id	sid	tid	token	lemma	pos
hassl-907	1	1	389	389	NUM
hassl-907	1	2	©	©	PROPN
hassl-907	1	3	2021	2021	NUM
hassl-907	1	4	conscientia	conscientia	PROPN
hassl-907	1	5	beam	beam	PROPN
hassl-907	1	6	.	.	PUNCT
hassl-907	2	1	all	all	DET
hassl-907	2	2	rights	right	NOUN
hassl-907	2	3	reserved	reserve	VERB
hassl-907	2	4	.	.	PUNCT
hassl-907	3	1	does	do	AUX
hassl-907	3	2	an	an	DET
hassl-907	3	3	exchange	exchange	NOUN
hassl-907	3	4	-	-	PUNCT
hassl-907	3	5	traded	trade	VERB
hassl-907	3	6	fund	fund	NOUN
hassl-907	3	7	converge	converge	NOUN
hassl-907	3	8	to	to	ADP
hassl-907	3	9	its	its	PRON
hassl-907	3	10	benchmark	benchmark	NOUN
hassl-907	3	11	in	in	ADP
hassl-907	3	12	the	the	DET
hassl-907	3	13	long	long	ADJ
hassl-907	3	14	run	run	NOUN
hassl-907	3	15	?	?	PUNCT
hassl-907	4	1	evidence	evidence	NOUN
hassl-907	4	2	from	from	ADP
hassl-907	4	3	ishares	ishares	PROPN
hassl-907	4	4	msci	msci	PROPN
hassl-907	4	5	in	in	ADP
hassl-907	4	6	asia	asia	PROPN
hassl-907	4	7	-	-	PUNCT
hassl-907	4	8	pacific	pacific	PROPN
hassl-907	4	9	countries	country	NOUN
hassl-907	4	10	kok	kok	PROPN
hassl-907	4	11	-	-	PUNCT
hassl-907	4	12	leong	leong	PROPN
hassl-907	4	13	yap1	yap1	PROPN
hassl-907	4	14	wee	wee	PROPN
hassl-907	4	15	-	-	PUNCT
hassl-907	4	16	yeap	yeap	PROPN
hassl-907	4	17	lau2	lau2	PROPN
hassl-907	4	18	+	+	CCONJ
hassl-907	4	19	izlin	izlin	PROPN
hassl-907	4	20	ismail3	ismail3	NOUN
hassl-907	4	21	1,3faculty	1,3faculty	NUM
hassl-907	4	22	of	of	ADP
hassl-907	4	23	business	business	NOUN
hassl-907	4	24	and	and	CCONJ
hassl-907	4	25	accountancy	accountancy	NOUN
hassl-907	4	26	,	,	PUNCT
hassl-907	4	27	university	university	PROPN
hassl-907	4	28	of	of	ADP
hassl-907	4	29	malaya	malaya	PROPN
hassl-907	4	30	,	,	PUNCT
hassl-907	4	31	malaysia	malaysia	PROPN
hassl-907	4	32	.	.	PUNCT
hassl-907	5	1	1email	1email	NUM
hassl-907	5	2	:	:	PUNCT
hassl-907	6	1	wallaceyap@hotmail.com	wallaceyap@hotmail.com	X
hassl-907	6	2	3email	3email	NUM
hassl-907	6	3	:	:	PUNCT
hassl-907	6	4	izlin@um.edu.my	izlin@um.edu.my	NOUN
hassl-907	6	5	2faculty	2faculty	NUM
hassl-907	6	6	of	of	ADP
hassl-907	6	7	economics	economic	NOUN
hassl-907	6	8	and	and	CCONJ
hassl-907	6	9	administration	administration	NOUN
hassl-907	6	10	,	,	PUNCT
hassl-907	6	11	university	university	PROPN
hassl-907	6	12	of	of	ADP
hassl-907	6	13	malaya	malaya	PROPN
hassl-907	6	14	,	,	PUNCT
hassl-907	6	15	malaysia	malaysia	PROPN
hassl-907	6	16	.	.	PUNCT
hassl-907	7	1	2email	2email	NUM
hassl-907	7	2	:	:	PUNCT
hassl-907	7	3	wylau@um.edu.my	wylau@um.edu.my	ADJ
hassl-907	7	4	(	(	PUNCT
hassl-907	7	5	+	+	X
hassl-907	7	6	corresponding	corresponding	ADJ
hassl-907	7	7	author	author	NOUN
hassl-907	7	8	)	)	PUNCT
hassl-907	7	9	abstract	abstract	ADJ
hassl-907	7	10	article	article	NOUN
hassl-907	7	11	history	history	NOUN
hassl-907	7	12	received	receive	VERB
hassl-907	7	13	:	:	PUNCT
hassl-907	7	14	3	3	NUM
hassl-907	7	15	august	august	PROPN
hassl-907	7	16	2021	2021	NUM
hassl-907	7	17	revised	revise	VERB
hassl-907	7	18	:	:	PUNCT
hassl-907	7	19	18	18	NUM
hassl-907	7	20	october	october	NOUN
hassl-907	7	21	2021	2021	NUM
hassl-907	7	22	accepted	accept	VERB
hassl-907	7	23	:	:	PUNCT
hassl-907	7	24	5	5	NUM
hassl-907	7	25	november	november	NOUN
hassl-907	7	26	2021	2021	NUM
hassl-907	7	27	published	publish	VERB
hassl-907	7	28	:	:	PUNCT
hassl-907	7	29	7	7	NUM
hassl-907	7	30	december	december	PROPN
hassl-907	7	31	2021	2021	NUM
hassl-907	7	32	keywords	keyword	VERB
hassl-907	7	33	exchange	exchange	NOUN
hassl-907	7	34	-	-	PUNCT
hassl-907	7	35	traded	trade	VERB
hassl-907	7	36	fund	fund	NOUN
hassl-907	7	37	cointegration	cointegration	NOUN
hassl-907	7	38	performance	performance	NOUN
hassl-907	7	39	tracking	tracking	NOUN
hassl-907	7	40	error	error	NOUN
hassl-907	7	41	.	.	PUNCT
hassl-907	8	1	jel	jel	PROPN
hassl-907	8	2	classification	classification	PROPN
hassl-907	8	3	g11	g11	PROPN
hassl-907	8	4	;	;	PUNCT
hassl-907	8	5	g12	g12	NOUN
hassl-907	8	6	;	;	PUNCT
hassl-907	8	7	g14	g14	PROPN
hassl-907	8	8	.	.	PUNCT
hassl-907	9	1	this	this	DET
hassl-907	9	2	study	study	NOUN
hassl-907	9	3	examines	examine	VERB
hassl-907	9	4	the	the	DET
hassl-907	9	5	linkages	linkage	NOUN
hassl-907	9	6	between	between	ADP
hassl-907	9	7	exchange	exchange	NOUN
hassl-907	9	8	-	-	PUNCT
hassl-907	9	9	traded	trade	VERB
hassl-907	9	10	funds	fund	NOUN
hassl-907	9	11	(	(	PUNCT
hassl-907	9	12	etfs	etfs	PROPN
hassl-907	9	13	)	)	PUNCT
hassl-907	9	14	and	and	CCONJ
hassl-907	9	15	their	their	PRON
hassl-907	9	16	benchmark	benchmark	NOUN
hassl-907	9	17	indices	index	NOUN
hassl-907	9	18	from	from	ADP
hassl-907	9	19	2013	2013	NUM
hassl-907	9	20	to	to	ADP
hassl-907	9	21	2019	2019	NUM
hassl-907	9	22	using	use	VERB
hassl-907	9	23	ishares	ishare	NOUN
hassl-907	9	24	msci	msci	PROPN
hassl-907	9	25	of	of	ADP
hassl-907	9	26	ten	ten	NUM
hassl-907	9	27	asia	asia	PROPN
hassl-907	9	28	-	-	PUNCT
hassl-907	9	29	pacific	pacific	ADJ
hassl-907	9	30	countries	country	NOUN
hassl-907	9	31	.	.	PUNCT
hassl-907	10	1	our	our	PRON
hassl-907	10	2	results	result	NOUN
hassl-907	10	3	show	show	VERB
hassl-907	10	4	,	,	PUNCT
hassl-907	10	5	first	first	ADV
hassl-907	10	6	,	,	PUNCT
hassl-907	10	7	that	that	SCONJ
hassl-907	10	8	there	there	PRON
hassl-907	10	9	is	be	VERB
hassl-907	10	10	a	a	DET
hassl-907	10	11	long	long	ADV
hassl-907	10	12	-	-	PUNCT
hassl-907	10	13	run	run	NOUN
hassl-907	10	14	causality	causality	NOUN
hassl-907	10	15	running	run	VERB
hassl-907	10	16	from	from	ADP
hassl-907	10	17	the	the	DET
hassl-907	10	18	benchmark	benchmark	ADJ
hassl-907	10	19	index	index	NOUN
hassl-907	10	20	to	to	ADP
hassl-907	10	21	etfs	etfs	PROPN
hassl-907	10	22	.	.	PUNCT
hassl-907	11	1	these	these	DET
hassl-907	11	2	findings	finding	NOUN
hassl-907	11	3	imply	imply	VERB
hassl-907	11	4	that	that	SCONJ
hassl-907	11	5	etfs	etfs	PROPN
hassl-907	11	6	may	may	AUX
hassl-907	11	7	replicate	replicate	VERB
hassl-907	11	8	the	the	DET
hassl-907	11	9	performance	performance	NOUN
hassl-907	11	10	of	of	ADP
hassl-907	11	11	the	the	DET
hassl-907	11	12	benchmark	benchmark	ADJ
hassl-907	11	13	index	index	NOUN
hassl-907	11	14	over	over	ADP
hassl-907	11	15	the	the	DET
hassl-907	11	16	long	long	ADJ
hassl-907	11	17	run	run	NOUN
hassl-907	11	18	.	.	PUNCT
hassl-907	12	1	second	second	ADV
hassl-907	12	2	,	,	PUNCT
hassl-907	12	3	there	there	PRON
hassl-907	12	4	is	be	VERB
hassl-907	12	5	a	a	DET
hassl-907	12	6	unidirectional	unidirectional	ADJ
hassl-907	12	7	causal	causal	NOUN
hassl-907	12	8	relationship	relationship	NOUN
hassl-907	12	9	from	from	ADP
hassl-907	12	10	etfs	etfs	PROPN
hassl-907	12	11	to	to	ADP
hassl-907	12	12	the	the	DET
hassl-907	12	13	benchmark	benchmark	ADJ
hassl-907	12	14	index	index	NOUN
hassl-907	12	15	in	in	ADP
hassl-907	12	16	the	the	DET
hassl-907	12	17	short	short	ADJ
hassl-907	12	18	run	run	NOUN
hassl-907	12	19	,	,	PUNCT
hassl-907	12	20	which	which	PRON
hassl-907	12	21	indicates	indicate	VERB
hassl-907	12	22	that	that	SCONJ
hassl-907	12	23	benchmark	benchmark	ADJ
hassl-907	12	24	index	index	NOUN
hassl-907	12	25	prices	price	NOUN
hassl-907	12	26	respond	respond	VERB
hassl-907	12	27	to	to	ADP
hassl-907	12	28	the	the	DET
hassl-907	12	29	short	short	ADJ
hassl-907	12	30	-	-	PUNCT
hassl-907	12	31	run	run	NOUN
hassl-907	12	32	changes	change	NOUN
hassl-907	12	33	in	in	ADP
hassl-907	12	34	the	the	DET
hassl-907	12	35	etf	etf	NOUN
hassl-907	12	36	prices	price	NOUN
hassl-907	12	37	when	when	SCONJ
hassl-907	12	38	new	new	ADJ
hassl-907	12	39	information	information	NOUN
hassl-907	12	40	is	be	AUX
hassl-907	12	41	available	available	ADJ
hassl-907	12	42	.	.	PUNCT
hassl-907	13	1	third	third	ADV
hassl-907	13	2	,	,	PUNCT
hassl-907	13	3	there	there	PRON
hassl-907	13	4	is	be	VERB
hassl-907	13	5	a	a	DET
hassl-907	13	6	significant	significant	ADJ
hassl-907	13	7	tracking	tracking	NOUN
hassl-907	13	8	error	error	NOUN
hassl-907	13	9	between	between	ADP
hassl-907	13	10	etfs	etfs	PROPN
hassl-907	13	11	and	and	CCONJ
hassl-907	13	12	the	the	DET
hassl-907	13	13	benchmark	benchmark	NOUN
hassl-907	13	14	index	index	NOUN
hassl-907	13	15	.	.	PUNCT
hassl-907	14	1	this	this	DET
hassl-907	14	2	finding	finding	NOUN
hassl-907	14	3	justifies	justify	VERB
hassl-907	14	4	the	the	DET
hassl-907	14	5	existence	existence	NOUN
hassl-907	14	6	of	of	ADP
hassl-907	14	7	stock	stock	NOUN
hassl-907	14	8	selection	selection	NOUN
hassl-907	14	9	and	and	CCONJ
hassl-907	14	10	market	market	NOUN
hassl-907	14	11	timing	timing	NOUN
hassl-907	14	12	abilities	ability	NOUN
hassl-907	14	13	among	among	ADP
hassl-907	14	14	the	the	DET
hassl-907	14	15	etf	etf	NOUN
hassl-907	14	16	managers	manager	NOUN
hassl-907	14	17	.	.	PUNCT
hassl-907	15	1	lastly	lastly	ADV
hassl-907	15	2	,	,	PUNCT
hassl-907	15	3	fund	fund	NOUN
hassl-907	15	4	managers	manager	NOUN
hassl-907	15	5	add	add	VERB
hassl-907	15	6	value	value	NOUN
hassl-907	15	7	to	to	ADP
hassl-907	15	8	the	the	DET
hassl-907	15	9	etfs	etfs	NOUN
hassl-907	15	10	and	and	CCONJ
hassl-907	15	11	generate	generate	VERB
hassl-907	15	12	better	well	ADV
hassl-907	15	13	than	than	ADP
hassl-907	15	14	the	the	DET
hassl-907	15	15	market	market	NOUN
hassl-907	15	16	returns	return	NOUN
hassl-907	15	17	.	.	PUNCT
hassl-907	16	1	this	this	DET
hassl-907	16	2	paper	paper	NOUN
hassl-907	16	3	provides	provide	VERB
hassl-907	16	4	new	new	ADJ
hassl-907	16	5	evidence	evidence	NOUN
hassl-907	16	6	to	to	PART
hassl-907	16	7	support	support	VERB
hassl-907	16	8	this	this	DET
hassl-907	16	9	new	new	ADJ
hassl-907	16	10	stylized	stylize	VERB
hassl-907	16	11	fact	fact	NOUN
hassl-907	16	12	of	of	ADP
hassl-907	16	13	etfs	etfs	PROPN
hassl-907	16	14	.	.	PUNCT
hassl-907	17	1	contribution	contribution	NOUN
hassl-907	17	2	/	/	SYM
hassl-907	17	3	originality	originality	NOUN
hassl-907	17	4	:	:	PUNCT
hassl-907	17	5	this	this	DET
hassl-907	17	6	study	study	NOUN
hassl-907	17	7	contributes	contribute	VERB
hassl-907	17	8	to	to	ADP
hassl-907	17	9	the	the	DET
hassl-907	17	10	existing	exist	VERB
hassl-907	17	11	literature	literature	NOUN
hassl-907	17	12	on	on	ADP
hassl-907	17	13	whether	whether	SCONJ
hassl-907	17	14	etfs	etfs	PROPN
hassl-907	17	15	replicate	replicate	VERB
hassl-907	17	16	the	the	DET
hassl-907	17	17	performance	performance	NOUN
hassl-907	17	18	of	of	ADP
hassl-907	17	19	the	the	DET
hassl-907	17	20	benchmark	benchmark	ADJ
hassl-907	17	21	index	index	NOUN
hassl-907	17	22	in	in	ADP
hassl-907	17	23	the	the	DET
hassl-907	17	24	long	long	ADJ
hassl-907	17	25	run	run	NOUN
hassl-907	17	26	.	.	PUNCT
hassl-907	18	1	the	the	DET
hassl-907	18	2	findings	finding	NOUN
hassl-907	18	3	of	of	ADP
hassl-907	18	4	long	long	ADJ
hassl-907	18	5	-	-	PUNCT
hassl-907	18	6	run	run	NOUN
hassl-907	18	7	relationships	relationship	NOUN
hassl-907	18	8	between	between	ADP
hassl-907	18	9	etfs	etfs	PROPN
hassl-907	18	10	and	and	CCONJ
hassl-907	18	11	benchmark	benchmark	NOUN
hassl-907	18	12	index	index	NOUN
hassl-907	18	13	prices	price	NOUN
hassl-907	18	14	highlight	highlight	VERB
hassl-907	18	15	the	the	DET
hassl-907	18	16	price	price	NOUN
hassl-907	18	17	discovery	discovery	NOUN
hassl-907	18	18	role	role	NOUN
hassl-907	18	19	of	of	ADP
hassl-907	18	20	etf	etf	NOUN
hassl-907	18	21	,	,	PUNCT
hassl-907	18	22	which	which	PRON
hassl-907	18	23	could	could	AUX
hassl-907	18	24	benefit	benefit	VERB
hassl-907	18	25	benchmark	benchmark	NOUN
hassl-907	18	26	index	index	NOUN
hassl-907	18	27	forecasting	forecasting	NOUN
hassl-907	18	28	.	.	PUNCT
hassl-907	19	1	1	1	X
hassl-907	19	2	.	.	X
hassl-907	19	3	introduction	introduction	NOUN
hassl-907	19	4	since	since	SCONJ
hassl-907	19	5	their	their	PRON
hassl-907	19	6	inception	inception	NOUN
hassl-907	19	7	in	in	ADP
hassl-907	19	8	the	the	DET
hassl-907	19	9	1990s	1990s	NUM
hassl-907	19	10	,	,	PUNCT
hassl-907	19	11	exchange	exchange	NOUN
hassl-907	19	12	-	-	PUNCT
hassl-907	19	13	traded	trade	VERB
hassl-907	19	14	funds	fund	NOUN
hassl-907	19	15	(	(	PUNCT
hassl-907	19	16	etfs	etfs	PROPN
hassl-907	19	17	)	)	PUNCT
hassl-907	19	18	have	have	AUX
hassl-907	19	19	gained	gain	VERB
hassl-907	19	20	popularity	popularity	NOUN
hassl-907	19	21	among	among	ADP
hassl-907	19	22	retail	retail	ADJ
hassl-907	19	23	investors	investor	NOUN
hassl-907	19	24	due	due	ADP
hassl-907	19	25	to	to	ADP
hassl-907	19	26	tax	tax	NOUN
hassl-907	19	27	efficiency	efficiency	NOUN
hassl-907	19	28	and	and	CCONJ
hassl-907	19	29	lower	low	ADJ
hassl-907	19	30	costs	cost	NOUN
hassl-907	19	31	than	than	ADP
hassl-907	19	32	other	other	ADJ
hassl-907	19	33	index	index	NOUN
hassl-907	19	34	-	-	PUNCT
hassl-907	19	35	linked	link	VERB
hassl-907	19	36	products	product	NOUN
hassl-907	19	37	(	(	PUNCT
hassl-907	19	38	broman	broman	NOUN
hassl-907	19	39	,	,	PUNCT
hassl-907	19	40	2016	2016	NUM
hassl-907	19	41	)	)	PUNCT
hassl-907	19	42	.	.	PUNCT
hassl-907	20	1	relevant	relevant	ADJ
hassl-907	20	2	issues	issue	NOUN
hassl-907	20	3	that	that	PRON
hassl-907	20	4	have	have	AUX
hassl-907	20	5	been	be	AUX
hassl-907	20	6	studied	study	VERB
hassl-907	20	7	regarding	regard	VERB
hassl-907	20	8	etfs	etfs	PROPN
hassl-907	20	9	include	include	VERB
hassl-907	20	10	the	the	DET
hassl-907	20	11	price	price	NOUN
hassl-907	20	12	discovery	discovery	NOUN
hassl-907	20	13	process	process	NOUN
hassl-907	20	14	and	and	CCONJ
hassl-907	20	15	information	information	NOUN
hassl-907	20	16	transmission	transmission	NOUN
hassl-907	20	17	of	of	ADP
hassl-907	20	18	etfs	etfs	PROPN
hassl-907	20	19	(	(	PUNCT
hassl-907	20	20	buckle	buckle	PROPN
hassl-907	20	21	,	,	PUNCT
hassl-907	20	22	chen	chen	PROPN
hassl-907	20	23	,	,	PUNCT
hassl-907	20	24	guo	guo	PROPN
hassl-907	20	25	,	,	PUNCT
hassl-907	20	26	&	&	CCONJ
hassl-907	20	27	tong	tong	PROPN
hassl-907	20	28	,	,	PUNCT
hassl-907	20	29	2018	2018	NUM
hassl-907	20	30	;	;	PUNCT
hassl-907	20	31	tse	tse	PROPN
hassl-907	20	32	&	&	CCONJ
hassl-907	20	33	martinez	martinez	PROPN
hassl-907	20	34	,	,	PUNCT
hassl-907	20	35	2007	2007	NUM
hassl-907	20	36	)	)	PUNCT
hassl-907	20	37	,	,	PUNCT
hassl-907	20	38	the	the	DET
hassl-907	20	39	diversification	diversification	NOUN
hassl-907	20	40	benefits	benefit	NOUN
hassl-907	20	41	of	of	ADP
hassl-907	20	42	etfs	etfs	PROPN
hassl-907	20	43	(	(	PUNCT
hassl-907	20	44	gad	gad	PROPN
hassl-907	20	45	&	&	CCONJ
hassl-907	20	46	andrikopoulos	andrikopoulos	PROPN
hassl-907	20	47	,	,	PUNCT
hassl-907	20	48	2019	2019	NUM
hassl-907	20	49	;	;	PUNCT
hassl-907	20	50	neves	neve	NOUN
hassl-907	20	51	,	,	PUNCT
hassl-907	20	52	fernandes	fernande	NOUN
hassl-907	20	53	,	,	PUNCT
hassl-907	20	54	&	&	CCONJ
hassl-907	20	55	martins	martin	NOUN
hassl-907	20	56	,	,	PUNCT
hassl-907	20	57	2019	2019	NUM
hassl-907	20	58	)	)	PUNCT
hassl-907	20	59	,	,	PUNCT
hassl-907	20	60	the	the	DET
hassl-907	20	61	volatility	volatility	NOUN
hassl-907	20	62	forecasting	forecasting	NOUN
hassl-907	20	63	of	of	ADP
hassl-907	20	64	etfs	etfs	PROPN
hassl-907	20	65	(	(	PUNCT
hassl-907	20	66	tseng	tseng	PROPN
hassl-907	20	67	,	,	PUNCT
hassl-907	20	68	lee	lee	PROPN
hassl-907	20	69	,	,	PUNCT
hassl-907	20	70	&	&	CCONJ
hassl-907	20	71	chen	chen	PROPN
hassl-907	20	72	,	,	PUNCT
hassl-907	20	73	2015	2015	NUM
hassl-907	20	74	;	;	PUNCT
hassl-907	20	75	zhu	zhu	PROPN
hassl-907	20	76	,	,	PUNCT
hassl-907	20	77	luo	luo	PROPN
hassl-907	20	78	,	,	PUNCT
hassl-907	20	79	&	&	CCONJ
hassl-907	20	80	jin	jin	PROPN
hassl-907	20	81	,	,	PUNCT
hassl-907	20	82	2019	2019	NUM
hassl-907	20	83	)	)	PUNCT
hassl-907	20	84	,	,	PUNCT
hassl-907	20	85	and	and	CCONJ
hassl-907	20	86	arbitrage	arbitrage	NOUN
hassl-907	20	87	effectiveness	effectiveness	NOUN
hassl-907	20	88	(	(	PUNCT
hassl-907	20	89	hilliard	hilliard	NOUN
hassl-907	20	90	,	,	PUNCT
hassl-907	20	91	2014	2014	NUM
hassl-907	20	92	)	)	PUNCT
hassl-907	20	93	.	.	PUNCT
hassl-907	21	1	the	the	DET
hassl-907	21	2	nature	nature	NOUN
hassl-907	21	3	of	of	ADP
hassl-907	21	4	etfs	etfs	PROPN
hassl-907	21	5	is	be	AUX
hassl-907	21	6	designed	design	VERB
hassl-907	21	7	to	to	PART
hassl-907	21	8	replicate	replicate	VERB
hassl-907	21	9	the	the	DET
hassl-907	21	10	performance	performance	NOUN
hassl-907	21	11	of	of	ADP
hassl-907	21	12	the	the	DET
hassl-907	21	13	benchmark	benchmark	NOUN
hassl-907	21	14	index	index	NOUN
hassl-907	21	15	.	.	PUNCT
hassl-907	22	1	theoretically	theoretically	ADV
hassl-907	22	2	,	,	PUNCT
hassl-907	22	3	etf	etf	NOUN
hassl-907	22	4	prices	price	NOUN
hassl-907	22	5	should	should	AUX
hassl-907	22	6	closely	closely	ADV
hassl-907	22	7	track	track	VERB
hassl-907	22	8	the	the	DET
hassl-907	22	9	fundamentals	fundamental	NOUN
hassl-907	22	10	of	of	ADP
hassl-907	22	11	the	the	DET
hassl-907	22	12	benchmark	benchmark	NOUN
hassl-907	22	13	index	index	NOUN
hassl-907	22	14	,	,	PUNCT
hassl-907	22	15	and	and	CCONJ
hassl-907	22	16	thus	thus	ADV
hassl-907	22	17	,	,	PUNCT
hassl-907	22	18	the	the	DET
hassl-907	22	19	tracking	tracking	NOUN
hassl-907	22	20	error	error	NOUN
hassl-907	22	21	for	for	ADP
hassl-907	22	22	an	an	DET
hassl-907	22	23	etf	etf	NOUN
hassl-907	22	24	should	should	AUX
hassl-907	22	25	be	be	AUX
hassl-907	22	26	zero	zero	NUM
hassl-907	22	27	.	.	PUNCT
hassl-907	23	1	however	however	ADV
hassl-907	23	2	,	,	PUNCT
hassl-907	23	3	the	the	DET
hassl-907	23	4	tracking	tracking	NOUN
hassl-907	23	5	error	error	NOUN
hassl-907	23	6	still	still	ADV
hassl-907	23	7	exists	exist	VERB
hassl-907	23	8	due	due	ADP
hassl-907	23	9	to	to	ADP
hassl-907	23	10	several	several	ADJ
hassl-907	23	11	factors	factor	NOUN
hassl-907	23	12	,	,	PUNCT
hassl-907	23	13	as	as	SCONJ
hassl-907	23	14	dorocáková	dorocáková	NOUN
hassl-907	23	15	(	(	PUNCT
hassl-907	23	16	2017	2017	NUM
hassl-907	23	17	)	)	PUNCT
hassl-907	23	18	mentioned	mention	VERB
hassl-907	23	19	.	.	PUNCT
hassl-907	24	1	another	another	DET
hassl-907	24	2	topical	topical	ADJ
hassl-907	24	3	issue	issue	NOUN
hassl-907	24	4	is	be	AUX
hassl-907	24	5	pricing	price	VERB
hassl-907	24	6	deviation	deviation	NOUN
hassl-907	24	7	and	and	CCONJ
hassl-907	24	8	imbalance	imbalance	NOUN
hassl-907	24	9	between	between	ADP
hassl-907	24	10	etfs	etfs	PROPN
hassl-907	24	11	and	and	CCONJ
hassl-907	24	12	net	net	ADJ
hassl-907	24	13	asset	asset	NOUN
hassl-907	24	14	values	value	NOUN
hassl-907	24	15	(	(	PUNCT
hassl-907	24	16	nav	nav	NOUN
hassl-907	24	17	)	)	PUNCT
hassl-907	24	18	.	.	PUNCT
hassl-907	25	1	according	accord	VERB
hassl-907	25	2	to	to	ADP
hassl-907	25	3	finance	finance	NOUN
hassl-907	25	4	theory	theory	NOUN
hassl-907	25	5	,	,	PUNCT
hassl-907	25	6	the	the	DET
hassl-907	25	7	trading	trading	NOUN
hassl-907	25	8	price	price	NOUN
hassl-907	25	9	of	of	ADP
hassl-907	25	10	an	an	DET
hassl-907	25	11	etf	etf	NOUN
hassl-907	25	12	should	should	AUX
hassl-907	25	13	be	be	AUX
hassl-907	25	14	equivalent	equivalent	ADJ
hassl-907	25	15	to	to	ADP
hassl-907	25	16	the	the	DET
hassl-907	25	17	nav	nav	NOUN
hassl-907	25	18	.	.	PUNCT
hassl-907	26	1	in	in	ADP
hassl-907	26	2	practice	practice	NOUN
hassl-907	26	3	,	,	PUNCT
hassl-907	26	4	the	the	DET
hassl-907	26	5	price	price	NOUN
hassl-907	26	6	of	of	ADP
hassl-907	26	7	an	an	DET
hassl-907	26	8	etf	etf	NOUN
hassl-907	26	9	is	be	AUX
hassl-907	26	10	determined	determine	VERB
hassl-907	26	11	by	by	ADP
hassl-907	26	12	the	the	DET
hassl-907	26	13	interaction	interaction	NOUN
hassl-907	26	14	of	of	ADP
hassl-907	26	15	supply	supply	NOUN
hassl-907	26	16	and	and	CCONJ
hassl-907	26	17	demand	demand	NOUN
hassl-907	26	18	.	.	PUNCT
hassl-907	27	1	it	it	PRON
hassl-907	27	2	does	do	AUX
hassl-907	27	3	not	not	PART
hassl-907	27	4	depend	depend	VERB
hassl-907	27	5	on	on	ADP
hassl-907	27	6	the	the	DET
hassl-907	27	7	nav	nav	NOUN
hassl-907	27	8	of	of	ADP
hassl-907	27	9	the	the	DET
hassl-907	27	10	etf	etf	NOUN
hassl-907	27	11	at	at	ADP
hassl-907	27	12	a	a	DET
hassl-907	27	13	specific	specific	ADJ
hassl-907	27	14	date	date	NOUN
hassl-907	27	15	and	and	CCONJ
hassl-907	27	16	time	time	NOUN
hassl-907	27	17	.	.	PUNCT
hassl-907	28	1	jares	jare	NOUN
hassl-907	28	2	&	&	CCONJ
hassl-907	28	3	lavin	lavin	PROPN
hassl-907	28	4	(	(	PUNCT
hassl-907	28	5	2004	2004	NUM
hassl-907	28	6	)	)	PUNCT
hassl-907	28	7	noticed	notice	VERB
hassl-907	28	8	a	a	DET
hassl-907	28	9	deviation	deviation	NOUN
hassl-907	28	10	between	between	ADP
hassl-907	28	11	etfs	etfs	PROPN
hassl-907	28	12	and	and	CCONJ
hassl-907	28	13	nav	nav	NOUN
hassl-907	28	14	humanities	humanity	NOUN
hassl-907	28	15	and	and	CCONJ
hassl-907	28	16	social	social	ADJ
hassl-907	28	17	sciences	science	NOUN
hassl-907	28	18	letters	letter	NOUN
hassl-907	28	19	2021	2021	NUM
hassl-907	28	20	vol	vol	NOUN
hassl-907	28	21	.	.	PROPN
hassl-907	29	1	9	9	NUM
hassl-907	29	2	,	,	PUNCT
hassl-907	29	3	no	no	INTJ
hassl-907	29	4	.	.	NOUN
hassl-907	29	5	4	4	NUM
hassl-907	29	6	,	,	PUNCT
hassl-907	29	7	pp	pp	ADJ
hassl-907	29	8	.	.	PUNCT
hassl-907	30	1	389	389	NUM
hassl-907	30	2	-	-	SYM
hassl-907	30	3	402	402	NUM
hassl-907	30	4	.	.	PUNCT
hassl-907	31	1	issn(e	issn(e	PROPN
hassl-907	31	2	):	):	PUNCT
hassl-907	31	3	2312	2312	NUM
hassl-907	31	4	-	-	SYM
hassl-907	31	5	4318	4318	NUM
hassl-907	31	6	issn(p	issn(p	NUM
hassl-907	31	7	):	):	PUNCT
hassl-907	31	8	2312	2312	NUM
hassl-907	31	9	-	-	SYM
hassl-907	31	10	5659	5659	NUM
hassl-907	31	11	doi	doi	NOUN
hassl-907	31	12	:	:	PUNCT
hassl-907	31	13	10.18488	10.18488	NUM
hassl-907	31	14	/	/	SYM
hassl-907	31	15	journal.73.2021.94.389.402	journal.73.2021.94.389.402	PROPN
hassl-907	31	16	©	©	PROPN
hassl-907	31	17	2021	2021	NUM
hassl-907	31	18	conscientia	conscientia	PROPN
hassl-907	31	19	beam	beam	PROPN
hassl-907	31	20	.	.	PUNCT
hassl-907	32	1	all	all	DET
hassl-907	32	2	rights	right	NOUN
hassl-907	32	3	reserved	reserve	VERB
hassl-907	32	4	.	.	PUNCT
hassl-907	33	1	https://orcid.org/0000-0002-8830-3772	https://orcid.org/0000-0002-8830-3772	PROPN
hassl-907	33	2	https://orcid.org/0000-0002-3447-9895	https://orcid.org/0000-0002-3447-9895	INTJ
hassl-907	33	3	https://orcid.org/0000-0003-4805-4502	https://orcid.org/0000-0003-4805-4502	INTJ
hassl-907	33	4	mailto:wallaceyap@hotmail.com	mailto:wallaceyap@hotmail.com	X
hassl-907	34	1	mailto:izlin@um.edu.my	mailto:izlin@um.edu.my	PROPN
hassl-907	34	2	mailto:wylau@um.edu.my	mailto:wylau@um.edu.my	PROPN
hassl-907	34	3	https://www.doi.org/10.18488/journal.73.2021.94.389.402	https://www.doi.org/10.18488/journal.73.2021.94.389.402	PROPN
hassl-907	34	4	humanities	humanity	NOUN
hassl-907	34	5	and	and	CCONJ
hassl-907	34	6	social	social	ADJ
hassl-907	34	7	sciences	science	NOUN
hassl-907	34	8	letters	letter	NOUN
hassl-907	34	9	,	,	PUNCT
hassl-907	34	10	2021	2021	NUM
hassl-907	34	11	,	,	PUNCT
hassl-907	34	12	9(4	9(4	NUM
hassl-907	34	13	):	):	PUNCT
hassl-907	34	14	389	389	NUM
hassl-907	34	15	-	-	SYM
hassl-907	34	16	402	402	NUM
hassl-907	34	17	390	390	NUM
hassl-907	34	18	©	©	PROPN
hassl-907	34	19	2021	2021	NUM
hassl-907	34	20	conscientia	conscientia	PROPN
hassl-907	34	21	beam	beam	PROPN
hassl-907	34	22	.	.	PUNCT
hassl-907	35	1	all	all	DET
hassl-907	35	2	rights	right	NOUN
hassl-907	35	3	reserved	reserve	VERB
hassl-907	35	4	.	.	PUNCT
hassl-907	36	1	prices	price	NOUN
hassl-907	36	2	.	.	PUNCT
hassl-907	37	1	marshall	marshall	PROPN
hassl-907	37	2	,	,	PUNCT
hassl-907	37	3	nguyen	nguyen	PROPN
hassl-907	37	4	,	,	PUNCT
hassl-907	37	5	&	&	CCONJ
hassl-907	37	6	visaltanachoti	visaltanachoti	PROPN
hassl-907	37	7	(	(	PUNCT
hassl-907	37	8	2013	2013	NUM
