id	sid	tid	token	lemma	pos
fbem-12941	1	1	frontiers	frontier	NOUN
fbem-12941	1	2	in	in	ADP
fbem-12941	1	3	business	business	NOUN
fbem-12941	1	4	,	,	PUNCT
fbem-12941	1	5	economics	economic	NOUN
fbem-12941	1	6	and	and	CCONJ
fbem-12941	1	7	management	management	NOUN
fbem-12941	1	8	issn	issn	PROPN
fbem-12941	1	9	:	:	PUNCT
fbem-12941	1	10	2766	2766	NUM
fbem-12941	1	11	-	-	PUNCT
fbem-12941	1	12	824x	824x	NUM
fbem-12941	1	13	|	|	ADJ
fbem-12941	1	14	vol	vol	NOUN
fbem-12941	1	15	.	.	PUNCT
fbem-12941	2	1	11	11	NUM
fbem-12941	2	2	,	,	PUNCT
fbem-12941	2	3	no	no	INTJ
fbem-12941	2	4	.	.	NOUN
fbem-12941	2	5	3	3	NUM
fbem-12941	2	6	,	,	PUNCT
fbem-12941	2	7	2023	2023	NUM
fbem-12941	2	8	21	21	NUM
fbem-12941	2	9	study	study	NOUN
fbem-12941	2	10	on	on	ADP
fbem-12941	2	11	portfolio	portfolio	NOUN
fbem-12941	2	12	strategy	strategy	NOUN
fbem-12941	2	13	of	of	ADP
fbem-12941	2	14	fof	fof	ADJ
fbem-12941	2	15	funds	fund	NOUN
fbem-12941	2	16	keting	kete	VERB
fbem-12941	2	17	du	du	PROPN
fbem-12941	2	18	school	school	NOUN
fbem-12941	2	19	of	of	ADP
fbem-12941	2	20	arts	art	NOUN
fbem-12941	2	21	and	and	CCONJ
fbem-12941	2	22	sciences	science	NOUN
fbem-12941	2	23	,	,	PUNCT
fbem-12941	2	24	rutgers	rutgers	PROPN
fbem-12941	2	25	university	university	PROPN
fbem-12941	2	26	,	,	PUNCT
fbem-12941	2	27	new	new	PROPN
fbem-12941	2	28	jersey	jersey	PROPN
fbem-12941	2	29	07103	07103	NUM
fbem-12941	2	30	,	,	PUNCT
fbem-12941	2	31	us	us	PROPN
fbem-12941	2	32	abstract	abstract	ADJ
fbem-12941	2	33	:	:	PUNCT
fbem-12941	2	34	fof	fof	ADJ
fbem-12941	2	35	,	,	PUNCT
fbem-12941	2	36	as	as	ADP
fbem-12941	2	37	an	an	DET
fbem-12941	2	38	emerging	emerge	VERB
fbem-12941	2	39	financial	financial	ADJ
fbem-12941	2	40	model	model	NOUN
fbem-12941	2	41	,	,	PUNCT
fbem-12941	2	42	diversifies	diversifie	NOUN
fbem-12941	2	43	fund	fund	NOUN
fbem-12941	2	44	products	product	NOUN
fbem-12941	2	45	and	and	CCONJ
fbem-12941	2	46	gives	give	VERB
fbem-12941	2	47	investors	investor	NOUN
fbem-12941	2	48	a	a	DET
fbem-12941	2	49	new	new	ADJ
fbem-12941	2	50	investment	investment	NOUN
fbem-12941	2	51	experience	experience	NOUN
fbem-12941	2	52	.	.	PUNCT
fbem-12941	3	1	this	this	DET
fbem-12941	3	2	paper	paper	NOUN
fbem-12941	3	3	analyzes	analyze	VERB
fbem-12941	3	4	the	the	DET
fbem-12941	3	5	following	follow	VERB
fbem-12941	3	6	aspects	aspect	NOUN
fbem-12941	3	7	:	:	PUNCT
fbem-12941	3	8	firstly	firstly	ADV
fbem-12941	3	9	,	,	PUNCT
fbem-12941	3	10	it	it	PRON
fbem-12941	3	11	gives	give	VERB
fbem-12941	3	12	an	an	DET
fbem-12941	3	13	overview	overview	NOUN
fbem-12941	3	14	of	of	ADP
fbem-12941	3	15	the	the	DET
fbem-12941	3	16	investment	investment	NOUN
fbem-12941	3	17	status	status	NOUN
fbem-12941	3	18	of	of	ADP
fbem-12941	3	19	fof	fof	ADJ
fbem-12941	3	20	funds	fund	NOUN
fbem-12941	3	21	at	at	ADP
fbem-12941	3	22	domestic	domestic	ADJ
fbem-12941	3	23	and	and	CCONJ
fbem-12941	3	24	overseas	overseas	ADV
fbem-12941	3	25	;	;	PUNCT
fbem-12941	3	26	secondly	secondly	ADV
fbem-12941	3	27	,	,	PUNCT
fbem-12941	3	28	it	it	PRON
fbem-12941	3	29	introduces	introduce	VERB
fbem-12941	3	30	the	the	DET
fbem-12941	3	31	development	development	NOUN
fbem-12941	3	32	history	history	NOUN
fbem-12941	3	33	and	and	CCONJ
fbem-12941	3	34	status	status	NOUN
fbem-12941	3	35	of	of	ADP
fbem-12941	3	36	domestic	domestic	ADJ
fbem-12941	3	37	fof	fof	ADJ
fbem-12941	3	38	funds	fund	NOUN
fbem-12941	3	39	;	;	PUNCT
fbem-12941	3	40	then	then	ADV
fbem-12941	3	41	,	,	PUNCT
fbem-12941	3	42	it	it	PRON
fbem-12941	3	43	elaborates	elaborate	VERB
fbem-12941	3	44	on	on	ADP
fbem-12941	3	45	the	the	DET
fbem-12941	3	46	characteristics	characteristic	NOUN
fbem-12941	3	47	and	and	CCONJ
fbem-12941	3	48	mode	mode	NOUN
fbem-12941	3	49	of	of	ADP
fbem-12941	3	50	operation	operation	NOUN
fbem-12941	3	51	for	for	ADP
fbem-12941	3	52	fof	fof	ADJ
fbem-12941	3	53	funds	fund	NOUN
fbem-12941	3	54	;	;	PUNCT
fbem-12941	3	55	finally	finally	ADV
fbem-12941	3	56	,	,	PUNCT
fbem-12941	3	57	it	it	PRON
fbem-12941	3	58	puts	put	VERB
fbem-12941	3	59	forward	forward	ADV
fbem-12941	3	60	the	the	DET
fbem-12941	3	61	management	management	NOUN
fbem-12941	3	62	principles	principle	NOUN
fbem-12941	3	63	of	of	ADP
fbem-12941	3	64	fof	fof	ADJ
fbem-12941	3	65	funds	fund	NOUN
fbem-12941	3	66	and	and	CCONJ
fbem-12941	3	67	analyzes	analyze	VERB
fbem-12941	3	68	the	the	DET
fbem-12941	3	69	advantages	advantage	NOUN
fbem-12941	3	70	and	and	CCONJ
fbem-12941	3	71	disadvantages	disadvantage	NOUN
fbem-12941	3	72	of	of	ADP
fbem-12941	3	73	fof	fof	ADJ
fbem-12941	3	74	funds	fund	NOUN
fbem-12941	3	75	with	with	ADP
fbem-12941	3	76	empirical	empirical	ADJ
fbem-12941	3	77	data	datum	NOUN
fbem-12941	3	78	.	.	PUNCT
fbem-12941	4	1	moreover	moreover	ADV
fbem-12941	4	2	,	,	PUNCT
fbem-12941	4	3	the	the	DET
fbem-12941	4	4	study	study	NOUN
fbem-12941	4	5	above	above	ADV
fbem-12941	4	6	shows	show	VERB
fbem-12941	4	7	that	that	SCONJ
fbem-12941	4	8	china	china	PROPN
fbem-12941	4	9	is	be	AUX
fbem-12941	4	10	still	still	ADV
fbem-12941	4	11	lagging	lag	VERB
fbem-12941	4	12	behind	behind	ADV
fbem-12941	4	13	in	in	ADP
fbem-12941	4	14	the	the	DET
fbem-12941	4	15	development	development	NOUN
fbem-12941	4	16	of	of	ADP
fbem-12941	4	17	fof	fof	ADJ
fbem-12941	4	18	funds	fund	NOUN
fbem-12941	4	19	.	.	PUNCT
fbem-12941	5	1	however	however	ADV
fbem-12941	5	2	,	,	PUNCT
fbem-12941	5	3	with	with	ADP
fbem-12941	5	4	the	the	DET
fbem-12941	5	5	continuous	continuous	ADJ
fbem-12941	5	6	opening	opening	NOUN
fbem-12941	5	7	of	of	ADP
fbem-12941	5	8	the	the	DET
fbem-12941	5	9	financial	financial	ADJ
fbem-12941	5	10	market	market	NOUN
fbem-12941	5	11	,	,	PUNCT
fbem-12941	5	12	more	more	ADJ
fbem-12941	5	13	and	and	CCONJ
fbem-12941	5	14	more	more	ADJ
fbem-12941	5	15	foreign	foreign	ADJ
fbem-12941	5	16	investors	investor	NOUN
fbem-12941	5	17	are	be	AUX
fbem-12941	5	18	entering	enter	VERB
fbem-12941	5	19	our	our	PRON
fbem-12941	5	20	market	market	NOUN
fbem-12941	5	21	.	.	PUNCT
fbem-12941	6	1	therefore	therefore	ADV
fbem-12941	6	2	,	,	PUNCT
fbem-12941	6	3	it	it	PRON
fbem-12941	6	4	is	be	AUX
fbem-12941	6	5	necessary	necessary	ADJ
fbem-12941	6	6	to	to	PART
fbem-12941	6	7	strengthen	strengthen	VERB
fbem-12941	6	8	the	the	DET
fbem-12941	6	9	understanding	understanding	NOUN
fbem-12941	6	10	of	of	ADP
fbem-12941	6	11	fof	fof	ADJ
fbem-12941	6	12	funds	fund	NOUN
fbem-12941	6	13	,	,	PUNCT
fbem-12941	6	14	actively	actively	ADV
fbem-12941	6	15	explore	explore	VERB
fbem-12941	6	16	new	new	ADJ
fbem-12941	6	17	investment	investment	NOUN
fbem-12941	6	18	models	model	NOUN
fbem-12941	6	19	and	and	CCONJ
fbem-12941	6	20	improve	improve	VERB
fbem-12941	6	21	our	our	PRON
fbem-12941	6	22	own	own	ADJ
fbem-12941	6	23	investment	investment	NOUN
fbem-12941	6	24	level	level	NOUN
fbem-12941	6	25	.	.	PUNCT
fbem-12941	7	1	keywords	keyword	NOUN
fbem-12941	7	2	:	:	PUNCT
fbem-12941	7	3	fof	fof	ADJ
fbem-12941	7	4	;	;	PUNCT
fbem-12941	7	5	portfolio	portfolio	NOUN
fbem-12941	7	6	;	;	PUNCT
fbem-12941	7	7	strategy	strategy	NOUN
fbem-12941	7	8	research	research	NOUN
fbem-12941	7	9	.	.	PUNCT
fbem-12941	8	1	1	1	X
fbem-12941	8	2	.	.	X
fbem-12941	8	3	introduction	introduction	NOUN
fbem-12941	8	4	china	china	PROPN
fbem-12941	8	5	's	's	PART
fbem-12941	8	6	financial	financial	ADJ
fbem-12941	8	7	markets	market	NOUN
fbem-12941	8	8	have	have	AUX
fbem-12941	8	9	changed	change	VERB
fbem-12941	8	10	dramatically	dramatically	ADV
fbem-12941	8	11	in	in	ADP
fbem-12941	8	12	recent	recent	ADJ
fbem-12941	8	13	years	year	NOUN
fbem-12941	8	14	,	,	PUNCT
fbem-12941	8	15	with	with	ADP
fbem-12941	8	16	a	a	DET
fbem-12941	8	17	dramatic	dramatic	ADJ
fbem-12941	8	18	increase	increase	NOUN
fbem-12941	8	19	in	in	ADP
fbem-12941	8	20	the	the	DET
fbem-12941	8	21	number	number	NOUN
fbem-12941	8	22	of	of	ADP
fbem-12941	8	23	institutional	institutional	ADJ
fbem-12941	8	24	investors	investor	NOUN
fbem-12941	8	25	,	,	PUNCT
fbem-12941	8	26	resulting	result	VERB
fbem-12941	8	27	in	in	ADP
fbem-12941	8	28	a	a	DET
fbem-12941	8	29	continued	continue	VERB
fbem-12941	8	30	improvement	improvement	NOUN
fbem-12941	8	31	in	in	ADP
fbem-12941	8	32	the	the	DET
fbem-12941	8	33	efficiency	efficiency	NOUN
fbem-12941	8	34	of	of	ADP
fbem-12941	8	35	china	china	PROPN
fbem-12941	8	36	's	's	PART
fbem-12941	8	37	financial	financial	ADJ
fbem-12941	8	38	markets	market	NOUN
fbem-12941	8	39	.	.	PUNCT
fbem-12941	9	1	however	however	ADV
fbem-12941	9	2	,	,	PUNCT
fbem-12941	9	3	this	this	PRON
fbem-12941	9	4	has	have	AUX
fbem-12941	9	5	also	also	ADV
fbem-12941	9	6	led	lead	VERB
fbem-12941	9	7	to	to	ADP
fbem-12941	9	8	an	an	DET
fbem-12941	9	9	increasing	increase	VERB
fbem-12941	9	10	reduction	reduction	NOUN
fbem-12941	9	11	of	of	ADP
fbem-12941	9	12	arbitrage	arbitrage	NOUN
fbem-12941	9	13	space	space	NOUN
fbem-12941	9	14	for	for	ADP
fbem-12941	9	15	various	various	ADJ
fbem-12941	9	16	assets	asset	NOUN
fbem-12941	9	17	.	.	PUNCT
fbem-12941	10	1	with	with	ADP
fbem-12941	10	2	the	the	DET
fbem-12941	10	3	improvements	improvement	NOUN
fbem-12941	10	4	in	in	ADP
fbem-12941	10	5	market	market	NOUN
fbem-12941	10	6	efficiency	efficiency	NOUN
fbem-12941	10	7	and	and	CCONJ
fbem-12941	10	8	the	the	DET
fbem-12941	10	9	extensive	extensive	ADJ
fbem-12941	10	10	participation	participation	NOUN
fbem-12941	10	11	of	of	ADP
fbem-12941	10	12	countless	countless	ADJ
fbem-12941	10	13	experts	expert	NOUN
fbem-12941	10	14	and	and	CCONJ
fbem-12941	10	15	academics	academic	NOUN
fbem-12941	10	16	,	,	PUNCT
fbem-12941	10	17	it	it	PRON
fbem-12941	10	18	is	be	AUX
fbem-12941	10	19	difficult	difficult	ADJ
fbem-12941	10	20	for	for	SCONJ
fbem-12941	10	21	investment	investment	NOUN
fbem-12941	10	22	institutions	institution	NOUN
fbem-12941	10	23	to	to	PART
fbem-12941	10	24	capture	capture	VERB
fbem-12941	10	25	excess	excess	ADJ
fbem-12941	10	26	returns	return	NOUN
fbem-12941	10	27	on	on	ADP
fbem-12941	10	28	a	a	DET
fbem-12941	10	29	single	single	ADJ
fbem-12941	10	30	stock	stock	NOUN
fbem-12941	10	31	or	or	CCONJ
fbem-12941	10	32	bond	bond	NOUN
fbem-12941	10	33	alone	alone	ADV
fbem-12941	10	34	.	.	PUNCT
fbem-12941	11	1	moreover	moreover	ADV
fbem-12941	11	2	,	,	PUNCT
fbem-12941	11	3	this	this	DET
fbem-12941	11	4	situation	situation	NOUN
fbem-12941	11	5	will	will	AUX
fbem-12941	11	6	also	also	ADV
fbem-12941	11	7	persist	persist	VERB
fbem-12941	11	8	due	due	ADP
fbem-12941	11	9	to	to	ADP
fbem-12941	11	10	the	the	DET
fbem-12941	11	11	numerous	numerous	ADJ
fbem-12941	11	12	factors	factor	NOUN
fbem-12941	11	13	affecting	affect	VERB
fbem-12941	11	14	the	the	DET
fbem-12941	11	15	securities	security	NOUN
fbem-12941	11	16	market	market	NOUN
fbem-12941	11	17	and	and	CCONJ
fbem-12941	11	18	the	the	DET
fbem-12941	11	19	possibility	possibility	NOUN
fbem-12941	11	20	of	of	ADP
fbem-12941	11	21	unexpected	unexpected	ADJ
fbem-12941	11	22	situations	situation	NOUN
fbem-12941	11	23	occurring	occur	VERB
fbem-12941	11	24	at	at	ADP
fbem-12941	11	25	any	any	DET
fbem-12941	11	26	given	give	VERB
fbem-12941	11	27	time	time	NOUN
fbem-12941	11	28	.	.	PUNCT
fbem-12941	12	1	the	the	DET
fbem-12941	12	2	instability	instability	NOUN
fbem-12941	12	3	of	of	ADP
fbem-12941	12	4	long	long	ADJ
fbem-12941	12	5	-	-	PUNCT
fbem-12941	12	6	term	term	NOUN
fbem-12941	12	7	market	market	NOUN
fbem-12941	12	8	changes	change	NOUN
fbem-12941	12	9	makes	make	VERB
fbem-12941	12	10	it	it	PRON
fbem-12941	12	11	impossible	impossible	ADJ
fbem-12941	12	12	for	for	SCONJ
fbem-12941	12	13	investors	investor	NOUN
fbem-12941	12	14	to	to	PART
fbem-12941	12	15	make	make	VERB
fbem-12941	12	16	precise	precise	ADJ
fbem-12941	12	17	investment	investment	NOUN
fbem-12941	12	18	decisions	decision	NOUN
fbem-12941	12	19	.	.	PUNCT
fbem-12941	13	1	therefore	therefore	ADV
fbem-12941	13	2	,	,	PUNCT
fbem-12941	13	3	the	the	DET
fbem-12941	13	4	development	development	NOUN
fbem-12941	13	5	of	of	ADP
fbem-12941	13	6	asset	asset	NOUN
fbem-12941	13	7	allocation	allocation	NOUN
fbem-12941	13	8	techniques	technique	NOUN
fbem-12941	13	9	and	and	CCONJ
fbem-12941	13	10	strategies	strategy	NOUN
fbem-12941	13	11	by	by	ADP
fbem-12941	13	12	fund	fund	NOUN
fbem-12941	13	13	management	management	NOUN
fbem-12941	13	14	companies	company	NOUN
fbem-12941	13	15	will	will	AUX
fbem-12941	13	16	be	be	AUX
fbem-12941	13	17	a	a	DET
fbem-12941	13	18	pivotal	pivotal	ADJ
fbem-12941	13	19	factor	factor	NOUN
fbem-12941	13	20	in	in	ADP
fbem-12941	13	21	future	future	ADJ
fbem-12941	13	22	investment	investment	NOUN
fbem-12941	13	23	returns	return	NOUN
fbem-12941	13	24	,	,	PUNCT
fbem-12941	13	25	where	where	SCONJ
fbem-12941	13	26	specialized	specialized	ADJ
fbem-12941	13	27	funds	fund	NOUN
fbem-12941	13	28	such	such	ADJ
fbem-12941	13	29	as	as	ADP
fbem-12941	13	30	fofs	fof	NOUN
fbem-12941	13	31	can	can	AUX
fbem-12941	13	32	drive	drive	VERB
fbem-12941	13	33	the	the	DET
fbem-12941	13	34	development	development	NOUN
fbem-12941	13	35	of	of	ADP
fbem-12941	13	36	asset	asset	NOUN
fbem-12941	13	37	management	management	NOUN
fbem-12941	13	38	.	.	PUNCT
fbem-12941	14	1	2	2	X
fbem-12941	14	2	.	.	X
fbem-12941	14	3	overview	overview	NOUN
fbem-12941	14	4	of	of	ADP
fbem-12941	14	5	fof	fof	ADJ
fbem-12941	14	6	fund	fund	NOUN
fbem-12941	14	7	portfolios	portfolio	NOUN
fbem-12941	14	8	2.1	2.1	NUM
fbem-12941	14	9	.	.	PUNCT
fbem-12941	15	1	concept	concept	NOUN
fbem-12941	15	2	of	of	ADP
fbem-12941	15	3	fof	fof	ADJ
fbem-12941	15	4	funds	fund	NOUN
fbem-12941	15	5	fof	fof	PROPN
fbem-12941	15	6	funds	fund	NOUN
fbem-12941	15	7	are	be	AUX
fbem-12941	15	8	an	an	DET
fbem-12941	15	9	investment	investment	NOUN
fbem-12941	15	10	strategy	strategy	NOUN
fbem-12941	15	11	that	that	PRON
fbem-12941	15	12	invests	invest	VERB
fbem-12941	15	13	in	in	ADP
fbem-12941	15	14	other	other	ADJ
fbem-12941	15	15	funds	fund	NOUN
fbem-12941	15	16	,	,	PUNCT
fbem-12941	15	17	which	which	PRON
fbem-12941	15	18	is	be	AUX
