id	sid	tid	token	lemma	pos
fsr-3919	1	1	pii	pii	PROPN
fsr-3919	1	2	:	:	PUNCT
fsr-3919	1	3	s1057	s1057	NOUN
fsr-3919	1	4	-	-	PUNCT
fsr-3919	1	5	0810(00)00064	0810(00)00064	NUM
fsr-3919	1	6	-	-	PUNCT
fsr-3919	1	7	0	0	NUM
fsr-3919	1	8	the	the	DET
fsr-3919	1	9	information	information	NOUN
fsr-3919	1	10	content	content	NOUN
fsr-3919	1	11	of	of	ADP
fsr-3919	1	12	closed	close	VERB
fsr-3919	1	13	-	-	PUNCT
fsr-3919	1	14	end	end	NOUN
fsr-3919	1	15	country	country	NOUN
fsr-3919	1	16	fund	fund	NOUN
fsr-3919	1	17	discounts	discount	NOUN
fsr-3919	1	18	john	john	PROPN
fsr-3919	1	19	e.	e.	PROPN
fsr-3919	1	20	richarda	richarda	PROPN
fsr-3919	1	21	,	,	PUNCT
fsr-3919	1	22	james	james	PROPN
fsr-3919	1	23	b.	b.	PROPN
fsr-3919	1	24	wigginsb	wigginsb	PROPN
fsr-3919	1	25	,	,	PUNCT
fsr-3919	1	26	*	*	PUNCT
fsr-3919	1	27	adepartment	adepartment	NOUN
fsr-3919	1	28	of	of	ADP
fsr-3919	1	29	finance	finance	NOUN
fsr-3919	1	30	and	and	CCONJ
fsr-3919	1	31	business	business	NOUN
fsr-3919	1	32	economics	economic	NOUN
fsr-3919	1	33	,	,	PUNCT
fsr-3919	1	34	wayne	wayne	PROPN
fsr-3919	1	35	state	state	PROPN
fsr-3919	1	36	university	university	PROPN
fsr-3919	1	37	,	,	PUNCT
fsr-3919	1	38	detroit	detroit	PROPN
fsr-3919	1	39	,	,	PUNCT
fsr-3919	1	40	mi	mi	PROPN
fsr-3919	1	41	,	,	PUNCT
fsr-3919	1	42	usa	usa	PROPN
fsr-3919	1	43	bdepartment	bdepartment	PROPN
fsr-3919	1	44	of	of	ADP
fsr-3919	1	45	finance	finance	PROPN
fsr-3919	1	46	,	,	PUNCT
fsr-3919	1	47	michigan	michigan	PROPN
fsr-3919	1	48	state	state	PROPN
fsr-3919	1	49	university	university	PROPN
fsr-3919	1	50	,	,	PUNCT
fsr-3919	1	51	east	east	PROPN
fsr-3919	1	52	lansing	lansing	PROPN
fsr-3919	1	53	,	,	PUNCT
fsr-3919	1	54	mi	mi	PROPN
fsr-3919	1	55	48824	48824	NUM
fsr-3919	1	56	,	,	PUNCT
fsr-3919	1	57	usa	usa	PROPN
fsr-3919	1	58	received	receive	VERB
fsr-3919	1	59	20	20	NUM
fsr-3919	1	60	july	july	PROPN
fsr-3919	1	61	1999	1999	NUM
fsr-3919	1	62	;	;	PUNCT
fsr-3919	1	63	received	receive	VERB
fsr-3919	1	64	in	in	ADP
fsr-3919	1	65	revised	revise	VERB
fsr-3919	1	66	form	form	NOUN
fsr-3919	1	67	25	25	NUM
fsr-3919	1	68	july	july	PROPN
fsr-3919	1	69	2000	2000	NUM
fsr-3919	1	70	;	;	PUNCT
fsr-3919	1	71	accepted	accept	VERB
fsr-3919	1	72	22	22	NUM
fsr-3919	1	73	august	august	PROPN
fsr-3919	1	74	2000	2000	NUM
fsr-3919	1	75	abstract	abstract	NOUN
fsr-3919	1	76	this	this	DET
fsr-3919	1	77	paper	paper	NOUN
fsr-3919	1	78	examines	examine	VERB
fsr-3919	1	79	whether	whether	SCONJ
fsr-3919	1	80	premiums	premium	NOUN
fsr-3919	1	81	and	and	CCONJ
fsr-3919	1	82	discounts	discount	NOUN
fsr-3919	1	83	on	on	ADP
fsr-3919	1	84	closed	closed	ADJ
fsr-3919	1	85	-	-	PUNCT
fsr-3919	1	86	end	end	NOUN
fsr-3919	1	87	country	country	NOUN
fsr-3919	1	88	mutual	mutual	ADJ
fsr-3919	1	89	funds	fund	NOUN
fsr-3919	1	90	(	(	PUNCT
fsr-3919	1	91	cecfs	cecfs	NOUN
fsr-3919	1	92	)	)	PUNCT
fsr-3919	1	93	contain	contain	VERB
fsr-3919	1	94	useful	useful	ADJ
fsr-3919	1	95	information	information	NOUN
fsr-3919	1	96	about	about	ADP
fsr-3919	1	97	future	future	ADJ
fsr-3919	1	98	returns	return	NOUN
fsr-3919	1	99	.	.	PUNCT
fsr-3919	2	1	we	we	PRON
fsr-3919	2	2	find	find	VERB
fsr-3919	2	3	that	that	SCONJ
fsr-3919	2	4	higher	high	ADJ
fsr-3919	2	5	cecf	cecf	NOUN
fsr-3919	2	6	premiums	premium	NOUN
fsr-3919	2	7	are	be	AUX
fsr-3919	2	8	associated	associate	VERB
fsr-3919	2	9	both	both	CCONJ
fsr-3919	2	10	with	with	ADP
fsr-3919	2	11	higher	high	ADJ
fsr-3919	2	12	future	future	ADJ
fsr-3919	2	13	returns	return	NOUN
fsr-3919	2	14	on	on	ADP
fsr-3919	2	15	the	the	DET
fsr-3919	2	16	relevant	relevant	ADJ
fsr-3919	2	17	foreign	foreign	ADJ
fsr-3919	2	18	market	market	NOUN
fsr-3919	2	19	index	index	NOUN
fsr-3919	2	20	and	and	CCONJ
fsr-3919	2	21	with	with	ADP
fsr-3919	2	22	higher	high	ADJ
fsr-3919	2	23	future	future	ADJ
fsr-3919	2	24	nav	nav	NOUN
fsr-3919	2	25	returns	return	NOUN
fsr-3919	2	26	after	after	ADP
fsr-3919	2	27	controlling	control	VERB
fsr-3919	2	28	for	for	ADP
fsr-3919	2	29	the	the	DET
fsr-3919	2	30	foreign	foreign	ADJ
fsr-3919	2	31	market	market	NOUN
fsr-3919	2	32	return	return	NOUN
fsr-3919	2	33	.	.	PUNCT
fsr-3919	3	1	cecfs	cecfs	NOUN
fsr-3919	3	2	trading	trading	NOUN
fsr-3919	3	3	at	at	ADP
fsr-3919	3	4	large	large	ADJ
fsr-3919	3	5	discounts	discount	NOUN
fsr-3919	3	6	are	be	AUX
fsr-3919	3	7	not	not	PART
fsr-3919	3	8	necessarily	necessarily	ADV
fsr-3919	3	9	bargains	bargain	NOUN
fsr-3919	3	10	,	,	PUNCT
fsr-3919	3	11	because	because	SCONJ
fsr-3919	3	12	their	their	PRON
fsr-3919	3	13	future	future	ADJ
fsr-3919	3	14	nav	nav	NOUN
fsr-3919	3	15	performance	performance	NOUN
fsr-3919	3	16	can	can	AUX
fsr-3919	3	17	be	be	AUX
fsr-3919	3	18	expected	expect	VERB
fsr-3919	3	19	to	to	PART
fsr-3919	3	20	be	be	AUX
fsr-3919	3	21	relatively	relatively	ADV
fsr-3919	3	22	poor	poor	ADJ
fsr-3919	3	23	.	.	PUNCT
fsr-3919	4	1	©	©	PROPN
fsr-3919	4	2	2000	2000	NUM
fsr-3919	4	3	elsevier	elsevier	PROPN
fsr-3919	4	4	science	science	PROPN
fsr-3919	4	5	inc	inc	PROPN
fsr-3919	4	6	.	.	PUNCT
fsr-3919	5	1	all	all	DET
fsr-3919	5	2	rights	right	NOUN
fsr-3919	5	3	reserved	reserve	VERB
fsr-3919	5	4	.	.	PUNCT
fsr-3919	6	1	jel	jel	PROPN
fsr-3919	6	2	classification	classification	PROPN
fsr-3919	6	3	:	:	PUNCT
fsr-3919	6	4	g14	g14	PROPN
fsr-3919	6	5	;	;	PUNCT
fsr-3919	6	6	g15	g15	PROPN
fsr-3919	6	7	;	;	PUNCT
fsr-3919	6	8	g23	g23	NOUN
fsr-3919	6	9	keywords	keyword	NOUN
fsr-3919	6	10	:	:	PUNCT
fsr-3919	6	11	closed	close	VERB
fsr-3919	6	12	-	-	PUNCT
fsr-3919	6	13	end	end	NOUN
fsr-3919	6	14	fund	fund	NOUN
fsr-3919	6	15	;	;	PUNCT
fsr-3919	6	16	discount	discount	NOUN
fsr-3919	6	17	;	;	PUNCT
fsr-3919	6	18	investor	investor	NOUN
fsr-3919	6	19	sentiment	sentiment	NOUN
fsr-3919	6	20	1	1	NUM
fsr-3919	6	21	.	.	PUNCT
fsr-3919	6	22	introduction	introduction	NOUN
fsr-3919	6	23	both	both	CCONJ
fsr-3919	6	24	open	open	ADJ
fsr-3919	6	25	-	-	PUNCT
fsr-3919	6	26	end	end	NOUN
fsr-3919	6	27	and	and	CCONJ
fsr-3919	6	28	closed	closed	ADJ
fsr-3919	6	29	-	-	PUNCT
fsr-3919	6	30	end	end	NOUN
fsr-3919	6	31	mutual	mutual	ADJ
fsr-3919	6	32	funds	fund	NOUN
fsr-3919	6	33	pool	pool	NOUN
fsr-3919	6	34	shareholders	shareholder	NOUN
fsr-3919	6	35	’	’	PART
fsr-3919	6	36	money	money	NOUN
fsr-3919	6	37	and	and	CCONJ
fsr-3919	6	38	invest	invest	VERB
fsr-3919	6	39	in	in	ADP
fsr-3919	6	40	financial	financial	ADJ
fsr-3919	6	41	securities	security	NOUN
fsr-3919	6	42	.	.	PUNCT
fsr-3919	7	1	but	but	CCONJ
fsr-3919	7	2	while	while	SCONJ
fsr-3919	7	3	open	open	ADJ
fsr-3919	7	4	-	-	PUNCT
fsr-3919	7	5	end	end	NOUN
fsr-3919	7	6	mutual	mutual	ADJ
fsr-3919	7	7	funds	fund	NOUN
fsr-3919	7	8	stand	stand	VERB
fsr-3919	7	9	ready	ready	ADJ
fsr-3919	7	10	to	to	PART
fsr-3919	7	11	issue	issue	VERB
fsr-3919	7	12	or	or	CCONJ
fsr-3919	7	13	redeem	redeem	VERB
fsr-3919	7	14	shares	share	NOUN
fsr-3919	7	15	at	at	ADP
fsr-3919	7	16	their	their	PRON
fsr-3919	7	17	net	net	ADJ
fsr-3919	7	18	asset	asset	NOUN
fsr-3919	7	19	value	value	NOUN
fsr-3919	7	20	(	(	PUNCT
fsr-3919	7	21	nav	nav	NOUN
fsr-3919	7	22	)	)	PUNCT
fsr-3919	7	23	at	at	ADP
fsr-3919	7	24	any	any	DET
fsr-3919	7	25	time	time	NOUN
fsr-3919	7	26	,	,	PUNCT
fsr-3919	7	27	closed	closed	ADJ
fsr-3919	7	28	-	-	PUNCT
fsr-3919	7	29	end	end	NOUN
fsr-3919	7	30	funds	fund	NOUN
fsr-3919	7	31	do	do	VERB
fsr-3919	7	32	not	not	PART
fsr-3919	7	33	.	.	PUNCT
fsr-3919	8	1	closed	close	VERB
fsr-3919	8	2	-	-	PUNCT
fsr-3919	8	3	end	end	NOUN
fsr-3919	8	4	fund	fund	NOUN
fsr-3919	8	5	shares	share	NOUN
fsr-3919	8	6	trade	trade	VERB
fsr-3919	8	7	on	on	ADP
fsr-3919	8	8	an	an	DET
fsr-3919	8	9	exchange	exchange	NOUN
fsr-3919	8	10	like	like	ADP
fsr-3919	8	11	an	an	DET
fsr-3919	8	12	individual	individual	ADJ
fsr-3919	8	13	stock	stock	NOUN
fsr-3919	8	14	,	,	PUNCT
fsr-3919	8	15	and	and	CCONJ
fsr-3919	8	16	the	the	DET
fsr-3919	8	17	share	share	NOUN
fsr-3919	8	18	price	price	NOUN
fsr-3919	8	19	can	can	AUX
fsr-3919	8	20	fluctuate	fluctuate	VERB
fsr-3919	8	21	above	above	ADP
fsr-3919	8	22	or	or	CCONJ
fsr-3919	8	23	below	below	ADP
fsr-3919	8	24	nav	nav	NOUN
fsr-3919	8	25	.	.	PUNCT
fsr-3919	9	1	when	when	SCONJ
fsr-3919	9	2	the	the	DET
fsr-3919	9	3	share	share	NOUN
fsr-3919	9	4	price	price	NOUN
fsr-3919	9	5	is	be	AUX
fsr-3919	9	6	higher	high	ADJ
fsr-3919	9	7	(	(	PUNCT
fsr-3919	9	8	lower	low	ADJ
fsr-3919	9	9	)	)	PUNCT
fsr-3919	9	10	than	than	ADP
fsr-3919	9	11	nav	nav	PROPN
fsr-3919	9	12	,	,	PUNCT
fsr-3919	9	13	the	the	DET
fsr-3919	9	14	fund	fund	NOUN
fsr-3919	9	15	is	be	AUX
fsr-3919	9	16	said	say	VERB
fsr-3919	9	17	to	to	PART
fsr-3919	9	18	trade	trade	VERB
fsr-3919	9	19	at	at	ADP
fsr-3919	9	20	a	a	DET
fsr-3919	9	21	premium	premium	NOUN
fsr-3919	9	22	(	(	PUNCT
fsr-3919	9	23	discount	discount	NOUN
fsr-3919	9	24	)	)	PUNCT
fsr-3919	9	25	.	.	PUNCT
fsr-3919	10	1	the	the	DET
fsr-3919	10	2	“	"	PUNCT
fsr-3919	10	3	managerial	managerial	ADJ
fsr-3919	10	4	performance	performance	NOUN
fsr-3919	10	5	”	"	PUNCT
fsr-3919	10	6	theory	theory	NOUN
fsr-3919	10	7	and	and	CCONJ
fsr-3919	10	8	the	the	DET
fsr-3919	10	9	“	"	PUNCT
fsr-3919	10	10	investor	investor	NOUN
fsr-3919	10	11	sentiment	sentiment	NOUN
fsr-3919	10	12	”	"	PUNCT
fsr-3919	10	13	theory	theory	NOUN
fsr-3919	10	14	provide	provide	VERB
fsr-3919	10	15	two	two	NUM
fsr-3919	10	16	*	*	PUNCT
fsr-3919	10	17	corresponding	correspond	VERB
fsr-3919	10	18	author	author	NOUN
fsr-3919	10	19	.	.	PUNCT
fsr-3919	11	1	tel.:11	tel.:11	PROPN
fsr-3919	11	2	-	-	PUNCT
fsr-3919	11	3	517	517	NUM
fsr-3919	11	4	-	-	PUNCT
fsr-3919	11	5	353	353	NUM
fsr-3919	11	6	-	-	PUNCT
fsr-3919	11	7	2256	2256	NUM
fsr-3919	11	8	;	;	PUNCT
fsr-3919	11	9	fax:11	fax:11	NOUN
fsr-3919	11	10	-	-	PUNCT
fsr-3919	11	11	517	517	NUM
fsr-3919	11	12	-	-	PUNCT
fsr-3919	11	13	432	432	NUM
fsr-3919	11	14	-	-	SYM
fsr-3919	11	15	1080	1080	NUM
fsr-3919	11	16	.	.	PUNCT
fsr-3919	12	1	e	e	X
fsr-3919	12	2	-	-	NOUN
fsr-3919	12	3	mail	mail	NOUN
fsr-3919	12	4	address:jwiggins@msu.edu	address:jwiggins@msu.edu	PROPN
fsr-3919	12	5	(	(	PUNCT
fsr-3919	12	6	j.b	j.b	PROPN
fsr-3919	12	7	.	.	PROPN
fsr-3919	12	8	wiggins	wiggins	PROPN
fsr-3919	12	9	)	)	PUNCT
fsr-3919	12	10	.	.	PUNCT
fsr-3919	13	1	financial	financial	ADJ
fsr-3919	13	2	services	service	NOUN
fsr-3919	13	3	review	review	VERB
fsr-3919	13	4	9	9	NUM
fsr-3919	13	5	(	(	PUNCT
fsr-3919	13	6	2000	2000	NUM
fsr-3919	13	7	)	)	PUNCT
fsr-3919	14	1	171–181	171–181	NUM
fsr-3919	14	2	1057	1057	NUM
fsr-3919	14	3	-	-	SYM
fsr-3919	14	4	0810/00/$	0810/00/$	NUM
fsr-3919	14	5	–	–	PUNCT
fsr-3919	14	6	see	see	VERB
fsr-3919	14	7	front	front	ADJ
fsr-3919	14	8	matter	matter	NOUN
fsr-3919	14	9	©	©	PROPN
fsr-3919	14	10	2000	2000	NUM
fsr-3919	14	11	elsevier	elsevier	PROPN
fsr-3919	14	12	science	science	PROPN
fsr-3919	14	13	inc	inc	PROPN
fsr-3919	14	14	.	.	PUNCT
fsr-3919	15	1	all	all	DET
fsr-3919	15	2	rights	right	NOUN
fsr-3919	15	3	reserved	reserve	VERB
fsr-3919	15	4	.	.	PUNCT
fsr-3919	16	1	pii	pii	NOUN
fsr-3919	16	2	:	:	PUNCT
fsr-3919	16	3	s1057	s1057	NOUN
fsr-3919	16	4	-	-	PUNCT
fsr-3919	16	5	0810(00)00064	0810(00)00064	NUM
fsr-3919	16	6	-	-	PUNCT
fsr-3919	16	7	0	0	NUM
fsr-3919	16	8	rationales	rationale	NOUN
fsr-3919	16	9	for	for	ADP
fsr-3919	16	10	variations	variation	NOUN
fsr-3919	16	11	in	in	ADP
fsr-3919	16	12	closed	closed	ADJ
fsr-3919	16	13	-	-	PUNCT
fsr-3919	16	14	end	end	NOUN
fsr-3919	16	15	fund	fund	NOUN
fsr-3919	16	16	premiums	premium	NOUN
fsr-3919	16	17	across	across	ADP
fsr-3919	16	18	funds	fund	NOUN
fsr-3919	16	19	and	and	CCONJ
fsr-3919	16	20	over	over	ADP
fsr-3919	16	21	time	time	NOUN
fsr-3919	16	22	.	.	PUNCT
fsr-3919	17	1	the	the	DET
fsr-3919	17	2	managerial	managerial	ADJ
fsr-3919	17	3	performance	performance	NOUN
fsr-3919	17	4	theory	theory	NOUN
fsr-3919	17	5	(	(	PUNCT
fsr-3919	17	6	malkiel	malkiel	PROPN
fsr-3919	17	7	,	,	PUNCT
fsr-3919	17	8	1977	1977	NUM
fsr-3919	17	9	)	)	PUNCT
fsr-3919	17	10	hypothesizes	hypothesize	VERB
fsr-3919	17	11	that	that	SCONJ
fsr-3919	17	12	premiums	premium	NOUN
fsr-3919	17	13	vary	vary	VERB
fsr-3919	17	14	with	with	ADP
fsr-3919	17	15	the	the	DET
fsr-3919	17	16	skills	skill	NOUN
fsr-3919	17	17	of	of	ADP
fsr-3919	17	18	fund	fund	NOUN
fsr-3919	17	19	managers	manager	NOUN
fsr-3919	17	20	;	;	PUNCT
fsr-3919	17	21	funds	fund	NOUN
fsr-3919	17	22	that	that	PRON
fsr-3919	17	23	charge	charge	VERB
fsr-3919	17	24	high	high	ADJ
fsr-3919	17	25	expenses	expense	NOUN
fsr-3919	17	26	or	or	CCONJ
fsr-3919	17	27	frequently	frequently	ADV
fsr-3919	17	28	select	select	ADJ
fsr-3919	17	29	poorlyperforming	poorlyperforme	VERB
fsr-3919	17	30	stocks	stock	NOUN
fsr-3919	17	31	will	will	AUX
fsr-3919	17	32	sell	sell	VERB
fsr-3919	17	33	at	at	ADP
fsr-3919	17	34	a	a	DET
fsr-3919	17	35	large	large	ADJ
fsr-3919	17	36	discount	discount	NOUN
fsr-3919	17	37	from	from	ADP
fsr-3919	17	38	nav	nav	PROPN
fsr-3919	17	39	.	.	PUNCT
fsr-3919	18	1	the	the	DET
fsr-3919	18	2	investor	investor	NOUN
fsr-3919	18	3	sentiment	sentiment	NOUN
fsr-3919	18	4	theory	theory	NOUN
fsr-3919	18	5	(	(	PUNCT
fsr-3919	18	6	zweig	zweig	PROPN
fsr-3919	18	7	,	,	PUNCT
fsr-3919	18	8	1973	1973	NUM
fsr-3919	18	9	;	;	PUNCT
fsr-3919	18	10	lee	lee	PROPN
fsr-3919	18	11	,	,	PUNCT
fsr-3919	18	12	shleifer	shleifer	PROPN
fsr-3919	18	13	&	&	CCONJ
fsr-3919	18	14	thaler	thaler	PROPN
fsr-3919	18	15	,	,	PUNCT
fsr-3919	18	16	1991	1991	NUM
fsr-3919	18	17	)	)	PUNCT
fsr-3919	18	18	posits	posit	NOUN
fsr-3919	18	19	that	that	PRON
fsr-3919	18	20	changes	change	VERB
fsr-3919	18	21	in	in	ADP
fsr-3919	18	22	the	the	DET
fsr-3919	18	23	(	(	PUNCT
fsr-3919	18	24	possibly	possibly	ADV
fsr-3919	18	25	irrational	irrational	ADJ
fsr-3919	18	26	)	)	PUNCT
fsr-3919	18	27	expectations	expectation	NOUN
fsr-3919	18	28	of	of	ADP
fsr-3919	18	29	individual	individual	ADJ
fsr-3919	18	30	investors	investor	NOUN
fsr-3919	18	31	cause	cause	VERB
fsr-3919	18	32	the	the	DET
fsr-3919	18	33	premium	premium	NOUN
fsr-3919	18	34	to	to	PART
fsr-3919	18	35	fluctuate	fluctuate	VERB
fsr-3919	18	36	over	over	ADP
fsr-3919	18	37	time	time	NOUN
fsr-3919	18	38	.	.	PUNCT
fsr-3919	19	1	when	when	SCONJ
fsr-3919	19	2	individual	individual	ADJ
fsr-3919	19	3	investors	investor	NOUN
fsr-3919	19	4	become	become	VERB
fsr-3919	19	5	more	more	ADV
fsr-3919	19	6	optimistic	optimistic	ADJ
fsr-3919	19	7	about	about	ADP
fsr-3919	19	8	the	the	DET
fsr-3919	19	9	future	future	ADJ
fsr-3919	19	10	performance	performance	NOUN
fsr-3919	19	11	of	of	ADP
fsr-3919	19	12	the	the	DET
fsr-3919	19	13	underlying	underlie	VERB
fsr-3919	19	14	investments	investment	NOUN
fsr-3919	19	15	of	of	ADP
fsr-3919	19	16	the	the	DET
fsr-3919	19	17	fund	fund	NOUN
fsr-3919	19	18	,	,	PUNCT
fsr-3919	19	19	the	the	DET
fsr-3919	19	20	premium	premium	NOUN
fsr-3919	19	21	increases	increase	NOUN
fsr-3919	19	22	.	.	PUNCT
fsr-3919	20	1	one	one	NUM
fsr-3919	20	2	closed	close	VERB
fsr-3919	20	3	-	-	PUNCT
fsr-3919	20	4	end	end	NOUN
fsr-3919	20	5	fund	fund	NOUN
fsr-3919	20	6	category	category	NOUN
fsr-3919	20	7	of	of	ADP
fsr-3919	20	8	particular	particular	ADJ
fsr-3919	20	9	interest	interest	NOUN
fsr-3919	20	10	is	be	AUX
fsr-3919	20	11	closed	closed	ADJ
fsr-3919	20	12	-	-	PUNCT
fsr-3919	20	13	end	end	NOUN
fsr-3919	20	14	country	country	NOUN
fsr-3919	20	15	funds	fund	NOUN
fsr-3919	20	16	(	(	PUNCT
fsr-3919	20	17	cecfs	cecfs	NOUN
fsr-3919	20	18	)	)	PUNCT
fsr-3919	20	19	.	.	PUNCT
fsr-3919	21	1	cecfs	cecfs	PROPN
fsr-3919	21	2	invest	invest	VERB
fsr-3919	21	3	exclusively	exclusively	ADV
fsr-3919	21	4	in	in	ADP
fsr-3919	21	5	a	a	DET
fsr-3919	21	6	single	single	ADJ
fsr-3919	21	7	foreign	foreign	ADJ
fsr-3919	21	8	stock	stock	NOUN
fsr-3919	21	9	market	market	NOUN
fsr-3919	21	10	.	.	PUNCT
fsr-3919	22	1	cecfs	cecfs	PROPN
fsr-3919	22	2	are	be	AUX
fsr-3919	22	3	intriguing	intriguing	ADJ
fsr-3919	22	4	because	because	SCONJ
fsr-3919	22	5	fund	fund	NOUN
fsr-3919	22	6	shares	share	NOUN
fsr-3919	22	7	and	and	CCONJ
fsr-3919	22	8	underlying	underlie	VERB
fsr-3919	22	9	assets	asset	NOUN
fsr-3919	22	10	trade	trade	NOUN
fsr-3919	22	11	in	in	ADP
fsr-3919	22	12	different	different	ADJ
fsr-3919	22	13	markets	market	NOUN
fsr-3919	22	14	.	.	PUNCT
fsr-3919	23	1	since	since	SCONJ
fsr-3919	23	2	few	few	ADJ
fsr-3919	23	3	open	open	ADJ
fsr-3919	23	4	-	-	PUNCT
fsr-3919	23	5	end	end	NOUN
fsr-3919	23	6	funds	fund	NOUN
fsr-3919	23	7	specialize	specialize	VERB
fsr-3919	23	8	in	in	ADP
fsr-3919	23	9	a	a	DET
fsr-3919	23	10	single	single	ADJ
fsr-3919	23	11	foreign	foreign	ADJ
fsr-3919	23	12	market	market	NOUN
fsr-3919	23	13	(	(	PUNCT
fsr-3919	23	14	six	six	NUM
fsr-3919	23	15	fidelity	fidelity	NOUN
fsr-3919	23	16	funds	fund	NOUN
fsr-3919	23	17	are	be	AUX
fsr-3919	23	18	the	the	DET
fsr-3919	23	19	major	major	ADJ
fsr-3919	23	20	exception	exception	NOUN
fsr-3919	23	21	)	)	PUNCT
fsr-3919	23	22	,	,	PUNCT
fsr-3919	23	23	investing	invest	VERB
fsr-3919	23	24	in	in	ADP
fsr-3919	23	25	a	a	DET
fsr-3919	23	26	cecf	cecf	NOUN
fsr-3919	23	27	is	be	AUX
fsr-3919	23	28	often	often	ADV
fsr-3919	23	29	the	the	DET
fsr-3919	23	30	only	only	ADJ
fsr-3919	23	31	way	way	NOUN
fsr-3919	23	32	for	for	SCONJ
fsr-3919	23	33	an	an	DET
fsr-3919	23	34	individual	individual	NOUN
fsr-3919	23	35	to	to	PART
fsr-3919	23	36	purchase	purchase	VERB
fsr-3919	23	37	a	a	DET
fsr-3919	23	38	well	well	ADV
fsr-3919	23	39	-	-	PUNCT
fsr-3919	23	40	diversified	diversify	VERB
fsr-3919	23	41	portfolio	portfolio	NOUN
fsr-3919	23	42	of	of	ADP
fsr-3919	23	43	stocks	stock	NOUN
fsr-3919	23	44	in	in	ADP
fsr-3919	23	45	a	a	DET
fsr-3919	23	46	specific	specific	ADJ
fsr-3919	23	47	foreign	foreign	ADJ
fsr-3919	23	48	country	country	NOUN
fsr-3919	23	49	.	.	PUNCT
fsr-3919	24	1	thus	thus	ADV
fsr-3919	24	2	,	,	PUNCT
fsr-3919	24	3	cecf	cecf	NOUN
fsr-3919	24	4	discounts	discount	NOUN
fsr-3919	24	5	provide	provide	VERB
fsr-3919	24	6	a	a	DET
fsr-3919	24	7	unique	unique	ADJ
fsr-3919	24	8	gauge	gauge	NOUN
fsr-3919	24	9	of	of	ADP
fsr-3919	24	10	u.s	u.s	PROPN
fsr-3919	24	11	.	.	PROPN
fsr-3919	24	12	investors	investor	NOUN
fsr-3919	24	13	’	’	PART
fsr-3919	24	14	valuation	valuation	NOUN
fsr-3919	24	15	of	of	ADP
fsr-3919	24	16	the	the	DET
fsr-3919	24	17	stock	stock	NOUN
fsr-3919	24	18	market	market	NOUN
fsr-3919	24	19	in	in	ADP
fsr-3919	24	20	the	the	DET
fsr-3919	24	21	country	country	NOUN
fsr-3919	24	22	.	.	PUNCT
fsr-3919	25	1	this	this	DET
fsr-3919	25	2	paper	paper	NOUN
fsr-3919	25	3	empirically	empirically	ADV
fsr-3919	25	4	examines	examine	VERB
fsr-3919	25	5	the	the	DET
fsr-3919	25	6	information	information	NOUN
fsr-3919	25	7	content	content	NOUN
fsr-3919	25	8	of	of	ADP
fsr-3919	25	9	cecf	cecf	PROPN
fsr-3919	25	10	discounts	discount	NOUN
fsr-3919	25	11	for	for	ADP
fsr-3919	25	12	future	future	ADJ
fsr-3919	25	13	returns	return	NOUN
fsr-3919	25	14	,	,	PUNCT
fsr-3919	25	15	testing	testing	NOUN
fsr-3919	25	16	elements	element	NOUN
fsr-3919	25	17	of	of	ADP
fsr-3919	25	18	both	both	CCONJ
fsr-3919	25	19	the	the	DET
fsr-3919	25	20	managerial	managerial	ADJ
fsr-3919	25	21	performance	performance	NOUN
fsr-3919	25	22	and	and	CCONJ
fsr-3919	25	23	investor	investor	NOUN
fsr-3919	25	24	sentiment	sentiment	NOUN
fsr-3919	25	25	theories	theorie	VERB
fsr-3919	25	26	.	.	PUNCT
fsr-3919	26	1	first	first	ADV
fsr-3919	26	2	,	,	PUNCT
fsr-3919	26	3	we	we	PRON
fsr-3919	26	4	test	test	VERB
fsr-3919	26	5	whether	whether	SCONJ
fsr-3919	26	6	the	the	DET
fsr-3919	26	7	discount	discount	NOUN
fsr-3919	26	8	forecasts	forecast	VERB
fsr-3919	26	9	the	the	DET
fsr-3919	26	10	fund	fund	NOUN
fsr-3919	26	11	’s	’s	PART
fsr-3919	26	12	future	future	ADJ
fsr-3919	26	13	nav	nav	NOUN
fsr-3919	26	14	performance	performance	NOUN
fsr-3919	26	15	,	,	PUNCT
fsr-3919	26	16	controlling	control	VERB
fsr-3919	26	17	for	for	ADP
fsr-3919	26	18	the	the	DET
fsr-3919	26	19	return	return	NOUN
fsr-3919	26	20	on	on	ADP
fsr-3919	26	21	the	the	DET
fsr-3919	26	22	foreign	foreign	ADJ
fsr-3919	26	23	market	market	NOUN
fsr-3919	26	24	and	and	CCONJ
fsr-3919	26	25	exchange	exchange	NOUN
fsr-3919	26	26	rate	rate	NOUN
fsr-3919	26	27	risk	risk	NOUN
fsr-3919	26	28	.	.	PUNCT
fsr-3919	27	1	in	in	ADP
fsr-3919	27	2	theory	theory	NOUN
fsr-3919	27	3	,	,	PUNCT
fsr-3919	27	4	if	if	SCONJ
fsr-3919	27	5	investors	investor	NOUN
fsr-3919	27	6	believe	believe	VERB
fsr-3919	27	7	that	that	SCONJ
fsr-3919	27	8	a	a	DET
fsr-3919	27	9	particular	particular	ADJ
fsr-3919	27	10	fund	fund	NOUN
fsr-3919	27	11	manager	manager	NOUN
fsr-3919	27	12	has	have	VERB
fsr-3919	27	13	superior	superior	ADJ
fsr-3919	27	14	stock	stock	NOUN
fsr-3919	27	15	-	-	PUNCT
fsr-3919	27	16	picking	pick	VERB
fsr-3919	27	17	ability	ability	NOUN
fsr-3919	27	18	,	,	PUNCT
fsr-3919	27	19	they	they	PRON
fsr-3919	27	20	will	will	AUX
fsr-3919	27	21	pay	pay	VERB
fsr-3919	27	22	a	a	DET
fsr-3919	27	23	high	high	ADJ
fsr-3919	27	24	price	price	NOUN
fsr-3919	27	25	for	for	ADP
fsr-3919	27	26	that	that	DET
fsr-3919	27	27	fund	fund	NOUN
fsr-3919	27	28	relative	relative	ADJ
fsr-3919	27	29	to	to	ADP
fsr-3919	27	30	nav	nav	PROPN
fsr-3919	27	31	.	.	PUNCT
fsr-3919	28	1	discounts	discount	NOUN
fsr-3919	28	2	should	should	AUX
fsr-3919	28	3	be	be	AUX
fsr-3919	28	4	larger	large	ADJ
fsr-3919	28	5	for	for	ADP
fsr-3919	28	6	funds	fund	NOUN
fsr-3919	28	7	with	with	ADP
fsr-3919	28	8	inferior	inferior	ADJ
fsr-3919	28	9	managers	manager	NOUN
fsr-3919	28	10	.	.	PUNCT
fsr-3919	29	1	likewise	likewise	ADV
fsr-3919	29	2	,	,	PUNCT
fsr-3919	29	3	if	if	SCONJ
fsr-3919	29	4	investors	investor	NOUN
fsr-3919	29	5	believe	believe	VERB
fsr-3919	29	6	a	a	DET
fsr-3919	29	7	fund	fund	NOUN
fsr-3919	29	8	incurs	incur	VERB
fsr-3919	29	9	excessive	excessive	ADJ
fsr-3919	29	10	operating	operating	NOUN
fsr-3919	29	11	expenses	expense	NOUN
fsr-3919	29	12	or	or	CCONJ
fsr-3919	29	13	transaction	transaction	NOUN
fsr-3919	29	14	costs	cost	NOUN
fsr-3919	29	15	,	,	PUNCT
fsr-3919	29	16	the	the	DET
fsr-3919	29	17	discount	discount	NOUN
fsr-3919	29	18	will	will	AUX
fsr-3919	29	19	be	be	AUX
fsr-3919	29	20	large	large	ADJ
fsr-3919	29	21	,	,	PUNCT
fsr-3919	29	22	because	because	SCONJ
fsr-3919	29	23	high	high	ADJ
fsr-3919	29	24	expenses	expense	NOUN
fsr-3919	29	25	will	will	AUX
fsr-3919	29	26	likely	likely	ADV
fsr-3919	29	27	translate	translate	VERB
fsr-3919	29	28	into	into	ADP
fsr-3919	29	29	relatively	relatively	ADV
fsr-3919	29	30	low	low	ADJ
fsr-3919	29	31	nav	nav	NOUN
fsr-3919	29	32	returns	return	NOUN
fsr-3919	29	33	.	.	PUNCT
fsr-3919	30	1	our	our	PRON
fsr-3919	30	2	managerial	managerial	ADJ
fsr-3919	30	3	performance	performance	NOUN
fsr-3919	30	4	test	test	NOUN
fsr-3919	30	5	updates	update	VERB
fsr-3919	30	6	previous	previous	ADJ
fsr-3919	30	7	research	research	NOUN
fsr-3919	30	8	of	of	ADP
fsr-3919	30	9	hardouvelis	hardouvelis	PROPN
fsr-3919	30	10	,	,	PUNCT
fsr-3919	30	11	la	la	ADJ
fsr-3919	30	12	porta	porta	NOUN
fsr-3919	30	13	and	and	CCONJ
fsr-3919	30	14	wizman	wizman	NOUN
fsr-3919	30	15	(	(	PUNCT
fsr-3919	30	16	1994	1994	NUM
fsr-3919	30	17	)	)	PUNCT
fsr-3919	30	18	.	.	PUNCT
fsr-3919	31	1	we	we	PRON
fsr-3919	31	2	also	also	ADV
fsr-3919	31	3	test	test	VERB
fsr-3919	31	4	whether	whether	SCONJ
fsr-3919	31	5	the	the	DET
fsr-3919	31	6	cecf	cecf	PROPN
fsr-3919	31	7	discount	discount	NOUN
fsr-3919	31	8	forecasts	forecast	VERB
fsr-3919	31	9	the	the	DET
fsr-3919	31	10	future	future	ADJ
fsr-3919	31	11	return	return	NOUN
fsr-3919	31	12	on	on	ADP
fsr-3919	31	13	the	the	DET
fsr-3919	31	14	market	market	NOUN
fsr-3919	31	15	index	index	NOUN
fsr-3919	31	16	of	of	ADP
fsr-3919	31	17	the	the	DET
fsr-3919	31	18	foreign	foreign	ADJ
fsr-3919	31	19	country	country	NOUN
fsr-3919	31	20	.	.	PUNCT
fsr-3919	32	1	since	since	SCONJ
fsr-3919	32	2	cecf	cecf	PROPN
fsr-3919	32	3	shares	share	NOUN
fsr-3919	32	4	trade	trade	VERB
fsr-3919	32	5	in	in	ADP
fsr-3919	32	6	the	the	DET
fsr-3919	32	7	u.s	u.s	PROPN
fsr-3919	32	8	.	.	PROPN
fsr-3919	32	9	market	market	NOUN
fsr-3919	32	10	but	but	CCONJ
fsr-3919	32	11	the	the	DET
fsr-3919	32	12	underlying	underlie	VERB
fsr-3919	32	13	fund	fund	NOUN
fsr-3919	32	14	assets	asset	NOUN
fsr-3919	32	15	trade	trade	VERB
fsr-3919	32	16	in	in	ADP
fsr-3919	32	17	a	a	DET
fsr-3919	32	18	much	much	ADV
fsr-3919	32	19	less	less	ADV
fsr-3919	32	20	accessible	accessible	ADJ
fsr-3919	32	21	foreign	foreign	ADJ
fsr-3919	32	22	market	market	NOUN
fsr-3919	32	23	,	,	PUNCT
fsr-3919	32	24	investing	invest	VERB
fsr-3919	32	25	in	in	ADP
fsr-3919	32	26	a	a	DET
fsr-3919	32	27	cecf	cecf	NOUN
fsr-3919	32	28	is	be	AUX
fsr-3919	32	29	usually	usually	ADV
fsr-3919	32	30	the	the	DET
fsr-3919	32	31	most	most	ADV
fsr-3919	32	32	efficient	efficient	ADJ
fsr-3919	32	33	way	way	NOUN
fsr-3919	32	34	for	for	SCONJ
fsr-3919	32	35	u.s	u.s	PROPN
fsr-3919	32	36	.	.	PROPN
fsr-3919	32	37	residents	resident	NOUN