hassl-907	37	9	)	)	PUNCT
hassl-907	37	10	discovered	discover	VERB
hassl-907	37	11	that	that	SCONJ
hassl-907	37	12	etf	etf	NOUN
hassl-907	37	13	prices	price	NOUN
hassl-907	37	14	deviate	deviate	VERB
hassl-907	37	15	significantly	significantly	ADV
hassl-907	37	16	from	from	ADP
hassl-907	37	17	nav	nav	NOUN
hassl-907	37	18	during	during	ADP
hassl-907	37	19	periods	period	NOUN
hassl-907	37	20	of	of	ADP
hassl-907	37	21	market	market	NOUN
hassl-907	37	22	volatility	volatility	NOUN
hassl-907	37	23	.	.	PUNCT
hassl-907	38	1	in	in	ADP
hassl-907	38	2	an	an	DET
hassl-907	38	3	earlier	early	ADJ
hassl-907	38	4	study	study	NOUN
hassl-907	38	5	by	by	ADP
hassl-907	38	6	ackert	ackert	PROPN
hassl-907	38	7	&	&	CCONJ
hassl-907	38	8	tian	tian	PROPN
hassl-907	38	9	(	(	PUNCT
hassl-907	38	10	2008	2008	NUM
hassl-907	38	11	)	)	PUNCT
hassl-907	38	12	,	,	PUNCT
hassl-907	38	13	they	they	PRON
hassl-907	38	14	claimed	claim	VERB
hassl-907	38	15	that	that	SCONJ
hassl-907	38	16	lower	low	ADJ
hassl-907	38	17	liquidity	liquidity	NOUN
hassl-907	38	18	of	of	ADP
hassl-907	38	19	the	the	DET
hassl-907	38	20	etf	etf	NOUN
hassl-907	38	21	fund	fund	NOUN
hassl-907	38	22	will	will	AUX
hassl-907	38	23	lead	lead	VERB
hassl-907	38	24	to	to	ADP
hassl-907	38	25	a	a	DET
hassl-907	38	26	more	more	ADV
hassl-907	38	27	significant	significant	ADJ
hassl-907	38	28	deviation	deviation	NOUN
hassl-907	38	29	between	between	ADP
hassl-907	38	30	etf	etf	NOUN
hassl-907	38	31	and	and	CCONJ
hassl-907	38	32	nav	nav	NOUN
hassl-907	38	33	prices	price	NOUN
hassl-907	38	34	.	.	PUNCT
hassl-907	39	1	piccotti	piccotti	PROPN
hassl-907	39	2	(	(	PUNCT
hassl-907	39	3	2018	2018	NUM
hassl-907	39	4	)	)	PUNCT
hassl-907	39	5	provides	provide	VERB
hassl-907	39	6	evidence	evidence	NOUN
hassl-907	39	7	to	to	PART
hassl-907	39	8	confirm	confirm	VERB
hassl-907	39	9	that	that	SCONJ
hassl-907	39	10	the	the	DET
hassl-907	39	11	etf	etf	NOUN
hassl-907	39	12	tends	tend	VERB
hassl-907	39	13	to	to	PART
hassl-907	39	14	trade	trade	VERB
hassl-907	39	15	at	at	ADP
hassl-907	39	16	a	a	DET
hassl-907	39	17	higher	high	ADJ
hassl-907	39	18	premium	premium	NOUN
hassl-907	39	19	due	due	ADP
hassl-907	39	20	to	to	ADP
hassl-907	39	21	the	the	DET
hassl-907	39	22	liquidity	liquidity	NOUN
hassl-907	39	23	benefits	benefit	NOUN
hassl-907	39	24	.	.	PUNCT
hassl-907	40	1	aber	aber	PROPN
hassl-907	40	2	,	,	PUNCT
hassl-907	40	3	li	li	PROPN
hassl-907	40	4	,	,	PUNCT
hassl-907	40	5	&	&	CCONJ
hassl-907	40	6	can	can	AUX
hassl-907	40	7	(	(	PUNCT
hassl-907	40	8	2009	2009	NUM
hassl-907	40	9	)	)	PUNCT
hassl-907	40	10	discovered	discover	VERB
hassl-907	40	11	that	that	SCONJ
hassl-907	40	12	etfs	etfs	PROPN
hassl-907	40	13	are	be	AUX
hassl-907	40	14	more	more	ADV
hassl-907	40	15	likely	likely	ADJ
hassl-907	40	16	to	to	PART
hassl-907	40	17	trade	trade	VERB
hassl-907	40	18	at	at	ADP
hassl-907	40	19	a	a	DET
hassl-907	40	20	premium	premium	NOUN
hassl-907	40	21	than	than	ADP
hassl-907	40	22	a	a	DET
hassl-907	40	23	discount	discount	NOUN
hassl-907	40	24	.	.	PUNCT
hassl-907	41	1	the	the	DET
hassl-907	41	2	diversification	diversification	NOUN
hassl-907	41	3	benefits	benefit	NOUN
hassl-907	41	4	and	and	CCONJ
hassl-907	41	5	barriers	barrier	NOUN
hassl-907	41	6	to	to	ADP
hassl-907	41	7	foreign	foreign	ADJ
hassl-907	41	8	investment	investment	NOUN
hassl-907	41	9	may	may	AUX
hassl-907	41	10	entice	entice	VERB
hassl-907	41	11	investors	investor	NOUN
hassl-907	41	12	to	to	PART
hassl-907	41	13	pay	pay	VERB
hassl-907	41	14	premiums	premium	NOUN
hassl-907	41	15	for	for	ADP
hassl-907	41	16	etfs	etfs	NOUN
hassl-907	41	17	(	(	PUNCT
hassl-907	41	18	delcoure	delcoure	NOUN
hassl-907	41	19	&	&	CCONJ
hassl-907	41	20	zhong	zhong	PROPN
hassl-907	41	21	,	,	PUNCT
hassl-907	41	22	2007	2007	NUM
hassl-907	41	23	)	)	PUNCT
hassl-907	41	24	.	.	PUNCT
hassl-907	42	1	wong	wong	PROPN
hassl-907	42	2	&	&	CCONJ
hassl-907	42	3	shum	shum	PROPN
hassl-907	42	4	(	(	PUNCT
hassl-907	42	5	2010	2010	NUM
hassl-907	42	6	)	)	PUNCT
hassl-907	42	7	investigated	investigate	VERB
hassl-907	42	8	15	15	NUM
hassl-907	42	9	worldwide	worldwide	ADJ
hassl-907	42	10	etf	etf	NOUN
hassl-907	42	11	performances	performance	NOUN
hassl-907	42	12	across	across	ADP
hassl-907	42	13	bullish	bullish	ADJ
hassl-907	42	14	and	and	CCONJ
hassl-907	42	15	bearish	bearish	ADJ
hassl-907	42	16	markets	market	NOUN
hassl-907	42	17	from	from	ADP
hassl-907	42	18	1999	1999	NUM
hassl-907	42	19	to	to	ADP
hassl-907	42	20	2007	2007	NUM
hassl-907	42	21	.	.	PUNCT
hassl-907	43	1	their	their	PRON
hassl-907	43	2	findings	finding	NOUN
hassl-907	43	3	showed	show	VERB
hassl-907	43	4	that	that	SCONJ
hassl-907	43	5	an	an	DET
hassl-907	43	6	etf	etf	NOUN
hassl-907	43	7	provides	provide	VERB
hassl-907	43	8	better	well	ADJ
hassl-907	43	9	returns	return	NOUN
hassl-907	43	10	in	in	ADP
hassl-907	43	11	a	a	DET
hassl-907	43	12	bullish	bullish	ADJ
hassl-907	43	13	market	market	NOUN
hassl-907	43	14	than	than	ADP
hassl-907	43	15	in	in	ADP
hassl-907	43	16	a	a	DET
hassl-907	43	17	bearish	bearish	ADJ
hassl-907	43	18	market	market	NOUN
hassl-907	43	19	.	.	PUNCT
hassl-907	44	1	meanwhile	meanwhile	ADV
hassl-907	44	2	,	,	PUNCT
hassl-907	44	3	shanmugham	shanmugham	NOUN
hassl-907	44	4	&	&	CCONJ
hassl-907	44	5	zabiulla	zabiulla	PROPN
hassl-907	44	6	(	(	PUNCT
hassl-907	44	7	2012	2012	NUM
hassl-907	44	8	)	)	PUNCT
hassl-907	44	9	found	find	VERB
hassl-907	44	10	that	that	SCONJ
hassl-907	44	11	an	an	DET
hassl-907	44	12	etf	etf	NOUN
hassl-907	44	13	's	's	PART
hassl-907	44	14	alpha	alpha	ADJ
hassl-907	44	15	return	return	NOUN
hassl-907	44	16	in	in	ADP
hassl-907	44	17	a	a	DET
hassl-907	44	18	bearish	bearish	ADJ
hassl-907	44	19	market	market	NOUN
hassl-907	44	20	is	be	AUX
hassl-907	44	21	higher	high	ADJ
hassl-907	44	22	than	than	ADP
hassl-907	44	23	in	in	ADP
hassl-907	44	24	a	a	DET
hassl-907	44	25	bullish	bullish	ADJ
hassl-907	44	26	market	market	NOUN
hassl-907	44	27	.	.	PUNCT
hassl-907	45	1	blitz	blitz	PROPN
hassl-907	45	2	&	&	CCONJ
hassl-907	45	3	huij	huij	PROPN
hassl-907	45	4	(	(	PUNCT
hassl-907	45	5	2012	2012	NUM
hassl-907	45	6	)	)	PUNCT
hassl-907	45	7	found	find	VERB
hassl-907	45	8	that	that	SCONJ
hassl-907	45	9	emerging	emerge	VERB
hassl-907	45	10	market	market	NOUN
hassl-907	45	11	etf	etf	NOUN
hassl-907	45	12	tracking	tracking	NOUN
hassl-907	45	13	errors	error	NOUN
hassl-907	45	14	are	be	AUX
hassl-907	45	15	substantially	substantially	ADV
hassl-907	45	16	higher	high	ADJ
hassl-907	45	17	than	than	ADP
hassl-907	45	18	developed	developed	ADJ
hassl-907	45	19	markets	market	NOUN
hassl-907	45	20	.	.	PUNCT
hassl-907	46	1	likewise	likewise	ADV
hassl-907	46	2	,	,	PUNCT
hassl-907	46	3	khan	khan	PROPN
hassl-907	46	4	,	,	PUNCT
hassl-907	46	5	bacha	bacha	PROPN
hassl-907	46	6	,	,	PUNCT
hassl-907	46	7	&	&	CCONJ
hassl-907	46	8	masih	masih	PROPN
hassl-907	46	9	(	(	PUNCT
hassl-907	46	10	2015	2015	NUM
hassl-907	46	11	)	)	PUNCT
hassl-907	46	12	found	find	VERB
hassl-907	46	13	that	that	SCONJ
hassl-907	46	14	the	the	DET
hassl-907	46	15	etfs	etfs	NOUN
hassl-907	46	16	in	in	ADP
hassl-907	46	17	emerging	emerge	VERB
hassl-907	46	18	markets	market	NOUN
hassl-907	46	19	are	be	AUX
hassl-907	46	20	less	less	ADV
hassl-907	46	21	efficient	efficient	ADJ
hassl-907	46	22	in	in	ADP
hassl-907	46	23	tracking	track	VERB
hassl-907	46	24	the	the	DET
hassl-907	46	25	benchmark	benchmark	NOUN
hassl-907	46	26	index	index	NOUN
hassl-907	46	27	's	's	PART
hassl-907	46	28	performance	performance	NOUN
hassl-907	46	29	and	and	CCONJ
hassl-907	46	30	have	have	VERB
hassl-907	46	31	more	more	ADV
hassl-907	46	32	significant	significant	ADJ
hassl-907	46	33	tracking	tracking	NOUN
hassl-907	46	34	errors	error	NOUN
hassl-907	46	35	than	than	ADP
hassl-907	46	36	etfs	etfs	PROPN
hassl-907	46	37	in	in	ADP
hassl-907	46	38	developed	develop	VERB
hassl-907	46	39	markets	market	NOUN
hassl-907	46	40	.	.	PUNCT
hassl-907	47	1	on	on	ADP
hassl-907	47	2	the	the	DET
hassl-907	47	3	other	other	ADJ
hassl-907	47	4	hand	hand	NOUN
hassl-907	47	5	,	,	PUNCT
hassl-907	47	6	miziołek	miziołek	PROPN
hassl-907	47	7	&	&	CCONJ
hassl-907	47	8	feder	feder	PROPN
hassl-907	47	9	-	-	PUNCT
hassl-907	47	10	sempach	sempach	NOUN
hassl-907	47	11	(	(	PUNCT
hassl-907	47	12	2019	2019	NUM
hassl-907	47	13	)	)	PUNCT
hassl-907	47	14	discovered	discover	VERB
hassl-907	47	15	that	that	SCONJ
hassl-907	47	16	the	the	DET
hassl-907	47	17	14	14	NUM
hassl-907	47	18	etfs	etfs	NOUN
hassl-907	47	19	listed	list	VERB
hassl-907	47	20	on	on	ADP
hassl-907	47	21	european	european	ADJ
hassl-907	47	22	stock	stock	NOUN
hassl-907	47	23	exchanges	exchange	NOUN
hassl-907	47	24	that	that	PRON
hassl-907	47	25	attempt	attempt	VERB
hassl-907	47	26	to	to	PART
hassl-907	47	27	replicate	replicate	VERB
hassl-907	47	28	the	the	DET
hassl-907	47	29	performance	performance	NOUN
hassl-907	47	30	of	of	ADP
hassl-907	47	31	the	the	DET
hassl-907	47	32	msci	msci	NOUN
hassl-907	47	33	emerging	emerge	VERB
hassl-907	47	34	markets	market	NOUN
hassl-907	47	35	index	index	NOUN
hassl-907	47	36	are	be	AUX
hassl-907	47	37	effectively	effectively	ADV
hassl-907	47	38	managed	manage	VERB
hassl-907	47	39	,	,	PUNCT
hassl-907	47	40	as	as	SCONJ
hassl-907	47	41	the	the	DET
hassl-907	47	42	tracking	tracking	NOUN
hassl-907	47	43	error	error	NOUN
hassl-907	47	44	values	value	NOUN
hassl-907	47	45	are	be	AUX
hassl-907	47	46	generally	generally	ADV
hassl-907	47	47	lower	low	ADJ
hassl-907	47	48	.	.	PUNCT
hassl-907	48	1	additionally	additionally	ADV
hassl-907	48	2	,	,	PUNCT
hassl-907	48	3	buetow	buetow	PROPN
hassl-907	48	4	&	&	CCONJ
hassl-907	48	5	henderson	henderson	PROPN
hassl-907	48	6	(	(	PUNCT
hassl-907	48	7	2012	2012	NUM
hassl-907	48	8	)	)	PUNCT
hassl-907	48	9	found	find	VERB
hassl-907	48	10	that	that	SCONJ
hassl-907	48	11	the	the	DET
hassl-907	48	12	etf	etf	NOUN
hassl-907	48	13	closely	closely	ADV
hassl-907	48	14	tracks	track	VERB
hassl-907	48	15	the	the	DET
hassl-907	48	16	benchmark	benchmark	NOUN
hassl-907	48	17	index	index	NOUN
hassl-907	48	18	,	,	PUNCT
hassl-907	48	19	especially	especially	ADV
hassl-907	48	20	for	for	ADP
hassl-907	48	21	a	a	DET
hassl-907	48	22	benchmark	benchmark	ADJ
hassl-907	48	23	index	index	NOUN
hassl-907	48	24	composed	compose	VERB
hassl-907	48	25	of	of	ADP
hassl-907	48	26	liquid	liquid	ADJ
hassl-907	48	27	securities	security	NOUN
hassl-907	48	28	.	.	PUNCT
hassl-907	49	1	rompotis	rompotis	NOUN
hassl-907	49	2	(	(	PUNCT
hassl-907	49	3	2011	2011	NUM
hassl-907	49	4	)	)	PUNCT
hassl-907	49	5	found	find	VERB
hassl-907	49	6	that	that	SCONJ
hassl-907	49	7	the	the	DET
hassl-907	49	8	tracking	track	VERB
hassl-907	49	9	errors	error	NOUN
hassl-907	49	10	of	of	ADP
hassl-907	49	11	etfs	etfs	PROPN
hassl-907	49	12	persist	persist	VERB
hassl-907	49	13	in	in	ADP
hassl-907	49	14	the	the	DET
hassl-907	49	15	short	short	ADJ
hassl-907	49	16	term	term	NOUN
hassl-907	49	17	.	.	PUNCT
hassl-907	50	1	however	however	ADV
hassl-907	50	2	,	,	PUNCT
hassl-907	50	3	etf	etf	NOUN
hassl-907	50	4	and	and	CCONJ
hassl-907	50	5	benchmark	benchmark	NOUN
hassl-907	50	6	index	index	NOUN
hassl-907	50	7	deviation	deviation	NOUN
hassl-907	50	8	generate	generate	VERB
hassl-907	50	9	arbitrage	arbitrage	NOUN
hassl-907	50	10	opportunities	opportunity	NOUN
hassl-907	50	11	(	(	PUNCT
hassl-907	50	12	marshall	marshall	PROPN
hassl-907	50	13	et	et	PROPN
hassl-907	50	14	al	al	PROPN
hassl-907	50	15	.	.	PROPN
hassl-907	50	16	,	,	PUNCT
hassl-907	50	17	2013	2013	NUM
hassl-907	50	18	)	)	PUNCT
hassl-907	50	19	.	.	PUNCT
hassl-907	51	1	further	far	ADV
hassl-907	51	2	,	,	PUNCT
hassl-907	51	3	alam	alam	PROPN
hassl-907	51	4	(	(	PUNCT
hassl-907	51	5	2013	2013	NUM
hassl-907	51	6	)	)	PUNCT
hassl-907	51	7	revealed	reveal	VERB
hassl-907	51	8	that	that	SCONJ
hassl-907	51	9	both	both	CCONJ
hassl-907	51	10	islamic	islamic	ADJ
hassl-907	51	11	and	and	CCONJ
hassl-907	51	12	conventional	conventional	ADJ
hassl-907	51	13	etfs	etfs	NOUN
hassl-907	51	14	could	could	AUX
hassl-907	51	15	outperform	outperform	VERB
hassl-907	51	16	the	the	DET
hassl-907	51	17	benchmark	benchmark	NOUN
hassl-907	51	18	index	index	NOUN
hassl-907	51	19	.	.	PUNCT
hassl-907	52	1	broman	broman	NOUN
hassl-907	52	2	(	(	PUNCT
hassl-907	52	3	2016	2016	NUM
hassl-907	52	4	)	)	PUNCT
hassl-907	52	5	provided	provide	VERB
hassl-907	52	6	further	further	ADJ
hassl-907	52	7	evidence	evidence	NOUN
hassl-907	52	8	of	of	ADP
hassl-907	52	9	mispricing	misprice	VERB
hassl-907	52	10	between	between	ADP
hassl-907	52	11	etf	etf	NOUN
hassl-907	52	12	and	and	CCONJ
hassl-907	52	13	nav	nav	PROPN
hassl-907	52	14	and	and	CCONJ
hassl-907	52	15	suggested	suggest	VERB
hassl-907	52	16	it	it	PRON
hassl-907	52	17	is	be	AUX
hassl-907	52	18	due	due	ADJ
hassl-907	52	19	to	to	ADP
hassl-907	52	20	the	the	DET
hassl-907	52	21	etf	etf	NOUN
hassl-907	52	22	price	price	NOUN
hassl-907	52	23	.	.	PUNCT
hassl-907	53	1	meanwhile	meanwhile	ADV
hassl-907	53	2	,	,	PUNCT
hassl-907	53	3	levy	levy	NOUN
hassl-907	53	4	&	&	CCONJ
hassl-907	53	5	lieberman	lieberman	PROPN
hassl-907	53	6	(	(	PUNCT
hassl-907	53	7	2013	2013	NUM
hassl-907	53	8	)	)	PUNCT
hassl-907	53	9	found	find	VERB
hassl-907	53	10	that	that	SCONJ
hassl-907	53	11	nav	nav	NOUN
hassl-907	53	12	returns	return	NOUN
hassl-907	53	13	mostly	mostly	ADV
hassl-907	53	14	drive	drive	VERB
hassl-907	53	15	the	the	DET
hassl-907	53	16	etf	etf	NOUN
hassl-907	53	17	prices	price	NOUN
hassl-907	53	18	.	.	PUNCT
hassl-907	54	1	delcoure	delcoure	NOUN
hassl-907	54	2	&	&	CCONJ
hassl-907	54	3	zhong	zhong	PROPN
hassl-907	54	4	(	(	PUNCT
hassl-907	54	5	2007	2007	NUM
hassl-907	54	6	)	)	PUNCT
hassl-907	54	7	noticed	notice	VERB
hassl-907	54	8	that	that	SCONJ
hassl-907	54	9	price	price	NOUN
hassl-907	54	10	deviations	deviation	NOUN
hassl-907	54	11	between	between	ADP
hassl-907	54	12	etfs	etfs	PROPN
hassl-907	54	13	and	and	CCONJ
hassl-907	54	14	navs	navs	PROPN
hassl-907	54	15	are	be	AUX
hassl-907	54	16	temporary	temporary	ADJ
hassl-907	54	17	phenomena	phenomenon	NOUN
hassl-907	54	18	,	,	PUNCT
hassl-907	54	19	and	and	CCONJ
hassl-907	54	20	the	the	DET
hassl-907	54	21	price	price	NOUN
hassl-907	54	22	deviations	deviation	NOUN
hassl-907	54	23	tend	tend	VERB
hassl-907	54	24	to	to	PART
hassl-907	54	25	converge	converge	VERB
hassl-907	54	26	to	to	ADP
hassl-907	54	27	zero	zero	NUM
hassl-907	54	28	within	within	ADP
hassl-907	54	29	a	a	DET
hassl-907	54	30	short	short	ADJ
hassl-907	54	31	period	period	NOUN
hassl-907	54	32	.	.	PUNCT
hassl-907	55	1	shanmugham	shanmugham	NOUN
hassl-907	55	2	&	&	CCONJ
hassl-907	55	3	zabiulla	zabiulla	PROPN
hassl-907	55	4	(	(	PUNCT
hassl-907	55	5	2012	2012	NUM
hassl-907	55	6	)	)	PUNCT
hassl-907	55	7	showed	show	VERB
hassl-907	55	8	similar	similar	ADJ
hassl-907	55	9	results	result	NOUN
hassl-907	55	10	that	that	SCONJ
hassl-907	55	11	the	the	DET
hassl-907	55	12	price	price	NOUN
hassl-907	55	13	deviation	deviation	NOUN
hassl-907	55	14	disappears	disappear	VERB
hassl-907	55	15	within	within	ADP
hassl-907	55	16	three	three	NUM
hassl-907	55	17	days	day	NOUN
hassl-907	55	18	due	due	ADP
hassl-907	55	19	to	to	ADP
hassl-907	55	20	the	the	DET
hassl-907	55	21	arbitrage	arbitrage	NOUN
hassl-907	55	22	mechanism	mechanism	NOUN
hassl-907	55	23	.	.	PUNCT
hassl-907	56	1	petajisto	petajisto	PROPN
hassl-907	56	2	(	(	PUNCT
hassl-907	56	3	2017	2017	NUM
hassl-907	56	4	)	)	PUNCT
hassl-907	56	5	observed	observe	VERB
hassl-907	56	6	that	that	SCONJ
hassl-907	56	7	arbitrageurs	arbitrageur	NOUN
hassl-907	56	8	actively	actively	ADV
hassl-907	56	9	use	use	VERB
hassl-907	56	10	the	the	DET
hassl-907	56	11	etf	etf	NOUN
hassl-907	56	12	share	share	NOUN
hassl-907	56	13	creation	creation	NOUN
hassl-907	56	14	and	and	CCONJ
hassl-907	56	15	redemption	redemption	NOUN
hassl-907	56	16	process	process	NOUN
hassl-907	56	17	to	to	PART
hassl-907	56	18	trade	trade	VERB
hassl-907	56	19	against	against	ADP
hassl-907	56	20	the	the	DET
hassl-907	56	21	mispricings	mispricing	NOUN
hassl-907	56	22	between	between	ADP
hassl-907	56	23	etfs	etfs	PROPN
hassl-907	56	24	and	and	CCONJ
hassl-907	56	25	navs	navs	NOUN
hassl-907	56	26	.	.	PUNCT
hassl-907	57	1	generally	generally	ADV
hassl-907	57	2	,	,	PUNCT
hassl-907	57	3	the	the	DET
hassl-907	57	4	level	level	NOUN
hassl-907	57	5	of	of	ADP
hassl-907	57	6	integration	integration	NOUN
hassl-907	57	7	across	across	ADP
hassl-907	57	8	etf	etf	NOUN
hassl-907	57	9	and	and	CCONJ
hassl-907	57	10	benchmark	benchmark	NOUN
hassl-907	57	11	index	index	NOUN
hassl-907	57	12	is	be	AUX
hassl-907	57	13	essential	essential	ADJ
hassl-907	57	14	to	to	ADP
hassl-907	57	15	investors	investor	NOUN
hassl-907	57	16	.	.	PUNCT
hassl-907	58	1	cointegration	cointegration	NOUN
hassl-907	58	2	is	be	AUX
hassl-907	58	3	frequently	frequently	ADV
hassl-907	58	4	used	use	VERB
hassl-907	58	5	to	to	PART
hassl-907	58	6	examine	examine	VERB
hassl-907	58	7	the	the	DET
hassl-907	58	8	degree	degree	NOUN
hassl-907	58	9	of	of	ADP
hassl-907	58	10	interdependence	interdependence	NOUN
hassl-907	58	11	between	between	ADP
hassl-907	58	12	two	two	NUM
hassl-907	58	13	or	or	CCONJ
hassl-907	58	14	more	more	ADV
hassl-907	58	15	closely	closely	ADV
hassl-907	58	16	related	relate	VERB
hassl-907	58	17	financial	financial	ADJ
hassl-907	58	18	markets	market	NOUN
hassl-907	58	19	(	(	PUNCT
hassl-907	58	20	dimpfl	dimpfl	NOUN
hassl-907	58	21	,	,	PUNCT
hassl-907	58	22	2014	2014	NUM
hassl-907	58	23	)	)	PUNCT
hassl-907	58	24	.	.	PUNCT
hassl-907	59	1	the	the	DET
hassl-907	59	2	existence	existence	NOUN
hassl-907	59	3	of	of	ADP
hassl-907	59	4	cointegration	cointegration	NOUN
hassl-907	59	5	between	between	ADP
hassl-907	59	6	etf	etf	NOUN
hassl-907	59	7	and	and	CCONJ
hassl-907	59	8	benchmark	benchmark	NOUN
hassl-907	59	9	index	index	NOUN
hassl-907	59	10	implies	imply	VERB
hassl-907	59	11	that	that	SCONJ
hassl-907	59	12	they	they	PRON
hassl-907	59	13	are	be	AUX
hassl-907	59	14	interdependent	interdependent	ADJ
hassl-907	59	15	.	.	PUNCT
hassl-907	60	1	if	if	SCONJ
hassl-907	60	2	two	two	NUM
hassl-907	60	3	markets	market	NOUN
hassl-907	60	4	move	move	VERB
hassl-907	60	5	together	together	ADV
hassl-907	60	6	over	over	ADP
hassl-907	60	7	a	a	DET
hassl-907	60	8	long	long	ADV
hassl-907	60	9	-	-	PUNCT
hassl-907	60	10	run	run	NOUN
hassl-907	60	11	period	period	NOUN
hassl-907	60	12	,	,	PUNCT
hassl-907	60	13	any	any	DET
hassl-907	60	14	price	price	NOUN
hassl-907	60	15	imbalances	imbalance	NOUN
hassl-907	60	16	that	that	PRON
hassl-907	60	17	arise	arise	VERB
hassl-907	60	18	in	in	ADP
hassl-907	60	19	one	one	NUM
hassl-907	60	20	market	market	NOUN
hassl-907	60	21	would	would	AUX
hassl-907	60	22	be	be	AUX
hassl-907	60	23	corrected	correct	VERB
hassl-907	60	24	in	in	ADP
hassl-907	60	25	the	the	DET
hassl-907	60	26	long	long	ADJ
hassl-907	60	27	run	run	NOUN
hassl-907	60	28	(	(	PUNCT
hassl-907	60	29	sharma	sharma	PROPN
hassl-907	60	30	,	,	PUNCT
hassl-907	60	31	thuraisamy	thuraisamy	ADJ
hassl-907	60	32	,	,	PUNCT
hassl-907	60	33	madyan	madyan	ADJ
hassl-907	60	34	,	,	PUNCT
hassl-907	60	35	&	&	CCONJ
hassl-907	60	36	laila	laila	PROPN
hassl-907	60	37	,	,	PUNCT
hassl-907	60	38	2019	2019	NUM
hassl-907	60	39	)	)	PUNCT
hassl-907	60	40	.	.	PUNCT
hassl-907	61	1	in	in	ADP
hassl-907	61	2	other	other	ADJ
hassl-907	61	3	words	word	NOUN
hassl-907	61	4	,	,	PUNCT
hassl-907	61	5	it	it	PRON
hassl-907	61	6	provides	provide	VERB
hassl-907	61	7	an	an	DET
hassl-907	61	8	opportunity	opportunity	NOUN
hassl-907	61	9	for	for	SCONJ
hassl-907	61	10	the	the	DET
hassl-907	61	11	investor	investor	NOUN
hassl-907	61	12	to	to	PART
hassl-907	61	13	arbitrage	arbitrage	VERB
hassl-907	61	14	the	the	DET
hassl-907	61	15	market	market	NOUN
hassl-907	61	16	.	.	PUNCT
hassl-907	62	1	shin	shin	PROPN
hassl-907	62	2	&	&	CCONJ
hassl-907	62	3	soydemir	soydemir	PROPN
hassl-907	62	4	(	(	PUNCT
hassl-907	62	5	2010	2010	NUM
hassl-907	62	6	)	)	PUNCT
hassl-907	62	7	claimed	claim	VERB
hassl-907	62	8	that	that	SCONJ
hassl-907	62	9	etfs	etfs	PROPN
hassl-907	62	10	are	be	AUX
hassl-907	62	11	less	less	ADV
hassl-907	62	12	efficient	efficient	ADJ
hassl-907	62	13	in	in	ADP
hassl-907	62	14	disseminating	disseminate	VERB
hassl-907	62	15	information	information	NOUN
hassl-907	62	16	and	and	CCONJ
hassl-907	62	17	do	do	AUX
hassl-907	62	18	not	not	PART
hassl-907	62	19	provide	provide	VERB
hassl-907	62	20	significant	significant	ADJ
hassl-907	62	21	investment	investment	NOUN
hassl-907	62	22	benefits	benefit	NOUN
hassl-907	62	23	.	.	PUNCT
hassl-907	63	1	elton	elton	PROPN
hassl-907	63	2	,	,	PUNCT
hassl-907	63	3	gruber	gruber	PROPN
hassl-907	63	4	,	,	PUNCT
hassl-907	63	5	comer	comer	NOUN
hassl-907	63	6	,	,	PUNCT
hassl-907	63	7	&	&	CCONJ
hassl-907	63	8	li	li	PROPN
hassl-907	63	9	(	(	PUNCT
hassl-907	63	10	2002	2002	NUM
hassl-907	63	11	)	)	PUNCT
hassl-907	63	12	,	,	PUNCT
hassl-907	63	13	gastineau	gastineau	PROPN
hassl-907	63	14	(	(	PUNCT
hassl-907	63	15	2004	2004	NUM
hassl-907	63	16	)	)	PUNCT
hassl-907	63	17	,	,	PUNCT
hassl-907	63	18	and	and	CCONJ
hassl-907	63	19	blitz	blitz	PROPN
hassl-907	63	20	,	,	PUNCT
hassl-907	63	21	huij	huij	PROPN
hassl-907	63	22	,	,	PUNCT
hassl-907	63	23	&	&	CCONJ
hassl-907	63	24	swinkels	swinkel	NOUN
hassl-907	63	25	(	(	PUNCT
hassl-907	63	26	2012	2012	NUM
hassl-907	63	27	)	)	PUNCT
hassl-907	63	28	showed	show	VERB
hassl-907	63	29	similar	similar	ADJ
hassl-907	63	30	results	result	NOUN
hassl-907	63	31	–	–	PUNCT
hassl-907	63	32	that	that	SCONJ
hassl-907	63	33	etfs	etfs	NOUN
hassl-907	63	34	underperform	underperform	NOUN
hassl-907	63	35	relative	relative	ADJ
hassl-907	63	36	to	to	ADP
hassl-907	63	37	the	the	DET
hassl-907	63	38	benchmark	benchmark	NOUN
hassl-907	63	39	index	index	NOUN
hassl-907	63	40	.	.	PUNCT
hassl-907	64	1	neves	neves	PROPN
hassl-907	64	2	et	et	PROPN
hassl-907	64	3	al	al	PROPN
hassl-907	64	4	.	.	PROPN
hassl-907	65	1	(	(	PUNCT
hassl-907	65	2	2019	2019	NUM
hassl-907	65	3	)	)	PUNCT
hassl-907	65	4	further	far	ADV
hassl-907	65	5	argued	argue	VERB
hassl-907	65	6	that	that	SCONJ
hassl-907	65	7	the	the	DET
hassl-907	65	8	diversification	diversification	NOUN
hassl-907	65	9	benefit	benefit	VERB
hassl-907	65	10	through	through	ADP
hassl-907	65	11	an	an	DET
hassl-907	65	12	etf	etf	NOUN
hassl-907	65	13	is	be	AUX
hassl-907	65	14	limited	limit	VERB
hassl-907	65	15	,	,	PUNCT
hassl-907	65	16	especially	especially	ADV
hassl-907	65	17	in	in	ADP
hassl-907	65	18	financial	financial	ADJ
hassl-907	65	19	crises	crisis	NOUN
hassl-907	65	20	.	.	PUNCT
hassl-907	66	1	it	it	PRON
hassl-907	66	2	is	be	AUX
hassl-907	66	3	worth	worth	ADJ
hassl-907	66	4	noting	note	VERB
hassl-907	66	5	that	that	SCONJ
hassl-907	66	6	the	the	DET
hassl-907	66	7	previous	previous	ADJ
hassl-907	66	8	studies	study	NOUN
hassl-907	66	9	(	(	PUNCT
hassl-907	66	10	ackert	ackert	PROPN
hassl-907	66	11	&	&	CCONJ
hassl-907	66	12	tian	tian	PROPN
hassl-907	66	13	,	,	PUNCT
hassl-907	66	14	2008	2008	NUM
hassl-907	66	15	;	;	PUNCT
hassl-907	66	16	alam	alam	PROPN
hassl-907	66	17	,	,	PUNCT
hassl-907	66	18	2013	2013	NUM
hassl-907	66	19	;	;	PUNCT
hassl-907	66	20	blitz	blitz	NOUN
hassl-907	66	21	et	et	PROPN
hassl-907	66	22	al	al	PROPN
hassl-907	66	23	.	.	PROPN
hassl-907	66	24	,	,	PUNCT
hassl-907	66	25	2012	2012	NUM
hassl-907	66	26	;	;	PUNCT
hassl-907	66	27	dorocáková	dorocáková	NOUN