fbem-12941	15	19	not	not	PART
fbem-12941	15	20	only	only	ADV
fbem-12941	15	21	limited	limit	VERB
fbem-12941	15	22	to	to	ADP
fbem-12941	15	23	80	80	NUM
fbem-12941	15	24	%	%	NOUN
fbem-12941	15	25	of	of	ADP
fbem-12941	15	26	the	the	DET
fbem-12941	15	27	fund	fund	NOUN
fbem-12941	15	28	's	's	PART
fbem-12941	15	29	total	total	ADJ
fbem-12941	15	30	assets	asset	NOUN
fbem-12941	15	31	but	but	CCONJ
fbem-12941	15	32	also	also	ADV
fbem-12941	15	33	includes	include	VERB
fbem-12941	15	34	purchasing	purchase	VERB
fbem-12941	15	35	funds	fund	NOUN
fbem-12941	15	36	with	with	ADP
fbem-12941	15	37	derivative	derivative	ADJ
fbem-12941	15	38	nature	nature	NOUN
fbem-12941	15	39	and	and	CCONJ
fbem-12941	15	40	holding	hold	VERB
fbem-12941	15	41	other	other	ADJ
fbem-12941	15	42	fof	fof	NOUN
fbem-12941	15	43	funds.[1	funds.[1	NUM
fbem-12941	15	44	]	]	PUNCT
fbem-12941	15	45	in	in	ADP
fbem-12941	15	46	china	china	PROPN
fbem-12941	15	47	,	,	PUNCT
fbem-12941	15	48	the	the	DET
fbem-12941	15	49	securities	security	NOUN
fbem-12941	15	50	regulatory	regulatory	ADJ
fbem-12941	15	51	commission	commission	NOUN
fbem-12941	15	52	requires	require	VERB
fbem-12941	15	53	fof	fof	ADJ
fbem-12941	15	54	funds	fund	NOUN
fbem-12941	15	55	to	to	PART
fbem-12941	15	56	adhere	adhere	VERB
fbem-12941	15	57	to	to	ADP
fbem-12941	15	58	investment	investment	NOUN
fbem-12941	15	59	restrictions	restriction	NOUN
fbem-12941	15	60	to	to	PART
fbem-12941	15	61	protect	protect	VERB
fbem-12941	15	62	investors	investor	NOUN
fbem-12941	15	63	'	'	PART
fbem-12941	15	64	interests	interest	NOUN
fbem-12941	15	65	strictly	strictly	ADV
fbem-12941	15	66	.	.	PUNCT
fbem-12941	16	1	moreover	moreover	ADV
fbem-12941	16	2	,	,	PUNCT
fbem-12941	16	3	the	the	DET
fbem-12941	16	4	market	market	NOUN
fbem-12941	16	5	value	value	NOUN
fbem-12941	16	6	of	of	ADP
fbem-12941	16	7	a	a	DET
fbem-12941	16	8	fof	fof	ADJ
fbem-12941	16	9	fund	fund	NOUN
fbem-12941	16	10	's	's	PART
fbem-12941	16	11	holdings	holding	NOUN
fbem-12941	16	12	shall	shall	AUX
fbem-12941	16	13	not	not	PART
fbem-12941	16	14	exceed	exceed	VERB
fbem-12941	16	15	20	20	NUM
fbem-12941	16	16	%	%	NOUN
fbem-12941	16	17	of	of	ADP
fbem-12941	16	18	its	its	PRON
fbem-12941	16	19	total	total	ADJ
fbem-12941	16	20	assets	asset	NOUN
fbem-12941	16	21	to	to	PART
fbem-12941	16	22	ensure	ensure	VERB
fbem-12941	16	23	its	its	PRON
fbem-12941	16	24	long	long	ADJ
fbem-12941	16	25	-	-	PUNCT
fbem-12941	16	26	term	term	NOUN
fbem-12941	16	27	stable	stable	ADJ
fbem-12941	16	28	growth.[2	growth.[2	NOUN
fbem-12941	16	29	]	]	PUNCT
fbem-12941	16	30	2.2	2.2	NUM
fbem-12941	16	31	.	.	PUNCT
fbem-12941	17	1	characteristics	characteristic	NOUN
fbem-12941	17	2	of	of	ADP
fbem-12941	17	3	fof	fof	ADJ
fbem-12941	17	4	funds	fund	NOUN
fbem-12941	17	5	2.2.1	2.2.1	NUM
fbem-12941	17	6	.	.	PUNCT
fbem-12941	17	7	fof	fof	ADJ
fbem-12941	17	8	funds	fund	NOUN
fbem-12941	17	9	can	can	AUX
fbem-12941	17	10	risk	risk	VERB
fbem-12941	17	11	reduction	reduction	NOUN
fbem-12941	17	12	fof	fof	NOUN
fbem-12941	17	13	funds	fund	NOUN
fbem-12941	17	14	can	can	AUX
fbem-12941	17	15	effectively	effectively	ADV
fbem-12941	17	16	reduce	reduce	VERB
fbem-12941	17	17	unsystematic	unsystematic	ADJ
fbem-12941	17	18	risk	risk	NOUN
fbem-12941	17	19	by	by	ADP
fbem-12941	17	20	combining	combine	VERB
fbem-12941	17	21	multiple	multiple	ADJ
fbem-12941	17	22	assets	asset	NOUN
fbem-12941	17	23	together	together	ADV
fbem-12941	17	24	so	so	SCONJ
fbem-12941	17	25	that	that	SCONJ
fbem-12941	17	26	changes	change	NOUN
fbem-12941	17	27	in	in	ADP
fbem-12941	17	28	a	a	DET
fbem-12941	17	29	single	single	ADJ
fbem-12941	17	30	asset	asset	NOUN
fbem-12941	17	31	have	have	VERB
fbem-12941	17	32	minimal	minimal	ADJ
fbem-12941	17	33	impact	impact	NOUN
fbem-12941	17	34	on	on	ADP
fbem-12941	17	35	its	its	PRON
fbem-12941	17	36	net	net	ADJ
fbem-12941	17	37	worth	worth	NOUN
fbem-12941	17	38	,	,	PUNCT
fbem-12941	17	39	thus	thus	ADV
fbem-12941	17	40	making	make	VERB
fbem-12941	17	41	the	the	DET
fbem-12941	17	42	fund	fund	NOUN
fbem-12941	17	43	more	more	ADV
fbem-12941	17	44	steady	steady	ADJ
fbem-12941	17	45	.	.	PUNCT
fbem-12941	18	1	2.2.2	2.2.2	NUM
fbem-12941	18	2	.	.	X
fbem-12941	18	3	yield	yield	NOUN
fbem-12941	18	4	of	of	ADP
fbem-12941	18	5	fof	fof	NOUN
fbem-12941	18	6	may	may	AUX
fbem-12941	18	7	be	be	AUX
fbem-12941	18	8	low	low	ADJ
fbem-12941	18	9	fof	fof	ADJ
fbem-12941	18	10	funds	fund	NOUN
fbem-12941	18	11	can	can	AUX
fbem-12941	18	12	not	not	PART
fbem-12941	18	13	invest	invest	VERB
fbem-12941	18	14	all	all	PRON
fbem-12941	18	15	of	of	ADP
fbem-12941	18	16	their	their	PRON
fbem-12941	18	17	capital	capital	NOUN
fbem-12941	18	18	in	in	ADP
fbem-12941	18	19	stocks	stock	NOUN
fbem-12941	18	20	and	and	CCONJ
fbem-12941	18	21	commodity	commodity	NOUN
fbem-12941	18	22	futures	future	NOUN
fbem-12941	18	23	and	and	CCONJ
fbem-12941	18	24	thus	thus	ADV
fbem-12941	18	25	can	can	AUX
fbem-12941	18	26	not	not	PART
fbem-12941	18	27	rely	rely	VERB
fbem-12941	18	28	on	on	ADP
fbem-12941	18	29	dramatic	dramatic	ADJ
fbem-12941	18	30	increases	increase	NOUN
fbem-12941	18	31	in	in	ADP
fbem-12941	18	32	a	a	DET
fbem-12941	18	33	single	single	ADJ
fbem-12941	18	34	security	security	NOUN
fbem-12941	18	35	to	to	PART
fbem-12941	18	36	achieve	achieve	VERB
fbem-12941	18	37	high	high	ADJ
fbem-12941	18	38	returns	return	NOUN
fbem-12941	18	39	.	.	PUNCT
fbem-12941	19	1	figure	figure	NOUN
fbem-12941	19	2	1	1	NUM
fbem-12941	19	3	.	.	PUNCT
fbem-12941	20	1	investment	investment	NOUN
fbem-12941	20	2	ways	way	NOUN
fbem-12941	20	3	of	of	ADP
fbem-12941	20	4	fof	fof	ADJ
fbem-12941	20	5	funds[3	funds[3	PROPN
fbem-12941	20	6	]	]	X
fbem-12941	20	7	2.2.3	2.2.3	NUM
fbem-12941	20	8	.	.	PUNCT
fbem-12941	20	9	fof	fof	ADJ
fbem-12941	20	10	funds	fund	NOUN
fbem-12941	20	11	are	be	AUX
fbem-12941	20	12	more	more	ADV
fbem-12941	20	13	suitable	suitable	ADJ
fbem-12941	20	14	for	for	ADP
fbem-12941	20	15	institutional	institutional	ADJ
fbem-12941	20	16	holdings	holding	NOUN
fbem-12941	20	17	since	since	SCONJ
fbem-12941	20	18	fof	fof	ADJ
fbem-12941	20	19	funds	fund	NOUN
fbem-12941	20	20	can	can	AUX
fbem-12941	20	21	control	control	VERB
fbem-12941	20	22	risk	risk	NOUN
fbem-12941	20	23	effectively	effectively	ADV
fbem-12941	20	24	while	while	SCONJ
fbem-12941	20	25	carrying	carry	VERB
fbem-12941	20	26	large	large	ADJ
fbem-12941	20	27	amounts	amount	NOUN
fbem-12941	20	28	of	of	ADP
fbem-12941	20	29	capital	capital	NOUN
fbem-12941	20	30	,	,	PUNCT
fbem-12941	20	31	it	it	PRON
fbem-12941	20	32	is	be	AUX
fbem-12941	20	33	suitable	suitable	ADJ
fbem-12941	20	34	for	for	ADP
fbem-12941	20	35	institutional	institutional	ADJ
fbem-12941	20	36	investors	investor	NOUN
fbem-12941	20	37	and	and	CCONJ
fbem-12941	20	38	high	high	ADJ
fbem-12941	20	39	-	-	PUNCT
fbem-12941	20	40	net	net	NOUN
fbem-12941	20	41	-	-	PUNCT
fbem-12941	20	42	worth	worth	NOUN
fbem-12941	20	43	individuals	individual	NOUN
fbem-12941	20	44	,	,	PUNCT
fbem-12941	20	45	especially	especially	ADV
fbem-12941	20	46	pensions	pension	NOUN
fbem-12941	20	47	,	,	PUNCT
fbem-12941	20	48	who	who	PRON
fbem-12941	20	49	desire	desire	VERB
fbem-12941	20	50	long	long	ADJ
fbem-12941	20	51	-	-	PUNCT
fbem-12941	20	52	term	term	NOUN
fbem-12941	20	53	steady	steady	ADJ
fbem-12941	20	54	returns	return	NOUN
fbem-12941	20	55	.	.	PUNCT
fbem-12941	21	1	however	however	ADV
fbem-12941	21	2	,	,	PUNCT
fbem-12941	21	3	for	for	ADP
fbem-12941	21	4	general	general	ADJ
fbem-12941	21	5	investors	investor	NOUN
fbem-12941	21	6	,	,	PUNCT
fbem-12941	21	7	the	the	DET
fbem-12941	21	8	high	high	ADJ
fbem-12941	21	9	risk	risk	NOUN
fbem-12941	21	10	-	-	PUNCT
fbem-12941	21	11	return	return	NOUN
fbem-12941	21	12	rate	rate	NOUN
fbem-12941	21	13	of	of	ADP
fbem-12941	21	14	fofs	fof	NOUN
fbem-12941	21	15	does	do	AUX
fbem-12941	21	16	not	not	PART
fbem-12941	21	17	make	make	VERB
fbem-12941	21	18	them	they	PRON
fbem-12941	21	19	feel	feel	VERB
fbem-12941	21	20	too	too	ADV
fbem-12941	21	21	tempted	tempt	VERB
fbem-12941	21	22	,	,	PUNCT
fbem-12941	21	23	which	which	PRON
fbem-12941	21	24	is	be	AUX
fbem-12941	21	25	why	why	SCONJ
fbem-12941	21	26	they	they	PRON
fbem-12941	21	27	prefer	prefer	VERB
fbem-12941	21	28	to	to	PART
fbem-12941	21	29	buy	buy	VERB
fbem-12941	21	30	money	money	NOUN
fbem-12941	21	31	funds	fund	NOUN
fbem-12941	21	32	,	,	PUNCT
fbem-12941	21	33	equity	equity	NOUN
fbem-12941	21	34	funds	fund	NOUN
fbem-12941	21	35	,	,	PUNCT
fbem-12941	21	36	or	or	CCONJ
fbem-12941	21	37	index	index	NOUN
fbem-12941	21	38	funds	fund	NOUN
fbem-12941	21	39	that	that	PRON
fbem-12941	21	40	have	have	VERB
fbem-12941	21	41	higher	high	ADJ
fbem-12941	21	42	returns	return	NOUN
fbem-12941	21	43	.	.	PUNCT
fbem-12941	22	1	2.3	2.3	NUM
fbem-12941	22	2	.	.	PUNCT
fbem-12941	23	1	classification	classification	NOUN
fbem-12941	23	2	of	of	ADP
fbem-12941	23	3	fof	fof	ADJ
fbem-12941	23	4	funds	fund	NOUN
fbem-12941	23	5	fof	fof	ADJ
fbem-12941	23	6	funds	fund	NOUN
fbem-12941	23	7	can	can	AUX
fbem-12941	23	8	be	be	AUX
fbem-12941	23	9	classified	classify	VERB
fbem-12941	23	10	into	into	ADP
fbem-12941	23	11	different	different	ADJ
fbem-12941	23	12	categories	category	NOUN
fbem-12941	23	13	depending	depend	VERB
fbem-12941	23	14	on	on	ADP
fbem-12941	23	15	the	the	DET
fbem-12941	23	16	type	type	NOUN
fbem-12941	23	17	of	of	ADP
fbem-12941	23	18	investment	investment	NOUN
fbem-12941	23	19	fund	fund	NOUN
fbem-12941	23	20	,	,	PUNCT
fbem-12941	23	21	its	its	PRON
fbem-12941	23	22	affiliation	affiliation	NOUN
fbem-12941	23	23	,	,	PUNCT
fbem-12941	23	24	allocation	allocation	NOUN
fbem-12941	23	25	strategy	strategy	NOUN
fbem-12941	23	26	,	,	PUNCT
fbem-12941	23	27	and	and	CCONJ
fbem-12941	23	28	other	other	ADJ
fbem-12941	23	29	factors	factor	NOUN
fbem-12941	23	30	,	,	PUNCT
fbem-12941	23	31	as	as	SCONJ
fbem-12941	23	32	shown	show	VERB
fbem-12941	23	33	in	in	ADP
fbem-12941	23	34	table	table	NOUN
fbem-12941	23	35	1	1	NUM
fbem-12941	23	36	.	.	X
fbem-12941	23	37	22	22	NUM
fbem-12941	23	38	table	table	NOUN
fbem-12941	23	39	1	1	NUM
fbem-12941	23	40	.	.	PUNCT
fbem-12941	23	41	classification	classification	NOUN
fbem-12941	23	42	of	of	ADP
fbem-12941	23	43	fof	fof	ADJ
fbem-12941	23	44	funds[4	funds[4	NOUN
fbem-12941	23	45	]	]	X
fbem-12941	23	46	classification	classification	NOUN
fbem-12941	23	47	standards	standard	NOUN
fbem-12941	23	48	post	post	ADJ
fbem-12941	23	49	-	-	ADJ
fbem-12941	23	50	category	category	ADJ
fbem-12941	23	51	name	name	NOUN
fbem-12941	23	52	meaning	mean	VERB
fbem-12941	23	53	sub	sub	ADJ
fbem-12941	23	54	-	-	ADJ
fbem-12941	23	55	fund	fund	ADJ
fbem-12941	23	56	types	type	NOUN
fbem-12941	23	57	equity	equity	NOUN
fbem-12941	23	58	fofs	fof	VERB
fbem-12941	23	59	sub	sub	NOUN
fbem-12941	23	60	-	-	NOUN
fbem-12941	23	61	funds	fund	NOUN
fbem-12941	23	62	investing	invest	VERB
fbem-12941	23	63	in	in	ADP
fbem-12941	23	64	purchased	purchase	VERB
fbem-12941	23	65	shares	share	NOUN
fbem-12941	23	66	fixed	fix	VERB
fbem-12941	23	67	income	income	NOUN
fbem-12941	23	68	fofs	fof	VERB
fbem-12941	23	69	sub	sub	NOUN
fbem-12941	23	70	-	-	NOUN
fbem-12941	23	71	funds	fund	NOUN
fbem-12941	23	72	investing	invest	VERB
fbem-12941	23	73	in	in	ADP
fbem-12941	23	74	purchased	purchase	VERB
fbem-12941	23	75	bonds	bond	NOUN
fbem-12941	23	76	alternative	alternative	ADV
fbem-12941	23	77	fofs	fof	VERB
fbem-12941	23	78	sub	sub	NOUN
fbem-12941	23	79	-	-	NOUN
fbem-12941	23	80	funds	fund	NOUN
fbem-12941	23	81	investing	invest	VERB
fbem-12941	23	82	in	in	ADP
fbem-12941	23	83	unlisted	unlisted	ADJ
fbem-12941	23	84	private	private	ADJ
fbem-12941	23	85	equity	equity	NOUN
fbem-12941	23	86	hybrid	hybrid	NOUN
fbem-12941	23	87	fofs	fof	NOUN
fbem-12941	23	88	sub	sub	NOUN
fbem-12941	23	89	-	-	NOUN
fbem-12941	23	90	funds	fund	NOUN
fbem-12941	23	91	investing	invest	VERB
fbem-12941	23	92	in	in	ADP
fbem-12941	23	93	various	various	ADJ
fbem-12941	23	94	categories	category	NOUN
fbem-12941	23	95	,	,	PUNCT
fbem-12941	23	96	regardless	regardless	ADV
fbem-12941	23	97	of	of	ADP
fbem-12941	23	98	the	the	DET
fbem-12941	23	99	asset	asset	NOUN
fbem-12941	23	100	class	class	NOUN
fbem-12941	23	101	sub	sub	ADJ
fbem-12941	23	102	-	-	ADJ
fbem-12941	23	103	fund	fund	ADJ
fbem-12941	23	104	strategy	strategy	NOUN
fbem-12941	23	105	actively	actively	ADV
fbem-12941	23	106	managed	manage	VERB
fbem-12941	23	107	invests	invest	NOUN
fbem-12941	23	108	primarily	primarily	ADV
fbem-12941	23	109	in	in	ADP
fbem-12941	23	110	sub	sub	NOUN
fbem-12941	23	111	-	-	NOUN
fbem-12941	23	112	funds	fund	NOUN
fbem-12941	23	113	that	that	PRON
fbem-12941	23	114	are	be	AUX
fbem-12941	23	115	actively	actively	ADV
fbem-12941	23	116	managed	manage	VERB
fbem-12941	23	117	passive	passive	ADJ
fbem-12941	23	118	managed	manage	VERB
fbem-12941	23	119	invests	invest	NOUN
fbem-12941	23	120	primarily	primarily	ADV
fbem-12941	23	121	in	in	ADP
fbem-12941	23	122	sub	sub	NOUN
fbem-12941	23	123	-	-	NOUN
fbem-12941	23	124	funds	fund	NOUN
fbem-12941	23	125	of	of	ADP
fbem-12941	23	126	instruments	instrument	NOUN
fbem-12941	23	127	such	such	ADJ
fbem-12941	23	128	as	as	ADP
fbem-12941	23	129	index	index	NOUN
fbem-12941	23	130	funds	fund	NOUN
fbem-12941	23	131	sub	sub	ADJ
fbem-12941	23	132	-	-	ADJ
fbem-12941	23	133	fund	fund	ADJ
fbem-12941	23	134	affiliation	affiliation	NOUN
fbem-12941	23	135	internal	internal	ADJ
fbem-12941	23	136	fofs	fof	NOUN
fbem-12941	23	137	invested	invest	VERB
fbem-12941	23	138	sub	sub	NOUN
fbem-12941	23	139	-	-	NOUN
fbem-12941	23	140	funds	fund	NOUN
fbem-12941	23	141	are	be	AUX
fbem-12941	23	142	all	all	DET
fbem-12941	23	143	company	company	NOUN
fbem-12941	23	144	-	-	PUNCT
fbem-12941	23	145	owned	own	VERB
fbem-12941	23	146	funds	fund	NOUN
fbem-12941	23	147	external	external	ADJ
fbem-12941	23	148	fofs	fof	NOUN
fbem-12941	23	149	invested	invest	VERB
fbem-12941	23	150	sub	sub	NOUN