fsr-3919	32	38	to	to	PART
fsr-3919	32	39	bet	bet	VERB
fsr-3919	32	40	on	on	ADP
fsr-3919	32	41	the	the	DET
fsr-3919	32	42	prospects	prospect	NOUN
fsr-3919	32	43	for	for	ADP
fsr-3919	32	44	a	a	DET
fsr-3919	32	45	specific	specific	ADJ
fsr-3919	32	46	foreign	foreign	ADJ
fsr-3919	32	47	market	market	NOUN
fsr-3919	32	48	.	.	PUNCT
fsr-3919	33	1	for	for	ADP
fsr-3919	33	2	example	example	NOUN
fsr-3919	33	3	,	,	PUNCT
fsr-3919	33	4	suppose	suppose	VERB
fsr-3919	33	5	u.s	u.s	PROPN
fsr-3919	33	6	.	.	PROPN
fsr-3919	33	7	investors	investor	NOUN
fsr-3919	33	8	increase	increase	VERB
fsr-3919	33	9	their	their	PRON
fsr-3919	33	10	expectations	expectation	NOUN
fsr-3919	33	11	of	of	ADP
fsr-3919	33	12	future	future	ADJ
fsr-3919	33	13	earnings	earning	NOUN
fsr-3919	33	14	from	from	ADP
fsr-3919	33	15	taiwanese	taiwanese	ADJ
fsr-3919	33	16	stocks	stock	NOUN
fsr-3919	33	17	,	,	PUNCT
fsr-3919	33	18	but	but	CCONJ
fsr-3919	33	19	taiwanese	taiwanese	ADJ
fsr-3919	33	20	investors	investor	NOUN
fsr-3919	33	21	do	do	VERB
fsr-3919	33	22	not	not	PART
fsr-3919	33	23	.	.	PUNCT
fsr-3919	34	1	all	all	PRON
fsr-3919	34	2	else	else	ADV
fsr-3919	34	3	equal	equal	ADJ
fsr-3919	34	4	,	,	PUNCT
fsr-3919	34	5	the	the	DET
fsr-3919	34	6	taiwan	taiwan	PROPN
fsr-3919	34	7	cecf	cecf	PROPN
fsr-3919	34	8	share	share	NOUN
fsr-3919	34	9	price	price	NOUN
fsr-3919	34	10	will	will	AUX
fsr-3919	34	11	increase	increase	VERB
fsr-3919	34	12	,	,	PUNCT
fsr-3919	34	13	but	but	CCONJ
fsr-3919	34	14	the	the	DET
fsr-3919	34	15	nav	nav	NOUN
fsr-3919	34	16	will	will	AUX
fsr-3919	34	17	stay	stay	VERB
fsr-3919	34	18	the	the	DET
fsr-3919	34	19	same	same	ADJ
fsr-3919	34	20	,	,	PUNCT
fsr-3919	34	21	narrowing	narrow	VERB
fsr-3919	34	22	the	the	DET
fsr-3919	34	23	discount	discount	NOUN
fsr-3919	34	24	or	or	CCONJ
fsr-3919	34	25	increasing	increase	VERB
fsr-3919	34	26	the	the	DET
fsr-3919	34	27	premium	premium	NOUN
fsr-3919	34	28	.	.	PUNCT
fsr-3919	35	1	if	if	SCONJ
fsr-3919	35	2	u.s	u.s	PROPN
fsr-3919	35	3	.	.	PROPN
fsr-3919	35	4	investor	investor	NOUN
fsr-3919	35	5	opinion	opinion	NOUN
fsr-3919	35	6	or	or	CCONJ
fsr-3919	35	7	sentiment	sentiment	NOUN
fsr-3919	35	8	,	,	PUNCT
fsr-3919	35	9	as	as	SCONJ
fsr-3919	35	10	manifested	manifest	VERB
fsr-3919	35	11	in	in	ADP
fsr-3919	35	12	the	the	DET
fsr-3919	35	13	cecf	cecf	PROPN
fsr-3919	35	14	share	share	NOUN
fsr-3919	35	15	price	price	NOUN
fsr-3919	35	16	,	,	PUNCT
fsr-3919	35	17	contains	contain	VERB
fsr-3919	35	18	useful	useful	ADJ
fsr-3919	35	19	information	information	NOUN
fsr-3919	35	20	about	about	ADP
fsr-3919	35	21	the	the	DET
fsr-3919	35	22	foreign	foreign	ADJ
fsr-3919	35	23	market	market	NOUN
fsr-3919	35	24	not	not	PART
fsr-3919	35	25	yet	yet	ADV
fsr-3919	35	26	fully	fully	ADV
fsr-3919	35	27	reflected	reflect	VERB
fsr-3919	35	28	in	in	ADP
fsr-3919	35	29	nav	nav	PROPN
fsr-3919	35	30	,	,	PUNCT
fsr-3919	35	31	an	an	DET
fsr-3919	35	32	above	above	ADJ
fsr-3919	35	33	-	-	PUNCT
fsr-3919	35	34	average	average	NOUN
fsr-3919	35	35	premium	premium	NOUN
fsr-3919	35	36	should	should	AUX
fsr-3919	35	37	be	be	AUX
fsr-3919	35	38	associated	associate	VERB
fsr-3919	35	39	with	with	ADP
fsr-3919	35	40	above	above	ADP
fsr-3919	35	41	-	-	PUNCT
fsr-3919	35	42	average	average	NOUN
fsr-3919	35	43	future	future	ADJ
fsr-3919	35	44	foreign	foreign	ADJ
fsr-3919	35	45	market	market	NOUN
fsr-3919	35	46	returns	return	NOUN
fsr-3919	35	47	.	.	PUNCT
fsr-3919	36	1	2	2	X
fsr-3919	36	2	.	.	X
fsr-3919	36	3	theory	theory	NOUN
fsr-3919	36	4	and	and	CCONJ
fsr-3919	36	5	literature	literature	PROPN
fsr-3919	36	6	review	review	VERB
fsr-3919	36	7	the	the	DET
fsr-3919	36	8	investor	investor	NOUN
fsr-3919	36	9	sentiment	sentiment	NOUN
fsr-3919	36	10	theory	theory	NOUN
fsr-3919	36	11	of	of	ADP
fsr-3919	36	12	closed	close	VERB
fsr-3919	36	13	-	-	PUNCT
fsr-3919	36	14	end	end	NOUN
fsr-3919	36	15	fund	fund	NOUN
fsr-3919	36	16	pricing	pricing	NOUN
fsr-3919	36	17	can	can	AUX
fsr-3919	36	18	be	be	AUX
fsr-3919	36	19	traced	trace	VERB
fsr-3919	36	20	to	to	ADP
fsr-3919	36	21	zweig	zweig	PROPN
fsr-3919	36	22	(	(	PUNCT
fsr-3919	36	23	1973	1973	NUM
fsr-3919	36	24	)	)	PUNCT
fsr-3919	36	25	,	,	PUNCT
fsr-3919	36	26	who	who	PRON
fsr-3919	36	27	hypothesizes	hypothesize	VERB
fsr-3919	36	28	that	that	SCONJ
fsr-3919	36	29	relatively	relatively	ADV
fsr-3919	36	30	uninformed	uninformed	ADJ
fsr-3919	36	31	individuals	individual	NOUN
fsr-3919	36	32	are	be	AUX
fsr-3919	36	33	the	the	DET
fsr-3919	36	34	primary	primary	ADJ
fsr-3919	36	35	investors	investor	NOUN
fsr-3919	36	36	in	in	ADP
fsr-3919	36	37	closedend	closedend	PROPN
fsr-3919	36	38	fund	fund	NOUN
fsr-3919	36	39	shares	share	NOUN
fsr-3919	36	40	.	.	PUNCT
fsr-3919	37	1	to	to	ADP
fsr-3919	37	2	zweig	zweig	PROPN
fsr-3919	37	3	,	,	PUNCT
fsr-3919	37	4	actions	action	NOUN
fsr-3919	37	5	of	of	ADP
fsr-3919	37	6	these	these	DET
fsr-3919	37	7	uninformed	uninformed	ADJ
fsr-3919	37	8	investors	investor	NOUN
fsr-3919	37	9	are	be	AUX
fsr-3919	37	10	contrary	contrary	ADJ
fsr-3919	37	11	indicators	indicator	NOUN
fsr-3919	37	12	of	of	ADP
fsr-3919	37	13	future	future	ADJ
fsr-3919	37	14	stock	stock	NOUN
fsr-3919	37	15	market	market	NOUN
fsr-3919	37	16	performance	performance	NOUN
fsr-3919	37	17	.	.	PUNCT
fsr-3919	38	1	when	when	SCONJ
fsr-3919	38	2	uninformed	uninformed	ADJ
fsr-3919	38	3	investors	investor	NOUN
fsr-3919	38	4	become	become	VERB
fsr-3919	38	5	optimistic	optimistic	ADJ
fsr-3919	38	6	,	,	PUNCT
fsr-3919	38	7	closed	closed	ADJ
fsr-3919	38	8	-	-	PUNCT
fsr-3919	38	9	end	end	NOUN
fsr-3919	38	10	fund	fund	NOUN
fsr-3919	38	11	premiums	premium	NOUN
fsr-3919	38	12	increase	increase	NOUN
fsr-3919	38	13	,	,	PUNCT
fsr-3919	38	14	and	and	CCONJ
fsr-3919	38	15	future	future	ADJ
fsr-3919	38	16	stock	stock	NOUN
fsr-3919	38	17	market	market	NOUN
fsr-3919	38	18	performance	performance	NOUN
fsr-3919	38	19	is	be	AUX
fsr-3919	38	20	then	then	ADV
fsr-3919	38	21	expected	expect	VERB
fsr-3919	38	22	to	to	PART
fsr-3919	38	23	be	be	AUX
fsr-3919	38	24	poor	poor	ADJ
fsr-3919	38	25	.	.	PUNCT
fsr-3919	39	1	172	172	NUM
fsr-3919	39	2	j.e	j.e	PROPN
fsr-3919	39	3	.	.	PROPN
fsr-3919	39	4	richard	richard	PROPN
fsr-3919	39	5	,	,	PUNCT
fsr-3919	39	6	j.b	j.b	PROPN
fsr-3919	39	7	.	.	PUNCT
fsr-3919	39	8	wiggins	wiggins	PROPN
fsr-3919	39	9	/	/	SYM
fsr-3919	39	10	financial	financial	ADJ
fsr-3919	39	11	services	service	NOUN
fsr-3919	39	12	review	review	VERB
fsr-3919	39	13	9	9	NUM
fsr-3919	39	14	(	(	PUNCT
fsr-3919	39	15	2000	2000	NUM
fsr-3919	39	16	)	)	PUNCT
fsr-3919	40	1	171–181	171–181	NUM
fsr-3919	40	2	using	use	VERB
fsr-3919	40	3	data	datum	NOUN
fsr-3919	40	4	from	from	ADP
fsr-3919	40	5	1965–1971	1965–1971	NUM
fsr-3919	40	6	,	,	PUNCT
fsr-3919	40	7	zweig	zweig	PROPN
fsr-3919	40	8	finds	find	VERB
fsr-3919	40	9	that	that	SCONJ
fsr-3919	40	10	the	the	DET
fsr-3919	40	11	frequency	frequency	NOUN
fsr-3919	40	12	of	of	ADP
fsr-3919	40	13	week	week	NOUN
fsr-3919	40	14	-	-	PUNCT
fsr-3919	40	15	to	to	ADP
fsr-3919	40	16	-	-	PUNCT
fsr-3919	40	17	week	week	NOUN
fsr-3919	40	18	increases	increase	NOUN
fsr-3919	40	19	in	in	ADP
fsr-3919	40	20	premiums	premium	NOUN
fsr-3919	40	21	for	for	ADP
fsr-3919	40	22	domestic	domestic	ADJ
fsr-3919	40	23	stock	stock	NOUN
fsr-3919	40	24	funds	fund	NOUN
fsr-3919	40	25	predicts	predict	VERB
fsr-3919	40	26	the	the	DET
fsr-3919	40	27	future	future	ADJ
fsr-3919	40	28	return	return	NOUN
fsr-3919	40	29	on	on	ADP
fsr-3919	40	30	the	the	DET
fsr-3919	40	31	dow	dow	PROPN
fsr-3919	40	32	jones	jones	PROPN
fsr-3919	40	33	industrial	industrial	PROPN
fsr-3919	40	34	average	average	PROPN
fsr-3919	40	35	.	.	PUNCT
fsr-3919	41	1	when	when	SCONJ
fsr-3919	41	2	the	the	DET
fsr-3919	41	3	number	number	NOUN
fsr-3919	41	4	of	of	ADP
fsr-3919	41	5	increases	increase	NOUN
fsr-3919	41	6	in	in	ADP
fsr-3919	41	7	premiums	premium	NOUN
fsr-3919	41	8	is	be	AUX
fsr-3919	41	9	abnormally	abnormally	ADV
fsr-3919	41	10	high	high	ADJ
fsr-3919	41	11	in	in	ADP
fsr-3919	41	12	a	a	DET
fsr-3919	41	13	given	give	VERB
fsr-3919	41	14	week	week	NOUN
fsr-3919	41	15	,	,	PUNCT
fsr-3919	41	16	future	future	ADJ
fsr-3919	41	17	djia	djia	PROPN
fsr-3919	41	18	returns	return	NOUN
fsr-3919	41	19	are	be	AUX
fsr-3919	41	20	relatively	relatively	ADV
fsr-3919	41	21	low	low	ADJ
fsr-3919	41	22	.	.	PUNCT
fsr-3919	42	1	lee	lee	PROPN
fsr-3919	42	2	,	,	PUNCT
fsr-3919	42	3	shleifer	shleifer	NOUN
fsr-3919	42	4	and	and	CCONJ
fsr-3919	42	5	thaler	thaler	NOUN
fsr-3919	42	6	(	(	PUNCT
fsr-3919	42	7	1991	1991	NUM
fsr-3919	42	8	)	)	PUNCT
fsr-3919	42	9	further	far	ADV
fsr-3919	42	10	develop	develop	VERB
fsr-3919	42	11	the	the	DET
fsr-3919	42	12	investor	investor	NOUN
fsr-3919	42	13	sentiment	sentiment	NOUN
fsr-3919	42	14	theory	theory	NOUN
fsr-3919	42	15	.	.	PUNCT
fsr-3919	43	1	individuals	individual	NOUN
fsr-3919	43	2	,	,	PUNCT
fsr-3919	43	3	rather	rather	ADV
fsr-3919	43	4	than	than	ADP
fsr-3919	43	5	institutions	institution	NOUN
fsr-3919	43	6	like	like	ADP
fsr-3919	43	7	pension	pension	NOUN
fsr-3919	43	8	funds	fund	NOUN
fsr-3919	43	9	,	,	PUNCT
fsr-3919	43	10	are	be	AUX
fsr-3919	43	11	the	the	DET
fsr-3919	43	12	primary	primary	ADJ
fsr-3919	43	13	investors	investor	NOUN
fsr-3919	43	14	in	in	ADP
fsr-3919	43	15	both	both	DET
fsr-3919	43	16	closed	closed	ADJ
fsr-3919	43	17	-	-	PUNCT
fsr-3919	43	18	end	end	NOUN
fsr-3919	43	19	funds	fund	NOUN
fsr-3919	43	20	and	and	CCONJ
fsr-3919	43	21	small	small	ADJ
fsr-3919	43	22	-	-	PUNCT
fsr-3919	43	23	company	company	NOUN
fsr-3919	43	24	stocks	stock	NOUN
fsr-3919	43	25	.	.	PUNCT
fsr-3919	44	1	according	accord	VERB
fsr-3919	44	2	to	to	ADP
fsr-3919	44	3	this	this	DET
fsr-3919	44	4	theory	theory	NOUN
fsr-3919	44	5	,	,	PUNCT
fsr-3919	44	6	when	when	SCONJ
fsr-3919	44	7	individual	individual	ADJ
fsr-3919	44	8	investors	investor	NOUN
fsr-3919	44	9	become	become	VERB
fsr-3919	44	10	more	more	ADV
fsr-3919	44	11	optimistic	optimistic	ADJ
fsr-3919	44	12	about	about	ADP
fsr-3919	44	13	the	the	DET
fsr-3919	44	14	stock	stock	NOUN
fsr-3919	44	15	market	market	NOUN
fsr-3919	44	16	,	,	PUNCT
fsr-3919	44	17	the	the	DET
fsr-3919	44	18	prices	price	NOUN
fsr-3919	44	19	of	of	ADP
fsr-3919	44	20	both	both	CCONJ
fsr-3919	44	21	small	small	ADJ
fsr-3919	44	22	-	-	PUNCT
fsr-3919	44	23	company	company	NOUN
fsr-3919	44	24	stocks	stock	NOUN
fsr-3919	44	25	and	and	CCONJ
fsr-3919	44	26	closed	closed	ADJ
fsr-3919	44	27	-	-	PUNCT
fsr-3919	44	28	end	end	NOUN
fsr-3919	44	29	funds	fund	NOUN
fsr-3919	44	30	are	be	AUX
fsr-3919	44	31	driven	drive	VERB
fsr-3919	44	32	up	up	ADP
fsr-3919	44	33	relative	relative	ADJ
fsr-3919	44	34	to	to	ADP
fsr-3919	44	35	the	the	DET
fsr-3919	44	36	value	value	NOUN
fsr-3919	44	37	of	of	ADP
fsr-3919	44	38	large	large	ADJ
fsr-3919	44	39	-	-	PUNCT
fsr-3919	44	40	company	company	NOUN
fsr-3919	44	41	stocks	stock	NOUN
fsr-3919	44	42	,	,	PUNCT
fsr-3919	44	43	which	which	PRON
fsr-3919	44	44	comprise	comprise	VERB
fsr-3919	44	45	the	the	DET
fsr-3919	44	46	majority	majority	NOUN
fsr-3919	44	47	of	of	ADP
fsr-3919	44	48	closed	close	VERB
fsr-3919	44	49	-	-	PUNCT
fsr-3919	44	50	end	end	NOUN
fsr-3919	44	51	fund	fund	NOUN
fsr-3919	44	52	portfolios	portfolio	NOUN
fsr-3919	44	53	.	.	PUNCT
fsr-3919	45	1	since	since	SCONJ
fsr-3919	45	2	individual	individual	ADJ
fsr-3919	45	3	investor	investor	NOUN
fsr-3919	45	4	optimism	optimism	NOUN
fsr-3919	45	5	increases	increase	VERB
fsr-3919	45	6	the	the	DET
fsr-3919	45	7	fund	fund	NOUN
fsr-3919	45	8	’s	’s	PART
fsr-3919	45	9	price	price	NOUN
fsr-3919	45	10	,	,	PUNCT
fsr-3919	45	11	but	but	CCONJ
fsr-3919	45	12	not	not	PART
fsr-3919	45	13	its	its	PRON
fsr-3919	45	14	nav	nav	NOUN
fsr-3919	45	15	,	,	PUNCT
fsr-3919	45	16	the	the	DET
fsr-3919	45	17	discount	discount	NOUN
fsr-3919	45	18	will	will	AUX
fsr-3919	45	19	narrow	narrow	VERB
fsr-3919	45	20	.	.	PUNCT
fsr-3919	46	1	using	use	VERB
fsr-3919	46	2	data	datum	NOUN
fsr-3919	46	3	from	from	ADP
fsr-3919	46	4	1965–85	1965–85	NOUN
fsr-3919	46	5	,	,	PUNCT
fsr-3919	46	6	they	they	PRON
fsr-3919	46	7	find	find	VERB
fsr-3919	46	8	that	that	SCONJ
fsr-3919	46	9	the	the	DET
fsr-3919	46	10	average	average	ADJ
fsr-3919	46	11	discount	discount	NOUN
fsr-3919	46	12	on	on	ADP
fsr-3919	46	13	domestic	domestic	ADJ
fsr-3919	46	14	stock	stock	NOUN
fsr-3919	46	15	funds	fund	NOUN
fsr-3919	46	16	is	be	AUX
fsr-3919	46	17	inversely	inversely	ADV
fsr-3919	46	18	related	relate	VERB
fsr-3919	46	19	to	to	ADP
fsr-3919	46	20	the	the	DET
fsr-3919	46	21	excess	excess	ADJ
fsr-3919	46	22	return	return	NOUN
fsr-3919	46	23	on	on	ADP
fsr-3919	46	24	small	small	ADJ
fsr-3919	46	25	-	-	PUNCT
fsr-3919	46	26	company	company	NOUN
fsr-3919	46	27	stocks	stock	NOUN
fsr-3919	46	28	versus	versus	ADP
fsr-3919	46	29	large	large	ADJ
fsr-3919	46	30	-	-	PUNCT
fsr-3919	46	31	company	company	NOUN
fsr-3919	46	32	stocks	stock	NOUN
fsr-3919	46	33	.	.	PUNCT
fsr-3919	47	1	bodurtha	bodurtha	VERB
fsr-3919	47	2	,	,	PUNCT
fsr-3919	47	3	kim	kim	PROPN
fsr-3919	47	4	and	and	CCONJ
fsr-3919	47	5	lee	lee	PROPN
fsr-3919	47	6	(	(	PUNCT
fsr-3919	47	7	1995	1995	NUM
fsr-3919	47	8	)	)	PUNCT
fsr-3919	48	1	test	test	NOUN
fsr-3919	48	2	the	the	DET
fsr-3919	48	3	investor	investor	NOUN
fsr-3919	48	4	sentiment	sentiment	NOUN
fsr-3919	48	5	hypothesis	hypothesis	NOUN
fsr-3919	48	6	using	use	VERB
fsr-3919	48	7	cecf	cecf	PROPN
fsr-3919	48	8	data	datum	NOUN
fsr-3919	48	9	over	over	ADP
fsr-3919	48	10	the	the	DET
fsr-3919	48	11	january	january	PROPN
fsr-3919	48	12	1986	1986	NUM
fsr-3919	48	13	-	-	PUNCT
fsr-3919	48	14	december	december	PROPN
fsr-3919	48	15	1990	1990	NUM
fsr-3919	48	16	period	period	NOUN
fsr-3919	48	17	.	.	PUNCT
fsr-3919	49	1	they	they	PRON
fsr-3919	49	2	find	find	VERB
fsr-3919	49	3	that	that	SCONJ
fsr-3919	49	4	changes	change	NOUN
fsr-3919	49	5	in	in	ADP
fsr-3919	49	6	the	the	DET
fsr-3919	49	7	average	average	ADJ
fsr-3919	49	8	premium	premium	NOUN
fsr-3919	49	9	on	on	ADP
fsr-3919	49	10	cecfs	cecfs	PROPN
fsr-3919	49	11	are	be	AUX
fsr-3919	49	12	positively	positively	ADV
fsr-3919	49	13	related	relate	VERB
fsr-3919	49	14	to	to	ADP
fsr-3919	49	15	the	the	DET
fsr-3919	49	16	return	return	NOUN
fsr-3919	49	17	on	on	ADP
fsr-3919	49	18	the	the	DET
fsr-3919	49	19	u.s	u.s	PROPN
fsr-3919	49	20	.	.	PROPN
fsr-3919	49	21	stock	stock	NOUN
fsr-3919	49	22	market	market	NOUN
fsr-3919	49	23	,	,	PUNCT
fsr-3919	49	24	controlling	control	VERB
fsr-3919	49	25	for	for	ADP
fsr-3919	49	26	the	the	DET
fsr-3919	49	27	return	return	NOUN
fsr-3919	49	28	on	on	ADP
fsr-3919	49	29	the	the	DET
fsr-3919	49	30	foreign	foreign	ADJ
fsr-3919	49	31	market	market	NOUN
fsr-3919	49	32	and	and	CCONJ
fsr-3919	49	33	exchange	exchange	NOUN
fsr-3919	49	34	rate	rate	NOUN
fsr-3919	49	35	movements	movement	NOUN
fsr-3919	49	36	.	.	PUNCT
fsr-3919	50	1	presumably	presumably	ADV
fsr-3919	50	2	,	,	PUNCT
fsr-3919	50	3	when	when	SCONJ
fsr-3919	50	4	u.s	u.s	PROPN
fsr-3919	50	5	.	.	PROPN
fsr-3919	50	6	investors	investor	NOUN
fsr-3919	50	7	become	become	VERB
fsr-3919	50	8	more	more	ADV
fsr-3919	50	9	optimistic	optimistic	ADJ
fsr-3919	50	10	,	,	PUNCT
fsr-3919	50	11	they	they	PRON
fsr-3919	50	12	drive	drive	VERB
fsr-3919	50	13	up	up	ADP
fsr-3919	50	14	prices	price	NOUN
fsr-3919	50	15	of	of	ADP
fsr-3919	50	16	domestic	domestic	ADJ
fsr-3919	50	17	stocks	stock	NOUN
fsr-3919	50	18	and	and	CCONJ
fsr-3919	50	19	cecfs	cecfs	NOUN
fsr-3919	50	20	at	at	ADP
fsr-3919	50	21	the	the	DET
fsr-3919	50	22	same	same	ADJ
fsr-3919	50	23	time	time	NOUN
fsr-3919	50	24	.	.	PUNCT
fsr-3919	51	1	in	in	ADP
fsr-3919	51	2	a	a	DET
fsr-3919	51	3	similar	similar	ADJ
fsr-3919	51	4	vein	vein	NOUN
fsr-3919	51	5	,	,	PUNCT
fsr-3919	51	6	bailey	bailey	NOUN
fsr-3919	51	7	and	and	CCONJ
fsr-3919	51	8	lim	lim	PROPN
fsr-3919	51	9	(	(	PUNCT
fsr-3919	51	10	1992	1992	NUM
fsr-3919	51	11	)	)	PUNCT
fsr-3919	51	12	find	find	VERB
fsr-3919	51	13	that	that	SCONJ
fsr-3919	51	14	u.s	u.s	PROPN
fsr-3919	51	15	.	.	PROPN
fsr-3919	51	16	stock	stock	NOUN
fsr-3919	51	17	indexes	index	NOUN
fsr-3919	51	18	exhibit	exhibit	VERB
fsr-3919	51	19	a	a	DET
fsr-3919	51	20	higher	high	ADJ
fsr-3919	51	21	positive	positive	ADJ
fsr-3919	51	22	correlation	correlation	NOUN
fsr-3919	51	23	with	with	ADP
fsr-3919	51	24	cecf	cecf	PROPN
fsr-3919	51	25	share	share	NOUN
fsr-3919	51	26	prices	price	NOUN
fsr-3919	51	27	than	than	ADP
fsr-3919	51	28	with	with	ADP
fsr-3919	51	29	their	their	PRON
fsr-3919	51	30	underlying	underlie	VERB
fsr-3919	51	31	foreign	foreign	ADJ
fsr-3919	51	32	market	market	NOUN
fsr-3919	51	33	indexes	index	NOUN
fsr-3919	51	34	,	,	PUNCT
fsr-3919	51	35	suggesting	suggest	VERB
fsr-3919	51	36	cecf	cecf	NOUN
fsr-3919	51	37	discounts	discount	NOUN
fsr-3919	51	38	are	be	AUX
fsr-3919	51	39	influenced	influence	VERB
fsr-3919	51	40	by	by	ADP
fsr-3919	51	41	u.s	u.s	PROPN
fsr-3919	51	42	.	.	PROPN
fsr-3919	51	43	investor	investor	NOUN
fsr-3919	51	44	sentiment	sentiment	NOUN
fsr-3919	51	45	.	.	PUNCT
fsr-3919	52	1	the	the	DET
fsr-3919	52	2	managerial	managerial	ADJ
fsr-3919	52	3	performance	performance	NOUN
fsr-3919	52	4	theory	theory	NOUN
fsr-3919	52	5	can	can	AUX
fsr-3919	52	6	be	be	AUX
fsr-3919	52	7	traced	trace	VERB
fsr-3919	52	8	to	to	ADP
fsr-3919	52	9	boudreaux	boudreaux	PROPN
fsr-3919	52	10	(	(	PUNCT
fsr-3919	52	11	1973	1973	NUM
fsr-3919	52	12	)	)	PUNCT
fsr-3919	52	13	and	and	CCONJ
fsr-3919	52	14	malkiel	malkiel	VERB
fsr-3919	52	15	(	(	PUNCT
fsr-3919	52	16	1977	1977	NUM
fsr-3919	52	17	)	)	PUNCT
fsr-3919	52	18	.	.	PUNCT
fsr-3919	53	1	if	if	SCONJ
fsr-3919	53	2	a	a	DET
fsr-3919	53	3	manager	manager	NOUN
fsr-3919	53	4	is	be	AUX
fsr-3919	53	5	perceived	perceive	VERB
fsr-3919	53	6	to	to	PART
fsr-3919	53	7	be	be	AUX
fsr-3919	53	8	highly	highly	ADV
fsr-3919	53	9	skilled	skilled	ADJ
fsr-3919	53	10	at	at	ADP
fsr-3919	53	11	stock	stock	NOUN
fsr-3919	53	12	selection	selection	NOUN
fsr-3919	53	13	or	or	CCONJ
fsr-3919	53	14	market	market	NOUN
fsr-3919	53	15	timing	timing	NOUN
fsr-3919	53	16	,	,	PUNCT
fsr-3919	53	17	investors	investor	NOUN
fsr-3919	53	18	will	will	AUX
fsr-3919	53	19	bid	bid	VERB
fsr-3919	53	20	up	up	ADP
fsr-3919	53	21	the	the	DET
fsr-3919	53	22	price	price	NOUN
fsr-3919	53	23	of	of	ADP
fsr-3919	53	24	fund	fund	NOUN
fsr-3919	53	25	shares	share	NOUN
fsr-3919	53	26	,	,	PUNCT
fsr-3919	53	27	and	and	CCONJ
fsr-3919	53	28	the	the	DET
fsr-3919	53	29	fund	fund	NOUN
fsr-3919	53	30	will	will	AUX
fsr-3919	53	31	trade	trade	VERB
fsr-3919	53	32	at	at	ADP
fsr-3919	53	33	a	a	DET
fsr-3919	53	34	premium	premium	NOUN
fsr-3919	53	35	.	.	PUNCT
fsr-3919	54	1	similarly	similarly	ADV
fsr-3919	54	2	,	,	PUNCT
fsr-3919	54	3	if	if	SCONJ
fsr-3919	54	4	a	a	DET
fsr-3919	54	5	fund	fund	NOUN
fsr-3919	54	6	levies	levy	VERB
fsr-3919	54	7	excessive	excessive	ADJ
fsr-3919	54	8	annual	annual	ADJ
fsr-3919	54	9	management	management	NOUN
fsr-3919	54	10	fees	fee	NOUN
fsr-3919	54	11	,	,	PUNCT
fsr-3919	54	12	it	it	PRON
fsr-3919	54	13	should	should	AUX
fsr-3919	54	14	sell	sell	VERB
fsr-3919	54	15	at	at	ADP
fsr-3919	54	16	a	a	DET
fsr-3919	54	17	discount	discount	NOUN
fsr-3919	54	18	.	.	PUNCT
fsr-3919	55	1	controlling	control	VERB
fsr-3919	55	2	for	for	ADP
fsr-3919	55	3	other	other	ADJ
fsr-3919	55	4	variables	variable	NOUN
fsr-3919	55	5	,	,	PUNCT
fsr-3919	55	6	malkiel	malkiel	ADJ
fsr-3919	55	7	(	(	PUNCT
fsr-3919	55	8	1977	1977	NUM
fsr-3919	55	9	,	,	PUNCT
fsr-3919	55	10	1995	1995	NUM
fsr-3919	55	11	)	)	PUNCT
fsr-3919	55	12	finds	find	VERB
fsr-3919	55	13	no	no	DET
fsr-3919	55	14	relation	relation	NOUN
fsr-3919	55	15	between	between	ADP
fsr-3919	55	16	the	the	DET
fsr-3919	55	17	domestic	domestic	ADJ
fsr-3919	55	18	fund	fund	NOUN
fsr-3919	55	19	discounts	discount	NOUN
fsr-3919	55	20	and	and	CCONJ
fsr-3919	55	21	either	either	CCONJ
fsr-3919	55	22	historical	historical	ADJ
fsr-3919	55	23	performance	performance	NOUN
fsr-3919	55	24	or	or	CCONJ
fsr-3919	55	25	management	management	NOUN
fsr-3919	55	26	fees	fee	NOUN
fsr-3919	55	27	.	.	PUNCT
fsr-3919	56	1	thus	thus	ADV
fsr-3919	56	2	,	,	PUNCT
fsr-3919	56	3	past	past	ADJ
fsr-3919	56	4	performance	performance	NOUN
fsr-3919	56	5	and	and	CCONJ
fsr-3919	56	6	management	management	NOUN
fsr-3919	56	7	expenses	expense	NOUN
fsr-3919	56	8	do	do	AUX
fsr-3919	56	9	not	not	PART
fsr-3919	56	10	appear	appear	VERB
fsr-3919	56	11	to	to	PART
fsr-3919	56	12	explain	explain	VERB
fsr-3919	56	13	cross	cross	ADJ
fsr-3919	56	14	-	-	ADJ
fsr-3919	56	15	sectional	sectional	ADJ
fsr-3919	56	16	variation	variation	NOUN
fsr-3919	56	17	in	in	ADP
fsr-3919	56	18	discounts	discount	NOUN
fsr-3919	56	19	for	for	ADP
fsr-3919	56	20	domestic	domestic	ADJ
fsr-3919	56	21	stock	stock	NOUN
fsr-3919	56	22	funds	fund	NOUN
fsr-3919	56	23	.	.	PUNCT
fsr-3919	57	1	other	other	ADJ
fsr-3919	57	2	authors	author	NOUN
fsr-3919	57	3	test	test	VERB
fsr-3919	57	4	the	the	DET
fsr-3919	57	5	managerial	managerial	ADJ
fsr-3919	57	6	performance	performance	NOUN
fsr-3919	57	7	theory	theory	NOUN
fsr-3919	57	8	by	by	ADP
fsr-3919	57	9	examining	examine	VERB
fsr-3919	57	10	the	the	DET
fsr-3919	57	11	relation	relation	NOUN
fsr-3919	57	12	between	between	ADP
fsr-3919	57	13	premiums	premium	NOUN
fsr-3919	57	14	and	and	CCONJ
fsr-3919	57	15	future	future	NOUN
fsr-3919	57	16	(	(	PUNCT
fsr-3919	57	17	rather	rather	ADV
fsr-3919	57	18	than	than	ADP
fsr-3919	57	19	past	past	ADJ
fsr-3919	57	20	)	)	PUNCT
fsr-3919	57	21	performance	performance	NOUN
fsr-3919	57	22	.	.	PUNCT
fsr-3919	58	1	for	for	ADP
fsr-3919	58	2	domestic	domestic	ADJ
fsr-3919	58	3	stock	stock	NOUN
fsr-3919	58	4	funds	fund	NOUN
fsr-3919	58	5	,	,	PUNCT
fsr-3919	58	6	pontiff	pontiff	ADJ
fsr-3919	58	7	(	(	PUNCT
fsr-3919	58	8	1994	1994	NUM
fsr-3919	58	9	)	)	PUNCT
fsr-3919	58	10	finds	find	VERB
fsr-3919	58	11	no	no	DET
fsr-3919	58	12	evidence	evidence	NOUN
fsr-3919	58	13	that	that	SCONJ
fsr-3919	58	14	premiums	premium	NOUN
fsr-3919	58	15	predict	predict	VERB
fsr-3919	58	16	future	future	ADJ
fsr-3919	58	17	nav	nav	NOUN
fsr-3919	58	18	returns	return	NOUN
fsr-3919	58	19	.	.	PUNCT
fsr-3919	59	1	using	use	VERB
fsr-3919	59	2	a	a	DET
fsr-3919	59	3	sample	sample	NOUN
fsr-3919	59	4	including	include	VERB
fsr-3919	59	5	both	both	CCONJ
fsr-3919	59	6	domestic	domestic	ADJ
fsr-3919	59	7	and	and	CCONJ
fsr-3919	59	8	international	international	ADJ
fsr-3919	59	9	funds	fund	NOUN
fsr-3919	59	10	,	,	PUNCT
fsr-3919	59	11	chay	chay	PROPN
fsr-3919	59	12	and	and	CCONJ
fsr-3919	59	13	trzcinka	trzcinka	NOUN
fsr-3919	59	14	(	(	PUNCT
fsr-3919	59	15	1999	1999	NUM
fsr-3919	59	16	)	)	PUNCT
fsr-3919	59	17	uncover	uncover	NOUN
fsr-3919	59	18	evidence	evidence	NOUN
fsr-3919	59	19	supporting	support	VERB
fsr-3919	59	20	the	the	DET
fsr-3919	59	21	managerial	managerial	ADJ
fsr-3919	59	22	performance	performance	NOUN
fsr-3919	59	23	hypothesis	hypothesis	NOUN
fsr-3919	59	24	.	.	PUNCT
fsr-3919	60	1	using	use	VERB
fsr-3919	60	2	data	datum	NOUN
fsr-3919	60	3	from	from	ADP
fsr-3919	60	4	1963–93	1963–93	NUM
fsr-3919	60	5	,	,	PUNCT
fsr-3919	60	6	and	and	CCONJ
fsr-3919	60	7	adjusting	adjust	VERB
fsr-3919	60	8	for	for	ADP
fsr-3919	60	9	risk	risk	NOUN
fsr-3919	60	10	using	use	VERB
fsr-3919	60	11	several	several	ADJ
fsr-3919	60	12	different	different	ADJ
fsr-3919	60	13	u.s	u.s	PROPN
fsr-3919	60	14	.	.	PROPN
fsr-3919	60	15	market	market	NOUN
fsr-3919	60	16	benchmarks	benchmark	NOUN
fsr-3919	60	17	,	,	PUNCT
fsr-3919	60	18	they	they	PRON
fsr-3919	60	19	find	find	VERB
fsr-3919	60	20	that	that	SCONJ
fsr-3919	60	21	higher	high	ADJ
fsr-3919	60	22	premiums	premium	NOUN
fsr-3919	60	23	forecast	forecast	VERB
fsr-3919	60	24	superior	superior	ADJ
fsr-3919	60	25	nav	nav	NOUN
fsr-3919	60	26	performance	performance	NOUN
fsr-3919	60	27	.	.	PUNCT
fsr-3919	61	1	hardouvelis	hardouvelis	PROPN
fsr-3919	61	2	et	et	PROPN
fsr-3919	61	3	al	al	PROPN
fsr-3919	61	4	.	.	PROPN
fsr-3919	62	1	(	(	PUNCT
fsr-3919	62	2	1994	1994	NUM
fsr-3919	62	3	)	)	PUNCT
fsr-3919	62	4	test	test	NOUN
fsr-3919	62	5	the	the	DET
fsr-3919	62	6	managerial	managerial	ADJ
fsr-3919	62	7	performance	performance	NOUN
fsr-3919	62	8	theory	theory	NOUN
fsr-3919	62	9	for	for	ADP
fsr-3919	62	10	cecfs	cecfs	NOUN
fsr-3919	62	11	over	over	ADP
fsr-3919	62	12	the	the	DET
fsr-3919	62	13	january	january	PROPN
fsr-3919	62	14	1985	1985	NUM
fsr-3919	62	15	-	-	PUNCT
fsr-3919	62	16	january	january	PROPN
fsr-3919	62	17	1993	1993	NUM
fsr-3919	62	18	period	period	NOUN
fsr-3919	62	19	.	.	PUNCT
fsr-3919	63	1	when	when	SCONJ
fsr-3919	63	2	running	run	VERB
fsr-3919	63	3	separate	separate	ADJ
fsr-3919	63	4	regressions	regression	NOUN
fsr-3919	63	5	for	for	ADP
fsr-3919	63	6	each	each	DET
fsr-3919	63	7	fund	fund	NOUN
fsr-3919	63	8	,	,	PUNCT