hassl-907	66	28	,	,	PUNCT
hassl-907	66	29	2017	2017	NUM
hassl-907	66	30	;	;	PUNCT
hassl-907	66	31	elton	elton	PROPN
hassl-907	66	32	et	et	PROPN
hassl-907	66	33	al	al	PROPN
hassl-907	66	34	.	.	PROPN
hassl-907	66	35	,	,	PUNCT
hassl-907	66	36	2002	2002	NUM
hassl-907	66	37	;	;	PUNCT
hassl-907	66	38	levy	levy	NOUN
hassl-907	66	39	&	&	CCONJ
hassl-907	66	40	lieberman	lieberman	PROPN
hassl-907	66	41	,	,	PUNCT
hassl-907	66	42	2013	2013	NUM
hassl-907	66	43	;	;	PUNCT
hassl-907	66	44	marshall	marshall	PROPN
hassl-907	66	45	et	et	PROPN
hassl-907	66	46	al	al	PROPN
hassl-907	66	47	.	.	PROPN
hassl-907	66	48	,	,	PUNCT
hassl-907	66	49	2013	2013	NUM
hassl-907	66	50	)	)	PUNCT
hassl-907	66	51	primarily	primarily	ADV
hassl-907	66	52	focused	focus	VERB
hassl-907	66	53	on	on	ADP
hassl-907	66	54	the	the	DET
hassl-907	66	55	us	us	PROPN
hassl-907	66	56	or	or	CCONJ
hassl-907	66	57	european	european	ADJ
hassl-907	66	58	markets	market	NOUN
hassl-907	66	59	and	and	CCONJ
hassl-907	66	60	that	that	SCONJ
hassl-907	66	61	little	little	ADJ
hassl-907	66	62	is	be	AUX
hassl-907	66	63	known	know	VERB
hassl-907	66	64	about	about	ADP
hassl-907	66	65	the	the	DET
hassl-907	66	66	behaviour	behaviour	NOUN
hassl-907	66	67	and	and	CCONJ
hassl-907	66	68	the	the	DET
hassl-907	66	69	performance	performance	NOUN
hassl-907	66	70	of	of	ADP
hassl-907	66	71	etfs	etfs	PROPN
hassl-907	66	72	in	in	ADP
hassl-907	66	73	asia	asia	PROPN
hassl-907	66	74	.	.	PUNCT
hassl-907	67	1	yap	yap	PROPN
hassl-907	67	2	,	,	PUNCT
hassl-907	67	3	lau	lau	PROPN
hassl-907	67	4	,	,	PUNCT
hassl-907	67	5	&	&	CCONJ
hassl-907	67	6	ismail	ismail	PROPN
hassl-907	67	7	(	(	PUNCT
hassl-907	67	8	2021	2021	NUM
hassl-907	67	9	)	)	PUNCT
hassl-907	67	10	compared	compare	VERB
hassl-907	67	11	the	the	DET
hassl-907	67	12	difference	difference	NOUN
hassl-907	67	13	between	between	ADP
hassl-907	67	14	islamic	islamic	ADJ
hassl-907	67	15	and	and	CCONJ
hassl-907	67	16	conventional	conventional	ADJ
hassl-907	67	17	exchange	exchange	NOUN
hassl-907	67	18	-	-	PUNCT
hassl-907	67	19	traded	trade	VERB
hassl-907	67	20	funds	fund	NOUN
hassl-907	67	21	.	.	PUNCT
hassl-907	68	1	this	this	DET
hassl-907	68	2	study	study	NOUN
hassl-907	68	3	attempts	attempt	VERB
hassl-907	68	4	to	to	PART
hassl-907	68	5	fill	fill	VERB
hassl-907	68	6	this	this	DET
hassl-907	68	7	gap	gap	NOUN
hassl-907	68	8	by	by	ADP
hassl-907	68	9	providing	provide	VERB
hassl-907	68	10	an	an	DET
hassl-907	68	11	in	in	ADP
hassl-907	68	12	-	-	PUNCT
hassl-907	68	13	depth	depth	NOUN
hassl-907	68	14	analysis	analysis	NOUN
hassl-907	68	15	of	of	ADP
hassl-907	68	16	the	the	DET
hassl-907	68	17	performance	performance	NOUN
hassl-907	68	18	of	of	ADP
hassl-907	68	19	etfs	etfs	PROPN
hassl-907	68	20	and	and	CCONJ
hassl-907	68	21	how	how	SCONJ
hassl-907	68	22	well	well	ADV
hassl-907	68	23	they	they	PRON
hassl-907	68	24	replicate	replicate	VERB
hassl-907	68	25	the	the	DET
hassl-907	68	26	humanities	humanity	NOUN
hassl-907	68	27	and	and	CCONJ
hassl-907	68	28	social	social	ADJ
hassl-907	68	29	sciences	science	NOUN
hassl-907	68	30	letters	letter	NOUN
hassl-907	68	31	,	,	PUNCT
hassl-907	68	32	2021	2021	NUM
hassl-907	68	33	,	,	PUNCT
hassl-907	68	34	9(4	9(4	NUM
hassl-907	68	35	):	):	PUNCT
hassl-907	68	36	389	389	NUM
hassl-907	68	37	-	-	SYM
hassl-907	68	38	402	402	NUM
hassl-907	68	39	391	391	NUM
hassl-907	68	40	©	©	PROPN
hassl-907	68	41	2021	2021	NUM
hassl-907	68	42	conscientia	conscientia	PROPN
hassl-907	68	43	beam	beam	PROPN
hassl-907	68	44	.	.	PUNCT
hassl-907	69	1	all	all	DET
hassl-907	69	2	rights	right	NOUN
hassl-907	69	3	reserved	reserve	VERB
hassl-907	69	4	.	.	PUNCT
hassl-907	70	1	benchmark	benchmark	PROPN
hassl-907	70	2	index	index	NOUN
hassl-907	70	3	.	.	PUNCT
hassl-907	71	1	in	in	ADP
hassl-907	71	2	addition	addition	NOUN
hassl-907	71	3	,	,	PUNCT
hassl-907	71	4	the	the	DET
hassl-907	71	5	cointegration	cointegration	NOUN
hassl-907	71	6	relationship	relationship	NOUN
hassl-907	71	7	between	between	ADP
hassl-907	71	8	etfs	etfs	PROPN
hassl-907	71	9	and	and	CCONJ
hassl-907	71	10	the	the	DET
hassl-907	71	11	benchmark	benchmark	NOUN
hassl-907	71	12	index	index	NOUN
hassl-907	71	13	is	be	AUX
hassl-907	71	14	examined	examine	VERB
hassl-907	71	15	to	to	PART
hassl-907	71	16	understand	understand	VERB
hassl-907	71	17	the	the	DET
hassl-907	71	18	patterns	pattern	NOUN
hassl-907	71	19	of	of	ADP
hassl-907	71	20	interaction	interaction	NOUN
hassl-907	71	21	between	between	ADP
hassl-907	71	22	the	the	DET
hassl-907	71	23	two	two	NUM
hassl-907	71	24	.	.	PUNCT
hassl-907	72	1	2	2	X
hassl-907	72	2	.	.	X
hassl-907	72	3	data	datum	NOUN
hassl-907	72	4	and	and	CCONJ
hassl-907	72	5	methodology	methodology	NOUN
hassl-907	72	6	the	the	DET
hassl-907	72	7	first	first	ADJ
hassl-907	72	8	part	part	NOUN
hassl-907	72	9	of	of	ADP
hassl-907	72	10	the	the	DET
hassl-907	72	11	methodology	methodology	NOUN
hassl-907	72	12	examines	examine	VERB
hassl-907	72	13	the	the	DET
hassl-907	72	14	cointegration	cointegration	NOUN
hassl-907	72	15	between	between	ADP
hassl-907	72	16	the	the	DET
hassl-907	72	17	etf	etf	NOUN
hassl-907	72	18	and	and	CCONJ
hassl-907	72	19	benchmark	benchmark	NOUN
hassl-907	72	20	index	index	NOUN
hassl-907	72	21	prices	price	NOUN
hassl-907	72	22	.	.	PUNCT
hassl-907	73	1	the	the	DET
hassl-907	73	2	second	second	ADJ
hassl-907	73	3	part	part	NOUN
hassl-907	73	4	examines	examine	VERB
hassl-907	73	5	the	the	DET
hassl-907	73	6	annualized	annualize	VERB
hassl-907	73	7	holding	hold	VERB
hassl-907	73	8	period	period	NOUN
hassl-907	73	9	return	return	NOUN
hassl-907	73	10	,	,	PUNCT
hassl-907	73	11	sharpe	sharpe	PROPN
hassl-907	73	12	ratio	ratio	PROPN
hassl-907	73	13	,	,	PUNCT
hassl-907	73	14	jensen	jensen	PROPN
hassl-907	73	15	's	's	PART
hassl-907	73	16	alpha	alpha	NOUN
hassl-907	73	17	,	,	PUNCT
hassl-907	73	18	tracking	tracking	NOUN
hassl-907	73	19	error	error	NOUN
hassl-907	73	20	,	,	PUNCT
hassl-907	73	21	and	and	CCONJ
hassl-907	73	22	premiums	premium	NOUN
hassl-907	73	23	/	/	SYM
hassl-907	73	24	discounts	discount	NOUN
hassl-907	73	25	associated	associate	VERB
hassl-907	73	26	with	with	ADP
hassl-907	73	27	the	the	DET
hassl-907	73	28	etf	etf	NOUN
hassl-907	73	29	.	.	PUNCT
hassl-907	74	1	this	this	DET
hassl-907	74	2	study	study	NOUN
hassl-907	74	3	uses	use	VERB
hassl-907	74	4	etfs	etfs	PROPN
hassl-907	74	5	from	from	ADP
hassl-907	74	6	ten	ten	NUM
hassl-907	74	7	asia	asia	PROPN
hassl-907	74	8	-	-	PUNCT
hassl-907	74	9	pacific	pacific	ADJ
hassl-907	74	10	countries	country	NOUN
hassl-907	74	11	,	,	PUNCT
hassl-907	74	12	namely	namely	ADV
hassl-907	74	13	australia	australia	PROPN
hassl-907	74	14	,	,	PUNCT
hassl-907	74	15	china	china	PROPN
hassl-907	74	16	,	,	PUNCT
hassl-907	74	17	hong	hong	PROPN
hassl-907	74	18	kong	kong	PROPN
hassl-907	74	19	,	,	PUNCT
hassl-907	74	20	india	india	PROPN
hassl-907	74	21	,	,	PUNCT
hassl-907	74	22	japan	japan	PROPN
hassl-907	74	23	,	,	PUNCT
hassl-907	74	24	korea	korea	PROPN
hassl-907	74	25	,	,	PUNCT
hassl-907	74	26	new	new	PROPN
hassl-907	74	27	zealand	zealand	PROPN
hassl-907	74	28	,	,	PUNCT
hassl-907	74	29	singapore	singapore	PROPN
hassl-907	74	30	,	,	PUNCT
hassl-907	74	31	taiwan	taiwan	PROPN
hassl-907	74	32	,	,	PUNCT
hassl-907	74	33	and	and	CCONJ
hassl-907	74	34	thailand	thailand	PROPN
hassl-907	74	35	.	.	PUNCT
hassl-907	75	1	all	all	DET
hassl-907	75	2	the	the	DET
hassl-907	75	3	etfs	etfs	PROPN
hassl-907	75	4	are	be	AUX
hassl-907	75	5	from	from	ADP
hassl-907	75	6	ishares	ishares	PROPN
hassl-907	75	7	msci	msci	PROPN
hassl-907	75	8	.	.	PUNCT
hassl-907	76	1	each	each	DET
hassl-907	76	2	etf	etf	NOUN
hassl-907	76	3	is	be	AUX
hassl-907	76	4	used	use	VERB
hassl-907	76	5	as	as	ADP
hassl-907	76	6	a	a	DET
hassl-907	76	7	proxy	proxy	NOUN
hassl-907	76	8	for	for	ADP
hassl-907	76	9	the	the	DET
hassl-907	76	10	respective	respective	ADJ
hassl-907	76	11	etf	etf	NOUN
hassl-907	76	12	of	of	ADP
hassl-907	76	13	the	the	DET
hassl-907	76	14	country	country	NOUN
hassl-907	76	15	.	.	PUNCT
hassl-907	77	1	table	table	NOUN
hassl-907	77	2	1	1	NUM
hassl-907	77	3	describes	describe	VERB
hassl-907	77	4	the	the	DET
hassl-907	77	5	data	datum	NOUN
hassl-907	77	6	and	and	CCONJ
hassl-907	77	7	their	their	PRON
hassl-907	77	8	sources	source	NOUN
hassl-907	77	9	.	.	PUNCT
hassl-907	78	1	it	it	PRON
hassl-907	78	2	can	can	AUX
hassl-907	78	3	be	be	AUX
hassl-907	78	4	observed	observe	VERB
hassl-907	78	5	from	from	ADP
hassl-907	78	6	the	the	DET
hassl-907	78	7	dataset	dataset	NOUN
hassl-907	78	8	that	that	PRON
hassl-907	78	9	each	each	DET
hassl-907	78	10	etf	etf	NOUN
hassl-907	78	11	starts	start	VERB
hassl-907	78	12	at	at	ADP
hassl-907	78	13	different	different	ADJ
hassl-907	78	14	dates	date	NOUN
hassl-907	78	15	.	.	PUNCT
hassl-907	79	1	the	the	DET
hassl-907	79	2	first	first	ADJ
hassl-907	79	3	trading	trading	NOUN
hassl-907	79	4	day	day	NOUN
hassl-907	79	5	in	in	ADP
hassl-907	79	6	2013	2013	NUM
hassl-907	79	7	is	be	AUX
hassl-907	79	8	used	use	VERB
hassl-907	79	9	as	as	ADP
hassl-907	79	10	a	a	DET
hassl-907	79	11	means	means	NOUN
hassl-907	79	12	to	to	PART
hassl-907	79	13	standardize	standardize	VERB
hassl-907	79	14	the	the	DET
hassl-907	79	15	study	study	NOUN
hassl-907	79	16	period	period	NOUN
hassl-907	79	17	.	.	PUNCT
hassl-907	80	1	hence	hence	ADV
hassl-907	80	2	,	,	PUNCT
hassl-907	80	3	daily	daily	ADJ
hassl-907	80	4	prices	price	NOUN
hassl-907	80	5	from	from	ADP
hassl-907	80	6	january	january	PROPN
hassl-907	80	7	2	2	NUM
hassl-907	80	8	,	,	PUNCT
hassl-907	80	9	2013	2013	NUM
hassl-907	80	10	to	to	ADP
hassl-907	80	11	december	december	PROPN
hassl-907	80	12	31	31	NUM
hassl-907	80	13	,	,	PUNCT
hassl-907	80	14	2019	2019	NUM
hassl-907	80	15	are	be	AUX
hassl-907	80	16	used	use	VERB
hassl-907	80	17	.	.	PUNCT
hassl-907	81	1	all	all	DET
hassl-907	81	2	data	datum	NOUN
hassl-907	81	3	were	be	AUX
hassl-907	81	4	obtained	obtain	VERB
hassl-907	81	5	from	from	ADP
hassl-907	81	6	datastream	datastream	NOUN
hassl-907	81	7	and	and	CCONJ
hassl-907	81	8	bloomberg	bloomberg	NOUN
hassl-907	81	9	.	.	PUNCT
hassl-907	82	1	table-1	table-1	NUM
hassl-907	82	2	.	.	PUNCT
hassl-907	83	1	summary	summary	NOUN
hassl-907	83	2	of	of	ADP
hassl-907	83	3	etf	etf	PROPN
hassl-907	83	4	ticker	ticker	PROPN
hassl-907	83	5	symbols	symbol	NOUN
hassl-907	83	6	,	,	PUNCT
hassl-907	83	7	names	name	NOUN
hassl-907	83	8	,	,	PUNCT
hassl-907	83	9	benchmark	benchmark	NOUN
hassl-907	83	10	index	index	NOUN
hassl-907	83	11	,	,	PUNCT
hassl-907	83	12	and	and	CCONJ
hassl-907	83	13	the	the	DET
hassl-907	83	14	dates	date	NOUN
hassl-907	83	15	for	for	ADP
hassl-907	83	16	the	the	DET
hassl-907	83	17	first	first	ADJ
hassl-907	83	18	available	available	ADJ
hassl-907	83	19	data	data	NOUN
hassl-907	83	20	point	point	NOUN
hassl-907	83	21	.	.	PUNCT
hassl-907	84	1	symbol	symbol	PROPN
hassl-907	84	2	etf	etf	PROPN
hassl-907	84	3	benchmark	benchmark	PROPN
hassl-907	84	4	index	index	NOUN
hassl-907	84	5	inception	inception	NOUN
hassl-907	84	6	date	date	PROPN
hassl-907	84	7	ewa	ewa	PROPN
hassl-907	84	8	ishares	ishares	PROPN
hassl-907	84	9	msci	msci	PROPN
hassl-907	84	10	australia	australia	PROPN
hassl-907	84	11	msci	msci	PROPN
hassl-907	84	12	australia	australia	PROPN
hassl-907	84	13	index	index	NOUN
hassl-907	84	14	12/03/1996	12/03/1996	NUM
hassl-907	84	15	mchi	mchi	PROPN
hassl-907	84	16	ishares	ishares	PROPN
hassl-907	84	17	msci	msci	PROPN
hassl-907	84	18	china	china	PROPN
hassl-907	84	19	msci	msci	PROPN
hassl-907	84	20	china	china	PROPN
hassl-907	84	21	index	index	PROPN
hassl-907	84	22	29/03/2011	29/03/2011	NUM
hassl-907	84	23	ewh	ewh	PROPN
hassl-907	84	24	ishares	ishares	PROPN
hassl-907	84	25	msci	msci	PROPN
hassl-907	84	26	hong	hong	PROPN
hassl-907	84	27	kong	kong	PROPN
hassl-907	84	28	msci	msci	PROPN
hassl-907	84	29	hong	hong	PROPN
hassl-907	84	30	kong	kong	PROPN
hassl-907	84	31	index	index	PROPN
hassl-907	84	32	12/03/1996	12/03/1996	NUM
hassl-907	84	33	inda	inda	PROPN
hassl-907	84	34	ishares	ishares	PROPN
hassl-907	84	35	msci	msci	PROPN
hassl-907	84	36	india	india	PROPN
hassl-907	84	37	msci	msci	PROPN
hassl-907	84	38	india	india	PROPN
hassl-907	84	39	index	index	PROPN
hassl-907	84	40	02/02/2012	02/02/2012	PROPN
hassl-907	84	41	ewj	ewj	PROPN
hassl-907	84	42	ishares	ishares	PROPN
hassl-907	84	43	msci	msci	PROPN
hassl-907	84	44	japan	japan	PROPN
hassl-907	84	45	msci	msci	PROPN
hassl-907	84	46	japan	japan	PROPN
hassl-907	84	47	index	index	PROPN
hassl-907	84	48	12/03/1996	12/03/1996	NUM
hassl-907	84	49	ewy	ewy	PROPN
hassl-907	84	50	ishares	ishares	PROPN
hassl-907	84	51	msci	msci	PROPN
hassl-907	84	52	korea	korea	PROPN
hassl-907	84	53	msci	msci	PROPN
hassl-907	84	54	korea	korea	PROPN
hassl-907	84	55	25/50	25/50	NUM
hassl-907	84	56	index	index	NOUN
hassl-907	84	57	09/05/2000	09/05/2000	NUM
hassl-907	84	58	enzl	enzl	PROPN
hassl-907	84	59	ishares	ishares	PROPN
hassl-907	84	60	msci	msci	PROPN
hassl-907	84	61	new	new	PROPN
hassl-907	84	62	zealand	zealand	PROPN
hassl-907	84	63	msci	msci	PROPN
hassl-907	84	64	new	new	PROPN
hassl-907	84	65	zealand	zealand	PROPN
hassl-907	84	66	imi	imi	PROPN
hassl-907	84	67	25/50	25/50	NUM
hassl-907	84	68	index	index	NOUN
hassl-907	84	69	01/09/2010	01/09/2010	NOUN
hassl-907	84	70	ews	ews	PROPN
hassl-907	84	71	ishares	ishares	PROPN
hassl-907	84	72	msci	msci	PROPN
hassl-907	84	73	singapore	singapore	PROPN
hassl-907	84	74	msci	msci	PROPN
hassl-907	84	75	singapore	singapore	PROPN
hassl-907	84	76	25/50	25/50	NUM
hassl-907	84	77	index	index	NOUN
hassl-907	84	78	12/03/1996	12/03/1996	NUM
hassl-907	84	79	ewt	ewt	PROPN
hassl-907	84	80	ishares	ishares	PROPN
hassl-907	84	81	msci	msci	PROPN
hassl-907	84	82	taiwan	taiwan	PROPN
hassl-907	84	83	msci	msci	PROPN
hassl-907	84	84	taiwan	taiwan	PROPN
hassl-907	84	85	25/50	25/50	NUM
hassl-907	84	86	index	index	NOUN
hassl-907	85	1	20/06/2000	20/06/2000	NUM
hassl-907	85	2	thd	thd	PROPN
hassl-907	85	3	ishares	ishares	PROPN
hassl-907	85	4	msci	msci	PROPN
hassl-907	85	5	thailand	thailand	PROPN
hassl-907	85	6	msci	msci	PROPN
hassl-907	85	7	thailand	thailand	PROPN
hassl-907	85	8	imi	imi	PROPN
hassl-907	85	9	25/50	25/50	NUM
hassl-907	85	10	index	index	NOUN
hassl-907	85	11	26/03/2008	26/03/2008	NUM
hassl-907	85	12	2.1	2.1	NUM
hassl-907	85	13	.	.	PUNCT
hassl-907	86	1	cointegration	cointegration	NOUN
hassl-907	86	2	test	test	NOUN
hassl-907	86	3	this	this	DET
hassl-907	86	4	study	study	NOUN
hassl-907	86	5	employs	employ	VERB
hassl-907	86	6	different	different	ADJ
hassl-907	86	7	techniques	technique	NOUN
hassl-907	86	8	to	to	PART
hassl-907	86	9	investigate	investigate	VERB
hassl-907	86	10	the	the	DET
hassl-907	86	11	relationship	relationship	NOUN
hassl-907	86	12	between	between	ADP
hassl-907	86	13	the	the	DET
hassl-907	86	14	etf	etf	NOUN
hassl-907	86	15	and	and	CCONJ
hassl-907	86	16	benchmark	benchmark	NOUN
hassl-907	86	17	index	index	NOUN
hassl-907	86	18	prices	price	NOUN
hassl-907	86	19	.	.	PUNCT
hassl-907	87	1	the	the	DET
hassl-907	87	2	first	first	ADJ
hassl-907	87	3	method	method	NOUN
hassl-907	87	4	is	be	AUX
hassl-907	87	5	the	the	DET
hassl-907	87	6	engle	engle	NOUN
hassl-907	87	7	-	-	PUNCT
hassl-907	87	8	granger	granger	PROPN
hassl-907	87	9	two	two	NUM
hassl-907	87	10	-	-	PUNCT
hassl-907	87	11	step	step	NOUN
hassl-907	87	12	cointegration	cointegration	NOUN
hassl-907	87	13	methodology	methodology	NOUN
hassl-907	87	14	(	(	PUNCT
hassl-907	87	15	engle	engle	PROPN
hassl-907	87	16	&	&	CCONJ
hassl-907	87	17	granger	granger	PROPN
hassl-907	87	18	,	,	PUNCT
hassl-907	87	19	1987	1987	NUM
hassl-907	87	20	)	)	PUNCT
hassl-907	87	21	.	.	PUNCT
hassl-907	88	1	this	this	DET
hassl-907	88	2	method	method	NOUN
hassl-907	88	3	is	be	AUX
hassl-907	88	4	based	base	VERB
hassl-907	88	5	on	on	ADP
hassl-907	88	6	analyzing	analyze	VERB
hassl-907	88	7	the	the	DET
hassl-907	88	8	stationarity	stationarity	NOUN
hassl-907	88	9	of	of	ADP
hassl-907	88	10	error	error	NOUN
hassl-907	88	11	terms	term	NOUN
hassl-907	88	12	,	,	PUNCT
hassl-907	88	13	as	as	ADP
hassl-907	88	14	per	per	ADP
hassl-907	88	15	equation	equation	NOUN
hassl-907	88	16	1	1	NUM
hassl-907	88	17	below	below	ADV
hassl-907	88	18	:	:	PUNCT
hassl-907	88	19	(	(	PUNCT
hassl-907	88	20	1	1	X
hassl-907	88	21	)	)	PUNCT
hassl-907	88	22	where	where	SCONJ
hassl-907	88	23	and	and	CCONJ
hassl-907	88	24	represent	represent	VERB
hassl-907	88	25	two	two	NUM
hassl-907	88	26	different	different	ADJ
hassl-907	88	27	market	market	NOUN
hassl-907	88	28	prices	price	NOUN
hassl-907	88	29	,	,	PUNCT
hassl-907	88	30	is	be	AUX
hassl-907	88	31	the	the	DET
hassl-907	88	32	residual	residual	ADJ
hassl-907	88	33	,	,	PUNCT
hassl-907	88	34	and	and	CCONJ
hassl-907	88	35	is	be	AUX
hassl-907	88	36	the	the	DET
hassl-907	88	37	constant	constant	ADJ
hassl-907	88	38	.	.	PUNCT
hassl-907	89	1	next	next	ADV
hassl-907	89	2	,	,	PUNCT
hassl-907	89	3	the	the	DET
hassl-907	89	4	first	first	ADJ
hassl-907	89	5	difference	difference	NOUN
hassl-907	89	6	of	of	ADP
hassl-907	89	7	the	the	DET
hassl-907	89	8	residuals	residual	NOUN
hassl-907	89	9	is	be	AUX
hassl-907	89	10	regressed	regress	VERB
hassl-907	89	11	against	against	ADP
hassl-907	89	12	the	the	DET
hassl-907	89	13	lagged	lag	VERB
hassl-907	89	14	term	term	NOUN
hassl-907	89	15	of	of	ADP
hassl-907	89	16	residuals	residual	NOUN
hassl-907	89	17	without	without	ADP
hassl-907	89	18	a	a	DET
hassl-907	89	19	constant	constant	ADJ
hassl-907	89	20	,	,	PUNCT
hassl-907	89	21	as	as	SCONJ
hassl-907	89	22	stated	state	VERB
hassl-907	89	23	in	in	ADP
hassl-907	89	24	equation	equation	NOUN
hassl-907	89	25	2	2	NUM
hassl-907	89	26	:	:	PUNCT
hassl-907	89	27	(	(	PUNCT
hassl-907	89	28	2	2	X
hassl-907	89	29	)	)	PUNCT
hassl-907	89	30	where	where	SCONJ
hassl-907	89	31	is	be	AUX
hassl-907	89	32	the	the	DET
hassl-907	89	33	estimated	estimate	VERB
hassl-907	89	34	residual	residual	ADJ
hassl-907	89	35	,	,	PUNCT
hassl-907	89	36	and	and	CCONJ
hassl-907	89	37	is	be	AUX
hassl-907	89	38	the	the	DET
hassl-907	89	39	estimated	estimate	VERB
hassl-907	89	40	parameter	parameter	NOUN
hassl-907	89	41	.	.	PUNCT
hassl-907	90	1	a	a	DET
hassl-907	90	2	hypothesis	hypothesis	NOUN
hassl-907	90	3	test	test	NOUN
hassl-907	90	4	on	on	ADP
hassl-907	90	5	coefficient	coefficient	NOUN
hassl-907	90	6	is	be	AUX
hassl-907	90	7	conducted	conduct	VERB
hassl-907	90	8	to	to	PART
hassl-907	90	9	determine	determine	VERB
hassl-907	90	10	whether	whether	SCONJ
hassl-907	90	11	cointegration	cointegration	NOUN
hassl-907	90	12	exists	exist	VERB
hassl-907	90	13	.	.	PUNCT
hassl-907	91	1	the	the	DET
hassl-907	91	2	null	null	ADJ
hassl-907	91	3	hypothesis	hypothesis	NOUN
hassl-907	91	4	of	of	ADP
hassl-907	91	5	no	no	DET
hassl-907	91	6	cointegration	cointegration	NOUN
hassl-907	91	7	is	be	AUX
hassl-907	91	8	rejected	reject	VERB
hassl-907	91	9	if	if	SCONJ
hassl-907	91	10	the	the	DET
hassl-907	91	11	tstatistic	tstatistic	NOUN
hassl-907	91	12	of	of	ADP
hassl-907	91	13	the	the	DET
hassl-907	91	14	coefficient	coefficient	NOUN
hassl-907	91	15	exceeds	exceed	VERB
hassl-907	91	16	a	a	DET
hassl-907	91	17	critical	critical	ADJ
hassl-907	91	18	value	value	NOUN
hassl-907	91	19	.	.	PUNCT
hassl-907	92	1	the	the	DET
hassl-907	92	2	second	second	ADJ
hassl-907	92	3	method	method	NOUN
hassl-907	92	4	used	use	VERB
hassl-907	92	5	to	to	PART
hassl-907	92	6	examine	examine	VERB
hassl-907	92	7	the	the	DET
hassl-907	92	8	etf	etf	NOUN
hassl-907	92	9	and	and	CCONJ
hassl-907	92	10	benchmark	benchmark	NOUN
hassl-907	92	11	index	index	NOUN
hassl-907	92	12	relationship	relationship	NOUN
hassl-907	92	13	is	be	AUX
hassl-907	92	14	the	the	DET
hassl-907	92	15	gregory	gregory	PROPN
hassl-907	92	16	&	&	CCONJ
hassl-907	92	17	hansen	hansen	PROPN
hassl-907	92	18	(	(	PUNCT
hassl-907	92	19	1996	1996	NUM
hassl-907	92	20	)	)	PUNCT
hassl-907	92	21	cointegration	cointegration	NOUN
hassl-907	92	22	test	test	NOUN
hassl-907	92	23	.	.	PUNCT
hassl-907	93	1	this	this	DET
hassl-907	93	2	newer	new	ADJ
hassl-907	93	3	method	method	NOUN
hassl-907	93	4	can	can	AUX
hassl-907	93	5	test	test	VERB
hassl-907	93	6	for	for	ADP
hassl-907	93	7	cointegration	cointegration	NOUN
hassl-907	93	8	in	in	ADP
hassl-907	93	9	the	the	DET
hassl-907	93	10	presence	presence	NOUN
hassl-907	93	11	of	of	ADP
hassl-907	93	12	breakpoints	breakpoint	NOUN
hassl-907	93	13	or	or	CCONJ
hassl-907	93	14	structural	structural	ADJ
hassl-907	93	15	changes	change	NOUN
hassl-907	93	16	.	.	PUNCT
hassl-907	94	1	in	in	ADP
hassl-907	94	2	particular	particular	ADJ
hassl-907	94	3	,	,	PUNCT
hassl-907	94	4	gregory	gregory	PROPN
hassl-907	94	5	&	&	CCONJ
hassl-907	94	6	hansen	hansen	PROPN
hassl-907	94	7	(	(	PUNCT
hassl-907	94	8	1996	1996	NUM
hassl-907	94	9	)	)	PUNCT
hassl-907	94	10	have	have	AUX
hassl-907	94	11	separated	separate	VERB
hassl-907	94	12	the	the	DET
hassl-907	94	13	structural	structural	ADJ
hassl-907	94	14	break	break	NOUN
hassl-907	94	15	cointegration	cointegration	NOUN
hassl-907	94	16	into	into	ADP
hassl-907	94	17	three	three	NUM
hassl-907	94	18	models	model	NOUN
hassl-907	94	19	.	.	PUNCT
hassl-907	95	1	the	the	DET
hassl-907	95	2	first	first	ADJ
hassl-907	95	3	model	model	NOUN
hassl-907	95	4	(	(	PUNCT
hassl-907	95	5	equation	equation	NOUN
hassl-907	95	6	3	3	NUM
hassl-907	95	7	)	)	PUNCT
hassl-907	95	8	is	be	AUX
hassl-907	95	9	a	a	DET
hassl-907	95	10	structural	structural	ADJ
hassl-907	95	11	break	break	NOUN
hassl-907	95	12	in	in	ADP
hassl-907	95	13	the	the	DET
hassl-907	95	14	intercept	intercept	NOUN
hassl-907	95	15	(	(	PUNCT
hassl-907	95	16	level	level	NOUN
hassl-907	95	17	shift	shift	NOUN
hassl-907	95	18	model	model	NOUN
hassl-907	95	19	)	)	PUNCT
hassl-907	95	20	,	,	PUNCT
hassl-907	95	21	the	the	DET
hassl-907	95	22	second	second	ADJ
hassl-907	95	23	model	model	NOUN
hassl-907	95	24	humanities	humanity	NOUN
hassl-907	95	25	and	and	CCONJ
hassl-907	95	26	social	social	ADJ
hassl-907	95	27	sciences	science	NOUN
hassl-907	95	28	letters	letter	NOUN
hassl-907	95	29	,	,	PUNCT
hassl-907	95	30	2021	2021	NUM
hassl-907	95	31	,	,	PUNCT
hassl-907	95	32	9(4	9(4	NUM
hassl-907	95	33	):	):	PUNCT
hassl-907	95	34	389	389	NUM
hassl-907	95	35	-	-	SYM
hassl-907	95	36	402	402	NUM
hassl-907	95	37	392	392	NUM
hassl-907	95	38	©	©	PROPN
hassl-907	95	39	2021	2021	NUM
hassl-907	95	40	conscientia	conscientia	PROPN
hassl-907	95	41	beam	beam	PROPN
hassl-907	95	42	.	.	PUNCT
hassl-907	96	1	all	all	DET
hassl-907	96	2	rights	right	NOUN
hassl-907	96	3	reserved	reserve	VERB
hassl-907	96	4	.	.	PUNCT
hassl-907	97	1	(	(	PUNCT
hassl-907	97	2	equation	equation	NOUN
hassl-907	97	3	4	4	NUM
hassl-907	97	4	)	)	PUNCT
hassl-907	97	5	is	be	AUX
hassl-907	97	6	a	a	DET
hassl-907	97	7	structural	structural	ADJ
hassl-907	97	8	break	break	NOUN
hassl-907	97	9	in	in	ADP
hassl-907	97	10	the	the	DET
hassl-907	97	11	intercept	intercept	NOUN
hassl-907	97	12	affected	affect	VERB
hassl-907	97	13	by	by	ADP
hassl-907	97	14	the	the	DET
hassl-907	97	15	trend	trend	NOUN
hassl-907	97	16	(	(	PUNCT
hassl-907	97	17	level	level	NOUN
hassl-907	97	18	shift	shift	NOUN
hassl-907	97	19	with	with	ADP
hassl-907	97	20	trend	trend	NOUN
hassl-907	97	21	model	model	NOUN
hassl-907	97	22	)	)	PUNCT
hassl-907	97	23	,	,	PUNCT
hassl-907	97	24	and	and	CCONJ
hassl-907	97	25	the	the	DET
hassl-907	97	26	third	third	ADJ