fbem-12941	23	151	-	-	NOUN
fbem-12941	23	152	funds	fund	NOUN
fbem-12941	23	153	from	from	ADP
fbem-12941	23	154	other	other	ADJ
fbem-12941	23	155	companies	company	NOUN
fbem-12941	23	156	hybrid	hybrid	ADJ
fbem-12941	23	157	fofs	fof	NOUN
fbem-12941	23	158	invested	invest	VERB
fbem-12941	23	159	in	in	ADP
fbem-12941	23	160	sub	sub	NOUN
fbem-12941	23	161	-	-	NOUN
fbem-12941	23	162	funds	fund	NOUN
fbem-12941	23	163	from	from	ADP
fbem-12941	23	164	the	the	DET
fbem-12941	23	165	whole	whole	ADJ
fbem-12941	23	166	fund	fund	NOUN
fbem-12941	23	167	market	market	NOUN
fbem-12941	23	168	profit	profit	NOUN
fbem-12941	23	169	strategy	strategy	NOUN
fbem-12941	23	170	absolute	absolute	ADJ
fbem-12941	23	171	return	return	NOUN
fbem-12941	23	172	fofs	fof	NOUN
fbem-12941	23	173	adopt	adopt	VERB
fbem-12941	23	174	a	a	DET
fbem-12941	23	175	relatively	relatively	ADV
fbem-12941	23	176	flexible	flexible	ADJ
fbem-12941	23	177	broad	broad	ADJ
fbem-12941	23	178	asset	asset	NOUN
fbem-12941	23	179	class	class	NOUN
fbem-12941	23	180	allocation	allocation	NOUN
fbem-12941	23	181	,	,	PUNCT
fbem-12941	23	182	and	and	CCONJ
fbem-12941	23	183	select	select	ADJ
fbem-12941	23	184	funds	fund	NOUN
fbem-12941	23	185	seeking	seek	VERB
fbem-12941	23	186	positive	positive	ADJ
fbem-12941	23	187	returns	return	NOUN
fbem-12941	23	188	.	.	PUNCT
fbem-12941	24	1	relative	relative	ADJ
fbem-12941	24	2	return	return	NOUN
fbem-12941	24	3	fofs	fof	VERB
fbem-12941	24	4	select	select	ADJ
fbem-12941	24	5	funds	fund	NOUN
fbem-12941	24	6	with	with	ADP
fbem-12941	24	7	excellent	excellent	ADJ
fbem-12941	24	8	historical	historical	ADJ
fbem-12941	24	9	performance	performance	NOUN
fbem-12941	24	10	and	and	CCONJ
fbem-12941	24	11	strive	strive	VERB
fbem-12941	24	12	to	to	PART
fbem-12941	24	13	outperform	outperform	VERB
fbem-12941	24	14	the	the	DET
fbem-12941	24	15	average	average	ADJ
fbem-12941	24	16	market	market	NOUN
fbem-12941	24	17	return	return	NOUN
fbem-12941	24	18	.	.	PUNCT
fbem-12941	25	1	fixed	fix	VERB
fbem-12941	25	2	allocation	allocation	NOUN
fbem-12941	25	3	fofs	fof	NOUN
fbem-12941	25	4	adopt	adopt	VERB
fbem-12941	25	5	a	a	DET
fbem-12941	25	6	relatively	relatively	ADV
fbem-12941	25	7	fixed	fix	VERB
fbem-12941	25	8	asset	asset	NOUN
fbem-12941	25	9	allocation	allocation	NOUN
fbem-12941	25	10	.	.	PUNCT
fbem-12941	26	1	3	3	X
fbem-12941	26	2	.	.	X
fbem-12941	26	3	analysis	analysis	NOUN
fbem-12941	26	4	of	of	ADP
fbem-12941	26	5	the	the	DET
fbem-12941	26	6	advantages	advantage	NOUN
fbem-12941	26	7	and	and	CCONJ
fbem-12941	26	8	disadvantages	disadvantage	NOUN
fbem-12941	26	9	of	of	ADP
fbem-12941	26	10	fof	fof	ADJ
fbem-12941	26	11	funds	fund	NOUN
fbem-12941	26	12	3.1	3.1	NUM
fbem-12941	26	13	.	.	PUNCT
fbem-12941	26	14	advantages	advantage	NOUN
fbem-12941	26	15	of	of	ADP
fbem-12941	26	16	fof	fof	ADJ
fbem-12941	26	17	3.1.1	3.1.1	NUM
fbem-12941	26	18	.	.	PUNCT
fbem-12941	27	1	more	more	ADJ
fbem-12941	27	2	professional	professional	ADJ
fbem-12941	27	3	investment	investment	NOUN
fbem-12941	27	4	fof	fof	NOUN
fbem-12941	27	5	funds	fund	NOUN
fbem-12941	27	6	are	be	AUX
fbem-12941	27	7	a	a	DET
fbem-12941	27	8	way	way	NOUN
fbem-12941	27	9	for	for	SCONJ
fbem-12941	27	10	investors	investor	NOUN
fbem-12941	27	11	to	to	PART
fbem-12941	27	12	select	select	VERB
fbem-12941	27	13	the	the	DET
fbem-12941	27	14	best	good	ADJ
fbem-12941	27	15	portfolio	portfolio	NOUN
fbem-12941	27	16	for	for	ADP
fbem-12941	27	17	a	a	DET
fbem-12941	27	18	higher	high	ADJ
fbem-12941	27	19	risk	risk	NOUN
fbem-12941	27	20	-	-	PUNCT
fbem-12941	27	21	return	return	NOUN
fbem-12941	27	22	ratio	ratio	NOUN
fbem-12941	27	23	through	through	ADP
fbem-12941	27	24	various	various	ADJ
fbem-12941	27	25	methods	method	NOUN
fbem-12941	27	26	,	,	PUNCT
fbem-12941	27	27	such	such	ADJ
fbem-12941	27	28	as	as	ADP
fbem-12941	27	29	qualitative	qualitative	ADJ
fbem-12941	27	30	analysis	analysis	NOUN
fbem-12941	27	31	,	,	PUNCT
fbem-12941	27	32	quantitative	quantitative	ADJ
fbem-12941	27	33	analysis	analysis	NOUN
fbem-12941	27	34	,	,	PUNCT
fbem-12941	27	35	interviews	interview	NOUN
fbem-12941	27	36	,	,	PUNCT
fbem-12941	27	37	etc	etc	X
fbem-12941	27	38	.	.	X
fbem-12941	28	1	3.1.2	3.1.2	X
fbem-12941	28	2	.	.	PUNCT
fbem-12941	29	1	excellent	excellent	ADJ
fbem-12941	29	2	risk	risk	NOUN
fbem-12941	29	3	diversification	diversification	NOUN
fbem-12941	29	4	fof	fof	NOUN
fbem-12941	29	5	funds	fund	NOUN
fbem-12941	29	6	reduce	reduce	VERB
fbem-12941	29	7	investment	investment	NOUN
fbem-12941	29	8	risk	risk	NOUN
fbem-12941	29	9	by	by	ADP
fbem-12941	29	10	investing	invest	VERB
fbem-12941	29	11	in	in	ADP
fbem-12941	29	12	various	various	ADJ
fbem-12941	29	13	financial	financial	ADJ
fbem-12941	29	14	instruments	instrument	NOUN
fbem-12941	29	15	,	,	PUNCT
fbem-12941	29	16	such	such	ADJ
fbem-12941	29	17	as	as	ADP
fbem-12941	29	18	stocks	stock	NOUN
fbem-12941	29	19	,	,	PUNCT
fbem-12941	29	20	commodities	commodity	NOUN
fbem-12941	29	21	,	,	PUNCT
fbem-12941	29	22	bonds	bond	NOUN
fbem-12941	29	23	,	,	PUNCT
fbem-12941	29	24	and	and	CCONJ
fbem-12941	29	25	futures	future	NOUN
fbem-12941	29	26	.	.	PUNCT
fbem-12941	30	1	moreover	moreover	ADV
fbem-12941	30	2	,	,	PUNCT
fbem-12941	30	3	if	if	SCONJ
fbem-12941	30	4	the	the	DET
fbem-12941	30	5	market	market	NOUN
fbem-12941	30	6	experiences	experience	VERB
fbem-12941	30	7	significant	significant	ADJ
fbem-12941	30	8	economic	economic	ADJ
fbem-12941	30	9	fluctuations	fluctuation	NOUN
fbem-12941	30	10	,	,	PUNCT
fbem-12941	30	11	the	the	DET
fbem-12941	30	12	fof	fof	PROPN
fbem-12941	30	13	fund	fund	PROPN
fbem-12941	30	14	's	's	PART
fbem-12941	30	15	portfolio	portfolio	NOUN
fbem-12941	30	16	can	can	AUX
fbem-12941	30	17	remain	remain	VERB
fbem-12941	30	18	stable	stable	ADJ
fbem-12941	30	19	and	and	CCONJ
fbem-12941	30	20	avoid	avoid	VERB
fbem-12941	30	21	significant	significant	ADJ
fbem-12941	30	22	losses	loss	NOUN
fbem-12941	30	23	.	.	PUNCT
fbem-12941	31	1	3.1.3	3.1.3	NUM
fbem-12941	31	2	.	.	PUNCT
fbem-12941	32	1	more	more	ADV
fbem-12941	32	2	professional	professional	ADJ
fbem-12941	32	3	in	in	ADP
fbem-12941	32	4	asset	asset	NOUN
fbem-12941	32	5	allocation	allocation	NOUN
fbem-12941	32	6	fof	fof	NOUN
fbem-12941	32	7	funds	fund	NOUN
fbem-12941	32	8	have	have	VERB
fbem-12941	32	9	the	the	DET
fbem-12941	32	10	advantage	advantage	NOUN
fbem-12941	32	11	of	of	ADP
fbem-12941	32	12	having	have	VERB
fbem-12941	32	13	good	good	ADJ
fbem-12941	32	14	asset	asset	NOUN
fbem-12941	32	15	allocation	allocation	NOUN
fbem-12941	32	16	ability	ability	NOUN
fbem-12941	32	17	and	and	CCONJ
fbem-12941	32	18	coping	cope	VERB
fbem-12941	32	19	with	with	ADP
fbem-12941	32	20	the	the	DET
fbem-12941	32	21	complex	complex	ADJ
fbem-12941	32	22	and	and	CCONJ
fbem-12941	32	23	changing	change	VERB
fbem-12941	32	24	market	market	NOUN
fbem-12941	32	25	environment	environment	NOUN
fbem-12941	32	26	,	,	PUNCT
fbem-12941	32	27	thus	thus	ADV
fbem-12941	32	28	achieving	achieve	VERB
fbem-12941	32	29	higher	high	ADJ
fbem-12941	32	30	returns	return	NOUN
fbem-12941	32	31	.	.	PUNCT
fbem-12941	33	1	however	however	ADV
fbem-12941	33	2	,	,	PUNCT
fbem-12941	33	3	managers	manager	NOUN
fbem-12941	33	4	of	of	ADP
fbem-12941	33	5	equity	equity	NOUN
fbem-12941	33	6	funds	fund	NOUN
fbem-12941	33	7	and	and	CCONJ
fbem-12941	33	8	hybrid	hybrid	ADJ
fbem-12941	33	9	funds	fund	NOUN
fbem-12941	33	10	are	be	AUX
fbem-12941	33	11	often	often	ADV
fbem-12941	33	12	experts	expert	NOUN
fbem-12941	33	13	in	in	ADP
fbem-12941	33	14	the	the	DET
fbem-12941	33	15	financial	financial	ADJ
fbem-12941	33	16	industry	industry	NOUN
fbem-12941	33	17	,	,	PUNCT
fbem-12941	33	18	who	who	PRON
fbem-12941	33	19	often	often	ADV
fbem-12941	33	20	lack	lack	VERB
fbem-12941	33	21	knowledge	knowledge	NOUN
fbem-12941	33	22	of	of	ADP
fbem-12941	33	23	macroeconomic	macroeconomic	ADJ
fbem-12941	33	24	analysis	analysis	NOUN
fbem-12941	33	25	and	and	CCONJ
fbem-12941	33	26	in	in	ADP
fbem-12941	33	27	-	-	PUNCT
fbem-12941	33	28	depth	depth	NOUN
fbem-12941	33	29	macro	macro	ADJ
fbem-12941	33	30	-	-	ADJ
fbem-12941	33	31	strategic	strategic	ADJ
fbem-12941	33	32	analysis	analysis	NOUN
fbem-12941	33	33	,	,	PUNCT
fbem-12941	33	34	and	and	CCONJ
fbem-12941	33	35	it	it	PRON
fbem-12941	33	36	is	be	AUX
fbem-12941	33	37	difficult	difficult	ADJ
fbem-12941	33	38	to	to	PART
fbem-12941	33	39	obtain	obtain	VERB
fbem-12941	33	40	sustainable	sustainable	ADJ
fbem-12941	33	41	returns	return	NOUN
fbem-12941	33	42	just	just	ADV
fbem-12941	33	43	by	by	ADP
fbem-12941	33	44	relying	rely	VERB
fbem-12941	33	45	on	on	ADP
fbem-12941	33	46	market	market	NOUN
fbem-12941	33	47	gaming	gaming	NOUN
fbem-12941	33	48	.	.	PUNCT
fbem-12941	34	1	conversely	conversely	ADV
fbem-12941	34	2	,	,	PUNCT
fbem-12941	34	3	fof	fof	ADJ
fbem-12941	34	4	funds	fund	NOUN
fbem-12941	34	5	have	have	VERB
fbem-12941	34	6	the	the	DET
fbem-12941	34	7	unique	unique	ADJ
fbem-12941	34	8	advantage	advantage	NOUN
fbem-12941	34	9	of	of	ADP
fbem-12941	34	10	adjusting	adjust	VERB
fbem-12941	34	11	the	the	DET
fbem-12941	34	12	direction	direction	NOUN
fbem-12941	34	13	of	of	ADP
fbem-12941	34	14	capital	capital	NOUN
fbem-12941	34	15	flows	flow	NOUN
fbem-12941	34	16	according	accord	VERB
fbem-12941	34	17	to	to	ADP
fbem-12941	34	18	macroeconomic	macroeconomic	ADJ
fbem-12941	34	19	changes	change	NOUN
fbem-12941	34	20	,	,	PUNCT
fbem-12941	34	21	thus	thus	ADV
fbem-12941	34	22	achieving	achieve	VERB
fbem-12941	34	23	effective	effective	ADJ
fbem-12941	34	24	returns	return	NOUN
fbem-12941	34	25	.	.	PUNCT
fbem-12941	35	1	3.2	3.2	NUM
fbem-12941	35	2	.	.	PUNCT
fbem-12941	35	3	disadvantages	disadvantage	NOUN
fbem-12941	35	4	of	of	ADP
fbem-12941	35	5	fof	fof	ADJ
fbem-12941	35	6	3.2.1	3.2.1	NUM
fbem-12941	35	7	.	.	PUNCT
fbem-12941	35	8	limited	limited	ADJ
fbem-12941	35	9	disclosure	disclosure	NOUN
fbem-12941	35	10	of	of	ADP
fbem-12941	35	11	fund	fund	NOUN
fbem-12941	35	12	information	information	NOUN
fbem-12941	35	13	currently	currently	ADV
fbem-12941	35	14	,	,	PUNCT
fbem-12941	35	15	the	the	DET
fbem-12941	35	16	lack	lack	NOUN
fbem-12941	35	17	of	of	ADP
fbem-12941	35	18	adequate	adequate	ADJ
fbem-12941	35	19	information	information	NOUN
fbem-12941	35	20	disclosure	disclosure	NOUN
fbem-12941	35	21	makes	make	VERB
fbem-12941	35	22	it	it	PRON
fbem-12941	35	23	difficult	difficult	ADJ
fbem-12941	35	24	for	for	SCONJ
fbem-12941	35	25	fund	fund	NOUN
fbem-12941	35	26	researchers	researcher	NOUN
fbem-12941	35	27	to	to	PART
fbem-12941	35	28	obtain	obtain	VERB
fbem-12941	35	29	pivotal	pivotal	ADJ
fbem-12941	35	30	information	information	NOUN
fbem-12941	35	31	from	from	ADP
fbem-12941	35	32	public	public	ADJ
fbem-12941	35	33	sources	source	NOUN
fbem-12941	35	34	,	,	PUNCT
fbem-12941	35	35	which	which	PRON
fbem-12941	35	36	leads	lead	VERB
fbem-12941	35	37	to	to	ADP
fbem-12941	35	38	difficulties	difficulty	NOUN
fbem-12941	35	39	in	in	ADP
fbem-12941	35	40	maintaining	maintain	VERB
fbem-12941	35	41	fund	fund	NOUN
fbem-12941	35	42	pools	pool	NOUN
fbem-12941	35	43	and	and	CCONJ
fbem-12941	35	44	hinders	hinder	VERB
fbem-12941	35	45	fund	fund	NOUN
fbem-12941	35	46	research	research	NOUN
fbem-12941	35	47	and	and	CCONJ
fbem-12941	35	48	screening	screening	NOUN
fbem-12941	35	49	.	.	PUNCT
fbem-12941	36	1	in	in	ADP
fbem-12941	36	2	addition	addition	NOUN
fbem-12941	36	3	,	,	PUNCT
fbem-12941	36	4	investors	investor	NOUN
fbem-12941	36	5	also	also	ADV
fbem-12941	36	6	find	find	VERB
fbem-12941	36	7	it	it	PRON
fbem-12941	36	8	difficult	difficult	ADJ
fbem-12941	36	9	to	to	PART
fbem-12941	36	10	determine	determine	VERB
fbem-12941	36	11	the	the	DET
fbem-12941	36	12	best	good	ADJ
fbem-12941	36	13	investment	investment	NOUN
fbem-12941	36	14	strategy	strategy	NOUN
fbem-12941	36	15	based	base	VERB
fbem-12941	36	16	on	on	ADP
fbem-12941	36	17	the	the	DET
fbem-12941	36	18	announced	announce	VERB
fbem-12941	36	19	information	information	NOUN
fbem-12941	36	20	because	because	SCONJ
fbem-12941	36	21	of	of	ADP
fbem-12941	36	22	the	the	DET
fbem-12941	36	23	lag	lag	NOUN
fbem-12941	36	24	in	in	ADP
fbem-12941	36	25	information	information	NOUN
fbem-12941	36	26	disclosure	disclosure	NOUN
fbem-12941	36	27	,	,	PUNCT
fbem-12941	36	28	which	which	PRON
fbem-12941	36	29	does	do	AUX
fbem-12941	36	30	not	not	PART
fbem-12941	36	31	reflect	reflect	VERB
fbem-12941	36	32	the	the	DET
fbem-12941	36	33	fund	fund	NOUN
fbem-12941	36	34	's	's	PART
fbem-12941	36	35	position	position	NOUN
fbem-12941	36	36	in	in	ADP
fbem-12941	36	37	a	a	DET
fbem-12941	36	38	timely	timely	ADJ
fbem-12941	36	39	manner	manner	NOUN
fbem-12941	36	40	.	.	PUNCT
fbem-12941	37	1	3.2.2	3.2.2	NUM
fbem-12941	37	2	.	.	PUNCT
fbem-12941	37	3	unclear	unclear	ADJ
fbem-12941	37	4	benchmark	benchmark	NOUN
fbem-12941	37	5	for	for	ADP
fbem-12941	37	6	fof	fof	ADJ
fbem-12941	37	7	fund	fund	PROPN
fbem-12941	37	8	comparison	comparison	NOUN
fbem-12941	37	9	fof	fof	PROPN
fbem-12941	37	10	funds	fund	NOUN
fbem-12941	37	11	have	have	VERB
fbem-12941	37	12	distinctive	distinctive	ADJ
fbem-12941	37	13	performance	performance	NOUN
fbem-12941	37	14	benchmarks	benchmark	NOUN
fbem-12941	37	15	,	,	PUNCT
fbem-12941	37	16	varying	vary	VERB
fbem-12941	37	17	investment	investment	NOUN
fbem-12941	37	18	objectives	objective	NOUN
fbem-12941	37	19	,	,	PUNCT
fbem-12941	37	20	and	and	CCONJ
fbem-12941	37	21	short	short	ADJ
fbem-12941	37	22	investment	investment	NOUN
fbem-12941	37	23	horizons	horizon	NOUN
fbem-12941	37	24	and	and	CCONJ
fbem-12941	37	25	are	be	AUX
fbem-12941	37	26	rarely	rarely	ADV
fbem-12941	37	27	experienced	experience	VERB
fbem-12941	37	28	by	by	ADP
fbem-12941	37	29	the	the	DET
fbem-12941	37	30	market	market	NOUN
fbem-12941	37	31	,	,	PUNCT
fbem-12941	37	32	which	which	PRON
fbem-12941	37	33	makes	make	VERB
fbem-12941	37	34	their	their	PRON
fbem-12941	37	35	performance	performance	NOUN