fsr-3919	63	9	they	they	PRON
fsr-3919	63	10	find	find	VERB
fsr-3919	63	11	only	only	ADV
fsr-3919	63	12	a	a	DET
fsr-3919	63	13	weak	weak	ADJ
fsr-3919	63	14	relation	relation	NOUN
fsr-3919	63	15	between	between	ADP
fsr-3919	63	16	premiums	premium	NOUN
fsr-3919	63	17	and	and	CCONJ
fsr-3919	63	18	future	future	ADJ
fsr-3919	63	19	nav	nav	NOUN
fsr-3919	63	20	returns	return	NOUN
fsr-3919	63	21	.	.	PUNCT
fsr-3919	64	1	but	but	CCONJ
fsr-3919	64	2	running	run	VERB
fsr-3919	64	3	separate	separate	ADJ
fsr-3919	64	4	regressions	regression	NOUN
fsr-3919	64	5	is	be	AUX
fsr-3919	64	6	not	not	PART
fsr-3919	64	7	a	a	DET
fsr-3919	64	8	powerful	powerful	ADJ
fsr-3919	64	9	procedure	procedure	NOUN
fsr-3919	64	10	,	,	PUNCT
fsr-3919	64	11	because	because	SCONJ
fsr-3919	64	12	it	it	PRON
fsr-3919	64	13	can	can	AUX
fsr-3919	64	14	not	not	PART
fsr-3919	64	15	detect	detect	VERB
fsr-3919	64	16	situations	situation	NOUN
fsr-3919	64	17	where	where	SCONJ
fsr-3919	64	18	some	some	DET
fsr-3919	64	19	funds	fund	NOUN
fsr-3919	64	20	consistently	consistently	ADV
fsr-3919	64	21	sell	sell	VERB
fsr-3919	64	22	at	at	ADP
fsr-3919	64	23	higher	high	ADJ
fsr-3919	64	24	premiums	premium	NOUN
fsr-3919	64	25	than	than	ADP
fsr-3919	64	26	other	other	ADJ
fsr-3919	64	27	funds	fund	NOUN
fsr-3919	64	28	because	because	SCONJ
fsr-3919	64	29	they	they	PRON
fsr-3919	64	30	have	have	VERB
fsr-3919	64	31	better	well	ADJ
fsr-3919	64	32	managers	manager	NOUN
fsr-3919	64	33	.	.	PUNCT
fsr-3919	65	1	hardouvelis	hardouvelis	PROPN
fsr-3919	65	2	et	et	PROPN
fsr-3919	65	3	al	al	PROPN
fsr-3919	65	4	.	.	PROPN
fsr-3919	66	1	(	(	PUNCT
fsr-3919	66	2	1994	1994	NUM
fsr-3919	66	3	)	)	PUNCT
fsr-3919	66	4	then	then	ADV
fsr-3919	66	5	pool	pool	NOUN
fsr-3919	66	6	data	datum	NOUN
fsr-3919	66	7	and	and	CCONJ
fsr-3919	66	8	restrict	restrict	VERB
fsr-3919	66	9	regression	regression	NOUN
fsr-3919	66	10	coefficients	coefficient	NOUN
fsr-3919	66	11	to	to	PART
fsr-3919	66	12	be	be	AUX
fsr-3919	66	13	equal	equal	ADJ
fsr-3919	66	14	across	across	ADP
fsr-3919	66	15	funds	fund	NOUN
fsr-3919	66	16	,	,	PUNCT
fsr-3919	66	17	thereby	thereby	ADV
fsr-3919	66	18	comparing	compare	VERB
fsr-3919	66	19	the	the	DET
fsr-3919	66	20	performance	performance	NOUN
fsr-3919	66	21	of	of	ADP
fsr-3919	66	22	one	one	NUM
fsr-3919	66	23	fund	fund	NOUN
fsr-3919	66	24	against	against	ADP
fsr-3919	66	25	another	another	PRON
fsr-3919	66	26	,	,	PUNCT
fsr-3919	66	27	and	and	CCONJ
fsr-3919	66	28	uncover	uncover	VERB
fsr-3919	66	29	a	a	DET
fsr-3919	66	30	positive	positive	ADJ
fsr-3919	66	31	and	and	CCONJ
fsr-3919	66	32	significant	significant	ADJ
fsr-3919	66	33	relationship	relationship	NOUN
fsr-3919	66	34	between	between	ADP
fsr-3919	66	35	premiums	premium	NOUN
fsr-3919	66	36	and	and	CCONJ
fsr-3919	66	37	future	future	ADJ
fsr-3919	66	38	nav	nav	NOUN
fsr-3919	66	39	returns	return	NOUN
fsr-3919	66	40	.	.	PUNCT
fsr-3919	67	1	funds	fund	NOUN
fsr-3919	67	2	trading	trade	VERB
fsr-3919	67	3	at	at	ADP
fsr-3919	67	4	a	a	DET
fsr-3919	67	5	premium	premium	NOUN
fsr-3919	67	6	achieve	achieve	VERB
fsr-3919	67	7	higher	high	ADJ
fsr-3919	67	8	future	future	ADJ
fsr-3919	67	9	performance	performance	NOUN
fsr-3919	67	10	than	than	ADP
fsr-3919	67	11	funds	fund	NOUN
fsr-3919	67	12	trading	trading	NOUN
fsr-3919	67	13	at	at	ADP
fsr-3919	67	14	a	a	DET
fsr-3919	67	15	discount	discount	NOUN
fsr-3919	67	16	.	.	PUNCT
fsr-3919	68	1	173j.e	173j.e	NUM
fsr-3919	68	2	.	.	PUNCT
fsr-3919	69	1	richard	richard	PROPN
fsr-3919	69	2	,	,	PUNCT
fsr-3919	69	3	j.b	j.b	PROPN
fsr-3919	69	4	.	.	PUNCT
fsr-3919	69	5	wiggins	wiggins	PROPN
fsr-3919	69	6	/	/	SYM
fsr-3919	69	7	financial	financial	ADJ
fsr-3919	69	8	services	service	NOUN
fsr-3919	69	9	review	review	VERB
fsr-3919	69	10	9	9	NUM
fsr-3919	69	11	(	(	PUNCT
fsr-3919	69	12	2000	2000	NUM
fsr-3919	69	13	)	)	PUNCT
fsr-3919	70	1	171–181	171–181	NUM
fsr-3919	70	2	the	the	DET
fsr-3919	70	3	effect	effect	NOUN
fsr-3919	70	4	of	of	ADP
fsr-3919	70	5	investment	investment	NOUN
fsr-3919	70	6	restrictions	restriction	NOUN
fsr-3919	70	7	on	on	ADP
fsr-3919	70	8	cecf	cecf	PROPN
fsr-3919	70	9	premiums	premium	NOUN
fsr-3919	70	10	complicates	complicate	VERB
fsr-3919	70	11	testing	test	VERB
fsr-3919	70	12	the	the	DET
fsr-3919	70	13	investor	investor	NOUN
fsr-3919	70	14	sentiment	sentiment	NOUN
fsr-3919	70	15	and	and	CCONJ
fsr-3919	70	16	managerial	managerial	ADJ
fsr-3919	70	17	performance	performance	NOUN
fsr-3919	70	18	theories	theory	NOUN
fsr-3919	70	19	.	.	PUNCT
fsr-3919	71	1	errunza	errunza	ADJ
fsr-3919	71	2	(	(	PUNCT
fsr-3919	71	3	1991	1991	NUM
fsr-3919	71	4	)	)	PUNCT
fsr-3919	71	5	,	,	PUNCT
fsr-3919	71	6	building	build	VERB
fsr-3919	71	7	on	on	ADP
fsr-3919	71	8	the	the	DET
fsr-3919	71	9	work	work	NOUN
fsr-3919	71	10	of	of	ADP
fsr-3919	71	11	errunza	errunza	ADJ
fsr-3919	71	12	and	and	CCONJ
fsr-3919	71	13	losq	losq	NOUN
fsr-3919	71	14	(	(	PUNCT
fsr-3919	71	15	1985	1985	NUM
fsr-3919	71	16	,	,	PUNCT
fsr-3919	71	17	1989	1989	NUM
fsr-3919	71	18	)	)	PUNCT
fsr-3919	71	19	,	,	PUNCT
fsr-3919	71	20	develops	develop	VERB
fsr-3919	71	21	a	a	DET
fsr-3919	71	22	theoretical	theoretical	ADJ
fsr-3919	71	23	model	model	NOUN
fsr-3919	71	24	of	of	ADP
fsr-3919	71	25	closed	close	VERB
fsr-3919	71	26	-	-	PUNCT
fsr-3919	71	27	end	end	NOUN
fsr-3919	71	28	country	country	NOUN
fsr-3919	71	29	fund	fund	NOUN
fsr-3919	71	30	premiums	premium	NOUN
fsr-3919	71	31	,	,	PUNCT
fsr-3919	71	32	showing	show	VERB
fsr-3919	71	33	that	that	SCONJ
fsr-3919	71	34	premiums	premium	NOUN
fsr-3919	71	35	depend	depend	VERB
fsr-3919	71	36	on	on	ADP
fsr-3919	71	37	the	the	DET
fsr-3919	71	38	ease	ease	NOUN
fsr-3919	71	39	of	of	ADP
fsr-3919	71	40	direct	direct	ADJ
fsr-3919	71	41	investment	investment	NOUN
fsr-3919	71	42	in	in	ADP
fsr-3919	71	43	the	the	DET
fsr-3919	71	44	stock	stock	NOUN
fsr-3919	71	45	market	market	NOUN
fsr-3919	71	46	of	of	ADP
fsr-3919	71	47	the	the	DET
fsr-3919	71	48	country	country	NOUN
fsr-3919	71	49	.	.	PUNCT
fsr-3919	72	1	u.s	u.s	PROPN
fsr-3919	72	2	.	.	PROPN
fsr-3919	72	3	investors	investor	NOUN
fsr-3919	72	4	,	,	PUNCT
fsr-3919	72	5	including	include	VERB
fsr-3919	72	6	open	open	ADJ
fsr-3919	72	7	-	-	PUNCT
fsr-3919	72	8	end	end	NOUN
fsr-3919	72	9	mutual	mutual	ADJ
fsr-3919	72	10	funds	fund	NOUN
fsr-3919	72	11	,	,	PUNCT
fsr-3919	72	12	can	can	AUX
fsr-3919	72	13	freely	freely	ADV
fsr-3919	72	14	trade	trade	VERB
fsr-3919	72	15	individual	individual	ADJ
fsr-3919	72	16	stocks	stock	NOUN
fsr-3919	72	17	in	in	ADP
fsr-3919	72	18	some	some	DET
fsr-3919	72	19	foreign	foreign	ADJ
fsr-3919	72	20	markets	market	NOUN
fsr-3919	72	21	(	(	PUNCT
fsr-3919	72	22	united	united	ADJ
fsr-3919	72	23	kingdom	kingdom	PROPN
fsr-3919	72	24	)	)	PUNCT
fsr-3919	72	25	but	but	CCONJ
fsr-3919	72	26	are	be	AUX
fsr-3919	72	27	subject	subject	ADJ
fsr-3919	72	28	to	to	ADP
fsr-3919	72	29	ownership	ownership	NOUN
fsr-3919	72	30	limits	limit	NOUN
fsr-3919	72	31	in	in	ADP
fsr-3919	72	32	others	other	NOUN
fsr-3919	72	33	(	(	PUNCT
fsr-3919	72	34	singapore	singapore	PROPN
fsr-3919	72	35	)	)	PUNCT
fsr-3919	72	36	.	.	PUNCT
fsr-3919	73	1	american	american	ADJ
fsr-3919	73	2	depository	depository	NOUN
fsr-3919	73	3	receipts	receipt	NOUN
fsr-3919	73	4	(	(	PUNCT
fsr-3919	73	5	adrs	adr	NOUN
fsr-3919	73	6	)	)	PUNCT
fsr-3919	73	7	trade	trade	NOUN
fsr-3919	73	8	on	on	ADP
fsr-3919	73	9	the	the	DET
fsr-3919	73	10	new	new	PROPN
fsr-3919	73	11	york	york	PROPN
fsr-3919	73	12	stock	stock	PROPN
fsr-3919	73	13	exchange	exchange	PROPN
fsr-3919	73	14	for	for	ADP
fsr-3919	73	15	many	many	ADJ
fsr-3919	73	16	companies	company	NOUN
fsr-3919	73	17	from	from	ADP
fsr-3919	73	18	some	some	DET
fsr-3919	73	19	markets	market	NOUN
fsr-3919	73	20	(	(	PUNCT
fsr-3919	73	21	mexico	mexico	NOUN
fsr-3919	73	22	)	)	PUNCT
fsr-3919	73	23	,	,	PUNCT
fsr-3919	73	24	but	but	CCONJ
fsr-3919	73	25	are	be	AUX
fsr-3919	73	26	rare	rare	ADJ
fsr-3919	73	27	or	or	CCONJ
fsr-3919	73	28	nonexistent	nonexistent	ADJ
fsr-3919	73	29	for	for	ADP
fsr-3919	73	30	companies	company	NOUN
fsr-3919	73	31	in	in	ADP
fsr-3919	73	32	other	other	ADJ
fsr-3919	73	33	markets	market	NOUN
fsr-3919	73	34	(	(	PUNCT
fsr-3919	73	35	malaysia	malaysia	NOUN
fsr-3919	73	36	)	)	PUNCT
fsr-3919	73	37	.	.	PUNCT
fsr-3919	74	1	the	the	DET
fsr-3919	74	2	more	more	ADV
fsr-3919	74	3	difficult	difficult	ADJ
fsr-3919	74	4	investment	investment	NOUN
fsr-3919	74	5	in	in	ADP
fsr-3919	74	6	a	a	DET
fsr-3919	74	7	country	country	NOUN
fsr-3919	74	8	through	through	ADP
fsr-3919	74	9	open	open	ADJ
fsr-3919	74	10	-	-	PUNCT
fsr-3919	74	11	end	end	NOUN
fsr-3919	74	12	mutual	mutual	ADJ
fsr-3919	74	13	funds	fund	NOUN
fsr-3919	74	14	or	or	CCONJ
fsr-3919	74	15	adrs	adr	NOUN
fsr-3919	74	16	,	,	PUNCT
fsr-3919	74	17	the	the	DET
fsr-3919	74	18	larger	large	ADJ
fsr-3919	74	19	is	be	AUX
fsr-3919	74	20	the	the	DET
fsr-3919	74	21	expected	expected	ADJ
fsr-3919	74	22	cecf	cecf	NOUN
fsr-3919	74	23	premium	premium	NOUN
fsr-3919	74	24	.	.	PUNCT
fsr-3919	75	1	bonser	bonser	NOUN
fsr-3919	75	2	-	-	PUNCT
fsr-3919	75	3	neal	neal	PROPN
fsr-3919	75	4	,	,	PUNCT
fsr-3919	75	5	brauer	brauer	PROPN
fsr-3919	75	6	,	,	PUNCT
fsr-3919	75	7	neal	neal	PROPN
fsr-3919	75	8	and	and	CCONJ
fsr-3919	75	9	wheatley	wheatley	PROPN
fsr-3919	75	10	(	(	PUNCT
fsr-3919	75	11	1990	1990	NUM
fsr-3919	75	12	)	)	PUNCT
fsr-3919	75	13	find	find	VERB
fsr-3919	75	14	that	that	SCONJ
fsr-3919	75	15	announcements	announcement	NOUN
fsr-3919	75	16	of	of	ADP
fsr-3919	75	17	liberalizations	liberalization	NOUN
fsr-3919	75	18	of	of	ADP
fsr-3919	75	19	investment	investment	NOUN
fsr-3919	75	20	restrictions	restriction	NOUN
fsr-3919	75	21	in	in	ADP
fsr-3919	75	22	a	a	DET
fsr-3919	75	23	country	country	NOUN
fsr-3919	75	24	generally	generally	ADV
fsr-3919	75	25	lead	lead	VERB
fsr-3919	75	26	to	to	ADP
fsr-3919	75	27	decreases	decrease	NOUN
fsr-3919	75	28	in	in	ADP
fsr-3919	75	29	cecf	cecf	NOUN
fsr-3919	75	30	premiums	premium	NOUN
fsr-3919	75	31	.	.	PUNCT
fsr-3919	76	1	errunza	errunza	ADJ
fsr-3919	76	2	(	(	PUNCT
fsr-3919	76	3	1991	1991	NUM
fsr-3919	76	4	)	)	PUNCT
fsr-3919	76	5	,	,	PUNCT
fsr-3919	76	6	bodurtha	bodurtha	VERB
fsr-3919	76	7	et	et	PROPN
fsr-3919	76	8	al	al	PROPN
fsr-3919	76	9	.	.	PROPN
fsr-3919	77	1	(	(	PUNCT
fsr-3919	77	2	1995	1995	NUM
fsr-3919	77	3	)	)	PUNCT
fsr-3919	77	4	,	,	PUNCT
fsr-3919	77	5	and	and	CCONJ
fsr-3919	77	6	hardouvelis	hardouveli	VERB
fsr-3919	77	7	et	et	PROPN
fsr-3919	77	8	al	al	PROPN
fsr-3919	77	9	.	.	PROPN
fsr-3919	78	1	(	(	PUNCT
fsr-3919	78	2	1994	1994	NUM
fsr-3919	78	3	)	)	PUNCT
fsr-3919	78	4	present	present	ADJ
fsr-3919	78	5	evidence	evidence	NOUN
fsr-3919	78	6	that	that	SCONJ
fsr-3919	78	7	premiums	premium	NOUN
fsr-3919	78	8	are	be	AUX
fsr-3919	78	9	higher	high	ADJ
fsr-3919	78	10	for	for	ADP
fsr-3919	78	11	cecfs	cecfs	NOUN
fsr-3919	78	12	investing	invest	VERB
fsr-3919	78	13	in	in	ADP
fsr-3919	78	14	restricted	restricted	ADJ
fsr-3919	78	15	markets	market	NOUN
fsr-3919	78	16	.	.	PUNCT
fsr-3919	79	1	the	the	DET
fsr-3919	79	2	next	next	ADJ
fsr-3919	79	3	section	section	NOUN
fsr-3919	79	4	describes	describe	VERB
fsr-3919	79	5	the	the	DET
fsr-3919	79	6	implications	implication	NOUN
fsr-3919	79	7	of	of	ADP
fsr-3919	79	8	investment	investment	NOUN
fsr-3919	79	9	restrictions	restriction	NOUN
fsr-3919	79	10	for	for	ADP
fsr-3919	79	11	our	our	PRON
fsr-3919	79	12	tests	test	NOUN
fsr-3919	79	13	.	.	PUNCT
fsr-3919	80	1	3	3	X
fsr-3919	80	2	.	.	X
fsr-3919	80	3	data	datum	NOUN
fsr-3919	80	4	and	and	CCONJ
fsr-3919	80	5	methodology	methodology	NOUN
fsr-3919	80	6	each	each	DET
fsr-3919	80	7	weekend	weekend	NOUN
fsr-3919	80	8	,	,	PUNCT
fsr-3919	80	9	barron	barron	PROPN
fsr-3919	80	10	’s	’s	PART
fsr-3919	80	11	reports	report	NOUN
fsr-3919	80	12	closed	close	VERB
fsr-3919	80	13	-	-	PUNCT
fsr-3919	80	14	end	end	NOUN
fsr-3919	80	15	fund	fund	NOUN
fsr-3919	80	16	share	share	NOUN
fsr-3919	80	17	price	price	NOUN
fsr-3919	80	18	and	and	CCONJ
fsr-3919	80	19	nav	nav	NOUN
fsr-3919	80	20	data	datum	NOUN
fsr-3919	80	21	.	.	PUNCT
fsr-3919	81	1	we	we	PRON
fsr-3919	81	2	collect	collect	VERB
fsr-3919	81	3	data	datum	NOUN
fsr-3919	81	4	for	for	ADP
fsr-3919	81	5	38	38	NUM
fsr-3919	81	6	funds	fund	NOUN
fsr-3919	81	7	with	with	ADP
fsr-3919	81	8	at	at	ADV
fsr-3919	81	9	least	least	ADV
fsr-3919	81	10	two	two	NUM
fsr-3919	81	11	years	year	NOUN
fsr-3919	81	12	of	of	ADP
fsr-3919	81	13	operations	operation	NOUN
fsr-3919	81	14	over	over	ADP
fsr-3919	81	15	the	the	DET
fsr-3919	81	16	january	january	PROPN
fsr-3919	81	17	1988	1988	NUM
fsr-3919	81	18	-	-	PUNCT
fsr-3919	81	19	march	march	PROPN
fsr-3919	81	20	1997	1997	NUM
fsr-3919	81	21	period	period	NOUN
fsr-3919	81	22	.	.	PUNCT
fsr-3919	82	1	we	we	PRON
fsr-3919	82	2	exclude	exclude	VERB
fsr-3919	82	3	four	four	NUM
fsr-3919	82	4	china	china	PROPN
fsr-3919	82	5	cecfs	cecfs	PROPN
fsr-3919	82	6	because	because	SCONJ
fsr-3919	82	7	we	we	PRON
fsr-3919	82	8	lack	lack	VERB
fsr-3919	82	9	data	datum	NOUN
fsr-3919	82	10	on	on	ADP
fsr-3919	82	11	chinese	chinese	ADJ
fsr-3919	82	12	market	market	NOUN
fsr-3919	82	13	index	index	NOUN
fsr-3919	82	14	returns	return	NOUN
fsr-3919	82	15	,	,	PUNCT
fsr-3919	82	16	and	and	CCONJ
fsr-3919	82	17	two	two	NUM
fsr-3919	82	18	funds	fund	NOUN
fsr-3919	82	19	specializing	specialize	VERB
fsr-3919	82	20	in	in	ADP
fsr-3919	82	21	gold	gold	NOUN
fsr-3919	82	22	stocks	stock	NOUN
fsr-3919	82	23	.	.	PUNCT
fsr-3919	83	1	most	most	ADJ
fsr-3919	83	2	funds	fund	NOUN
fsr-3919	83	3	report	report	VERB
fsr-3919	83	4	weekly	weekly	ADJ
fsr-3919	83	5	nav	nav	NOUN
fsr-3919	83	6	as	as	ADP
fsr-3919	83	7	of	of	ADP
fsr-3919	83	8	friday	friday	PROPN
fsr-3919	83	9	afternoon	afternoon	NOUN
fsr-3919	83	10	in	in	ADP
fsr-3919	83	11	the	the	DET
fsr-3919	83	12	united	united	PROPN
fsr-3919	83	13	states	states	PROPN
fsr-3919	83	14	,	,	PUNCT
fsr-3919	83	15	andbarron	andbarron	PROPN
fsr-3919	83	16	’s	’s	PART
fsr-3919	83	17	reports	report	NOUN
fsr-3919	83	18	friday	friday	PROPN
fsr-3919	83	19	’s	’s	PART
fsr-3919	83	20	nyse	nyse	PROPN
fsr-3919	83	21	closing	closing	NOUN
fsr-3919	83	22	share	share	NOUN
fsr-3919	83	23	price	price	NOUN
fsr-3919	83	24	along	along	ADP
fsr-3919	83	25	with	with	ADP
fsr-3919	83	26	it	it	PRON
fsr-3919	83	27	.	.	PUNCT
fsr-3919	84	1	but	but	CCONJ
fsr-3919	84	2	a	a	DET
fsr-3919	84	3	few	few	ADJ
fsr-3919	84	4	funds	fund	NOUN
fsr-3919	84	5	report	report	VERB
fsr-3919	84	6	nav	nav	NOUN
fsr-3919	84	7	as	as	ADP
fsr-3919	84	8	of	of	ADP
fsr-3919	84	9	thursday	thursday	PROPN
fsr-3919	84	10	or	or	CCONJ
fsr-3919	84	11	wednesday	wednesday	PROPN
fsr-3919	84	12	.	.	PUNCT
fsr-3919	85	1	the	the	DET
fsr-3919	85	2	india	india	PROPN
fsr-3919	85	3	growth	growth	PROPN
fsr-3919	85	4	fund	fund	NOUN
fsr-3919	85	5	consistently	consistently	ADV
fsr-3919	85	6	reported	report	VERB
fsr-3919	85	7	nav	nav	NOUN
fsr-3919	85	8	from	from	ADP
fsr-3919	85	9	wednesday	wednesday	PROPN
fsr-3919	85	10	,	,	PUNCT
fsr-3919	85	11	andbarron	andbarron	PROPN
fsr-3919	85	12	’s	’s	PART
fsr-3919	85	13	reported	report	VERB
fsr-3919	85	14	wednesday	wednesday	PROPN
fsr-3919	85	15	’s	’s	PART
fsr-3919	85	16	closing	closing	NOUN
fsr-3919	85	17	share	share	NOUN
fsr-3919	85	18	price	price	NOUN
fsr-3919	85	19	for	for	ADP
fsr-3919	85	20	that	that	DET
fsr-3919	85	21	fund	fund	NOUN
fsr-3919	85	22	.	.	PUNCT
fsr-3919	86	1	brazil	brazil	PROPN
fsr-3919	86	2	,	,	PUNCT
fsr-3919	86	3	brazilian	brazilian	ADJ
fsr-3919	86	4	equity	equity	NOUN
fsr-3919	86	5	,	,	PUNCT
fsr-3919	86	6	emerging	emerge	VERB
fsr-3919	86	7	mexico	mexico	PROPN
fsr-3919	86	8	,	,	PUNCT
fsr-3919	86	9	mexico	mexico	PROPN
fsr-3919	86	10	,	,	PUNCT
fsr-3919	86	11	mexico	mexico	PROPN
fsr-3919	86	12	equity	equity	PROPN
fsr-3919	86	13	&	&	CCONJ
fsr-3919	86	14	income	income	PROPN
fsr-3919	86	15	,	,	PUNCT
fsr-3919	86	16	singapore	singapore	PROPN
fsr-3919	86	17	,	,	PUNCT
fsr-3919	86	18	and	and	CCONJ
fsr-3919	86	19	taiwan	taiwan	PROPN
fsr-3919	86	20	consistently	consistently	ADV
fsr-3919	86	21	reported	report	VERB
fsr-3919	86	22	nav	nav	NOUN
fsr-3919	86	23	from	from	ADP
fsr-3919	86	24	thursday	thursday	PROPN
fsr-3919	86	25	,	,	PUNCT
fsr-3919	86	26	andbarron	andbarron	PROPN
fsr-3919	86	27	’s	’s	PART
fsr-3919	86	28	reported	report	VERB
fsr-3919	86	29	thursday	thursday	PROPN
fsr-3919	86	30	’s	’s	PART
fsr-3919	86	31	closing	closing	NOUN
fsr-3919	86	32	share	share	NOUN
fsr-3919	86	33	price	price	NOUN
fsr-3919	86	34	for	for	ADP
fsr-3919	86	35	those	those	DET
fsr-3919	86	36	funds	fund	NOUN
fsr-3919	86	37	.	.	PUNCT
fsr-3919	87	1	thus	thus	ADV
fsr-3919	87	2	,	,	PUNCT
fsr-3919	87	3	even	even	ADV
fsr-3919	87	4	for	for	ADP
fsr-3919	87	5	funds	fund	NOUN
fsr-3919	87	6	reporting	report	VERB
fsr-3919	87	7	nav	nav	NOUN
fsr-3919	87	8	as	as	ADP
fsr-3919	87	9	of	of	ADP
fsr-3919	87	10	wednesday	wednesday	PROPN
fsr-3919	87	11	or	or	CCONJ
fsr-3919	87	12	thursday	thursday	PROPN
fsr-3919	87	13	,	,	PUNCT
fsr-3919	87	14	the	the	DET
fsr-3919	87	15	cecf	cecf	PROPN
fsr-3919	87	16	share	share	NOUN
fsr-3919	87	17	price	price	NOUN
fsr-3919	87	18	is	be	AUX
fsr-3919	87	19	measured	measure	VERB
fsr-3919	87	20	at	at	ADP
fsr-3919	87	21	the	the	DET
fsr-3919	87	22	close	close	NOUN
fsr-3919	87	23	of	of	ADP
fsr-3919	87	24	trading	trading	NOUN
fsr-3919	87	25	on	on	ADP
fsr-3919	87	26	the	the	DET
fsr-3919	87	27	same	same	ADJ
fsr-3919	87	28	day	day	NOUN
fsr-3919	87	29	.	.	PUNCT
fsr-3919	88	1	nav	nav	NOUN
fsr-3919	88	2	data	datum	NOUN
fsr-3919	88	3	are	be	AUX
fsr-3919	88	4	unavailable	unavailable	ADJ
fsr-3919	88	5	for	for	ADP
fsr-3919	88	6	266	266	NUM
fsr-3919	88	7	out	out	ADP
fsr-3919	88	8	of	of	ADP
fsr-3919	88	9	14,414	14,414	NUM
fsr-3919	88	10	observations	observation	NOUN
fsr-3919	88	11	(	(	PUNCT
fsr-3919	88	12	less	less	ADJ
fsr-3919	88	13	than	than	ADP
fsr-3919	88	14	2	2	NUM
fsr-3919	88	15	%	%	NOUN
fsr-3919	88	16	)	)	PUNCT
fsr-3919	88	17	.	.	PUNCT
fsr-3919	89	1	following	follow	VERB
fsr-3919	89	2	bekaert	bekaert	NOUN
fsr-3919	89	3	and	and	CCONJ
fsr-3919	89	4	urias	urias	PROPN
fsr-3919	89	5	(	(	PUNCT
fsr-3919	89	6	1996	1996	NUM
fsr-3919	89	7	)	)	PUNCT
fsr-3919	89	8	,	,	PUNCT
fsr-3919	89	9	we	we	PRON
fsr-3919	89	10	use	use	VERB
fsr-3919	89	11	the	the	DET
fsr-3919	89	12	nav	nav	NOUN
fsr-3919	89	13	from	from	ADP
fsr-3919	89	14	the	the	DET
fsr-3919	89	15	previous	previous	ADJ
fsr-3919	89	16	week	week	NOUN
fsr-3919	89	17	as	as	ADP
fsr-3919	89	18	a	a	DET
fsr-3919	89	19	proxy	proxy	NOUN
fsr-3919	89	20	for	for	ADP
fsr-3919	89	21	these	these	DET
fsr-3919	89	22	observations	observation	NOUN
fsr-3919	89	23	.	.	PUNCT
fsr-3919	90	1	in	in	ADP
fsr-3919	90	2	the	the	DET
fsr-3919	90	3	few	few	ADJ
fsr-3919	90	4	cases	case	NOUN
fsr-3919	90	5	that	that	PRON
fsr-3919	90	6	a	a	DET
fsr-3919	90	7	cecf	cecf	NOUN
fsr-3919	90	8	share	share	NOUN
fsr-3919	90	9	price	price	NOUN
fsr-3919	90	10	is	be	AUX
fsr-3919	90	11	not	not	PART
fsr-3919	90	12	available	available	ADJ
fsr-3919	90	13	inbarron	inbarron	PROPN
fsr-3919	90	14	’s	’s	ADV
fsr-3919	90	15	,	,	PUNCT
fsr-3919	90	16	prices	price	NOUN
fsr-3919	90	17	come	come	VERB
fsr-3919	90	18	from	from	ADP
fsr-3919	90	19	thewall	thewall	PROPN
fsr-3919	90	20	street	street	NOUN
fsr-3919	90	21	journalor	journalor	NOUN
fsr-3919	90	22	the	the	DET
fsr-3919	90	23	center	center	NOUN
fsr-3919	90	24	for	for	ADP
fsr-3919	90	25	research	research	NOUN
fsr-3919	90	26	in	in	ADP
fsr-3919	90	27	security	security	NOUN
fsr-3919	90	28	prices	price	NOUN
fsr-3919	90	29	(	(	PUNCT
fsr-3919	90	30	crsp	crsp	NOUN
fsr-3919	90	31	)	)	PUNCT
fsr-3919	90	32	tapes	tape	NOUN
fsr-3919	90	33	.	.	PUNCT
fsr-3919	91	1	we	we	PRON
fsr-3919	91	2	compute	compute	VERB
fsr-3919	91	3	weekly	weekly	ADJ
fsr-3919	91	4	foreign	foreign	ADJ
fsr-3919	91	5	market	market	NOUN
fsr-3919	91	6	index	index	NOUN
fsr-3919	91	7	returns	return	NOUN
fsr-3919	91	8	,	,	PUNCT
fsr-3919	91	9	foreign	foreign	ADJ
fsr-3919	91	10	exchange	exchange	NOUN
fsr-3919	91	11	rates	rate	NOUN
fsr-3919	91	12	,	,	PUNCT
fsr-3919	91	13	and	and	CCONJ
fsr-3919	91	14	world	world	NOUN
fsr-3919	91	15	market	market	NOUN
fsr-3919	91	16	returns	return	NOUN
fsr-3919	91	17	from	from	ADP
fsr-3919	91	18	morgan	morgan	PROPN
fsr-3919	91	19	stanley	stanley	PROPN
fsr-3919	91	20	capital	capital	PROPN
fsr-3919	91	21	international	international	PROPN
fsr-3919	91	22	(	(	PUNCT
fsr-3919	91	23	msci	msci	PROPN
fsr-3919	91	24	)	)	PUNCT
fsr-3919	91	25	daily	daily	ADJ
fsr-3919	91	26	index	index	NOUN
fsr-3919	91	27	data	datum	NOUN
fsr-3919	91	28	.	.	PUNCT
fsr-3919	92	1	the	the	DET
fsr-3919	92	2	msci	msci	PROPN
fsr-3919	92	3	data	datum	NOUN
fsr-3919	92	4	come	come	VERB
fsr-3919	92	5	from	from	ADP
fsr-3919	92	6	dri	dri	PROPN
fsr-3919	92	7	/	/	SYM
fsr-3919	92	8	mcgraw	mcgraw	PROPN
fsr-3919	92	9	hill	hill	PROPN
fsr-3919	92	10	.	.	PUNCT
fsr-3919	93	1	table	table	NOUN
fsr-3919	93	2	1	1	NUM
fsr-3919	93	3	presents	present	VERB
fsr-3919	93	4	the	the	DET
fsr-3919	93	5	list	list	NOUN
fsr-3919	93	6	of	of	ADP
fsr-3919	93	7	38	38	NUM
fsr-3919	93	8	funds	fund	NOUN
fsr-3919	93	9	,	,	PUNCT
fsr-3919	93	10	the	the	DET
fsr-3919	93	11	number	number	NOUN
fsr-3919	93	12	of	of	ADP
fsr-3919	93	13	weekly	weekly	ADJ
fsr-3919	93	14	observations	observation	NOUN
fsr-3919	93	15	available	available	ADJ
fsr-3919	93	16	for	for	ADP
fsr-3919	93	17	each	each	PRON
fsr-3919	93	18	,	,	PUNCT
fsr-3919	93	19	the	the	DET
fsr-3919	93	20	mean	mean	ADJ
fsr-3919	93	21	percentage	percentage	NOUN
fsr-3919	93	22	premium	premium	NOUN
fsr-3919	93	23	(	(	PUNCT
fsr-3919	93	24	with	with	ADP
fsr-3919	93	25	a	a	DET
fsr-3919	93	26	negative	negative	ADJ
fsr-3919	93	27	number	number	NOUN
fsr-3919	93	28	indicating	indicate	VERB
fsr-3919	93	29	a	a	DET
fsr-3919	93	30	discount	discount	NOUN
fsr-3919	93	31	)	)	PUNCT
fsr-3919	93	32	,	,	PUNCT
fsr-3919	93	33	and	and	CCONJ
fsr-3919	93	34	the	the	DET
fsr-3919	93	35	mean	mean	ADJ
fsr-3919	93	36	weekly	weekly	ADJ
fsr-3919	93	37	nav	nav	NOUN
fsr-3919	93	38	return	return	NOUN
fsr-3919	93	39	.	.	PUNCT
fsr-3919	94	1	the	the	DET
fsr-3919	94	2	nav	nav	NOUN
fsr-3919	94	3	return	return	NOUN
fsr-3919	94	4	measures	measure	NOUN
fsr-3919	94	5	the	the	DET
fsr-3919	94	6	performance	performance	NOUN
fsr-3919	94	7	of	of	ADP
fsr-3919	94	8	the	the	DET
fsr-3919	94	9	underlying	underlie	VERB
fsr-3919	94	10	assets	asset	NOUN
fsr-3919	94	11	of	of	ADP
fsr-3919	94	12	the	the	DET
fsr-3919	94	13	fund	fund	NOUN
fsr-3919	94	14	,	,	PUNCT
fsr-3919	94	15	defined	define	VERB
fsr-3919	94	16	as	as	ADP
fsr-3919	94	17	174	174	NUM
fsr-3919	94	18	j.e	j.e	PROPN
fsr-3919	94	19	.	.	PROPN
fsr-3919	94	20	richard	richard	PROPN
fsr-3919	94	21	,	,	PUNCT
fsr-3919	94	22	j.b	j.b	PROPN
fsr-3919	94	23	.	.	PUNCT
fsr-3919	94	24	wiggins	wiggins	PROPN
fsr-3919	94	25	/	/	SYM
fsr-3919	94	26	financial	financial	ADJ
fsr-3919	94	27	services	service	NOUN
fsr-3919	94	28	review	review	VERB
fsr-3919	94	29	9	9	NUM
fsr-3919	94	30	(	(	PUNCT
fsr-3919	94	31	2000	2000	NUM
fsr-3919	94	32	)	)	PUNCT
fsr-3919	95	1	171–181	171–181	NUM
fsr-3919	95	2	nav	nav	NOUN
fsr-3919	95	3	returnt	returnt	VERB
fsr-3919	95	4	5	5	NUM
fsr-3919	96	1	[	[	X
fsr-3919	96	2	nav	nav	NOUN
fsr-3919	96	3	t	t	NOUN
fsr-3919	96	4	1	1	NUM
fsr-3919	96	5	dt	dt	NOUN
fsr-3919	96	6	navt-1]/nav	navt-1]/nav	PROPN
fsr-3919	96	7	t-1	t-1	PROPN
fsr-3919	96	8	,	,	PUNCT
fsr-3919	96	9	(	(	PUNCT
fsr-3919	96	10	1	1	X
fsr-3919	96	11	)	)	PUNCT
fsr-3919	96	12	where	where	SCONJ
fsr-3919	96	13	dt	dt	PROPN
fsr-3919	96	14	is	be	AUX
fsr-3919	96	15	the	the	DET
fsr-3919	96	16	amount	amount	NOUN
fsr-3919	96	17	of	of	ADP
fsr-3919	96	18	dividend	dividend	NOUN
fsr-3919	96	19	and	and	CCONJ
fsr-3919	96	20	capital	capital	NOUN
fsr-3919	96	21	gain	gain	NOUN
fsr-3919	96	22	distributions	distribution	NOUN
fsr-3919	96	23	paid	pay	VERB
fsr-3919	96	24	to	to	ADP
fsr-3919	96	25	shareholders	shareholder	NOUN
fsr-3919	96	26	in	in	ADP
fsr-3919	96	27	week	week	NOUN
fsr-3919	96	28	t.	t.	NOUN
fsr-3919	97	1	all	all	DET
fsr-3919	97	2	returns	return	NOUN
fsr-3919	97	3	are	be	AUX
fsr-3919	97	4	adjusted	adjust	VERB
fsr-3919	97	5	for	for	ADP
fsr-3919	97	6	stock	stock	NOUN
fsr-3919	97	7	splits	split	NOUN
fsr-3919	97	8	.	.	PUNCT
fsr-3919	98	1	distribution	distribution	NOUN
fsr-3919	98	2	and	and	CCONJ
fsr-3919	98	3	stock	stock	NOUN
fsr-3919	98	4	split	split	NOUN
fsr-3919	98	5	data	datum	NOUN
fsr-3919	98	6	come	come	VERB
fsr-3919	98	7	from	from	ADP
fsr-3919	98	8	the	the	DET
fsr-3919	98	9	crsp	crsp	PROPN
fsr-3919	98	10	tapes	tape	NOUN
fsr-3919	98	11	.	.	PUNCT
fsr-3919	99	1	to	to	PART
fsr-3919	99	2	test	test	VERB
fsr-3919	99	3	the	the	DET
fsr-3919	99	4	managerial	managerial	ADJ
fsr-3919	99	5	performance	performance	NOUN