hassl-907	97	27	model	model	NOUN
hassl-907	97	28	(	(	PUNCT
hassl-907	97	29	equation	equation	NOUN
hassl-907	97	30	5	5	NUM
hassl-907	97	31	)	)	PUNCT
hassl-907	97	32	is	be	AUX
hassl-907	97	33	a	a	DET
hassl-907	97	34	structural	structural	ADJ
hassl-907	97	35	break	break	NOUN
hassl-907	97	36	in	in	ADP
hassl-907	97	37	the	the	DET
hassl-907	97	38	slope	slope	NOUN
hassl-907	97	39	and	and	CCONJ
hassl-907	97	40	intercept	intercept	NOUN
hassl-907	97	41	(	(	PUNCT
hassl-907	97	42	regime	regime	NOUN
hassl-907	97	43	shift	shift	NOUN
hassl-907	97	44	model	model	NOUN
hassl-907	97	45	)	)	PUNCT
hassl-907	97	46	.	.	PUNCT
hassl-907	98	1	(	(	PUNCT
hassl-907	98	2	3	3	X
hassl-907	98	3	)	)	PUNCT
hassl-907	98	4	(	(	PUNCT
hassl-907	98	5	4	4	NUM
hassl-907	98	6	)	)	PUNCT
hassl-907	98	7	(	(	PUNCT
hassl-907	98	8	5	5	X
hassl-907	98	9	)	)	PUNCT
hassl-907	98	10	where	where	SCONJ
hassl-907	98	11	is	be	AUX
hassl-907	98	12	the	the	DET
hassl-907	98	13	intercept	intercept	NOUN
hassl-907	98	14	before	before	ADP
hassl-907	98	15	the	the	DET
hassl-907	98	16	shift	shift	NOUN
hassl-907	98	17	,	,	PUNCT
hassl-907	98	18	is	be	AUX
hassl-907	98	19	the	the	DET
hassl-907	98	20	intercept	intercept	NOUN
hassl-907	98	21	differential	differential	NOUN
hassl-907	98	22	over	over	ADP
hassl-907	98	23	the	the	DET
hassl-907	98	24	intercept	intercept	NOUN
hassl-907	98	25	at	at	ADP
hassl-907	98	26	the	the	DET
hassl-907	98	27	time	time	NOUN
hassl-907	98	28	of	of	ADP
hassl-907	98	29	the	the	DET
hassl-907	98	30	shift	shift	NOUN
hassl-907	98	31	,	,	PUNCT
hassl-907	98	32	cointegrating	cointegrate	VERB
hassl-907	98	33	slope	slope	NOUN
hassl-907	98	34	coefficients	coefficient	NOUN
hassl-907	98	35	before	before	ADP
hassl-907	98	36	the	the	DET
hassl-907	98	37	regime	regime	NOUN
hassl-907	98	38	shift	shift	NOUN
hassl-907	98	39	,	,	PUNCT
hassl-907	98	40	change	change	VERB
hassl-907	98	41	the	the	DET
hassl-907	98	42	slope	slope	NOUN
hassl-907	98	43	coefficients	coefficient	NOUN
hassl-907	98	44	,	,	PUNCT
hassl-907	98	45	and	and	CCONJ
hassl-907	98	46	dummy	dummy	ADJ
hassl-907	98	47	variable	variable	NOUN
hassl-907	98	48	.	.	PUNCT
hassl-907	99	1	if	if	SCONJ
hassl-907	99	2	there	there	PRON
hassl-907	99	3	is	be	VERB
hassl-907	99	4	a	a	DET
hassl-907	99	5	structural	structural	ADJ
hassl-907	99	6	break	break	NOUN
hassl-907	99	7	,	,	PUNCT
hassl-907	99	8	it	it	PRON
hassl-907	99	9	is	be	AUX
hassl-907	99	10	equal	equal	ADJ
hassl-907	99	11	to	to	ADP
hassl-907	99	12	1	1	NUM
hassl-907	99	13	,	,	PUNCT
hassl-907	99	14	and	and	CCONJ
hassl-907	99	15	0	0	NUM
hassl-907	99	16	otherwise	otherwise	ADV
hassl-907	99	17	.	.	PUNCT
hassl-907	100	1	similar	similar	ADJ
hassl-907	100	2	to	to	ADP
hassl-907	100	3	the	the	DET
hassl-907	100	4	engle	engle	NOUN
hassl-907	100	5	-	-	PUNCT
hassl-907	100	6	granger	granger	PROPN
hassl-907	100	7	two	two	NUM
hassl-907	100	8	-	-	PUNCT
hassl-907	100	9	step	step	NOUN
hassl-907	100	10	approach	approach	NOUN
hassl-907	100	11	,	,	PUNCT
hassl-907	100	12	the	the	DET
hassl-907	100	13	null	null	ADJ
hassl-907	100	14	hypothesis	hypothesis	NOUN
hassl-907	100	15	of	of	ADP
hassl-907	100	16	no	no	DET
hassl-907	100	17	cointegration	cointegration	NOUN
hassl-907	100	18	between	between	ADP
hassl-907	100	19	two	two	NUM
hassl-907	100	20	variables	variable	NOUN
hassl-907	100	21	is	be	AUX
hassl-907	100	22	tested	test	VERB
hassl-907	100	23	by	by	ADP
hassl-907	100	24	stationarity	stationarity	NOUN
hassl-907	100	25	in	in	ADP
hassl-907	100	26	residuals	residual	NOUN
hassl-907	100	27	using	use	VERB
hassl-907	100	28	equations	equation	NOUN
hassl-907	100	29	3	3	NUM
hassl-907	100	30	to	to	PART
hassl-907	100	31	5	5	NUM
hassl-907	100	32	.	.	PUNCT
hassl-907	101	1	in	in	ADP
hassl-907	101	2	this	this	DET
hassl-907	101	3	study	study	NOUN
hassl-907	101	4	,	,	PUNCT
hassl-907	101	5	the	the	DET
hassl-907	101	6	method	method	NOUN
hassl-907	101	7	to	to	PART
hassl-907	101	8	test	test	VERB
hassl-907	101	9	the	the	DET
hassl-907	101	10	stationarity	stationarity	NOUN
hassl-907	101	11	in	in	ADP
hassl-907	101	12	the	the	DET
hassl-907	101	13	residuals	residual	NOUN
hassl-907	101	14	is	be	AUX
hassl-907	101	15	based	base	VERB
hassl-907	101	16	on	on	ADP
hassl-907	101	17	the	the	DET
hassl-907	101	18	adjusted	adjust	VERB
hassl-907	101	19	augmented	augment	VERB
hassl-907	101	20	dickey	dickey	NOUN
hassl-907	101	21	-	-	PUNCT
hassl-907	101	22	fuller	full	ADJ
hassl-907	101	23	(	(	PUNCT
hassl-907	101	24	adf	adf	NOUN
hassl-907	101	25	)	)	PUNCT
hassl-907	101	26	test	test	NOUN
hassl-907	101	27	in	in	ADP
hassl-907	101	28	equation	equation	NOUN
hassl-907	101	29	6	6	NUM
hassl-907	101	30	:	:	PUNCT
hassl-907	101	31	(	(	PUNCT
hassl-907	101	32	6	6	NUM
hassl-907	101	33	)	)	PUNCT
hassl-907	101	34	2.2	2.2	NUM
hassl-907	101	35	.	.	PUNCT
hassl-907	102	1	vector	vector	NOUN
hassl-907	102	2	error	error	NOUN
hassl-907	102	3	correction	correction	NOUN
hassl-907	102	4	model	model	NOUN
hassl-907	102	5	(	(	PUNCT
hassl-907	102	6	vecm	vecm	NOUN
hassl-907	102	7	)	)	PUNCT
hassl-907	102	8	when	when	SCONJ
hassl-907	102	9	the	the	DET
hassl-907	102	10	vector	vector	NOUN
hassl-907	102	11	autogression	autogression	NOUN
hassl-907	102	12	(	(	PUNCT
hassl-907	102	13	var	var	NOUN
hassl-907	102	14	)	)	PUNCT
hassl-907	102	15	series	series	NOUN
hassl-907	102	16	are	be	AUX
hassl-907	102	17	cointegrated	cointegrate	VERB
hassl-907	102	18	,	,	PUNCT
hassl-907	102	19	the	the	DET
hassl-907	102	20	dynamic	dynamic	ADJ
hassl-907	102	21	relations	relation	NOUN
hassl-907	102	22	between	between	ADP
hassl-907	102	23	etf	etf	NOUN
hassl-907	102	24	and	and	CCONJ
hassl-907	102	25	benchmark	benchmark	NOUN
hassl-907	102	26	index	index	NOUN
hassl-907	102	27	prices	price	NOUN
hassl-907	102	28	can	can	AUX
hassl-907	102	29	be	be	AUX
hassl-907	102	30	undertaken	undertake	VERB
hassl-907	102	31	through	through	ADP
hassl-907	102	32	a	a	DET
hassl-907	102	33	vecm	vecm	NOUN
hassl-907	102	34	.	.	PUNCT
hassl-907	103	1	the	the	DET
hassl-907	103	2	vecm	vecm	NOUN
hassl-907	103	3	can	can	AUX
hassl-907	103	4	be	be	AUX
hassl-907	103	5	written	write	VERB
hassl-907	103	6	as	as	ADP
hassl-907	103	7	equations	equation	NOUN
hassl-907	103	8	7	7	NUM
hassl-907	103	9	and	and	CCONJ
hassl-907	103	10	8	8	NUM
hassl-907	103	11	:	:	PUNCT
hassl-907	103	12	(	(	PUNCT
hassl-907	103	13	7	7	NUM
hassl-907	103	14	)	)	PUNCT
hassl-907	103	15	(	(	PUNCT
hassl-907	103	16	8)	8)	NUM
hassl-907	103	17	where	where	SCONJ
hassl-907	103	18	and	and	CCONJ
hassl-907	103	19	are	be	AUX
hassl-907	103	20	the	the	DET
hassl-907	103	21	short	short	ADJ
hassl-907	103	22	-	-	PUNCT
hassl-907	103	23	run	run	NOUN
hassl-907	103	24	coefficients	coefficient	NOUN
hassl-907	103	25	,	,	PUNCT
hassl-907	103	26	and	and	CCONJ
hassl-907	103	27	and	and	CCONJ
hassl-907	103	28	are	be	AUX
hassl-907	103	29	the	the	DET
hassl-907	103	30	error	error	NOUN
hassl-907	103	31	correction	correction	NOUN
hassl-907	103	32	terms	term	NOUN
hassl-907	103	33	of	of	ADP
hassl-907	103	34	how	how	SCONJ
hassl-907	103	35	and	and	CCONJ
hassl-907	103	36	react	react	VERB
hassl-907	103	37	to	to	ADP
hassl-907	103	38	deviations	deviation	NOUN
hassl-907	103	39	from	from	ADP
hassl-907	103	40	long	long	ADJ
hassl-907	103	41	-	-	PUNCT
hassl-907	103	42	run	run	NOUN
hassl-907	103	43	equilibrium	equilibrium	NOUN
hassl-907	103	44	.	.	PUNCT
hassl-907	104	1	2.3	2.3	NUM
hassl-907	104	2	.	.	PUNCT
hassl-907	105	1	granger	granger	PROPN
hassl-907	105	2	causality	causality	PROPN
hassl-907	105	3	test	test	NOUN
hassl-907	105	4	next	next	ADV
hassl-907	105	5	,	,	PUNCT
hassl-907	105	6	the	the	DET
hassl-907	105	7	granger	granger	PROPN
hassl-907	105	8	causality	causality	NOUN
hassl-907	105	9	test	test	NOUN
hassl-907	105	10	is	be	AUX
hassl-907	105	11	conducted	conduct	VERB
hassl-907	105	12	to	to	PART
hassl-907	105	13	determine	determine	VERB
hassl-907	105	14	if	if	SCONJ
hassl-907	105	15	there	there	PRON
hassl-907	105	16	is	be	VERB
hassl-907	105	17	any	any	DET
hassl-907	105	18	influence	influence	NOUN
hassl-907	105	19	between	between	ADP
hassl-907	105	20	the	the	DET
hassl-907	105	21	etf	etf	NOUN
hassl-907	105	22	and	and	CCONJ
hassl-907	105	23	benchmark	benchmark	NOUN
hassl-907	105	24	index	index	NOUN
hassl-907	105	25	prices	price	NOUN
hassl-907	105	26	.	.	PUNCT
hassl-907	106	1	although	although	SCONJ
hassl-907	106	2	cointegration	cointegration	NOUN
hassl-907	106	3	implies	imply	VERB
hassl-907	106	4	that	that	SCONJ
hassl-907	106	5	causality	causality	NOUN
hassl-907	106	6	exists	exist	VERB
hassl-907	106	7	between	between	ADP
hassl-907	106	8	the	the	DET
hassl-907	106	9	two	two	NUM
hassl-907	106	10	series	series	NOUN
hassl-907	106	11	,	,	PUNCT
hassl-907	106	12	it	it	PRON
hassl-907	106	13	does	do	AUX
hassl-907	106	14	not	not	PART
hassl-907	106	15	indicate	indicate	VERB
hassl-907	106	16	the	the	DET
hassl-907	106	17	direction	direction	NOUN
hassl-907	106	18	of	of	ADP
hassl-907	106	19	the	the	DET
hassl-907	106	20	causal	causal	ADJ
hassl-907	106	21	relationship	relationship	NOUN
hassl-907	106	22	.	.	PUNCT
hassl-907	107	1	according	accord	VERB
hassl-907	107	2	to	to	ADP
hassl-907	107	3	granger	granger	PROPN
hassl-907	107	4	(	(	PUNCT
hassl-907	107	5	1969	1969	NUM
hassl-907	107	6	)	)	PUNCT
hassl-907	107	7	,	,	PUNCT
hassl-907	107	8	with	with	ADP
hassl-907	107	9	two	two	NUM
hassl-907	107	10	series	series	NOUN
hassl-907	107	11	and	and	CCONJ
hassl-907	107	12	,	,	PUNCT
hassl-907	107	13	which	which	PRON
hassl-907	107	14	are	be	AUX
hassl-907	107	15	integrated	integrate	VERB
hassl-907	107	16	in	in	ADP
hassl-907	107	17	the	the	DET
hassl-907	107	18	same	same	ADJ
hassl-907	107	19	order	order	NOUN
hassl-907	107	20	,	,	PUNCT
hassl-907	107	21	if	if	SCONJ
hassl-907	107	22	the	the	DET
hassl-907	107	23	past	past	NOUN
hassl-907	107	24	and	and	CCONJ
hassl-907	107	25	present	present	ADJ
hassl-907	107	26	values	value	NOUN
hassl-907	107	27	of	of	ADP
hassl-907	107	28	providing	provide	VERB
hassl-907	107	29	some	some	DET
hassl-907	107	30	useful	useful	ADJ
hassl-907	107	31	information	information	NOUN
hassl-907	107	32	to	to	PART
hassl-907	107	33	forecast	forecast	VERB
hassl-907	107	34	at	at	ADP
hassl-907	107	35	the	the	DET
hassl-907	107	36	time	time	NOUN
hassl-907	107	37	,	,	PUNCT
hassl-907	107	38	it	it	PRON
hassl-907	107	39	can	can	AUX
hassl-907	107	40	be	be	AUX
hassl-907	107	41	said	say	VERB
hassl-907	107	42	that	that	SCONJ
hassl-907	107	43	grangercauses	grangercause	NOUN
hassl-907	107	44	.	.	PUNCT
hassl-907	108	1	we	we	PRON
hassl-907	108	2	use	use	VERB
hassl-907	108	3	the	the	DET
hassl-907	108	4	granger	granger	PROPN
hassl-907	108	5	causality	causality	PROPN
hassl-907	108	6	test	test	NOUN
hassl-907	108	7	to	to	PART
hassl-907	108	8	test	test	VERB
hassl-907	108	9	the	the	DET
hassl-907	108	10	linear	linear	ADJ
hassl-907	108	11	causality	causality	NOUN
hassl-907	108	12	between	between	ADP
hassl-907	108	13	etf	etf	NOUN
hassl-907	108	14	and	and	CCONJ
hassl-907	108	15	benchmark	benchmark	NOUN
hassl-907	108	16	index	index	NOUN
hassl-907	108	17	prices	price	NOUN
hassl-907	108	18	in	in	ADP
hassl-907	108	19	the	the	DET
hassl-907	108	20	study	study	NOUN
hassl-907	108	21	.	.	PUNCT
hassl-907	109	1	the	the	DET
hassl-907	109	2	equation	equation	NOUN
hassl-907	109	3	for	for	ADP
hassl-907	109	4	the	the	DET
hassl-907	109	5	granger	granger	PROPN
hassl-907	109	6	causality	causality	PROPN
hassl-907	109	7	test	test	NOUN
hassl-907	109	8	is	be	AUX
hassl-907	109	9	stated	state	VERB
hassl-907	109	10	in	in	ADP
hassl-907	109	11	equations	equation	NOUN
hassl-907	109	12	9	9	NUM
hassl-907	109	13	and	and	CCONJ
hassl-907	109	14	10	10	NUM
hassl-907	109	15	:	:	PUNCT
hassl-907	109	16	(	(	PUNCT
hassl-907	109	17	9	9	X
hassl-907	109	18	)	)	PUNCT
hassl-907	109	19	humanities	humanity	NOUN
hassl-907	109	20	and	and	CCONJ
hassl-907	109	21	social	social	ADJ
hassl-907	109	22	sciences	science	NOUN
hassl-907	109	23	letters	letter	NOUN
hassl-907	109	24	,	,	PUNCT
hassl-907	109	25	2021	2021	NUM
hassl-907	109	26	,	,	PUNCT
hassl-907	109	27	9(4	9(4	NUM
hassl-907	109	28	):	):	PUNCT
hassl-907	109	29	389	389	NUM
hassl-907	109	30	-	-	SYM
hassl-907	109	31	402	402	NUM
hassl-907	109	32	393	393	NUM
hassl-907	109	33	©	©	PROPN
hassl-907	109	34	2021	2021	NUM
hassl-907	109	35	conscientia	conscientia	PROPN
hassl-907	109	36	beam	beam	PROPN
hassl-907	109	37	.	.	PUNCT
hassl-907	110	1	all	all	DET
hassl-907	110	2	rights	right	NOUN
hassl-907	110	3	reserved	reserve	VERB
hassl-907	110	4	.	.	PUNCT
hassl-907	111	1	(	(	PUNCT
hassl-907	111	2	10	10	NUM
hassl-907	111	3	)	)	PUNCT
hassl-907	111	4	where	where	SCONJ
hassl-907	111	5	is	be	AUX
hassl-907	111	6	the	the	DET
hassl-907	111	7	maximum	maximum	ADV
hassl-907	111	8	lagged	lag	VERB
hassl-907	111	9	observation	observation	NOUN
hassl-907	111	10	determined	determine	VERB
hassl-907	111	11	by	by	ADP
hassl-907	111	12	the	the	DET
hassl-907	111	13	final	final	ADJ
hassl-907	111	14	prediction	prediction	NOUN
hassl-907	111	15	error	error	NOUN
hassl-907	111	16	(	(	PUNCT
hassl-907	111	17	fpe	fpe	PROPN
hassl-907	111	18	)	)	PUNCT
hassl-907	111	19	,	,	PUNCT
hassl-907	111	20	and	and	CCONJ
hassl-907	111	21	the	the	DET
hassl-907	111	22	akaike	akaike	ADJ
hassl-907	111	23	information	information	NOUN
hassl-907	111	24	criterion	criterion	NOUN
hassl-907	111	25	(	(	PUNCT
hassl-907	111	26	aic	aic	PROPN
hassl-907	111	27	)	)	PUNCT
hassl-907	111	28	is	be	AUX
hassl-907	111	29	the	the	DET
hassl-907	111	30	prediction	prediction	NOUN
hassl-907	111	31	error	error	NOUN
hassl-907	111	32	.	.	PUNCT
hassl-907	112	1	the	the	DET
hassl-907	112	2	null	null	ADJ
hassl-907	112	3	hypothesis	hypothesis	NOUN
hassl-907	112	4	of	of	ADP
hassl-907	112	5	granger	granger	NOUN
hassl-907	112	6	-	-	PUNCT
hassl-907	112	7	causality	causality	NOUN
hassl-907	112	8	is	be	AUX
hassl-907	112	9	that	that	PRON
hassl-907	112	10	does	do	AUX
hassl-907	112	11	not	not	PART
hassl-907	112	12	granger	granger	PROPN
hassl-907	112	13	cause	cause	VERB
hassl-907	112	14	,	,	PUNCT
hassl-907	112	15	and	and	CCONJ
hassl-907	112	16	vice	vice	ADV
hassl-907	112	17	versa	versa	ADV
hassl-907	112	18	.	.	PUNCT
hassl-907	113	1	a	a	DET
hassl-907	113	2	rejection	rejection	NOUN
hassl-907	113	3	of	of	ADP
hassl-907	113	4	the	the	DET
hassl-907	113	5	null	null	ADJ
hassl-907	113	6	hypothesis	hypothesis	NOUN
hassl-907	113	7	indicates	indicate	VERB
hassl-907	113	8	the	the	DET
hassl-907	113	9	presence	presence	NOUN
hassl-907	113	10	of	of	ADP
hassl-907	113	11	granger	granger	PROPN
hassl-907	113	12	causality	causality	PROPN
hassl-907	113	13	.	.	PUNCT
hassl-907	114	1	2.4	2.4	NUM
hassl-907	114	2	.	.	PUNCT
hassl-907	114	3	performance	performance	NOUN
hassl-907	114	4	of	of	ADP
hassl-907	114	5	etfs	etfs	PROPN
hassl-907	114	6	this	this	DET
hassl-907	114	7	section	section	NOUN
hassl-907	114	8	investigates	investigate	VERB
hassl-907	114	9	the	the	DET
hassl-907	114	10	performance	performance	NOUN
hassl-907	114	11	of	of	ADP
hassl-907	114	12	the	the	DET
hassl-907	114	13	etf	etf	NOUN
hassl-907	114	14	as	as	ADP
hassl-907	114	15	a	a	DET
hassl-907	114	16	passive	passive	ADJ
hassl-907	114	17	investment	investment	NOUN
hassl-907	114	18	tool	tool	NOUN
hassl-907	114	19	by	by	ADP
hassl-907	114	20	calculating	calculate	VERB
hassl-907	114	21	several	several	ADJ
hassl-907	114	22	measurements	measurement	NOUN
hassl-907	114	23	.	.	PUNCT
hassl-907	115	1	the	the	DET
hassl-907	115	2	performance	performance	NOUN
hassl-907	115	3	of	of	ADP
hassl-907	115	4	an	an	DET
hassl-907	115	5	etf	etf	NOUN
hassl-907	115	6	is	be	AUX
hassl-907	115	7	evaluated	evaluate	VERB
hassl-907	115	8	in	in	ADP
hassl-907	115	9	terms	term	NOUN
hassl-907	115	10	of	of	ADP
hassl-907	115	11	annualized	annualize	VERB
hassl-907	115	12	holding	hold	VERB
hassl-907	115	13	period	period	NOUN
hassl-907	115	14	returns	return	NOUN
hassl-907	115	15	,	,	PUNCT
hassl-907	115	16	sharpe	sharpe	PROPN
hassl-907	115	17	ratio	ratio	PROPN
hassl-907	115	18	,	,	PUNCT
hassl-907	115	19	jensen	jensen	PROPN
hassl-907	115	20	's	's	PART
hassl-907	115	21	alpha	alpha	NOUN
hassl-907	115	22	,	,	PUNCT
hassl-907	115	23	tracking	tracking	NOUN
hassl-907	115	24	error	error	NOUN
hassl-907	115	25	,	,	PUNCT
hassl-907	115	26	and	and	CCONJ
hassl-907	115	27	the	the	DET
hassl-907	115	28	premium	premium	NOUN
hassl-907	115	29	/	/	SYM
hassl-907	115	30	discount	discount	NOUN
hassl-907	115	31	.	.	PUNCT
hassl-907	116	1	2.4.1	2.4.1	X
hassl-907	116	2	.	.	PUNCT
hassl-907	116	3	holding	hold	VERB
hassl-907	116	4	period	period	NOUN
hassl-907	116	5	return	return	VERB
hassl-907	116	6	the	the	DET
hassl-907	116	7	holding	hold	VERB
hassl-907	116	8	period	period	NOUN
hassl-907	116	9	return	return	NOUN
hassl-907	116	10	is	be	AUX
hassl-907	116	11	computed	compute	VERB
hassl-907	116	12	by	by	ADP
hassl-907	116	13	dividing	divide	VERB
hassl-907	116	14	capital	capital	NOUN
hassl-907	116	15	gain	gain	NOUN
hassl-907	116	16	and	and	CCONJ
hassl-907	116	17	income	income	NOUN
hassl-907	116	18	by	by	ADP
hassl-907	116	19	the	the	DET
hassl-907	116	20	initial	initial	ADJ
hassl-907	116	21	value	value	NOUN
hassl-907	116	22	of	of	ADP
hassl-907	116	23	an	an	DET
hassl-907	116	24	investment	investment	NOUN
hassl-907	116	25	.	.	PUNCT
hassl-907	117	1	the	the	DET
hassl-907	117	2	formula	formula	NOUN
hassl-907	117	3	is	be	AUX
hassl-907	117	4	expressed	express	VERB
hassl-907	117	5	in	in	ADP
hassl-907	117	6	equation	equation	NOUN
hassl-907	117	7	11	11	NUM
hassl-907	117	8	:	:	PUNCT
hassl-907	117	9	(	(	PUNCT
hassl-907	117	10	11	11	NUM
hassl-907	117	11	)	)	PUNCT
hassl-907	117	12	where	where	SCONJ
hassl-907	117	13	is	be	AUX
hassl-907	117	14	the	the	DET
hassl-907	117	15	initial	initial	ADJ
hassl-907	117	16	value	value	NOUN
hassl-907	117	17	and	and	CCONJ
hassl-907	117	18	is	be	AUX
hassl-907	117	19	the	the	DET
hassl-907	117	20	ending	end	VERB
hassl-907	117	21	value	value	NOUN
hassl-907	117	22	.	.	PUNCT
hassl-907	118	1	income	income	NOUN
hassl-907	118	2	is	be	AUX
hassl-907	118	3	the	the	DET
hassl-907	118	4	dividend	dividend	NOUN
hassl-907	118	5	distributed	distribute	VERB
hassl-907	118	6	during	during	ADP
hassl-907	118	7	the	the	DET
hassl-907	118	8	period	period	NOUN
hassl-907	118	9	.	.	PUNCT
hassl-907	119	1	next	next	ADV
hassl-907	119	2	,	,	PUNCT
hassl-907	119	3	the	the	DET
hassl-907	119	4	holding	hold	VERB
hassl-907	119	5	period	period	NOUN
hassl-907	119	6	return	return	NOUN
hassl-907	119	7	is	be	AUX
hassl-907	119	8	annualized	annualize	VERB
hassl-907	119	9	through	through	ADP
hassl-907	119	10	equation	equation	NOUN
hassl-907	119	11	12	12	NUM
hassl-907	119	12	:	:	PUNCT
hassl-907	119	13	(	(	PUNCT
hassl-907	119	14	12	12	NUM
hassl-907	119	15	)	)	PUNCT
hassl-907	119	16	where	where	SCONJ
hassl-907	119	17	is	be	AUX
hassl-907	119	18	the	the	DET
hassl-907	119	19	number	number	NOUN
hassl-907	119	20	of	of	ADP
hassl-907	119	21	years	year	NOUN
hassl-907	119	22	.	.	PUNCT
hassl-907	120	1	2.4.2	2.4.2	NUM
hassl-907	120	2	.	.	PUNCT
hassl-907	121	1	sharpe	sharpe	PROPN
hassl-907	121	2	ratio	ratio	PROPN
hassl-907	121	3	for	for	ADP
hassl-907	121	4	every	every	DET
hassl-907	121	5	investor	investor	NOUN
hassl-907	121	6	,	,	PUNCT
hassl-907	121	7	it	it	PRON
hassl-907	121	8	is	be	AUX
hassl-907	121	9	essential	essential	ADJ
hassl-907	121	10	to	to	PART
hassl-907	121	11	understand	understand	VERB
hassl-907	121	12	the	the	DET
hassl-907	121	13	risks	risk	NOUN
hassl-907	121	14	associated	associate	VERB
hassl-907	121	15	with	with	ADP
hassl-907	121	16	a	a	DET
hassl-907	121	17	particular	particular	ADJ
hassl-907	121	18	investment	investment	NOUN
hassl-907	121	19	.	.	PUNCT
hassl-907	122	1	generally	generally	ADV
hassl-907	122	2	,	,	PUNCT
hassl-907	122	3	riskier	risky	ADJ
hassl-907	122	4	investments	investment	NOUN
hassl-907	122	5	should	should	AUX
hassl-907	122	6	compensate	compensate	VERB
hassl-907	122	7	investors	investor	NOUN
hassl-907	122	8	with	with	ADP
hassl-907	122	9	higher	high	ADJ
hassl-907	122	10	returns	return	NOUN
hassl-907	122	11	,	,	PUNCT
hassl-907	122	12	and	and	CCONJ
hassl-907	122	13	safer	safe	ADJ
hassl-907	122	14	investments	investment	NOUN
hassl-907	122	15	should	should	AUX
hassl-907	122	16	not	not	PART
hassl-907	122	17	have	have	VERB
hassl-907	122	18	extreme	extreme	ADJ
hassl-907	122	19	price	price	NOUN
hassl-907	122	20	fluctuations	fluctuation	NOUN
hassl-907	122	21	.	.	PUNCT
hassl-907	123	1	thus	thus	ADV
hassl-907	123	2	,	,	PUNCT
hassl-907	123	3	evaluating	evaluate	VERB
hassl-907	123	4	an	an	DET
hassl-907	123	5	investment	investment	NOUN
hassl-907	123	6	's	's	PART
hassl-907	123	7	risk	risk	NOUN
hassl-907	123	8	-	-	PUNCT
hassl-907	123	9	adjusted	adjust	VERB
hassl-907	123	10	return	return	NOUN
hassl-907	123	11	is	be	AUX
hassl-907	123	12	of	of	ADP
hassl-907	123	13	the	the	DET
hassl-907	123	14	utmost	utmost	ADJ
hassl-907	123	15	importance	importance	NOUN
hassl-907	123	16	while	while	SCONJ
hassl-907	123	17	making	make	VERB
hassl-907	123	18	investment	investment	NOUN
hassl-907	123	19	decisions	decision	NOUN
hassl-907	123	20	.	.	PUNCT
hassl-907	124	1	a	a	DET
hassl-907	124	2	lower	low	ADJ
hassl-907	124	3	standard	standard	ADJ
hassl-907	124	4	deviation	deviation	NOUN
hassl-907	124	5	of	of	ADP
hassl-907	124	6	returns	return	NOUN
hassl-907	124	7	will	will	AUX
hassl-907	124	8	lead	lead	VERB
hassl-907	124	9	to	to	ADP
hassl-907	124	10	a	a	DET
hassl-907	124	11	higher	high	ADJ
hassl-907	124	12	sharpe	sharpe	NOUN
hassl-907	124	13	ratio	ratio	NOUN
hassl-907	124	14	,	,	PUNCT
hassl-907	124	15	whereas	whereas	SCONJ
hassl-907	124	16	a	a	DET
hassl-907	124	17	higher	high	ADJ
hassl-907	124	18	standard	standard	ADJ
hassl-907	124	19	deviation	deviation	NOUN
hassl-907	124	20	will	will	AUX
hassl-907	124	21	lead	lead	VERB
hassl-907	124	22	to	to	ADP
hassl-907	124	23	a	a	DET
hassl-907	124	24	lower	low	ADJ
hassl-907	124	25	sharpe	sharpe	NOUN
hassl-907	124	26	ratio	ratio	NOUN
hassl-907	124	27	.	.	PUNCT
hassl-907	125	1	the	the	DET
hassl-907	125	2	formula	formula	NOUN
hassl-907	125	3	of	of	ADP
hassl-907	125	4	the	the	DET
hassl-907	125	5	sharpe	sharpe	PROPN
hassl-907	125	6	ratio	ratio	NOUN
hassl-907	125	7	is	be	AUX
hassl-907	125	8	stated	state	VERB
hassl-907	125	9	in	in	ADP
hassl-907	125	10	equation	equation	NOUN
hassl-907	125	11	13	13	NUM
hassl-907	125	12	:	:	PUNCT
hassl-907	125	13	(	(	PUNCT
hassl-907	125	14	13	13	NUM
hassl-907	125	15	)	)	PUNCT
hassl-907	125	16	where	where	SCONJ
hassl-907	125	17	is	be	AUX
hassl-907	125	18	the	the	DET
hassl-907	125	19	portfolio	portfolio	NOUN
hassl-907	125	20	return	return	NOUN
hassl-907	125	21	,	,	PUNCT
hassl-907	125	22	is	be	AUX
hassl-907	125	23	the	the	DET
hassl-907	125	24	risk	risk	NOUN
hassl-907	125	25	-	-	PUNCT
hassl-907	125	26	free	free	ADJ
hassl-907	125	27	rate	rate	NOUN
hassl-907	125	28	,	,	PUNCT
hassl-907	125	29	and	and	CCONJ
hassl-907	125	30	is	be	AUX
hassl-907	125	31	the	the	DET
hassl-907	125	32	standard	standard	ADJ
hassl-907	125	33	deviation	deviation	NOUN
hassl-907	125	34	of	of	ADP
hassl-907	125	35	the	the	DET
hassl-907	125	36	portfolio	portfolio	NOUN
hassl-907	125	37	return	return	NOUN
hassl-907	125	38	.	.	PUNCT
hassl-907	126	1	the	the	DET
hassl-907	126	2	10	10	NUM
hassl-907	126	3	-	-	PUNCT
hassl-907	126	4	year	year	NOUN
hassl-907	126	5	us	us	PROPN
hassl-907	126	6	treasury	treasury	PROPN