fbem-12941	37	36	benchmarks	benchmark	NOUN
fbem-12941	37	37	difficult	difficult	ADJ
fbem-12941	37	38	to	to	PART
fbem-12941	37	39	predict	predict	VERB
fbem-12941	37	40	,	,	PUNCT
fbem-12941	37	41	thus	thus	ADV
fbem-12941	37	42	causing	cause	VERB
fbem-12941	37	43	their	their	PRON
fbem-12941	37	44	investors	investor	NOUN
fbem-12941	37	45	to	to	PART
fbem-12941	37	46	face	face	VERB
fbem-12941	37	47	significant	significant	ADJ
fbem-12941	37	48	challenges	challenge	NOUN
fbem-12941	37	49	when	when	SCONJ
fbem-12941	37	50	making	make	VERB
fbem-12941	37	51	investment	investment	NOUN
fbem-12941	37	52	decisions	decision	NOUN
fbem-12941	37	53	.	.	PUNCT
fbem-12941	38	1	3.2.3	3.2.3	X
fbem-12941	38	2	.	.	X
fbem-12941	38	3	double	double	ADJ
fbem-12941	38	4	charge	charge	NOUN
fbem-12941	38	5	with	with	ADP
fbem-12941	38	6	the	the	DET
fbem-12941	38	7	development	development	NOUN
fbem-12941	38	8	of	of	ADP
fbem-12941	38	9	the	the	DET
fbem-12941	38	10	financial	financial	ADJ
fbem-12941	38	11	market	market	NOUN
fbem-12941	38	12	,	,	PUNCT
fbem-12941	38	13	the	the	DET
fbem-12941	38	14	yield	yield	NOUN
fbem-12941	38	15	of	of	ADP
fbem-12941	38	16	fof	fof	ADJ
fbem-12941	38	17	funds	fund	NOUN
fbem-12941	38	18	has	have	AUX
fbem-12941	38	19	increased	increase	VERB
fbem-12941	38	20	significantly	significantly	ADV
fbem-12941	38	21	,	,	PUNCT
fbem-12941	38	22	and	and	CCONJ
fbem-12941	38	23	investors	investor	NOUN
fbem-12941	38	24	can	can	AUX
fbem-12941	38	25	benefit	benefit	VERB
fbem-12941	38	26	from	from	ADP
fbem-12941	38	27	it	it	PRON
fbem-12941	38	28	.	.	PUNCT
fbem-12941	39	1	moreover	moreover	ADV
fbem-12941	39	2	,	,	PUNCT
fbem-12941	39	3	compared	compare	VERB
fbem-12941	39	4	to	to	ADP
fbem-12941	39	5	before	before	ADV
fbem-12941	39	6	,	,	PUNCT
fbem-12941	39	7	investors	investor	NOUN
fbem-12941	39	8	do	do	AUX
fbem-12941	39	9	not	not	PART
fbem-12941	39	10	need	need	VERB
fbem-12941	39	11	to	to	PART
fbem-12941	39	12	pay	pay	VERB
fbem-12941	39	13	subscription	subscription	NOUN
fbem-12941	39	14	fees	fee	NOUN
fbem-12941	39	15	,	,	PUNCT
fbem-12941	39	16	management	management	NOUN
fbem-12941	39	17	fees	fee	NOUN
fbem-12941	39	18	,	,	PUNCT
fbem-12941	39	19	and	and	CCONJ
fbem-12941	39	20	custodian	custodian	ADJ
fbem-12941	39	21	fees	fee	NOUN
fbem-12941	39	22	whether	whether	SCONJ
fbem-12941	39	23	they	they	PRON
fbem-12941	39	24	buy	buy	VERB
fbem-12941	39	25	a	a	DET
fbem-12941	39	26	single	single	ADJ
fbem-12941	39	27	fund	fund	NOUN
fbem-12941	39	28	or	or	CCONJ
fbem-12941	39	29	a	a	DET
fbem-12941	39	30	fof	fof	ADJ
fbem-12941	39	31	fund	fund	NOUN
fbem-12941	39	32	,	,	PUNCT
fbem-12941	39	33	thus	thus	ADV
fbem-12941	39	34	making	make	VERB
fbem-12941	39	35	investors	investor	NOUN
fbem-12941	39	36	'	'	PART
fbem-12941	39	37	returns	return	NOUN
fbem-12941	39	38	effectively	effectively	ADV
fbem-12941	39	39	protected	protect	VERB
fbem-12941	39	40	.	.	PUNCT
fbem-12941	40	1	in	in	ADP
fbem-12941	40	2	addition	addition	NOUN
fbem-12941	40	3	,	,	PUNCT
fbem-12941	40	4	investors	investor	NOUN
fbem-12941	40	5	do	do	AUX
fbem-12941	40	6	not	not	PART
fbem-12941	40	7	have	have	VERB
fbem-12941	40	8	to	to	PART
fbem-12941	40	9	worry	worry	VERB
fbem-12941	40	10	about	about	ADP
fbem-12941	40	11	the	the	DET
fbem-12941	40	12	turnover	turnover	NOUN
fbem-12941	40	13	of	of	ADP
fbem-12941	40	14	the	the	DET
fbem-12941	40	15	management	management	NOUN
fbem-12941	40	16	team	team	NOUN
fbem-12941	40	17	,	,	PUNCT
fbem-12941	40	18	thus	thus	ADV
fbem-12941	40	19	avoiding	avoid	VERB
fbem-12941	40	20	a	a	DET
fbem-12941	40	21	significant	significant	ADJ
fbem-12941	40	22	loss	loss	NOUN
fbem-12941	40	23	of	of	ADP
fbem-12941	40	24	capital	capital	NOUN
fbem-12941	40	25	.	.	PUNCT
fbem-12941	41	1	3.2.4	3.2.4	NUM
fbem-12941	41	2	.	.	PUNCT
fbem-12941	41	3	other	other	ADJ
fbem-12941	41	4	issues	issue	NOUN
fbem-12941	41	5	the	the	DET
fbem-12941	41	6	fof	fof	PROPN
fbem-12941	41	7	funds	fund	NOUN
fbem-12941	41	8	usually	usually	ADV
fbem-12941	41	9	have	have	VERB
fbem-12941	41	10	a	a	DET
fbem-12941	41	11	very	very	ADV
fbem-12941	41	12	limited	limited	ADJ
fbem-12941	41	13	investment	investment	NOUN
fbem-12941	41	14	scale	scale	NOUN
fbem-12941	41	15	,	,	PUNCT
fbem-12941	41	16	which	which	PRON
fbem-12941	41	17	may	may	AUX
fbem-12941	41	18	lead	lead	VERB
fbem-12941	41	19	to	to	AUX
fbem-12941	41	20	control	control	VERB
fbem-12941	41	21	by	by	ADP
fbem-12941	41	22	the	the	DET
fbem-12941	41	23	mother	mother	NOUN
fbem-12941	41	24	fund	fund	PROPN
fbem-12941	41	25	,	,	PUNCT
fbem-12941	41	26	thus	thus	ADV
fbem-12941	41	27	causing	cause	VERB
fbem-12941	41	28	negative	negative	ADJ
fbem-12941	41	29	consequences	consequence	NOUN
fbem-12941	41	30	for	for	ADP
fbem-12941	41	31	the	the	DET
fbem-12941	41	32	sub	sub	ADJ
fbem-12941	41	33	-	-	ADJ
fbem-12941	41	34	fund	fund	ADJ
fbem-12941	41	35	investors	investor	NOUN
fbem-12941	41	36	.	.	PUNCT
fbem-12941	42	1	in	in	ADP
fbem-12941	42	2	addition	addition	NOUN
fbem-12941	42	3	,	,	PUNCT
fbem-12941	42	4	the	the	DET
fbem-12941	42	5	double	double	ADJ
fbem-12941	42	6	fees	fee	NOUN
fbem-12941	42	7	of	of	ADP
fbem-12941	42	8	fof	fof	ADJ
fbem-12941	42	9	funds	fund	NOUN
fbem-12941	42	10	and	and	CCONJ
fbem-12941	42	11	their	their	PRON
fbem-12941	42	12	market	market	NOUN
fbem-12941	42	13	share	share	NOUN
fbem-12941	42	14	make	make	VERB
fbem-12941	42	15	them	they	PRON
fbem-12941	42	16	more	more	ADV
fbem-12941	42	17	popular	popular	ADJ
fbem-12941	42	18	,	,	PUNCT
fbem-12941	42	19	bringing	bring	VERB
fbem-12941	42	20	more	more	ADJ
fbem-12941	42	21	opportunities	opportunity	NOUN
fbem-12941	42	22	and	and	CCONJ
fbem-12941	42	23	challenges	challenge	NOUN
fbem-12941	42	24	to	to	ADP
fbem-12941	42	25	small	small	ADJ
fbem-12941	42	26	and	and	CCONJ
fbem-12941	42	27	medium	medium	ADJ
fbem-12941	42	28	-	-	PUNCT
fbem-12941	42	29	sized	sized	ADJ
fbem-12941	42	30	funds	fund	NOUN
fbem-12941	42	31	.	.	PUNCT
fbem-12941	43	1	4	4	X
fbem-12941	43	2	.	.	X
fbem-12941	43	3	development	development	NOUN
fbem-12941	43	4	status	status	NOUN
fbem-12941	43	5	of	of	ADP
fbem-12941	43	6	fof	fof	ADJ
fbem-12941	43	7	funds	fund	NOUN
fbem-12941	43	8	4.1	4.1	NUM
fbem-12941	43	9	.	.	PUNCT
fbem-12941	44	1	development	development	NOUN
fbem-12941	44	2	of	of	ADP
fbem-12941	44	3	foreign	foreign	ADJ
fbem-12941	44	4	fof	fof	ADJ
fbem-12941	44	5	funds	fund	NOUN
fbem-12941	44	6	in	in	ADP
fbem-12941	44	7	1978	1978	NUM
fbem-12941	44	8	,	,	PUNCT
fbem-12941	44	9	the	the	DET
fbem-12941	44	10	u.s	u.s	PROPN
fbem-12941	44	11	.	.	PROPN
fbem-12941	44	12	launched	launch	VERB
fbem-12941	44	13	the	the	DET
fbem-12941	44	14	world	world	NOUN
fbem-12941	44	15	's	's	PART
fbem-12941	44	16	first	first	ADJ
fbem-12941	44	17	fof	fof	ADJ
fbem-12941	44	18	fund	fund	NOUN
fbem-12941	44	19	and	and	CCONJ
fbem-12941	44	20	has	have	AUX
fbem-12941	44	21	maintained	maintain	VERB
fbem-12941	44	22	a	a	DET
fbem-12941	44	23	leading	lead	VERB
fbem-12941	44	24	position	position	NOUN
fbem-12941	44	25	in	in	ADP
fbem-12941	44	26	the	the	DET
fbem-12941	44	27	decades	decade	NOUN
fbem-12941	44	28	since	since	ADV
fbem-12941	44	29	,	,	PUNCT
fbem-12941	44	30	continuously	continuously	ADV
fbem-12941	44	31	improving	improve	VERB
fbem-12941	44	32	and	and	CCONJ
fbem-12941	44	33	perfecting	perfect	VERB
fbem-12941	44	34	fund	fund	NOUN
fbem-12941	44	35	-	-	PUNCT
fbem-12941	44	36	related	relate	VERB
fbem-12941	44	37	laws	law	NOUN
fbem-12941	44	38	and	and	CCONJ
fbem-12941	44	39	attracting	attract	VERB
fbem-12941	44	40	investors	investor	NOUN
fbem-12941	44	41	from	from	ADP
fbem-12941	44	42	around	around	ADP
fbem-12941	44	43	the	the	DET
fbem-12941	44	44	world	world	NOUN
fbem-12941	44	45	,	,	PUNCT
fbem-12941	44	46	which	which	PRON
fbem-12941	44	47	has	have	AUX
fbem-12941	44	48	made	make	VERB
fbem-12941	44	49	the	the	DET
fbem-12941	44	50	u.s	u.s	PROPN
fbem-12941	44	51	.	.	PROPN
fbem-12941	44	52	the	the	DET
fbem-12941	44	53	leader	leader	NOUN
fbem-12941	44	54	of	of	ADP
fbem-12941	44	55	the	the	DET
fbem-12941	44	56	global	global	ADJ
fbem-12941	44	57	fof	fof	PROPN
fbem-12941	44	58	market	market	NOUN
fbem-12941	44	59	and	and	CCONJ
fbem-12941	44	60	has	have	AUX
fbem-12941	44	61	provided	provide	VERB
fbem-12941	44	62	an	an	DET
fbem-12941	44	63	important	important	ADJ
fbem-12941	44	64	reference	reference	NOUN
fbem-12941	44	65	for	for	ADP
fbem-12941	44	66	the	the	DET
fbem-12941	44	67	development	development	NOUN
fbem-12941	44	68	of	of	ADP
fbem-12941	44	69	china	china	PROPN
fbem-12941	44	70	's	's	PART
fbem-12941	44	71	fof	fof	ADJ
fbem-12941	44	72	market	market	NOUN
fbem-12941	44	73	.	.	PUNCT
fbem-12941	45	1	moreover	moreover	ADV
fbem-12941	45	2	,	,	PUNCT
fbem-12941	45	3	europe	europe	PROPN
fbem-12941	45	4	's	's	PART
fbem-12941	45	5	fof	fof	ADJ
fbem-12941	45	6	funds	fund	NOUN
fbem-12941	45	7	are	be	AUX
fbem-12941	45	8	developing	develop	VERB
fbem-12941	45	9	rapidly	rapidly	ADV
fbem-12941	45	10	,	,	PUNCT
fbem-12941	45	11	and	and	CCONJ
fbem-12941	45	12	institutional	institutional	ADJ
fbem-12941	45	13	and	and	CCONJ
fbem-12941	45	14	individual	individual	ADJ
fbem-12941	45	15	investors	investor	NOUN
fbem-12941	45	16	generally	generally	ADV
fbem-12941	45	17	welcome	welcome	VERB
fbem-12941	45	18	their	their	PRON
fbem-12941	45	19	public	public	ADJ
fbem-12941	45	20	fof	fof	ADJ
fbem-12941	45	21	products	product	NOUN
fbem-12941	45	22	.	.	PUNCT
fbem-12941	46	1	taiwan	taiwan	PROPN
fbem-12941	46	2	,	,	PUNCT
fbem-12941	46	3	japan	japan	PROPN
fbem-12941	46	4	,	,	PUNCT
fbem-12941	46	5	and	and	CCONJ
fbem-12941	46	6	south	south	PROPN
fbem-12941	46	7	korea	korea	PROPN
fbem-12941	46	8	have	have	VERB
fbem-12941	46	9	a	a	DET
fbem-12941	46	10	market	market	NOUN
fbem-12941	46	11	share	share	NOUN
fbem-12941	46	12	of	of	ADP
fbem-12941	46	13	over	over	ADP
fbem-12941	46	14	10	10	NUM
fbem-12941	46	15	%	%	NOUN
fbem-12941	46	16	for	for	ADP
fbem-12941	46	17	fof	fof	ADJ
fbem-12941	46	18	funds	fund	NOUN
fbem-12941	46	19	,	,	PUNCT
fbem-12941	46	20	which	which	PRON
fbem-12941	46	21	benefited	benefit	VERB
fbem-12941	46	22	from	from	ADP
fbem-12941	46	23	their	their	PRON
fbem-12941	46	24	refined	refined	ADJ
fbem-12941	46	25	management	management	NOUN
fbem-12941	46	26	in	in	ADP
fbem-12941	46	27	the	the	DET
fbem-12941	46	28	investment	investment	NOUN
fbem-12941	46	29	process	process	NOUN
fbem-12941	46	30	,	,	PUNCT
fbem-12941	46	31	thus	thus	ADV
fbem-12941	46	32	enabling	enable	VERB
fbem-12941	46	33	investors	investor	NOUN
fbem-12941	46	34	to	to	PART
fbem-12941	46	35	receive	receive	VERB
fbem-12941	46	36	consistent	consistent	ADJ
fbem-12941	46	37	,	,	PUNCT
fbem-12941	46	38	stable	stable	ADJ
fbem-12941	46	39	,	,	PUNCT
fbem-12941	46	40	and	and	CCONJ
fbem-12941	46	41	high	high	ADJ
fbem-12941	46	42	returns	return	NOUN
fbem-12941	46	43	.	.	PUNCT
fbem-12941	47	1	4.2	4.2	NUM
fbem-12941	47	2	.	.	PUNCT
fbem-12941	48	1	development	development	NOUN
fbem-12941	48	2	of	of	ADP
fbem-12941	48	3	china	china	PROPN
fbem-12941	48	4	's	's	PART
fbem-12941	48	5	fof	fof	ADJ
fbem-12941	48	6	funds	fund	NOUN
fbem-12941	48	7	wind	wind	NOUN
fbem-12941	48	8	data	datum	NOUN
fbem-12941	48	9	shows	show	VERB
fbem-12941	48	10	that	that	SCONJ
fbem-12941	48	11	by	by	ADP
fbem-12941	48	12	the	the	DET
fbem-12941	48	13	end	end	NOUN
fbem-12941	48	14	of	of	ADP
fbem-12941	48	15	january	january	PROPN
fbem-12941	48	16	2020	2020	NUM
fbem-12941	48	17	,	,	PUNCT
fbem-12941	48	18	a	a	DET
fbem-12941	48	19	total	total	NOUN
fbem-12941	48	20	of	of	ADP
fbem-12941	48	21	86	86	NUM
fbem-12941	48	22	global	global	ADJ
fbem-12941	48	23	fof	fof	NOUN
fbem-12941	48	24	funds	fund	NOUN
fbem-12941	48	25	have	have	AUX
fbem-12941	48	26	been	be	AUX
fbem-12941	48	27	issued	issue	VERB
fbem-12941	48	28	,	,	PUNCT
fbem-12941	48	29	of	of	ADP
fbem-12941	48	30	which	which	PRON
fbem-12941	48	31	69	69	NUM
fbem-12941	48	32	have	have	AUX
fbem-12941	48	33	been	be	AUX
fbem-12941	48	34	reviewed	review	VERB
fbem-12941	48	35	.	.	PUNCT
fbem-12941	49	1	in	in	ADP
fbem-12941	49	2	addition	addition	NOUN
fbem-12941	49	3	,	,	PUNCT
fbem-12941	49	4	in	in	ADP
fbem-12941	49	5	terms	term	NOUN
fbem-12941	49	6	of	of	ADP
fbem-12941	49	7	fund	fund	NOUN
fbem-12941	49	8	scale	scale	NOUN
fbem-12941	49	9	,	,	PUNCT
fbem-12941	49	10	the	the	DET
fbem-12941	49	11	total	total	ADJ
fbem-12941	49	12	amount	amount	NOUN
fbem-12941	49	13	of	of	ADP
fbem-12941	49	14	global	global	ADJ
fbem-12941	49	15	public	public	ADJ
fbem-12941	49	16	fof	fof	NOUN
fbem-12941	49	17	funds	fund	NOUN
fbem-12941	49	18	has	have	AUX
fbem-12941	49	19	reached	reach	VERB
fbem-12941	49	20	rmb	rmb	PROPN
fbem-12941	49	21	41.831	41.831	NUM
fbem-12941	49	22	billion	billion	NUM
fbem-12941	49	23	,	,	PUNCT
fbem-12941	49	24	of	of	ADP
fbem-12941	49	25	which	which	PRON
fbem-12941	49	26	the	the	DET
fbem-12941	49	27	total	total	ADJ
fbem-12941	49	28	amount	amount	NOUN
fbem-12941	49	29	of	of	ADP
fbem-12941	49	30	each	each	DET
fbem-12941	49	31	fund	fund	NOUN
fbem-12941	49	32	is	be	AUX
fbem-12941	49	33	rmb	rmb	VERB
fbem-12941	49	34	481	481	NUM
fbem-12941	49	35	million	million	NUM
fbem-12941	49	36	,	,	PUNCT
fbem-12941	49	37	while	while	SCONJ
fbem-12941	49	38	the	the	DET
fbem-12941	49	39	overall	overall	ADJ
fbem-12941	49	40	amount	amount	NOUN
fbem-12941	49	41	is	be	AUX
fbem-12941	49	42	rmb	rmb	PROPN
fbem-12941	49	43	249	249	NUM
fbem-12941	49	44	million	million	NUM
fbem-12941	49	45	.	.	PUNCT
fbem-12941	50	1	among	among	ADP
fbem-12941	50	2	these	these	DET
fbem-12941	50	3	funds	fund	NOUN
fbem-12941	50	4	,	,	PUNCT
fbem-12941	50	5	minsheng	minsheng	PROPN
fbem-12941	50	6	royal	royal	PROPN
fbem-12941	50	7	fund	fund	PROPN
fbem-12941	50	8	has	have	VERB
fbem-12941	50	9	the	the	DET
fbem-12941	50	10	largest	large	ADJ
fbem-12941	50	11	scale	scale	NOUN
fbem-12941	50	12	of	of	ADP
fbem-12941	50	13	rmb	rmb	NOUN
fbem-12941	50	14	23	23	NUM
fbem-12941	50	15	4.595	4.595	NUM
