOUN
fsr-3337	433	4	recommended	recommend	VERB
fsr-3337	433	5	by	by	ADP
fsr-3337	433	6	brokerages	brokerage	NOUN
fsr-3337	433	7	.	.	PUNCT
fsr-3337	434	1	the	the	DET
fsr-3337	434	2	journal	journal	NOUN
fsr-3337	434	3	of	of	ADP
fsr-3337	434	4	investing	investing	NOUN
fsr-3337	434	5	,	,	PUNCT
fsr-3337	434	6	13	13	NUM
fsr-3337	434	7	,	,	PUNCT
fsr-3337	434	8	23–34	23–34	NUM
fsr-3337	434	9	.	.	PUNCT
fsr-3337	434	10	270	270	NUM
fsr-3337	434	11	s.	s.	PROPN
fsr-3337	434	12	kanuri	kanuri	PROPN
fsr-3337	434	13	,	,	PUNCT
fsr-3337	434	14	r.w	r.w	PROPN
fsr-3337	434	15	.	.	PROPN
fsr-3337	434	16	mcleod	mcleod	PROPN
fsr-3337	434	17	/	/	SYM
fsr-3337	434	18	financial	financial	ADJ
fsr-3337	434	19	services	service	NOUN
fsr-3337	434	20	review	review	VERB
fsr-3337	434	21	24	24	NUM
fsr-3337	434	22	(	(	PUNCT
fsr-3337	434	23	2015	2015	NUM
fsr-3337	434	24	)	)	PUNCT
fsr-3337	434	25	249–270	249–270	NUM