hassl-907	126	7	bill	bill	PROPN
hassl-907	126	8	rate	rate	NOUN
hassl-907	126	9	is	be	AUX
hassl-907	126	10	taken	take	VERB
hassl-907	126	11	as	as	ADP
hassl-907	126	12	the	the	DET
hassl-907	126	13	proxy	proxy	NOUN
hassl-907	126	14	for	for	ADP
hassl-907	126	15	the	the	DET
hassl-907	126	16	risk	risk	NOUN
hassl-907	126	17	-	-	PUNCT
hassl-907	126	18	free	free	ADJ
hassl-907	126	19	rate	rate	NOUN
hassl-907	126	20	(	(	PUNCT
hassl-907	126	21	lemperiere	lemperiere	X
hassl-907	126	22	et	et	PROPN
hassl-907	126	23	al	al	PROPN
hassl-907	126	24	.	.	PROPN
hassl-907	126	25	,	,	PUNCT
hassl-907	126	26	2017	2017	NUM
hassl-907	126	27	;	;	PUNCT
hassl-907	126	28	sharpe	sharpe	NOUN
hassl-907	126	29	,	,	PUNCT
hassl-907	126	30	1966	1966	NUM
hassl-907	126	31	)	)	PUNCT
hassl-907	126	32	.	.	PUNCT
hassl-907	127	1	humanities	humanity	NOUN
hassl-907	127	2	and	and	CCONJ
hassl-907	127	3	social	social	ADJ
hassl-907	127	4	sciences	science	NOUN
hassl-907	127	5	letters	letter	NOUN
hassl-907	127	6	,	,	PUNCT
hassl-907	127	7	2021	2021	NUM
hassl-907	127	8	,	,	PUNCT
hassl-907	127	9	9(4	9(4	NUM
hassl-907	127	10	):	):	PUNCT
hassl-907	127	11	389	389	NUM
hassl-907	127	12	-	-	SYM
hassl-907	127	13	402	402	NUM
hassl-907	127	14	394	394	NUM
hassl-907	127	15	©	©	PROPN
hassl-907	127	16	2021	2021	NUM
hassl-907	127	17	conscientia	conscientia	PROPN
hassl-907	127	18	beam	beam	PROPN
hassl-907	127	19	.	.	PUNCT
hassl-907	128	1	all	all	DET
hassl-907	128	2	rights	right	NOUN
hassl-907	128	3	reserved	reserve	VERB
hassl-907	128	4	.	.	PUNCT
hassl-907	129	1	2.4.3	2.4.3	X
hassl-907	129	2	.	.	PUNCT
hassl-907	130	1	jensen	jensen	PROPN
hassl-907	130	2	's	's	PART
hassl-907	130	3	alpha	alpha	PROPN
hassl-907	130	4	jensen	jensen	PROPN
hassl-907	130	5	(	(	PUNCT
hassl-907	130	6	1968	1968	NUM
hassl-907	130	7	)	)	PUNCT
hassl-907	130	8	developed	develop	VERB
hassl-907	130	9	the	the	DET
hassl-907	130	10	concept	concept	NOUN
hassl-907	130	11	of	of	ADP
hassl-907	130	12	jensen	jensen	PROPN
hassl-907	130	13	's	's	PART
hassl-907	130	14	alpha	alpha	NOUN
hassl-907	130	15	to	to	PART
hassl-907	130	16	evaluate	evaluate	VERB
hassl-907	130	17	the	the	DET
hassl-907	130	18	performance	performance	NOUN
hassl-907	130	19	of	of	ADP
hassl-907	130	20	a	a	DET
hassl-907	130	21	portfolio	portfolio	NOUN
hassl-907	130	22	.	.	PUNCT
hassl-907	131	1	the	the	DET
hassl-907	131	2	idea	idea	NOUN
hassl-907	131	3	behind	behind	ADP
hassl-907	131	4	this	this	PRON
hassl-907	131	5	is	be	AUX
hassl-907	131	6	to	to	PART
hassl-907	131	7	determine	determine	VERB
hassl-907	131	8	the	the	DET
hassl-907	131	9	abnormal	abnormal	ADJ
hassl-907	131	10	return	return	NOUN
hassl-907	131	11	of	of	ADP
hassl-907	131	12	a	a	DET
hassl-907	131	13	portfolio	portfolio	NOUN
hassl-907	131	14	.	.	PUNCT
hassl-907	132	1	the	the	DET
hassl-907	132	2	formula	formula	NOUN
hassl-907	132	3	is	be	AUX
hassl-907	132	4	expressed	express	VERB
hassl-907	132	5	in	in	ADP
hassl-907	132	6	equation	equation	NOUN
hassl-907	132	7	14	14	NUM
hassl-907	132	8	:	:	PUNCT
hassl-907	132	9	(	(	PUNCT
hassl-907	132	10	14	14	NUM
hassl-907	132	11	)	)	PUNCT
hassl-907	132	12	where	where	SCONJ
hassl-907	132	13	is	be	AUX
hassl-907	132	14	the	the	DET
hassl-907	132	15	portfolio	portfolio	NOUN
hassl-907	132	16	return	return	NOUN
hassl-907	132	17	,	,	PUNCT
hassl-907	132	18	is	be	AUX
hassl-907	132	19	the	the	DET
hassl-907	132	20	risk	risk	NOUN
hassl-907	132	21	-	-	PUNCT
hassl-907	132	22	free	free	ADJ
hassl-907	132	23	rate	rate	NOUN
hassl-907	132	24	,	,	PUNCT
hassl-907	132	25	is	be	AUX
hassl-907	132	26	alpha	alpha	NOUN
hassl-907	132	27	,	,	PUNCT
hassl-907	132	28	is	be	AUX
hassl-907	132	29	beta	beta	NOUN
hassl-907	132	30	,	,	PUNCT
hassl-907	132	31	is	be	AUX
hassl-907	132	32	market	market	NOUN
hassl-907	132	33	return	return	NOUN
hassl-907	132	34	,	,	PUNCT
hassl-907	132	35	and	and	CCONJ
hassl-907	132	36	is	be	AUX
hassl-907	132	37	the	the	DET
hassl-907	132	38	error	error	NOUN
hassl-907	132	39	term	term	NOUN
hassl-907	132	40	.	.	PUNCT
hassl-907	133	1	2.4.4	2.4.4	X
hassl-907	133	2	.	.	PUNCT
hassl-907	134	1	tracking	track	VERB
hassl-907	134	2	error	error	NOUN
hassl-907	134	3	the	the	DET
hassl-907	134	4	tracking	tracking	NOUN
hassl-907	134	5	error	error	NOUN
hassl-907	134	6	formula	formula	NOUN
hassl-907	134	7	can	can	AUX
hassl-907	134	8	be	be	AUX
hassl-907	134	9	described	describe	VERB
hassl-907	134	10	by	by	ADP
hassl-907	134	11	equation	equation	NOUN
hassl-907	134	12	15	15	NUM
hassl-907	134	13	:	:	PUNCT
hassl-907	134	14	(	(	PUNCT
hassl-907	134	15	15	15	NUM
hassl-907	134	16	)	)	PUNCT
hassl-907	134	17	where	where	SCONJ
hassl-907	134	18	is	be	AUX
hassl-907	134	19	the	the	DET
hassl-907	134	20	etf	etf	NOUN
hassl-907	134	21	returns	return	NOUN
hassl-907	134	22	,	,	PUNCT
hassl-907	134	23	is	be	AUX
hassl-907	134	24	the	the	DET
hassl-907	134	25	benchmark	benchmark	ADJ
hassl-907	134	26	returns	return	NOUN
hassl-907	134	27	,	,	PUNCT
hassl-907	134	28	and	and	CCONJ
hassl-907	134	29	is	be	AUX
hassl-907	134	30	the	the	DET
hassl-907	134	31	number	number	NOUN
hassl-907	134	32	of	of	ADP
hassl-907	134	33	observations	observation	NOUN
hassl-907	134	34	.	.	PUNCT
hassl-907	135	1	2.4.5	2.4.5	NUM
hassl-907	135	2	.	.	PUNCT
hassl-907	135	3	percentage	percentage	NOUN
hassl-907	135	4	price	price	NOUN
hassl-907	135	5	deviations	deviation	NOUN
hassl-907	135	6	this	this	DET
hassl-907	135	7	study	study	NOUN
hassl-907	135	8	focuses	focus	VERB
hassl-907	135	9	on	on	ADP
hassl-907	135	10	examining	examine	VERB
hassl-907	135	11	the	the	DET
hassl-907	135	12	percentage	percentage	NOUN
hassl-907	135	13	price	price	NOUN
hassl-907	135	14	deviations	deviation	NOUN
hassl-907	135	15	of	of	ADP
hassl-907	135	16	the	the	DET
hassl-907	135	17	etf	etf	NOUN
hassl-907	135	18	from	from	ADP
hassl-907	135	19	its	its	PRON
hassl-907	135	20	net	net	ADJ
hassl-907	135	21	asset	asset	NOUN
hassl-907	135	22	values	value	NOUN
hassl-907	135	23	.	.	PUNCT
hassl-907	136	1	the	the	DET
hassl-907	136	2	formula	formula	NOUN
hassl-907	136	3	is	be	AUX
hassl-907	136	4	stated	state	VERB
hassl-907	136	5	in	in	ADP
hassl-907	136	6	equation	equation	NOUN
hassl-907	136	7	16	16	NUM
hassl-907	136	8	:	:	PUNCT
hassl-907	136	9	(	(	PUNCT
hassl-907	136	10	16	16	NUM
hassl-907	136	11	)	)	PUNCT
hassl-907	136	12	where	where	SCONJ
hassl-907	136	13	is	be	AUX
hassl-907	136	14	the	the	DET
hassl-907	136	15	price	price	NOUN
hassl-907	136	16	,	,	PUNCT
hassl-907	136	17	and	and	CCONJ
hassl-907	136	18	is	be	AUX
hassl-907	136	19	the	the	DET
hassl-907	136	20	net	net	ADJ
hassl-907	136	21	asset	asset	NOUN
hassl-907	136	22	value	value	NOUN
hassl-907	136	23	.	.	PUNCT
hassl-907	137	1	table-2	table-2	NUM
hassl-907	137	2	.	.	PUNCT
hassl-907	137	3	descriptive	descriptive	ADJ
hassl-907	137	4	statistics	statistic	NOUN
hassl-907	137	5	of	of	ADP
hassl-907	137	6	daily	daily	ADJ
hassl-907	137	7	returns	return	NOUN
hassl-907	137	8	for	for	ADP
hassl-907	137	9	the	the	DET
hassl-907	137	10	period	period	NOUN
hassl-907	137	11	from	from	ADP
hassl-907	137	12	2013	2013	NUM
hassl-907	137	13	to	to	ADP
hassl-907	137	14	2019	2019	NUM
hassl-907	137	15	.	.	PUNCT
hassl-907	138	1	mean	mean	PROPN
hassl-907	138	2	max	max	PROPN
hassl-907	138	3	.	.	PUNCT
hassl-907	139	1	min	min	PROPN
hassl-907	139	2	.	.	PROPN
hassl-907	139	3	std	std	PROPN
hassl-907	139	4	.	.	PUNCT
hassl-907	140	1	dev	dev	PROPN
hassl-907	140	2	.	.	PROPN
hassl-907	140	3	skewness	skewness	PROPN
hassl-907	140	4	kurtosis	kurtosis	VERB
hassl-907	140	5	jarque	jarque	NOUN
hassl-907	140	6	–	–	PUNCT
hassl-907	140	7	bera	bera	NOUN
hassl-907	140	8	panel	panel	NOUN
hassl-907	140	9	a	a	DET
hassl-907	140	10	:	:	PUNCT
hassl-907	140	11	benchmark	benchmark	NOUN
hassl-907	140	12	index	index	NOUN
hassl-907	140	13	australia	australia	PROPN
hassl-907	140	14	0.0197	0.0197	NUM
hassl-907	140	15	3.9437	3.9437	NUM
hassl-907	140	16	-6.0460	-6.0460	NOUN
hassl-907	140	17	1.0629	1.0629	NUM
hassl-907	140	18	-0.2509	-0.2509	NOUN
hassl-907	140	19	4.9359	4.9359	NUM
hassl-907	141	1	293.48	293.48	NUM
hassl-907	141	2	*	*	PUNCT
hassl-907	141	3	china	china	PROPN
hassl-907	141	4	0.0323	0.0323	NUM
hassl-907	141	5	6.0238	6.0238	NUM
hassl-907	141	6	-6.3924	-6.3924	NOUN
hassl-907	141	7	1.2044	1.2044	NUM
hassl-907	141	8	-0.0855	-0.0855	NOUN
hassl-907	141	9	5.5037	5.5037	NUM
hassl-907	141	10	462.09	462.09	NUM
hassl-907	141	11	*	*	PUNCT
hassl-907	141	12	hong	hong	PROPN
hassl-907	141	13	kong	kong	PROPN
hassl-907	141	14	0.0315	0.0315	NUM
hassl-907	141	15	5.5169	5.5169	NUM
hassl-907	141	16	-5.1258	-5.1258	NOUN
hassl-907	141	17	0.9546	0.9546	NUM
hassl-907	141	18	-0.1978	-0.1978	NOUN
hassl-907	141	19	5.8098	5.8098	NUM
hassl-907	141	20	590.78	590.78	NUM
hassl-907	141	21	*	*	PUNCT
hassl-907	141	22	india	india	PROPN
hassl-907	141	23	0.0287	0.0287	NUM
hassl-907	141	24	5.9956	5.9956	NUM
hassl-907	141	25	-7.2067	-7.2067	NOUN
hassl-907	141	26	1.0943	1.0943	NUM
hassl-907	141	27	-0.2724	-0.2724	NOUN
hassl-907	141	28	6.5178	6.5178	NUM
hassl-907	141	29	929.77	929.77	NUM
hassl-907	141	30	*	*	PUNCT
hassl-907	141	31	japan	japan	PROPN
hassl-907	141	32	0.0392	0.0392	NUM
hassl-907	141	33	7.7943	7.7943	NUM
hassl-907	141	34	-6.1341	-6.1341	NOUN
hassl-907	141	35	1.1238	1.1238	NUM
hassl-907	141	36	-0.0667	-0.0667	NOUN
hassl-907	141	37	6.8254	6.8254	NUM
hassl-907	141	38	1075.06	1075.06	NUM
hassl-907	141	39	*	*	SYM
hassl-907	141	40	korea	korea	PROPN
hassl-907	141	41	0.0141	0.0141	NUM
hassl-907	141	42	5.2233	5.2233	NUM
hassl-907	141	43	-5.2435	-5.2435	NOUN
hassl-907	141	44	1.1142	1.1142	NUM
hassl-907	141	45	-0.2083	-0.2083	NOUN
hassl-907	141	46	4.4141	4.4141	NUM
hassl-907	141	47	159.46	159.46	NUM
hassl-907	141	48	*	*	PUNCT
hassl-907	141	49	new	new	PROPN
hassl-907	141	50	zealand	zealand	PROPN
hassl-907	141	51	0.0513	0.0513	NUM
hassl-907	141	52	3.6729	3.6729	NUM
hassl-907	141	53	-5.1411	-5.1411	NOUN
hassl-907	141	54	0.8973	0.8973	NUM
hassl-907	141	55	-0.2475	-0.2475	NOUN
hassl-907	141	56	5.1195	5.1195	NUM
hassl-907	141	57	347.59	347.59	NUM
hassl-907	141	58	*	*	SYM
hassl-907	141	59	singapore	singapore	PROPN
hassl-907	141	60	0.0135	0.0135	NUM
hassl-907	141	61	4.5553	4.5553	NUM
hassl-907	141	62	-4.4548	-4.4548	NOUN
hassl-907	141	63	0.8480	0.8480	NUM
hassl-907	141	64	0.1377	0.1377	NUM
hassl-907	141	65	5.8889	5.8889	NUM
hassl-907	141	66	617.94	617.94	NUM
hassl-907	141	67	*	*	PUNCT
hassl-907	141	68	taiwan	taiwan	PROPN
hassl-907	141	69	0.0408	0.0408	NUM
hassl-907	141	70	5.2779	5.2779	NUM
hassl-907	141	71	-6.9558	-6.9558	NOUN
hassl-907	141	72	0.9896	0.9896	NUM
hassl-907	141	73	-0.3432	-0.3432	NOUN
hassl-907	142	1	6.8129	6.8129	NUM
hassl-907	142	2	1101.29	1101.29	NUM
hassl-907	142	3	*	*	NOUN
hassl-907	142	4	thailand	thailand	PROPN
hassl-907	142	5	0.0198	0.0198	NUM
hassl-907	142	6	6.2665	6.2665	NUM
hassl-907	142	7	-6.1773	-6.1773	NOUN
hassl-907	142	8	1.0476	1.0476	NUM
hassl-907	142	9	-0.1316	-0.1316	NOUN
hassl-907	143	1	7.5351	7.5351	NUM
hassl-907	143	2	1514.20	1514.20	NUM
hassl-907	143	3	*	*	SYM
hassl-907	143	4	panel	panel	NOUN
hassl-907	143	5	b	b	NOUN
hassl-907	143	6	:	:	PUNCT
hassl-907	143	7	etf	etf	PROPN
hassl-907	143	8	australia	australia	PROPN
hassl-907	143	9	0.0183	0.0183	NUM
hassl-907	143	10	5.9400	5.9400	NUM
hassl-907	143	11	-7.8640	-7.8640	VERB
hassl-907	143	12	1.1157	1.1157	NUM
hassl-907	143	13	-0.3842	-0.3842	NUM
hassl-907	144	1	6.1006	6.1006	NUM
hassl-907	144	2	748.74	748.74	NUM
hassl-907	144	3	*	*	PUNCT
hassl-907	144	4	china	china	PROPN
hassl-907	144	5	0.0317	0.0317	NUM
hassl-907	144	6	6.5755	6.5755	NUM
hassl-907	144	7	-7.1573	-7.1573	NOUN
hassl-907	144	8	1.3851	1.3851	NUM
hassl-907	144	9	-0.1269	-0.1269	NOUN
hassl-907	144	10	4.8653	4.8653	NUM
hassl-907	144	11	260.04	260.04	NUM
hassl-907	144	12	*	*	SYM
hassl-907	144	13	hong	hong	PROPN
hassl-907	144	14	kong	kong	PROPN
hassl-907	144	15	0.0295	0.0295	NUM
hassl-907	144	16	5.4301	5.4301	NUM
hassl-907	144	17	-6.1665	-6.1665	NOUN
hassl-907	144	18	1.0397	1.0397	NUM
hassl-907	144	19	-0.1935	-0.1935	NOUN
hassl-907	144	20	5.8608	5.8608	NUM
hassl-907	144	21	611.49	611.49	NUM
hassl-907	144	22	*	*	PUNCT
hassl-907	144	23	india	india	PROPN
hassl-907	144	24	0.0275	0.0275	NUM
hassl-907	144	25	5.6988	5.6988	NUM
hassl-907	144	26	-6.3265	-6.3265	NOUN
hassl-907	144	27	1.2991	1.2991	NUM
hassl-907	144	28	-0.1703	-0.1703	NOUN
hassl-907	144	29	4.7468	4.7468	NUM
hassl-907	144	30	232.39	232.39	NUM
hassl-907	144	31	*	*	PUNCT
hassl-907	144	32	japan	japan	PROPN
hassl-907	144	33	0.0334	0.0334	NUM
hassl-907	144	34	4.9608	4.9608	NUM
hassl-907	144	35	-4.7336	-4.7336	NOUN
hassl-907	144	36	1.0017	1.0017	NUM
hassl-907	144	37	-0.2880	-0.2880	NOUN
hassl-907	144	38	6.0272	6.0272	NUM
hassl-907	144	39	696.74	696.74	NUM
hassl-907	144	40	*	*	PUNCT
hassl-907	144	41	korea	korea	PROPN
hassl-907	144	42	0.0120	0.0120	NUM
hassl-907	144	43	5.4090	5.4090	NUM
hassl-907	144	44	-6.4220	-6.4220	NOUN
hassl-907	144	45	1.2058	1.2058	NUM
hassl-907	144	46	-0.1955	-0.1955	NOUN
hassl-907	144	47	4.2819	4.2819	NUM
hassl-907	144	48	131.80	131.80	NUM
hassl-907	144	49	*	*	PUNCT
hassl-907	144	50	new	new	PROPN
hassl-907	144	51	zealand	zealand	PROPN
hassl-907	144	52	0.0493	0.0493	NUM
hassl-907	144	53	3.3475	3.3475	NUM
hassl-907	144	54	-4.9354	-4.9354	PUNCT
hassl-907	144	55	0.9476	0.9476	NUM
hassl-907	144	56	-0.1277	-0.1277	NOUN
hassl-907	144	57	3.9619	3.9619	NUM
hassl-907	144	58	72.6828	72.6828	NUM
hassl-907	144	59	*	*	PUNCT
hassl-907	144	60	singapore	singapore	PROPN
hassl-907	144	61	0.0118	0.0118	NUM
hassl-907	144	62	4.4427	4.4427	NUM
hassl-907	144	63	-5.1829	-5.1829	NOUN
hassl-907	144	64	0.9363	0.9363	NUM
hassl-907	144	65	-0.1423	-0.1423	NOUN
hassl-907	144	66	5.4392	5.4392	NUM
hassl-907	144	67	442.52	442.52	NUM
hassl-907	144	68	*	*	SYM
hassl-907	144	69	taiwan	taiwan	PROPN
hassl-907	144	70	0.0387	0.0387	NUM
hassl-907	144	71	4.3657	4.3657	NUM
hassl-907	144	72	-5.6298	-5.6298	X
hassl-907	144	73	1.0993	1.0993	NUM
hassl-907	144	74	-0.2646	-0.2646	VERB
hassl-907	145	1	4.4253	4.4253	NUM
hassl-907	145	2	169.60	169.60	NUM
hassl-907	145	3	*	*	PUNCT
hassl-907	145	4	thailand	thailand	PROPN
hassl-907	145	5	0.0201	0.0201	NUM
hassl-907	145	6	8.1987	8.1987	NUM
hassl-907	145	7	-9.0168	-9.0168	NOUN
hassl-907	145	8	1.2417	1.2417	NUM
hassl-907	145	9	-0.0891	-0.0891	NOUN
hassl-907	145	10	7.6364	7.6364	NUM
hassl-907	145	11	1579.63	1579.63	NUM
hassl-907	145	12	*	*	PUNCT
hassl-907	145	13	note	note	NOUN
hassl-907	145	14	:	:	PUNCT
hassl-907	145	15	*	*	PUNCT
hassl-907	145	16	denotes	denote	NOUN
hassl-907	145	17	rejection	rejection	NOUN
hassl-907	145	18	at	at	ADP
hassl-907	145	19	the	the	DET
hassl-907	145	20	5	5	NUM
hassl-907	145	21	%	%	NOUN
hassl-907	145	22	significance	significance	NOUN
hassl-907	145	23	level	level	NOUN
hassl-907	145	24	.	.	PUNCT
hassl-907	146	1	humanities	humanity	NOUN
hassl-907	146	2	and	and	CCONJ
hassl-907	146	3	social	social	ADJ
hassl-907	146	4	sciences	science	NOUN
hassl-907	146	5	letters	letter	NOUN
hassl-907	146	6	,	,	PUNCT
hassl-907	146	7	2021	2021	NUM
hassl-907	146	8	,	,	PUNCT
hassl-907	146	9	9(4	9(4	NUM
hassl-907	146	10	):	):	PUNCT
hassl-907	146	11	389	389	NUM
hassl-907	146	12	-	-	SYM
hassl-907	146	13	402	402	NUM
hassl-907	146	14	395	395	NUM
hassl-907	146	15	©	©	PROPN
hassl-907	146	16	2021	2021	NUM
hassl-907	146	17	conscientia	conscientia	PROPN
hassl-907	146	18	beam	beam	PROPN
hassl-907	146	19	.	.	PUNCT
hassl-907	147	1	all	all	DET
hassl-907	147	2	rights	right	NOUN
hassl-907	147	3	reserved	reserve	VERB
hassl-907	147	4	.	.	PUNCT
hassl-907	148	1	3	3	X
hassl-907	148	2	.	.	X
hassl-907	148	3	results	result	NOUN
hassl-907	148	4	table	table	NOUN
hassl-907	148	5	2	2	NUM
hassl-907	148	6	shows	show	VERB
hassl-907	148	7	that	that	SCONJ
hassl-907	148	8	new	new	PROPN
hassl-907	148	9	zealand	zealand	PROPN
hassl-907	148	10	has	have	VERB
hassl-907	148	11	the	the	DET
hassl-907	148	12	highest	high	ADJ
hassl-907	148	13	average	average	ADJ
hassl-907	148	14	daily	daily	ADJ
hassl-907	148	15	benchmark	benchmark	NOUN
hassl-907	148	16	index	index	NOUN
hassl-907	148	17	returns	return	NOUN
hassl-907	148	18	,	,	PUNCT
hassl-907	148	19	while	while	SCONJ
hassl-907	148	20	singapore	singapore	PROPN
hassl-907	148	21	has	have	VERB
hassl-907	148	22	the	the	DET
hassl-907	148	23	lowest	low	ADJ
hassl-907	148	24	.	.	PUNCT
hassl-907	149	1	likewise	likewise	ADV
hassl-907	149	2	,	,	PUNCT
hassl-907	149	3	new	new	PROPN
hassl-907	149	4	zealand	zealand	PROPN
hassl-907	149	5	has	have	VERB
hassl-907	149	6	the	the	DET
hassl-907	149	7	highest	high	ADJ
hassl-907	149	8	average	average	ADJ
hassl-907	149	9	daily	daily	ADJ
hassl-907	149	10	etf	etf	NOUN
hassl-907	149	11	returns	return	NOUN
hassl-907	149	12	,	,	PUNCT
hassl-907	149	13	while	while	SCONJ
hassl-907	149	14	hong	hong	PROPN
hassl-907	149	15	kong	kong	PROPN
hassl-907	149	16	has	have	VERB
hassl-907	149	17	the	the	DET
hassl-907	149	18	lowest	low	ADJ
hassl-907	149	19	.	.	PUNCT
hassl-907	150	1	the	the	DET
hassl-907	150	2	standard	standard	ADJ
hassl-907	150	3	deviation	deviation	NOUN
hassl-907	150	4	of	of	ADP
hassl-907	150	5	returns	return	NOUN
hassl-907	150	6	,	,	PUNCT
hassl-907	150	7	which	which	PRON
hassl-907	150	8	is	be	AUX
hassl-907	150	9	a	a	DET
hassl-907	150	10	proxy	proxy	NOUN
hassl-907	150	11	for	for	ADP
hassl-907	150	12	risk	risk	NOUN
hassl-907	150	13	,	,	PUNCT
hassl-907	150	14	provides	provide	VERB
hassl-907	150	15	valuable	valuable	ADJ
hassl-907	150	16	information	information	NOUN
hassl-907	150	17	on	on	ADP
hassl-907	150	18	the	the	DET
hassl-907	150	19	dispersion	dispersion	NOUN
hassl-907	150	20	of	of	ADP
hassl-907	150	21	returns	return	NOUN
hassl-907	150	22	.	.	PUNCT
hassl-907	151	1	panel	panel	NOUN
hassl-907	151	2	a	a	PRON
hassl-907	151	3	of	of	ADP
hassl-907	151	4	table	table	NOUN
hassl-907	151	5	2	2	NUM
hassl-907	151	6	shows	show	VERB
hassl-907	151	7	that	that	SCONJ
hassl-907	151	8	china	china	PROPN
hassl-907	151	9	has	have	VERB
hassl-907	151	10	the	the	DET
hassl-907	151	11	highest	high	ADJ
hassl-907	151	12	standard	standard	ADJ
hassl-907	151	13	deviation	deviation	NOUN
hassl-907	151	14	for	for	ADP
hassl-907	151	15	the	the	DET
hassl-907	151	16	benchmark	benchmark	ADJ
hassl-907	151	17	index	index	NOUN
hassl-907	151	18	returns	return	NOUN
hassl-907	151	19	,	,	PUNCT
hassl-907	151	20	while	while	SCONJ
hassl-907	151	21	singapore	singapore	PROPN
hassl-907	151	22	has	have	VERB
hassl-907	151	23	the	the	DET
hassl-907	151	24	lowest	low	ADJ
hassl-907	151	25	.	.	PUNCT
hassl-907	152	1	likewise	likewise	ADV
hassl-907	152	2	,	,	PUNCT
hassl-907	152	3	china	china	PROPN
hassl-907	152	4	has	have	VERB
hassl-907	152	5	the	the	DET
hassl-907	152	6	highest	high	ADJ
hassl-907	152	7	standard	standard	ADJ
hassl-907	152	8	deviation	deviation	NOUN
hassl-907	152	9	of	of	ADP
hassl-907	152	10	etf	etf	NOUN
hassl-907	152	11	returns	return	NOUN
hassl-907	152	12	,	,	PUNCT
hassl-907	152	13	while	while	SCONJ
hassl-907	152	14	singapore	singapore	PROPN
hassl-907	152	15	has	have	VERB
hassl-907	152	16	the	the	DET
hassl-907	152	17	lowest	low	ADJ
hassl-907	152	18	,	,	PUNCT
hassl-907	152	19	as	as	SCONJ
hassl-907	152	20	displayed	display	VERB
hassl-907	152	21	in	in	ADP
hassl-907	152	22	panel	panel	NOUN
hassl-907	152	23	b	b	PROPN
hassl-907	152	24	of	of	ADP
hassl-907	152	25	table	table	NOUN
hassl-907	152	26	2	2	NUM
hassl-907	152	27	.	.	PUNCT
hassl-907	153	1	in	in	ADP
hassl-907	153	2	most	most	ADJ
hassl-907	153	3	cases	case	NOUN
hassl-907	153	4	,	,	PUNCT
hassl-907	153	5	the	the	DET
hassl-907	153	6	standard	standard	ADJ
hassl-907	153	7	deviation	deviation	NOUN
hassl-907	153	8	of	of	ADP
hassl-907	153	9	an	an	DET
hassl-907	153	10	etf	etf	NOUN
hassl-907	153	11	is	be	AUX
hassl-907	153	12	higher	high	ADJ
hassl-907	153	13	than	than	ADP
hassl-907	153	14	the	the	DET
hassl-907	153	15	benchmark	benchmark	NOUN
hassl-907	153	16	index	index	NOUN
hassl-907	153	17	,	,	PUNCT
hassl-907	153	18	which	which	PRON
hassl-907	153	19	implies	imply	VERB
hassl-907	153	20	that	that	SCONJ
hassl-907	153	21	the	the	DET
hassl-907	153	22	etf	etf	NOUN
hassl-907	153	23	is	be	AUX
hassl-907	153	24	generally	generally	ADV
hassl-907	153	25	more	more	ADV
hassl-907	153	26	volatile	volatile	ADJ
hassl-907	153	27	than	than	ADP
hassl-907	153	28	the	the	DET
hassl-907	153	29	benchmark	benchmark	NOUN
hassl-907	153	30	index	index	NOUN
hassl-907	153	31	.	.	PUNCT
hassl-907	154	1	it	it	PRON
hassl-907	154	2	can	can	AUX
hassl-907	154	3	be	be	AUX
hassl-907	154	4	noticed	notice	VERB
hassl-907	154	5	that	that	SCONJ
hassl-907	154	6	all	all	DET
hassl-907	154	7	the	the	DET
hassl-907	154	8	daily	daily	ADJ
hassl-907	154	9	returns	return	NOUN
hassl-907	154	10	of	of	ADP
hassl-907	154	11	the	the	DET
hassl-907	154	12	etf	etf	NOUN
hassl-907	154	13	and	and	CCONJ
hassl-907	154	14	benchmark	benchmark	NOUN
hassl-907	154	15	index	index	NOUN
hassl-907	154	16	show	show	VERB
hassl-907	154	17	negative	negative	ADJ
hassl-907	154	18	skewness	skewness	NOUN
hassl-907	154	19	,	,	PUNCT
hassl-907	154	20	which	which	PRON
hassl-907	154	21	indicates	indicate	VERB
hassl-907	154	22	that	that	SCONJ
hassl-907	154	23	most	most	ADJ
hassl-907	154	24	of	of	ADP
hassl-907	154	25	the	the	DET
hassl-907	154	26	data	data	NOUN
hassl-907	154	27	values	value	NOUN
hassl-907	154	28	are	be	AUX
hassl-907	154	29	concentrated	concentrate	VERB
hassl-907	154	30	on	on	ADP
hassl-907	154	31	the	the	DET
hassl-907	154	32	right	right	NOUN
hassl-907	154	33	of	of	ADP
hassl-907	154	34	the	the	DET
hassl-907	154	35	mean	mean	NOUN
hassl-907	154	36	.	.	PUNCT
hassl-907	155	1	the	the	DET
hassl-907	155	2	negative	negative	ADJ
hassl-907	155	3	skewness	skewness	NOUN
hassl-907	155	4	of	of	ADP
hassl-907	155	5	data	datum	NOUN
hassl-907	155	6	distribution	distribution	NOUN
hassl-907	155	7	indicates	indicate	VERB
hassl-907	155	8	that	that	SCONJ
hassl-907	155	9	an	an	DET
hassl-907	155	10	investor	investor	NOUN
hassl-907	155	11	may	may	AUX
hassl-907	155	12	expect	expect	VERB
hassl-907	155	13	frequent	frequent	ADJ
hassl-907	155	14	small	small	ADJ
hassl-907	155	15	gains	gain	NOUN
hassl-907	155	16	and	and	CCONJ
hassl-907	155	17	a	a	DET
hassl-907	155	18	few	few	ADJ
hassl-907	155	19	large	large	ADJ
hassl-907	155	20	losses	loss	NOUN
hassl-907	155	21	in	in	ADP
hassl-907	155	22	the	the	DET
hassl-907	155	23	etf	etf	NOUN
hassl-907	155	24	.	.	PUNCT
hassl-907	156	1	overall	overall	PROPN
hassl-907	156	2	,	,	PUNCT
hassl-907	156	3	the	the	DET
hassl-907	156	4	daily	daily	ADJ
hassl-907	156	5	returns	return	NOUN
hassl-907	156	6	of	of	ADP
hassl-907	156	7	the	the	DET
hassl-907	156	8	etf	etf	NOUN
hassl-907	156	9	and	and	CCONJ
hassl-907	156	10	benchmark	benchmark	NOUN
hassl-907	156	11	index	index	NOUN
hassl-907	156	12	are	be	AUX
hassl-907	156	13	not	not	PART
hassl-907	156	14	normal	normal	ADJ
hassl-907	156	15	with	with	ADP
hassl-907	156	16	negative	negative	ADJ
hassl-907	156	17	skewness	skewness	NOUN
hassl-907	156	18	and	and	CCONJ
hassl-907	156	19	positive	positive	ADJ
hassl-907	156	20	excess	excess	ADJ
hassl-907	156	21	kurtosis	kurtosis	NOUN
hassl-907	156	22	.	.	PUNCT
hassl-907	157	1	in	in	ADP
hassl-907	157	2	general	general	ADJ
hassl-907	157	3	,	,	PUNCT
hassl-907	157	4	all	all	DET
hassl-907	157	5	the	the	DET
hassl-907	157	6	etf	etf	NOUN
hassl-907	157	7	and	and	CCONJ