fbem-12941	50	16	billion	billion	NUM
fbem-12941	50	17	,	,	PUNCT
fbem-12941	50	18	while	while	SCONJ
fbem-12941	50	19	huaxia	huaxia	PROPN
fbem-12941	50	20	jufeng	jufeng	PROPN
fbem-12941	50	21	fund	fund	PROPN
fbem-12941	50	22	's	's	PART
fbem-12941	50	23	steady	steady	ADJ
fbem-12941	50	24	target	target	NOUN
fbem-12941	50	25	a	a	PRON
fbem-12941	50	26	has	have	VERB
fbem-12941	50	27	the	the	DET
fbem-12941	50	28	smallest	small	ADJ
fbem-12941	50	29	scale	scale	NOUN
fbem-12941	50	30	of	of	ADP
fbem-12941	50	31	rmb	rmb	NOUN
fbem-12941	50	32	0.01	0.01	NUM
fbem-12941	50	33	billion	billion	NUM
fbem-12941	50	34	,	,	PUNCT
fbem-12941	50	35	with	with	ADP
fbem-12941	50	36	a	a	DET
fbem-12941	50	37	variance	variance	NOUN
fbem-12941	50	38	of	of	ADP
fbem-12941	50	39	73.74	73.74	NUM
fbem-12941	50	40	.	.	PUNCT
fbem-12941	51	1	moreover	moreover	ADV
fbem-12941	51	2	,	,	PUNCT
fbem-12941	51	3	the	the	DET
fbem-12941	51	4	scale	scale	NOUN
fbem-12941	51	5	of	of	ADP
fbem-12941	51	6	these	these	DET
fbem-12941	51	7	funds	fund	NOUN
fbem-12941	51	8	is	be	AUX
fbem-12941	51	9	between	between	ADP
fbem-12941	51	10	0	0	NUM
fbem-12941	51	11	200	200	NUM
fbem-12941	51	12	million	million	NUM
fbem-12941	51	13	,	,	PUNCT
fbem-12941	51	14	which	which	PRON
fbem-12941	51	15	is	be	AUX
fbem-12941	51	16	significantly	significantly	ADV
fbem-12941	51	17	more	more	ADV
fbem-12941	51	18	compact	compact	ADJ
fbem-12941	51	19	than	than	ADP
fbem-12941	51	20	other	other	ADJ
fbem-12941	51	21	types	type	NOUN
fbem-12941	51	22	of	of	ADP
fbem-12941	51	23	funds	fund	NOUN
fbem-12941	51	24	,	,	PUNCT
fbem-12941	51	25	as	as	SCONJ
fbem-12941	51	26	shown	show	VERB
fbem-12941	51	27	in	in	ADP
fbem-12941	51	28	figure2.[5	figure2.[5	NOUN
fbem-12941	51	29	]	]	X
fbem-12941	51	30	figure	figure	NOUN
fbem-12941	51	31	2	2	NUM
fbem-12941	51	32	.	.	PUNCT
fbem-12941	51	33	domestic	domestic	ADJ
fbem-12941	51	34	fof	fof	NOUN
fbem-12941	51	35	fund	fund	NOUN
fbem-12941	51	36	scale	scale	NOUN
fbem-12941	51	37	distribution	distribution	NOUN
fbem-12941	51	38	(	(	PUNCT
fbem-12941	51	39	data	datum	NOUN
fbem-12941	51	40	sources	source	NOUN
fbem-12941	51	41	:	:	PUNCT
fbem-12941	51	42	wind	wind	NOUN
fbem-12941	51	43	)	)	PUNCT
fbem-12941	51	44	5	5	NUM
fbem-12941	51	45	.	.	X
fbem-12941	51	46	selection	selection	NOUN
fbem-12941	51	47	of	of	ADP
fbem-12941	51	48	portfolio	portfolio	NOUN
fbem-12941	51	49	strategies	strategy	NOUN
fbem-12941	51	50	for	for	ADP
fbem-12941	51	51	fof	fof	ADJ
fbem-12941	51	52	funds	fund	NOUN
fbem-12941	51	53	5.1	5.1	NUM
fbem-12941	51	54	.	.	PUNCT
fbem-12941	52	1	principles	principle	NOUN
fbem-12941	52	2	of	of	ADP
fbem-12941	52	3	selecting	select	VERB
fbem-12941	52	4	portfolio	portfolio	NOUN
fbem-12941	52	5	strategies	strategy	NOUN
fbem-12941	52	6	for	for	ADP
fbem-12941	52	7	fof	fof	ADJ
fbem-12941	52	8	funds	fund	NOUN
fbem-12941	52	9	when	when	SCONJ
fbem-12941	52	10	selecting	select	VERB
fbem-12941	52	11	a	a	DET
fbem-12941	52	12	portfolio	portfolio	NOUN
fbem-12941	52	13	strategy	strategy	NOUN
fbem-12941	52	14	for	for	ADP
fbem-12941	52	15	a	a	DET
fbem-12941	52	16	fof	fof	PROPN
fbem-12941	52	17	fund	fund	NOUN
fbem-12941	52	18	,	,	PUNCT
fbem-12941	52	19	certain	certain	ADJ
fbem-12941	52	20	principles	principle	NOUN
fbem-12941	52	21	need	need	VERB
fbem-12941	52	22	to	to	PART
fbem-12941	52	23	be	be	AUX
fbem-12941	52	24	followed	follow	VERB
fbem-12941	52	25	.	.	PUNCT
fbem-12941	53	1	firstly	firstly	ADV
fbem-12941	53	2	,	,	PUNCT
fbem-12941	53	3	it	it	PRON
fbem-12941	53	4	is	be	AUX
fbem-12941	53	5	important	important	ADJ
fbem-12941	53	6	to	to	PART
fbem-12941	53	7	consider	consider	VERB
fbem-12941	53	8	the	the	DET
fbem-12941	53	9	balance	balance	NOUN
fbem-12941	53	10	between	between	ADP
fbem-12941	53	11	risk	risk	NOUN
fbem-12941	53	12	and	and	CCONJ
fbem-12941	53	13	return	return	NOUN
fbem-12941	53	14	.	.	PUNCT
fbem-12941	54	1	the	the	DET
fbem-12941	54	2	portfolio	portfolio	NOUN
fbem-12941	54	3	of	of	ADP
fbem-12941	54	4	a	a	DET
fbem-12941	54	5	fof	fof	ADJ
fbem-12941	54	6	fund	fund	NOUN
fbem-12941	54	7	should	should	AUX
fbem-12941	54	8	have	have	VERB
fbem-12941	54	9	a	a	DET
fbem-12941	54	10	high	high	ADJ
fbem-12941	54	11	rate	rate	NOUN
fbem-12941	54	12	of	of	ADP
fbem-12941	54	13	return	return	NOUN
fbem-12941	54	14	,	,	PUNCT
fbem-12941	54	15	but	but	CCONJ
fbem-12941	54	16	at	at	ADP
fbem-12941	54	17	the	the	DET
fbem-12941	54	18	same	same	ADJ
fbem-12941	54	19	time	time	NOUN
fbem-12941	54	20	,	,	PUNCT
fbem-12941	54	21	it	it	PRON
fbem-12941	54	22	should	should	AUX
fbem-12941	54	23	not	not	PART
fbem-12941	54	24	be	be	AUX
fbem-12941	54	25	too	too	ADV
fbem-12941	54	26	risky	risky	ADJ
fbem-12941	54	27	,	,	PUNCT
fbem-12941	54	28	or	or	CCONJ
fbem-12941	54	29	it	it	PRON
fbem-12941	54	30	may	may	AUX
fbem-12941	54	31	lead	lead	VERB
fbem-12941	54	32	to	to	ADP
fbem-12941	54	33	losses	loss	NOUN
fbem-12941	54	34	.	.	PUNCT
fbem-12941	55	1	therefore	therefore	ADV
fbem-12941	55	2	,	,	PUNCT
fbem-12941	55	3	when	when	SCONJ
fbem-12941	55	4	selecting	select	VERB
fbem-12941	55	5	the	the	DET
fbem-12941	55	6	bid	bid	NOUN
fbem-12941	55	7	qualifications	qualification	NOUN
fbem-12941	55	8	,	,	PUNCT
fbem-12941	55	9	the	the	DET
fbem-12941	55	10	balance	balance	NOUN
fbem-12941	55	11	between	between	ADP
fbem-12941	55	12	its	its	PRON
fbem-12941	55	13	risk	risk	NOUN
fbem-12941	55	14	and	and	CCONJ
fbem-12941	55	15	return	return	VERB
fbem-12941	55	16	needs	need	NOUN
fbem-12941	55	17	to	to	PART
fbem-12941	55	18	be	be	AUX
fbem-12941	55	19	considered	consider	VERB
fbem-12941	55	20	comprehensively	comprehensively	ADV
fbem-12941	55	21	.	.	PUNCT
fbem-12941	56	1	secondly	secondly	ADV
fbem-12941	56	2	,	,	PUNCT
fbem-12941	56	3	attention	attention	NOUN
fbem-12941	56	4	should	should	AUX
fbem-12941	56	5	be	be	AUX
fbem-12941	56	6	paid	pay	VERB
fbem-12941	56	7	to	to	ADP
fbem-12941	56	8	the	the	DET
fbem-12941	56	9	diversity	diversity	NOUN
fbem-12941	56	10	and	and	CCONJ
fbem-12941	56	11	stability	stability	NOUN
fbem-12941	56	12	of	of	ADP
fbem-12941	56	13	asset	asset	NOUN
fbem-12941	56	14	allocation	allocation	NOUN
fbem-12941	56	15	.	.	PUNCT
fbem-12941	57	1	the	the	DET
fbem-12941	57	2	portfolio	portfolio	NOUN
fbem-12941	57	3	of	of	ADP
fbem-12941	57	4	a	a	DET
fbem-12941	57	5	fof	fof	ADJ
fbem-12941	57	6	fund	fund	NOUN
fbem-12941	57	7	should	should	AUX
fbem-12941	57	8	cover	cover	VERB
fbem-12941	57	9	different	different	ADJ
fbem-12941	57	10	types	type	NOUN
fbem-12941	57	11	of	of	ADP
fbem-12941	57	12	assets	asset	NOUN
fbem-12941	57	13	,	,	PUNCT
fbem-12941	57	14	such	such	ADJ
fbem-12941	57	15	as	as	ADP
fbem-12941	57	16	stocks	stock	NOUN
fbem-12941	57	17	,	,	PUNCT
fbem-12941	57	18	bonds	bond	NOUN
fbem-12941	57	19	,	,	PUNCT
fbem-12941	57	20	real	real	ADJ
fbem-12941	57	21	estate	estate	NOUN
fbem-12941	57	22	,	,	PUNCT
fbem-12941	57	23	etc	etc	X
fbem-12941	57	24	.	.	X
fbem-12941	57	25	,	,	PUNCT
fbem-12941	57	26	to	to	PART
fbem-12941	57	27	reduce	reduce	VERB
fbem-12941	57	28	the	the	DET
fbem-12941	57	29	risk	risk	NOUN
fbem-12941	57	30	of	of	ADP
fbem-12941	57	31	a	a	DET
fbem-12941	57	32	single	single	ADJ
fbem-12941	57	33	asset	asset	NOUN
fbem-12941	57	34	.	.	PUNCT
fbem-12941	58	1	concurrently	concurrently	ADV
fbem-12941	58	2	,	,	PUNCT
fbem-12941	58	3	asset	asset	NOUN
fbem-12941	58	4	allocation	allocation	NOUN
fbem-12941	58	5	also	also	ADV
fbem-12941	58	6	needs	need	VERB
fbem-12941	58	7	to	to	PART
fbem-12941	58	8	pay	pay	VERB
fbem-12941	58	9	attention	attention	NOUN
fbem-12941	58	10	to	to	ADP
fbem-12941	58	11	the	the	DET
fbem-12941	58	12	degree	degree	NOUN
fbem-12941	58	13	of	of	ADP
fbem-12941	58	14	diversification	diversification	NOUN
fbem-12941	58	15	to	to	PART
fbem-12941	58	16	avoid	avoid	VERB
fbem-12941	58	17	overconcentration	overconcentration	NOUN
fbem-12941	58	18	in	in	ADP
fbem-12941	58	19	a	a	DET
fbem-12941	58	20	particular	particular	ADJ
fbem-12941	58	21	asset	asset	NOUN
fbem-12941	58	22	.	.	PUNCT
fbem-12941	59	1	finally	finally	ADV
fbem-12941	59	2	,	,	PUNCT
fbem-12941	59	3	it	it	PRON
fbem-12941	59	4	is	be	AUX
fbem-12941	59	5	important	important	ADJ
fbem-12941	59	6	to	to	PART
fbem-12941	59	7	pay	pay	VERB
fbem-12941	59	8	attention	attention	NOUN
fbem-12941	59	9	to	to	ADP
fbem-12941	59	10	changes	change	NOUN
fbem-12941	59	11	in	in	ADP
fbem-12941	59	12	the	the	DET
fbem-12941	59	13	market	market	NOUN
fbem-12941	59	14	environment	environment	NOUN
fbem-12941	59	15	.	.	PUNCT
fbem-12941	60	1	the	the	DET
fbem-12941	60	2	portfolio	portfolio	NOUN
fbem-12941	60	3	of	of	ADP
fbem-12941	60	4	a	a	DET
fbem-12941	60	5	fof	fof	ADJ
fbem-12941	60	6	fund	fund	NOUN
fbem-12941	60	7	should	should	AUX
fbem-12941	60	8	be	be	AUX
fbem-12941	60	9	able	able	ADJ
fbem-12941	60	10	to	to	PART
fbem-12941	60	11	adapt	adapt	VERB
fbem-12941	60	12	to	to	ADP
fbem-12941	60	13	changes	change	NOUN
fbem-12941	60	14	in	in	ADP
fbem-12941	60	15	the	the	DET
fbem-12941	60	16	market	market	NOUN
fbem-12941	60	17	and	and	CCONJ
fbem-12941	60	18	adjust	adjust	VERB
fbem-12941	60	19	the	the	DET
fbem-12941	60	20	investment	investment	NOUN
fbem-12941	60	21	direction	direction	NOUN
fbem-12941	60	22	and	and	CCONJ
fbem-12941	60	23	ratio	ratio	NOUN
fbem-12941	60	24	in	in	ADP
fbem-12941	60	25	a	a	DET
fbem-12941	60	26	timely	timely	ADJ
fbem-12941	60	27	manner	manner	NOUN
fbem-12941	60	28	.	.	PUNCT
fbem-12941	61	1	in	in	ADP
fbem-12941	61	2	addition	addition	NOUN
fbem-12941	61	3	,	,	PUNCT
fbem-12941	61	4	it	it	PRON
fbem-12941	61	5	is	be	AUX
fbem-12941	61	6	also	also	ADV
fbem-12941	61	7	necessary	necessary	ADJ
fbem-12941	61	8	to	to	PART
fbem-12941	61	9	pay	pay	VERB
fbem-12941	61	10	attention	attention	NOUN
fbem-12941	61	11	to	to	ADP
fbem-12941	61	12	the	the	DET
fbem-12941	61	13	impact	impact	NOUN
fbem-12941	61	14	of	of	ADP
fbem-12941	61	15	policies	policy	NOUN
fbem-12941	61	16	and	and	CCONJ
fbem-12941	61	17	regulations	regulation	NOUN
fbem-12941	61	18	to	to	PART
fbem-12941	61	19	ensure	ensure	VERB
fbem-12941	61	20	that	that	SCONJ
fbem-12941	61	21	the	the	DET
fbem-12941	61	22	selected	select	VERB
fbem-12941	61	23	investment	investment	NOUN
fbem-12941	61	24	targets	target	NOUN
fbem-12941	61	25	comply	comply	VERB
fbem-12941	61	26	with	with	ADP
fbem-12941	61	27	relevant	relevant	ADJ
fbem-12941	61	28	regulations	regulation	NOUN
fbem-12941	61	29	.	.	PUNCT
fbem-12941	62	1	in	in	ADP
fbem-12941	62	2	conclusion	conclusion	NOUN
fbem-12941	62	3	,	,	PUNCT
fbem-12941	62	4	selecting	select	VERB
fbem-12941	62	5	a	a	DET
fbem-12941	62	6	portfolio	portfolio	NOUN
fbem-12941	62	7	strategy	strategy	NOUN
fbem-12941	62	8	for	for	ADP
fbem-12941	62	9	a	a	DET
fbem-12941	62	10	fof	fof	ADJ
fbem-12941	62	11	fund	fund	NOUN
fbem-12941	62	12	requires	require	VERB
fbem-12941	62	13	careful	careful	ADJ
fbem-12941	62	14	consideration	consideration	NOUN
fbem-12941	62	15	of	of	ADP
fbem-12941	62	16	various	various	ADJ
fbem-12941	62	17	factors	factor	NOUN
fbem-12941	62	18	,	,	PUNCT
fbem-12941	62	19	including	include	VERB
fbem-12941	62	20	risk	risk	NOUN
fbem-12941	62	21	,	,	PUNCT
fbem-12941	62	22	return	return	NOUN
fbem-12941	62	23	,	,	PUNCT
fbem-12941	62	24	asset	asset	NOUN
fbem-12941	62	25	allocation	allocation	NOUN
fbem-12941	62	26	,	,	PUNCT
fbem-12941	62	27	and	and	CCONJ
fbem-12941	62	28	other	other	ADJ
fbem-12941	62	29	factors	factor	NOUN
fbem-12941	62	30	.	.	PUNCT
fbem-12941	63	1	only	only	ADV
fbem-12941	63	2	in	in	ADP
fbem-12941	63	3	this	this	DET
fbem-12941	63	4	way	way	NOUN
fbem-12941	63	5	can	can	AUX
fbem-12941	63	6	we	we	PRON
fbem-12941	63	7	achieve	achieve	VERB
fbem-12941	63	8	a	a	DET
fbem-12941	63	9	long	long	ADJ
fbem-12941	63	10	-	-	PUNCT
fbem-12941	63	11	term	term	NOUN
fbem-12941	63	12	and	and	CCONJ
fbem-12941	63	13	steady	steady	ADJ
fbem-12941	63	14	investment	investment	NOUN
fbem-12941	63	15	goal	goal	NOUN
fbem-12941	63	16	.	.	PUNCT
fbem-12941	64	1	5.2	5.2	NUM
fbem-12941	64	2	.	.	PUNCT
fbem-12941	64	3	methodology	methodology	NOUN
fbem-12941	64	4	for	for	ADP
fbem-12941	64	5	selecting	select	VERB
fbem-12941	64	6	portfolio	portfolio	NOUN
fbem-12941	64	7	strategies	strategy	NOUN
fbem-12941	64	8	for	for	ADP
fbem-12941	64	9	fof	fof	ADJ
fbem-12941	64	10	funds	fund	NOUN
fbem-12941	64	11	when	when	SCONJ
fbem-12941	64	12	selecting	select	VERB
fbem-12941	64	13	a	a	DET
fbem-12941	64	14	portfolio	portfolio	NOUN
fbem-12941	64	15	strategy	strategy	NOUN
fbem-12941	64	16	for	for	ADP
fbem-12941	64	17	a	a	DET
fbem-12941	64	18	fof	fof	PROPN
fbem-12941	64	19	fund	fund	NOUN
fbem-12941	64	20	,	,	PUNCT
fbem-12941	64	21	various	various	ADJ
fbem-12941	64	22	factors	factor	NOUN
fbem-12941	64	23	need	need	VERB
fbem-12941	64	24	to	to	PART
fbem-12941	64	25	be	be	AUX
fbem-12941	64	26	considered	consider	VERB
fbem-12941	64	27	.	.	PUNCT
fbem-12941	65	1	firstly	firstly	ADV
fbem-12941	65	2	,	,	PUNCT
fbem-12941	65	3	one	one	PRON
fbem-12941	65	4	should	should	AUX
fbem-12941	65	5	clarify	clarify	VERB
fbem-12941	65	6	one	one	PRON
fbem-12941	65	7	's	's	PART
fbem-12941	65	8	risk	risk	NOUN
fbem-12941	65	9	tolerance	tolerance	NOUN
fbem-12941	65	10	and	and	CCONJ
fbem-12941	65	11	return	return	VERB
fbem-12941	65	12	expectation	expectation	NOUN
fbem-12941	65	13	target	target	NOUN
fbem-12941	65	14	.	.	PUNCT
fbem-12941	66	1	secondly	secondly	ADV
fbem-12941	66	2	,	,	PUNCT
fbem-12941	66	3	one	one	PRON
fbem-12941	66	4	should	should	AUX
fbem-12941	66	5	analyze	analyze	VERB
fbem-12941	66	6	the	the	DET
fbem-12941	66	7	market	market	NOUN
fbem-12941	66	8	situation	situation	NOUN
fbem-12941	66	9	and	and	CCONJ
fbem-12941	66	10	understand	understand	VERB
fbem-12941	66	11	the	the	DET
fbem-12941	66	12	current	current	ADJ
fbem-12941	66	13	market	market	NOUN
fbem-12941	66	14	trends	trend	NOUN
fbem-12941	66	15	and	and	CCONJ
fbem-12941	66	16	directions	direction	NOUN
fbem-12941	66	17	to	to	PART
fbem-12941	66	18	grasp	grasp	VERB
fbem-12941	66	19	the	the	DET