fsr-3919	99	6	theory	theory	NOUN
fsr-3919	99	7	,	,	PUNCT
fsr-3919	99	8	we	we	PRON
fsr-3919	99	9	want	want	VERB
fsr-3919	99	10	to	to	PART
fsr-3919	99	11	compare	compare	VERB
fsr-3919	99	12	funds	fund	NOUN
fsr-3919	99	13	against	against	ADP
fsr-3919	99	14	one	one	NUM
fsr-3919	99	15	another	another	DET
fsr-3919	99	16	over	over	ADP
fsr-3919	99	17	a	a	DET
fsr-3919	99	18	common	common	ADJ
fsr-3919	99	19	time	time	NOUN
fsr-3919	99	20	period	period	NOUN
fsr-3919	99	21	.	.	PUNCT
fsr-3919	100	1	we	we	PRON
fsr-3919	100	2	estimate	estimate	VERB
fsr-3919	100	3	a	a	DET
fsr-3919	100	4	seemingly	seemingly	ADV
fsr-3919	100	5	unrelated	unrelated	ADJ
fsr-3919	100	6	regression	regression	NOUN
fsr-3919	100	7	(	(	PUNCT
fsr-3919	100	8	sur	sur	NOUN
fsr-3919	100	9	)	)	PUNCT
fsr-3919	100	10	system	system	NOUN
fsr-3919	100	11	of	of	ADP
fsr-3919	100	12	equations	equation	NOUN
fsr-3919	100	13	for	for	ADP
fsr-3919	100	14	the	the	DET
fsr-3919	100	15	30	30	NUM
fsr-3919	100	16	of	of	ADP
fsr-3919	100	17	38	38	NUM
fsr-3919	100	18	funds	fund	NOUN
fsr-3919	100	19	that	that	PRON
fsr-3919	100	20	have	have	VERB
fsr-3919	100	21	complete	complete	ADJ
fsr-3919	100	22	return	return	NOUN
fsr-3919	100	23	data	datum	NOUN
fsr-3919	100	24	over	over	ADP
fsr-3919	100	25	january	january	PROPN
fsr-3919	100	26	1991	1991	NUM
fsr-3919	100	27	through	through	ADP
fsr-3919	100	28	march	march	PROPN
fsr-3919	100	29	1997	1997	NUM
fsr-3919	100	30	:	:	PUNCT
fsr-3919	100	31	table	table	NOUN
fsr-3919	100	32	1	1	NUM
fsr-3919	100	33	descriptive	descriptive	ADJ
fsr-3919	100	34	statistics	statistic	NOUN
fsr-3919	100	35	country	country	NOUN
fsr-3919	100	36	fund	fund	NOUN
fsr-3919	100	37	n	n	ADV
fsr-3919	100	38	mean	mean	VERB
fsr-3919	100	39	weekly	weekly	ADJ
fsr-3919	100	40	premium	premium	NOUN
fsr-3919	100	41	mean	mean	VERB
fsr-3919	100	42	weekly	weekly	ADJ
fsr-3919	100	43	nav	nav	NOUN
fsr-3919	100	44	return	return	NOUN
fsr-3919	100	45	mean	mean	VERB
fsr-3919	100	46	weekly	weekly	ADJ
fsr-3919	100	47	foreign	foreign	ADJ
fsr-3919	100	48	market	market	NOUN
fsr-3919	100	49	return	return	NOUN
fsr-3919	100	50	argentina	argentina	PROPN
fsr-3919	100	51	argentina	argentina	PROPN
fsr-3919	100	52	282	282	NUM
fsr-3919	100	53	5.38	5.38	NUM
fsr-3919	100	54	%	%	NOUN
fsr-3919	100	55	0.20	0.20	NUM
fsr-3919	100	56	%	%	NOUN
fsr-3919	100	57	0.19	0.19	NUM
fsr-3919	100	58	%	%	NOUN
fsr-3919	100	59	australia	australia	PROPN
fsr-3919	100	60	first	first	PROPN
fsr-3919	100	61	australia	australia	PROPN
fsr-3919	100	62	481	481	NUM
fsr-3919	100	63	212.83	212.83	NUM
fsr-3919	100	64	%	%	NOUN
fsr-3919	100	65	0.15	0.15	NUM
fsr-3919	100	66	%	%	NOUN
fsr-3919	100	67	0.18	0.18	NUM
fsr-3919	100	68	%	%	NOUN
fsr-3919	100	69	austria	austria	PROPN
fsr-3919	100	70	austria	austria	PROPN
fsr-3919	100	71	388	388	NUM
fsr-3919	100	72	29.74	29.74	NUM
fsr-3919	100	73	%	%	NOUN
fsr-3919	100	74	0.08	0.08	NUM
fsr-3919	100	75	%	%	NOUN
fsr-3919	100	76	0.05	0.05	NUM
fsr-3919	100	77	%	%	NOUN
fsr-3919	100	78	brazil	brazil	PROPN
fsr-3919	100	79	brazil	brazil	PROPN
fsr-3919	100	80	267	267	NUM
fsr-3919	100	81	23.24	23.24	NUM
fsr-3919	100	82	%	%	NOUN
fsr-3919	100	83	0.49	0.49	NUM
fsr-3919	100	84	%	%	NOUN
fsr-3919	100	85	0.65	0.65	NUM
fsr-3919	100	86	%	%	NOUN
fsr-3919	100	87	brazil	brazil	PROPN
fsr-3919	100	88	brazilian	brazilian	PROPN
fsr-3919	100	89	equity	equity	NOUN
fsr-3919	100	90	258	258	NUM
fsr-3919	100	91	20.58	20.58	NUM
fsr-3919	100	92	%	%	NOUN
fsr-3919	100	93	0.45	0.45	NUM
fsr-3919	100	94	%	%	NOUN
fsr-3919	100	95	0.53	0.53	NUM
fsr-3919	100	96	%	%	NOUN
fsr-3919	100	97	chile	chile	PROPN
fsr-3919	100	98	chile	chile	VERB
fsr-3919	100	99	387	387	NUM
fsr-3919	100	100	26.80	26.80	NUM
fsr-3919	100	101	%	%	NOUN
fsr-3919	100	102	0.49	0.49	NUM
fsr-3919	100	103	%	%	NOUN
fsr-3919	100	104	0.49	0.49	NUM
fsr-3919	100	105	%	%	NOUN
fsr-3919	100	106	france	france	PROPN
fsr-3919	100	107	france	france	PROPN
fsr-3919	100	108	growth	growth	NOUN
fsr-3919	100	109	347214.25	347214.25	NUM
fsr-3919	100	110	%	%	NOUN
fsr-3919	100	111	0.13	0.13	NUM
fsr-3919	100	112	%	%	NOUN
fsr-3919	100	113	0.14	0.14	NUM
fsr-3919	100	114	%	%	NOUN
fsr-3919	100	115	germany	germany	PROPN
fsr-3919	100	116	emerging	emerge	VERB
fsr-3919	100	117	germany	germany	PROPN
fsr-3919	100	118	360215.85	360215.85	NUM
fsr-3919	100	119	%	%	NOUN
fsr-3919	100	120	0.05	0.05	NUM
fsr-3919	100	121	%	%	NOUN
fsr-3919	100	122	0.16	0.16	NUM
fsr-3919	100	123	%	%	NOUN
fsr-3919	100	124	germany	germany	PROPN
fsr-3919	100	125	germany	germany	PROPN
fsr-3919	100	126	481	481	NUM
fsr-3919	100	127	22.11	22.11	NUM
fsr-3919	100	128	%	%	NOUN
fsr-3919	100	129	0.26	0.26	NUM
fsr-3919	100	130	%	%	NOUN
fsr-3919	100	131	0.26	0.26	NUM
fsr-3919	100	132	%	%	NOUN
fsr-3919	100	133	germany	germany	PROPN
fsr-3919	100	134	new	new	PROPN
fsr-3919	100	135	germany	germany	PROPN
fsr-3919	100	136	371214.73	371214.73	NUM
fsr-3919	100	137	%	%	NOUN
fsr-3919	100	138	0.14	0.14	NUM
fsr-3919	100	139	%	%	NOUN
fsr-3919	100	140	0.15	0.15	NUM
fsr-3919	100	141	%	%	NOUN
fsr-3919	100	142	india	india	PROPN
fsr-3919	100	143	india	india	PROPN
fsr-3919	100	144	growth	growth	PROPN
fsr-3919	100	145	220	220	NUM
fsr-3919	100	146	10.79	10.79	NUM
fsr-3919	100	147	%	%	NOUN
fsr-3919	100	148	0.00	0.00	NUM
fsr-3919	100	149	%	%	NOUN
fsr-3919	100	150	0.12	0.12	NUM
fsr-3919	100	151	%	%	NOUN
fsr-3919	100	152	indonesia	indonesia	PROPN
fsr-3919	100	153	indonesia	indonesia	PROPN
fsr-3919	100	154	366	366	NUM
fsr-3919	100	155	13.13	13.13	NUM
fsr-3919	100	156	%	%	NOUN
fsr-3919	100	157	20.01	20.01	NUM
fsr-3919	100	158	%	%	NOUN
fsr-3919	100	159	20.03	20.03	NUM
fsr-3919	100	160	%	%	NOUN
fsr-3919	100	161	indonesia	indonesia	PROPN
fsr-3919	100	162	jakarta	jakarta	PROPN
fsr-3919	100	163	361	361	NUM
fsr-3919	100	164	2.38	2.38	NUM
fsr-3919	100	165	%	%	NOUN
fsr-3919	100	166	0.02	0.02	NUM
fsr-3919	100	167	%	%	NOUN
fsr-3919	100	168	20.04	20.04	NUM
fsr-3919	100	169	%	%	NOUN
fsr-3919	100	170	ireland	ireland	NOUN
fsr-3919	100	171	irish	irish	PROPN
fsr-3919	100	172	investment	investment	NOUN
fsr-3919	100	173	362	362	NUM
fsr-3919	100	174	214.87	214.87	NUM
fsr-3919	100	175	%	%	NOUN
fsr-3919	100	176	0.19	0.19	NUM
fsr-3919	100	177	%	%	NOUN
fsr-3919	100	178	0.15	0.15	NUM
fsr-3919	100	179	%	%	NOUN
fsr-3919	100	180	israel	israel	PROPN
fsr-3919	100	181	first	first	PROPN
fsr-3919	100	182	israel	israel	PROPN
fsr-3919	100	183	172	172	NUM
fsr-3919	100	184	21.91	21.91	NUM
fsr-3919	100	185	%	%	NOUN
fsr-3919	100	186	0.06	0.06	NUM
fsr-3919	100	187	%	%	NOUN
fsr-3919	100	188	20.13	20.13	NUM
fsr-3919	100	189	%	%	NOUN
fsr-3919	100	190	italy	italy	PROPN
fsr-3919	100	191	italy	italy	PROPN
fsr-3919	100	192	330	330	NUM
fsr-3919	100	193	28.06	28.06	NUM
fsr-3919	100	194	%	%	NOUN
fsr-3919	100	195	0.04	0.04	NUM
fsr-3919	100	196	%	%	NOUN
fsr-3919	100	197	0.10	0.10	NUM
fsr-3919	100	198	%	%	NOUN
fsr-3919	100	199	japan	japan	PROPN
fsr-3919	100	200	japan	japan	PROPN
fsr-3919	100	201	equity	equity	PROPN
fsr-3919	100	202	240	240	NUM
fsr-3919	100	203	4.16	4.16	NUM
fsr-3919	100	204	%	%	NOUN
fsr-3919	100	205	0.19	0.19	NUM
fsr-3919	100	206	%	%	NOUN
fsr-3919	100	207	0.16	0.16	NUM
fsr-3919	100	208	%	%	NOUN
fsr-3919	100	209	japan	japan	PROPN
fsr-3919	100	210	japan	japan	PROPN
fsr-3919	100	211	otc	otc	PROPN
fsr-3919	100	212	equity	equity	PROPN
fsr-3919	100	213	350	350	NUM
fsr-3919	100	214	4.92	4.92	NUM
fsr-3919	100	215	%	%	NOUN
fsr-3919	100	216	20.14	20.14	NUM
fsr-3919	100	217	%	%	NOUN
fsr-3919	100	218	0.00	0.00	NUM
fsr-3919	100	219	%	%	NOUN
fsr-3919	100	220	korea	korea	PROPN
fsr-3919	100	221	korea	korea	PROPN
fsr-3919	100	222	481	481	NUM
fsr-3919	100	223	34.75	34.75	NUM
fsr-3919	100	224	%	%	NOUN
fsr-3919	100	225	0.15	0.15	NUM
fsr-3919	100	226	%	%	NOUN
fsr-3919	100	227	0.06	0.06	NUM
fsr-3919	100	228	%	%	NOUN
fsr-3919	100	229	korea	korea	PROPN
fsr-3919	100	230	korea	korea	PROPN
fsr-3919	100	231	equity	equity	PROPN
fsr-3919	100	232	172	172	NUM
fsr-3919	100	233	21.62	21.62	NUM
fsr-3919	100	234	%	%	NOUN
fsr-3919	100	235	20.33	20.33	NUM
fsr-3919	100	236	%	%	NOUN
fsr-3919	100	237	20.16	20.16	NUM
fsr-3919	100	238	%	%	NOUN
fsr-3919	100	239	korea	korea	PROPN
fsr-3919	100	240	korean	korean	PROPN
fsr-3919	100	241	investment	investment	PROPN
fsr-3919	100	242	262	262	NUM
fsr-3919	100	243	3.53	3.53	NUM
fsr-3919	100	244	%	%	NOUN
fsr-3919	100	245	20.13	20.13	NUM
fsr-3919	100	246	%	%	NOUN
fsr-3919	100	247	0.02	0.02	NUM
fsr-3919	100	248	%	%	NOUN
fsr-3919	100	249	malaysia	malaysia	NOUN
fsr-3919	100	250	malaysia	malaysia	NOUN
fsr-3919	101	1	481	481	NUM
fsr-3919	101	2	23.97	23.97	NUM
fsr-3919	101	3	%	%	NOUN
fsr-3919	101	4	0.35	0.35	NUM
fsr-3919	101	5	%	%	NOUN
fsr-3919	101	6	0.35	0.35	NUM
fsr-3919	101	7	%	%	NOUN
fsr-3919	101	8	mexico	mexico	PROPN
fsr-3919	101	9	emerging	emerge	VERB
fsr-3919	101	10	mexico	mexico	PROPN
fsr-3919	101	11	234	234	NUM
fsr-3919	101	12	21.36	21.36	NUM
fsr-3919	101	13	%	%	NOUN
fsr-3919	101	14	0.23	0.23	NUM
fsr-3919	101	15	%	%	NOUN
fsr-3919	101	16	0.20	0.20	NUM
fsr-3919	101	17	%	%	NOUN
fsr-3919	101	18	mexico	mexico	PROPN
fsr-3919	101	19	mexico	mexico	PROPN
fsr-3919	101	20	450	450	NUM
fsr-3919	101	21	210.36	210.36	NUM
fsr-3919	101	22	%	%	NOUN
fsr-3919	101	23	0.54	0.54	NUM
fsr-3919	101	24	%	%	NOUN
fsr-3919	101	25	0.63	0.63	NUM
fsr-3919	101	26	%	%	NOUN
fsr-3919	101	27	mexico	mexico	PROPN
fsr-3919	101	28	mexico	mexico	PROPN
fsr-3919	101	29	equity	equity	PROPN
fsr-3919	101	30	&	&	CCONJ
fsr-3919	101	31	income	income	PROPN
fsr-3919	101	32	297	297	NUM
fsr-3919	101	33	24.03	24.03	NUM
fsr-3919	101	34	%	%	NOUN
fsr-3919	101	35	0.30	0.30	NUM
fsr-3919	101	36	%	%	NOUN
fsr-3919	101	37	0.20	0.20	NUM
fsr-3919	101	38	%	%	NOUN
fsr-3919	101	39	pakistan	pakistan	PROPN
fsr-3919	101	40	pakistan	pakistan	PROPN
fsr-3919	101	41	168212.01	168212.01	NUM
fsr-3919	101	42	%	%	NOUN
fsr-3919	101	43	20.47	20.47	NUM
fsr-3919	101	44	%	%	NOUN
fsr-3919	101	45	20.30	20.30	NUM
fsr-3919	101	46	%	%	NOUN
fsr-3919	101	47	philippines	philippine	NOUN
fsr-3919	101	48	first	first	ADV
fsr-3919	101	49	philippine	philippine	VERB
fsr-3919	101	50	382	382	NUM
fsr-3919	101	51	217.53	217.53	NUM
fsr-3919	101	52	%	%	NOUN
fsr-3919	101	53	0.28	0.28	NUM
fsr-3919	101	54	%	%	NOUN
fsr-3919	101	55	0.29	0.29	NUM
fsr-3919	101	56	%	%	NOUN
fsr-3919	101	57	portugal	portugal	PROPN
fsr-3919	101	58	portugal	portugal	PROPN
fsr-3919	101	59	383	383	NUM
fsr-3919	101	60	27.45	27.45	NUM
fsr-3919	101	61	%	%	NOUN
fsr-3919	101	62	0.11	0.11	NUM
fsr-3919	101	63	%	%	NOUN
fsr-3919	101	64	0.04	0.04	NUM
fsr-3919	101	65	%	%	NOUN
fsr-3919	101	66	singapore	singapore	PROPN
fsr-3919	101	67	singapore	singapore	PROPN
fsr-3919	101	68	346	346	NUM
fsr-3919	101	69	22.00	22.00	NUM
fsr-3919	101	70	%	%	NOUN
fsr-3919	101	71	0.22	0.22	NUM
fsr-3919	101	72	%	%	NOUN
fsr-3919	101	73	0.25	0.25	NUM
fsr-3919	101	74	%	%	NOUN
fsr-3919	101	75	spain	spain	PROPN
fsr-3919	101	76	growth	growth	PROPN
fsr-3919	101	77	fund	fund	NOUN
fsr-3919	101	78	of	of	ADP
fsr-3919	101	79	spain	spain	PROPN
fsr-3919	101	80	366215.41	366215.41	NUM
fsr-3919	101	81	%	%	NOUN
fsr-3919	101	82	0.17	0.17	NUM
fsr-3919	101	83	%	%	NOUN
fsr-3919	101	84	0.16	0.16	NUM
fsr-3919	101	85	%	%	NOUN
fsr-3919	101	86	spain	spain	PROPN
fsr-3919	101	87	spain	spain	PROPN
fsr-3919	101	88	453	453	NUM
fsr-3919	101	89	2.91	2.91	NUM
fsr-3919	101	90	%	%	NOUN
fsr-3919	101	91	0.16	0.16	NUM
fsr-3919	101	92	%	%	NOUN
fsr-3919	101	93	0.12	0.12	NUM
fsr-3919	101	94	%	%	NOUN
fsr-3919	101	95	switzerland	switzerland	PROPN
fsr-3919	101	96	switzerland	switzerland	PROPN
fsr-3919	101	97	481	481	NUM
fsr-3919	101	98	26.44	26.44	NUM
fsr-3919	101	99	%	%	NOUN
fsr-3919	101	100	0.19	0.19	NUM
fsr-3919	101	101	%	%	NOUN
fsr-3919	101	102	0.30	0.30	NUM
fsr-3919	101	103	%	%	NOUN
fsr-3919	101	104	taiwan	taiwan	PROPN
fsr-3919	101	105	roc	roc	PROPN
fsr-3919	101	106	taiwan	taiwan	PROPN
fsr-3919	101	107	409	409	NUM
fsr-3919	101	108	20.02	20.02	NUM
fsr-3919	101	109	%	%	NOUN
fsr-3919	101	110	0.11	0.11	NUM
fsr-3919	101	111	%	%	NOUN
fsr-3919	101	112	0.10	0.10	NUM
fsr-3919	101	113	%	%	NOUN
fsr-3919	101	114	taiwan	taiwan	PROPN
fsr-3919	101	115	taiwan	taiwan	PROPN
fsr-3919	101	116	481	481	NUM
fsr-3919	101	117	13.76	13.76	NUM
fsr-3919	101	118	%	%	NOUN
fsr-3919	101	119	0.52	0.52	NUM
fsr-3919	101	120	%	%	NOUN
fsr-3919	101	121	0.42	0.42	NUM
fsr-3919	101	122	%	%	NOUN
fsr-3919	101	123	thailand	thailand	PROPN
fsr-3919	101	124	thai	thai	PROPN
fsr-3919	101	125	463	463	NUM
fsr-3919	101	126	6.60	6.60	NUM
fsr-3919	101	127	%	%	NOUN
fsr-3919	101	128	0.28	0.28	NUM
fsr-3919	101	129	%	%	NOUN
fsr-3919	101	130	0.27	0.27	NUM
fsr-3919	101	131	%	%	NOUN
fsr-3919	101	132	thailand	thailand	PROPN
fsr-3919	101	133	thai	thai	PROPN
fsr-3919	101	134	capital	capital	PROPN
fsr-3919	101	135	354	354	NUM
fsr-3919	101	136	27.22	27.22	NUM
fsr-3919	101	137	%	%	NOUN
fsr-3919	101	138	0.07	0.07	NUM
fsr-3919	101	139	%	%	NOUN
fsr-3919	101	140	0.06	0.06	NUM
fsr-3919	101	141	%	%	NOUN
fsr-3919	101	142	turkey	turkey	PROPN
fsr-3919	101	143	turkey	turkey	NOUN
fsr-3919	101	144	379	379	NUM
fsr-3919	101	145	7.77	7.77	NUM
fsr-3919	101	146	%	%	NOUN
fsr-3919	101	147	0.12	0.12	NUM
fsr-3919	101	148	%	%	NOUN
fsr-3919	101	149	0.30	0.30	NUM
fsr-3919	101	150	%	%	NOUN
fsr-3919	101	151	united	united	PROPN
fsr-3919	101	152	kingdom	kingdom	PROPN
fsr-3919	101	153	united	united	PROPN
fsr-3919	101	154	kingdom	kingdom	PROPN
fsr-3919	101	155	481	481	NUM
fsr-3919	101	156	213.74	213.74	NUM
fsr-3919	101	157	%	%	NOUN
fsr-3919	101	158	0.21	0.21	NUM
fsr-3919	101	159	%	%	NOUN
fsr-3919	101	160	0.18	0.18	NUM
fsr-3919	101	161	%	%	NOUN
fsr-3919	101	162	175j.e	175j.e	NOUN
fsr-3919	101	163	.	.	PUNCT
fsr-3919	102	1	richard	richard	PROPN
fsr-3919	102	2	,	,	PUNCT
fsr-3919	102	3	j.b	j.b	PROPN
fsr-3919	102	4	.	.	PUNCT
fsr-3919	102	5	wiggins	wiggins	PROPN
fsr-3919	102	6	/	/	SYM
fsr-3919	102	7	financial	financial	ADJ
fsr-3919	102	8	services	service	NOUN
fsr-3919	102	9	review	review	VERB
fsr-3919	102	10	9	9	NUM
fsr-3919	102	11	(	(	PUNCT
fsr-3919	102	12	2000	2000	NUM
fsr-3919	102	13	)	)	PUNCT
fsr-3919	103	1	171–181	171–181	NUM
fsr-3919	103	2	nav	nav	NOUN
fsr-3919	103	3	returnt	returnt	VERB
fsr-3919	103	4	5	5	NUM
fsr-3919	103	5	a0	a0	PROPN
fsr-3919	103	6	1	1	NUM
fsr-3919	103	7	a1premt-1	a1premt-1	PROPN
fsr-3919	103	8	1	1	NUM
fsr-3919	103	9	a2fmrt	a2fmrt	ADJ
fsr-3919	103	10	1	1	NUM
fsr-3919	103	11	a3fxrt	a3fxrt	PROPN
fsr-3919	103	12	1	1	NUM
fsr-3919	103	13	et	et	NOUN
fsr-3919	103	14	(	(	PUNCT
fsr-3919	103	15	2	2	NUM
fsr-3919	103	16	)	)	PUNCT
fsr-3919	103	17	where	where	SCONJ
fsr-3919	103	18	:	:	PUNCT
fsr-3919	103	19	nav	nav	NOUN
fsr-3919	103	20	returnt	returnt	VERB
fsr-3919	103	21	5	5	NUM
fsr-3919	103	22	rate	rate	NOUN
fsr-3919	103	23	of	of	ADP
fsr-3919	103	24	return	return	NOUN
fsr-3919	103	25	on	on	ADP
fsr-3919	103	26	nav	nav	NOUN
fsr-3919	103	27	for	for	ADP
fsr-3919	103	28	week	week	NOUN
fsr-3919	103	29	t	t	PROPN
fsr-3919	103	30	premt-1	premt-1	VERB
fsr-3919	103	31	5	5	NUM
fsr-3919	104	1	[	[	PUNCT
fsr-3919	104	2	cecf	cecf	NOUN
fsr-3919	104	3	share	share	NOUN
fsr-3919	104	4	price	price	NOUN
fsr-3919	104	5	nav]/nav	nav]/nav	PROPN
fsr-3919	104	6	for	for	ADP
fsr-3919	104	7	week	week	NOUN
fsr-3919	104	8	t-1	t-1	PROPN
fsr-3919	104	9	,	,	PUNCT
fsr-3919	104	10	the	the	DET
fsr-3919	104	11	percentage	percentage	NOUN
fsr-3919	104	12	premium	premium	NOUN
fsr-3919	104	13	on	on	ADP
fsr-3919	104	14	the	the	DET
fsr-3919	104	15	fund	fund	NOUN
fsr-3919	104	16	fmrt	fmrt	NOUN
fsr-3919	104	17	5	5	NUM
fsr-3919	104	18	foreign	foreign	ADJ
fsr-3919	104	19	market	market	NOUN
fsr-3919	104	20	rate	rate	NOUN
fsr-3919	104	21	of	of	ADP
fsr-3919	104	22	return	return	NOUN
fsr-3919	104	23	for	for	ADP
fsr-3919	104	24	week	week	NOUN
fsr-3919	104	25	t	t	PROPN
fsr-3919	104	26	,	,	PUNCT
fsr-3919	104	27	measured	measure	VERB
fsr-3919	104	28	in	in	ADP
fsr-3919	104	29	u.s	u.s	PROPN
fsr-3919	104	30	.	.	PROPN
fsr-3919	104	31	dollars	dollars	PROPN
fsr-3919	104	32	fxrt	fxrt	NOUN
fsr-3919	104	33	5	5	NUM
fsr-3919	104	34	percentage	percentage	NOUN
fsr-3919	104	35	change	change	NOUN
fsr-3919	104	36	in	in	ADP
fsr-3919	104	37	the	the	DET
fsr-3919	104	38	spot	spot	ADJ
fsr-3919	104	39	foreign	foreign	ADJ
fsr-3919	104	40	exchange	exchange	NOUN
fsr-3919	104	41	rate	rate	NOUN
fsr-3919	104	42	over	over	ADP
fsr-3919	104	43	week	week	NOUN
fsr-3919	104	44	t	t	PROPN
fsr-3919	104	45	,	,	PUNCT
fsr-3919	104	46	measured	measure	VERB
fsr-3919	104	47	as	as	ADP
fsr-3919	104	48	of	of	ADP
fsr-3919	104	49	the	the	DET
fsr-3919	104	50	close	close	NOUN
fsr-3919	104	51	of	of	ADP
fsr-3919	104	52	trading	trading	NOUN
fsr-3919	104	53	in	in	ADP
fsr-3919	104	54	the	the	DET
fsr-3919	104	55	foreign	foreign	ADJ
fsr-3919	104	56	country	country	NOUN
fsr-3919	104	57	,	,	PUNCT
fsr-3919	104	58	in	in	ADP
fsr-3919	104	59	units	unit	NOUN
fsr-3919	104	60	of	of	ADP
fsr-3919	104	61	u.s	u.s	PROPN
fsr-3919	104	62	.	.	PROPN
fsr-3919	104	63	dollar	dollar	NOUN
fsr-3919	104	64	per	per	ADP
fsr-3919	104	65	unit	unit	NOUN
fsr-3919	104	66	of	of	ADP
fsr-3919	104	67	foreign	foreign	ADJ
fsr-3919	104	68	currency	currency	NOUN
fsr-3919	104	69	the	the	DET
fsr-3919	104	70	foreign	foreign	ADJ
fsr-3919	104	71	market	market	NOUN
fsr-3919	104	72	return	return	NOUN
fsr-3919	104	73	,	,	PUNCT
fsr-3919	104	74	fmrt	fmrt	PROPN
fsr-3919	104	75	,	,	PUNCT
fsr-3919	104	76	is	be	AUX
fsr-3919	104	77	included	include	VERB
fsr-3919	104	78	in	in	ADP
fsr-3919	104	79	the	the	DET
fsr-3919	104	80	regression	regression	NOUN
fsr-3919	104	81	to	to	PART
fsr-3919	104	82	control	control	VERB
fsr-3919	104	83	for	for	ADP
fsr-3919	104	84	the	the	DET
fsr-3919	104	85	market	market	NOUN
fsr-3919	104	86	or	or	CCONJ
fsr-3919	104	87	systematic	systematic	ADJ
fsr-3919	104	88	component	component	NOUN
fsr-3919	104	89	of	of	ADP
fsr-3919	104	90	the	the	DET
fsr-3919	104	91	nav	nav	NOUN
fsr-3919	104	92	return	return	NOUN
fsr-3919	104	93	on	on	ADP
fsr-3919	104	94	the	the	DET
fsr-3919	104	95	fund	fund	NOUN
fsr-3919	104	96	.	.	PUNCT
fsr-3919	105	1	following	follow	VERB
fsr-3919	105	2	bodurtha	bodurtha	VERB
fsr-3919	105	3	et	et	PROPN
fsr-3919	105	4	al	al	PROPN
fsr-3919	105	5	.	.	PROPN
fsr-3919	106	1	(	(	PUNCT
fsr-3919	106	2	1995	1995	NUM
fsr-3919	106	3	)	)	PUNCT
fsr-3919	106	4	and	and	CCONJ
fsr-3919	106	5	hardouvelis	hardouveli	VERB
fsr-3919	106	6	et	et	PROPN
fsr-3919	106	7	al	al	PROPN
fsr-3919	106	8	.	.	PROPN
fsr-3919	107	1	(	(	PUNCT
fsr-3919	107	2	1994	1994	NUM
fsr-3919	107	3	)	)	PUNCT
fsr-3919	107	4	,	,	PUNCT
fsr-3919	107	5	we	we	PRON
fsr-3919	107	6	also	also	ADV
fsr-3919	107	7	include	include	VERB
fsr-3919	107	8	fxrt	fxrt	NOUN
fsr-3919	107	9	,	,	PUNCT
fsr-3919	107	10	the	the	DET
fsr-3919	107	11	change	change	NOUN
fsr-3919	107	12	in	in	ADP
fsr-3919	107	13	foreign	foreign	ADJ
fsr-3919	107	14	exchange	exchange	NOUN
fsr-3919	107	15	rates	rate	NOUN
fsr-3919	107	16	over	over	ADP
fsr-3919	107	17	week	week	NOUN
fsr-3919	107	18	t	t	PROPN
fsr-3919	107	19	,	,	PUNCT
fsr-3919	107	20	as	as	ADP
fsr-3919	107	21	a	a	DET
fsr-3919	107	22	control	control	NOUN
fsr-3919	107	23	variable	variable	NOUN
fsr-3919	107	24	.	.	PUNCT
fsr-3919	108	1	cecfs	cecfs	PROPN
fsr-3919	108	2	may	may	AUX
fsr-3919	108	3	use	use	VERB
fsr-3919	108	4	futures	future	NOUN
fsr-3919	108	5	or	or	CCONJ
fsr-3919	108	6	forward	forward	ADJ
fsr-3919	108	7	contracts	contract	NOUN
fsr-3919	108	8	to	to	PART
fsr-3919	108	9	hedge	hedge	VERB
fsr-3919	108	10	foreign	foreign	ADJ
fsr-3919	108	11	exchange	exchange	NOUN
fsr-3919	108	12	risk	risk	NOUN
fsr-3919	108	13	.	.	PUNCT
fsr-3919	109	1	as	as	ADP
fsr-3919	109	2	a	a	DET
fsr-3919	109	3	result	result	NOUN
fsr-3919	109	4	,	,	PUNCT
fsr-3919	109	5	exchange	exchange	NOUN
fsr-3919	109	6	rate	rate	NOUN
fsr-3919	109	7	fluctuations	fluctuation	NOUN
fsr-3919	109	8	could	could	AUX
fsr-3919	109	9	influence	influence	VERB
fsr-3919	109	10	the	the	DET
fsr-3919	109	11	relation	relation	NOUN
fsr-3919	109	12	between	between	ADP
fsr-3919	109	13	the	the	DET
fsr-3919	109	14	dollar	dollar	NOUN
fsr-3919	109	15	nav	nav	NOUN
fsr-3919	109	16	return	return	NOUN
fsr-3919	109	17	and	and	CCONJ
fsr-3919	109	18	the	the	DET
fsr-3919	109	19	dollar	dollar	NOUN
fsr-3919	109	20	foreign	foreign	ADJ
fsr-3919	109	21	market	market	NOUN
fsr-3919	109	22	index	index	NOUN
fsr-3919	109	23	return	return	NOUN
fsr-3919	109	24	.	.	PUNCT
fsr-3919	110	1	we	we	PRON
fsr-3919	110	2	restrict	restrict	VERB
fsr-3919	110	3	the	the	DET
fsr-3919	110	4	coefficient	coefficient	NOUN
fsr-3919	110	5	a1	a1	NOUN
fsr-3919	110	6	to	to	PART
fsr-3919	110	7	be	be	AUX
fsr-3919	110	8	equal	equal	ADJ
fsr-3919	110	9	across	across	ADP
fsr-3919	110	10	all	all	DET
fsr-3919	110	11	30	30	NUM
fsr-3919	110	12	funds	fund	NOUN
fsr-3919	110	13	in	in	ADP
fsr-3919	110	14	estimating	estimate	VERB
fsr-3919	110	15	the	the	DET
fsr-3919	110	16	sur	sur	PROPN
fsr-3919	110	17	system	system	NOUN
fsr-3919	110	18	.	.	PUNCT
fsr-3919	111	1	by	by	ADP
fsr-3919	111	2	applying	apply	VERB
fsr-3919	111	3	this	this	DET
fsr-3919	111	4	restriction	restriction	NOUN
fsr-3919	111	5	,	,	PUNCT
fsr-3919	111	6	a1	a1	NOUN
fsr-3919	111	7	can	can	AUX
fsr-3919	111	8	be	be	AUX
fsr-3919	111	9	interpreted	interpret	VERB
fsr-3919	111	10	as	as	ADP
fsr-3919	111	11	the	the	DET
fsr-3919	111	12	marginal	marginal	ADJ
fsr-3919	111	13	sensitivity	sensitivity	NOUN
fsr-3919	111	14	of	of	ADP
fsr-3919	111	15	the	the	DET
fsr-3919	111	16	week	week	NOUN
fsr-3919	111	17	t	t	PROPN
fsr-3919	111	18	nav	nav	PROPN
fsr-3919	111	19	return	return	VERB
fsr-3919	111	20	to	to	ADP
fsr-3919	111	21	the	the	DET
fsr-3919	111	22	deviation	deviation	NOUN
fsr-3919	111	23	of	of	ADP
fsr-3919	111	24	the	the	DET
fsr-3919	111	25	week	week	NOUN
fsr-3919	111	26	t-1	t-1	PROPN
fsr-3919	111	27	premium	premium	NOUN
fsr-3919	111	28	from	from	ADP
fsr-3919	111	29	the	the	DET
fsr-3919	111	30	mean	mean	NOUN
fsr-3919	111	31	across	across	ADP
fsr-3919	111	32	all	all	DET
fsr-3919	111	33	funds	fund	NOUN
fsr-3919	111	34	and	and	CCONJ
fsr-3919	111	35	dates	date	NOUN
fsr-3919	111	36	.	.	PUNCT
fsr-3919	112	1	coefficients	coefficient	NOUN
fsr-3919	112	2	on	on	ADP
fsr-3919	112	3	fmrt	fmrt	PROPN
fsr-3919	112	4	and	and	CCONJ
fsr-3919	112	5	fxrt	fxrt	NOUN
fsr-3919	112	6	are	be	AUX
fsr-3919	112	7	unrestricted	unrestricted	ADJ
fsr-3919	112	8	,	,	PUNCT
fsr-3919	112	9	so	so	ADV
fsr-3919	112	10	each	each	DET
fsr-3919	112	11	fund	fund	NOUN
fsr-3919	112	12	has	have	VERB
fsr-3919	112	13	its	its	PRON
fsr-3919	112	14	own	own	ADJ
fsr-3919	112	15	beta	beta	NOUN
fsr-3919	112	16	with	with	ADP
fsr-3919	112	17	respect	respect	NOUN
fsr-3919	112	18	to	to	ADP
fsr-3919	112	19	its	its	PRON
fsr-3919	112	20	foreign	foreign	ADJ
fsr-3919	112	21	market	market	NOUN
fsr-3919	112	22	and	and	CCONJ
fsr-3919	112	23	its	its	PRON
fsr-3919	112	24	own	own	ADJ
fsr-3919	112	25	sensitivity	sensitivity	NOUN
fsr-3919	112	26	to	to	ADP
fsr-3919	112	27	foreign	foreign	ADJ
fsr-3919	112	28	exchange	exchange	NOUN
fsr-3919	112	29	fluctuations	fluctuation	NOUN
fsr-3919	112	30	.	.	PUNCT
fsr-3919	113	1	our	our	PRON
fsr-3919	113	2	specification	specification	NOUN
fsr-3919	113	3	is	be	AUX
fsr-3919	113	4	somewhat	somewhat	ADV
fsr-3919	113	5	more	more	ADV
fsr-3919	113	6	flexible	flexible	ADJ
fsr-3919	113	7	than	than	ADP
fsr-3919	113	8	hardouvelis	hardouvelis	PROPN
fsr-3919	113	9	et	et	PROPN
fsr-3919	113	10	al	al	PROPN
fsr-3919	113	11	.	.	PROPN
fsr-3919	114	1	(	(	PUNCT
fsr-3919	114	2	1994	1994	NUM
fsr-3919	114	3	)	)	PUNCT
fsr-3919	114	4	,	,	PUNCT
fsr-3919	115	1	who	who	PRON
fsr-3919	115	2	restrict	restrict	VERB
fsr-3919	115	3	the	the	DET
fsr-3919	115	4	fmrt	fmrt	NOUN
fsr-3919	115	5	and	and	CCONJ
fsr-3919	115	6	fxrt	fxrt	NOUN
fsr-3919	115	7	coefficients	coefficient	NOUN
fsr-3919	115	8	to	to	PART
fsr-3919	115	9	be	be	AUX
fsr-3919	115	10	the	the	DET
fsr-3919	115	11	same	same	ADJ
fsr-3919	115	12	across	across	ADP
fsr-3919	115	13	funds	fund	NOUN
fsr-3919	115	14	.	.	PUNCT
fsr-3919	116	1	the	the	DET
fsr-3919	116	2	null	null	ADJ
fsr-3919	116	3	hypothesis	hypothesis	NOUN
fsr-3919	116	4	is	be	AUX
fsr-3919	116	5	a1	a1	NOUN
fsr-3919	116	6	5	5	NUM
fsr-3919	116	7	0	0	NUM
fsr-3919	116	8	,	,	PUNCT
fsr-3919	116	9	that	that	SCONJ
fsr-3919	116	10	the	the	DET
fsr-3919	116	11	cecf	cecf	PROPN
fsr-3919	116	12	premium	premium	NOUN
fsr-3919	116	13	contains	contain	VERB
fsr-3919	116	14	no	no	DET
fsr-3919	116	15	information	information	NOUN
fsr-3919	116	16	about	about	ADP
fsr-3919	116	17	the	the	DET
fsr-3919	116	18	future	future	ADJ
fsr-3919	116	19	nav	nav	NOUN
fsr-3919	116	20	return	return	NOUN
fsr-3919	116	21	on	on	ADP
fsr-3919	116	22	the	the	DET
fsr-3919	116	23	fund	fund	NOUN