hassl-907	157	8	benchmark	benchmark	NOUN
hassl-907	157	9	index	index	NOUN
hassl-907	157	10	prices	price	NOUN
hassl-907	157	11	are	be	AUX
hassl-907	157	12	highly	highly	ADV
hassl-907	157	13	correlated	correlate	VERB
hassl-907	157	14	.	.	PUNCT
hassl-907	158	1	the	the	DET
hassl-907	158	2	correlation	correlation	NOUN
hassl-907	158	3	values	value	NOUN
hassl-907	158	4	are	be	AUX
hassl-907	158	5	above	above	ADP
hassl-907	158	6	0.99	0.99	NUM
hassl-907	158	7	,	,	PUNCT
hassl-907	158	8	implying	imply	VERB
hassl-907	158	9	that	that	SCONJ
hassl-907	158	10	the	the	DET
hassl-907	158	11	etf	etf	NOUN
hassl-907	158	12	and	and	CCONJ
hassl-907	158	13	benchmark	benchmark	NOUN
hassl-907	158	14	index	index	NOUN
hassl-907	158	15	prices	price	NOUN
hassl-907	158	16	share	share	VERB
hassl-907	158	17	the	the	DET
hassl-907	158	18	same	same	ADJ
hassl-907	158	19	direction	direction	NOUN
hassl-907	158	20	(	(	PUNCT
hassl-907	158	21	see	see	VERB
hassl-907	158	22	table	table	NOUN
hassl-907	158	23	3	3	NUM
hassl-907	158	24	)	)	PUNCT
hassl-907	158	25	.	.	PUNCT
hassl-907	159	1	however	however	ADV
hassl-907	159	2	,	,	PUNCT
hassl-907	159	3	the	the	DET
hassl-907	159	4	magnitude	magnitude	NOUN
hassl-907	159	5	of	of	ADP
hassl-907	159	6	the	the	DET
hassl-907	159	7	move	move	NOUN
hassl-907	159	8	is	be	AUX
hassl-907	159	9	unknown	unknown	ADJ
hassl-907	159	10	.	.	PUNCT
hassl-907	160	1	therefore	therefore	ADV
hassl-907	160	2	,	,	PUNCT
hassl-907	160	3	a	a	DET
hassl-907	160	4	cointegration	cointegration	NOUN
hassl-907	160	5	test	test	NOUN
hassl-907	160	6	is	be	AUX
hassl-907	160	7	employed	employ	VERB
hassl-907	160	8	to	to	PART
hassl-907	160	9	examine	examine	VERB
hassl-907	160	10	the	the	DET
hassl-907	160	11	cointegration	cointegration	NOUN
hassl-907	160	12	relationship	relationship	NOUN
hassl-907	160	13	between	between	ADP
hassl-907	160	14	etf	etf	NOUN
hassl-907	160	15	and	and	CCONJ
hassl-907	160	16	benchmark	benchmark	NOUN
hassl-907	160	17	index	index	NOUN
hassl-907	160	18	prices	price	NOUN
hassl-907	160	19	.	.	PUNCT
hassl-907	161	1	table-3	table-3	NUM
hassl-907	161	2	.	.	PUNCT
hassl-907	162	1	correlations	correlation	NOUN
hassl-907	162	2	of	of	ADP
hassl-907	162	3	etf	etf	NOUN
hassl-907	162	4	and	and	CCONJ
hassl-907	162	5	benchmark	benchmark	NOUN
hassl-907	162	6	index	index	NOUN
hassl-907	162	7	prices	price	NOUN
hassl-907	162	8	.	.	PUNCT
hassl-907	163	1	countries	country	NOUN
hassl-907	163	2	correlation	correlation	PROPN
hassl-907	163	3	australia	australia	PROPN
hassl-907	163	4	0.9959	0.9959	NUM
hassl-907	163	5	china	china	PROPN
hassl-907	163	6	0.9985	0.9985	NUM
hassl-907	163	7	hong	hong	PROPN
hassl-907	163	8	kong	kong	PROPN
hassl-907	163	9	0.9985	0.9985	NUM
hassl-907	163	10	india	india	PROPN
hassl-907	163	11	0.9960	0.9960	NUM
hassl-907	163	12	japan	japan	PROPN
hassl-907	163	13	0.9976	0.9976	NUM
hassl-907	163	14	korea	korea	PROPN
hassl-907	163	15	0.9963	0.9963	NUM
hassl-907	163	16	new	new	PROPN
hassl-907	163	17	zealand	zealand	PROPN
hassl-907	163	18	0.9997	0.9997	NUM
hassl-907	163	19	singapore	singapore	PROPN
hassl-907	163	20	0.9958	0.9958	NUM
hassl-907	163	21	taiwan	taiwan	PROPN
hassl-907	163	22	0.9982	0.9982	NUM
hassl-907	163	23	thailand	thailand	PROPN
hassl-907	163	24	0.9987	0.9987	NUM
hassl-907	163	25	table-4	table-4	NOUN
hassl-907	163	26	.	.	PUNCT
hassl-907	163	27	results	result	NOUN
hassl-907	163	28	of	of	ADP
hassl-907	163	29	the	the	DET
hassl-907	163	30	unit	unit	NOUN
hassl-907	163	31	root	root	NOUN
hassl-907	163	32	tests	test	NOUN
hassl-907	163	33	.	.	PUNCT
hassl-907	164	1	level	level	NOUN
hassl-907	164	2	adf	adf	NOUN
hassl-907	164	3	level	level	NOUN
hassl-907	164	4	pp	pp	ADP
hassl-907	164	5	1st	1st	ADJ
hassl-907	164	6	level	level	NOUN
hassl-907	164	7	adf	adf	NOUN
hassl-907	164	8	1st	1st	ADJ
hassl-907	164	9	level	level	NOUN
hassl-907	164	10	pp	pp	ADP
hassl-907	164	11	benchmark	benchmark	NOUN
hassl-907	164	12	index	index	NOUN
hassl-907	164	13	australia	australia	PROPN
hassl-907	164	14	-1.6707	-1.6707	NOUN
hassl-907	164	15	-1.7066	-1.7066	PROPN
hassl-907	164	16	-41.5408	-41.5408	PUNCT
hassl-907	165	1	*	*	PUNCT
hassl-907	165	2	-41.5387	-41.5387	PROPN
hassl-907	165	3	*	*	AUX
hassl-907	165	4	china	china	PROPN
hassl-907	165	5	-1.1382	-1.1382	VERB
hassl-907	165	6	-1.0964	-1.0964	VERB
hassl-907	165	7	-37.9899	-37.9899	PUNCT
hassl-907	165	8	*	*	PUNCT
hassl-907	165	9	-37.9033	-37.9033	PROPN
hassl-907	165	10	*	*	PUNCT
hassl-907	165	11	hong	hong	PROPN
hassl-907	165	12	kong	kong	PROPN
hassl-907	165	13	-1.2435	-1.2435	ADJ
hassl-907	165	14	-1.2812	-1.2812	PROPN
hassl-907	165	15	-39.7907	-39.7907	PUNCT
hassl-907	166	1	*	*	PUNCT
hassl-907	166	2	-39.7582	-39.7582	PROPN
hassl-907	166	3	*	*	PROPN
hassl-907	166	4	india	india	PROPN
hassl-907	166	5	-1.3869	-1.3869	PROPN
hassl-907	166	6	-1.3691	-1.3691	PROPN
hassl-907	166	7	-39.2526	-39.2526	PUNCT
hassl-907	166	8	*	*	PUNCT
hassl-907	166	9	-39.2517	-39.2517	PROPN
hassl-907	166	10	*	*	PUNCT
hassl-907	166	11	japan	japan	PROPN
hassl-907	166	12	-1.9183	-1.9183	PROPN
hassl-907	167	1	-1.8774	-1.8774	PUNCT
hassl-907	167	2	-52.1902	-52.1902	PUNCT
hassl-907	167	3	*	*	PUNCT
hassl-907	167	4	-53.5636	-53.5636	PROPN
hassl-907	167	5	*	*	PROPN
hassl-907	167	6	korea	korea	PROPN
hassl-907	167	7	-1.6164	-1.6164	PROPN
hassl-907	167	8	-1.6471	-1.6471	PROPN
hassl-907	167	9	-41.5556	-41.5556	PROPN
hassl-907	167	10	*	*	PUNCT
hassl-907	167	11	-41.5554	-41.5554	PUNCT
hassl-907	167	12	*	*	VERB
hassl-907	167	13	new	new	PROPN
hassl-907	167	14	zealand	zealand	PROPN
hassl-907	167	15	-0.3780	-0.3780	PROPN
hassl-907	167	16	-0.3945	-0.3945	PROPN
hassl-907	167	17	-40.5441	-40.5441	PROPN
hassl-907	167	18	*	*	PUNCT
hassl-907	167	19	-40.5250	-40.5250	PROPN
hassl-907	167	20	*	*	PROPN
hassl-907	167	21	singapore	singapore	PROPN
hassl-907	167	22	-1.3783	-1.3783	PROPN
hassl-907	167	23	-1.6969	-1.6969	PROPN
hassl-907	168	1	-39.3947	-39.3947	PUNCT
hassl-907	168	2	*	*	PUNCT
hassl-907	168	3	-39.7379	-39.7379	PROPN
hassl-907	168	4	*	*	PROPN
hassl-907	168	5	taiwan	taiwan	PROPN
hassl-907	168	6	-0.5360	-0.5360	PROPN
hassl-907	168	7	-0.5262	-0.5262	NOUN
hassl-907	168	8	-41.2919	-41.2919	NOUN
hassl-907	168	9	*	*	PUNCT
hassl-907	168	10	-41.2869	-41.2869	PROPN
hassl-907	168	11	*	*	PROPN
hassl-907	168	12	thailand	thailand	PROPN
hassl-907	168	13	-1.1416	-1.1416	PUNCT
hassl-907	168	14	-1.1794	-1.1794	NOUN
hassl-907	169	1	-40.0437	-40.0437	PUNCT
hassl-907	169	2	*	*	PUNCT
hassl-907	169	3	-40.0632	-40.0632	PROPN
hassl-907	169	4	*	*	PROPN
hassl-907	169	5	etf	etf	PROPN
hassl-907	169	6	australia	australia	PROPN
hassl-907	169	7	-1.8937	-1.8937	PUNCT
hassl-907	169	8	-1.8770	-1.8770	PROPN
hassl-907	169	9	-42.4286	-42.4286	PUNCT
hassl-907	170	1	*	*	PUNCT
hassl-907	170	2	-42.4823	-42.4823	PROPN
hassl-907	170	3	*	*	VERB
hassl-907	170	4	china	china	PROPN
hassl-907	170	5	-1.2750	-1.2750	NOUN
hassl-907	170	6	-1.2929	-1.2929	PROPN
hassl-907	170	7	-40.7411	-40.7411	PUNCT
hassl-907	170	8	*	*	PUNCT
hassl-907	170	9	-40.7417	-40.7417	PROPN
hassl-907	170	10	*	*	ADJ
hassl-907	170	11	hong	hong	PROPN
hassl-907	170	12	kong	kong	PROPN
hassl-907	170	13	-1.3693	-1.3693	NOUN
hassl-907	170	14	-1.3994	-1.3994	VERB
hassl-907	170	15	-41.1226	-41.1226	PUNCT
hassl-907	170	16	*	*	PUNCT
hassl-907	170	17	-41.1226	-41.1226	PROPN
hassl-907	170	18	*	*	PROPN
hassl-907	170	19	india	india	PROPN
hassl-907	170	20	-1.7210	-1.7210	NOUN
hassl-907	170	21	-1.5694	-1.5694	PROPN
hassl-907	171	1	-43.5191	-43.5191	INTJ
hassl-907	171	2	*	*	PUNCT
hassl-907	171	3	-43.7036	-43.7036	PROPN
hassl-907	171	4	*	*	PUNCT
hassl-907	171	5	japan	japan	PROPN
hassl-907	171	6	-1.9049	-1.9049	PROPN
hassl-907	171	7	-1.7923	-1.7923	PROPN
hassl-907	172	1	-43.8688	-43.8688	PUNCT
hassl-907	172	2	*	*	PUNCT
hassl-907	172	3	-44.0692	-44.0692	PROPN
hassl-907	172	4	*	*	PROPN
hassl-907	172	5	korea	korea	PROPN
hassl-907	172	6	-1.8607	-1.8607	ADJ
hassl-907	172	7	-1.8475	-1.8475	VERB
hassl-907	172	8	-41.5979	-41.5979	PROPN
hassl-907	172	9	*	*	PUNCT
hassl-907	172	10	-41.5979	-41.5979	PROPN
hassl-907	172	11	*	*	ADJ
hassl-907	172	12	new	new	PROPN
hassl-907	172	13	zealand	zealand	PROPN
hassl-907	172	14	-0.4219	-0.4219	PROPN
hassl-907	172	15	-0.3860	-0.3860	PROPN
hassl-907	173	1	-43.2478	-43.2478	PUNCT
hassl-907	173	2	*	*	PUNCT
hassl-907	173	3	-43.2433	-43.2433	PROPN
hassl-907	173	4	*	*	VERB
hassl-907	173	5	singapore	singapore	PROPN
hassl-907	173	6	-1.7013	-1.7013	PROPN
hassl-907	173	7	-1.9089	-1.9089	PROPN
hassl-907	173	8	-41.5342	-41.5342	PUNCT
hassl-907	173	9	*	*	PROPN
hassl-907	173	10	-41.6743	-41.6743	PROPN
hassl-907	173	11	*	*	PUNCT
hassl-907	173	12	taiwan	taiwan	PROPN
hassl-907	173	13	-0.7509	-0.7509	NOUN
hassl-907	173	14	-0.7491	-0.7491	PUNCT
hassl-907	174	1	-41.9603	-41.9603	PUNCT
hassl-907	174	2	*	*	PUNCT
hassl-907	174	3	-41.9630	-41.9630	PROPN
hassl-907	174	4	*	*	PUNCT
hassl-907	174	5	thailand	thailand	PROPN
hassl-907	174	6	-1.4747	-1.4747	X
hassl-907	174	7	-1.4055	-1.4055	NOUN
hassl-907	174	8	-42.3489	-42.3489	PUNCT
hassl-907	175	1	*	*	PUNCT
hassl-907	175	2	-42.3942	-42.3942	PROPN
hassl-907	175	3	*	*	NOUN
hassl-907	175	4	note	note	NOUN
hassl-907	175	5	:	:	PUNCT
hassl-907	175	6	*	*	PUNCT
hassl-907	175	7	denotes	denote	NOUN
hassl-907	175	8	rejection	rejection	NOUN
hassl-907	175	9	at	at	ADP
hassl-907	175	10	the	the	DET
hassl-907	175	11	5	5	NUM
hassl-907	175	12	%	%	NOUN
hassl-907	175	13	significance	significance	NOUN
hassl-907	175	14	level	level	NOUN
hassl-907	175	15	.	.	PUNCT
hassl-907	176	1	humanities	humanity	NOUN
hassl-907	176	2	and	and	CCONJ
hassl-907	176	3	social	social	ADJ
hassl-907	176	4	sciences	science	NOUN
hassl-907	176	5	letters	letter	NOUN
hassl-907	176	6	,	,	PUNCT
hassl-907	176	7	2021	2021	NUM
hassl-907	176	8	,	,	PUNCT
hassl-907	176	9	9(4	9(4	NUM
hassl-907	176	10	):	):	PUNCT
hassl-907	176	11	389	389	NUM
hassl-907	176	12	-	-	SYM
hassl-907	176	13	402	402	NUM
hassl-907	176	14	396	396	NUM
hassl-907	176	15	©	©	PROPN
hassl-907	176	16	2021	2021	NUM
hassl-907	176	17	conscientia	conscientia	PROPN
hassl-907	176	18	beam	beam	PROPN
hassl-907	176	19	.	.	PUNCT
hassl-907	177	1	all	all	DET
hassl-907	177	2	rights	right	NOUN
hassl-907	177	3	reserved	reserve	VERB
hassl-907	177	4	.	.	PUNCT
hassl-907	178	1	before	before	ADP
hassl-907	178	2	the	the	DET
hassl-907	178	3	cointegration	cointegration	NOUN
hassl-907	178	4	test	test	NOUN
hassl-907	178	5	,	,	PUNCT
hassl-907	178	6	it	it	PRON
hassl-907	178	7	is	be	AUX
hassl-907	178	8	necessary	necessary	ADJ
hassl-907	178	9	to	to	PART
hassl-907	178	10	ensure	ensure	VERB
hassl-907	178	11	that	that	SCONJ
hassl-907	178	12	all	all	DET
hassl-907	178	13	the	the	DET
hassl-907	178	14	series	series	NOUN
hassl-907	178	15	'	'	PART
hassl-907	178	16	orders	order	NOUN
hassl-907	178	17	of	of	ADP
hassl-907	178	18	integration	integration	NOUN
hassl-907	178	19	are	be	AUX
hassl-907	178	20	similar	similar	ADJ
hassl-907	178	21	.	.	PUNCT
hassl-907	179	1	the	the	DET
hassl-907	179	2	augmented	augment	VERB
hassl-907	179	3	dickey	dickey	NOUN
hassl-907	179	4	-	-	PUNCT
hassl-907	179	5	fuller	full	ADJ
hassl-907	179	6	(	(	PUNCT
hassl-907	179	7	adf	adf	NOUN
hassl-907	179	8	)	)	PUNCT
hassl-907	179	9	and	and	CCONJ
hassl-907	179	10	phillips	phillips	PROPN
hassl-907	179	11	–	–	PUNCT
hassl-907	179	12	perron	perron	X
hassl-907	179	13	(	(	PUNCT
hassl-907	179	14	pp	pp	ADJ
hassl-907	179	15	)	)	PUNCT
hassl-907	179	16	unit	unit	NOUN
hassl-907	179	17	root	root	NOUN
hassl-907	179	18	tests	test	NOUN
hassl-907	179	19	are	be	AUX
hassl-907	179	20	performed	perform	VERB
hassl-907	179	21	to	to	PART
hassl-907	179	22	check	check	VERB
hassl-907	179	23	for	for	ADP
hassl-907	179	24	the	the	DET
hassl-907	179	25	nonstationary	nonstationary	ADJ
hassl-907	179	26	condition	condition	NOUN
hassl-907	179	27	of	of	ADP
hassl-907	179	28	the	the	DET
hassl-907	179	29	series	series	NOUN
hassl-907	179	30	.	.	PUNCT
hassl-907	180	1	the	the	DET
hassl-907	180	2	optimal	optimal	ADJ
hassl-907	180	3	lag	lag	NOUN
hassl-907	180	4	length	length	NOUN
hassl-907	180	5	of	of	ADP
hassl-907	180	6	the	the	DET
hassl-907	180	7	adf	adf	NOUN
hassl-907	180	8	and	and	CCONJ
hassl-907	180	9	pp	pp	NUM
hassl-907	180	10	tests	test	NOUN
hassl-907	180	11	are	be	AUX
hassl-907	180	12	determined	determine	VERB
hassl-907	180	13	by	by	ADP
hassl-907	180	14	the	the	DET
hassl-907	180	15	schwarz	schwarz	PROPN
hassl-907	180	16	information	information	NOUN
hassl-907	180	17	criterion	criterion	NOUN
hassl-907	180	18	(	(	PUNCT
hassl-907	180	19	sic	sic	ADJ
hassl-907	180	20	)	)	PUNCT
hassl-907	180	21	.	.	PUNCT
hassl-907	181	1	the	the	DET
hassl-907	181	2	null	null	ADJ
hassl-907	181	3	hypothesis	hypothesis	NOUN
hassl-907	181	4	of	of	ADP
hassl-907	181	5	the	the	DET
hassl-907	181	6	adf	adf	NOUN
hassl-907	181	7	and	and	CCONJ
hassl-907	181	8	pp	pp	ADJ
hassl-907	181	9	tests	test	NOUN
hassl-907	181	10	is	be	AUX
hassl-907	181	11	that	that	SCONJ
hassl-907	181	12	the	the	DET
hassl-907	181	13	series	series	NOUN
hassl-907	181	14	has	have	VERB
hassl-907	181	15	a	a	DET
hassl-907	181	16	unit	unit	NOUN
hassl-907	181	17	root	root	NOUN
hassl-907	181	18	.	.	PUNCT
hassl-907	182	1	table	table	NOUN
hassl-907	182	2	4	4	NUM
hassl-907	182	3	displays	display	VERB
hassl-907	182	4	the	the	DET
hassl-907	182	5	results	result	NOUN
hassl-907	182	6	of	of	ADP
hassl-907	182	7	the	the	DET
hassl-907	182	8	unit	unit	NOUN
hassl-907	182	9	root	root	NOUN
hassl-907	182	10	tests	test	NOUN
hassl-907	182	11	.	.	PUNCT
hassl-907	183	1	it	it	PRON
hassl-907	183	2	shows	show	VERB
hassl-907	183	3	that	that	SCONJ
hassl-907	183	4	both	both	CCONJ
hassl-907	183	5	the	the	DET
hassl-907	183	6	adf	adf	NOUN
hassl-907	183	7	and	and	CCONJ
hassl-907	183	8	pp	pp	PROPN
hassl-907	183	9	tests	test	NOUN
hassl-907	183	10	do	do	AUX
hassl-907	183	11	not	not	PART
hassl-907	183	12	reject	reject	VERB
hassl-907	183	13	the	the	DET
hassl-907	183	14	null	null	ADJ
hassl-907	183	15	hypothesis	hypothesis	NOUN
hassl-907	183	16	of	of	ADP
hassl-907	183	17	non	non	ADJ
hassl-907	183	18	-	-	NOUN
hassl-907	183	19	stationarity	stationarity	NOUN
hassl-907	183	20	for	for	ADP
hassl-907	183	21	all	all	DET
hassl-907	183	22	the	the	DET
hassl-907	183	23	series	series	NOUN
hassl-907	183	24	at	at	ADP
hassl-907	183	25	the	the	DET
hassl-907	183	26	level	level	NOUN
hassl-907	183	27	form	form	NOUN
hassl-907	183	28	.	.	PUNCT
hassl-907	184	1	however	however	ADV
hassl-907	184	2	,	,	PUNCT
hassl-907	184	3	the	the	DET
hassl-907	184	4	test	test	NOUN
hassl-907	184	5	is	be	AUX
hassl-907	184	6	rejected	reject	VERB
hassl-907	184	7	when	when	SCONJ
hassl-907	184	8	the	the	DET
hassl-907	184	9	series	series	NOUN
hassl-907	184	10	are	be	AUX
hassl-907	184	11	first	first	ADV
hassl-907	184	12	differenced	difference	VERB
hassl-907	184	13	.	.	PUNCT
hassl-907	185	1	since	since	SCONJ
hassl-907	185	2	the	the	DET
hassl-907	185	3	series	series	NOUN
hassl-907	185	4	are	be	AUX
hassl-907	185	5	integrated	integrate	VERB
hassl-907	185	6	of	of	ADP
hassl-907	185	7	order	order	NOUN
hassl-907	185	8	one	one	NUM
hassl-907	185	9	,	,	PUNCT
hassl-907	185	10	it	it	PRON
hassl-907	185	11	is	be	AUX
hassl-907	185	12	possible	possible	ADJ
hassl-907	185	13	to	to	PART
hassl-907	185	14	conduct	conduct	VERB
hassl-907	185	15	a	a	DET
hassl-907	185	16	cointegration	cointegration	NOUN
hassl-907	185	17	analysis	analysis	NOUN
hassl-907	185	18	to	to	PART
hassl-907	185	19	investigate	investigate	VERB
hassl-907	185	20	the	the	DET
hassl-907	185	21	relationship	relationship	NOUN
hassl-907	185	22	between	between	ADP
hassl-907	185	23	etf	etf	NOUN
hassl-907	185	24	and	and	CCONJ
hassl-907	185	25	benchmark	benchmark	NOUN
hassl-907	185	26	index	index	NOUN
hassl-907	185	27	prices	price	NOUN
hassl-907	185	28	.	.	PUNCT
hassl-907	186	1	the	the	DET
hassl-907	186	2	cointegration	cointegration	NOUN
hassl-907	186	3	relationship	relationship	NOUN
hassl-907	186	4	between	between	ADP
hassl-907	186	5	etf	etf	NOUN
hassl-907	186	6	and	and	CCONJ
hassl-907	186	7	benchmark	benchmark	NOUN
hassl-907	186	8	index	index	NOUN
hassl-907	186	9	prices	price	NOUN
hassl-907	186	10	is	be	AUX
hassl-907	186	11	first	first	ADV
hassl-907	186	12	tested	test	VERB
hassl-907	186	13	based	base	VERB
hassl-907	186	14	on	on	ADP
hassl-907	186	15	the	the	DET
hassl-907	186	16	englegranger	englegranger	ADJ
hassl-907	186	17	two	two	NUM
hassl-907	186	18	-	-	PUNCT
hassl-907	186	19	step	step	NOUN
hassl-907	186	20	approach	approach	NOUN
hassl-907	186	21	,	,	PUNCT
hassl-907	186	22	and	and	CCONJ
hassl-907	186	23	the	the	DET
hassl-907	186	24	results	result	NOUN
hassl-907	186	25	are	be	AUX
hassl-907	186	26	reported	report	VERB
hassl-907	186	27	in	in	ADP
hassl-907	186	28	table	table	NOUN
hassl-907	186	29	5	5	NUM
hassl-907	186	30	.	.	PUNCT
hassl-907	187	1	the	the	DET
hassl-907	187	2	adf	adf	PROPN
hassl-907	187	3	test	test	NOUN
hassl-907	187	4	results	result	NOUN
hassl-907	187	5	from	from	ADP
hassl-907	187	6	the	the	DET
hassl-907	187	7	engle	engle	NOUN
hassl-907	187	8	-	-	PUNCT
hassl-907	187	9	granger	granger	PROPN
hassl-907	187	10	cointegration	cointegration	PROPN
hassl-907	187	11	test	test	NOUN
hassl-907	187	12	reject	reject	VERB
hassl-907	187	13	the	the	DET
hassl-907	187	14	null	null	ADJ
hassl-907	187	15	hypothesis	hypothesis	NOUN
hassl-907	187	16	of	of	ADP
hassl-907	187	17	no	no	DET
hassl-907	187	18	cointegration	cointegration	NOUN
hassl-907	187	19	between	between	ADP
hassl-907	187	20	etf	etf	NOUN
hassl-907	187	21	and	and	CCONJ
hassl-907	187	22	benchmark	benchmark	NOUN
hassl-907	187	23	index	index	NOUN
hassl-907	187	24	prices	price	NOUN
hassl-907	187	25	for	for	ADP
hassl-907	187	26	all	all	DET
hassl-907	187	27	the	the	DET
hassl-907	187	28	countries	country	NOUN
hassl-907	187	29	.	.	PUNCT
hassl-907	188	1	this	this	DET
hassl-907	188	2	result	result	NOUN
hassl-907	188	3	implies	imply	VERB
hassl-907	188	4	that	that	SCONJ
hassl-907	188	5	etf	etf	NOUN
hassl-907	188	6	prices	price	NOUN
hassl-907	188	7	have	have	VERB
hassl-907	188	8	a	a	DET
hassl-907	188	9	cointegrated	cointegrate	VERB
hassl-907	188	10	relationship	relationship	NOUN
hassl-907	188	11	with	with	ADP
hassl-907	188	12	the	the	DET
hassl-907	188	13	benchmark	benchmark	ADJ
hassl-907	188	14	index	index	NOUN
hassl-907	188	15	prices	price	NOUN
hassl-907	188	16	.	.	PUNCT
hassl-907	189	1	a	a	DET
hassl-907	189	2	cointegrating	cointegrate	VERB
hassl-907	189	3	relationship	relationship	NOUN
hassl-907	189	4	implies	imply	VERB
hassl-907	189	5	that	that	SCONJ
hassl-907	189	6	any	any	DET
hassl-907	189	7	deviations	deviation	NOUN
hassl-907	189	8	between	between	ADP
hassl-907	189	9	the	the	DET
hassl-907	189	10	two	two	NUM
hassl-907	189	11	prices	price	NOUN
hassl-907	189	12	will	will	AUX
hassl-907	189	13	be	be	AUX
hassl-907	189	14	corrected	correct	VERB
hassl-907	189	15	even	even	ADV
hassl-907	189	16	when	when	SCONJ
hassl-907	189	17	each	each	DET
hassl-907	189	18	price	price	NOUN
hassl-907	189	19	is	be	AUX
hassl-907	189	20	integrated	integrate	VERB
hassl-907	189	21	,	,	PUNCT
hassl-907	189	22	and	and	CCONJ
hassl-907	189	23	each	each	PRON
hassl-907	189	24	may	may	AUX
hassl-907	189	25	be	be	AUX
hassl-907	189	26	very	very	ADV
hassl-907	189	27	close	close	ADJ
hassl-907	189	28	to	to	ADP
hassl-907	189	29	a	a	DET
hassl-907	189	30	random	random	ADJ
hassl-907	189	31	walk	walk	NOUN
hassl-907	189	32	(	(	PUNCT
hassl-907	189	33	engle	engle	PROPN
hassl-907	189	34	&	&	CCONJ
hassl-907	189	35	sarkar	sarkar	PROPN
hassl-907	189	36	,	,	PUNCT
hassl-907	189	37	2006	2006	NUM
hassl-907	189	38	)	)	PUNCT
hassl-907	189	39	.	.	PUNCT
hassl-907	190	1	in	in	ADP
hassl-907	190	2	other	other	ADJ
hassl-907	190	3	words	word	NOUN
hassl-907	190	4	,	,	PUNCT
hassl-907	190	5	any	any	DET
hassl-907	190	6	disequilibrium	disequilibrium	NOUN
hassl-907	190	7	in	in	ADP
hassl-907	190	8	prices	price	NOUN
hassl-907	190	9	resulting	result	VERB
hassl-907	190	10	in	in	ADP
hassl-907	190	11	one	one	NUM
hassl-907	190	12	market	market	NOUN
hassl-907	190	13	would	would	AUX
hassl-907	190	14	be	be	AUX
hassl-907	190	15	corrected	correct	VERB
hassl-907	190	16	in	in	ADP
hassl-907	190	17	the	the	DET
hassl-907	190	18	long	long	ADJ
hassl-907	190	19	run	run	NOUN
hassl-907	190	20	(	(	PUNCT
hassl-907	190	21	sharma	sharma	PROPN
hassl-907	190	22	et	et	PROPN
hassl-907	190	23	al	al	PROPN
hassl-907	190	24	.	.	PROPN
hassl-907	190	25	,	,	PUNCT
hassl-907	190	26	2019	2019	NUM
hassl-907	190	27	)	)	PUNCT
hassl-907	190	28	.	.	PUNCT
hassl-907	191	1	table-5	table-5	PROPN
hassl-907	191	2	.	.	PUNCT
hassl-907	192	1	adf	adf	PROPN
hassl-907	192	2	test	test	NOUN
hassl-907	192	3	results	result	NOUN
hassl-907	192	4	from	from	ADP
hassl-907	192	5	the	the	DET
hassl-907	192	6	engle	engle	NOUN
hassl-907	192	7	-	-	PUNCT
hassl-907	192	8	granger	granger	PROPN
hassl-907	192	9	cointegration	cointegration	NOUN
hassl-907	192	10	test	test	NOUN
hassl-907	192	11	residuals	residual	NOUN
hassl-907	192	12	.	.	PUNCT
hassl-907	193	1	dependent	dependent	ADJ
hassl-907	193	2	variable	variable	ADJ
hassl-907	193	3	benchmark	benchmark	NOUN
hassl-907	193	4	index	index	NOUN
hassl-907	193	5	etf	etf	NOUN
hassl-907	193	6	tau	tau	PROPN
hassl-907	193	7	-	-	PUNCT
hassl-907	193	8	statistic	statistic	ADJ
hassl-907	193	9	z	z	NOUN
hassl-907	193	10	-	-	PUNCT
hassl-907	193	11	statistic	statistic	ADJ
hassl-907	193	12	tau	tau	NOUN
hassl-907	193	13	-	-	PUNCT
hassl-907	193	14	statistic	statistic	ADJ
hassl-907	193	15	z	z	NOUN
hassl-907	193	16	-	-	PUNCT
hassl-907	193	17	statistic	statistic	ADJ
hassl-907	193	18	australia	australia	PROPN
hassl-907	193	19	-3.9958	-3.9958	NOUN
hassl-907	193	20	*	*	PUNCT
hassl-907	193	21	-33.4918	-33.4918	PROPN
hassl-907	193	22	*	*	NOUN
hassl-907	193	23	-4.1062	-4.1062	NOUN
hassl-907	193	24	*	*	PUNCT
hassl-907	193	25	-35.3214	-35.3214	PUNCT
hassl-907	193	26	*	*	VERB
hassl-907	193	27	china	china	NOUN
hassl-907	193	28	-7.0522	-7.0522	PROPN
hassl-907	193	29	*	*	PUNCT
hassl-907	194	1	-112.2536	-112.2536	NOUN
hassl-907	194	2	*	*	PUNCT
hassl-907	194	3	-7.0914	-7.0914	PROPN
hassl-907	194	4	*	*	PUNCT
hassl-907	194	5	-113.8169	-113.8169	PROPN
hassl-907	194	6	*	*	PUNCT
hassl-907	194	7	hong	hong	PROPN
hassl-907	194	8	kong	kong	PROPN
hassl-907	194	9	-5.1089	-5.1089	PROPN
hassl-907	194	10	*	*	PUNCT
hassl-907	194	11	-56.5244	-56.5244	PROPN
hassl-907	194	12	*	*	X
hassl-907	194	13	-5.5201	-5.5201	X
hassl-907	194	14	*	*	PUNCT
hassl-907	194	15	-66.2145	-66.2145	PUNCT
hassl-907	194	16	*	*	PUNCT
hassl-907	194	17	india	india	PROPN
hassl-907	194	18	-4.7274	-4.7274	PROPN
hassl-907	194	19	*	*	PUNCT
hassl-907	194	20	-47.5411	-47.5411	PROPN
hassl-907	194	21	*	*	PUNCT
hassl-907	194	22	-4.8089	-4.8089	NOUN
hassl-907	194	23	*	*	PUNCT
hassl-907	194	24	-49.4448	-49.4448	PUNCT
hassl-907	194	25	*	*	VERB
hassl-907	194	26	japan	japan	PROPN
hassl-907	194	27	-11.1743	-11.1743	PROPN
hassl-907	194	28	*	*	PUNCT
hassl-907	194	29	-350.1464	-350.1464	PROPN
hassl-907	194	30	*	*	PUNCT
hassl-907	194	31	-11.1921	-11.1921	PROPN
hassl-907	194	32	*	*	PROPN
hassl-907	194	33	-351.8673	-351.8673	PROPN
hassl-907	194	34	*	*	PROPN
hassl-907	194	35	korea	korea	PROPN
hassl-907	194	36	-4.8805	-4.8805	PROPN
hassl-907	194	37	*	*	PUNCT
hassl-907	194	38	-47.5430	-47.5430	PUNCT
hassl-907	194	39	*	*	NUM
hassl-907	194	40	-5.9021	-5.9021	NOUN