fbem-12941	66	20	opportunities	opportunity	NOUN
fbem-12941	66	21	better	well	ADV
fbem-12941	66	22	and	and	CCONJ
fbem-12941	66	23	avoid	avoid	VERB
fbem-12941	66	24	the	the	DET
fbem-12941	66	25	risks	risk	NOUN
fbem-12941	66	26	.	.	PUNCT
fbem-12941	67	1	in	in	ADP
fbem-12941	67	2	addition	addition	NOUN
fbem-12941	67	3	,	,	PUNCT
fbem-12941	67	4	it	it	PRON
fbem-12941	67	5	is	be	AUX
fbem-12941	67	6	necessary	necessary	ADJ
fbem-12941	67	7	to	to	PART
fbem-12941	67	8	pay	pay	VERB
fbem-12941	67	9	attention	attention	NOUN
fbem-12941	67	10	to	to	ADP
fbem-12941	67	11	the	the	DET
fbem-12941	67	12	interrelationship	interrelationship	NOUN
fbem-12941	67	13	between	between	ADP
fbem-12941	67	14	different	different	ADJ
fbem-12941	67	15	types	type	NOUN
fbem-12941	67	16	of	of	ADP
fbem-12941	67	17	assets	asset	NOUN
fbem-12941	67	18	and	and	CCONJ
fbem-12941	67	19	their	their	PRON
fbem-12941	67	20	respective	respective	ADJ
fbem-12941	67	21	volatility	volatility	NOUN
fbem-12941	67	22	.	.	PUNCT
fbem-12941	68	1	finally	finally	ADV
fbem-12941	68	2	,	,	PUNCT
fbem-12941	68	3	factors	factor	NOUN
fbem-12941	68	4	such	such	ADJ
fbem-12941	68	5	as	as	ADP
fbem-12941	68	6	the	the	DET
fbem-12941	68	7	fund	fund	NOUN
fbem-12941	68	8	manager	manager	NOUN
fbem-12941	68	9	's	's	PART
fbem-12941	68	10	experience	experience	NOUN
fbem-12941	68	11	level	level	NOUN
fbem-12941	68	12	and	and	CCONJ
fbem-12941	68	13	management	management	NOUN
fbem-12941	68	14	style	style	NOUN
fbem-12941	68	15	should	should	AUX
fbem-12941	68	16	be	be	AUX
fbem-12941	68	17	considered	consider	VERB
fbem-12941	68	18	.	.	PUNCT
fbem-12941	69	1	moreover	moreover	ADV
fbem-12941	69	2	,	,	PUNCT
fbem-12941	69	3	for	for	ADP
fbem-12941	69	4	the	the	DET
fbem-12941	69	5	specific	specific	ADJ
fbem-12941	69	6	selection	selection	NOUN
fbem-12941	69	7	method	method	NOUN
fbem-12941	69	8	,	,	PUNCT
fbem-12941	69	9	fundamental	fundamental	ADJ
fbem-12941	69	10	analysis	analysis	NOUN
fbem-12941	69	11	or	or	CCONJ
fbem-12941	69	12	technical	technical	ADJ
fbem-12941	69	13	analysis	analysis	NOUN
fbem-12941	69	14	can	can	AUX
fbem-12941	69	15	be	be	AUX
fbem-12941	69	16	used	use	VERB
fbem-12941	69	17	to	to	PART
fbem-12941	69	18	assist	assist	VERB
fbem-12941	69	19	the	the	DET
fbem-12941	69	20	decision	decision	NOUN
fbem-12941	69	21	.	.	PUNCT
fbem-12941	70	1	among	among	ADP
fbem-12941	70	2	them	they	PRON
fbem-12941	70	3	,	,	PUNCT
fbem-12941	70	4	the	the	DET
fbem-12941	70	5	fundamental	fundamental	ADJ
fbem-12941	70	6	analysis	analysis	NOUN
fbem-12941	70	7	method	method	NOUN
fbem-12941	70	8	mainly	mainly	ADV
fbem-12941	70	9	determines	determine	VERB
fbem-12941	70	10	the	the	DET
fbem-12941	70	11	value	value	NOUN
fbem-12941	70	12	of	of	ADP
fbem-12941	70	13	the	the	DET
fbem-12941	70	14	stock	stock	NOUN
fbem-12941	70	15	by	by	ADP
fbem-12941	70	16	studying	study	VERB
fbem-12941	70	17	the	the	DET
fbem-12941	70	18	company	company	NOUN
fbem-12941	70	19	's	's	PART
fbem-12941	70	20	financial	financial	ADJ
fbem-12941	70	21	situation	situation	NOUN
fbem-12941	70	22	and	and	CCONJ
fbem-12941	70	23	industry	industry	NOUN
fbem-12941	70	24	outlook	outlook	NOUN
fbem-12941	70	25	,	,	PUNCT
fbem-12941	70	26	while	while	SCONJ
fbem-12941	70	27	the	the	DET
fbem-12941	70	28	technical	technical	ADJ
fbem-12941	70	29	analysis	analysis	NOUN
fbem-12941	70	30	method	method	NOUN
fbem-12941	70	31	mainly	mainly	ADV
fbem-12941	70	32	predicts	predict	VERB
fbem-12941	70	33	future	future	ADJ
fbem-12941	70	34	stock	stock	NOUN
fbem-12941	70	35	price	price	NOUN
fbem-12941	70	36	changes	change	NOUN
fbem-12941	70	37	based	base	VERB
fbem-12941	70	38	on	on	ADP
fbem-12941	70	39	historical	historical	ADJ
fbem-12941	70	40	price	price	NOUN
fbem-12941	70	41	movements	movement	NOUN
fbem-12941	70	42	.	.	PUNCT
fbem-12941	71	1	concurrently	concurrently	ADV
fbem-12941	71	2	,	,	PUNCT
fbem-12941	71	3	other	other	ADJ
fbem-12941	71	4	indicators	indicator	NOUN
fbem-12941	71	5	,	,	PUNCT
fbem-12941	71	6	such	such	ADJ
fbem-12941	71	7	as	as	ADP
fbem-12941	71	8	the	the	DET
fbem-12941	71	9	peg	peg	NOUN
fbem-12941	71	10	ratio	ratio	NOUN
fbem-12941	71	11	and	and	CCONJ
fbem-12941	71	12	p	p	NOUN
fbem-12941	71	13	/	/	SYM
fbem-12941	71	14	e	e	NOUN
fbem-12941	71	15	ratio	ratio	NOUN
fbem-12941	71	16	,	,	PUNCT
fbem-12941	71	17	can	can	AUX
fbem-12941	71	18	also	also	ADV
fbem-12941	71	19	be	be	AUX
fbem-12941	71	20	combined	combine	VERB
fbem-12941	71	21	to	to	PART
fbem-12941	71	22	evaluate	evaluate	VERB
fbem-12941	71	23	a	a	DET
fbem-12941	71	24	fund	fund	NOUN
fbem-12941	71	25	's	's	PART
fbem-12941	71	26	performance	performance	NOUN
fbem-12941	71	27	comprehensively	comprehensively	ADV
fbem-12941	71	28	.	.	PUNCT
fbem-12941	72	1	in	in	ADP
fbem-12941	72	2	short	short	ADJ
fbem-12941	72	3	,	,	PUNCT
fbem-12941	72	4	choosing	choose	VERB
fbem-12941	72	5	the	the	DET
fbem-12941	72	6	right	right	ADJ
fbem-12941	72	7	portfolio	portfolio	NOUN
fbem-12941	72	8	strategy	strategy	NOUN
fbem-12941	72	9	is	be	AUX
fbem-12941	72	10	one	one	NUM
fbem-12941	72	11	of	of	ADP
fbem-12941	72	12	the	the	DET
fbem-12941	72	13	keys	key	NOUN
fbem-12941	72	14	to	to	ADP
fbem-12941	72	15	the	the	DET
fbem-12941	72	16	success	success	NOUN
fbem-12941	72	17	of	of	ADP
fbem-12941	72	18	a	a	DET
fbem-12941	72	19	fof	fof	ADJ
fbem-12941	72	20	fund.[6	fund.[6	NOUN
fbem-12941	72	21	]	]	PUNCT
fbem-12941	72	22	5.3	5.3	NUM
fbem-12941	72	23	.	.	PUNCT
fbem-12941	73	1	steps	step	NOUN
fbem-12941	73	2	for	for	ADP
fbem-12941	73	3	selecting	select	VERB
fbem-12941	73	4	portfolio	portfolio	NOUN
fbem-12941	73	5	strategies	strategy	NOUN
fbem-12941	73	6	for	for	ADP
fbem-12941	73	7	fof	fof	ADJ
fbem-12941	73	8	funds	fund	NOUN
fbem-12941	73	9	when	when	SCONJ
fbem-12941	73	10	choosing	choose	VERB
fbem-12941	73	11	a	a	DET
fbem-12941	73	12	portfolio	portfolio	NOUN
fbem-12941	73	13	strategy	strategy	NOUN
fbem-12941	73	14	for	for	ADP
fbem-12941	73	15	a	a	DET
fbem-12941	73	16	fof	fof	PROPN
fbem-12941	73	17	fund	fund	NOUN
fbem-12941	73	18	,	,	PUNCT
fbem-12941	73	19	there	there	PRON
fbem-12941	73	20	are	be	VERB
fbem-12941	73	21	certain	certain	ADJ
fbem-12941	73	22	steps	step	NOUN
fbem-12941	73	23	to	to	PART
fbem-12941	73	24	follow	follow	VERB
fbem-12941	73	25	.	.	PUNCT
fbem-12941	74	1	firstly	firstly	ADV
fbem-12941	74	2	,	,	PUNCT
fbem-12941	74	3	one	one	PRON
fbem-12941	74	4	should	should	AUX
fbem-12941	74	5	clarify	clarify	VERB
fbem-12941	74	6	one	one	PRON
fbem-12941	74	7	's	's	PART
fbem-12941	74	8	risk	risk	NOUN
fbem-12941	74	9	appetite	appetite	NOUN
fbem-12941	74	10	and	and	CCONJ
fbem-12941	74	11	return	return	VERB
fbem-12941	74	12	objectives	objective	NOUN
fbem-12941	74	13	to	to	PART
fbem-12941	74	14	determine	determine	VERB
fbem-12941	74	15	the	the	DET
fbem-12941	74	16	appropriate	appropriate	ADJ
fbem-12941	74	17	strategy	strategy	NOUN
fbem-12941	74	18	better	well	ADV
fbem-12941	74	19	.	.	PUNCT
fbem-12941	75	1	secondly	secondly	ADV
fbem-12941	75	2	,	,	PUNCT
fbem-12941	75	3	an	an	DET
fbem-12941	75	4	in	in	ADP
fbem-12941	75	5	-	-	PUNCT
fbem-12941	75	6	depth	depth	NOUN
fbem-12941	75	7	market	market	NOUN
fbem-12941	75	8	study	study	NOUN
fbem-12941	75	9	should	should	AUX
fbem-12941	75	10	be	be	AUX
fbem-12941	75	11	conducted	conduct	VERB
fbem-12941	75	12	to	to	PART
fbem-12941	75	13	understand	understand	VERB
fbem-12941	75	14	the	the	DET
fbem-12941	75	15	performance	performance	NOUN
fbem-12941	75	16	of	of	ADP
fbem-12941	75	17	different	different	ADJ
fbem-12941	75	18	asset	asset	NOUN
fbem-12941	75	19	classes	class	NOUN
fbem-12941	75	20	and	and	CCONJ
fbem-12941	75	21	their	their	PRON
fbem-12941	75	22	relationship	relationship	NOUN
fbem-12941	75	23	with	with	ADP
fbem-12941	75	24	the	the	DET
fbem-12941	75	25	macroeconomic	macroeconomic	ADJ
fbem-12941	75	26	environment	environment	NOUN
fbem-12941	75	27	.	.	PUNCT
fbem-12941	76	1	moreover	moreover	ADV
fbem-12941	76	2	,	,	PUNCT
fbem-12941	76	3	based	base	VERB
fbem-12941	76	4	on	on	ADP
fbem-12941	76	5	this	this	PRON
fbem-12941	76	6	,	,	PUNCT
fbem-12941	76	7	a	a	DET
fbem-12941	76	8	corresponding	correspond	VERB
fbem-12941	76	9	portfolio	portfolio	NOUN
fbem-12941	76	10	plan	plan	NOUN
fbem-12941	76	11	can	can	AUX
fbem-12941	76	12	be	be	AUX
fbem-12941	76	13	developed	develop	VERB
fbem-12941	76	14	.	.	PUNCT
fbem-12941	77	1	specifically	specifically	ADV
fbem-12941	77	2	,	,	PUNCT
fbem-12941	77	3	different	different	ADJ
fbem-12941	77	4	investment	investment	NOUN
fbem-12941	77	5	styles	style	NOUN
fbem-12941	77	6	can	can	AUX
fbem-12941	77	7	be	be	AUX
fbem-12941	77	8	selected	select	VERB
fbem-12941	77	9	to	to	PART
fbem-12941	77	10	build	build	VERB
fbem-12941	77	11	the	the	DET
fbem-12941	77	12	portfolio	portfolio	NOUN
fbem-12941	77	13	of	of	ADP
fbem-12941	77	14	a	a	DET
fbem-12941	77	15	fof	fof	PROPN
fbem-12941	77	16	fund	fund	NOUN
fbem-12941	77	17	.	.	PUNCT
fbem-12941	78	1	for	for	ADP
fbem-12941	78	2	example	example	NOUN
fbem-12941	78	3	,	,	PUNCT
fbem-12941	78	4	some	some	DET
fbem-12941	78	5	investors	investor	NOUN
fbem-12941	78	6	may	may	AUX
fbem-12941	78	7	favor	favor	VERB
fbem-12941	78	8	equity	equity	NOUN
fbem-12941	78	9	funds	fund	NOUN
fbem-12941	78	10	that	that	PRON
fbem-12941	78	11	seek	seek	VERB
fbem-12941	78	12	high	high	ADJ
fbem-12941	78	13	returns	return	NOUN
fbem-12941	78	14	;	;	PUNCT
fbem-12941	78	15	while	while	SCONJ
fbem-12941	78	16	others	other	NOUN
fbem-12941	78	17	focus	focus	VERB
fbem-12941	78	18	more	more	ADV
fbem-12941	78	19	on	on	ADP
fbem-12941	78	20	steadiness	steadiness	NOUN
fbem-12941	78	21	and	and	CCONJ
fbem-12941	78	22	allocate	allocate	VERB
fbem-12941	78	23	their	their	PRON
fbem-12941	78	24	funds	fund	NOUN
fbem-12941	78	25	to	to	PART
fbem-12941	78	26	bond	bond	NOUN
fbem-12941	78	27	funds	fund	NOUN
fbem-12941	78	28	or	or	CCONJ
fbem-12941	78	29	hybrid	hybrid	ADJ
fbem-12941	78	30	funds	fund	NOUN
fbem-12941	78	31	.	.	PUNCT
fbem-12941	79	1	in	in	ADP
fbem-12941	79	2	addition	addition	NOUN
fbem-12941	79	3	,	,	PUNCT
fbem-12941	79	4	one	one	PRON
fbem-12941	79	5	may	may	AUX
fbem-12941	79	6	also	also	ADV
fbem-12941	79	7	consider	consider	VERB
fbem-12941	79	8	risk	risk	NOUN
fbem-12941	79	9	reduction	reduction	NOUN
fbem-12941	79	10	through	through	ADP
fbem-12941	79	11	diversification	diversification	NOUN
fbem-12941	79	12	,	,	PUNCT
fbem-12941	79	13	namely	namely	ADV
fbem-12941	79	14	allocating	allocate	VERB
fbem-12941	79	15	funds	fund	NOUN
fbem-12941	79	16	to	to	ADP
fbem-12941	79	17	different	different	ADJ
fbem-12941	79	18	products	product	NOUN
fbem-12941	79	19	from	from	ADP
fbem-12941	79	20	multiple	multiple	ADJ
fbem-12941	79	21	fund	fund	NOUN
fbem-12941	79	22	companies	company	NOUN
fbem-12941	79	23	.	.	PUNCT
fbem-12941	80	1	finally	finally	ADV
fbem-12941	80	2	,	,	PUNCT
fbem-12941	80	3	it	it	PRON
fbem-12941	80	4	should	should	AUX
fbem-12941	80	5	be	be	AUX
fbem-12941	80	6	24	24	NUM
fbem-12941	80	7	noted	note	VERB
fbem-12941	80	8	that	that	SCONJ
fbem-12941	80	9	the	the	DET
fbem-12941	80	10	portfolio	portfolio	NOUN
fbem-12941	80	11	strategy	strategy	NOUN
fbem-12941	80	12	of	of	ADP
fbem-12941	80	13	a	a	DET
fbem-12941	80	14	fof	fof	PROPN
fbem-12941	80	15	fund	fund	NOUN
fbem-12941	80	16	needs	need	VERB
fbem-12941	80	17	to	to	PART
fbem-12941	80	18	be	be	AUX
fbem-12941	80	19	constantly	constantly	ADV
fbem-12941	80	20	adjusted	adjust	VERB
fbem-12941	80	21	and	and	CCONJ
fbem-12941	80	22	optimized	optimize	VERB
fbem-12941	80	23	to	to	PART
fbem-12941	80	24	adapt	adapt	VERB
fbem-12941	80	25	to	to	ADP
fbem-12941	80	26	changes	change	NOUN
fbem-12941	80	27	and	and	CCONJ
fbem-12941	80	28	trends	trend	NOUN
fbem-12941	80	29	in	in	ADP
fbem-12941	80	30	the	the	DET
fbem-12941	80	31	market	market	NOUN
fbem-12941	80	32	.	.	PUNCT
fbem-12941	81	1	therefore	therefore	ADV
fbem-12941	81	2	,	,	PUNCT
fbem-12941	81	3	it	it	PRON
fbem-12941	81	4	is	be	AUX
fbem-12941	81	5	also	also	ADV
fbem-12941	81	6	necessary	necessary	ADJ
fbem-12941	81	7	to	to	PART
fbem-12941	81	8	constantly	constantly	ADV
fbem-12941	81	9	keep	keep	VERB
fbem-12941	81	10	an	an	DET
fbem-12941	81	11	eye	eye	NOUN
fbem-12941	81	12	on	on	ADP
fbem-12941	81	13	market	market	NOUN
fbem-12941	81	14	dynamics	dynamic	NOUN
fbem-12941	81	15	and	and	CCONJ
fbem-12941	81	16	make	make	VERB
fbem-12941	81	17	timely	timely	ADJ
fbem-12941	81	18	decisions	decision	NOUN
fbem-12941	81	19	accordingly	accordingly	ADV
fbem-12941	81	20	in	in	ADP
fbem-12941	81	21	the	the	DET
fbem-12941	81	22	actual	actual	ADJ
fbem-12941	81	23	operation	operation	NOUN
fbem-12941	81	24	process	process	NOUN
fbem-12941	81	25	.	.	PUNCT
fbem-12941	82	1	in	in	ADP
fbem-12941	82	2	conclusion	conclusion	NOUN
fbem-12941	82	3	,	,	PUNCT
fbem-12941	82	4	choosing	choose	VERB
fbem-12941	82	5	the	the	DET
fbem-12941	82	6	right	right	ADJ
fbem-12941	82	7	portfolio	portfolio	NOUN
fbem-12941	82	8	strategy	strategy	NOUN
fbem-12941	82	9	for	for	ADP
fbem-12941	82	10	a	a	DET
fbem-12941	82	11	fof	fof	ADJ
fbem-12941	82	12	fund	fund	NOUN
fbem-12941	82	13	is	be	AUX
fbem-12941	82	14	one	one	NUM
fbem-12941	82	15	of	of	ADP
fbem-12941	82	16	the	the	DET
fbem-12941	82	17	keys	key	NOUN
fbem-12941	82	18	to	to	ADP
fbem-12941	82	19	achieving	achieve	VERB
fbem-12941	82	20	long	long	ADJ
fbem-12941	82	21	-	-	PUNCT
fbem-12941	82	22	term	term	NOUN
fbem-12941	82	23	steady	steady	ADJ
fbem-12941	82	24	returns	return	NOUN
fbem-12941	82	25	.	.	PUNCT
fbem-12941	83	1	6	6	X
fbem-12941	83	2	.	.	X
fbem-12941	83	3	common	common	ADJ
fbem-12941	83	4	portfolio	portfolio	NOUN
fbem-12941	83	5	strategies	strategy	NOUN
fbem-12941	83	6	for	for	ADP
fbem-12941	83	7	fof	fof	NOUN
fbem-12941	83	8	6.1	6.1	NUM
fbem-12941	83	9	.	.	PUNCT
fbem-12941	84	1	target	target	NOUN
fbem-12941	84	2	period	period	NOUN
fbem-12941	84	3	of	of	ADP
fbem-12941	84	4	investment	investment	NOUN
fbem-12941	84	5	strategy	strategy	NOUN
fbem-12941	84	6	the	the	DET