fsr-3919	116	24	,	,	PUNCT
fsr-3919	116	25	controlling	control	VERB
fsr-3919	116	26	for	for	ADP
fsr-3919	116	27	other	other	ADJ
fsr-3919	116	28	variables	variable	NOUN
fsr-3919	116	29	.	.	PUNCT
fsr-3919	117	1	if	if	SCONJ
fsr-3919	117	2	investment	investment	NOUN
fsr-3919	117	3	restrictions	restriction	NOUN
fsr-3919	117	4	(	(	PUNCT
fsr-3919	117	5	errunza	errunza	ADJ
fsr-3919	117	6	,	,	PUNCT
fsr-3919	117	7	1991	1991	NUM
fsr-3919	117	8	)	)	PUNCT
fsr-3919	117	9	cause	cause	VERB
fsr-3919	117	10	premiums	premium	NOUN
fsr-3919	117	11	to	to	PART
fsr-3919	117	12	vary	vary	VERB
fsr-3919	117	13	across	across	ADP
fsr-3919	117	14	funds	fund	NOUN
fsr-3919	117	15	,	,	PUNCT
fsr-3919	117	16	our	our	PRON
fsr-3919	117	17	test	test	NOUN
fsr-3919	117	18	remains	remain	VERB
fsr-3919	117	19	valid	valid	ADJ
fsr-3919	117	20	but	but	CCONJ
fsr-3919	117	21	is	be	AUX
fsr-3919	117	22	less	less	ADV
fsr-3919	117	23	powerful	powerful	ADJ
fsr-3919	117	24	than	than	SCONJ
fsr-3919	117	25	it	it	PRON
fsr-3919	117	26	would	would	AUX
fsr-3919	117	27	be	be	AUX
fsr-3919	117	28	without	without	ADP
fsr-3919	117	29	such	such	ADJ
fsr-3919	117	30	confounding	confound	VERB
fsr-3919	117	31	factors	factor	NOUN
fsr-3919	117	32	.	.	PUNCT
fsr-3919	118	1	weekly	weekly	ADJ
fsr-3919	118	2	returns	return	NOUN
fsr-3919	118	3	for	for	ADP
fsr-3919	118	4	all	all	DET
fsr-3919	118	5	variables	variable	NOUN
fsr-3919	118	6	in	in	ADP
fsr-3919	118	7	eq	eq	ADP
fsr-3919	118	8	.	.	PUNCT
fsr-3919	119	1	(	(	PUNCT
fsr-3919	119	2	2	2	X
fsr-3919	119	3	)	)	PUNCT
fsr-3919	119	4	are	be	AUX
fsr-3919	119	5	measured	measure	VERB
fsr-3919	119	6	friday	friday	PROPN
fsr-3919	119	7	-	-	PUNCT
fsr-3919	119	8	to	to	ADP
fsr-3919	119	9	-	-	PUNCT
fsr-3919	119	10	friday	friday	PROPN
fsr-3919	119	11	for	for	ADP
fsr-3919	119	12	funds	fund	NOUN
fsr-3919	119	13	reporting	report	VERB
fsr-3919	119	14	nav	nav	NOUN
fsr-3919	119	15	on	on	ADP
fsr-3919	119	16	friday	friday	PROPN
fsr-3919	119	17	,	,	PUNCT
fsr-3919	119	18	thursday	thursday	PROPN
fsr-3919	119	19	-	-	PUNCT
fsr-3919	119	20	to	to	ADP
fsr-3919	119	21	-	-	PUNCT
fsr-3919	119	22	thursday	thursday	PROPN
fsr-3919	119	23	for	for	ADP
fsr-3919	119	24	funds	fund	NOUN
fsr-3919	119	25	reporting	report	VERB
fsr-3919	119	26	nav	nav	NOUN
fsr-3919	119	27	on	on	ADP
fsr-3919	119	28	thursday	thursday	PROPN
fsr-3919	119	29	,	,	PUNCT
fsr-3919	119	30	and	and	CCONJ
fsr-3919	119	31	wednesday	wednesday	PROPN
fsr-3919	119	32	-	-	PUNCT
fsr-3919	119	33	to	to	ADP
fsr-3919	119	34	-	-	PUNCT
fsr-3919	119	35	wednesday	wednesday	PROPN
fsr-3919	119	36	for	for	ADP
fsr-3919	119	37	the	the	DET
fsr-3919	119	38	india	india	PROPN
fsr-3919	119	39	growth	growth	PROPN
fsr-3919	119	40	fund	fund	PROPN
fsr-3919	119	41	.	.	PUNCT
fsr-3919	120	1	cecf	cecf	PROPN
fsr-3919	120	2	shares	share	NOUN
fsr-3919	120	3	trade	trade	VERB
fsr-3919	120	4	on	on	ADP
fsr-3919	120	5	the	the	DET
fsr-3919	120	6	nyse	nyse	PROPN
fsr-3919	120	7	until	until	ADP
fsr-3919	120	8	4	4	NUM
fsr-3919	120	9	p.m.	p.m.	NOUN
fsr-3919	120	10	,	,	PUNCT
fsr-3919	120	11	but	but	CCONJ
fsr-3919	120	12	the	the	DET
fsr-3919	120	13	underlying	underlie	VERB
fsr-3919	120	14	foreign	foreign	ADJ
fsr-3919	120	15	market	market	NOUN
fsr-3919	120	16	closes	close	VERB
fsr-3919	120	17	earlier	early	ADV
fsr-3919	120	18	.	.	PUNCT
fsr-3919	121	1	thus	thus	ADV
fsr-3919	121	2	,	,	PUNCT
fsr-3919	121	3	the	the	DET
fsr-3919	121	4	end	end	NOUN
fsr-3919	121	5	-	-	PUNCT
fsr-3919	121	6	of	of	ADP
fsr-3919	121	7	-	-	PUNCT
fsr-3919	121	8	week	week	NOUN
fsr-3919	121	9	t-1	t-1	PROPN
fsr-3919	121	10	cecf	cecf	PROPN
fsr-3919	121	11	share	share	NOUN
fsr-3919	121	12	price	price	NOUN
fsr-3919	121	13	inevitably	inevitably	ADV
fsr-3919	121	14	contains	contain	VERB
fsr-3919	121	15	some	some	DET
fsr-3919	121	16	information	information	NOUN
fsr-3919	121	17	about	about	ADP
fsr-3919	121	18	the	the	DET
fsr-3919	121	19	week	week	NOUN
fsr-3919	121	20	t	t	NOUN
fsr-3919	121	21	foreign	foreign	ADJ
fsr-3919	121	22	market	market	NOUN
fsr-3919	121	23	return	return	NOUN
fsr-3919	121	24	not	not	PART
fsr-3919	121	25	yet	yet	ADV
fsr-3919	121	26	incorporated	incorporate	VERB
fsr-3919	121	27	into	into	ADP
fsr-3919	121	28	end	end	NOUN
fsr-3919	121	29	-	-	PUNCT
fsr-3919	121	30	of	of	ADP
fsr-3919	121	31	-	-	PUNCT
fsr-3919	121	32	week	week	NOUN
fsr-3919	121	33	t-1	t-1	PROPN
fsr-3919	121	34	nav	nav	PROPN
fsr-3919	121	35	.	.	PUNCT
fsr-3919	122	1	this	this	DET
fsr-3919	122	2	nonsynchronicity	nonsynchronicity	NOUN
fsr-3919	122	3	induces	induce	VERB
fsr-3919	122	4	a	a	DET
fsr-3919	122	5	spurious	spurious	ADJ
fsr-3919	122	6	positive	positive	ADJ
fsr-3919	122	7	correlation	correlation	NOUN
fsr-3919	122	8	between	between	ADP
fsr-3919	122	9	the	the	DET
fsr-3919	122	10	week	week	NOUN
fsr-3919	122	11	t-1	t-1	PROPN
fsr-3919	122	12	premium	premium	NOUN
fsr-3919	122	13	and	and	CCONJ
fsr-3919	122	14	the	the	DET
fsr-3919	122	15	week	week	NOUN
fsr-3919	122	16	t	t	PROPN
fsr-3919	122	17	nav	nav	NOUN
fsr-3919	122	18	return	return	VERB
fsr-3919	122	19	.	.	PUNCT
fsr-3919	123	1	however	however	ADV
fsr-3919	123	2	,	,	PUNCT
fsr-3919	123	3	our	our	PRON
fsr-3919	123	4	multivariate	multivariate	NOUN
fsr-3919	123	5	tests	test	NOUN
fsr-3919	123	6	should	should	AUX
fsr-3919	123	7	be	be	AUX
fsr-3919	123	8	free	free	ADJ
fsr-3919	123	9	of	of	ADP
fsr-3919	123	10	bias	bias	NOUN
fsr-3919	123	11	because	because	SCONJ
fsr-3919	123	12	we	we	PRON
fsr-3919	123	13	include	include	VERB
fsr-3919	123	14	the	the	DET
fsr-3919	123	15	week	week	NOUN
fsr-3919	123	16	t	t	NOUN
fsr-3919	123	17	foreign	foreign	ADJ
fsr-3919	123	18	market	market	NOUN
fsr-3919	123	19	return	return	NOUN
fsr-3919	123	20	fmrt	fmrt	NOUN
fsr-3919	123	21	as	as	ADP
fsr-3919	123	22	a	a	DET
fsr-3919	123	23	regressor	regressor	NOUN
fsr-3919	123	24	.	.	PUNCT
fsr-3919	124	1	fmrt	fmrt	PROPN
fsr-3919	124	2	captures	capture	VERB
fsr-3919	124	3	any	any	DET
fsr-3919	124	4	information	information	NOUN
fsr-3919	124	5	about	about	ADP
fsr-3919	124	6	the	the	DET
fsr-3919	124	7	foreign	foreign	ADJ
fsr-3919	124	8	market	market	NOUN
fsr-3919	124	9	return	return	NOUN
fsr-3919	124	10	between	between	ADP
fsr-3919	124	11	the	the	DET
fsr-3919	124	12	foreign	foreign	ADJ
fsr-3919	124	13	market	market	NOUN
fsr-3919	124	14	and	and	CCONJ
fsr-3919	124	15	nyse	nyse	NOUN
fsr-3919	124	16	close	close	ADJ
fsr-3919	124	17	on	on	ADP
fsr-3919	124	18	the	the	DET
fsr-3919	124	19	last	last	ADJ
fsr-3919	124	20	day	day	NOUN
fsr-3919	124	21	of	of	ADP
fsr-3919	124	22	week	week	NOUN
fsr-3919	124	23	t-1	t-1	PROPN
fsr-3919	124	24	that	that	PRON
fsr-3919	124	25	gets	get	AUX
fsr-3919	124	26	reflected	reflect	VERB
fsr-3919	124	27	in	in	ADP
fsr-3919	124	28	the	the	DET
fsr-3919	124	29	week	week	NOUN
fsr-3919	124	30	t-1	t-1	PROPN
fsr-3919	124	31	premium	premium	NOUN
fsr-3919	124	32	.	.	PUNCT
fsr-3919	125	1	to	to	PART
fsr-3919	125	2	see	see	VERB
fsr-3919	125	3	if	if	SCONJ
fsr-3919	125	4	cecf	cecf	PROPN
fsr-3919	125	5	premiums	premium	NOUN
fsr-3919	125	6	have	have	VERB
fsr-3919	125	7	information	information	NOUN
fsr-3919	125	8	content	content	NOUN
fsr-3919	125	9	for	for	ADP
fsr-3919	125	10	future	future	ADJ
fsr-3919	125	11	foreign	foreign	ADJ
fsr-3919	125	12	market	market	NOUN
fsr-3919	125	13	returns	return	NOUN
fsr-3919	125	14	,	,	PUNCT
fsr-3919	125	15	we	we	PRON
fsr-3919	125	16	regress	regress	ADJ
fsr-3919	125	17	foreign	foreign	ADJ
fsr-3919	125	18	market	market	NOUN
fsr-3919	125	19	index	index	NOUN
fsr-3919	125	20	returns	return	NOUN
fsr-3919	125	21	in	in	ADP
fsr-3919	125	22	week	week	NOUN
fsr-3919	125	23	t	t	NOUN
fsr-3919	125	24	on	on	ADP
fsr-3919	125	25	the	the	DET
fsr-3919	125	26	cecf	cecf	NOUN
fsr-3919	125	27	premium	premium	NOUN
fsr-3919	125	28	at	at	ADP
fsr-3919	125	29	the	the	DET
fsr-3919	125	30	end	end	NOUN
fsr-3919	125	31	of	of	ADP
fsr-3919	125	32	week	week	NOUN
fsr-3919	125	33	t-1	t-1	PROPN
fsr-3919	125	34	and	and	CCONJ
fsr-3919	125	35	the	the	DET
fsr-3919	125	36	return	return	NOUN
fsr-3919	125	37	on	on	ADP
fsr-3919	125	38	the	the	DET
fsr-3919	125	39	world	world	NOUN
fsr-3919	125	40	market	market	NOUN
fsr-3919	125	41	portfolio	portfolio	NOUN
fsr-3919	125	42	in	in	ADP
fsr-3919	125	43	week	week	NOUN
fsr-3919	125	44	t	t	NOUN
fsr-3919	125	45	for	for	ADP
fsr-3919	125	46	each	each	PRON
fsr-3919	125	47	of	of	ADP
fsr-3919	125	48	the	the	DET
fsr-3919	125	49	38	38	NUM
fsr-3919	125	50	individual	individual	ADJ
fsr-3919	125	51	funds	fund	NOUN
fsr-3919	125	52	:	:	PUNCT
fsr-3919	125	53	fmrt	fmrt	NOUN
fsr-3919	125	54	5	5	NUM
fsr-3919	125	55	b0	b0	NOUN
fsr-3919	125	56	1	1	NUM
fsr-3919	125	57	b1premt-1	b1premt-1	NOUN
fsr-3919	125	58	1	1	NUM
fsr-3919	125	59	b2wmrt	b2wmrt	NOUN
fsr-3919	125	60	1	1	NUM
fsr-3919	125	61	et	et	NOUN
fsr-3919	125	62	(	(	PUNCT
fsr-3919	125	63	3	3	NUM
fsr-3919	125	64	)	)	PUNCT
fsr-3919	125	65	where	where	SCONJ
fsr-3919	125	66	:	:	PUNCT
fsr-3919	125	67	176	176	NUM
fsr-3919	125	68	j.e	j.e	PROPN
fsr-3919	125	69	.	.	PROPN
fsr-3919	125	70	richard	richard	PROPN
fsr-3919	125	71	,	,	PUNCT
fsr-3919	125	72	j.b	j.b	PROPN
fsr-3919	125	73	.	.	PUNCT
fsr-3919	125	74	wiggins	wiggins	PROPN
fsr-3919	125	75	/	/	SYM
fsr-3919	125	76	financial	financial	ADJ
fsr-3919	125	77	services	service	NOUN
fsr-3919	125	78	review	review	VERB
fsr-3919	125	79	9	9	NUM
fsr-3919	125	80	(	(	PUNCT
fsr-3919	125	81	2000	2000	NUM
fsr-3919	125	82	)	)	PUNCT
fsr-3919	126	1	171–181	171–181	NUM
fsr-3919	126	2	fmrt	fmrt	VERB
fsr-3919	126	3	5	5	NUM
fsr-3919	126	4	foreign	foreign	ADJ
fsr-3919	126	5	market	market	NOUN
fsr-3919	126	6	rate	rate	NOUN
fsr-3919	126	7	of	of	ADP
fsr-3919	126	8	return	return	NOUN
fsr-3919	126	9	for	for	ADP
fsr-3919	126	10	week	week	NOUN
fsr-3919	126	11	t	t	PROPN
fsr-3919	126	12	,	,	PUNCT
fsr-3919	126	13	measured	measure	VERB
fsr-3919	126	14	in	in	ADP
fsr-3919	126	15	u.s	u.s	PROPN
fsr-3919	126	16	.	.	PROPN
fsr-3919	126	17	dollars	dollar	NOUN
fsr-3919	126	18	premt-1	premt-1	VERB
fsr-3919	126	19	5	5	NUM
fsr-3919	127	1	[	[	PUNCT
fsr-3919	127	2	cecf	cecf	NOUN
fsr-3919	127	3	share	share	NOUN
fsr-3919	127	4	price	price	NOUN
fsr-3919	127	5	nav]/nav	nav]/nav	NOUN
fsr-3919	127	6	at	at	ADP
fsr-3919	127	7	the	the	DET
fsr-3919	127	8	end	end	NOUN
fsr-3919	127	9	of	of	ADP
fsr-3919	127	10	week	week	NOUN
fsr-3919	127	11	t-1	t-1	PROPN
fsr-3919	127	12	wmrt	wmrt	PROPN
fsr-3919	127	13	5	5	NUM
fsr-3919	127	14	msci	msci	PROPN
fsr-3919	127	15	world	world	NOUN
fsr-3919	127	16	market	market	NOUN
fsr-3919	127	17	rate	rate	NOUN
fsr-3919	127	18	of	of	ADP
fsr-3919	127	19	return	return	NOUN
fsr-3919	127	20	for	for	ADP
fsr-3919	127	21	week	week	NOUN
fsr-3919	127	22	t	t	PROPN
fsr-3919	127	23	,	,	PUNCT
fsr-3919	127	24	measured	measure	VERB
fsr-3919	127	25	in	in	ADP
fsr-3919	127	26	u.s	u.s	PROPN
fsr-3919	127	27	.	.	PROPN
fsr-3919	127	28	dollars	dollar	NOUN
fsr-3919	127	29	since	since	SCONJ
fsr-3919	127	30	individual	individual	ADJ
fsr-3919	127	31	foreign	foreign	ADJ
fsr-3919	127	32	market	market	NOUN
fsr-3919	127	33	returns	return	NOUN
fsr-3919	127	34	are	be	AUX
fsr-3919	127	35	influenced	influence	VERB
fsr-3919	127	36	by	by	ADP
fsr-3919	127	37	the	the	DET
fsr-3919	127	38	contemporaneous	contemporaneous	ADJ
fsr-3919	127	39	world	world	NOUN
fsr-3919	127	40	market	market	NOUN
fsr-3919	127	41	return	return	NOUN
fsr-3919	127	42	,	,	PUNCT
fsr-3919	127	43	wmrt	wmrt	NOUN
fsr-3919	127	44	is	be	AUX
fsr-3919	127	45	included	include	VERB
fsr-3919	127	46	as	as	ADP
fsr-3919	127	47	a	a	DET
fsr-3919	127	48	control	control	NOUN
fsr-3919	127	49	variable	variable	NOUN
fsr-3919	127	50	.	.	PUNCT
fsr-3919	128	1	the	the	DET
fsr-3919	128	2	null	null	ADJ
fsr-3919	128	3	hypothesis	hypothesis	NOUN
fsr-3919	128	4	of	of	ADP
fsr-3919	128	5	interest	interest	NOUN
fsr-3919	128	6	is	be	AUX
fsr-3919	128	7	b1	b1	NOUN
fsr-3919	128	8	5	5	NUM
fsr-3919	128	9	0	0	NUM
fsr-3919	128	10	,	,	PUNCT
fsr-3919	128	11	that	that	SCONJ
fsr-3919	128	12	the	the	DET
fsr-3919	128	13	premium	premium	NOUN
fsr-3919	128	14	does	do	AUX
fsr-3919	128	15	not	not	PART
fsr-3919	128	16	predict	predict	VERB
fsr-3919	128	17	the	the	DET
fsr-3919	128	18	subsequent	subsequent	ADJ
fsr-3919	128	19	week	week	NOUN
fsr-3919	128	20	’s	’s	PART
fsr-3919	128	21	foreign	foreign	ADJ
fsr-3919	128	22	market	market	NOUN
fsr-3919	128	23	return	return	NOUN
fsr-3919	128	24	.	.	PUNCT
fsr-3919	129	1	since	since	SCONJ
fsr-3919	129	2	we	we	PRON
fsr-3919	129	3	can	can	AUX
fsr-3919	129	4	test	test	VERB
fsr-3919	129	5	this	this	DET
fsr-3919	129	6	hypothesis	hypothesis	NOUN
fsr-3919	129	7	by	by	ADP
fsr-3919	129	8	running	run	VERB
fsr-3919	129	9	individual	individual	ADJ
fsr-3919	129	10	regressions	regression	NOUN
fsr-3919	129	11	for	for	ADP
fsr-3919	129	12	each	each	DET
fsr-3919	129	13	fund	fund	NOUN
fsr-3919	129	14	,	,	PUNCT
fsr-3919	129	15	funds	fund	NOUN
fsr-3919	129	16	from	from	ADP
fsr-3919	129	17	countries	country	NOUN
fsr-3919	129	18	with	with	ADP
fsr-3919	129	19	strict	strict	ADJ
fsr-3919	129	20	investment	investment	NOUN
fsr-3919	129	21	restrictions	restriction	NOUN
fsr-3919	129	22	stay	stay	VERB
fsr-3919	129	23	separate	separate	ADJ
fsr-3919	129	24	from	from	ADP
fsr-3919	129	25	funds	fund	NOUN
fsr-3919	129	26	in	in	ADP
fsr-3919	129	27	more	more	ADV
fsr-3919	129	28	open	open	ADJ
fsr-3919	129	29	markets	market	NOUN
fsr-3919	129	30	.	.	PUNCT
fsr-3919	130	1	as	as	SCONJ
fsr-3919	130	2	noted	note	VERB
fsr-3919	130	3	earlier	early	ADV
fsr-3919	130	4	,	,	PUNCT
fsr-3919	130	5	the	the	DET
fsr-3919	130	6	nyse	nyse	PROPN
fsr-3919	130	7	closes	close	VERB
fsr-3919	130	8	at	at	ADP
fsr-3919	130	9	4	4	NUM
fsr-3919	130	10	p.m.	p.m.	NOUN
fsr-3919	130	11	eastern	eastern	ADJ
fsr-3919	130	12	time	time	NOUN
fsr-3919	130	13	but	but	CCONJ
fsr-3919	130	14	most	most	ADJ
fsr-3919	130	15	foreign	foreign	ADJ
fsr-3919	130	16	markets	market	NOUN
fsr-3919	130	17	close	close	ADV
fsr-3919	130	18	earlier	early	ADV
fsr-3919	130	19	.	.	PUNCT
fsr-3919	131	1	the	the	DET
fsr-3919	131	2	time	time	NOUN
fsr-3919	131	3	lag	lag	NOUN
fsr-3919	131	4	is	be	AUX
fsr-3919	131	5	particularly	particularly	ADV
fsr-3919	131	6	long	long	ADJ
fsr-3919	131	7	for	for	ADP
fsr-3919	131	8	asian	asian	ADJ
fsr-3919	131	9	funds	fund	NOUN
fsr-3919	131	10	,	,	PUNCT
fsr-3919	131	11	where	where	SCONJ
fsr-3919	131	12	markets	market	NOUN
fsr-3919	131	13	can	can	AUX
fsr-3919	131	14	close	close	VERB
fsr-3919	131	15	12	12	NUM
fsr-3919	131	16	hr	hr	NOUN
fsr-3919	131	17	or	or	CCONJ
fsr-3919	131	18	more	more	ADJ
fsr-3919	131	19	before	before	ADP
fsr-3919	131	20	the	the	DET
fsr-3919	131	21	nyse	nyse	PROPN
fsr-3919	131	22	.	.	PUNCT
fsr-3919	132	1	because	because	SCONJ
fsr-3919	132	2	of	of	ADP
fsr-3919	132	3	this	this	DET
fsr-3919	132	4	time	time	NOUN
fsr-3919	132	5	lag	lag	PROPN
fsr-3919	132	6	,	,	PUNCT
fsr-3919	132	7	the	the	DET
fsr-3919	132	8	cecf	cecf	PROPN
fsr-3919	132	9	premium	premium	NOUN
fsr-3919	132	10	could	could	AUX
fsr-3919	132	11	contain	contain	VERB
fsr-3919	132	12	information	information	NOUN
fsr-3919	132	13	about	about	ADP
fsr-3919	132	14	the	the	DET
fsr-3919	132	15	“	"	PUNCT
fsr-3919	132	16	true	true	ADJ
fsr-3919	132	17	”	"	PUNCT
fsr-3919	132	18	(	(	PUNCT
fsr-3919	132	19	though	though	SCONJ
fsr-3919	132	20	as	as	ADP
fsr-3919	132	21	yet	yet	ADV
fsr-3919	132	22	unobservable	unobservable	ADJ
fsr-3919	132	23	)	)	PUNCT
fsr-3919	132	24	return	return	VERB
fsr-3919	132	25	on	on	ADP
fsr-3919	132	26	the	the	DET
fsr-3919	132	27	foreign	foreign	ADJ
fsr-3919	132	28	index	index	NOUN
fsr-3919	132	29	between	between	ADP
fsr-3919	132	30	the	the	DET
fsr-3919	132	31	foreign	foreign	ADJ
fsr-3919	132	32	market	market	NOUN
fsr-3919	132	33	close	close	ADV
fsr-3919	132	34	and	and	CCONJ
fsr-3919	132	35	the	the	DET
fsr-3919	132	36	u.s	u.s	PROPN
fsr-3919	132	37	.	.	PROPN
fsr-3919	132	38	market	market	NOUN
fsr-3919	132	39	close	close	NOUN
fsr-3919	132	40	.	.	PUNCT
fsr-3919	133	1	to	to	PART
fsr-3919	133	2	avoid	avoid	VERB
fsr-3919	133	3	any	any	DET
fsr-3919	133	4	spurious	spurious	ADJ
fsr-3919	133	5	correlation	correlation	NOUN
fsr-3919	133	6	resulting	result	VERB
fsr-3919	133	7	from	from	ADP
fsr-3919	133	8	the	the	DET
fsr-3919	133	9	time	time	NOUN
fsr-3919	133	10	lag	lag	NOUN
fsr-3919	133	11	,	,	PUNCT
fsr-3919	133	12	for	for	ADP
fsr-3919	133	13	funds	fund	NOUN
fsr-3919	133	14	reporting	report	VERB
fsr-3919	133	15	nav	nav	NOUN
fsr-3919	133	16	on	on	ADP
fsr-3919	133	17	friday	friday	PROPN
fsr-3919	133	18	,	,	PUNCT
fsr-3919	133	19	foreign	foreign	ADJ
fsr-3919	133	20	market	market	NOUN
fsr-3919	133	21	and	and	CCONJ
fsr-3919	133	22	world	world	NOUN
fsr-3919	133	23	market	market	NOUN
fsr-3919	133	24	returns	return	NOUN
fsr-3919	133	25	are	be	AUX
fsr-3919	133	26	measured	measure	VERB
fsr-3919	133	27	over	over	ADP
fsr-3919	133	28	the	the	DET
fsr-3919	133	29	following	follow	VERB
fsr-3919	133	30	monday	monday	PROPN
fsr-3919	133	31	close	close	PROPN
fsr-3919	133	32	-	-	PUNCT
fsr-3919	133	33	to	to	ADP
fsr-3919	133	34	-	-	PUNCT
fsr-3919	133	35	monday	monday	PROPN
fsr-3919	133	36	close	close	ADJ
fsr-3919	133	37	week	week	NOUN
fsr-3919	133	38	.	.	PUNCT
fsr-3919	134	1	funds	fund	NOUN
fsr-3919	134	2	reporting	report	VERB
fsr-3919	134	3	nav	nav	NOUN
fsr-3919	134	4	on	on	ADP
fsr-3919	134	5	thursday	thursday	PROPN
fsr-3919	134	6	and	and	CCONJ
fsr-3919	134	7	wednesday	wednesday	PROPN
fsr-3919	134	8	use	use	VERB
fsr-3919	134	9	friday	friday	PROPN
fsr-3919	134	10	-	-	PUNCT
fsr-3919	134	11	to	to	ADP
fsr-3919	134	12	-	-	PUNCT
fsr-3919	134	13	friday	friday	PROPN
fsr-3919	134	14	and	and	CCONJ
fsr-3919	134	15	thursday	thursday	PROPN
fsr-3919	134	16	-	-	PUNCT
fsr-3919	134	17	to	to	ADP
fsr-3919	134	18	-	-	PUNCT
fsr-3919	134	19	thursday	thursday	NOUN
fsr-3919	134	20	foreign	foreign	ADJ
fsr-3919	134	21	and	and	CCONJ
fsr-3919	134	22	world	world	NOUN
fsr-3919	134	23	market	market	NOUN
fsr-3919	134	24	returns	return	NOUN
fsr-3919	134	25	respectively	respectively	ADV
fsr-3919	134	26	.	.	PUNCT
fsr-3919	135	1	4	4	X
fsr-3919	135	2	.	.	X
fsr-3919	135	3	empirical	empirical	ADJ
fsr-3919	135	4	results	result	NOUN
fsr-3919	135	5	table	table	NOUN
fsr-3919	135	6	2	2	NUM
fsr-3919	135	7	presents	present	NOUN
fsr-3919	135	8	regression	regression	NOUN
fsr-3919	135	9	results	result	NOUN
fsr-3919	135	10	from	from	ADP
fsr-3919	135	11	eq	eq	ADP
fsr-3919	135	12	.	.	PUNCT
fsr-3919	136	1	(	(	PUNCT
fsr-3919	136	2	2	2	NUM
fsr-3919	136	3	)	)	PUNCT
fsr-3919	136	4	.	.	PUNCT
fsr-3919	137	1	the	the	DET
fsr-3919	137	2	coefficient	coefficient	NOUN
fsr-3919	137	3	on	on	ADP
fsr-3919	137	4	premt-1	premt-1	PROPN
fsr-3919	137	5	,	,	PUNCT
fsr-3919	137	6	restricted	restrict	VERB
fsr-3919	137	7	to	to	PART
fsr-3919	137	8	be	be	AUX
fsr-3919	137	9	the	the	DET
fsr-3919	137	10	same	same	ADJ
fsr-3919	137	11	across	across	ADP
fsr-3919	137	12	funds	fund	NOUN
fsr-3919	137	13	,	,	PUNCT
fsr-3919	137	14	is	be	AUX
fsr-3919	137	15	0.0108	0.0108	NUM
fsr-3919	137	16	with	with	ADP
fsr-3919	137	17	a	a	DET
fsr-3919	137	18	t	t	NOUN
fsr-3919	137	19	-	-	PUNCT
fsr-3919	137	20	statistic	statistic	NOUN
fsr-3919	137	21	of	of	ADP
fsr-3919	137	22	6.273	6.273	NUM
fsr-3919	137	23	,	,	PUNCT
fsr-3919	137	24	significant	significant	ADJ
fsr-3919	137	25	at	at	ADP
fsr-3919	137	26	the	the	DET
fsr-3919	137	27	1	1	NUM
fsr-3919	137	28	%	%	NOUN
fsr-3919	137	29	level	level	NOUN
fsr-3919	137	30	using	use	VERB
fsr-3919	137	31	newey	newey	PROPN
fsr-3919	137	32	and	and	CCONJ
fsr-3919	137	33	west	west	PROPN
fsr-3919	137	34	(	(	PUNCT
fsr-3919	137	35	1987	1987	NUM
fsr-3919	137	36	)	)	PUNCT
fsr-3919	137	37	standard	standard	ADJ
fsr-3919	137	38	errors	error	NOUN
fsr-3919	137	39	with	with	ADP
fsr-3919	137	40	one	one	NUM
fsr-3919	137	41	lag	lag	NOUN
fsr-3919	137	42	.	.	PUNCT
fsr-3919	138	1	for	for	ADP
fsr-3919	138	2	example	example	NOUN
fsr-3919	138	3	,	,	PUNCT
fsr-3919	138	4	if	if	SCONJ
fsr-3919	138	5	a	a	DET
fsr-3919	138	6	fund	fund	NOUN
fsr-3919	138	7	trades	trade	VERB
fsr-3919	138	8	at	at	ADP
fsr-3919	138	9	a	a	DET
fsr-3919	138	10	premium	premium	NOUN
fsr-3919	138	11	that	that	PRON
fsr-3919	138	12	is	be	AUX
fsr-3919	138	13	0.10	0.10	NUM
fsr-3919	138	14	higher	high	ADJ
fsr-3919	138	15	than	than	ADP
fsr-3919	138	16	the	the	DET
fsr-3919	138	17	overall	overall	ADJ
fsr-3919	138	18	average	average	ADJ
fsr-3919	138	19	premt-1	premt-1	NOUN
fsr-3919	138	20	for	for	ADP
fsr-3919	138	21	the	the	DET
fsr-3919	138	22	sample	sample	NOUN
fsr-3919	138	23	,	,	PUNCT
fsr-3919	138	24	then	then	ADV
fsr-3919	138	25	the	the	DET
fsr-3919	138	26	nav	nav	NOUN
fsr-3919	138	27	return	return	VERB
fsr-3919	138	28	on	on	ADP
fsr-3919	138	29	that	that	DET
fsr-3919	138	30	fund	fund	NOUN
fsr-3919	138	31	over	over	ADP
fsr-3919	138	32	the	the	DET
fsr-3919	138	33	next	next	ADJ
fsr-3919	138	34	week	week	NOUN
fsr-3919	138	35	tends	tend	VERB
fsr-3919	138	36	to	to	PART
fsr-3919	138	37	be	be	AUX
fsr-3919	138	38	abnormally	abnormally	ADV
fsr-3919	138	39	high	high	ADJ
fsr-3919	138	40	by	by	ADP
fsr-3919	138	41	0.10(0.0108)5	0.10(0.0108)5	PROPN
fsr-3919	138	42	0.00108	0.00108	NUM
fsr-3919	138	43	or	or	CCONJ
fsr-3919	138	44	0.108	0.108	NUM
fsr-3919	138	45	%	%	NOUN
fsr-3919	138	46	.	.	PUNCT
fsr-3919	139	1	the	the	DET
fsr-3919	139	2	results	result	NOUN
fsr-3919	139	3	in	in	ADP
fsr-3919	139	4	table	table	NOUN
fsr-3919	139	5	2	2	NUM
fsr-3919	139	6	suggest	suggest	VERB
fsr-3919	139	7	that	that	SCONJ
fsr-3919	139	8	cecf	cecf	PROPN
fsr-3919	139	9	premiums	premium	NOUN
fsr-3919	139	10	contain	contain	VERB
fsr-3919	139	11	valuable	valuable	ADJ
fsr-3919	139	12	information	information	NOUN
fsr-3919	139	13	about	about	ADP
fsr-3919	139	14	future	future	ADJ
fsr-3919	139	15	nav	nav	NOUN
fsr-3919	139	16	performance	performance	NOUN
fsr-3919	139	17	after	after	ADP
fsr-3919	139	18	controlling	control	VERB
fsr-3919	139	19	for	for	ADP
fsr-3919	139	20	the	the	DET
fsr-3919	139	21	foreign	foreign	ADJ
fsr-3919	139	22	market	market	NOUN
fsr-3919	139	23	return	return	NOUN
fsr-3919	139	24	and	and	CCONJ
fsr-3919	139	25	exchange	exchange	NOUN
fsr-3919	139	26	rate	rate	NOUN
fsr-3919	139	27	fluctuations	fluctuation	NOUN
fsr-3919	139	28	.	.	PUNCT
fsr-3919	140	1	this	this	PRON
fsr-3919	140	2	is	be	AUX
fsr-3919	140	3	consistent	consistent	ADJ
fsr-3919	140	4	with	with	ADP
fsr-3919	140	5	the	the	DET
fsr-3919	140	6	managerial	managerial	ADJ
fsr-3919	140	7	performance	performance	NOUN
fsr-3919	140	8	hypothesis	hypothesis	NOUN
fsr-3919	140	9	.	.	PUNCT
fsr-3919	141	1	our	our	PRON
fsr-3919	141	2	results	result	NOUN
fsr-3919	141	3	update	update	VERB
fsr-3919	141	4	the	the	DET
fsr-3919	141	5	findings	finding	NOUN
fsr-3919	141	6	of	of	ADP
fsr-3919	141	7	hardouvelis	hardouvelis	PROPN
fsr-3919	141	8	et	et	PROPN
fsr-3919	141	9	al	al	PROPN
fsr-3919	141	10	.	.	PROPN
fsr-3919	142	1	(	(	PUNCT
fsr-3919	142	2	1994	1994	NUM
fsr-3919	142	3	)	)	PUNCT
fsr-3919	142	4	over	over	ADP
fsr-3919	142	5	four	four	NUM
fsr-3919	142	6	more	more	ADV
fsr-3919	142	7	recent	recent	ADJ
fsr-3919	142	8	years	year	NOUN
fsr-3919	142	9	of	of	ADP
fsr-3919	142	10	data	datum	NOUN
fsr-3919	142	11	.	.	PUNCT
fsr-3919	143	1	to	to	PART
fsr-3919	143	2	test	test	VERB
fsr-3919	143	3	the	the	DET
fsr-3919	143	4	robustness	robustness	NOUN
fsr-3919	143	5	of	of	ADP
fsr-3919	143	6	our	our	PRON
fsr-3919	143	7	results	result	NOUN
fsr-3919	143	8	,	,	PUNCT
fsr-3919	143	9	we	we	PRON
fsr-3919	143	10	also	also	ADV
fsr-3919	143	11	estimate	estimate	VERB
fsr-3919	143	12	a	a	DET
fsr-3919	143	13	more	more	ADV
fsr-3919	143	14	general	general	ADJ
fsr-3919	143	15	specification	specification	NOUN
fsr-3919	143	16	,	,	PUNCT
fsr-3919	143	17	using	use	VERB
fsr-3919	143	18	variables	variable	NOUN
fsr-3919	143	19	from	from	ADP
fsr-3919	143	20	hardouvelis	hardouvelis	PROPN
fsr-3919	143	21	et	et	PROPN
fsr-3919	143	22	al	al	PROPN
fsr-3919	143	23	.	.	PROPN
fsr-3919	143	24	(	(	PUNCT
fsr-3919	143	25	1994	1994	NUM
fsr-3919	143	26	)	)	PUNCT
fsr-3919	143	27	and	and	CCONJ
fsr-3919	143	28	bodurtha	bodurtha	VERB
fsr-3919	143	29	et	et	PROPN
fsr-3919	143	30	al	al	PROPN
fsr-3919	143	31	.	.	PROPN
fsr-3919	144	1	(	(	PUNCT
fsr-3919	144	2	1995	1995	NUM
fsr-3919	144	3	)	)	PUNCT
fsr-3919	144	4	.	.	PUNCT
fsr-3919	145	1	we	we	PRON
fsr-3919	145	2	include	include	VERB
fsr-3919	145	3	returns	return	NOUN
fsr-3919	145	4	on	on	ADP
fsr-3919	145	5	large	large	ADJ
fsr-3919	145	6	company	company	NOUN
fsr-3919	145	7	u.s	u.s	PROPN
fsr-3919	145	8	.	.	PROPN
fsr-3919	145	9	stocks	stock	NOUN
fsr-3919	145	10	and	and	CCONJ
fsr-3919	145	11	the	the	DET
fsr-3919	145	12	excess	excess	ADJ
fsr-3919	145	13	return	return	NOUN
fsr-3919	145	14	on	on	ADP
fsr-3919	145	15	u.s	u.s	PROPN
fsr-3919	145	16	.	.	PROPN