hassl-907	194	41	*	*	PUNCT
hassl-907	194	42	-72.2963	-72.2963	PUNCT
hassl-907	194	43	*	*	VERB
hassl-907	194	44	new	new	PROPN
hassl-907	194	45	zealand	zealand	PROPN
hassl-907	194	46	-7.1235	-7.1235	PROPN
hassl-907	194	47	*	*	PUNCT
hassl-907	194	48	-121.2674	-121.2674	PROPN
hassl-907	194	49	*	*	PUNCT
hassl-907	194	50	-7.1231	-7.1231	PUNCT
hassl-907	194	51	*	*	PUNCT
hassl-907	195	1	-121.5015	-121.5015	PROPN
hassl-907	195	2	*	*	PROPN
hassl-907	195	3	singapore	singapore	PROPN
hassl-907	195	4	-3.3958	-3.3958	PROPN
hassl-907	196	1	*	*	PUNCT
hassl-907	196	2	-22.8289	-22.8289	PUNCT
hassl-907	196	3	*	*	PUNCT
hassl-907	196	4	-3.5082	-3.5082	PROPN
hassl-907	196	5	*	*	SYM
hassl-907	196	6	-24.3843	-24.3843	PROPN
hassl-907	196	7	*	*	PROPN
hassl-907	196	8	taiwan	taiwan	PROPN
hassl-907	196	9	-7.5106	-7.5106	PROPN
hassl-907	196	10	*	*	PUNCT
hassl-907	197	1	-134.0989	-134.0989	PROPN
hassl-907	197	2	*	*	INTJ
hassl-907	197	3	-7.5432	-7.5432	NOUN
hassl-907	197	4	*	*	PUNCT
hassl-907	198	1	-135.9102	-135.9102	PUNCT
hassl-907	198	2	*	*	PUNCT
hassl-907	198	3	thailand	thailand	PROPN
hassl-907	198	4	-11.2180	-11.2180	PROPN
hassl-907	198	5	*	*	PUNCT
hassl-907	198	6	-350.9662	-350.9662	PROPN
hassl-907	198	7	*	*	PUNCT
hassl-907	198	8	-11.2820	-11.2820	PROPN
hassl-907	198	9	*	*	PUNCT
hassl-907	198	10	-356.4964	-356.4964	PROPN
hassl-907	198	11	*	*	NOUN
hassl-907	198	12	note	note	NOUN
hassl-907	198	13	:	:	PUNCT
hassl-907	198	14	*	*	PUNCT
hassl-907	198	15	denotes	denote	NOUN
hassl-907	198	16	rejection	rejection	NOUN
hassl-907	198	17	at	at	ADP
hassl-907	198	18	the	the	DET
hassl-907	198	19	5	5	NUM
hassl-907	198	20	%	%	NOUN
hassl-907	198	21	significance	significance	NOUN
hassl-907	198	22	level	level	NOUN
hassl-907	198	23	.	.	PUNCT
hassl-907	199	1	for	for	ADP
hassl-907	199	2	robustness	robustness	NOUN
hassl-907	199	3	,	,	PUNCT
hassl-907	199	4	the	the	DET
hassl-907	199	5	cointegration	cointegration	NOUN
hassl-907	199	6	between	between	ADP
hassl-907	199	7	the	the	DET
hassl-907	199	8	etf	etf	NOUN
hassl-907	199	9	and	and	CCONJ
hassl-907	199	10	benchmark	benchmark	NOUN
hassl-907	199	11	index	index	NOUN
hassl-907	199	12	prices	price	NOUN
hassl-907	199	13	is	be	AUX
hassl-907	199	14	further	far	ADV
hassl-907	199	15	examined	examine	VERB
hassl-907	199	16	using	use	VERB
hassl-907	199	17	cointegration	cointegration	NOUN
hassl-907	199	18	with	with	ADP
hassl-907	199	19	the	the	DET
hassl-907	199	20	structural	structural	ADJ
hassl-907	199	21	break	break	NOUN
hassl-907	199	22	proposed	propose	VERB
hassl-907	199	23	by	by	ADP
hassl-907	199	24	gregory	gregory	PROPN
hassl-907	199	25	&	&	CCONJ
hassl-907	199	26	hansen	hansen	PROPN
hassl-907	199	27	(	(	PUNCT
hassl-907	199	28	1996	1996	NUM
hassl-907	199	29	)	)	PUNCT
hassl-907	199	30	.	.	PUNCT
hassl-907	200	1	this	this	DET
hassl-907	200	2	model	model	NOUN
hassl-907	200	3	is	be	AUX
hassl-907	200	4	used	use	VERB
hassl-907	200	5	to	to	PART
hassl-907	200	6	check	check	VERB
hassl-907	200	7	whether	whether	SCONJ
hassl-907	200	8	the	the	DET
hassl-907	200	9	structural	structural	ADJ
hassl-907	200	10	break	break	NOUN
hassl-907	200	11	would	would	AUX
hassl-907	200	12	affect	affect	VERB
hassl-907	200	13	the	the	DET
hassl-907	200	14	cointegration	cointegration	NOUN
hassl-907	200	15	relationship	relationship	NOUN
hassl-907	200	16	.	.	PUNCT
hassl-907	201	1	according	accord	VERB
hassl-907	201	2	to	to	ADP
hassl-907	201	3	ghosh	ghosh	PROPN
hassl-907	201	4	&	&	CCONJ
hassl-907	201	5	kanjilal	kanjilal	PROPN
hassl-907	201	6	(	(	PUNCT
hassl-907	201	7	2016	2016	NUM
hassl-907	201	8	)	)	PUNCT
hassl-907	201	9	,	,	PUNCT
hassl-907	201	10	the	the	DET
hassl-907	201	11	shock	shock	NOUN
hassl-907	201	12	of	of	ADP
hassl-907	201	13	external	external	ADJ
hassl-907	201	14	events	event	NOUN
hassl-907	201	15	,	,	PUNCT
hassl-907	201	16	such	such	ADJ
hassl-907	201	17	as	as	ADP
hassl-907	201	18	economic	economic	ADJ
hassl-907	201	19	crises	crisis	NOUN
hassl-907	201	20	,	,	PUNCT
hassl-907	201	21	technological	technological	ADJ
hassl-907	201	22	shocks	shock	NOUN
hassl-907	201	23	,	,	PUNCT
hassl-907	201	24	and	and	CCONJ
hassl-907	201	25	policy	policy	NOUN
hassl-907	201	26	changes	change	NOUN
hassl-907	201	27	,	,	PUNCT
hassl-907	201	28	may	may	AUX
hassl-907	201	29	affect	affect	VERB
hassl-907	201	30	the	the	DET
hassl-907	201	31	cointegration	cointegration	NOUN
hassl-907	201	32	test	test	NOUN
hassl-907	201	33	results	result	NOUN
hassl-907	201	34	in	in	ADP
hassl-907	201	35	long	long	ADJ
hassl-907	201	36	time	time	NOUN
hassl-907	201	37	-	-	PUNCT
hassl-907	201	38	series	series	NOUN
hassl-907	201	39	data	datum	NOUN
hassl-907	201	40	.	.	PUNCT
hassl-907	202	1	the	the	DET
hassl-907	202	2	gregory	gregory	PROPN
hassl-907	202	3	and	and	CCONJ
hassl-907	202	4	hansen	hansen	PROPN
hassl-907	202	5	test	test	PROPN
hassl-907	202	6	can	can	AUX
hassl-907	202	7	be	be	AUX
hassl-907	202	8	used	use	VERB
hassl-907	202	9	for	for	ADP
hassl-907	202	10	single	single	ADJ
hassl-907	202	11	breakpoints	breakpoint	NOUN
hassl-907	202	12	and	and	CCONJ
hassl-907	202	13	when	when	SCONJ
hassl-907	202	14	the	the	DET
hassl-907	202	15	break	break	NOUN
hassl-907	202	16	is	be	AUX
hassl-907	202	17	unknown	unknown	ADJ
hassl-907	202	18	.	.	PUNCT
hassl-907	203	1	this	this	DET
hassl-907	203	2	study	study	NOUN
hassl-907	203	3	determines	determine	VERB
hassl-907	203	4	the	the	DET
hassl-907	203	5	break	break	NOUN
hassl-907	203	6	date	date	NOUN
hassl-907	203	7	by	by	ADP
hassl-907	203	8	estimating	estimate	VERB
hassl-907	203	9	the	the	DET
hassl-907	203	10	cointegration	cointegration	NOUN
hassl-907	203	11	equations	equation	NOUN
hassl-907	203	12	for	for	ADP
hassl-907	203	13	all	all	DET
hassl-907	203	14	possible	possible	ADJ
hassl-907	203	15	break	break	NOUN
hassl-907	203	16	dates	date	NOUN
hassl-907	203	17	.	.	PUNCT
hassl-907	204	1	the	the	DET
hassl-907	204	2	null	null	ADJ
hassl-907	204	3	hypothesis	hypothesis	NOUN
hassl-907	204	4	of	of	ADP
hassl-907	204	5	the	the	DET
hassl-907	204	6	gregory	gregory	PROPN
hassl-907	204	7	–	–	PUNCT
hassl-907	204	8	hansen	hansen	PROPN
hassl-907	204	9	cointegration	cointegration	PROPN
hassl-907	204	10	test	test	NOUN
hassl-907	204	11	is	be	AUX
hassl-907	204	12	that	that	SCONJ
hassl-907	204	13	there	there	PRON
hassl-907	204	14	is	be	VERB
hassl-907	204	15	no	no	DET
hassl-907	204	16	cointegration	cointegration	NOUN
hassl-907	204	17	against	against	ADP
hassl-907	204	18	the	the	DET
hassl-907	204	19	alternative	alternative	ADJ
hassl-907	204	20	hypothesis	hypothesis	NOUN
hassl-907	204	21	of	of	ADP
hassl-907	204	22	a	a	DET
hassl-907	204	23	cointegrating	cointegrate	VERB
hassl-907	204	24	relationship	relationship	NOUN
hassl-907	204	25	with	with	ADP
hassl-907	204	26	a	a	DET
hassl-907	204	27	structural	structural	ADJ
hassl-907	204	28	break	break	NOUN
hassl-907	204	29	.	.	PUNCT
hassl-907	205	1	the	the	DET
hassl-907	205	2	null	null	ADJ
hassl-907	205	3	hypothesis	hypothesis	NOUN
hassl-907	205	4	of	of	ADP
hassl-907	205	5	no	no	DET
hassl-907	205	6	cointegration	cointegration	NOUN
hassl-907	205	7	is	be	AUX
hassl-907	205	8	rejected	reject	VERB
hassl-907	205	9	if	if	SCONJ
hassl-907	205	10	the	the	DET
hassl-907	205	11	test	test	NOUN
hassl-907	205	12	statistic	statistic	NOUN
hassl-907	205	13	obtained	obtain	VERB
hassl-907	205	14	from	from	ADP
hassl-907	205	15	the	the	DET
hassl-907	205	16	adf	adf	NOUN
hassl-907	205	17	test	test	NOUN
hassl-907	205	18	is	be	AUX
hassl-907	205	19	more	more	ADJ
hassl-907	205	20	than	than	ADP
hassl-907	205	21	the	the	DET
hassl-907	205	22	critical	critical	ADJ
hassl-907	205	23	value	value	NOUN
hassl-907	205	24	.	.	PUNCT
hassl-907	206	1	table	table	NOUN
hassl-907	206	2	6	6	NUM
hassl-907	206	3	displays	display	VERB
hassl-907	206	4	the	the	DET
hassl-907	206	5	results	result	NOUN
hassl-907	206	6	of	of	ADP
hassl-907	206	7	the	the	DET
hassl-907	206	8	test	test	NOUN
hassl-907	206	9	for	for	ADP
hassl-907	206	10	cointegration	cointegration	NOUN
hassl-907	206	11	with	with	ADP
hassl-907	206	12	a	a	DET
hassl-907	206	13	structural	structural	ADJ
hassl-907	206	14	break	break	NOUN
hassl-907	206	15	.	.	PUNCT
hassl-907	207	1	it	it	PRON
hassl-907	207	2	can	can	AUX
hassl-907	207	3	be	be	AUX
hassl-907	207	4	observed	observe	VERB
hassl-907	207	5	that	that	SCONJ
hassl-907	207	6	the	the	DET
hassl-907	207	7	adf	adf	PROPN
hassl-907	207	8	test	test	NOUN
hassl-907	207	9	statistic	statistic	PROPN
hassl-907	207	10	rejects	reject	VERB
hassl-907	207	11	the	the	DET
hassl-907	207	12	null	null	ADJ
hassl-907	207	13	hypothesis	hypothesis	NOUN
hassl-907	207	14	of	of	ADP
hassl-907	207	15	no	no	DET
hassl-907	207	16	cointegration	cointegration	NOUN
hassl-907	207	17	at	at	ADP
hassl-907	207	18	the	the	DET
hassl-907	207	19	5	5	NUM
hassl-907	207	20	%	%	NOUN
hassl-907	207	21	level	level	NOUN
hassl-907	207	22	of	of	ADP
hassl-907	207	23	significance	significance	NOUN
hassl-907	207	24	for	for	ADP
hassl-907	207	25	all	all	DET
hassl-907	207	26	the	the	DET
hassl-907	207	27	countries	country	NOUN
hassl-907	207	28	.	.	PUNCT
hassl-907	208	1	these	these	DET
hassl-907	208	2	results	result	NOUN
hassl-907	208	3	confirm	confirm	VERB
hassl-907	208	4	a	a	DET
hassl-907	208	5	cointegration	cointegration	NOUN
hassl-907	208	6	relationship	relationship	NOUN
hassl-907	208	7	between	between	ADP
hassl-907	208	8	the	the	DET
hassl-907	208	9	etf	etf	NOUN
hassl-907	208	10	and	and	CCONJ
hassl-907	208	11	the	the	DET
hassl-907	208	12	benchmark	benchmark	NOUN
hassl-907	208	13	index	index	NOUN
hassl-907	208	14	,	,	PUNCT
hassl-907	208	15	as	as	SCONJ
hassl-907	208	16	suggested	suggest	VERB
hassl-907	208	17	by	by	ADP
hassl-907	208	18	engle	engle	PROPN
hassl-907	208	19	–	–	PUNCT
hassl-907	208	20	granger	granger	PROPN
hassl-907	208	21	's	's	PART
hassl-907	208	22	two	two	NUM
hassl-907	208	23	-	-	PUNCT
hassl-907	208	24	step	step	NOUN
hassl-907	208	25	approach	approach	NOUN
hassl-907	208	26	.	.	PUNCT
hassl-907	209	1	given	give	VERB
hassl-907	209	2	the	the	DET
hassl-907	209	3	results	result	NOUN
hassl-907	209	4	of	of	ADP
hassl-907	209	5	the	the	DET
hassl-907	209	6	engle	engle	NOUN
hassl-907	209	7	-	-	PUNCT
hassl-907	209	8	granger	granger	PROPN
hassl-907	209	9	two	two	NUM
hassl-907	209	10	-	-	PUNCT
hassl-907	209	11	step	step	NOUN
hassl-907	209	12	approach	approach	NOUN
hassl-907	209	13	and	and	CCONJ
hassl-907	209	14	the	the	DET
hassl-907	209	15	gregory	gregory	PROPN
hassl-907	209	16	and	and	CCONJ
hassl-907	209	17	hansen	hansen	PROPN
hassl-907	209	18	test	test	PROPN
hassl-907	209	19	,	,	PUNCT
hassl-907	209	20	we	we	PRON
hassl-907	209	21	can	can	AUX
hassl-907	209	22	conclude	conclude	VERB
hassl-907	209	23	that	that	SCONJ
hassl-907	209	24	there	there	PRON
hassl-907	209	25	is	be	VERB
hassl-907	209	26	a	a	DET
hassl-907	209	27	long	long	ADV
hassl-907	209	28	-	-	PUNCT
hassl-907	209	29	run	run	NOUN
hassl-907	209	30	relationship	relationship	NOUN
hassl-907	209	31	between	between	ADP
hassl-907	209	32	the	the	DET
hassl-907	209	33	etf	etf	NOUN
hassl-907	209	34	and	and	CCONJ
hassl-907	209	35	benchmark	benchmark	NOUN
hassl-907	209	36	index	index	NOUN
hassl-907	209	37	prices	price	NOUN
hassl-907	209	38	for	for	ADP
hassl-907	209	39	all	all	DET
hassl-907	209	40	the	the	DET
hassl-907	209	41	countries	country	NOUN
hassl-907	209	42	under	under	ADP
hassl-907	209	43	study	study	NOUN
hassl-907	209	44	.	.	PUNCT
hassl-907	210	1	from	from	ADP
hassl-907	210	2	an	an	DET
hassl-907	210	3	investment	investment	NOUN
hassl-907	210	4	perspective	perspective	NOUN
hassl-907	210	5	,	,	PUNCT
hassl-907	210	6	cointegration	cointegration	NOUN
hassl-907	210	7	between	between	ADP
hassl-907	210	8	the	the	DET
hassl-907	210	9	etf	etf	NOUN
hassl-907	210	10	and	and	CCONJ
hassl-907	210	11	benchmark	benchmark	NOUN
hassl-907	210	12	index	index	NOUN
hassl-907	210	13	prices	price	NOUN
hassl-907	210	14	provides	provide	VERB
hassl-907	210	15	an	an	DET
hassl-907	210	16	opportunity	opportunity	NOUN
hassl-907	210	17	for	for	SCONJ
hassl-907	210	18	traders	trader	NOUN
hassl-907	210	19	to	to	PART
hassl-907	210	20	arbitrage	arbitrage	VERB
hassl-907	210	21	the	the	DET
hassl-907	210	22	market	market	NOUN
hassl-907	210	23	.	.	PUNCT
hassl-907	211	1	humanities	humanity	NOUN
hassl-907	211	2	and	and	CCONJ
hassl-907	211	3	social	social	ADJ
hassl-907	211	4	sciences	science	NOUN
hassl-907	211	5	letters	letter	NOUN
hassl-907	211	6	,	,	PUNCT
hassl-907	211	7	2021	2021	NUM
hassl-907	211	8	,	,	PUNCT
hassl-907	211	9	9(4	9(4	NUM
hassl-907	211	10	):	):	PUNCT
hassl-907	211	11	389	389	NUM
hassl-907	211	12	-	-	SYM
hassl-907	211	13	402	402	NUM
hassl-907	211	14	397	397	NUM
hassl-907	211	15	©	©	PROPN
hassl-907	211	16	2021	2021	NUM
hassl-907	211	17	conscientia	conscientia	PROPN
hassl-907	211	18	beam	beam	PROPN
hassl-907	211	19	.	.	PUNCT
hassl-907	212	1	all	all	DET
hassl-907	212	2	rights	right	NOUN
hassl-907	212	3	reserved	reserve	VERB
hassl-907	212	4	.	.	PUNCT
hassl-907	213	1	table-6	table-6	PRON
hassl-907	213	2	.	.	NOUN
hassl-907	213	3	results	result	NOUN
hassl-907	213	4	of	of	ADP
hassl-907	213	5	the	the	DET
hassl-907	213	6	test	test	NOUN
hassl-907	213	7	for	for	ADP
hassl-907	213	8	cointegration	cointegration	NOUN
hassl-907	213	9	with	with	ADP
hassl-907	213	10	a	a	DET
hassl-907	213	11	structural	structural	ADJ
hassl-907	213	12	break	break	NOUN
hassl-907	213	13	.	.	PUNCT
hassl-907	214	1	country	country	NOUN
hassl-907	214	2	dependent	dependent	ADJ
hassl-907	214	3	variable	variable	ADJ
hassl-907	214	4	cointegration	cointegration	NOUN
hassl-907	214	5	model	model	NOUN
hassl-907	214	6	breakpoint	breakpoint	PROPN
hassl-907	214	7	adf	adf	PROPN
hassl-907	214	8	test	test	PROPN
hassl-907	214	9	statistic	statistic	NOUN
hassl-907	214	10	5	5	NUM
hassl-907	214	11	%	%	NOUN
hassl-907	214	12	critical	critical	ADJ
hassl-907	214	13	value	value	NOUN
hassl-907	214	14	australia	australia	PROPN
hassl-907	214	15	benchmark	benchmark	NOUN
hassl-907	214	16	cc	cc	PROPN
hassl-907	214	17	13	13	NUM
hassl-907	214	18	may	may	PROPN
hassl-907	214	19	2015	2015	NUM
hassl-907	214	20	-9.1008	-9.1008	NOUN
hassl-907	214	21	*	*	PUNCT
hassl-907	214	22	-4.61	-4.61	NOUN
hassl-907	214	23	index	index	NOUN
hassl-907	214	24	ct	ct	NOUN
hassl-907	214	25	2	2	NUM
hassl-907	214	26	september	september	PROPN
hassl-907	214	27	2015	2015	NUM
hassl-907	214	28	-14.3744	-14.3744	SYM
hassl-907	214	29	*	*	NUM
hassl-907	214	30	-4.99	-4.99	NUM
hassl-907	214	31	cs	cs	PROPN
hassl-907	214	32	7	7	NUM
hassl-907	214	33	july	july	PROPN
hassl-907	214	34	2015	2015	NUM
hassl-907	214	35	-9.6291	-9.6291	NOUN
hassl-907	214	36	*	*	PUNCT
hassl-907	214	37	-4.95	-4.95	PROPN
hassl-907	214	38	etf	etf	NOUN
hassl-907	214	39	cc	cc	PROPN
hassl-907	214	40	13	13	NUM
hassl-907	214	41	may	may	PROPN
hassl-907	214	42	2015	2015	NUM
hassl-907	214	43	-9.2084	-9.2084	NOUN
hassl-907	214	44	*	*	PUNCT
hassl-907	215	1	-4.61	-4.61	NOUN
hassl-907	215	2	ct	ct	NOUN
hassl-907	215	3	2	2	NUM
hassl-907	215	4	september	september	PROPN
hassl-907	215	5	2015	2015	NUM
hassl-907	215	6	-14.4751	-14.4751	NUM
hassl-907	215	7	*	*	PUNCT
hassl-907	215	8	-4.99	-4.99	NUM
hassl-907	215	9	cs	cs	PROPN
hassl-907	215	10	19	19	NUM
hassl-907	215	11	february	february	PROPN
hassl-907	215	12	2016	2016	NUM
hassl-907	215	13	-9.7278	-9.7278	NOUN
hassl-907	215	14	*	*	PUNCT
hassl-907	215	15	-4.95	-4.95	PROPN
hassl-907	215	16	china	china	PROPN
hassl-907	215	17	benchmark	benchmark	PROPN
hassl-907	215	18	cc	cc	PROPN
hassl-907	215	19	5	5	NUM
hassl-907	215	20	june	june	PROPN
hassl-907	215	21	2015	2015	NUM
hassl-907	215	22	-9.9665	-9.9665	NOUN
hassl-907	215	23	*	*	SYM
hassl-907	215	24	-4.61	-4.61	NOUN
hassl-907	215	25	index	index	NOUN
hassl-907	215	26	ct	ct	PROPN
hassl-907	215	27	18	18	NUM
hassl-907	215	28	may	may	PROPN
hassl-907	215	29	2015	2015	NUM
hassl-907	215	30	-13.6057	-13.6057	NOUN
hassl-907	215	31	*	*	PROPN
hassl-907	215	32	-4.99	-4.99	NUM
hassl-907	215	33	cs	cs	PROPN
hassl-907	215	34	5	5	NUM
hassl-907	215	35	june	june	PROPN
hassl-907	215	36	2015	2015	NUM
hassl-907	215	37	-10.1443	-10.1443	SYM
hassl-907	215	38	*	*	SYM
hassl-907	215	39	-4.95	-4.95	PROPN
hassl-907	215	40	etf	etf	NOUN
hassl-907	215	41	cc	cc	PROPN
hassl-907	215	42	16	16	NUM
hassl-907	215	43	june	june	PROPN
hassl-907	215	44	2015	2015	NUM
hassl-907	215	45	-10.0332	-10.0332	SYM
hassl-907	215	46	*	*	NUM
hassl-907	215	47	-4.61	-4.61	NOUN
hassl-907	215	48	ct	ct	NUM
hassl-907	215	49	18	18	NUM
hassl-907	215	50	may	may	PROPN
hassl-907	215	51	2015	2015	NUM
hassl-907	215	52	-13.7577	-13.7577	PROPN
hassl-907	215	53	*	*	PROPN
hassl-907	215	54	-4.99	-4.99	NUM
hassl-907	215	55	cs	cs	PROPN
hassl-907	215	56	5	5	NUM
hassl-907	215	57	june	june	PROPN
hassl-907	215	58	2015	2015	NUM
hassl-907	215	59	-10.2136	-10.2136	SYM
hassl-907	215	60	*	*	PROPN
hassl-907	215	61	-4.95	-4.95	PROPN
hassl-907	215	62	hong	hong	PROPN
hassl-907	215	63	kong	kong	PROPN
hassl-907	215	64	benchmark	benchmark	PROPN
hassl-907	215	65	cc	cc	PROPN
hassl-907	215	66	9	9	NUM
hassl-907	215	67	july	july	PROPN
hassl-907	215	68	2015	2015	NUM
hassl-907	215	69	-7.7408	-7.7408	NOUN
hassl-907	215	70	*	*	SYM
hassl-907	215	71	-4.61	-4.61	NOUN
hassl-907	215	72	index	index	NOUN
hassl-907	215	73	ct	ct	NUM
hassl-907	215	74	8	8	NUM
hassl-907	215	75	june	june	PROPN
hassl-907	215	76	2015	2015	NUM
hassl-907	215	77	-11.6568	-11.6568	SYM
hassl-907	215	78	*	*	PROPN
hassl-907	215	79	-4.99	-4.99	NUM
hassl-907	215	80	cs	cs	PROPN
hassl-907	215	81	9	9	NUM
hassl-907	215	82	july	july	PROPN
hassl-907	215	83	2015	2015	NUM
hassl-907	215	84	-7.7489	-7.7489	NOUN
hassl-907	215	85	*	*	SYM
hassl-907	215	86	-4.95	-4.95	PROPN
hassl-907	215	87	etf	etf	NOUN
hassl-907	215	88	cc	cc	PROPN
hassl-907	215	89	9	9	NUM
hassl-907	215	90	july	july	PROPN
hassl-907	215	91	2015	2015	NUM
hassl-907	215	92	-7.7854	-7.7854	SYM
hassl-907	215	93	*	*	PUNCT
hassl-907	215	94	-4.61	-4.61	NUM
hassl-907	215	95	ct	ct	NUM
hassl-907	215	96	5	5	NUM
hassl-907	215	97	june	june	PROPN
hassl-907	215	98	2015	2015	NUM
hassl-907	215	99	-11.8133	-11.8133	NOUN
hassl-907	215	100	*	*	NUM
hassl-907	215	101	-4.99	-4.99	NUM
hassl-907	215	102	cs	cs	PROPN
hassl-907	215	103	9	9	NUM
hassl-907	215	104	july	july	PROPN
hassl-907	215	105	2015	2015	NUM
hassl-907	215	106	-7.7953	-7.7953	NOUN
hassl-907	215	107	*	*	PUNCT
hassl-907	215	108	-4.95	-4.95	PROPN
hassl-907	215	109	india	india	PROPN
hassl-907	215	110	benchmark	benchmark	PROPN
hassl-907	215	111	cc	cc	PROPN
hassl-907	215	112	21	21	NUM
hassl-907	215	113	august	august	PROPN
hassl-907	215	114	2017	2017	NUM
hassl-907	215	115	-6.3647	-6.3647	NOUN
hassl-907	215	116	*	*	SYM
hassl-907	215	117	-4.61	-4.61	NOUN
hassl-907	215	118	index	index	NOUN
hassl-907	215	119	ct	ct	PROPN
hassl-907	215	120	26	26	NUM
hassl-907	215	121	july	july	PROPN
hassl-907	215	122	2017	2017	NUM
hassl-907	215	123	-9.7526	-9.7526	NUM
hassl-907	215	124	*	*	PUNCT
hassl-907	215	125	-4.99	-4.99	NUM
hassl-907	215	126	cs	cs	PROPN
hassl-907	215	127	30	30	NUM
hassl-907	215	128	july	july	PROPN
hassl-907	215	129	2015	2015	NUM
hassl-907	215	130	-7.4202	-7.4202	NOUN
hassl-907	215	131	*	*	PUNCT
hassl-907	215	132	-4.95	-4.95	PROPN
hassl-907	215	133	etf	etf	NOUN
hassl-907	215	134	cc	cc	PROPN
hassl-907	215	135	21	21	NUM
hassl-907	215	136	august	august	PROPN
hassl-907	215	137	2017	2017	NUM
hassl-907	215	138	-6.4245	-6.4245	NOUN
hassl-907	215	139	*	*	SYM
hassl-907	215	140	-4.61	-4.61	NOUN
hassl-907	215	141	ct	ct	NUM
hassl-907	215	142	26	26	NUM
hassl-907	215	143	july	july	PROPN
hassl-907	215	144	2017	2017	NUM
hassl-907	215	145	-9.9003	-9.9003	NOUN
hassl-907	215	146	*	*	PUNCT
hassl-907	215	147	-4.99	-4.99	NUM
hassl-907	215	148	cs	cs	PROPN
hassl-907	215	149	30	30	NUM
hassl-907	215	150	july	july	PROPN
hassl-907	215	151	2015	2015	NUM
hassl-907	215	152	-7.5867	-7.5867	NOUN
hassl-907	215	153	*	*	SYM
hassl-907	215	154	-4.95	-4.95	PROPN
hassl-907	215	155	japan	japan	PROPN
hassl-907	215	156	benchmark	benchmark	PROPN
hassl-907	215	157	cc	cc	PROPN
hassl-907	215	158	14	14	NUM
hassl-907	215	159	december	december	PROPN
hassl-907	215	160	2015	2015	NUM
hassl-907	215	161	-10.8512	-10.8512	SYM
hassl-907	215	162	*	*	SYM
hassl-907	215	163	-4.61	-4.61	NOUN
hassl-907	215	164	index	index	NOUN
hassl-907	215	165	ct	ct	NUM
hassl-907	215	166	17	17	NUM
hassl-907	215	167	june	june	PROPN
hassl-907	215	168	2016	2016	NUM
hassl-907	215	169	-20.7127	-20.7127	SYM
hassl-907	215	170	*	*	NUM
hassl-907	215	171	-4.99	-4.99	NUM
hassl-907	215	172	cs	cs	PROPN
hassl-907	215	173	14	14	NUM
hassl-907	215	174	december	december	PROPN
hassl-907	215	175	2015	2015	NUM
hassl-907	215	176	-10.8902	-10.8902	PUNCT
hassl-907	215	177	*	*	PUNCT
hassl-907	215	178	-4.95	-4.95	PROPN
hassl-907	215	179	etf	etf	NOUN
hassl-907	215	180	cc	cc	PROPN
hassl-907	215	181	16	16	NUM
hassl-907	215	182	december	december	PROPN
hassl-907	215	183	2015	2015	NUM
hassl-907	215	184	-10.8485	-10.8485	SYM
hassl-907	215	185	*	*	NUM
hassl-907	215	186	-4.61	-4.61	NOUN
hassl-907	215	187	ct	ct	NUM
hassl-907	215	188	17	17	NUM
hassl-907	215	189	june	june	PROPN
hassl-907	215	190	2016	2016	NUM
hassl-907	215	191	-20.5676	-20.5676	SYM
hassl-907	215	192	*	*	PROPN
hassl-907	215	193	-4.99	-4.99	NUM
hassl-907	215	194	cs	cs	PROPN
hassl-907	215	195	16	16	NUM
hassl-907	215	196	december	december	PROPN
hassl-907	215	197	2015	2015	NUM
hassl-907	215	198	-10.9053	-10.9053	SYM
hassl-907	215	199	*	*	PROPN
hassl-907	215	200	-4.95	-4.95	PROPN
hassl-907	215	201	korea	korea	PROPN
hassl-907	215	202	benchmark	benchmark	PROPN
hassl-907	215	203	cc	cc	PROPN
hassl-907	215	204	20	20	NUM
hassl-907	215	205	october	october	PROPN
hassl-907	215	206	2014	2014	NUM
hassl-907	215	207	-8.7984	-8.7984	NOUN
hassl-907	215	208	*	*	SYM
hassl-907	215	209	-4.61	-4.61	NOUN
hassl-907	215	210	index	index	NOUN
hassl-907	215	211	ct	ct	NUM
hassl-907	215	212	7	7	NUM
hassl-907	215	213	november	november	PROPN
hassl-907	215	214	2018	2018	NUM
hassl-907	215	215	-15.3202	-15.3202	SYM
hassl-907	215	216	*	*	PUNCT
hassl-907	215	217	-4.99	-4.99	NUM
hassl-907	215	218	cs	cs	PROPN
hassl-907	215	219	16	16	NUM
hassl-907	215	220	october	october	PROPN
hassl-907	215	221	2014	2014	NUM
hassl-907	215	222	-8.7380	-8.7380	NOUN
hassl-907	215	223	*	*	PUNCT
hassl-907	215	224	-4.95	-4.95	PROPN
hassl-907	215	225	etf	etf	NOUN
hassl-907	215	226	cc	cc	PROPN
hassl-907	215	227	20	20	NUM
hassl-907	215	228	october	october	PROPN
hassl-907	215	229	2014	2014	NUM
hassl-907	215	230	-8.8782	-8.8782	NOUN
hassl-907	215	231	*	*	PUNCT
hassl-907	215	232	-4.61	-4.61	NOUN
hassl-907	215	233	ct	ct	PROPN
hassl-907	215	234	24	24	NUM
hassl-907	215	235	october	october	PROPN
hassl-907	215	236	2018	2018	NUM
hassl-907	215	237	-19.6100	-19.6100	NOUN
hassl-907	215	238	*	*	PUNCT
hassl-907	215	239	-4.99	-4.99	NUM
hassl-907	215	240	cs	cs	PROPN
hassl-907	215	241	20	20	NUM
hassl-907	215	242	october	october	PROPN
hassl-907	215	243	2014	2014	NUM
hassl-907	215	244	-8.8748	-8.8748	NOUN
hassl-907	215	245	*	*	PUNCT
hassl-907	215	246	-4.95	-4.95	PROPN
hassl-907	215	247	new	new	PROPN
hassl-907	215	248	zealand	zealand	PROPN
hassl-907	215	249	benchmark	benchmark	NOUN
hassl-907	215	250	cc	cc	PROPN
hassl-907	215	251	8	8	NUM
hassl-907	215	252	june	june	PROPN
hassl-907	215	253	2015	2015	NUM
hassl-907	215	254	-8.6281	-8.6281	NOUN