fbem-12941	84	7	target	target	NOUN
fbem-12941	84	8	period	period	NOUN
fbem-12941	84	9	strategy	strategy	NOUN
fbem-12941	84	10	is	be	AUX
fbem-12941	84	11	an	an	DET
fbem-12941	84	12	investment	investment	NOUN
fbem-12941	84	13	strategy	strategy	NOUN
fbem-12941	84	14	based	base	VERB
fbem-12941	84	15	on	on	ADP
fbem-12941	84	16	the	the	DET
fbem-12941	84	17	risk	risk	NOUN
fbem-12941	84	18	-	-	PUNCT
fbem-12941	84	19	return	return	NOUN
fbem-12941	84	20	characteristics	characteristic	NOUN
fbem-12941	84	21	of	of	ADP
fbem-12941	84	22	investors	investor	NOUN
fbem-12941	84	23	at	at	ADP
fbem-12941	84	24	different	different	ADJ
fbem-12941	84	25	ages	age	NOUN
fbem-12941	84	26	.	.	PUNCT
fbem-12941	85	1	moreover	moreover	ADV
fbem-12941	85	2	,	,	PUNCT
fbem-12941	85	3	the	the	DET
fbem-12941	85	4	aim	aim	NOUN
fbem-12941	85	5	is	be	AUX
fbem-12941	85	6	to	to	PART
fbem-12941	85	7	help	help	VERB
fbem-12941	85	8	investors	investor	NOUN
fbem-12941	85	9	achieve	achieve	VERB
fbem-12941	85	10	higher	high	ADJ
fbem-12941	85	11	returns	return	NOUN
fbem-12941	85	12	and	and	CCONJ
fbem-12941	85	13	provide	provide	VERB
fbem-12941	85	14	better	well	ADJ
fbem-12941	85	15	investment	investment	NOUN
fbem-12941	85	16	returns	return	NOUN
fbem-12941	85	17	for	for	ADP
fbem-12941	85	18	their	their	PRON
fbem-12941	85	19	pensions	pension	NOUN
fbem-12941	85	20	.	.	PUNCT
fbem-12941	86	1	fof	fof	ADJ
fbem-12941	86	2	funds	fund	NOUN
fbem-12941	86	3	in	in	ADP
fbem-12941	86	4	the	the	DET
fbem-12941	86	5	u.s	u.s	PROPN
fbem-12941	86	6	.	.	PROPN
fbem-12941	86	7	are	be	AUX
fbem-12941	86	8	one	one	NUM
fbem-12941	86	9	of	of	ADP
fbem-12941	86	10	the	the	DET
fbem-12941	86	11	best	good	ADJ
fbem-12941	86	12	examples	example	NOUN
fbem-12941	86	13	of	of	ADP
fbem-12941	86	14	this	this	DET
fbem-12941	86	15	strategy	strategy	NOUN
fbem-12941	86	16	.	.	PUNCT
fbem-12941	87	1	by	by	ADP
fbem-12941	87	2	adopting	adopt	VERB
fbem-12941	87	3	a	a	DET
fbem-12941	87	4	new	new	ADJ
fbem-12941	87	5	strategy	strategy	NOUN
fbem-12941	87	6	that	that	PRON
fbem-12941	87	7	gradually	gradually	ADV
fbem-12941	87	8	reduces	reduce	VERB
fbem-12941	87	9	portfolio	portfolio	NOUN
fbem-12941	87	10	risk	risk	NOUN
fbem-12941	87	11	as	as	SCONJ
fbem-12941	87	12	investors	investor	NOUN
fbem-12941	87	13	age	age	VERB
fbem-12941	87	14	and	and	CCONJ
fbem-12941	87	15	seeks	seek	VERB
fbem-12941	87	16	higher	high	ADJ
fbem-12941	87	17	returns	return	NOUN
fbem-12941	87	18	from	from	ADP
fbem-12941	87	19	the	the	DET
fbem-12941	87	20	outset	outset	NOUN
fbem-12941	87	21	,	,	PUNCT
fbem-12941	87	22	and	and	CCONJ
fbem-12941	87	23	then	then	ADV
fbem-12941	87	24	gradually	gradually	ADV
fbem-12941	87	25	increases	increase	VERB
fbem-12941	87	26	holdings	holding	NOUN
fbem-12941	87	27	in	in	ADP
fbem-12941	87	28	lower	low	ADJ
fbem-12941	87	29	-	-	PUNCT
fbem-12941	87	30	risk	risk	NOUN
fbem-12941	87	31	bonds	bond	NOUN
fbem-12941	87	32	and	and	CCONJ
fbem-12941	87	33	other	other	ADJ
fbem-12941	87	34	products	product	NOUN
fbem-12941	87	35	.	.	PUNCT
fbem-12941	88	1	this	this	DET
fbem-12941	88	2	strategy	strategy	NOUN
fbem-12941	88	3	meets	meet	VERB
fbem-12941	88	4	investors	investor	NOUN
fbem-12941	88	5	'	'	PART
fbem-12941	88	6	retirement	retirement	NOUN
fbem-12941	88	7	needs	need	NOUN
fbem-12941	88	8	while	while	SCONJ
fbem-12941	88	9	effectively	effectively	ADV
fbem-12941	88	10	enhancing	enhance	VERB
fbem-12941	88	11	their	their	PRON
fbem-12941	88	12	pensions	pension	NOUN
fbem-12941	88	13	'	'	PART
fbem-12941	88	14	value	value	NOUN
fbem-12941	88	15	.	.	PUNCT
fbem-12941	89	1	6.2	6.2	NUM
fbem-12941	89	2	.	.	PUNCT
fbem-12941	90	1	yale	yale	PROPN
fbem-12941	90	2	fund	fund	PROPN
fbem-12941	90	3	management	management	NOUN
fbem-12941	90	4	strategy	strategy	NOUN
fbem-12941	90	5	the	the	DET
fbem-12941	90	6	yale	yale	PROPN
fbem-12941	90	7	strategy	strategy	NOUN
fbem-12941	90	8	is	be	AUX
fbem-12941	90	9	an	an	DET
fbem-12941	90	10	optimization	optimization	NOUN
fbem-12941	90	11	of	of	ADP
fbem-12941	90	12	markowitz	markowitz	PROPN
fbem-12941	90	13	's	's	PART
fbem-12941	90	14	meanvariance	meanvariance	NOUN
fbem-12941	90	15	model	model	NOUN
fbem-12941	90	16	applied	apply	VERB
fbem-12941	90	17	in	in	ADP
fbem-12941	90	18	practice	practice	NOUN
fbem-12941	90	19	.	.	PUNCT
fbem-12941	91	1	by	by	ADP
fbem-12941	91	2	analyzing	analyze	VERB
fbem-12941	91	3	historical	historical	ADJ
fbem-12941	91	4	risk	risk	NOUN
fbem-12941	91	5	and	and	CCONJ
fbem-12941	91	6	return	return	VERB
fbem-12941	91	7	data	datum	NOUN
fbem-12941	91	8	,	,	PUNCT
fbem-12941	91	9	combined	combine	VERB
fbem-12941	91	10	with	with	ADP
fbem-12941	91	11	investors	investor	NOUN
fbem-12941	91	12	'	'	PART
fbem-12941	91	13	subjective	subjective	ADJ
fbem-12941	91	14	experience	experience	NOUN
fbem-12941	91	15	,	,	PUNCT
fbem-12941	91	16	institutional	institutional	ADJ
fbem-12941	91	17	investors	investor	NOUN
fbem-12941	91	18	can	can	AUX
fbem-12941	91	19	more	more	ADV
fbem-12941	91	20	accurately	accurately	ADV
fbem-12941	91	21	allocate	allocate	VERB
fbem-12941	91	22	assets	asset	NOUN
fbem-12941	91	23	,	,	PUNCT
fbem-12941	91	24	thus	thus	ADV
fbem-12941	91	25	achieving	achieve	VERB
fbem-12941	91	26	higher	high	ADJ
fbem-12941	91	27	investment	investment	NOUN
fbem-12941	91	28	returns	return	NOUN
fbem-12941	91	29	.	.	PUNCT
fbem-12941	92	1	moreover	moreover	ADV
fbem-12941	92	2	,	,	PUNCT
fbem-12941	92	3	yale	yale	PROPN
fbem-12941	92	4	university	university	PROPN
fbem-12941	92	5	's	's	PART
fbem-12941	92	6	campus	campus	NOUN
fbem-12941	92	7	fund	fund	NOUN
fbem-12941	92	8	is	be	AUX
fbem-12941	92	9	an	an	DET
fbem-12941	92	10	important	important	ADJ
fbem-12941	92	11	example	example	NOUN
fbem-12941	92	12	because	because	SCONJ
fbem-12941	92	13	it	it	PRON
fbem-12941	92	14	is	be	AUX
fbem-12941	92	15	committed	commit	VERB
fbem-12941	92	16	to	to	ADP
fbem-12941	92	17	balancing	balance	VERB
fbem-12941	92	18	annual	annual	ADJ
fbem-12941	92	19	returns	return	NOUN
fbem-12941	92	20	with	with	ADP
fbem-12941	92	21	long	long	ADJ
fbem-12941	92	22	-	-	PUNCT
fbem-12941	92	23	term	term	NOUN
fbem-12941	92	24	investments	investment	NOUN
fbem-12941	92	25	.	.	PUNCT
fbem-12941	93	1	by	by	ADP
fbem-12941	93	2	managing	manage	VERB
fbem-12941	93	3	its	its	PRON
fbem-12941	93	4	funds	fund	NOUN
fbem-12941	93	5	over	over	ADP
fbem-12941	93	6	the	the	DET
fbem-12941	93	7	long	long	ADJ
fbem-12941	93	8	term	term	NOUN
fbem-12941	93	9	,	,	PUNCT
fbem-12941	93	10	the	the	DET
fbem-12941	93	11	yale	yale	PROPN
fbem-12941	93	12	fund	fund	NOUN
fbem-12941	93	13	is	be	AUX
fbem-12941	93	14	able	able	ADJ
fbem-12941	93	15	to	to	PART
fbem-12941	93	16	effectively	effectively	ADV
fbem-12941	93	17	avoid	avoid	VERB
fbem-12941	93	18	missing	miss	VERB
fbem-12941	93	19	out	out	ADP
fbem-12941	93	20	on	on	ADP
fbem-12941	93	21	undervalued	undervalue	VERB
fbem-12941	93	22	opportunities	opportunity	NOUN
fbem-12941	93	23	in	in	ADP
fbem-12941	93	24	the	the	DET
fbem-12941	93	25	market	market	NOUN
fbem-12941	93	26	,	,	PUNCT
fbem-12941	93	27	thus	thus	ADV
fbem-12941	93	28	yielding	yield	VERB
fbem-12941	93	29	greater	great	ADJ
fbem-12941	93	30	returns	return	NOUN
fbem-12941	93	31	.	.	PUNCT
fbem-12941	94	1	over	over	ADP
fbem-12941	94	2	the	the	DET
fbem-12941	94	3	past	past	ADJ
fbem-12941	94	4	two	two	NUM
fbem-12941	94	5	decades	decade	NOUN
fbem-12941	94	6	,	,	PUNCT
fbem-12941	94	7	the	the	DET
fbem-12941	94	8	yale	yale	PROPN
fbem-12941	94	9	fund	fund	PROPN
fbem-12941	94	10	has	have	AUX
fbem-12941	94	11	grown	grow	VERB
fbem-12941	94	12	at	at	ADP
fbem-12941	94	13	an	an	DET
fbem-12941	94	14	average	average	ADJ
fbem-12941	94	15	annual	annual	ADJ
fbem-12941	94	16	rate	rate	NOUN
fbem-12941	94	17	of	of	ADP
fbem-12941	94	18	13	13	NUM
fbem-12941	94	19	%	%	NOUN
fbem-12941	94	20	,	,	PUNCT
fbem-12941	94	21	and	and	CCONJ
fbem-12941	94	22	the	the	DET
fbem-12941	94	23	fund	fund	NOUN
fbem-12941	94	24	's	's	PART
fbem-12941	94	25	net	net	ADJ
fbem-12941	94	26	worth	worth	NOUN
fbem-12941	94	27	has	have	AUX
fbem-12941	94	28	increased	increase	VERB
fbem-12941	94	29	12	12	NUM
fbem-12941	94	30	-	-	NOUN
fbem-12941	94	31	fold	fold	ADJ
fbem-12941	94	32	,	,	PUNCT
fbem-12941	94	33	which	which	PRON
fbem-12941	94	34	far	far	ADV
fbem-12941	94	35	exceeds	exceed	VERB
fbem-12941	94	36	the	the	DET
fbem-12941	94	37	returns	return	NOUN
fbem-12941	94	38	of	of	ADP
fbem-12941	94	39	other	other	ADJ
fbem-12941	94	40	university	university	NOUN
fbem-12941	94	41	funds	fund	NOUN
fbem-12941	94	42	.	.	PUNCT
fbem-12941	95	1	6.3	6.3	NUM
fbem-12941	95	2	.	.	PUNCT
fbem-12941	96	1	all	all	DET
fbem-12941	96	2	-	-	PUNCT
fbem-12941	96	3	weather	weather	NOUN
fbem-12941	96	4	strategy	strategy	NOUN
fbem-12941	96	5	the	the	DET
fbem-12941	96	6	all	all	DET
fbem-12941	96	7	-	-	PUNCT
fbem-12941	96	8	weather	weather	NOUN
fbem-12941	96	9	strategy	strategy	NOUN
fbem-12941	96	10	aims	aim	VERB
fbem-12941	96	11	to	to	PART
fbem-12941	96	12	allocate	allocate	VERB
fbem-12941	96	13	different	different	ADJ
fbem-12941	96	14	types	type	NOUN
fbem-12941	96	15	of	of	ADP
fbem-12941	96	16	assets	asset	NOUN
fbem-12941	96	17	to	to	ADP
fbem-12941	96	18	different	different	ADJ
fbem-12941	96	19	portfolios	portfolio	NOUN
fbem-12941	96	20	through	through	ADP
fbem-12941	96	21	the	the	DET
fbem-12941	96	22	principle	principle	NOUN
fbem-12941	96	23	of	of	ADP
fbem-12941	96	24	risk	risk	NOUN
fbem-12941	96	25	parity	parity	NOUN
fbem-12941	96	26	to	to	PART
fbem-12941	96	27	achieve	achieve	VERB
fbem-12941	96	28	optimal	optimal	ADJ
fbem-12941	96	29	returns	return	NOUN
fbem-12941	96	30	and	and	CCONJ
fbem-12941	96	31	losses	loss	NOUN
fbem-12941	96	32	.	.	PUNCT
fbem-12941	97	1	moreover	moreover	ADV
fbem-12941	97	2	,	,	PUNCT
fbem-12941	97	3	taking	take	VERB
fbem-12941	97	4	stocks	stock	NOUN
fbem-12941	97	5	and	and	CCONJ
fbem-12941	97	6	bonds	bond	NOUN
fbem-12941	97	7	as	as	ADP
fbem-12941	97	8	an	an	DET
fbem-12941	97	9	example	example	NOUN
fbem-12941	97	10	,	,	PUNCT
fbem-12941	97	11	the	the	DET
fbem-12941	97	12	ratio	ratio	NOUN
fbem-12941	97	13	of	of	ADP
fbem-12941	97	14	the	the	DET
fbem-12941	97	15	two	two	NUM
fbem-12941	97	16	asset	asset	NOUN
fbem-12941	97	17	classes	class	NOUN
fbem-12941	97	18	can	can	AUX
fbem-12941	97	19	reach	reach	VERB
fbem-12941	97	20	50	50	NUM
fbem-12941	97	21	%	%	NOUN
fbem-12941	97	22	if	if	SCONJ
fbem-12941	97	23	equal	equal	ADJ
fbem-12941	97	24	weighting	weighting	NOUN
fbem-12941	97	25	is	be	AUX
fbem-12941	97	26	adopted	adopt	VERB
fbem-12941	97	27	.	.	PUNCT
fbem-12941	98	1	in	in	ADP
fbem-12941	98	2	addition	addition	NOUN
fbem-12941	98	3	,	,	PUNCT
fbem-12941	98	4	considering	consider	VERB
fbem-12941	98	5	the	the	DET
fbem-12941	98	6	risk	risk	NOUN
fbem-12941	98	7	of	of	ADP
fbem-12941	98	8	stocks	stock	NOUN
fbem-12941	98	9	,	,	PUNCT
fbem-12941	98	10	the	the	DET
fbem-12941	98	11	all	all	DET
fbem-12941	98	12	-	-	PUNCT
fbem-12941	98	13	weather	weather	NOUN
fbem-12941	98	14	strategy	strategy	NOUN
fbem-12941	98	15	can	can	AUX
fbem-12941	98	16	effectively	effectively	ADV
fbem-12941	98	17	reduce	reduce	VERB
fbem-12941	98	18	investors	investor	NOUN
fbem-12941	98	19	'	'	PART
fbem-12941	98	20	losses	loss	NOUN
fbem-12941	98	21	.	.	PUNCT
fbem-12941	99	1	by	by	ADP
fbem-12941	99	2	adopting	adopt	VERB
fbem-12941	99	3	a	a	DET
fbem-12941	99	4	risk	risk	NOUN
fbem-12941	99	5	parity	parity	NOUN
fbem-12941	99	6	strategy	strategy	NOUN
fbem-12941	99	7	,	,	PUNCT
fbem-12941	99	8	bridgewater	bridgewater	NOUN
fbem-12941	99	9	associates	associates	PROPN
fbem-12941	99	10	,	,	PUNCT
fbem-12941	99	11	over	over	ADP
fbem-12941	99	12	two	two	NUM
fbem-12941	99	13	decades	decade	NOUN
fbem-12941	99	14	,	,	PUNCT
fbem-12941	99	15	the	the	DET
fbem-12941	99	16	fund	fund	NOUN
fbem-12941	99	17	has	have	AUX
fbem-12941	99	18	been	be	AUX
fbem-12941	99	19	able	able	ADJ
fbem-12941	99	20	to	to	PART
fbem-12941	99	21	achieve	achieve	VERB
fbem-12941	99	22	the	the	DET
fbem-12941	99	23	same	same	ADJ
fbem-12941	99	24	risk	risk	NOUN
fbem-12941	99	25	contribution	contribution	NOUN
fbem-12941	99	26	between	between	ADP
fbem-12941	99	27	equities	equity	NOUN
fbem-12941	99	28	and	and	CCONJ
fbem-12941	99	29	bonds	bond	NOUN
fbem-12941	99	30	,	,	PUNCT
fbem-12941	99	31	thus	thus	ADV
fbem-12941	99	32	minimizing	minimize	VERB
fbem-12941	99	33	risk	risk	NOUN
fbem-12941	99	34	exposure	exposure	NOUN
fbem-12941	99	35	.	.	PUNCT
fbem-12941	100	1	the	the	DET
fbem-12941	100	2	fund	fund	NOUN
fbem-12941	100	3	has	have	AUX
fbem-12941	100	4	delivered	deliver	VERB
fbem-12941	100	5	a	a	DET
fbem-12941	100	6	compound	compound	NOUN
fbem-12941	100	7	annual	annual	ADJ
fbem-12941	100	8	return	return	NOUN
fbem-12941	100	9	of	of	ADP
fbem-12941	100	10	over	over	ADP
fbem-12941	100	11	8	8	NUM
fbem-12941	100	12	%	%	NOUN
fbem-12941	100	13	over	over	ADP
fbem-12941	100	14	two	two	NUM
fbem-12941	100	15	decades	decade	NOUN
fbem-12941	100	16	years	year	NOUN
fbem-12941	100	17	and	and	CCONJ
fbem-12941	100	18	has	have	AUX
fbem-12941	100	19	never	never	ADV
fbem-12941	100	20	experienced	experience	VERB
fbem-12941	100	21	any	any	DET
fbem-12941	100	22	retreats	retreat	NOUN
fbem-12941	100	23	.	.	PUNCT
fbem-12941	101	1	the	the	DET
fbem-12941	101	2	success	success	NOUN
fbem-12941	101	3	of	of	ADP
fbem-12941	101	4	this	this	DET
fbem-12941	101	5	strategy	strategy	NOUN
fbem-12941	101	6	stems	stem	VERB
fbem-12941	101	7	from	from	ADP
fbem-12941	101	8	its	its	PRON
fbem-12941	101	9	ability	ability	NOUN
fbem-12941	101	10	to	to	PART
fbem-12941	101	11	maintain	maintain	VERB
fbem-12941	101	12	a	a	DET
fbem-12941	101	13	more	more	ADV
fbem-12941	101	14	consistent	consistent	ADJ
fbem-12941	101	15	commitment	commitment	NOUN
fbem-12941	101	16	over	over	ADP
fbem-12941	101	17	decades	decade	NOUN
fbem-12941	101	18	.	.	PUNCT
fbem-12941	102	1	it	it	PRON
fbem-12941	102	2	has	have	AUX
fbem-12941	102	3	consistently	consistently	ADV