fsr-3919	145	17	small	small	ADJ
fsr-3919	145	18	company	company	NOUN
fsr-3919	145	19	stocks	stock	NOUN
fsr-3919	145	20	to	to	PART
fsr-3919	145	21	control	control	VERB
fsr-3919	145	22	for	for	ADP
fsr-3919	145	23	possible	possible	ADJ
fsr-3919	145	24	u.s	u.s	PROPN
fsr-3919	145	25	.	.	PROPN
fsr-3919	145	26	investor	investor	NOUN
fsr-3919	145	27	sentiment	sentiment	NOUN
fsr-3919	145	28	effects	effect	NOUN
fsr-3919	145	29	on	on	ADP
fsr-3919	145	30	the	the	DET
fsr-3919	145	31	nav	nav	NOUN
fsr-3919	145	32	return	return	NOUN
fsr-3919	145	33	,	,	PUNCT
fsr-3919	145	34	and	and	CCONJ
fsr-3919	145	35	also	also	ADV
fsr-3919	145	36	the	the	DET
fsr-3919	145	37	world	world	NOUN
fsr-3919	145	38	market	market	NOUN
fsr-3919	145	39	return	return	NOUN
fsr-3919	145	40	as	as	ADP
fsr-3919	145	41	an	an	DET
fsr-3919	145	42	explanatory	explanatory	ADJ
fsr-3919	145	43	variable	variable	NOUN
fsr-3919	145	44	.	.	PUNCT
fsr-3919	146	1	none	none	NOUN
fsr-3919	146	2	of	of	ADP
fsr-3919	146	3	these	these	DET
fsr-3919	146	4	variables	variable	NOUN
fsr-3919	146	5	add	add	VERB
fsr-3919	146	6	significant	significant	ADJ
fsr-3919	146	7	explanatory	explanatory	ADJ
fsr-3919	146	8	power	power	NOUN
fsr-3919	146	9	to	to	ADP
fsr-3919	146	10	the	the	DET
fsr-3919	146	11	model	model	NOUN
fsr-3919	146	12	and	and	CCONJ
fsr-3919	146	13	there	there	PRON
fsr-3919	146	14	is	be	VERB
fsr-3919	146	15	no	no	DET
fsr-3919	146	16	qualitative	qualitative	ADJ
fsr-3919	146	17	effect	effect	NOUN
fsr-3919	146	18	of	of	ADP
fsr-3919	146	19	the	the	DET
fsr-3919	146	20	premt-1	premt-1	PROPN
fsr-3919	146	21	coefficient	coefficient	NOUN
fsr-3919	146	22	estimate	estimate	NOUN
fsr-3919	146	23	.	.	PUNCT
fsr-3919	146	24	table	table	NOUN
fsr-3919	146	25	3	3	NUM
fsr-3919	146	26	presents	present	VERB
fsr-3919	146	27	the	the	DET
fsr-3919	146	28	regression	regression	NOUN
fsr-3919	146	29	results	result	VERB
fsr-3919	146	30	from	from	ADP
fsr-3919	146	31	eq	eq	ADP
fsr-3919	146	32	.	.	PUNCT
fsr-3919	147	1	(	(	PUNCT
fsr-3919	147	2	3	3	NUM
fsr-3919	147	3	)	)	PUNCT
fsr-3919	147	4	.	.	PUNCT
fsr-3919	148	1	coefficient	coefficient	NOUN
fsr-3919	148	2	estimates	estimate	NOUN
fsr-3919	148	3	on	on	ADP
fsr-3919	148	4	the	the	DET
fsr-3919	148	5	world	world	NOUN
fsr-3919	148	6	market	market	NOUN
fsr-3919	148	7	return	return	NOUN
fsr-3919	148	8	,	,	PUNCT
fsr-3919	148	9	representing	represent	VERB
fsr-3919	148	10	the	the	DET
fsr-3919	148	11	“	"	PUNCT
fsr-3919	148	12	beta	beta	NOUN
fsr-3919	148	13	”	"	PUNCT
fsr-3919	148	14	of	of	ADP
fsr-3919	148	15	the	the	DET
fsr-3919	148	16	foreign	foreign	ADJ
fsr-3919	148	17	market	market	NOUN
fsr-3919	148	18	return	return	NOUN
fsr-3919	148	19	with	with	ADP
fsr-3919	148	20	respect	respect	NOUN
fsr-3919	148	21	to	to	ADP
fsr-3919	148	22	the	the	DET
fsr-3919	148	23	world	world	NOUN
fsr-3919	148	24	index	index	NOUN
fsr-3919	148	25	,	,	PUNCT
fsr-3919	148	26	are	be	AUX
fsr-3919	148	27	positive	positive	ADJ
fsr-3919	148	28	and	and	CCONJ
fsr-3919	148	29	statistically	statistically	ADV
fsr-3919	148	30	significant	significant	ADJ
fsr-3919	148	31	for	for	ADP
fsr-3919	148	32	all	all	PRON
fsr-3919	148	33	but	but	CCONJ
fsr-3919	148	34	five	five	NUM
fsr-3919	148	35	funds	fund	NOUN
fsr-3919	148	36	.	.	PUNCT
fsr-3919	149	1	of	of	ADP
fsr-3919	149	2	the	the	DET
fsr-3919	149	3	38	38	NUM
fsr-3919	149	4	coefficients	coefficient	NOUN
fsr-3919	149	5	on	on	ADP
fsr-3919	149	6	the	the	DET
fsr-3919	149	7	cecf	cecf	PROPN
fsr-3919	149	8	premium	premium	NOUN
fsr-3919	149	9	,	,	PUNCT
fsr-3919	149	10	11	11	NUM
fsr-3919	149	11	are	be	AUX
fsr-3919	149	12	positive	positive	ADJ
fsr-3919	149	13	and	and	CCONJ
fsr-3919	149	14	significant	significant	ADJ
fsr-3919	149	15	at	at	ADP
fsr-3919	149	16	the	the	DET
fsr-3919	149	17	5	5	NUM
fsr-3919	149	18	%	%	NOUN
fsr-3919	149	19	or	or	CCONJ
fsr-3919	149	20	1	1	NUM
fsr-3919	149	21	%	%	NOUN
fsr-3919	149	22	level	level	NOUN
fsr-3919	149	23	in	in	ADP
fsr-3919	149	24	a	a	DET
fsr-3919	149	25	two	two	NUM
fsr-3919	149	26	-	-	PUNCT
fsr-3919	149	27	tailed	tail	VERB
fsr-3919	149	28	test	test	NOUN
fsr-3919	149	29	.	.	PUNCT
fsr-3919	150	1	under	under	ADP
fsr-3919	150	2	the	the	DET
fsr-3919	150	3	null	null	ADJ
fsr-3919	150	4	hypothesis	hypothesis	NOUN
fsr-3919	150	5	,	,	PUNCT
fsr-3919	150	6	we	we	PRON
fsr-3919	150	7	would	would	AUX
fsr-3919	150	8	expect	expect	VERB
fsr-3919	150	9	to	to	PART
fsr-3919	150	10	see	see	VERB
fsr-3919	150	11	only	only	ADV
fsr-3919	150	12	about	about	ADV
fsr-3919	150	13	one	one	NUM
fsr-3919	150	14	of	of	ADP
fsr-3919	150	15	38	38	NUM
fsr-3919	150	16	funds	fund	NOUN
fsr-3919	150	17	statistically	statistically	ADV
fsr-3919	150	18	significant	significant	ADJ
fsr-3919	150	19	in	in	ADP
fsr-3919	150	20	the	the	DET
fsr-3919	150	21	upper	upper	ADJ
fsr-3919	150	22	2.5	2.5	NUM
fsr-3919	150	23	%	%	NOUN
fsr-3919	150	24	of	of	ADP
fsr-3919	150	25	the	the	DET
fsr-3919	150	26	distribution	distribution	NOUN
fsr-3919	150	27	.	.	PUNCT
fsr-3919	151	1	none	none	NOUN
fsr-3919	151	2	of	of	ADP
fsr-3919	151	3	the	the	DET
fsr-3919	151	4	premt-1	premt-1	PROPN
fsr-3919	151	5	coefficients	coefficient	NOUN
fsr-3919	151	6	are	be	AUX
fsr-3919	151	7	177j.e	177j.e	NUM
fsr-3919	151	8	.	.	PUNCT
fsr-3919	152	1	richard	richard	PROPN
fsr-3919	152	2	,	,	PUNCT
fsr-3919	152	3	j.b	j.b	PROPN
fsr-3919	152	4	.	.	PUNCT
fsr-3919	152	5	wiggins	wiggins	PROPN
fsr-3919	152	6	/	/	SYM
fsr-3919	152	7	financial	financial	ADJ
fsr-3919	152	8	services	service	NOUN
fsr-3919	152	9	review	review	VERB
fsr-3919	152	10	9	9	NUM
fsr-3919	152	11	(	(	PUNCT
fsr-3919	152	12	2000	2000	NUM
fsr-3919	152	13	)	)	PUNCT
fsr-3919	153	1	171–181	171–181	NUM
fsr-3919	153	2	negative	negative	ADJ
fsr-3919	153	3	and	and	CCONJ
fsr-3919	153	4	statistically	statistically	ADV
fsr-3919	153	5	significant	significant	ADJ
fsr-3919	153	6	.	.	PUNCT
fsr-3919	154	1	across	across	ADP
fsr-3919	154	2	all	all	DET
fsr-3919	154	3	38	38	NUM
fsr-3919	154	4	funds	fund	NOUN
fsr-3919	154	5	,	,	PUNCT
fsr-3919	154	6	the	the	DET
fsr-3919	154	7	average	average	ADJ
fsr-3919	154	8	coefficient	coefficient	NOUN
fsr-3919	154	9	on	on	ADP
fsr-3919	154	10	premt-1	premt-1	PROPN
fsr-3919	154	11	is	be	AUX
fsr-3919	154	12	0.0218	0.0218	NUM
fsr-3919	154	13	,	,	PUNCT
fsr-3919	154	14	indicating	indicate	VERB
fsr-3919	154	15	that	that	SCONJ
fsr-3919	154	16	if	if	SCONJ
fsr-3919	154	17	the	the	DET
fsr-3919	154	18	premium	premium	NOUN
fsr-3919	154	19	for	for	ADP
fsr-3919	154	20	a	a	DET
fsr-3919	154	21	particular	particular	ADJ
fsr-3919	154	22	fund	fund	NOUN
fsr-3919	154	23	exceeds	exceed	VERB
fsr-3919	154	24	its	its	PRON
fsr-3919	154	25	in	in	ADP
fsr-3919	154	26	-	-	PUNCT
fsr-3919	154	27	sample	sample	NOUN
fsr-3919	154	28	average	average	NOUN
fsr-3919	154	29	by	by	ADP
fsr-3919	154	30	0.05	0.05	NUM
fsr-3919	154	31	,	,	PUNCT
fsr-3919	154	32	then	then	ADV
fsr-3919	154	33	the	the	DET
fsr-3919	154	34	foreign	foreign	ADJ
fsr-3919	154	35	market	market	NOUN
fsr-3919	154	36	return	return	NOUN
fsr-3919	154	37	over	over	ADP
fsr-3919	154	38	the	the	DET
fsr-3919	154	39	next	next	ADJ
fsr-3919	154	40	week	week	NOUN
fsr-3919	154	41	tends	tend	VERB
fsr-3919	154	42	to	to	PART
fsr-3919	154	43	be	be	AUX
fsr-3919	154	44	0.05(0.0218)5	0.05(0.0218)5	NOUN
fsr-3919	154	45	0.00109	0.00109	NUM
fsr-3919	154	46	or	or	CCONJ
fsr-3919	154	47	0.109	0.109	NUM
fsr-3919	154	48	%	%	NOUN
fsr-3919	154	49	higher	high	ADJ
fsr-3919	154	50	than	than	SCONJ
fsr-3919	154	51	expected	expect	VERB
fsr-3919	154	52	.	.	PUNCT
fsr-3919	155	1	the	the	DET
fsr-3919	155	2	results	result	NOUN
fsr-3919	155	3	in	in	ADP
fsr-3919	155	4	table	table	NOUN
fsr-3919	155	5	3	3	NUM
fsr-3919	155	6	suggest	suggest	VERB
fsr-3919	155	7	that	that	SCONJ
fsr-3919	155	8	cecf	cecf	PROPN
fsr-3919	155	9	premiums	premium	NOUN
fsr-3919	155	10	contain	contain	VERB
fsr-3919	155	11	valuable	valuable	ADJ
fsr-3919	155	12	information	information	NOUN
fsr-3919	155	13	about	about	ADP
fsr-3919	155	14	future	future	ADJ
fsr-3919	155	15	foreign	foreign	ADJ
fsr-3919	155	16	stock	stock	NOUN
fsr-3919	155	17	market	market	NOUN
fsr-3919	155	18	returns	return	NOUN
fsr-3919	155	19	.	.	PUNCT
fsr-3919	156	1	since	since	SCONJ
fsr-3919	156	2	few	few	ADJ
fsr-3919	156	3	open	open	ADJ
fsr-3919	156	4	-	-	PUNCT
fsr-3919	156	5	end	end	NOUN
fsr-3919	156	6	funds	fund	NOUN
fsr-3919	156	7	specialize	specialize	VERB
fsr-3919	156	8	in	in	ADP
fsr-3919	156	9	a	a	DET
fsr-3919	156	10	single	single	ADJ
fsr-3919	156	11	country	country	NOUN
fsr-3919	156	12	,	,	PUNCT
fsr-3919	156	13	cecfs	cecfs	PROPN
fsr-3919	156	14	are	be	AUX
fsr-3919	156	15	often	often	ADV
fsr-3919	156	16	the	the	DET
fsr-3919	156	17	most	most	ADV
fsr-3919	156	18	efficient	efficient	ADJ
fsr-3919	156	19	way	way	NOUN
fsr-3919	156	20	for	for	SCONJ
fsr-3919	156	21	individuals	individual	NOUN
fsr-3919	156	22	to	to	PART
fsr-3919	156	23	focus	focus	VERB
fsr-3919	156	24	their	their	PRON
fsr-3919	156	25	investment	investment	NOUN
fsr-3919	156	26	in	in	ADP
fsr-3919	156	27	a	a	DET
fsr-3919	156	28	specific	specific	ADJ
fsr-3919	156	29	foreign	foreign	ADJ
fsr-3919	156	30	market	market	NOUN
fsr-3919	156	31	.	.	PUNCT
fsr-3919	157	1	if	if	SCONJ
fsr-3919	157	2	u.s	u.s	PROPN
fsr-3919	157	3	.	.	PROPN
fsr-3919	157	4	investors	investor	NOUN
fsr-3919	157	5	become	become	VERB
fsr-3919	157	6	relatively	relatively	ADV
fsr-3919	157	7	more	more	ADV
fsr-3919	157	8	optimistic	optimistic	ADJ
fsr-3919	157	9	about	about	ADP
fsr-3919	157	10	future	future	ADJ
fsr-3919	157	11	earnings	earning	NOUN
fsr-3919	157	12	or	or	CCONJ
fsr-3919	157	13	dividends	dividend	NOUN
fsr-3919	157	14	than	than	ADP
fsr-3919	157	15	domestic	domestic	ADJ
fsr-3919	157	16	investors	investor	NOUN
fsr-3919	157	17	in	in	ADP
fsr-3919	157	18	a	a	DET
fsr-3919	157	19	specific	specific	ADJ
fsr-3919	157	20	country	country	NOUN
fsr-3919	157	21	,	,	PUNCT
fsr-3919	157	22	the	the	DET
fsr-3919	157	23	cecf	cecf	PROPN
fsr-3919	157	24	premium	premium	NOUN
fsr-3919	157	25	will	will	AUX
fsr-3919	157	26	increase	increase	VERB
fsr-3919	157	27	.	.	PUNCT
fsr-3919	158	1	to	to	ADP
fsr-3919	158	2	some	some	DET
fsr-3919	158	3	extent	extent	NOUN
fsr-3919	158	4	,	,	PUNCT
fsr-3919	158	5	u.s	u.s	PROPN
fsr-3919	158	6	.	.	PROPN
fsr-3919	158	7	investors	investor	NOUN
fsr-3919	158	8	’	'	PUNCT
fsr-3919	158	9	beliefs	belief	NOUN
fsr-3919	158	10	or	or	CCONJ
fsr-3919	158	11	sentiment	sentiment	NOUN
fsr-3919	158	12	are	be	AUX
fsr-3919	158	13	confirmed	confirm	VERB
fsr-3919	158	14	by	by	ADP
fsr-3919	158	15	future	future	ADJ
fsr-3919	158	16	foreign	foreign	ADJ
fsr-3919	158	17	market	market	NOUN
fsr-3919	158	18	returns	return	NOUN
fsr-3919	158	19	.	.	PUNCT
fsr-3919	159	1	here	here	ADV
fsr-3919	159	2	,	,	PUNCT
fsr-3919	159	3	sentiment	sentiment	NOUN
fsr-3919	159	4	reflects	reflect	VERB
fsr-3919	159	5	rational	rational	ADJ
fsr-3919	159	6	beliefs	belief	NOUN
fsr-3919	159	7	about	about	ADP
fsr-3919	159	8	future	future	ADJ
fsr-3919	159	9	returns	return	NOUN
fsr-3919	159	10	rather	rather	ADV
fsr-3919	159	11	than	than	ADP
fsr-3919	159	12	irrational	irrational	ADJ
fsr-3919	159	13	waves	wave	NOUN
fsr-3919	159	14	of	of	ADP
fsr-3919	159	15	optimism	optimism	NOUN
fsr-3919	159	16	or	or	CCONJ
fsr-3919	159	17	pessimism	pessimism	NOUN
fsr-3919	159	18	.	.	PUNCT
fsr-3919	160	1	table	table	NOUN
fsr-3919	160	2	2	2	NUM
fsr-3919	160	3	seemingly	seemingly	ADV
fsr-3919	160	4	unrelated	unrelated	ADJ
fsr-3919	160	5	regression	regression	NOUN
fsr-3919	160	6	of	of	ADP
fsr-3919	160	7	weekly	weekly	ADJ
fsr-3919	160	8	nav	nav	NOUN
fsr-3919	160	9	return	return	NOUN
fsr-3919	160	10	against	against	ADP
fsr-3919	160	11	the	the	DET
fsr-3919	160	12	cecf	cecf	PROPN
fsr-3919	160	13	premium	premium	NOUN
fsr-3919	160	14	,	,	PUNCT
fsr-3919	160	15	foreign	foreign	ADJ
fsr-3919	160	16	market	market	NOUN
fsr-3919	160	17	return	return	NOUN
fsr-3919	160	18	,	,	PUNCT
fsr-3919	160	19	and	and	CCONJ
fsr-3919	160	20	foreign	foreign	ADJ
fsr-3919	160	21	exchange	exchange	NOUN
fsr-3919	160	22	return	return	NOUN
fsr-3919	160	23	,	,	PUNCT
fsr-3919	160	24	with	with	ADP
fsr-3919	160	25	the	the	DET
fsr-3919	160	26	cecf	cecf	PROPN
fsr-3919	160	27	premium	premium	PROPN
fsr-3919	160	28	coefficient	coefficient	NOUN
fsr-3919	160	29	restricted	restrict	VERB
fsr-3919	160	30	across	across	ADP
fsr-3919	160	31	equations	equation	NOUN
fsr-3919	160	32	,	,	PUNCT
fsr-3919	160	33	january	january	PROPN
fsr-3919	160	34	1991	1991	NUM
fsr-3919	160	35	–	–	PUNCT
fsr-3919	160	36	march	march	PROPN
fsr-3919	160	37	1997	1997	NUM
fsr-3919	160	38	fund	fund	NOUN
fsr-3919	160	39	constant	constant	ADJ
fsr-3919	160	40	prem	prem	PROPN
fsr-3919	160	41	fmr	fmr	PROPN
fsr-3919	160	42	fxr	fxr	PROPN
fsr-3919	160	43	adj	adj	PROPN
fsr-3919	160	44	r	r	NOUN
fsr-3919	160	45	-	-	PUNCT
fsr-3919	160	46	squared	square	VERB
fsr-3919	160	47	first	first	ADJ
fsr-3919	160	48	australia	australia	PROPN
fsr-3919	160	49	0.0012	0.0012	NUM
fsr-3919	160	50	0.0108	0.0108	NUM
fsr-3919	160	51	*	*	PUNCT
fsr-3919	160	52	*	*	PUNCT
fsr-3919	161	1	0.8799	0.8799	NUM
fsr-3919	161	2	*	*	PUNCT
fsr-3919	161	3	*	*	PUNCT
fsr-3919	162	1	0.1289	0.1289	NUM
fsr-3919	162	2	0.6221	0.6221	NUM
fsr-3919	162	3	austria	austria	PROPN
fsr-3919	162	4	0.0018	0.0018	NUM
fsr-3919	162	5	*	*	NOUN
fsr-3919	162	6	*	*	X
fsr-3919	162	7	0.0108	0.0108	NUM
fsr-3919	162	8	*	*	PUNCT
fsr-3919	162	9	*	*	PUNCT
fsr-3919	162	10	0.7466	0.7466	NUM
fsr-3919	162	11	*	*	PUNCT
fsr-3919	162	12	*	*	SYM
fsr-3919	162	13	20.0242	20.0242	NUM
fsr-3919	162	14	0.6974	0.6974	NUM
fsr-3919	162	15	brazil	brazil	PROPN
fsr-3919	162	16	0.0009	0.0009	NUM
fsr-3919	162	17	0.0108	0.0108	NUM
fsr-3919	162	18	*	*	PUNCT
fsr-3919	162	19	*	*	PUNCT
fsr-3919	162	20	0.6624	0.6624	NUM
fsr-3919	162	21	*	*	PUNCT
fsr-3919	162	22	*	*	X
fsr-3919	162	23	20.0026	20.0026	NUM
fsr-3919	162	24	0.6625	0.6625	NUM
fsr-3919	162	25	chile	chile	PROPN
fsr-3919	162	26	0.0023	0.0023	NUM
fsr-3919	162	27	*	*	NOUN
fsr-3919	162	28	0.0108	0.0108	NUM
fsr-3919	162	29	*	*	PUNCT
fsr-3919	162	30	*	*	PUNCT
fsr-3919	162	31	0.7988	0.7988	NUM
fsr-3919	162	32	*	*	PUNCT
fsr-3919	162	33	*	*	PUNCT
fsr-3919	162	34	0.2372	0.2372	NUM
fsr-3919	162	35	*	*	SYM
fsr-3919	162	36	0.7159	0.7159	NUM
fsr-3919	162	37	france	france	PROPN
fsr-3919	162	38	growth	growth	NOUN
fsr-3919	162	39	0.0017	0.0017	NUM
fsr-3919	162	40	*	*	NOUN
fsr-3919	162	41	*	*	X
fsr-3919	162	42	0.0108	0.0108	NUM
fsr-3919	162	43	*	*	PUNCT
fsr-3919	162	44	*	*	PUNCT
fsr-3919	162	45	0.7882	0.7882	PUNCT
fsr-3919	162	46	*	*	PUNCT
fsr-3919	162	47	*	*	PUNCT
fsr-3919	162	48	0.1395	0.1395	NUM
fsr-3919	162	49	*	*	PUNCT
fsr-3919	162	50	*	*	PUNCT
fsr-3919	162	51	0.7249	0.7249	NUM
fsr-3919	162	52	emerging	emerge	VERB
fsr-3919	162	53	germany	germany	NOUN
fsr-3919	162	54	0.0009	0.0009	NUM
fsr-3919	162	55	0.0108	0.0108	NUM
fsr-3919	162	56	*	*	PUNCT
fsr-3919	162	57	*	*	PUNCT
fsr-3919	162	58	0.8689	0.8689	NUM
fsr-3919	162	59	*	*	PUNCT
fsr-3919	162	60	*	*	PUNCT
fsr-3919	162	61	20.0151	20.0151	NUM
fsr-3919	162	62	0.8481	0.8481	NUM
fsr-3919	162	63	germany	germany	NOUN
fsr-3919	162	64	0.0009	0.0009	NUM
fsr-3919	162	65	0.0108	0.0108	NUM
fsr-3919	162	66	*	*	PUNCT
fsr-3919	162	67	*	*	PUNCT
fsr-3919	162	68	0.9077	0.9077	NUM
fsr-3919	162	69	*	*	PUNCT
fsr-3919	162	70	*	*	PUNCT
fsr-3919	162	71	0.0461	0.0461	NUM
fsr-3919	162	72	0.8165	0.8165	NUM
fsr-3919	162	73	new	new	ADJ
fsr-3919	162	74	germany	germany	PROPN
fsr-3919	162	75	0.0021	0.0021	NUM
fsr-3919	162	76	*	*	PROPN
fsr-3919	162	77	*	*	X
fsr-3919	162	78	0.0108	0.0108	NUM
fsr-3919	162	79	*	*	PUNCT
fsr-3919	162	80	*	*	PUNCT
fsr-3919	163	1	0.7386	0.7386	NUM
fsr-3919	163	2	*	*	PUNCT
fsr-3919	163	3	*	*	PUNCT
fsr-3919	164	1	0.1696	0.1696	NUM
fsr-3919	164	2	*	*	PUNCT
fsr-3919	164	3	*	*	PUNCT
fsr-3919	164	4	0.7504	0.7504	NUM
fsr-3919	164	5	indonesia	indonesia	PROPN
fsr-3919	164	6	20.0012	20.0012	NUM
fsr-3919	164	7	0.0108	0.0108	NUM
fsr-3919	164	8	*	*	PUNCT
fsr-3919	164	9	*	*	PUNCT
fsr-3919	165	1	0.6140	0.6140	NUM
fsr-3919	165	2	*	*	PUNCT
fsr-3919	165	3	*	*	NOUN
fsr-3919	165	4	20.0009	20.0009	NUM
fsr-3919	165	5	0.5920	0.5920	NUM
fsr-3919	165	6	jakarta	jakarta	PROPN
fsr-3919	165	7	0.0002	0.0002	NUM
fsr-3919	165	8	0.0108	0.0108	NUM
fsr-3919	165	9	*	*	PUNCT
fsr-3919	165	10	*	*	PUNCT
fsr-3919	165	11	0.5470	0.5470	NUM
fsr-3919	165	12	*	*	PUNCT
fsr-3919	165	13	*	*	PUNCT
fsr-3919	165	14	0.0014	0.0014	NUM
fsr-3919	165	15	0.6313	0.6313	NUM
fsr-3919	165	16	ireland	ireland	NOUN
fsr-3919	165	17	0.0025	0.0025	NUM
fsr-3919	165	18	*	*	PROPN
fsr-3919	165	19	*	*	X
fsr-3919	165	20	0.0108	0.0108	NUM
fsr-3919	165	21	*	*	PUNCT
fsr-3919	165	22	*	*	PUNCT
fsr-3919	165	23	0.7064	0.7064	NUM
fsr-3919	165	24	*	*	SYM
fsr-3919	165	25	*	*	PUNCT
fsr-3919	165	26	0.1586	0.1586	NUM
fsr-3919	165	27	*	*	SYM
fsr-3919	165	28	*	*	PROPN
fsr-3919	165	29	0.7660	0.7660	NUM
fsr-3919	165	30	italy	italy	PROPN
fsr-3919	165	31	0.0011	0.0011	NUM
fsr-3919	165	32	0.0108	0.0108	NUM
fsr-3919	165	33	*	*	PUNCT
fsr-3919	165	34	*	*	PUNCT
fsr-3919	165	35	0.7533	0.7533	PRON
fsr-3919	165	36	*	*	PUNCT
fsr-3919	165	37	*	*	PUNCT
fsr-3919	165	38	0.1233	0.1233	NUM
fsr-3919	165	39	*	*	PUNCT
fsr-3919	165	40	0.8115	0.8115	NUM
fsr-3919	165	41	japan	japan	PROPN
fsr-3919	165	42	otc	otc	PROPN
fsr-3919	165	43	equity	equity	NOUN
fsr-3919	165	44	20.0016	20.0016	NUM
fsr-3919	165	45	0.0108	0.0108	NUM
fsr-3919	165	46	*	*	PUNCT
fsr-3919	165	47	*	*	PUNCT
fsr-3919	165	48	0.6215	0.6215	NUM
fsr-3919	165	49	*	*	PUNCT
fsr-3919	165	50	*	*	PUNCT
fsr-3919	165	51	0.3478	0.3478	PUNCT
fsr-3919	165	52	*	*	PUNCT
fsr-3919	165	53	*	*	PROPN
fsr-3919	165	54	0.4259	0.4259	NUM
fsr-3919	165	55	korea	korea	PROPN
fsr-3919	165	56	20.0001	20.0001	NUM
fsr-3919	165	57	0.0108	0.0108	NUM
fsr-3919	165	58	*	*	PUNCT
fsr-3919	165	59	*	*	PUNCT
fsr-3919	165	60	0.6943	0.6943	NUM
fsr-3919	165	61	*	*	PUNCT
fsr-3919	165	62	*	*	NOUN
fsr-3919	165	63	0.1928	0.1928	NUM
fsr-3919	165	64	0.5580	0.5580	NUM
fsr-3919	165	65	malaysia	malaysia	NOUN
fsr-3919	165	66	0.0009	0.0009	NUM
fsr-3919	165	67	0.0108	0.0108	NUM
fsr-3919	165	68	*	*	PUNCT
fsr-3919	166	1	*	*	PUNCT
fsr-3919	167	1	0.8902	0.8902	NUM
fsr-3919	167	2	*	*	PUNCT
fsr-3919	167	3	*	*	PUNCT
fsr-3919	167	4	0.0516	0.0516	NUM
fsr-3919	167	5	0.6265	0.6265	NUM
fsr-3919	167	6	emerging	emerge	VERB
fsr-3919	167	7	mexico	mexico	PROPN
fsr-3919	167	8	0.0026	0.0026	NUM
fsr-3919	167	9	0.0108	0.0108	NUM
fsr-3919	167	10	*	*	PUNCT
fsr-3919	167	11	*	*	PUNCT
fsr-3919	167	12	0.6643	0.6643	NUM
fsr-3919	167	13	*	*	PUNCT
fsr-3919	167	14	*	*	PUNCT
fsr-3919	168	1	0.4872	0.4872	NUM
fsr-3919	168	2	*	*	PUNCT
fsr-3919	168	3	*	*	PUNCT
fsr-3919	168	4	0.5240	0.5240	NUM
fsr-3919	168	5	mexico	mexico	PROPN
fsr-3919	168	6	0.0017	0.0017	NUM
fsr-3919	168	7	0.0108	0.0108	NUM
fsr-3919	168	8	*	*	PUNCT
fsr-3919	168	9	*	*	PUNCT
fsr-3919	169	1	0.6781	0.6781	PUNCT
fsr-3919	169	2	*	*	PUNCT
fsr-3919	169	3	*	*	PUNCT
fsr-3919	169	4	0.1123	0.1123	NUM
fsr-3919	169	5	0.4755	0.4755	NUM
fsr-3919	169	6	mexico	mexico	PROPN
fsr-3919	169	7	equity	equity	NOUN
fsr-3919	169	8	&	&	CCONJ
fsr-3919	169	9	income	income	PROPN
fsr-3919	169	10	0.0041	0.0041	NUM
fsr-3919	169	11	*	*	SYM
fsr-3919	169	12	0.0108	0.0108	NUM
fsr-3919	169	13	*	*	PUNCT
fsr-3919	169	14	*	*	PUNCT
fsr-3919	170	1	0.4708	0.4708	NUM
fsr-3919	170	2	*	*	PUNCT
fsr-3919	170	3	*	*	PUNCT
fsr-3919	170	4	0.5730	0.5730	PUNCT
fsr-3919	170	5	*	*	PUNCT
fsr-3919	170	6	*	*	NOUN
fsr-3919	170	7	0.5164	0.5164	NUM
fsr-3919	170	8	first	first	ADJ
fsr-3919	170	9	philippine	philippine	ADJ
fsr-3919	170	10	0.0028	0.0028	NUM
fsr-3919	170	11	*	*	PROPN
fsr-3919	170	12	*	*	X
fsr-3919	170	13	0.0108	0.0108	NUM
fsr-3919	170	14	*	*	PUNCT
fsr-3919	170	15	*	*	PUNCT
fsr-3919	170	16	0.5213	0.5213	NUM
fsr-3919	170	17	*	*	PUNCT
fsr-3919	170	18	*	*	PUNCT
fsr-3919	170	19	0.2412	0.2412	PUNCT
fsr-3919	170	20	*	*	PUNCT
fsr-3919	170	21	*	*	PUNCT
fsr-3919	170	22	0.5457	0.5457	NUM
fsr-3919	170	23	portugal	portugal	PROPN
fsr-3919	170	24	0.0020	0.0020	NUM
fsr-3919	170	25	*	*	PROPN
fsr-3919	170	26	*	*	X
fsr-3919	170	27	0.0108	0.0108	NUM
fsr-3919	170	28	*	*	PUNCT
fsr-3919	170	29	*	*	PUNCT
fsr-3919	170	30	0.6602	0.6602	NUM
fsr-3919	170	31	*	*	PUNCT
fsr-3919	170	32	*	*	PUNCT
fsr-3919	171	1	0.1942	0.1942	NUM
fsr-3919	171	2	*	*	PUNCT
fsr-3919	171	3	*	*	PROPN
fsr-3919	171	4	0.7274	0.7274	NUM
fsr-3919	171	5	singapore	singapore	PROPN
fsr-3919	171	6	0.0004	0.0004	NUM
fsr-3919	171	7	0.0108	0.0108	NUM
fsr-3919	171	8	*	*	PUNCT
fsr-3919	171	9	*	*	PUNCT
fsr-3919	171	10	0.6026	0.6026	PUNCT
fsr-3919	171	11	*	*	PUNCT
fsr-3919	171	12	*	*	PUNCT
fsr-3919	171	13	0.0876	0.0876	NUM
fsr-3919	171	14	0.4276	0.4276	NUM
fsr-3919	171	15	growth	growth	NOUN
fsr-3919	171	16	fund	fund	NOUN
fsr-3919	171	17	of	of	ADP
fsr-3919	171	18	spain	spain	PROPN
fsr-3919	171	19	0.0024	0.0024	PROPN
fsr-3919	171	20	*	*	PROPN
fsr-3919	171	21	*	*	X
fsr-3919	171	22	0.0108	0.0108	NUM
fsr-3919	171	23	*	*	PUNCT
fsr-3919	171	24	*	*	PUNCT
fsr-3919	171	25	0.7782	0.7782	NUM
fsr-3919	171	26	*	*	PUNCT
fsr-3919	171	27	*	*	PUNCT
fsr-3919	171	28	0.0203	0.0203	NUM
fsr-3919	171	29	0.7911	0.7911	NUM
fsr-3919	171	30	spain	spain	PROPN
fsr-3919	171	31	0.0012	0.0012	NUM
fsr-3919	171	32	0.0108	0.0108	NUM
fsr-3919	171	33	*	*	PUNCT
fsr-3919	171	34	*	*	PUNCT
fsr-3919	171	35	0.7333	0.7333	NUM
fsr-3919	171	36	*	*	PUNCT
fsr-3919	171	37	*	*	PUNCT
fsr-3919	171	38	0.1098	0.1098	NUM
fsr-3919	171	39	*	*	PUNCT
fsr-3919	171	40	0.6616	0.6616	NUM
fsr-3919	171	41	switzerland	switzerland	NOUN
fsr-3919	171	42	0.0004	0.0004	NUM
fsr-3919	171	43	0.0108	0.0108	NUM
fsr-3919	171	44	*	*	PUNCT
fsr-3919	171	45	*	*	PUNCT
fsr-3919	171	46	0.7699	0.7699	NUM
fsr-3919	171	47	*	*	PUNCT
fsr-3919	171	48	*	*	PUNCT
fsr-3919	171	49	0.1221	0.1221	NUM
fsr-3919	171	50	*	*	PUNCT
fsr-3919	171	51	*	*	PUNCT
fsr-3919	171	52	0.7429	0.7429	NUM
fsr-3919	171	53	roc	roc	PROPN
fsr-3919	171	54	taiwan	taiwan	PROPN
fsr-3919	171	55	0.0004	0.0004	NUM
fsr-3919	171	56	0.0108	0.0108	NUM
fsr-3919	171	57	*	*	PUNCT
fsr-3919	171	58	*	*	PUNCT
fsr-3919	171	59	0.5790	0.5790	NUM
fsr-3919	171	60	*	*	PUNCT
fsr-3919	171	61	*	*	NOUN
fsr-3919	171	62	0.5387	0.5387	NUM
fsr-3919	171	63	*	*	SYM
fsr-3919	171	64	0.6700	0.6700	NUM
fsr-3919	171	65	taiwan	taiwan	PROPN
fsr-3919	171	66	0.0006	0.0006	NUM
fsr-3919	171	67	0.0108	0.0108	NUM
fsr-3919	171	68	*	*	PUNCT
fsr-3919	171	69	*	*	PUNCT
fsr-3919	171	70	0.5793	0.5793	NUM
fsr-3919	171	71	*	*	SYM
fsr-3919	171	72	*	*	PUNCT
fsr-3919	171	73	0.3106	0.3106	NUM
fsr-3919	171	74	0.4667	0.4667	NUM
fsr-3919	171	75	thai	thai	NOUN
fsr-3919	171	76	0.0010	0.0010	NUM
fsr-3919	171	77	0.0108	0.0108	NUM
fsr-3919	171	78	*	*	PUNCT
fsr-3919	171	79	*	*	PUNCT
fsr-3919	171	80	0.9442	0.9442	NUM
fsr-3919	171	81	*	*	PUNCT
fsr-3919	171	82	*	*	NOUN
fsr-3919	171	83	20.3155	20.3155	NUM
fsr-3919	171	84	0.8031	0.8031	NUM
fsr-3919	171	85	thai	thai	NOUN
fsr-3919	171	86	capital	capital	NOUN
fsr-3919	171	87	0.0008	0.0008	NUM
fsr-3919	171	88	0.0108	0.0108	NUM
fsr-3919	171	89	*	*	PUNCT
fsr-3919	171	90	*	*	PUNCT
fsr-3919	171	91	0.8968	0.8968	NUM
fsr-3919	171	92	*	*	PUNCT
fsr-3919	171	93	*	*	PUNCT
fsr-3919	171	94	20.8516	20.8516	NUM
fsr-3919	171	95	*	*	PUNCT
fsr-3919	171	96	*	*	X
fsr-3919	171	97	0.8235	0.8235	NUM
fsr-3919	171	98	turkey	turkey	NOUN
fsr-3919	171	99	20.0026	20.0026	NUM
fsr-3919	171	100	0.0108	0.0108	NUM
fsr-3919	171	101	*	*	PUNCT
fsr-3919	171	102	*	*	PUNCT
fsr-3919	171	103	0.8264	0.8264	NUM
fsr-3919	171	104	*	*	PUNCT
fsr-3919	171	105	*	*	NOUN
fsr-3919	171	106	20.0847	20.0847	NUM
fsr-3919	171	107	0.8341	0.8341	NUM
fsr-3919	171	108	united	united	ADJ
fsr-3919	171	109	kingdom	kingdom	NOUN
fsr-3919	171	110	0.0025	0.0025	NUM
fsr-3919	171	111	*	*	PROPN
fsr-3919	171	112	*	*	X
fsr-3919	171	113	0.0108	0.0108	NUM
fsr-3919	171	114	*	*	PUNCT
fsr-3919	171	115	*	*	PUNCT
fsr-3919	171	116	0.7809	0.7809	NUM
fsr-3919	171	117	*	*	PUNCT
fsr-3919	171	118	*	*	PUNCT
fsr-3919	171	119	0.1654	0.1654	NUM
fsr-3919	171	120	*	*	PUNCT
fsr-3919	171	121	*	*	PUNCT
fsr-3919	172	1	0.5982	0.5982	NUM
fsr-3919	172	2	*	*	PUNCT
fsr-3919	172	3	significant	significant	ADJ
fsr-3919	172	4	at	at	ADP
fsr-3919	172	5	5	5	NUM
fsr-3919	172	6	%	%	NOUN
fsr-3919	172	7	,	,	PUNCT
fsr-3919	172	8	*	*	PUNCT
fsr-3919	172	9	*	*	PUNCT
fsr-3919	172	10	significant	significant	ADJ
fsr-3919	172	11	at	at	ADP
fsr-3919	172	12	1	1	NUM
fsr-3919	172	13	%	%	NOUN
fsr-3919	172	14	in	in	ADP
fsr-3919	172	15	two	two	NUM
fsr-3919	172	16	-	-	PUNCT
fsr-3919	172	17	tailed	tail	VERB
fsr-3919	172	18	t	t	NOUN
fsr-3919	172	19	-	-	PUNCT
fsr-3919	172	20	test	test	NOUN
fsr-3919	172	21	using	use	VERB
fsr-3919	172	22	newey	newey	PROPN
fsr-3919	172	23	and	and	CCONJ
fsr-3919	172	24	west	west	PROPN
fsr-3919	172	25	(	(	PUNCT
fsr-3919	172	26	1987	1987	NUM
fsr-3919	172	27	)	)	PUNCT
fsr-3919	172	28	standard	standard	ADJ
fsr-3919	172	29	errors	error	NOUN
fsr-3919	172	30	with	with	ADP
fsr-3919	172	31	one	one	NUM
fsr-3919	172	32	lag	lag	NOUN
fsr-3919	172	33	.	.	PUNCT
fsr-3919	172	34	178	178	NUM
fsr-3919	172	35	j.e	j.e	PROPN
fsr-3919	172	36	.	.	PROPN
fsr-3919	172	37	richard	richard	PROPN
fsr-3919	172	38	,	,	PUNCT
fsr-3919	172	39	j.b	j.b	PROPN
fsr-3919	172	40	.	.	PUNCT
fsr-3919	172	41	wiggins	wiggins	PROPN
fsr-3919	172	42	/	/	SYM
fsr-3919	172	43	financial	financial	ADJ
fsr-3919	172	44	services	service	NOUN
fsr-3919	172	45	review	review	VERB
fsr-3919	172	46	9	9	NUM
fsr-3919	172	47	(	(	PUNCT
fsr-3919	172	48	2000	2000	NUM
fsr-3919	172	49	)	)	PUNCT
fsr-3919	173	1	171–181	171–181	NUM
fsr-3919	173	2	there	there	PRON
fsr-3919	173	3	are	be	VERB
fsr-3919	173	4	important	important	ADJ
fsr-3919	173	5	differences	difference	NOUN
fsr-3919	173	6	in	in	ADP
fsr-3919	173	7	premt-1	premt-1	PROPN
fsr-3919	173	8	coefficients	coefficient	NOUN
fsr-3919	173	9	across	across	ADP
fsr-3919	173	10	countries	country	NOUN
fsr-3919	173	11	in	in	ADP
fsr-3919	173	12	table	table	NOUN
fsr-3919	173	13	3	3	NUM
fsr-3919	173	14	.	.	PUNCT
fsr-3919	174	1	for	for	ADP
fsr-3919	174	2	the	the	DET
fsr-3919	174	3	more	more	ADV
fsr-3919	174	4	developed	develop	VERB
fsr-3919	174	5	markets	market	NOUN
fsr-3919	174	6	of	of	ADP
fsr-3919	174	7	australia	australia	PROPN
fsr-3919	174	8	,	,	PUNCT
fsr-3919	174	9	france	france	PROPN
fsr-3919	174	10	,	,	PUNCT
fsr-3919	174	11	germany	germany	PROPN
fsr-3919	174	12	,	,	PUNCT
fsr-3919	174	13	italy	italy	PROPN
fsr-3919	174	14	,	,	PUNCT
fsr-3919	174	15	japan	japan	PROPN
fsr-3919	174	16	,	,	PUNCT
fsr-3919	174	17	spain	spain	PROPN
fsr-3919	174	18	,	,	PUNCT
fsr-3919	174	19	switzerland	switzerland	PROPN
fsr-3919	174	20	,	,	PUNCT
fsr-3919	174	21	and	and	CCONJ
fsr-3919	174	22	the	the	DET
fsr-3919	174	23	united	united	ADJ
fsr-3919	174	24	kingdom	kingdom	PROPN
fsr-3919	174	25	,	,	PUNCT
fsr-3919	174	26	just	just	ADV
fsr-3919	174	27	two	two	NUM
fsr-3919	174	28	of	of	ADP
fsr-3919	174	29	twelve	twelve	NUM
fsr-3919	174	30	funds	fund	NOUN
fsr-3919	174	31	have	have	VERB
fsr-3919	174	32	significant	significant	ADJ
fsr-3919	174	33	positive	positive	ADJ
fsr-3919	174	34	coefficients	coefficient	NOUN
fsr-3919	174	35	.	.	PUNCT
fsr-3919	175	1	for	for	ADP
fsr-3919	175	2	the	the	DET
fsr-3919	175	3	eight	eight	NUM
fsr-3919	175	4	funds	fund	NOUN
fsr-3919	175	5	from	from	ADP
fsr-3919	175	6	latin	latin	ADJ
fsr-3919	175	7	american	american	ADJ
fsr-3919	175	8	markets	market	NOUN
fsr-3919	175	9	,	,	PUNCT
fsr-3919	175	10	including	include	VERB
fsr-3919	175	11	argentina	argentina	PROPN
fsr-3919	175	12	,	,	PUNCT
fsr-3919	175	13	brazil	brazil	PROPN
fsr-3919	175	14	,	,	PUNCT
fsr-3919	175	15	chile	chile	PROPN
fsr-3919	175	16	,	,	PUNCT
fsr-3919	175	17	and	and	CCONJ
fsr-3919	175	18	mexico	mexico	PROPN
fsr-3919	175	19	,	,	PUNCT
fsr-3919	175	20	none	none	NOUN
fsr-3919	175	21	of	of	ADP
fsr-3919	175	22	the	the	DET
fsr-3919	175	23	coefficients	coefficient	NOUN
fsr-3919	175	24	are	be	AUX
fsr-3919	175	25	significantly	significantly	ADV
fsr-3919	175	26	different	different	ADJ
fsr-3919	175	27	from	from	ADP
fsr-3919	175	28	zero	zero	NUM
fsr-3919	175	29	.	.	PUNCT
fsr-3919	176	1	for	for	ADP
fsr-3919	176	2	funds	fund	NOUN
fsr-3919	176	3	in	in	ADP
fsr-3919	176	4	the	the	DET
fsr-3919	176	5	emerging	emerge	VERB
fsr-3919	176	6	asian	asian	ADJ
fsr-3919	176	7	markets	market	NOUN
fsr-3919	176	8	of	of	ADP
fsr-3919	176	9	india	india	PROPN
fsr-3919	176	10	,	,	PUNCT
fsr-3919	176	11	indonesia	indonesia	PROPN
fsr-3919	176	12	,	,	PUNCT
fsr-3919	176	13	korea	korea	PROPN
fsr-3919	176	14	,	,	PUNCT
fsr-3919	176	15	malaysia	malaysia	PROPN
fsr-3919	176	16	,	,	PUNCT
fsr-3919	176	17	pakistan	pakistan	PROPN
fsr-3919	176	18	,	,	PUNCT
fsr-3919	176	19	the	the	DET
fsr-3919	176	20	philippines	philippine	NOUN
fsr-3919	176	21	,	,	PUNCT
fsr-3919	176	22	singapore	singapore	PROPN
fsr-3919	176	23	,	,	PUNCT
fsr-3919	176	24	taiwan	taiwan	PROPN
fsr-3919	176	25	,	,	PUNCT
fsr-3919	176	26	and	and	CCONJ
fsr-3919	176	27	thailand	thailand	PROPN
fsr-3919	176	28	,	,	PUNCT
fsr-3919	176	29	eight	eight	NUM
fsr-3919	176	30	of	of	ADP
fsr-3919	176	31	fourteen	fourteen	NUM
fsr-3919	176	32	funds	fund	NOUN
fsr-3919	176	33	have	have	VERB
fsr-3919	176	34	significant	significant	ADJ
fsr-3919	176	35	positive	positive	ADJ
fsr-3919	176	36	coefficients	coefficient	NOUN
fsr-3919	176	37	.	.	PUNCT
fsr-3919	177	1	on	on	ADP
fsr-3919	177	2	the	the	DET
fsr-3919	177	3	whole	whole	NOUN
fsr-3919	177	4	,	,	PUNCT
fsr-3919	177	5	developed	developed	ADJ
fsr-3919	177	6	and	and	CCONJ
fsr-3919	177	7	latin	latin	ADJ
fsr-3919	177	8	american	american	ADJ
fsr-3919	177	9	markets	market	NOUN
fsr-3919	177	10	are	be	AUX
fsr-3919	177	11	far	far	ADV
fsr-3919	177	12	more	more	ADV
fsr-3919	177	13	open	open	ADJ
fsr-3919	177	14	to	to	ADP
fsr-3919	177	15	u.s	u.s	PROPN
fsr-3919	177	16	.	.	PROPN
fsr-3919	177	17	table	table	NOUN
fsr-3919	177	18	3	3	NUM
fsr-3919	177	19	regressions	regression	NOUN
fsr-3919	177	20	of	of	ADP
fsr-3919	177	21	the	the	DET
fsr-3919	177	22	weekly	weekly	ADJ
fsr-3919	177	23	foreign	foreign	ADJ
fsr-3919	177	24	market	market	NOUN
fsr-3919	177	25	return	return	NOUN
fsr-3919	177	26	against	against	ADP
fsr-3919	177	27	the	the	DET
fsr-3919	177	28	cecf	cecf	PROPN
fsr-3919	177	29	premium	premium	NOUN
fsr-3919	177	30	and	and	CCONJ
fsr-3919	177	31	world	world	NOUN
fsr-3919	177	32	market	market	NOUN
fsr-3919	177	33	return	return	NOUN
fsr-3919	177	34	fund	fund	NOUN
fsr-3919	177	35	n	n	PRON
fsr-3919	177	36	constant	constant	ADJ
fsr-3919	177	37	prem	prem	PROPN
fsr-3919	177	38	wmr	wmr	PROPN
fsr-3919	177	39	adj	adj	PROPN
fsr-3919	177	40	r	r	NOUN
fsr-3919	177	41	-	-	PUNCT
fsr-3919	177	42	squared	square	VERB
fsr-3919	177	43	argentina	argentina	PROPN
fsr-3919	177	44	282	282	NUM
fsr-3919	177	45	20.0022	20.0022	NUM
fsr-3919	177	46	0.0363	0.0363	NUM
fsr-3919	177	47	1.2288	1.2288	NUM
fsr-3919	177	48	*	*	PUNCT
fsr-3919	177	49	*	*	PUNCT
fsr-3919	177	50	0.0964	0.0964	NUM
fsr-3919	177	51	first	first	ADJ
fsr-3919	177	52	australia	australia	PROPN
fsr-3919	177	53	481	481	NUM
fsr-3919	178	1	0.0031	0.0031	NUM
fsr-3919	178	2	0.0181	0.0181	NUM
fsr-3919	178	3	0.6497	0.6497	NUM
fsr-3919	179	1	*	*	PUNCT
fsr-3919	179	2	*	*	X
fsr-3919	179	3	0.1798	0.1798	NUM
fsr-3919	179	4	austria	austria	NOUN
fsr-3919	179	5	388	388	NUM
fsr-3919	179	6	0.0056	0.0056	NUM
fsr-3919	179	7	*	*	NOUN
fsr-3919	179	8	0.0642	0.0642	NUM
fsr-3919	179	9	*	*	PUNCT
fsr-3919	179	10	*	*	PUNCT
fsr-3919	179	11	0.8925	0.8925	PUNCT
fsr-3919	179	12	*	*	PUNCT
fsr-3919	179	13	*	*	PUNCT
fsr-3919	179	14	0.2824	0.2824	NUM
fsr-3919	179	15	brazil	brazil	PROPN
fsr-3919	179	16	267	267	NUM
fsr-3919	179	17	0.0049	0.0049	NUM
fsr-3919	179	18	0.0115	0.0115	NUM
fsr-3919	179	19	1.0948	1.0948	NUM
fsr-3919	179	20	*	*	SYM
fsr-3919	179	21	*	*	PUNCT
fsr-3919	179	22	0.0379	0.0379	NUM
fsr-3919	179	23	brazilian	brazilian	ADJ
fsr-3919	179	24	equity	equity	NOUN
fsr-3919	179	25	258	258	NUM
fsr-3919	179	26	0.0027	0.0027	NUM
fsr-3919	179	27	20.0104	20.0104	NUM
fsr-3919	179	28	1.2053	1.2053	NUM
fsr-3919	179	29	*	*	PUNCT
fsr-3919	179	30	*	*	PUNCT
fsr-3919	179	31	0.0480	0.0480	NUM
fsr-3919	179	32	chile	chile	NOUN
fsr-3919	179	33	387	387	NUM
fsr-3919	179	34	0.0047	0.0047	NUM
fsr-3919	179	35	*	*	PUNCT
fsr-3919	179	36	0.0001	0.0001	NUM
fsr-3919	179	37	0.1996	0.1996	NUM
fsr-3919	179	38	0.0061	0.0061	NUM
fsr-3919	179	39	france	france	PROPN
fsr-3919	179	40	growth	growth	NOUN
fsr-3919	179	41	347	347	NUM
fsr-3919	179	42	20.0003	20.0003	NUM
fsr-3919	179	43	20.0020	20.0020	NUM
fsr-3919	179	44	0.9743	0.9743	NOUN
fsr-3919	179	45	*	*	PUNCT
fsr-3919	179	46	*	*	X
fsr-3919	179	47	0.3908	0.3908	NUM
fsr-3919	179	48	emerging	emerge	VERB
fsr-3919	179	49	germany	germany	NOUN
fsr-3919	179	50	360	360	NUM
fsr-3919	179	51	0.0009	0.0009	NUM
fsr-3919	179	52	0.0054	0.0054	NUM
fsr-3919	179	53	0.9227	0.9227	NUM
fsr-3919	179	54	*	*	PUNCT
fsr-3919	179	55	*	*	PUNCT
fsr-3919	179	56	0.3598	0.3598	NUM
fsr-3919	179	57	germany	germany	PROPN
fsr-3919	179	58	481	481	NUM
fsr-3919	179	59	0.0012	0.0012	NUM
fsr-3919	179	60	0.0108	0.0108	NUM
fsr-3919	179	61	0.9489	0.9489	NUM
fsr-3919	179	62	*	*	PUNCT
fsr-3919	179	63	*	*	SYM
fsr-3919	179	64	0.3445	0.3445	NUM
fsr-3919	179	65	new	new	ADJ
fsr-3919	179	66	germany	germany	NOUN
fsr-3919	179	67	371	371	NUM
fsr-3919	179	68	0.0019	0.0019	NUM
fsr-3919	179	69	0.0109	0.0109	NUM
fsr-3919	179	70	0.8829	0.8829	NUM
fsr-3919	179	71	*	*	PUNCT
fsr-3919	179	72	*	*	SYM
fsr-3919	179	73	0.3404	0.3404	NUM
fsr-3919	179	74	india	india	PROPN
fsr-3919	179	75	growth	growth	NOUN
fsr-3919	179	76	220	220	NUM
fsr-3919	179	77	20.0101	20.0101	NUM
fsr-3919	179	78	*	*	PUNCT
fsr-3919	179	79	*	*	PUNCT
fsr-3919	179	80	0.1014	0.1014	NUM
fsr-3919	179	81	*	*	PUNCT
fsr-3919	179	82	*	*	PUNCT
fsr-3919	180	1	0.1458	0.1458	NUM
fsr-3919	180	2	0.1054	0.1054	NUM
fsr-3919	180	3	indonesia	indonesia	PROPN
fsr-3919	180	4	366	366	NUM
fsr-3919	180	5	20.0057	20.0057	NUM
fsr-3919	180	6	*	*	PUNCT
fsr-3919	180	7	0.0387	0.0387	NUM
fsr-3919	180	8	*	*	PUNCT
fsr-3919	180	9	*	*	PUNCT
fsr-3919	181	1	0.1994	0.1994	NUM
fsr-3919	181	2	0.0258	0.0258	NUM
fsr-3919	181	3	jakarta	jakarta	PROPN
fsr-3919	181	4	361	361	NUM
fsr-3919	181	5	20.0021	20.0021	NUM
fsr-3919	181	6	0.0569	0.0569	NUM
fsr-3919	181	7	*	*	PUNCT
fsr-3919	181	8	*	*	PUNCT
fsr-3919	181	9	0.2591	0.2591	NUM
fsr-3919	181	10	*	*	PUNCT
fsr-3919	181	11	0.0359	0.0359	NUM
fsr-3919	181	12	irish	irish	ADJ
fsr-3919	181	13	investment	investment	NOUN
fsr-3919	181	14	362	362	NUM
fsr-3919	181	15	0.0056	0.0056	NUM
fsr-3919	181	16	0.0382	0.0382	NUM
fsr-3919	181	17	0.9902	0.9902	NUM
fsr-3919	181	18	*	*	PUNCT
fsr-3919	181	19	*	*	PUNCT
fsr-3919	181	20	0.3575	0.3575	NUM
fsr-3919	181	21	first	first	ADV
fsr-3919	181	22	israel	israel	PROPN
fsr-3919	181	23	172	172	NUM
fsr-3919	181	24	20.0036	20.0036	NUM
fsr-3919	181	25	20.0202	20.0202	NUM
fsr-3919	181	26	1.0064	1.0064	NUM
fsr-3919	181	27	*	*	SYM
fsr-3919	181	28	*	*	PROPN
fsr-3919	181	29	0.0942	0.0942	NUM
fsr-3919	181	30	italy	italy	PROPN
fsr-3919	181	31	330	330	NUM
fsr-3919	181	32	0.0022	0.0022	NUM
fsr-3919	181	33	0.0376	0.0376	NUM
fsr-3919	181	34	1.0014	1.0014	NUM
fsr-3919	181	35	*	*	NOUN
fsr-3919	181	36	*	*	PUNCT
fsr-3919	181	37	0.1774	0.1774	NUM
fsr-3919	181	38	japan	japan	PROPN
fsr-3919	181	39	equity	equity	PROPN
fsr-3919	181	40	240	240	NUM
fsr-3919	181	41	20.0028	20.0028	NUM
fsr-3919	181	42	*	*	PUNCT
fsr-3919	181	43	0.0096	0.0096	NUM
fsr-3919	181	44	1.7524	1.7524	NUM
fsr-3919	181	45	*	*	PUNCT
fsr-3919	181	46	*	*	PUNCT
fsr-3919	181	47	0.5291	0.5291	NUM
fsr-3919	181	48	japan	japan	PROPN
fsr-3919	181	49	otc	otc	PROPN
fsr-3919	181	50	equity	equity	PROPN
fsr-3919	181	51	350	350	NUM
fsr-3919	181	52	20.0040	20.0040	NUM
fsr-3919	181	53	*	*	PUNCT
fsr-3919	181	54	*	*	PUNCT
fsr-3919	181	55	0.0310	0.0310	NUM
fsr-3919	181	56	*	*	PUNCT
fsr-3919	181	57	1.7029	1.7029	NUM
fsr-3919	181	58	*	*	PUNCT
fsr-3919	181	59	*	*	PROPN
fsr-3919	181	60	0.6279	0.6279	NUM
fsr-3919	181	61	korea	korea	PROPN
fsr-3919	181	62	481	481	NUM
fsr-3919	181	63	20.0021	20.0021	NUM
fsr-3919	181	64	0.0055	0.0055	NUM
fsr-3919	181	65	0.5078	0.5078	NUM
fsr-3919	181	66	*	*	PUNCT
fsr-3919	181	67	*	*	PUNCT
fsr-3919	181	68	0.0513	0.0513	NUM
fsr-3919	181	69	korea	korea	PROPN
fsr-3919	181	70	equity	equity	NOUN
fsr-3919	181	71	172	172	NUM
fsr-3919	181	72	20.0025	20.0025	NUM
fsr-3919	181	73	0.0440	0.0440	NUM
fsr-3919	181	74	0.8585	0.8585	NUM
fsr-3919	181	75	*	*	PUNCT
fsr-3919	181	76	*	*	X
fsr-3919	181	77	0.1294	0.1294	NUM
fsr-3919	181	78	korean	korean	ADJ
fsr-3919	181	79	investment	investment	NOUN
fsr-3919	181	80	262	262	NUM
fsr-3919	181	81	20.0027	20.0027	NUM
fsr-3919	181	82	0.0516	0.0516	NUM
fsr-3919	181	83	*	*	SYM
fsr-3919	181	84	0.5650	0.5650	NUM
fsr-3919	181	85	*	*	PUNCT
fsr-3919	181	86	*	*	X
fsr-3919	181	87	0.0672	0.0672	NUM
fsr-3919	181	88	malaysia	malaysia	NOUN
fsr-3919	181	89	481	481	NUM
fsr-3919	181	90	0.0028	0.0028	NUM
fsr-3919	181	91	*	*	NOUN
fsr-3919	181	92	0.0147	0.0147	NUM
fsr-3919	181	93	0.8190	0.8190	NUM
fsr-3919	181	94	*	*	PUNCT
fsr-3919	181	95	*	*	PUNCT
fsr-3919	181	96	0.2178	0.2178	NUM
fsr-3919	181	97	emerging	emerge	VERB
fsr-3919	181	98	mexico	mexico	PROPN
fsr-3919	181	99	234	234	NUM
fsr-3919	181	100	20.0007	20.0007	NUM
fsr-3919	181	101	20.0172	20.0172	NUM
fsr-3919	181	102	1.1135	1.1135	NUM
fsr-3919	181	103	*	*	PUNCT
fsr-3919	181	104	*	*	X
fsr-3919	181	105	0.0705	0.0705	NUM
fsr-3919	181	106	mexico	mexico	PROPN
fsr-3919	181	107	450	450	NUM
fsr-3919	181	108	0.0037	0.0037	NUM
fsr-3919	181	109	20.0114	20.0114	NUM
fsr-3919	181	110	0.9277	0.9277	NUM
fsr-3919	181	111	*	*	PUNCT
fsr-3919	181	112	*	*	PUNCT
fsr-3919	181	113	0.0986	0.0986	NUM
fsr-3919	181	114	mexico	mexico	PROPN
fsr-3919	181	115	equity	equity	PROPN
fsr-3919	181	116	&	&	CCONJ
fsr-3919	181	117	income	income	PROPN
fsr-3919	181	118	297	297	NUM
fsr-3919	181	119	20.0016	20.0016	NUM
fsr-3919	181	120	20.0413	20.0413	NUM
fsr-3919	181	121	1.0688	1.0688	NUM
fsr-3919	181	122	*	*	PUNCT
fsr-3919	181	123	*	*	PROPN
fsr-3919	181	124	0.0949	0.0949	NUM
fsr-3919	181	125	pakistan	pakistan	PROPN
fsr-3919	181	126	168	168	NUM
fsr-3919	181	127	0.0114	0.0114	NUM
fsr-3919	181	128	0.1225	0.1225	NUM
fsr-3919	181	129	*	*	PUNCT
fsr-3919	181	130	*	*	PUNCT
fsr-3919	181	131	0.1558	0.1558	NUM
fsr-3919	181	132	0.0810	0.0810	NUM
fsr-3919	181	133	first	first	ADJ
fsr-3919	181	134	philippine	philippine	NOUN
fsr-3919	181	135	382	382	NUM
fsr-3919	181	136	0.0003	0.0003	NUM
fsr-3919	181	137	20.0120	20.0120	NUM
fsr-3919	181	138	0.4050	0.4050	NUM
fsr-3919	181	139	*	*	PUNCT
fsr-3919	182	1	*	*	PUNCT
fsr-3919	182	2	0.0310	0.0310	NUM
fsr-3919	182	3	portugal	portugal	PROPN
fsr-3919	182	4	383	383	NUM
fsr-3919	182	5	0.0007	0.0007	NUM
fsr-3919	182	6	0.0132	0.0132	NUM
fsr-3919	182	7	0.5608	0.5608	NUM
fsr-3919	182	8	*	*	PUNCT
fsr-3919	182	9	*	*	PUNCT
fsr-3919	182	10	0.1223	0.1223	NUM
fsr-3919	182	11	singapore	singapore	PROPN
fsr-3919	182	12	346	346	NUM
fsr-3919	182	13	0.0010	0.0010	NUM
fsr-3919	182	14	0.0054	0.0054	NUM
fsr-3919	182	15	1.0494	1.0494	NUM
fsr-3919	182	16	*	*	SYM
fsr-3919	182	17	*	*	X
fsr-3919	182	18	0.2875	0.2875	NUM
fsr-3919	182	19	growth	growth	NOUN
fsr-3919	182	20	fund	fund	NOUN
fsr-3919	182	21	of	of	ADP
fsr-3919	182	22	spain	spain	PROPN
fsr-3919	182	23	366	366	NUM
fsr-3919	182	24	20.0025	20.0025	NUM
fsr-3919	182	25	20.0153	20.0153	NUM
fsr-3919	182	26	1.1533	1.1533	NUM
fsr-3919	182	27	*	*	PUNCT
fsr-3919	182	28	*	*	X
fsr-3919	182	29	0.4163	0.4163	NUM
fsr-3919	182	30	spain	spain	NOUN
fsr-3919	182	31	453	453	NUM
fsr-3919	182	32	20.0005	20.0005	NUM
fsr-3919	183	1	0.0007	0.0007	NUM
fsr-3919	183	2	1.0751	1.0751	NUM
fsr-3919	183	3	*	*	PUNCT
fsr-3919	183	4	*	*	PUNCT
fsr-3919	183	5	0.4001	0.4001	NUM
fsr-3919	183	6	switzerland	switzerland	NOUN
fsr-3919	183	7	481	481	NUM
fsr-3919	183	8	0.0032	0.0032	NUM
fsr-3919	183	9	*	*	PUNCT
fsr-3919	183	10	*	*	PUNCT
fsr-3919	183	11	0.0244	0.0244	NUM
fsr-3919	183	12	*	*	PUNCT
fsr-3919	183	13	0.8152	0.8152	NUM
fsr-3919	183	14	*	*	PUNCT
fsr-3919	183	15	*	*	NOUN
fsr-3919	183	16	0.3295	0.3295	NUM
fsr-3919	183	17	roc	roc	PROPN
fsr-3919	183	18	taiwan	taiwan	PROPN
fsr-3919	183	19	409	409	NUM
fsr-3919	183	20	0.0000	0.0000	NUM
fsr-3919	183	21	0.0698	0.0698	NUM
fsr-3919	183	22	*	*	PUNCT
fsr-3919	183	23	*	*	PUNCT
fsr-3919	184	1	0.7154	0.7154	NUM
fsr-3919	184	2	*	*	SYM
fsr-3919	184	3	*	*	PROPN
fsr-3919	184	4	0.0724	0.0724	NUM
fsr-3919	184	5	taiwan	taiwan	PROPN
fsr-3919	184	6	481	481	NUM
fsr-3919	184	7	20.0030	20.0030	NUM
fsr-3919	184	8	0.0423	0.0423	NUM
fsr-3919	184	9	*	*	PUNCT
fsr-3919	184	10	*	*	PUNCT
fsr-3919	185	1	0.8357	0.8357	NUM
fsr-3919	185	2	*	*	PUNCT
fsr-3919	185	3	*	*	PUNCT
fsr-3919	185	4	0.0827	0.0827	NUM
fsr-3919	185	5	thai	thai	PROPN
fsr-3919	185	6	463	463	NUM
fsr-3919	185	7	0.0006	0.0006	NUM
fsr-3919	185	8	0.0159	0.0159	NUM
fsr-3919	185	9	*	*	PUNCT
fsr-3919	185	10	0.7059	0.7059	NUM
fsr-3919	185	11	*	*	PUNCT
fsr-3919	185	12	*	*	SYM
fsr-3919	185	13	0.0891	0.0891	NUM
fsr-3919	185	14	thai	thai	ADJ
fsr-3919	185	15	capital	capital	NOUN
fsr-3919	185	16	354	354	NUM
fsr-3919	186	1	0.0027	0.0027	NUM
fsr-3919	186	2	0.0456	0.0456	NUM
fsr-3919	186	3	0.8577	0.8577	NUM
fsr-3919	186	4	*	*	PUNCT
fsr-3919	186	5	*	*	X
fsr-3919	186	6	0.1040	0.1040	NUM
fsr-3919	186	7	turkey	turkey	NOUN
fsr-3919	186	8	379	379	NUM
fsr-3919	186	9	0.0007	0.0007	NUM
fsr-3919	186	10	0.0216	0.0216	NUM
fsr-3919	186	11	0.5207	0.5207	NUM
fsr-3919	186	12	0.0132	0.0132	NUM
fsr-3919	186	13	united	united	ADJ
fsr-3919	186	14	kingdom	kingdom	PROPN
fsr-3919	186	15	481	481	NUM
fsr-3919	186	16	0.0016	0.0016	NUM
fsr-3919	186	17	0.0086	0.0086	NUM
fsr-3919	186	18	0.8460	0.8460	NUM
fsr-3919	186	19	*	*	PUNCT
fsr-3919	186	20	*	*	PUNCT
fsr-3919	186	21	0.3990	0.3990	NUM
fsr-3919	186	22	*	*	PUNCT
fsr-3919	186	23	significant	significant	ADJ
fsr-3919	186	24	at	at	ADP
fsr-3919	186	25	5	5	NUM
fsr-3919	186	26	%	%	NOUN
fsr-3919	186	27	,	,	PUNCT
fsr-3919	186	28	*	*	PUNCT
fsr-3919	186	29	*	*	PUNCT
fsr-3919	186	30	significant	significant	ADJ
fsr-3919	186	31	at	at	ADP
fsr-3919	186	32	1	1	NUM
fsr-3919	186	33	%	%	NOUN
fsr-3919	186	34	in	in	ADP
fsr-3919	186	35	two	two	NUM
fsr-3919	186	36	-	-	PUNCT
fsr-3919	186	37	tailed	tail	VERB
fsr-3919	186	38	t	t	NOUN
fsr-3919	186	39	-	-	PUNCT
fsr-3919	186	40	test	test	NOUN
fsr-3919	186	41	using	use	VERB
fsr-3919	186	42	newey	newey	PROPN
fsr-3919	186	43	and	and	CCONJ
fsr-3919	186	44	west	west	PROPN
fsr-3919	186	45	(	(	PUNCT
fsr-3919	186	46	1987	1987	NUM
fsr-3919	186	47	)	)	PUNCT
fsr-3919	186	48	standard	standard	ADJ
fsr-3919	186	49	errors	error	NOUN
fsr-3919	186	50	with	with	ADP
fsr-3919	186	51	one	one	NUM
fsr-3919	186	52	lag	lag	NOUN
fsr-3919	186	53	.	.	PUNCT
fsr-3919	187	1	179j.e	179j.e	NOUN
fsr-3919	187	2	.	.	PUNCT
fsr-3919	188	1	richard	richard	PROPN
fsr-3919	188	2	,	,	PUNCT
fsr-3919	188	3	j.b	j.b	PROPN
fsr-3919	188	4	.	.	PUNCT
fsr-3919	188	5	wiggins	wiggins	PROPN
fsr-3919	188	6	/	/	SYM
fsr-3919	188	7	financial	financial	ADJ
fsr-3919	188	8	services	service	NOUN
fsr-3919	188	9	review	review	VERB
fsr-3919	188	10	9	9	NUM
fsr-3919	188	11	(	(	PUNCT
fsr-3919	188	12	2000	2000	NUM
fsr-3919	188	13	)	)	PUNCT
fsr-3919	189	1	171–181	171–181	NUM
fsr-3919	189	2	investors	investor	NOUN
fsr-3919	189	3	than	than	ADP
fsr-3919	189	4	emerging	emerge	VERB
fsr-3919	189	5	asian	asian	ADJ
fsr-3919	189	6	markets	market	NOUN
fsr-3919	189	7	,	,	PUNCT
fsr-3919	189	8	with	with	ADP
fsr-3919	189	9	a	a	DET
fsr-3919	189	10	much	much	ADV
fsr-3919	189	11	wider	wide	ADJ
fsr-3919	189	12	selection	selection	NOUN
fsr-3919	189	13	of	of	ADP
fsr-3919	189	14	adrs	adr	NOUN
fsr-3919	189	15	available	available	ADJ
fsr-3919	189	16	.	.	PUNCT
fsr-3919	190	1	the	the	DET
fsr-3919	190	2	more	more	ADV
fsr-3919	190	3	accessible	accessible	ADJ
fsr-3919	190	4	the	the	DET
fsr-3919	190	5	market	market	NOUN
fsr-3919	190	6	,	,	PUNCT
fsr-3919	190	7	the	the	PRON
fsr-3919	190	8	faster	fast	ADJ
fsr-3919	190	9	the	the	DET
fsr-3919	190	10	information	information	NOUN
fsr-3919	190	11	of	of	ADP
fsr-3919	190	12	u.s	u.s	PROPN
fsr-3919	190	13	.	.	PROPN
fsr-3919	190	14	investors	investor	NOUN
fsr-3919	190	15	is	be	AUX
fsr-3919	190	16	reflected	reflect	VERB
fsr-3919	190	17	in	in	ADP
fsr-3919	190	18	nav	nav	NOUN
fsr-3919	190	19	,	,	PUNCT
fsr-3919	190	20	and	and	CCONJ
fsr-3919	190	21	thus	thus	ADV
fsr-3919	190	22	the	the	DET
fsr-3919	190	23	less	less	ADV
fsr-3919	190	24	informative	informative	ADJ
fsr-3919	190	25	is	be	AUX
fsr-3919	190	26	the	the	DET
fsr-3919	190	27	cecf	cecf	PROPN
fsr-3919	190	28	premium	premium	NOUN
fsr-3919	190	29	in	in	ADP
fsr-3919	190	30	forecasting	forecast	VERB
fsr-3919	190	31	future	future	ADJ
fsr-3919	190	32	returns	return	NOUN
fsr-3919	190	33	.	.	PUNCT
fsr-3919	191	1	5	5	X
fsr-3919	191	2	.	.	X
fsr-3919	191	3	conclusions	conclusion	NOUN
fsr-3919	191	4	closed	close	VERB
fsr-3919	191	5	-	-	PUNCT
fsr-3919	191	6	end	end	NOUN
fsr-3919	191	7	country	country	NOUN
fsr-3919	191	8	funds	fund	NOUN
fsr-3919	191	9	purchase	purchase	VERB
fsr-3919	191	10	diversified	diversify	VERB
fsr-3919	191	11	portfolios	portfolio	NOUN
fsr-3919	191	12	of	of	ADP
fsr-3919	191	13	common	common	ADJ
fsr-3919	191	14	stocks	stock	NOUN
fsr-3919	191	15	located	locate	VERB
fsr-3919	191	16	in	in	ADP
fsr-3919	191	17	a	a	DET
fsr-3919	191	18	specific	specific	ADJ
fsr-3919	191	19	foreign	foreign	ADJ
fsr-3919	191	20	country	country	NOUN
fsr-3919	191	21	.	.	PUNCT
fsr-3919	192	1	this	this	DET
fsr-3919	192	2	paper	paper	NOUN
fsr-3919	192	3	examines	examine	VERB
fsr-3919	192	4	whether	whether	SCONJ
fsr-3919	192	5	the	the	DET
fsr-3919	192	6	cecf	cecf	PROPN
fsr-3919	192	7	discount	discount	NOUN
fsr-3919	192	8	contains	contain	VERB
fsr-3919	192	9	valuable	valuable	ADJ
fsr-3919	192	10	information	information	NOUN
fsr-3919	192	11	regarding	regard	VERB
fsr-3919	192	12	(	(	PUNCT
fsr-3919	192	13	1	1	X
fsr-3919	192	14	)	)	PUNCT
fsr-3919	192	15	future	future	ADJ
fsr-3919	192	16	nav	nav	NOUN
fsr-3919	192	17	returns	return	NOUN
fsr-3919	192	18	,	,	PUNCT
fsr-3919	192	19	controlling	control	VERB
fsr-3919	192	20	for	for	ADP
fsr-3919	192	21	foreign	foreign	ADJ
fsr-3919	192	22	market	market	NOUN
fsr-3919	192	23	returns	return	NOUN
fsr-3919	192	24	,	,	PUNCT
fsr-3919	192	25	and	and	CCONJ
fsr-3919	192	26	(	(	PUNCT
fsr-3919	192	27	2	2	X
fsr-3919	192	28	)	)	PUNCT
fsr-3919	192	29	future	future	ADJ
fsr-3919	192	30	returns	return	NOUN
fsr-3919	192	31	on	on	ADP
fsr-3919	192	32	the	the	DET
fsr-3919	192	33	relevant	relevant	ADJ
fsr-3919	192	34	foreign	foreign	ADJ
fsr-3919	192	35	market	market	NOUN
fsr-3919	192	36	index	index	NOUN
fsr-3919	192	37	.	.	PUNCT
fsr-3919	193	1	because	because	SCONJ
fsr-3919	193	2	closed	close	VERB
fsr-3919	193	3	-	-	PUNCT
fsr-3919	193	4	end	end	NOUN
fsr-3919	193	5	funds	fund	NOUN
fsr-3919	193	6	do	do	AUX
fsr-3919	193	7	not	not	PART
fsr-3919	193	8	redeem	redeem	VERB
fsr-3919	193	9	or	or	CCONJ
fsr-3919	193	10	issue	issue	VERB
fsr-3919	193	11	new	new	ADJ
fsr-3919	193	12	shares	share	NOUN
fsr-3919	193	13	to	to	ADP
fsr-3919	193	14	investors	investor	NOUN
fsr-3919	193	15	on	on	ADP
fsr-3919	193	16	demand	demand	NOUN
fsr-3919	193	17	at	at	ADP
fsr-3919	193	18	nav	nav	NOUN
fsr-3919	193	19	like	like	INTJ
fsr-3919	193	20	open	open	ADJ
fsr-3919	193	21	-	-	PUNCT
fsr-3919	193	22	end	end	NOUN
fsr-3919	193	23	funds	fund	NOUN
fsr-3919	193	24	,	,	PUNCT
fsr-3919	193	25	the	the	DET
fsr-3919	193	26	cecf	cecf	PROPN
fsr-3919	193	27	premium	premium	NOUN
fsr-3919	193	28	reflects	reflect	VERB
fsr-3919	193	29	investor	investor	NOUN
fsr-3919	193	30	perceptions	perception	NOUN
fsr-3919	193	31	of	of	ADP
fsr-3919	193	32	the	the	DET
fsr-3919	193	33	expected	expect	VERB
fsr-3919	193	34	future	future	ADJ
fsr-3919	193	35	performance	performance	NOUN
fsr-3919	193	36	of	of	ADP
fsr-3919	193	37	fund	fund	NOUN
fsr-3919	193	38	managers	manager	NOUN
fsr-3919	193	39	.	.	PUNCT
fsr-3919	194	1	all	all	DET
fsr-3919	194	2	else	else	ADV
fsr-3919	194	3	equal	equal	ADJ
fsr-3919	194	4	,	,	PUNCT
fsr-3919	194	5	the	the	PRON
fsr-3919	194	6	higher	high	ADJ
fsr-3919	194	7	the	the	DET
fsr-3919	194	8	perceived	perceive	VERB
fsr-3919	194	9	future	future	ADJ
fsr-3919	194	10	performance	performance	NOUN
fsr-3919	194	11	of	of	ADP
fsr-3919	194	12	the	the	DET
fsr-3919	194	13	fund	fund	NOUN
fsr-3919	194	14	,	,	PUNCT
fsr-3919	194	15	the	the	PRON
fsr-3919	194	16	higher	high	ADJ
fsr-3919	194	17	the	the	DET
fsr-3919	194	18	premium	premium	NOUN
fsr-3919	194	19	.	.	PUNCT
fsr-3919	195	1	we	we	PRON
fsr-3919	195	2	find	find	VERB
fsr-3919	195	3	a	a	DET
fsr-3919	195	4	positive	positive	ADJ
fsr-3919	195	5	and	and	CCONJ
fsr-3919	195	6	statistically	statistically	ADV
fsr-3919	195	7	significant	significant	ADJ
fsr-3919	195	8	relation	relation	NOUN
fsr-3919	195	9	between	between	ADP
fsr-3919	195	10	the	the	DET
fsr-3919	195	11	premium	premium	NOUN
fsr-3919	195	12	and	and	CCONJ
fsr-3919	195	13	future	future	ADJ
fsr-3919	195	14	nav	nav	NOUN
fsr-3919	195	15	returns	return	NOUN
fsr-3919	195	16	,	,	PUNCT
fsr-3919	195	17	controlling	control	VERB
fsr-3919	195	18	for	for	ADP
fsr-3919	195	19	the	the	DET
fsr-3919	195	20	contemporaneous	contemporaneous	ADJ
fsr-3919	195	21	foreign	foreign	ADJ
fsr-3919	195	22	market	market	NOUN
fsr-3919	195	23	return	return	NOUN
fsr-3919	195	24	and	and	CCONJ
fsr-3919	195	25	exchange	exchange	NOUN