fbem-12941	102	4	earned	earn	VERB
fbem-12941	102	5	the	the	DET
fbem-12941	102	6	same	same	ADJ
fbem-12941	102	7	rate	rate	NOUN
fbem-12941	102	8	of	of	ADP
fbem-12941	102	9	return	return	NOUN
fbem-12941	102	10	as	as	ADP
fbem-12941	102	11	the	the	DET
fbem-12941	102	12	global	global	ADJ
fbem-12941	102	13	stock	stock	NOUN
fbem-12941	102	14	market	market	NOUN
fbem-12941	102	15	since	since	SCONJ
fbem-12941	102	16	the	the	DET
fbem-12941	102	17	1970s	1970	NOUN
fbem-12941	102	18	,	,	PUNCT
fbem-12941	102	19	and	and	CCONJ
fbem-12941	102	20	it	it	PRON
fbem-12941	102	21	has	have	AUX
fbem-12941	102	22	had	have	VERB
fbem-12941	102	23	half	half	DET
fbem-12941	102	24	the	the	DET
fbem-12941	102	25	maximum	maximum	ADJ
fbem-12941	102	26	retracement	retracement	NOUN
fbem-12941	102	27	rate	rate	NOUN
fbem-12941	102	28	of	of	ADP
fbem-12941	102	29	the	the	DET
fbem-12941	102	30	stock	stock	NOUN
fbem-12941	102	31	market	market	NOUN
fbem-12941	102	32	,	,	PUNCT
fbem-12941	102	33	resulting	result	VERB
fbem-12941	102	34	in	in	ADP
fbem-12941	102	35	excellent	excellent	ADJ
fbem-12941	102	36	volatility	volatility	NOUN
fbem-12941	102	37	and	and	CCONJ
fbem-12941	102	38	sharpe	sharpe	NOUN
fbem-12941	102	39	ratios	ratio	NOUN
fbem-12941	102	40	.	.	PUNCT
fbem-12941	103	1	7	7	X
fbem-12941	103	2	.	.	X
fbem-12941	103	3	conclusions	conclusion	NOUN
fbem-12941	103	4	for	for	ADP
fbem-12941	103	5	investors	investor	NOUN
fbem-12941	103	6	of	of	ADP
fbem-12941	103	7	fof	fof	ADJ
fbem-12941	103	8	funds	fund	NOUN
fbem-12941	103	9	,	,	PUNCT
fbem-12941	103	10	it	it	PRON
fbem-12941	103	11	is	be	AUX
fbem-12941	103	12	very	very	ADV
fbem-12941	103	13	important	important	ADJ
fbem-12941	103	14	to	to	PART
fbem-12941	103	15	understand	understand	VERB
fbem-12941	103	16	and	and	CCONJ
fbem-12941	103	17	master	master	VERB
fbem-12941	103	18	the	the	DET
fbem-12941	103	19	portfolio	portfolio	NOUN
fbem-12941	103	20	strategy	strategy	NOUN
fbem-12941	103	21	of	of	ADP
fbem-12941	103	22	fof	fof	ADJ
fbem-12941	103	23	funds	fund	NOUN
fbem-12941	103	24	.	.	PUNCT
fbem-12941	104	1	firstly	firstly	ADV
fbem-12941	104	2	,	,	PUNCT
fbem-12941	104	3	it	it	PRON
fbem-12941	104	4	is	be	AUX
fbem-12941	104	5	important	important	ADJ
fbem-12941	104	6	to	to	PART
fbem-12941	104	7	clarify	clarify	VERB
fbem-12941	104	8	that	that	SCONJ
fbem-12941	104	9	a	a	DET
fbem-12941	104	10	fof	fof	ADJ
fbem-12941	104	11	fund	fund	NOUN
fbem-12941	104	12	is	be	AUX
fbem-12941	104	13	a	a	DET
fbem-12941	104	14	pooled	pooled	ADJ
fbem-12941	104	15	fund	fund	NOUN
fbem-12941	104	16	,	,	PUNCT
fbem-12941	104	17	which	which	PRON
fbem-12941	104	18	consists	consist	VERB
fbem-12941	104	19	of	of	ADP
fbem-12941	104	20	multiple	multiple	ADJ
fbem-12941	104	21	independent	independent	ADJ
fbem-12941	104	22	funds	fund	NOUN
fbem-12941	104	23	that	that	PRON
fbem-12941	104	24	different	different	ADJ
fbem-12941	104	25	fund	fund	NOUN
fbem-12941	104	26	companies	company	NOUN
fbem-12941	104	27	or	or	CCONJ
fbem-12941	104	28	fund	fund	NOUN
fbem-12941	104	29	managers	manager	NOUN
fbem-12941	104	30	usually	usually	ADV
fbem-12941	104	31	manage	manage	VERB
fbem-12941	104	32	.	.	PUNCT
fbem-12941	105	1	moreover	moreover	ADV
fbem-12941	105	2	,	,	PUNCT
fbem-12941	105	3	since	since	SCONJ
fbem-12941	105	4	the	the	DET
fbem-12941	105	5	fof	fof	PROPN
fbem-12941	105	6	fund	fund	NOUN
fbem-12941	105	7	is	be	AUX
fbem-12941	105	8	composed	compose	VERB
fbem-12941	105	9	of	of	ADP
fbem-12941	105	10	several	several	ADJ
fbem-12941	105	11	independent	independent	ADJ
fbem-12941	105	12	funds	fund	NOUN
fbem-12941	105	13	,	,	PUNCT
fbem-12941	105	14	it	it	PRON
fbem-12941	105	15	has	have	VERB
fbem-12941	105	16	a	a	DET
fbem-12941	105	17	much	much	ADV
fbem-12941	105	18	higher	high	ADJ
fbem-12941	105	19	degree	degree	NOUN
fbem-12941	105	20	of	of	ADP
fbem-12941	105	21	risk	risk	NOUN
fbem-12941	105	22	diversification	diversification	NOUN
fbem-12941	105	23	than	than	ADP
fbem-12941	105	24	a	a	DET
fbem-12941	105	25	single	single	ADJ
fbem-12941	105	26	fund	fund	NOUN
fbem-12941	105	27	.	.	PUNCT
fbem-12941	106	1	in	in	ADP
fbem-12941	106	2	addition	addition	NOUN
fbem-12941	106	3	,	,	PUNCT
fbem-12941	106	4	fof	fof	ADJ
fbem-12941	106	5	funds	fund	NOUN
fbem-12941	106	6	can	can	AUX
fbem-12941	106	7	achieve	achieve	VERB
fbem-12941	106	8	better	well	ADJ
fbem-12941	106	9	asset	asset	NOUN
fbem-12941	106	10	allocation	allocation	NOUN
fbem-12941	106	11	results	result	NOUN
fbem-12941	106	12	,	,	PUNCT
fbem-12941	106	13	thus	thus	ADV
fbem-12941	106	14	improving	improve	VERB
fbem-12941	106	15	the	the	DET
fbem-12941	106	16	risk	risk	NOUN
fbem-12941	106	17	-	-	PUNCT
fbem-12941	106	18	return	return	NOUN
fbem-12941	106	19	ratio	ratio	NOUN
fbem-12941	106	20	for	for	ADP
fbem-12941	106	21	investors	investor	NOUN
fbem-12941	106	22	.	.	PUNCT
fbem-12941	107	1	therefore	therefore	ADV
fbem-12941	107	2	,	,	PUNCT
fbem-12941	107	3	to	to	PART
fbem-12941	107	4	better	well	ADV
fbem-12941	107	5	understand	understand	VERB
fbem-12941	107	6	the	the	DET
fbem-12941	107	7	portfolio	portfolio	NOUN
fbem-12941	107	8	strategy	strategy	NOUN
fbem-12941	107	9	of	of	ADP
fbem-12941	107	10	fof	fof	ADJ
fbem-12941	107	11	funds	fund	NOUN
fbem-12941	107	12	,	,	PUNCT
fbem-12941	107	13	in	in	ADP
fbem-12941	107	14	-	-	PUNCT
fbem-12941	107	15	depth	depth	NOUN
fbem-12941	107	16	research	research	NOUN
fbem-12941	107	17	,	,	PUNCT
fbem-12941	107	18	and	and	CCONJ
fbem-12941	107	19	analysis	analysis	NOUN
fbem-12941	107	20	are	be	AUX
fbem-12941	107	21	needed	need	VERB
fbem-12941	107	22	.	.	PUNCT
fbem-12941	108	1	specifically	specifically	ADV
fbem-12941	108	2	,	,	PUNCT
fbem-12941	108	3	it	it	PRON
fbem-12941	108	4	can	can	AUX
fbem-12941	108	5	start	start	VERB
fbem-12941	108	6	from	from	ADP
fbem-12941	108	7	the	the	DET
fbem-12941	108	8	following	following	ADJ
fbem-12941	108	9	aspects	aspect	NOUN
fbem-12941	108	10	:	:	PUNCT
fbem-12941	108	11	firstly	firstly	ADV
fbem-12941	108	12	,	,	PUNCT
fbem-12941	108	13	selecting	select	VERB
fbem-12941	108	14	suitable	suitable	ADJ
fbem-12941	108	15	independent	independent	ADJ
fbem-12941	108	16	funds	fund	NOUN
fbem-12941	108	17	as	as	ADP
fbem-12941	108	18	the	the	DET
fbem-12941	108	19	basis	basis	NOUN
fbem-12941	108	20	of	of	ADP
fbem-12941	108	21	fof	fof	ADJ
fbem-12941	108	22	funds	fund	NOUN
fbem-12941	108	23	;	;	PUNCT
fbem-12941	108	24	secondly	secondly	ADV
fbem-12941	108	25	,	,	PUNCT
fbem-12941	108	26	reasonably	reasonably	ADV
fbem-12941	108	27	allocating	allocate	VERB
fbem-12941	108	28	the	the	DET
fbem-12941	108	29	proportion	proportion	NOUN
fbem-12941	108	30	of	of	ADP
fbem-12941	108	31	funds	fund	NOUN
fbem-12941	108	32	;	;	PUNCT
fbem-12941	108	33	thirdly	thirdly	ADV
fbem-12941	108	34	,	,	PUNCT
fbem-12941	108	35	reasonably	reasonably	ADV
fbem-12941	108	36	screening	screen	VERB
fbem-12941	108	37	and	and	CCONJ
fbem-12941	108	38	evaluating	evaluate	VERB
fbem-12941	108	39	different	different	ADJ
fbem-12941	108	40	types	type	NOUN
fbem-12941	108	41	of	of	ADP
fbem-12941	108	42	independent	independent	ADJ
fbem-12941	108	43	funds	fund	NOUN
fbem-12941	108	44	;	;	PUNCT
fbem-12941	108	45	fourthly	fourthly	ADV
fbem-12941	108	46	,	,	PUNCT
fbem-12941	108	47	adjusting	adjust	VERB
fbem-12941	108	48	and	and	CCONJ
fbem-12941	108	49	optimizing	optimize	VERB
fbem-12941	108	50	the	the	DET
fbem-12941	108	51	portfolio	portfolio	NOUN
fbem-12941	108	52	in	in	ADP
fbem-12941	108	53	time	time	NOUN
fbem-12941	108	54	during	during	ADP
fbem-12941	108	55	the	the	DET
fbem-12941	108	56	investment	investment	NOUN
fbem-12941	108	57	process	process	NOUN
fbem-12941	108	58	.	.	PUNCT
fbem-12941	109	1	in	in	ADP
fbem-12941	109	2	conclusion	conclusion	NOUN
fbem-12941	109	3	,	,	PUNCT
fbem-12941	109	4	the	the	DET
fbem-12941	109	5	portfolio	portfolio	NOUN
fbem-12941	109	6	strategy	strategy	NOUN
fbem-12941	109	7	of	of	ADP
fbem-12941	109	8	fof	fof	ADJ
fbem-12941	109	9	funds	fund	NOUN
fbem-12941	109	10	is	be	AUX
fbem-12941	109	11	a	a	DET
fbem-12941	109	12	complex	complex	ADJ
fbem-12941	109	13	process	process	NOUN
fbem-12941	109	14	that	that	PRON
fbem-12941	109	15	requires	require	VERB
fbem-12941	109	16	adequate	adequate	ADJ
fbem-12941	109	17	research	research	NOUN
fbem-12941	109	18	and	and	CCONJ
fbem-12941	109	19	thought	think	VERB
fbem-12941	109	20	to	to	PART
fbem-12941	109	21	get	get	VERB
fbem-12941	109	22	the	the	DET
fbem-12941	109	23	best	good	ADJ
fbem-12941	109	24	results	result	NOUN
fbem-12941	109	25	.	.	PUNCT
fbem-12941	110	1	references	reference	NOUN
fbem-12941	110	2	[	[	X
fbem-12941	110	3	1	1	NUM
fbem-12941	110	4	]	]	PUNCT
fbem-12941	110	5	chen	chen	PROPN
fbem-12941	110	6	qianwen	qianwen	PROPN
fbem-12941	110	7	,	,	PUNCT
fbem-12941	110	8	hu	hu	PROPN
fbem-12941	110	9	yue.fof	yue.fof	PROPN
fbem-12941	110	10	holdings	holding	NOUN
fbem-12941	110	11	and	and	CCONJ
fbem-12941	110	12	fund	fund	NOUN
fbem-12941	110	13	managers	manager	NOUN
fbem-12941	110	14	'	'	PART
fbem-12941	110	15	investment	investment	NOUN
fbem-12941	110	16	management	management	NOUN
fbem-12941	110	17	ability[j	ability[j	NOUN
fbem-12941	110	18	]	]	PUNCT
fbem-12941	110	19	.	.	PUNCT
fbem-12941	111	1	new	new	ADJ
fbem-12941	111	2	finance,2022(04):5763	finance,2022(04):5763	PROPN
fbem-12941	111	3	.	.	PUNCT
fbem-12941	112	1	[	[	X
fbem-12941	112	2	2	2	X
fbem-12941	112	3	]	]	X
fbem-12941	112	4	liu	liu	PROPN
fbem-12941	112	5	zhen	zhen	PROPN
fbem-12941	112	6	,	,	PUNCT
fbem-12941	112	7	fu	fu	PROPN
fbem-12941	112	8	liang	liang	PROPN
fbem-12941	112	9	.	.	PUNCT
fbem-12941	113	1	research	research	NOUN
fbem-12941	113	2	on	on	ADP
fbem-12941	113	3	the	the	DET
fbem-12941	113	4	evaluation	evaluation	NOUN
fbem-12941	113	5	of	of	ADP
fbem-12941	113	6	investment	investment	NOUN
fbem-12941	113	7	elements	element	NOUN
fbem-12941	113	8	of	of	ADP
fbem-12941	113	9	private	private	ADJ
fbem-12941	113	10	equity	equity	NOUN
fbem-12941	113	11	master	master	NOUN
fbem-12941	113	12	funds[j	funds[j	PROPN
fbem-12941	113	13	]	]	PUNCT
fbem-12941	113	14	.	.	PUNCT
fbem-12941	114	1	investment	investment	NOUN
fbem-12941	114	2	and	and	CCONJ
fbem-12941	114	3	entrepreneurship,2023,34(05):7	entrepreneurship,2023,34(05):7	NOUN
fbem-12941	114	4	-	-	PUNCT
fbem-12941	114	5	9	9	NUM
fbem-12941	114	6	.	.	PUNCT
fbem-12941	115	1	[	[	X
fbem-12941	115	2	3	3	X
fbem-12941	115	3	]	]	X
fbem-12941	115	4	hao	hao	PROPN
fbem-12941	115	5	peng	peng	PROPN
fbem-12941	115	6	.	.	PUNCT
fbem-12941	116	1	a	a	DET
fbem-12941	116	2	strategic	strategic	ADJ
fbem-12941	116	3	study	study	NOUN
fbem-12941	116	4	of	of	ADP
fbem-12941	116	5	fund	fund	NOUN
fbem-12941	116	6	companies	company	NOUN
fbem-12941	116	7	'	'	PART
fbem-12941	116	8	layout	layout	NOUN
fbem-12941	116	9	of	of	ADP
fbem-12941	116	10	fof	fof	ADJ
fbem-12941	116	11	products	product	NOUN
fbem-12941	116	12	[	[	X
fbem-12941	116	13	j	j	X
fbem-12941	116	14	]	]	X
fbem-12941	116	15	.	.	PUNCT
fbem-12941	117	1	special	special	ADJ
fbem-12941	117	2	economic	economic	ADJ
fbem-12941	117	3	zone,2014(08):122	zone,2014(08):122	NOUN
fbem-12941	117	4	-	-	PUNCT
fbem-12941	117	5	126	126	NUM
fbem-12941	117	6	.	.	PUNCT
fbem-12941	118	1	[	[	X
fbem-12941	118	2	4	4	NUM
fbem-12941	118	3	]	]	SYM
fbem-12941	118	4	wu	wu	PROPN
fbem-12941	118	5	,	,	PUNCT
fbem-12941	118	6	feng'e	feng'e	PROPN
fbem-12941	118	7	.	.	PUNCT
fbem-12941	119	1	a	a	DET
fbem-12941	119	2	study	study	NOUN
fbem-12941	119	3	of	of	ADP
fbem-12941	119	4	private	private	ADJ
fbem-12941	119	5	equity	equity	NOUN
fbem-12941	119	6	fof	fof	NOUN
fbem-12941	119	7	venture	venture	NOUN
fbem-12941	119	8	financing	financing	NOUN
fbem-12941	119	9	[	[	X
fbem-12941	119	10	j	j	X
fbem-12941	119	11	]	]	X
fbem-12941	119	12	.	.	PUNCT
fbem-12941	120	1	business	business	NOUN
fbem-12941	120	2	culture,2020(09):30	culture,2020(09):30	NOUN
fbem-12941	120	3	-	-	X
fbem-12941	120	4	31	31	NUM
fbem-12941	120	5	.	.	PUNCT
fbem-12941	121	1	[	[	X
fbem-12941	121	2	5	5	X
fbem-12941	121	3	]	]	PUNCT
fbem-12941	121	4	zhang	zhang	PROPN
fbem-12941	121	5	yingli	yingli	NOUN
fbem-12941	121	6	.	.	PUNCT
fbem-12941	122	1	research	research	NOUN
fbem-12941	122	2	on	on	ADP
fbem-12941	122	3	performance	performance	NOUN
fbem-12941	122	4	evaluation	evaluation	NOUN
fbem-12941	122	5	of	of	ADP
fbem-12941	122	6	fof	fof	ADJ
fbem-12941	122	7	funds	fund	NOUN
fbem-12941	123	1	[	[	X
fbem-12941	123	2	d	d	X
fbem-12941	123	3	]	]	X
fbem-12941	123	4	.	.	PUNCT
fbem-12941	124	1	zhejiang	zhejiang	PROPN
fbem-12941	124	2	university	university	PROPN
fbem-12941	124	3	,	,	PUNCT
fbem-12941	124	4	2022	2022	NUM
fbem-12941	124	5	.	.	PUNCT
fbem-12941	125	1	doi:10.27461	doi:10.27461	NOUN
fbem-12941	125	2	/	/	SYM
fbem-12941	125	3	d.cnki.gzjdx.2022.000471	d.cnki.gzjdx.2022.000471	NOUN
fbem-12941	125	4	.	.	PUNCT
fbem-12941	126	1	[	[	X
fbem-12941	126	2	6	6	NUM
fbem-12941	126	3	]	]	X
fbem-12941	126	4	shu	shu	PROPN
fbem-12941	126	5	hui	hui	PROPN
fbem-12941	126	6	.	.	PUNCT
fbem-12941	127	1	research	research	NOUN
fbem-12941	127	2	on	on	ADP
fbem-12941	127	3	optimization	optimization	NOUN
fbem-12941	127	4	of	of	ADP
fbem-12941	127	5	internal	internal	ADJ
fbem-12941	127	6	control	control	NOUN
fbem-12941	127	7	of	of	ADP
fbem-12941	127	8	fof	fof	PROPN
fbem-12941	127	9	fund	fund	PROPN
fbem-12941	127	10	investment	investment	NOUN
fbem-12941	127	11	management	management	NOUN
fbem-12941	127	12	in	in	ADP
fbem-12941	127	13	s	s	PROPN
fbem-12941	127	14	company[d	company[d	NOUN
fbem-12941	127	15	]	]	PUNCT
fbem-12941	127	16	.	.	PUNCT
fbem-12941	128	1	east	east	PROPN
fbem-12941	128	2	china	china	PROPN
fbem-12941	128	3	normal	normal	ADJ
fbem-12941	128	4	university	university	NOUN
fbem-12941	128	5	,	,	PUNCT
fbem-12941	128	6	2022	2022	NUM
fbem-12941	128	7	.	.	PUNCT
fbem-12941	129	1	doi:10.27149	doi:10.27149	ADJ
fbem-12941	129	2	/	/	SYM
fbem-12941	129	3	d.cnki.ghdsu.2022.002404	d.cnki.ghdsu.2022.002404	NOUN
fbem-12941	129	4	.	.	PUNCT