fsr-3919	195	26	rate	rate	NOUN
fsr-3919	195	27	fluctuations	fluctuation	NOUN
fsr-3919	195	28	.	.	PUNCT
fsr-3919	196	1	since	since	SCONJ
fsr-3919	196	2	few	few	ADJ
fsr-3919	196	3	open	open	ADJ
fsr-3919	196	4	-	-	PUNCT
fsr-3919	196	5	end	end	NOUN
fsr-3919	196	6	funds	fund	NOUN
fsr-3919	196	7	specialize	specialize	VERB
fsr-3919	196	8	in	in	ADP
fsr-3919	196	9	a	a	DET
fsr-3919	196	10	single	single	ADJ
fsr-3919	196	11	foreign	foreign	ADJ
fsr-3919	196	12	market	market	NOUN
fsr-3919	196	13	,	,	PUNCT
fsr-3919	196	14	investing	invest	VERB
fsr-3919	196	15	in	in	ADP
fsr-3919	196	16	a	a	DET
fsr-3919	196	17	cecf	cecf	NOUN
fsr-3919	196	18	is	be	AUX
fsr-3919	196	19	typically	typically	ADV
fsr-3919	196	20	the	the	DET
fsr-3919	196	21	most	most	ADV
fsr-3919	196	22	efficient	efficient	ADJ
fsr-3919	196	23	way	way	NOUN
fsr-3919	196	24	for	for	SCONJ
fsr-3919	196	25	an	an	DET
fsr-3919	196	26	individual	individual	NOUN
fsr-3919	196	27	to	to	PART
fsr-3919	196	28	purchase	purchase	VERB
fsr-3919	196	29	a	a	DET
fsr-3919	196	30	portfolio	portfolio	NOUN
fsr-3919	196	31	of	of	ADP
fsr-3919	196	32	stocks	stock	NOUN
fsr-3919	196	33	in	in	ADP
fsr-3919	196	34	a	a	DET
fsr-3919	196	35	specific	specific	ADJ
fsr-3919	196	36	country	country	NOUN
fsr-3919	196	37	.	.	PUNCT
fsr-3919	197	1	thus	thus	ADV
fsr-3919	197	2	,	,	PUNCT
fsr-3919	197	3	cecf	cecf	NOUN
fsr-3919	197	4	premiums	premium	NOUN
fsr-3919	197	5	and	and	CCONJ
fsr-3919	197	6	discounts	discount	NOUN
fsr-3919	197	7	provide	provide	VERB
fsr-3919	197	8	a	a	DET
fsr-3919	197	9	measure	measure	NOUN
fsr-3919	197	10	of	of	ADP
fsr-3919	197	11	u.s	u.s	PROPN
fsr-3919	197	12	.	.	PROPN
fsr-3919	197	13	investors	investor	NOUN
fsr-3919	197	14	’	’	PART
fsr-3919	197	15	valuation	valuation	NOUN
fsr-3919	197	16	of	of	ADP
fsr-3919	197	17	the	the	DET
fsr-3919	197	18	stock	stock	NOUN
fsr-3919	197	19	market	market	NOUN
fsr-3919	197	20	in	in	ADP
fsr-3919	197	21	the	the	DET
fsr-3919	197	22	country	country	NOUN
fsr-3919	197	23	.	.	PUNCT
fsr-3919	198	1	we	we	PRON
fsr-3919	198	2	find	find	VERB
fsr-3919	198	3	that	that	SCONJ
fsr-3919	198	4	relation	relation	NOUN
fsr-3919	198	5	between	between	ADP
fsr-3919	198	6	the	the	DET
fsr-3919	198	7	cecf	cecf	PROPN
fsr-3919	198	8	premium	premium	NOUN
fsr-3919	198	9	at	at	ADP
fsr-3919	198	10	the	the	DET
fsr-3919	198	11	end	end	NOUN
fsr-3919	198	12	of	of	ADP
fsr-3919	198	13	week	week	NOUN
fsr-3919	198	14	t-1	t-1	PROPN
fsr-3919	198	15	and	and	CCONJ
fsr-3919	198	16	the	the	DET
fsr-3919	198	17	week	week	NOUN
fsr-3919	198	18	t	t	PROPN
fsr-3919	198	19	return	return	NOUN
fsr-3919	198	20	on	on	ADP
fsr-3919	198	21	the	the	DET
fsr-3919	198	22	foreign	foreign	ADJ
fsr-3919	198	23	market	market	NOUN
fsr-3919	198	24	is	be	AUX
fsr-3919	198	25	positive	positive	ADJ
fsr-3919	198	26	and	and	CCONJ
fsr-3919	198	27	statistically	statistically	ADV
fsr-3919	198	28	significant	significant	ADJ
fsr-3919	198	29	for	for	ADP
fsr-3919	198	30	11	11	NUM
fsr-3919	198	31	of	of	ADP
fsr-3919	198	32	38	38	NUM
fsr-3919	198	33	funds	fund	NOUN
fsr-3919	198	34	,	,	PUNCT
fsr-3919	198	35	controlling	control	VERB
fsr-3919	198	36	for	for	ADP
fsr-3919	198	37	the	the	DET
fsr-3919	198	38	week	week	NOUN
fsr-3919	198	39	t	t	PROPN
fsr-3919	198	40	return	return	NOUN
fsr-3919	198	41	on	on	ADP
fsr-3919	198	42	the	the	DET
fsr-3919	198	43	world	world	NOUN
fsr-3919	198	44	market	market	NOUN
fsr-3919	198	45	.	.	PUNCT
fsr-3919	199	1	our	our	PRON
fsr-3919	199	2	results	result	NOUN
fsr-3919	199	3	are	be	AUX
fsr-3919	199	4	important	important	ADJ
fsr-3919	199	5	for	for	ADP
fsr-3919	199	6	the	the	DET
fsr-3919	199	7	individual	individual	ADJ
fsr-3919	199	8	investor	investor	NOUN
fsr-3919	199	9	in	in	ADP
fsr-3919	199	10	a	a	DET
fsr-3919	199	11	couple	couple	NOUN
fsr-3919	199	12	of	of	ADP
fsr-3919	199	13	ways	way	NOUN
fsr-3919	199	14	.	.	PUNCT
fsr-3919	200	1	first	first	ADV
fsr-3919	200	2	,	,	PUNCT
fsr-3919	200	3	we	we	PRON
fsr-3919	200	4	confirm	confirm	VERB
fsr-3919	200	5	previous	previous	ADJ
fsr-3919	200	6	findings	finding	NOUN
fsr-3919	200	7	that	that	PRON
fsr-3919	200	8	cecf	cecf	PROPN
fsr-3919	200	9	discounts	discount	NOUN
fsr-3919	200	10	provide	provide	VERB
fsr-3919	200	11	information	information	NOUN
fsr-3919	200	12	about	about	ADP
fsr-3919	200	13	the	the	DET
fsr-3919	200	14	future	future	ADJ
fsr-3919	200	15	investment	investment	NOUN
fsr-3919	200	16	performance	performance	NOUN
fsr-3919	200	17	of	of	ADP
fsr-3919	200	18	the	the	DET
fsr-3919	200	19	fund	fund	NOUN
fsr-3919	200	20	,	,	PUNCT
fsr-3919	200	21	controlling	control	VERB
fsr-3919	200	22	for	for	ADP
fsr-3919	200	23	the	the	DET
fsr-3919	200	24	foreign	foreign	ADJ
fsr-3919	200	25	market	market	NOUN
fsr-3919	200	26	return	return	NOUN
fsr-3919	200	27	and	and	CCONJ
fsr-3919	200	28	exchange	exchange	NOUN
fsr-3919	200	29	rate	rate	NOUN
fsr-3919	200	30	fluctuations	fluctuation	NOUN
fsr-3919	200	31	.	.	PUNCT
fsr-3919	201	1	a	a	DET
fsr-3919	201	2	fund	fund	NOUN
fsr-3919	201	3	with	with	ADP
fsr-3919	201	4	a	a	DET
fsr-3919	201	5	large	large	ADJ
fsr-3919	201	6	discount	discount	NOUN
fsr-3919	201	7	is	be	AUX
fsr-3919	201	8	not	not	PART
fsr-3919	201	9	necessarily	necessarily	ADV
fsr-3919	201	10	a	a	DET
fsr-3919	201	11	bargain	bargain	NOUN
fsr-3919	201	12	,	,	PUNCT
fsr-3919	201	13	because	because	SCONJ
fsr-3919	201	14	its	its	PRON
fsr-3919	201	15	future	future	ADJ
fsr-3919	201	16	nav	nav	NOUN
fsr-3919	201	17	returns	return	NOUN
fsr-3919	201	18	can	can	AUX
fsr-3919	201	19	be	be	AUX
fsr-3919	201	20	expected	expect	VERB
fsr-3919	201	21	to	to	PART
fsr-3919	201	22	lag	lag	VERB
fsr-3919	201	23	behind	behind	ADP
fsr-3919	201	24	its	its	PRON
fsr-3919	201	25	respective	respective	ADJ
fsr-3919	201	26	market	market	NOUN
fsr-3919	201	27	.	.	PUNCT
fsr-3919	202	1	second	second	ADJ
fsr-3919	202	2	,	,	PUNCT
fsr-3919	202	3	this	this	PRON
fsr-3919	202	4	is	be	AUX
fsr-3919	202	5	the	the	DET
fsr-3919	202	6	first	first	ADJ
fsr-3919	202	7	paper	paper	NOUN
fsr-3919	202	8	to	to	PART
fsr-3919	202	9	show	show	VERB
fsr-3919	202	10	that	that	SCONJ
fsr-3919	202	11	the	the	DET
fsr-3919	202	12	cecf	cecf	PROPN
fsr-3919	202	13	discount	discount	NOUN
fsr-3919	202	14	forecasts	forecast	VERB
fsr-3919	202	15	the	the	DET
fsr-3919	202	16	return	return	NOUN
fsr-3919	202	17	on	on	ADP
fsr-3919	202	18	the	the	DET
fsr-3919	202	19	underlying	underlie	VERB
fsr-3919	202	20	foreign	foreign	ADJ
fsr-3919	202	21	market	market	NOUN
fsr-3919	202	22	.	.	PUNCT
fsr-3919	203	1	large	large	ADJ
fsr-3919	203	2	discounts	discount	NOUN
fsr-3919	203	3	are	be	AUX
fsr-3919	203	4	associated	associate	VERB
fsr-3919	203	5	with	with	ADP
fsr-3919	203	6	relatively	relatively	ADV
fsr-3919	203	7	low	low	ADJ
fsr-3919	203	8	returns	return	NOUN
fsr-3919	203	9	on	on	ADP
fsr-3919	203	10	the	the	DET
fsr-3919	203	11	foreign	foreign	ADJ
fsr-3919	203	12	market	market	NOUN
fsr-3919	203	13	,	,	PUNCT
fsr-3919	203	14	controlling	control	VERB
fsr-3919	203	15	for	for	ADP
fsr-3919	203	16	the	the	DET
fsr-3919	203	17	world	world	NOUN
fsr-3919	203	18	market	market	NOUN
fsr-3919	203	19	return	return	NOUN
fsr-3919	203	20	.	.	PUNCT
fsr-3919	204	1	this	this	PRON
fsr-3919	204	2	is	be	AUX
fsr-3919	204	3	especially	especially	ADV
fsr-3919	204	4	true	true	ADJ
fsr-3919	204	5	in	in	ADP
fsr-3919	204	6	asian	asian	ADJ
fsr-3919	204	7	markets	market	NOUN
fsr-3919	204	8	,	,	PUNCT
fsr-3919	204	9	which	which	PRON
fsr-3919	204	10	are	be	AUX
fsr-3919	204	11	less	less	ADV
fsr-3919	204	12	open	open	ADJ
fsr-3919	204	13	to	to	ADP
fsr-3919	204	14	u.s	u.s	PROPN
fsr-3919	204	15	.	.	PROPN
fsr-3919	204	16	investors	investor	NOUN
fsr-3919	204	17	than	than	ADP
fsr-3919	204	18	many	many	ADJ
fsr-3919	204	19	other	other	ADJ
fsr-3919	204	20	markets	market	NOUN
fsr-3919	204	21	.	.	PUNCT
fsr-3919	205	1	cecf	cecf	NOUN
fsr-3919	205	2	premiums	premium	NOUN
fsr-3919	205	3	and	and	CCONJ
fsr-3919	205	4	discounts	discount	NOUN
fsr-3919	205	5	at	at	ADP
fsr-3919	205	6	least	least	ADJ
fsr-3919	205	7	partially	partially	ADV
fsr-3919	205	8	reflect	reflect	VERB
fsr-3919	205	9	rational	rational	ADJ
fsr-3919	205	10	assessments	assessment	NOUN
fsr-3919	205	11	of	of	ADP
fsr-3919	205	12	the	the	DET
fsr-3919	205	13	future	future	ADJ
fsr-3919	205	14	performance	performance	NOUN
fsr-3919	205	15	of	of	ADP
fsr-3919	205	16	both	both	CCONJ
fsr-3919	205	17	the	the	DET
fsr-3919	205	18	home	home	NOUN
fsr-3919	205	19	market	market	NOUN
fsr-3919	205	20	and	and	CCONJ
fsr-3919	205	21	the	the	DET
fsr-3919	205	22	fund	fund	NOUN
fsr-3919	205	23	manager	manager	NOUN
fsr-3919	205	24	,	,	PUNCT
fsr-3919	205	25	not	not	PART
fsr-3919	205	26	simply	simply	ADV
fsr-3919	205	27	pricing	price	VERB
fsr-3919	205	28	errors	error	NOUN
fsr-3919	205	29	caused	cause	VERB
fsr-3919	205	30	by	by	ADP
fsr-3919	205	31	irrational	irrational	ADJ
fsr-3919	205	32	investor	investor	NOUN
fsr-3919	205	33	sentiment	sentiment	NOUN
fsr-3919	205	34	.	.	PUNCT
fsr-3919	206	1	references	reference	NOUN
fsr-3919	206	2	bailey	bailey	PROPN
fsr-3919	206	3	,	,	PUNCT
fsr-3919	206	4	w.	w.	PROPN
fsr-3919	206	5	,	,	PUNCT
fsr-3919	206	6	&	&	CCONJ
fsr-3919	206	7	lim	lim	PROPN
fsr-3919	206	8	,	,	PUNCT
fsr-3919	206	9	j.	j.	PROPN
fsr-3919	206	10	(	(	PUNCT
fsr-3919	206	11	1992	1992	NUM
fsr-3919	206	12	)	)	PUNCT
fsr-3919	206	13	.	.	PUNCT
fsr-3919	207	1	evaluating	evaluate	VERB
fsr-3919	207	2	the	the	DET
fsr-3919	207	3	diversification	diversification	NOUN
fsr-3919	207	4	benefits	benefit	NOUN
fsr-3919	207	5	of	of	ADP
fsr-3919	207	6	the	the	DET
fsr-3919	207	7	new	new	ADJ
fsr-3919	207	8	country	country	NOUN
fsr-3919	207	9	funds.journal	funds.journal	ADJ
fsr-3919	207	10	of	of	ADP
fsr-3919	207	11	portfolio	portfolio	NOUN
fsr-3919	207	12	management	management	NOUN
fsr-3919	207	13	,	,	PUNCT
fsr-3919	207	14	18,74–80	18,74–80	PROPN
fsr-3919	207	15	.	.	PUNCT
fsr-3919	207	16	bekaert	bekaert	PROPN
fsr-3919	207	17	,	,	PUNCT
fsr-3919	207	18	g.	g.	PROPN
fsr-3919	207	19	,	,	PUNCT
fsr-3919	207	20	&	&	CCONJ
fsr-3919	207	21	urias	urias	PROPN
fsr-3919	207	22	,	,	PUNCT
fsr-3919	207	23	m.	m.	NOUN
fsr-3919	207	24	(	(	PUNCT
fsr-3919	207	25	1996	1996	NUM
fsr-3919	207	26	)	)	PUNCT
fsr-3919	207	27	.	.	PUNCT
fsr-3919	208	1	diversification	diversification	NOUN
fsr-3919	208	2	,	,	PUNCT
fsr-3919	208	3	integration	integration	NOUN
fsr-3919	208	4	and	and	CCONJ
fsr-3919	208	5	emerging	emerge	VERB
fsr-3919	208	6	market	market	NOUN
fsr-3919	208	7	closed	closed	ADJ
fsr-3919	208	8	-	-	PUNCT
fsr-3919	208	9	end	end	NOUN
fsr-3919	208	10	funds.journal	funds.journal	ADJ
fsr-3919	208	11	of	of	ADP
fsr-3919	208	12	finance	finance	NOUN
fsr-3919	208	13	,	,	PUNCT
fsr-3919	208	14	51,835–869	51,835–869	NUM
fsr-3919	208	15	.	.	PUNCT
fsr-3919	209	1	bodurtha	bodurtha	PROPN
fsr-3919	209	2	,	,	PUNCT
fsr-3919	209	3	j.	j.	PROPN
fsr-3919	209	4	,	,	PUNCT
fsr-3919	209	5	kim	kim	PROPN
fsr-3919	209	6	,	,	PUNCT
fsr-3919	209	7	d.	d.	PROPN
fsr-3919	209	8	,	,	PUNCT
fsr-3919	209	9	&	&	CCONJ
fsr-3919	209	10	lee	lee	PROPN
fsr-3919	209	11	,	,	PUNCT
fsr-3919	209	12	c.	c.	PROPN
fsr-3919	209	13	(	(	PUNCT
fsr-3919	209	14	1995	1995	NUM
fsr-3919	209	15	)	)	PUNCT
fsr-3919	209	16	.	.	PUNCT
fsr-3919	210	1	closed	close	VERB
fsr-3919	210	2	-	-	PUNCT
fsr-3919	210	3	end	end	NOUN
fsr-3919	210	4	country	country	NOUN
fsr-3919	210	5	funds	fund	NOUN
fsr-3919	210	6	and	and	CCONJ
fsr-3919	210	7	u.s	u.s	PROPN
fsr-3919	210	8	.	.	PROPN
fsr-3919	210	9	market	market	NOUN
fsr-3919	210	10	sentiment.review	sentiment.review	NOUN
fsr-3919	210	11	of	of	ADP
fsr-3919	210	12	financial	financial	ADJ
fsr-3919	210	13	studies	study	NOUN
fsr-3919	210	14	,	,	PUNCT
fsr-3919	210	15	8,879–918	8,879–918	NUM
fsr-3919	210	16	.	.	PUNCT
fsr-3919	211	1	180	180	NUM
fsr-3919	211	2	j.e	j.e	PROPN
fsr-3919	211	3	.	.	PROPN
fsr-3919	211	4	richard	richard	PROPN
fsr-3919	211	5	,	,	PUNCT
fsr-3919	211	6	j.b	j.b	PROPN
fsr-3919	211	7	.	.	PUNCT
fsr-3919	211	8	wiggins	wiggins	PROPN
fsr-3919	211	9	/	/	SYM
fsr-3919	211	10	financial	financial	ADJ
fsr-3919	211	11	services	service	NOUN
fsr-3919	211	12	review	review	VERB
fsr-3919	211	13	9	9	NUM
fsr-3919	211	14	(	(	PUNCT
fsr-3919	211	15	2000	2000	NUM
fsr-3919	211	16	)	)	PUNCT
fsr-3919	212	1	171–181	171–181	NUM
fsr-3919	212	2	bonser	bonser	NOUN
fsr-3919	212	3	-	-	PUNCT
fsr-3919	212	4	neal	neal	PROPN
fsr-3919	212	5	,	,	PUNCT
fsr-3919	212	6	c.	c.	PROPN
fsr-3919	212	7	,	,	PUNCT
fsr-3919	212	8	brauer	brauer	PROPN
fsr-3919	212	9	,	,	PUNCT
fsr-3919	212	10	g.	g.	PROPN
fsr-3919	212	11	,	,	PUNCT
fsr-3919	212	12	neal	neal	PROPN
fsr-3919	212	13	,	,	PUNCT
fsr-3919	212	14	r.	r.	PROPN
fsr-3919	212	15	,	,	PUNCT
fsr-3919	212	16	&	&	CCONJ
fsr-3919	212	17	wheatley	wheatley	PROPN
fsr-3919	212	18	,	,	PUNCT
fsr-3919	212	19	s.	s.	PROPN
fsr-3919	212	20	(	(	PUNCT
fsr-3919	212	21	1990	1990	NUM
fsr-3919	212	22	)	)	PUNCT
fsr-3919	212	23	.	.	PUNCT
fsr-3919	213	1	international	international	ADJ
fsr-3919	213	2	investment	investment	NOUN
fsr-3919	213	3	restrictions	restriction	NOUN
fsr-3919	213	4	and	and	CCONJ
fsr-3919	213	5	closed	closed	ADJ
fsr-3919	213	6	-	-	PUNCT
fsr-3919	213	7	end	end	NOUN
fsr-3919	213	8	country	country	NOUN
fsr-3919	213	9	fund	fund	NOUN
fsr-3919	213	10	prices.journal	prices.journal	PROPN
fsr-3919	213	11	of	of	ADP
fsr-3919	213	12	finance	finance	NOUN
fsr-3919	213	13	,	,	PUNCT
fsr-3919	213	14	45,523–548	45,523–548	NUM
fsr-3919	213	15	.	.	PUNCT
fsr-3919	214	1	boudreaux	boudreaux	PROPN
fsr-3919	214	2	,	,	PUNCT
fsr-3919	214	3	k.	k.	PROPN
fsr-3919	214	4	(	(	PUNCT
fsr-3919	214	5	1973	1973	NUM
fsr-3919	214	6	)	)	PUNCT
fsr-3919	214	7	.	.	PUNCT
fsr-3919	215	1	discounts	discount	NOUN
fsr-3919	215	2	and	and	CCONJ
fsr-3919	215	3	premiums	premium	NOUN
fsr-3919	215	4	on	on	ADP
fsr-3919	215	5	closed	closed	ADJ
fsr-3919	215	6	-	-	PUNCT
fsr-3919	215	7	end	end	NOUN
fsr-3919	215	8	mutual	mutual	ADJ
fsr-3919	215	9	funds	fund	NOUN
fsr-3919	215	10	:	:	PUNCT
fsr-3919	215	11	a	a	DET
fsr-3919	215	12	study	study	NOUN
fsr-3919	215	13	in	in	ADP
fsr-3919	215	14	valuation.journal	valuation.journal	PROPN
fsr-3919	215	15	of	of	ADP
fsr-3919	215	16	finance	finance	NOUN
fsr-3919	215	17	,	,	PUNCT
fsr-3919	215	18	28,515–522	28,515–522	NUM
fsr-3919	215	19	.	.	PUNCT
fsr-3919	216	1	chay	chay	PROPN
fsr-3919	216	2	,	,	PUNCT
fsr-3919	216	3	j.	j.	PROPN
fsr-3919	216	4	,	,	PUNCT
fsr-3919	216	5	&	&	CCONJ
fsr-3919	216	6	trzcinka	trzcinka	PROPN
fsr-3919	216	7	,	,	PUNCT
fsr-3919	216	8	c.	c.	PROPN
fsr-3919	216	9	(	(	PUNCT
fsr-3919	216	10	1999	1999	NUM
fsr-3919	216	11	)	)	PUNCT
fsr-3919	216	12	.	.	PUNCT
fsr-3919	217	1	managerial	managerial	ADJ
fsr-3919	217	2	performance	performance	NOUN
fsr-3919	217	3	and	and	CCONJ
fsr-3919	217	4	the	the	DET
fsr-3919	217	5	cross	cross	ADJ
fsr-3919	217	6	-	-	ADJ
fsr-3919	217	7	sectional	sectional	ADJ
fsr-3919	217	8	pricing	pricing	NOUN
fsr-3919	217	9	of	of	ADP
fsr-3919	217	10	closed	closed	ADJ
fsr-3919	217	11	-	-	PUNCT
fsr-3919	217	12	end	end	NOUN
fsr-3919	217	13	funds	fund	NOUN
fsr-3919	217	14	.	.	PUNCT
fsr-3919	218	1	journal	journal	NOUN
fsr-3919	218	2	of	of	ADP
fsr-3919	218	3	financial	financial	ADJ
fsr-3919	218	4	economics	economic	NOUN
fsr-3919	218	5	,	,	PUNCT
fsr-3919	218	6	52,379–408	52,379–408	NUM
fsr-3919	218	7	.	.	PUNCT
fsr-3919	219	1	errunza	errunza	ADJ
fsr-3919	219	2	,	,	PUNCT
fsr-3919	219	3	v.	v.	PROPN
fsr-3919	219	4	(	(	PUNCT
fsr-3919	219	5	1991	1991	NUM
fsr-3919	219	6	)	)	PUNCT
fsr-3919	219	7	.	.	PUNCT
fsr-3919	220	1	pricing	pricing	NOUN
fsr-3919	220	2	of	of	ADP
fsr-3919	220	3	national	national	ADJ
fsr-3919	220	4	index	index	NOUN
fsr-3919	220	5	funds.review	funds.review	NOUN
fsr-3919	220	6	of	of	ADP
fsr-3919	220	7	quantitative	quantitative	ADJ
fsr-3919	220	8	finance	finance	NOUN
fsr-3919	220	9	and	and	CCONJ
fsr-3919	220	10	accounting	accounting	NOUN
fsr-3919	220	11	,	,	PUNCT
fsr-3919	220	12	1,91–100	1,91–100	NUM
fsr-3919	220	13	.	.	PUNCT
fsr-3919	220	14	errunza	errunza	ADJ
fsr-3919	220	15	,	,	PUNCT
fsr-3919	220	16	v.	v.	PROPN
fsr-3919	220	17	,	,	PUNCT
fsr-3919	220	18	&	&	CCONJ
fsr-3919	220	19	losq	losq	PROPN
fsr-3919	220	20	,	,	PUNCT
fsr-3919	220	21	e.	e.	PROPN
fsr-3919	220	22	(	(	PUNCT
fsr-3919	220	23	1985	1985	NUM
fsr-3919	220	24	)	)	PUNCT
fsr-3919	220	25	.	.	PUNCT
fsr-3919	221	1	international	international	ADJ
fsr-3919	221	2	asset	asset	NOUN
fsr-3919	221	3	pricing	pricing	NOUN
fsr-3919	221	4	under	under	ADP
fsr-3919	221	5	mild	mild	ADJ
fsr-3919	221	6	segmentation	segmentation	NOUN
fsr-3919	221	7	:	:	PUNCT
fsr-3919	221	8	theory	theory	NOUN
fsr-3919	221	9	and	and	CCONJ
fsr-3919	221	10	test.journal	test.journal	PRON
fsr-3919	221	11	of	of	ADP
fsr-3919	221	12	finance40	finance40	ADV
fsr-3919	221	13	,	,	PUNCT
fsr-3919	221	14	401–417	401–417	NUM
fsr-3919	221	15	.	.	PUNCT
fsr-3919	222	1	errunza	errunza	ADJ
fsr-3919	222	2	,	,	PUNCT
fsr-3919	222	3	v.	v.	PROPN
fsr-3919	222	4	,	,	PUNCT
fsr-3919	222	5	&	&	CCONJ
fsr-3919	222	6	losq	losq	PROPN
fsr-3919	222	7	,	,	PUNCT
fsr-3919	222	8	e.	e.	PROPN
fsr-3919	222	9	(	(	PUNCT
fsr-3919	222	10	1989	1989	NUM
fsr-3919	222	11	)	)	PUNCT
fsr-3919	222	12	.	.	PUNCT
fsr-3919	223	1	capital	capital	NOUN
fsr-3919	223	2	flow	flow	NOUN
fsr-3919	223	3	controls	control	NOUN
fsr-3919	223	4	,	,	PUNCT
fsr-3919	223	5	international	international	ADJ
fsr-3919	223	6	asset	asset	NOUN
fsr-3919	223	7	pricing	pricing	NOUN
fsr-3919	223	8	,	,	PUNCT
fsr-3919	223	9	and	and	CCONJ
fsr-3919	223	10	investors	investor	NOUN
fsr-3919	223	11	’	'	PUNCT
fsr-3919	223	12	welfare	welfare	NOUN
fsr-3919	223	13	:	:	PUNCT
fsr-3919	223	14	a	a	DET
fsr-3919	223	15	multi	multi	ADJ
fsr-3919	223	16	-	-	ADJ
fsr-3919	223	17	country	country	ADJ
fsr-3919	223	18	framework.journal	framework.journal	PROPN
fsr-3919	223	19	of	of	ADP
fsr-3919	223	20	finance	finance	NOUN
fsr-3919	223	21	,	,	PUNCT
fsr-3919	223	22	44,1025–1038	44,1025–1038	PROPN
fsr-3919	223	23	.	.	PUNCT
fsr-3919	223	24	hardouvelis	hardouvelis	PROPN
fsr-3919	223	25	,	,	PUNCT
fsr-3919	223	26	g.	g.	PROPN
fsr-3919	223	27	,	,	PUNCT
fsr-3919	223	28	la	la	PROPN
fsr-3919	223	29	porta	porta	PROPN
fsr-3919	223	30	,	,	PUNCT
fsr-3919	223	31	r.	r.	PROPN
fsr-3919	223	32	,	,	PUNCT
fsr-3919	223	33	&	&	CCONJ
fsr-3919	223	34	wizman	wizman	PROPN
fsr-3919	223	35	,	,	PUNCT
fsr-3919	223	36	t.	t.	PROPN
fsr-3919	223	37	(	(	PUNCT
fsr-3919	223	38	1994	1994	NUM
fsr-3919	223	39	)	)	PUNCT
fsr-3919	223	40	.	.	PUNCT
fsr-3919	224	1	what	what	PRON
fsr-3919	224	2	moves	move	VERB
fsr-3919	224	3	the	the	DET
fsr-3919	224	4	discount	discount	NOUN
fsr-3919	224	5	on	on	ADP
fsr-3919	224	6	country	country	NOUN
fsr-3919	224	7	equity	equity	NOUN
fsr-3919	224	8	funds	fund	NOUN
fsr-3919	224	9	.	.	PUNCT
fsr-3919	225	1	in	in	ADP
fsr-3919	225	2	:	:	PUNCT
fsr-3919	225	3	j.	j.	PROPN
fsr-3919	225	4	frankel	frankel	PROPN
fsr-3919	225	5	,	,	PUNCT
fsr-3919	225	6	(	(	PUNCT
fsr-3919	225	7	ed),the	ed),the	DET
fsr-3919	225	8	internationalization	internationalization	NOUN
fsr-3919	225	9	of	of	ADP
fsr-3919	225	10	equity	equity	NOUN
fsr-3919	225	11	markets,345–397	markets,345–397	PROPN
fsr-3919	225	12	.	.	PUNCT
fsr-3919	225	13	lee	lee	PROPN
fsr-3919	225	14	,	,	PUNCT
fsr-3919	225	15	c.	c.	PROPN
fsr-3919	225	16	,	,	PUNCT
fsr-3919	225	17	shleifer	shleifer	PROPN
fsr-3919	225	18	,	,	PUNCT
fsr-3919	225	19	a.	a.	NOUN
fsr-3919	225	20	,	,	PUNCT
fsr-3919	225	21	&	&	CCONJ
fsr-3919	225	22	thaler	thaler	PROPN
fsr-3919	225	23	,	,	PUNCT
fsr-3919	225	24	r.	r.	PROPN
fsr-3919	225	25	(	(	PUNCT
fsr-3919	225	26	1991	1991	NUM
fsr-3919	225	27	)	)	PUNCT
fsr-3919	225	28	.	.	PUNCT
fsr-3919	226	1	investor	investor	NOUN
fsr-3919	226	2	sentiment	sentiment	NOUN
fsr-3919	226	3	and	and	CCONJ
fsr-3919	226	4	the	the	DET
fsr-3919	226	5	closed	close	VERB
fsr-3919	226	6	-	-	PUNCT
fsr-3919	226	7	end	end	NOUN
fsr-3919	226	8	fund	fund	NOUN
fsr-3919	226	9	puzzle.journal	puzzle.journal	ADJ
fsr-3919	226	10	of	of	ADP
fsr-3919	226	11	finance	finance	NOUN
fsr-3919	226	12	,	,	PUNCT
fsr-3919	226	13	46	46	NUM
fsr-3919	226	14	,	,	PUNCT
fsr-3919	226	15	75–109	75–109	NUM
fsr-3919	226	16	.	.	PUNCT
fsr-3919	226	17	malkiel	malkiel	PROPN
fsr-3919	226	18	,	,	PUNCT
fsr-3919	226	19	b.	b.	PROPN
fsr-3919	226	20	(	(	PUNCT
fsr-3919	226	21	1977	1977	NUM
fsr-3919	226	22	)	)	PUNCT
fsr-3919	226	23	.	.	PUNCT
fsr-3919	227	1	the	the	DET
fsr-3919	227	2	valuation	valuation	NOUN
fsr-3919	227	3	of	of	ADP
fsr-3919	227	4	closed	close	VERB
fsr-3919	227	5	-	-	PUNCT
fsr-3919	227	6	end	end	NOUN
fsr-3919	227	7	investment	investment	NOUN
fsr-3919	227	8	-	-	PUNCT
fsr-3919	227	9	company	company	NOUN
fsr-3919	227	10	shares.journal	shares.journal	ADJ
fsr-3919	227	11	of	of	ADP
fsr-3919	227	12	finance	finance	NOUN
fsr-3919	227	13	,	,	PUNCT
fsr-3919	227	14	32,847–859	32,847–859	PROPN
fsr-3919	227	15	.	.	PUNCT
fsr-3919	227	16	malkiel	malkiel	PROPN
fsr-3919	227	17	,	,	PUNCT
fsr-3919	227	18	b.	b.	PROPN
fsr-3919	227	19	(	(	PUNCT
fsr-3919	227	20	1995	1995	NUM
fsr-3919	227	21	)	)	PUNCT
fsr-3919	227	22	.	.	PUNCT
fsr-3919	228	1	the	the	DET
fsr-3919	228	2	structure	structure	NOUN
fsr-3919	228	3	of	of	ADP
fsr-3919	228	4	closed	close	VERB
fsr-3919	228	5	-	-	PUNCT
fsr-3919	228	6	end	end	NOUN
fsr-3919	228	7	fund	fund	NOUN
fsr-3919	228	8	discounts	discount	NOUN
fsr-3919	228	9	revisited.journal	revisited.journal	ADJ
fsr-3919	228	10	of	of	ADP
fsr-3919	228	11	portfolio	portfolio	NOUN
fsr-3919	228	12	management	management	NOUN
fsr-3919	228	13	,	,	PUNCT
fsr-3919	228	14	21	21	NUM
fsr-3919	228	15	,	,	PUNCT
fsr-3919	228	16	32–38	32–38	NUM
fsr-3919	228	17	.	.	PUNCT
fsr-3919	229	1	newey	newey	PROPN
fsr-3919	229	2	,	,	PUNCT
fsr-3919	229	3	w.	w.	PROPN
fsr-3919	229	4	,	,	PUNCT
fsr-3919	229	5	&	&	CCONJ
fsr-3919	229	6	west	west	PROPN
fsr-3919	229	7	,	,	PUNCT
fsr-3919	229	8	k.	k.	PROPN
fsr-3919	229	9	(	(	PUNCT
fsr-3919	229	10	1987	1987	NUM
fsr-3919	229	11	)	)	PUNCT
fsr-3919	229	12	.	.	PUNCT
fsr-3919	230	1	a	a	DET
fsr-3919	230	2	simple	simple	ADJ
fsr-3919	230	3	,	,	PUNCT
fsr-3919	230	4	positive	positive	ADJ
fsr-3919	230	5	semi	semi	ADJ
fsr-3919	230	6	-	-	ADJ
fsr-3919	230	7	definite	definite	ADJ
fsr-3919	230	8	heteroskedasticity	heteroskedasticity	NOUN
fsr-3919	230	9	and	and	CCONJ
fsr-3919	230	10	autocorrelation	autocorrelation	NOUN
fsr-3919	230	11	consistent	consistent	ADJ
fsr-3919	230	12	covariance	covariance	NOUN
fsr-3919	230	13	matrix.econometrica	matrix.econometrica	PROPN
fsr-3919	230	14	,	,	PUNCT
fsr-3919	230	15	55,703–708	55,703–708	NUM
fsr-3919	230	16	.	.	PUNCT
fsr-3919	230	17	pontiff	pontiff	NOUN
fsr-3919	230	18	,	,	PUNCT
fsr-3919	230	19	j.	j.	PROPN
fsr-3919	230	20	(	(	PUNCT
fsr-3919	230	21	1994	1994	NUM
fsr-3919	230	22	)	)	PUNCT
fsr-3919	230	23	.	.	PUNCT
fsr-3919	231	1	closed	close	VERB
fsr-3919	231	2	-	-	PUNCT
fsr-3919	231	3	end	end	NOUN
fsr-3919	231	4	fund	fund	NOUN
fsr-3919	231	5	premia	premia	NOUN
fsr-3919	231	6	and	and	CCONJ
fsr-3919	231	7	returns	return	NOUN
fsr-3919	231	8	:	:	PUNCT
fsr-3919	231	9	implications	implication	NOUN
fsr-3919	231	10	for	for	ADP
fsr-3919	231	11	financial	financial	ADJ
fsr-3919	231	12	market	market	NOUN
fsr-3919	231	13	equilibrium.journal	equilibrium.journal	ADJ
fsr-3919	231	14	of	of	ADP
fsr-3919	231	15	financial	financial	ADJ
fsr-3919	231	16	economics	economic	NOUN
fsr-3919	231	17	,	,	PUNCT
fsr-3919	231	18	37,341–370	37,341–370	NUM
fsr-3919	231	19	.	.	PUNCT
fsr-3919	232	1	zweig	zweig	NOUN
fsr-3919	232	2	,	,	PUNCT
fsr-3919	232	3	m.	m.	NOUN
fsr-3919	232	4	(	(	PUNCT
fsr-3919	232	5	1973	1973	NUM
fsr-3919	232	6	)	)	PUNCT
fsr-3919	232	7	.	.	PUNCT
fsr-3919	233	1	an	an	DET
fsr-3919	233	2	investor	investor	NOUN
fsr-3919	233	3	expectations	expectation	NOUN
fsr-3919	233	4	stock	stock	NOUN
fsr-3919	233	5	price	price	NOUN
fsr-3919	233	6	predictive	predictive	ADJ
fsr-3919	233	7	model	model	NOUN
fsr-3919	233	8	using	use	VERB
fsr-3919	233	9	closed	close	VERB
fsr-3919	233	10	-	-	PUNCT
fsr-3919	233	11	end	end	NOUN
fsr-3919	233	12	fund	fund	NOUN
fsr-3919	233	13	premiums	premium	NOUN
fsr-3919	233	14	.	.	PUNCT
fsr-3919	234	1	journal	journal	NOUN
fsr-3919	234	2	of	of	ADP
fsr-3919	234	3	finance	finance	NOUN
fsr-3919	234	4	,	,	PUNCT
fsr-3919	234	5	28,67–87	28,67–87	NOUN
fsr-3919	234	6	.	.	PUNCT
fsr-3919	235	1	181j.e	181j.e	NOUN
fsr-3919	235	2	.	.	PUNCT
fsr-3919	236	1	richard	richard	PROPN
fsr-3919	236	2	,	,	PUNCT
fsr-3919	236	3	j.b	j.b	PROPN
fsr-3919	236	4	.	.	PUNCT
fsr-3919	236	5	wiggins	wiggins	PROPN
fsr-3919	236	6	/	/	SYM
fsr-3919	236	7	financial	financial	ADJ
fsr-3919	236	8	services	service	NOUN
fsr-3919	236	9	review	review	VERB
fsr-3919	236	10	9	9	NUM
fsr-3919	236	11	(	(	PUNCT
fsr-3919	236	12	2000	2000	NUM
fsr-3919	236	13	)	)	PUNCT
fsr-3919	236	14	171–181	171–181	NUM