hassl-907	215	255	*	*	SYM
hassl-907	215	256	-4.61	-4.61	NOUN
hassl-907	215	257	index	index	NOUN
hassl-907	215	258	ct	ct	NUM
hassl-907	215	259	7	7	NUM
hassl-907	215	260	august	august	PROPN
hassl-907	215	261	2017	2017	NUM
hassl-907	215	262	-11.6112	-11.6112	SYM
hassl-907	215	263	*	*	PUNCT
hassl-907	215	264	-4.99	-4.99	NUM
hassl-907	215	265	cs	cs	INTJ
hassl-907	215	266	8	8	NUM
hassl-907	215	267	june	june	PROPN
hassl-907	215	268	2015	2015	NUM
hassl-907	215	269	-8.7377	-8.7377	NOUN
hassl-907	215	270	*	*	PUNCT
hassl-907	215	271	-4.95	-4.95	PROPN
hassl-907	215	272	etf	etf	NOUN
hassl-907	215	273	cc	cc	PROPN
hassl-907	215	274	8	8	NUM
hassl-907	215	275	june	june	PROPN
hassl-907	215	276	2015	2015	NUM
hassl-907	215	277	-8.6265	-8.6265	NOUN
hassl-907	215	278	*	*	PUNCT
hassl-907	215	279	-4.61	-4.61	NOUN
hassl-907	215	280	ct	ct	NUM
hassl-907	215	281	7	7	NUM
hassl-907	215	282	august	august	PROPN
hassl-907	215	283	2017	2017	NUM
hassl-907	215	284	-11.6175	-11.6175	SYM
hassl-907	215	285	*	*	PUNCT
hassl-907	215	286	-4.99	-4.99	NUM
hassl-907	215	287	cs	cs	PROPN
hassl-907	215	288	8	8	NUM
hassl-907	215	289	june	june	PROPN
hassl-907	215	290	2015	2015	NUM
hassl-907	215	291	-8.7299	-8.7299	NOUN
hassl-907	215	292	*	*	PUNCT
hassl-907	215	293	-4.95	-4.95	PROPN
hassl-907	215	294	singapore	singapore	PROPN
hassl-907	215	295	benchmark	benchmark	NOUN
hassl-907	215	296	cc	cc	PROPN
hassl-907	215	297	26	26	NUM
hassl-907	215	298	july	july	PROPN
hassl-907	215	299	2017	2017	NUM
hassl-907	215	300	-6.7083	-6.7083	NOUN
hassl-907	215	301	*	*	SYM
hassl-907	215	302	-4.61	-4.61	NOUN
hassl-907	215	303	index	index	NOUN
hassl-907	215	304	ct	ct	PROPN
hassl-907	215	305	25	25	NUM
hassl-907	215	306	may	may	PROPN
hassl-907	215	307	2018	2018	NUM
hassl-907	215	308	-12.1118	-12.1118	SYM
hassl-907	215	309	*	*	PROPN
hassl-907	215	310	-4.99	-4.99	NUM
hassl-907	215	311	cs	cs	PROPN
hassl-907	215	312	26	26	NUM
hassl-907	215	313	july	july	PROPN
hassl-907	215	314	2017	2017	NUM
hassl-907	215	315	-6.7083	-6.7083	NOUN
hassl-907	215	316	*	*	PUNCT
hassl-907	215	317	-4.95	-4.95	PROPN
hassl-907	215	318	etf	etf	NOUN
hassl-907	215	319	cc	cc	PROPN
hassl-907	215	320	26	26	NUM
hassl-907	215	321	july	july	PROPN
hassl-907	215	322	2017	2017	NUM
hassl-907	215	323	-6.7331	-6.7331	NOUN
hassl-907	215	324	*	*	PUNCT
hassl-907	215	325	-4.61	-4.61	NOUN
hassl-907	215	326	ct	ct	NUM
hassl-907	215	327	25	25	NUM
hassl-907	215	328	may	may	PROPN
hassl-907	215	329	2018	2018	NUM
hassl-907	215	330	-12.1896	-12.1896	NOUN
hassl-907	215	331	*	*	PUNCT
hassl-907	215	332	-4.99	-4.99	NUM
hassl-907	215	333	cs	cs	PROPN
hassl-907	215	334	16	16	NUM
hassl-907	215	335	september	september	PROPN
hassl-907	215	336	2016	2016	NUM
hassl-907	215	337	-6.7497	-6.7497	NOUN
hassl-907	215	338	*	*	PUNCT
hassl-907	215	339	-4.95	-4.95	PROPN
hassl-907	215	340	taiwan	taiwan	PROPN
hassl-907	215	341	benchmark	benchmark	NOUN
hassl-907	215	342	cc	cc	PROPN
hassl-907	215	343	17	17	NUM
hassl-907	215	344	july	july	PROPN
hassl-907	215	345	2015	2015	NUM
hassl-907	215	346	-10.7050	-10.7050	SYM
hassl-907	215	347	*	*	NUM
hassl-907	215	348	-4.61	-4.61	NOUN
hassl-907	215	349	index	index	NOUN
hassl-907	215	350	ct	ct	PROPN
hassl-907	215	351	31	31	NUM
hassl-907	215	352	august	august	PROPN
hassl-907	215	353	2016	2016	NUM
hassl-907	215	354	-18.7036	-18.7036	SYM
hassl-907	215	355	*	*	PUNCT
hassl-907	215	356	-4.99	-4.99	NUM
hassl-907	215	357	cs	cs	PROPN
hassl-907	215	358	17	17	NUM
hassl-907	215	359	july	july	PROPN
hassl-907	215	360	2015	2015	NUM
hassl-907	215	361	-10.7228	-10.7228	SYM
hassl-907	215	362	*	*	PROPN
hassl-907	215	363	-4.95	-4.95	PROPN
hassl-907	215	364	etf	etf	NOUN
hassl-907	215	365	cc	cc	PROPN
hassl-907	215	366	9	9	NUM
hassl-907	215	367	july	july	PROPN
hassl-907	215	368	2015	2015	NUM
hassl-907	215	369	-10.8496	-10.8496	SYM
hassl-907	215	370	*	*	PUNCT
hassl-907	215	371	-4.61	-4.61	NOUN
hassl-907	215	372	ct	ct	NUM
hassl-907	215	373	31	31	NUM
hassl-907	215	374	august	august	PROPN
hassl-907	215	375	2016	2016	NUM
hassl-907	215	376	-18.7965	-18.7965	SYM
hassl-907	215	377	*	*	PUNCT
hassl-907	215	378	-4.99	-4.99	NUM
hassl-907	215	379	cs	cs	PROPN
hassl-907	215	380	9	9	NUM
hassl-907	215	381	july	july	PROPN
hassl-907	215	382	2015	2015	NUM
hassl-907	215	383	-10.8910	-10.8910	SYM
hassl-907	215	384	*	*	SYM
hassl-907	215	385	-4.95	-4.95	PROPN
hassl-907	215	386	thailand	thailand	PROPN
hassl-907	215	387	benchmark	benchmark	PROPN
hassl-907	215	388	cc	cc	PROPN
hassl-907	215	389	2	2	NUM
hassl-907	215	390	may	may	PROPN
hassl-907	215	391	2018	2018	NUM
hassl-907	215	392	-10.2583	-10.2583	NUM
hassl-907	215	393	*	*	NUM
hassl-907	215	394	-4.61	-4.61	NOUN
hassl-907	215	395	index	index	NOUN
hassl-907	215	396	ct	ct	NUM
hassl-907	215	397	13	13	NUM
hassl-907	215	398	february	february	PROPN
hassl-907	215	399	2014	2014	NUM
hassl-907	215	400	-11.2048	-11.2048	SYM
hassl-907	215	401	*	*	NUM
hassl-907	215	402	-4.99	-4.99	NUM
hassl-907	215	403	cs	cs	PROPN
hassl-907	215	404	1	1	NUM
hassl-907	215	405	february	february	PROPN
hassl-907	215	406	2016	2016	NUM
hassl-907	215	407	-10.2884	-10.2884	SYM
hassl-907	215	408	*	*	SYM
hassl-907	215	409	-4.95	-4.95	PROPN
hassl-907	215	410	etf	etf	NOUN
hassl-907	215	411	cc	cc	PROPN
hassl-907	215	412	2	2	NUM
hassl-907	215	413	may	may	PROPN
hassl-907	215	414	2018	2018	NUM
hassl-907	215	415	-10.3768	-10.3768	SYM
hassl-907	215	416	*	*	PUNCT
hassl-907	215	417	-4.61	-4.61	NOUN
hassl-907	215	418	ct	ct	NOUN
hassl-907	215	419	12	12	NUM
hassl-907	215	420	february	february	NOUN
hassl-907	215	421	2014	2014	NUM
hassl-907	215	422	-13.1615	-13.1615	SYM
hassl-907	215	423	*	*	NUM
hassl-907	215	424	-4.99	-4.99	NUM
hassl-907	215	425	cs	cs	PROPN
hassl-907	215	426	2	2	NUM
hassl-907	215	427	february	february	PROPN
hassl-907	215	428	2016	2016	NUM
hassl-907	215	429	-10.4682	-10.4682	SYM
hassl-907	215	430	*	*	SYM
hassl-907	215	431	-4.95	-4.95	NOUN
hassl-907	215	432	note	note	NOUN
hassl-907	215	433	:	:	PUNCT
hassl-907	215	434	*	*	PUNCT
hassl-907	215	435	denotes	denote	NOUN
hassl-907	215	436	rejection	rejection	NOUN
hassl-907	215	437	at	at	ADP
hassl-907	215	438	the	the	DET
hassl-907	215	439	5	5	NUM
hassl-907	215	440	%	%	NOUN
hassl-907	215	441	significance	significance	NOUN
hassl-907	215	442	level	level	NOUN
hassl-907	215	443	;	;	PUNCT
hassl-907	215	444	cc	cc	NOUN
hassl-907	215	445	,	,	PUNCT
hassl-907	215	446	ct	ct	PROPN
hassl-907	215	447	,	,	PUNCT
hassl-907	215	448	and	and	CCONJ
hassl-907	215	449	cs	cs	PROPN
hassl-907	215	450	denote	denote	VERB
hassl-907	215	451	the	the	DET
hassl-907	215	452	level	level	NOUN
hassl-907	215	453	shift	shift	NOUN
hassl-907	215	454	model	model	NOUN
hassl-907	215	455	,	,	PUNCT
hassl-907	215	456	level	level	NOUN
hassl-907	215	457	shift	shift	NOUN
hassl-907	215	458	with	with	ADP
hassl-907	215	459	trend	trend	NOUN
hassl-907	215	460	model	model	NOUN
hassl-907	215	461	,	,	PUNCT
hassl-907	215	462	and	and	CCONJ
hassl-907	215	463	regime	regime	NOUN
hassl-907	215	464	shift	shift	NOUN
hassl-907	215	465	model	model	NOUN
hassl-907	215	466	,	,	PUNCT
hassl-907	215	467	respectively	respectively	ADV
hassl-907	215	468	.	.	PUNCT
hassl-907	216	1	humanities	humanity	NOUN
hassl-907	216	2	and	and	CCONJ
hassl-907	216	3	social	social	ADJ
hassl-907	216	4	sciences	science	NOUN
hassl-907	216	5	letters	letter	NOUN
hassl-907	216	6	,	,	PUNCT
hassl-907	216	7	2021	2021	NUM
hassl-907	216	8	,	,	PUNCT
hassl-907	216	9	9(4	9(4	NUM
hassl-907	216	10	):	):	PUNCT
hassl-907	216	11	389	389	NUM
hassl-907	216	12	-	-	SYM
hassl-907	216	13	402	402	NUM
hassl-907	216	14	398	398	NUM
hassl-907	216	15	©	©	PROPN
hassl-907	216	16	2021	2021	NUM
hassl-907	216	17	conscientia	conscientia	PROPN
hassl-907	216	18	beam	beam	PROPN
hassl-907	216	19	.	.	PUNCT
hassl-907	217	1	all	all	DET
hassl-907	217	2	rights	right	NOUN
hassl-907	217	3	reserved	reserve	VERB
hassl-907	217	4	.	.	PUNCT
hassl-907	218	1	table	table	NOUN
hassl-907	218	2	7	7	NUM
hassl-907	218	3	displays	display	VERB
hassl-907	218	4	the	the	DET
hassl-907	218	5	results	result	NOUN
hassl-907	218	6	of	of	ADP
hassl-907	218	7	the	the	DET
hassl-907	218	8	vector	vector	NOUN
hassl-907	218	9	error	error	NOUN
hassl-907	218	10	correction	correction	NOUN
hassl-907	218	11	model	model	NOUN
hassl-907	218	12	.	.	PUNCT
hassl-907	219	1	the	the	DET
hassl-907	219	2	error	error	NOUN
hassl-907	219	3	correction	correction	NOUN
hassl-907	219	4	term	term	NOUN
hassl-907	219	5	reflects	reflect	VERB
hassl-907	219	6	the	the	DET
hassl-907	219	7	speed	speed	NOUN
hassl-907	219	8	of	of	ADP
hassl-907	219	9	adjustment	adjustment	NOUN
hassl-907	219	10	towards	towards	ADP
hassl-907	219	11	long	long	ADV
hassl-907	219	12	-	-	PUNCT
hassl-907	219	13	run	run	VERB
hassl-907	219	14	equilibrium	equilibrium	NOUN
hassl-907	219	15	.	.	PUNCT
hassl-907	220	1	it	it	PRON
hassl-907	220	2	is	be	AUX
hassl-907	220	3	vital	vital	ADJ
hassl-907	220	4	to	to	PART
hassl-907	220	5	note	note	VERB
hassl-907	220	6	that	that	SCONJ
hassl-907	220	7	the	the	DET
hassl-907	220	8	sign	sign	NOUN
hassl-907	220	9	must	must	AUX
hassl-907	220	10	be	be	AUX
hassl-907	220	11	negative	negative	ADJ
hassl-907	220	12	and	and	CCONJ
hassl-907	220	13	statistically	statistically	ADV
hassl-907	220	14	significant	significant	ADJ
hassl-907	220	15	if	if	SCONJ
hassl-907	220	16	an	an	DET
hassl-907	220	17	error	error	NOUN
hassl-907	220	18	correction	correction	NOUN
hassl-907	220	19	term	term	NOUN
hassl-907	220	20	is	be	AUX
hassl-907	220	21	appropriate	appropriate	ADJ
hassl-907	220	22	.	.	PUNCT
hassl-907	221	1	panel	panel	NOUN
hassl-907	221	2	a	a	DET
hassl-907	221	3	of	of	ADP
hassl-907	221	4	table	table	NOUN
hassl-907	221	5	7	7	NUM
hassl-907	221	6	reveals	reveal	VERB
hassl-907	221	7	that	that	SCONJ
hassl-907	221	8	the	the	DET
hassl-907	221	9	coefficients	coefficient	NOUN
hassl-907	221	10	of	of	ADP
hassl-907	221	11	the	the	DET
hassl-907	221	12	error	error	NOUN
hassl-907	221	13	correction	correction	NOUN
hassl-907	221	14	terms	term	NOUN
hassl-907	221	15	are	be	AUX
hassl-907	221	16	statistically	statistically	ADV
hassl-907	221	17	insignificant	insignificant	ADJ
hassl-907	221	18	at	at	ADP
hassl-907	221	19	the	the	DET
hassl-907	221	20	5	5	NUM
hassl-907	221	21	%	%	NOUN
hassl-907	221	22	significance	significance	NOUN
hassl-907	221	23	level	level	NOUN
hassl-907	221	24	.	.	PUNCT
hassl-907	222	1	these	these	DET
hassl-907	222	2	results	result	NOUN
hassl-907	222	3	suggest	suggest	VERB
hassl-907	222	4	that	that	SCONJ
hassl-907	222	5	there	there	PRON
hassl-907	222	6	is	be	VERB
hassl-907	222	7	no	no	DET
hassl-907	222	8	long	long	ADV
hassl-907	222	9	-	-	PUNCT
hassl-907	222	10	run	run	NOUN
hassl-907	222	11	causality	causality	NOUN
hassl-907	222	12	running	run	VERB
hassl-907	222	13	from	from	ADP
hassl-907	222	14	etf	etf	NOUN
hassl-907	222	15	to	to	ADP
hassl-907	222	16	benchmark	benchmark	NOUN
hassl-907	222	17	index	index	NOUN
hassl-907	222	18	.	.	PUNCT
hassl-907	223	1	meanwhile	meanwhile	ADV
hassl-907	223	2	,	,	PUNCT
hassl-907	223	3	panel	panel	NOUN
hassl-907	223	4	b	b	PROPN
hassl-907	223	5	of	of	ADP
hassl-907	223	6	table	table	NOUN
hassl-907	223	7	7	7	NUM
hassl-907	223	8	reveals	reveal	VERB
hassl-907	223	9	that	that	SCONJ
hassl-907	223	10	the	the	DET
hassl-907	223	11	coefficients	coefficient	NOUN
hassl-907	223	12	of	of	ADP
hassl-907	223	13	the	the	DET
hassl-907	223	14	error	error	NOUN
hassl-907	223	15	correction	correction	NOUN
hassl-907	223	16	terms	term	NOUN
hassl-907	223	17	are	be	AUX
hassl-907	223	18	statistically	statistically	ADV
hassl-907	223	19	significant	significant	ADJ
hassl-907	223	20	and	and	CCONJ
hassl-907	223	21	negative	negative	ADJ
hassl-907	223	22	,	,	PUNCT
hassl-907	223	23	implying	imply	VERB
hassl-907	223	24	a	a	DET
hassl-907	223	25	long	long	ADV
hassl-907	223	26	-	-	PUNCT
hassl-907	223	27	run	run	NOUN
hassl-907	223	28	causality	causality	NOUN
hassl-907	223	29	running	run	VERB
hassl-907	223	30	from	from	ADP
hassl-907	223	31	benchmark	benchmark	ADJ
hassl-907	223	32	index	index	NOUN
hassl-907	223	33	to	to	ADP
hassl-907	223	34	etf	etf	NOUN
hassl-907	223	35	.	.	PUNCT
hassl-907	224	1	in	in	ADP
hassl-907	224	2	other	other	ADJ
hassl-907	224	3	words	word	NOUN
hassl-907	224	4	,	,	PUNCT
hassl-907	224	5	the	the	DET
hassl-907	224	6	etf	etf	NOUN
hassl-907	224	7	may	may	AUX
hassl-907	224	8	replicate	replicate	VERB
hassl-907	224	9	the	the	DET
hassl-907	224	10	performance	performance	NOUN
hassl-907	224	11	of	of	ADP
hassl-907	224	12	the	the	DET
hassl-907	224	13	benchmark	benchmark	ADJ
hassl-907	224	14	index	index	NOUN
hassl-907	224	15	over	over	ADP
hassl-907	224	16	the	the	DET
hassl-907	224	17	long	long	ADJ
hassl-907	224	18	run	run	NOUN
hassl-907	224	19	.	.	PUNCT
hassl-907	225	1	in	in	ADP
hassl-907	225	2	addition	addition	NOUN
hassl-907	225	3	,	,	PUNCT
hassl-907	225	4	the	the	DET
hassl-907	225	5	coefficient	coefficient	NOUN
hassl-907	225	6	of	of	ADP
hassl-907	225	7	the	the	DET
hassl-907	225	8	error	error	NOUN
hassl-907	225	9	correction	correction	NOUN
hassl-907	225	10	term	term	NOUN
hassl-907	225	11	indicates	indicate	VERB
hassl-907	225	12	the	the	DET
hassl-907	225	13	speed	speed	NOUN
hassl-907	225	14	of	of	ADP
hassl-907	225	15	adjustment	adjustment	NOUN
hassl-907	225	16	to	to	ADP
hassl-907	225	17	equilibrium	equilibrium	NOUN
hassl-907	225	18	.	.	PUNCT
hassl-907	226	1	it	it	PRON
hassl-907	226	2	can	can	AUX
hassl-907	226	3	be	be	AUX
hassl-907	226	4	observed	observe	VERB
hassl-907	226	5	that	that	SCONJ
hassl-907	226	6	thailand	thailand	PROPN
hassl-907	226	7	has	have	VERB
hassl-907	226	8	the	the	DET
hassl-907	226	9	highest	high	ADJ
hassl-907	226	10	speed	speed	NOUN
hassl-907	226	11	of	of	ADP
hassl-907	226	12	adjustment	adjustment	NOUN
hassl-907	226	13	to	to	ADP
hassl-907	226	14	equilibrium	equilibrium	NOUN
hassl-907	226	15	,	,	PUNCT
hassl-907	226	16	with	with	ADP
hassl-907	226	17	46.53	46.53	NUM
hassl-907	226	18	%	%	NOUN
hassl-907	226	19	of	of	ADP
hassl-907	226	20	disequilibrium	disequilibrium	NOUN
hassl-907	226	21	being	be	AUX
hassl-907	226	22	corrected	correct	VERB
hassl-907	226	23	in	in	ADP
hassl-907	226	24	a	a	DET
hassl-907	226	25	day	day	NOUN
hassl-907	226	26	.	.	PUNCT
hassl-907	227	1	meanwhile	meanwhile	ADV
hassl-907	227	2	,	,	PUNCT
hassl-907	227	3	india	india	PROPN
hassl-907	227	4	has	have	VERB
hassl-907	227	5	the	the	DET
hassl-907	227	6	lowest	low	ADJ
hassl-907	227	7	speed	speed	NOUN
hassl-907	227	8	of	of	ADP
hassl-907	227	9	adjustment	adjustment	NOUN
hassl-907	227	10	to	to	ADP
hassl-907	227	11	equilibrium	equilibrium	NOUN
hassl-907	227	12	,	,	PUNCT
hassl-907	227	13	with	with	ADP
hassl-907	227	14	6.61	6.61	NUM
hassl-907	227	15	%	%	NOUN
hassl-907	227	16	being	be	AUX
hassl-907	227	17	corrected	correct	VERB
hassl-907	227	18	in	in	ADP
hassl-907	227	19	a	a	DET
hassl-907	227	20	day	day	NOUN
hassl-907	227	21	.	.	PUNCT
hassl-907	228	1	the	the	DET
hassl-907	228	2	massive	massive	ADJ
hassl-907	228	3	difference	difference	NOUN
hassl-907	228	4	between	between	ADP
hassl-907	228	5	the	the	DET
hassl-907	228	6	speed	speed	NOUN
hassl-907	228	7	of	of	ADP
hassl-907	228	8	adjustment	adjustment	NOUN
hassl-907	228	9	to	to	ADP
hassl-907	228	10	equilibrium	equilibrium	NOUN
hassl-907	228	11	may	may	AUX
hassl-907	228	12	be	be	AUX
hassl-907	228	13	partly	partly	ADV
hassl-907	228	14	due	due	ADJ
hassl-907	228	15	to	to	ADP
hassl-907	228	16	the	the	DET
hassl-907	228	17	efficiency	efficiency	NOUN
hassl-907	228	18	levels	level	NOUN
hassl-907	228	19	in	in	ADP
hassl-907	228	20	different	different	ADJ
hassl-907	228	21	markets	market	NOUN
hassl-907	228	22	.	.	PUNCT
hassl-907	229	1	table-7	table-7	NUM
hassl-907	229	2	.	.	PUNCT
hassl-907	230	1	results	result	NOUN
hassl-907	230	2	of	of	ADP
hassl-907	230	3	the	the	DET
hassl-907	230	4	vector	vector	NOUN
hassl-907	230	5	error	error	NOUN
hassl-907	230	6	correction	correction	NOUN
hassl-907	230	7	model	model	NOUN
hassl-907	230	8	.	.	PUNCT
hassl-907	231	1	country	country	NOUN
hassl-907	231	2	error	error	NOUN
hassl-907	231	3	correction	correction	NOUN
hassl-907	231	4	term	term	NOUN
hassl-907	231	5	standard	standard	PROPN
hassl-907	231	6	error	error	NOUN
hassl-907	231	7	t	t	NOUN
hassl-907	231	8	-	-	PUNCT
hassl-907	231	9	statistic	statistic	NOUN
hassl-907	231	10	panel	panel	NOUN
hassl-907	231	11	a	a	DET
hassl-907	231	12	:	:	PUNCT
hassl-907	231	13	dependent	dependent	ADJ
hassl-907	231	14	variable	variable	NOUN
hassl-907	231	15	:	:	PUNCT
hassl-907	231	16	benchmark	benchmark	NOUN
hassl-907	231	17	index	index	NOUN
hassl-907	231	18	australia	australia	PROPN
hassl-907	231	19	0.0260	0.0260	NUM
hassl-907	231	20	0.0266	0.0266	NUM
hassl-907	231	21	0.9760	0.9760	NUM
hassl-907	231	22	china	china	NOUN
hassl-907	231	23	0.0366	0.0366	NUM
hassl-907	232	1	0.0349	0.0349	NUM
hassl-907	232	2	1.0488	1.0488	NUM
hassl-907	232	3	hong	hong	PROPN
hassl-907	232	4	kong	kong	PROPN
hassl-907	232	5	-0.0054	-0.0054	PROPN
hassl-907	232	6	0.0280	0.0280	NUM
hassl-907	232	7	-0.1942	-0.1942	NOUN
hassl-907	232	8	india	india	PROPN
hassl-907	232	9	0.0046	0.0046	NUM
hassl-907	232	10	0.0203	0.0203	NUM
hassl-907	232	11	0.2254	0.2254	NUM
hassl-907	232	12	japan	japan	PROPN
hassl-907	232	13	-0.0695	-0.0695	PROPN
hassl-907	233	1	0.0456	0.0456	NUM
hassl-907	233	2	-1.5266	-1.5266	X
hassl-907	233	3	korea	korea	PROPN
hassl-907	233	4	-0.0248	-0.0248	PUNCT
hassl-907	234	1	0.0256	0.0256	NUM
hassl-907	234	2	-0.9691	-0.9691	PROPN
hassl-907	234	3	new	new	PROPN
hassl-907	234	4	zealand	zealand	PROPN
hassl-907	234	5	-0.0099	-0.0099	PROPN
hassl-907	234	6	0.0553	0.0553	NUM
hassl-907	234	7	-0.1786	-0.1786	NOUN
hassl-907	234	8	singapore	singapore	NOUN
hassl-907	234	9	0.0183	0.0183	NUM
hassl-907	234	10	0.0199	0.0199	NUM
hassl-907	234	11	0.9225	0.9225	NUM
hassl-907	234	12	taiwan	taiwan	PROPN
hassl-907	234	13	-0.0159	-0.0159	PROPN
hassl-907	235	1	0.0266	0.0266	NUM
hassl-907	235	2	-0.5966	-0.5966	PUNCT
hassl-907	235	3	thailand	thailand	PROPN
hassl-907	236	1	0.0871	0.0871	NUM
hassl-907	236	2	0.0763	0.0763	NUM
hassl-907	236	3	1.1422	1.1422	NUM
hassl-907	236	4	panel	panel	NOUN
hassl-907	236	5	b	b	NOUN
hassl-907	236	6	:	:	PUNCT
hassl-907	236	7	dependent	dependent	ADJ
hassl-907	236	8	variable	variable	NOUN
hassl-907	236	9	:	:	PUNCT
hassl-907	236	10	etf	etf	PROPN
hassl-907	236	11	australia	australia	PROPN
hassl-907	236	12	-0.0825	-0.0825	PROPN
hassl-907	236	13	*	*	PROPN
hassl-907	237	1	0.0357	0.0357	NUM
hassl-907	237	2	-2.3105	-2.3105	NOUN
hassl-907	237	3	china	china	PROPN
hassl-907	237	4	-0.1446	-0.1446	PROPN
hassl-907	237	5	*	*	PROPN
hassl-907	237	6	0.0481	0.0481	NUM
hassl-907	237	7	-3.0085	-3.0085	NOUN
hassl-907	237	8	hong	hong	PROPN
hassl-907	237	9	kong	kong	PROPN
hassl-907	237	10	-0.0731	-0.0731	PROPN
hassl-907	237	11	*	*	PUNCT
hassl-907	237	12	0.0368	0.0368	NUM
hassl-907	237	13	-1.9860	-1.9860	VERB
hassl-907	237	14	india	india	PROPN
hassl-907	237	15	-0.0661	-0.0661	PROPN
hassl-907	237	16	*	*	PROPN
hassl-907	237	17	0.0306	0.0306	NUM
hassl-907	237	18	-2.1622	-2.1622	PUNCT
hassl-907	237	19	japan	japan	PROPN
hassl-907	237	20	-0.1636	-0.1636	PROPN
hassl-907	237	21	*	*	PROPN
hassl-907	237	22	0.0562	0.0562	NUM
hassl-907	237	23	-2.9095	-2.9095	PROPN
hassl-907	237	24	korea	korea	PROPN
hassl-907	237	25	-0.0785	-0.0785	PROPN
hassl-907	238	1	*	*	X
hassl-907	238	2	0.0341	0.0341	NUM
hassl-907	238	3	-2.3000	-2.3000	PROPN
hassl-907	238	4	new	new	PROPN
hassl-907	238	5	zealand	zealand	PROPN
hassl-907	238	6	-0.2028	-0.2028	PROPN
hassl-907	238	7	*	*	PROPN
hassl-907	239	1	0.0648	0.0648	NUM
hassl-907	239	2	-3.1315	-3.1315	PROPN
hassl-907	239	3	singapore	singapore	PROPN
hassl-907	239	4	-0.0726	-0.0726	PROPN
hassl-907	239	5	*	*	PUNCT
hassl-907	239	6	0.0270	0.0270	NUM
hassl-907	239	7	-2.6849	-2.6849	NOUN
hassl-907	239	8	taiwan	taiwan	PROPN
hassl-907	239	9	-0.1194	-0.1194	PROPN
hassl-907	240	1	*	*	PROPN
hassl-907	241	1	0.0373	0.0373	NUM
hassl-907	241	2	-3.1994	-3.1994	NOUN
hassl-907	241	3	thailand	thailand	PROPN
hassl-907	241	4	-0.4653	-0.4653	PROPN
hassl-907	241	5	*	*	PROPN
hassl-907	242	1	0.1007	0.1007	NUM
hassl-907	242	2	-4.6202	-4.6202	NOUN
hassl-907	242	3	note	note	NOUN
hassl-907	242	4	:	:	PUNCT
hassl-907	242	5	*	*	PUNCT
hassl-907	242	6	denotes	denote	NOUN
hassl-907	242	7	rejection	rejection	NOUN
hassl-907	242	8	at	at	ADP
hassl-907	242	9	the	the	DET
hassl-907	242	10	5	5	NUM
hassl-907	242	11	%	%	NOUN
hassl-907	242	12	significance	significance	NOUN
hassl-907	242	13	level	level	NOUN
hassl-907	242	14	.	.	PUNCT
hassl-907	243	1	subsequently	subsequently	ADV
hassl-907	243	2	,	,	PUNCT
hassl-907	243	3	granger	granger	PROPN
hassl-907	243	4	causality	causality	NOUN
hassl-907	243	5	tests	test	NOUN
hassl-907	243	6	are	be	AUX
hassl-907	243	7	performed	perform	VERB
hassl-907	243	8	to	to	PART
hassl-907	243	9	explore	explore	VERB
hassl-907	243	10	the	the	DET
hassl-907	243	11	causal	causal	ADJ
hassl-907	243	12	relationship	relationship	NOUN
hassl-907	243	13	between	between	ADP
hassl-907	243	14	etf	etf	NOUN
hassl-907	243	15	and	and	CCONJ
hassl-907	243	16	benchmark	benchmark	NOUN
hassl-907	243	17	index	index	NOUN
hassl-907	243	18	prices	price	NOUN
hassl-907	243	19	in	in	ADP
hassl-907	243	20	the	the	DET
hassl-907	243	21	short	short	ADJ
hassl-907	243	22	run	run	NOUN
hassl-907	243	23	.	.	PUNCT
hassl-907	244	1	table	table	NOUN
hassl-907	244	2	8	8	NUM
hassl-907	244	3	reports	report	VERB
hassl-907	244	4	the	the	DET
hassl-907	244	5	results	result	NOUN
hassl-907	244	6	of	of	ADP
hassl-907	244	7	the	the	DET
hassl-907	244	8	granger	granger	PROPN
hassl-907	244	9	causality	causality	PROPN
hassl-907	244	10	test	test	NOUN
hassl-907	244	11	.	.	PUNCT
hassl-907	245	1	the	the	DET
hassl-907	245	2	null	null	ADJ
hassl-907	245	3	hypothesis	hypothesis	NOUN
hassl-907	245	4	of	of	ADP
hassl-907	245	5	no	no	DET
hassl-907	245	6	granger	granger	NOUN
hassl-907	245	7	causality	causality	NOUN
hassl-907	245	8	from	from	ADP
hassl-907	245	9	etf	etf	NOUN
hassl-907	245	10	prices	price	NOUN
hassl-907	245	11	to	to	ADP
hassl-907	245	12	benchmark	benchmark	NOUN
hassl-907	245	13	index	index	NOUN
hassl-907	245	14	prices	price	NOUN
hassl-907	245	15	is	be	AUX
hassl-907	245	16	rejected	reject	VERB
hassl-907	245	17	at	at	ADP
hassl-907	245	18	the	the	DET
hassl-907	245	19	5	5	NUM
hassl-907	245	20	%	%	NOUN
hassl-907	245	21	significance	significance	NOUN
hassl-907	245	22	level	level	NOUN
hassl-907	245	23	for	for	ADP
hassl-907	245	24	all	all	DET
hassl-907	245	25	the	the	DET
hassl-907	245	26	countries	country	NOUN
hassl-907	245	27	,	,	PUNCT
hassl-907	245	28	implying	imply	VERB
hassl-907	245	29	that	that	SCONJ
hassl-907	245	30	changes	change	NOUN
hassl-907	245	31	in	in	ADP
hassl-907	245	32	etf	etf	NOUN
hassl-907	245	33	prices	price	NOUN
hassl-907	245	34	lead	lead	VERB
hassl-907	245	35	the	the	DET
hassl-907	245	36	changes	change	NOUN
hassl-907	245	37	in	in	ADP
hassl-907	245	38	benchmark	benchmark	ADJ
hassl-907	245	39	index	index	NOUN
hassl-907	245	40	prices	price	NOUN
hassl-907	245	41	in	in	ADP
hassl-907	245	42	the	the	DET
hassl-907	245	43	short	short	ADJ
hassl-907	245	44	run	run	NOUN
hassl-907	245	45	.	.	PUNCT
hassl-907	246	1	meanwhile	meanwhile	ADV
hassl-907	246	2	,	,	PUNCT
hassl-907	246	3	the	the	DET
hassl-907	246	4	granger	granger	PROPN
hassl-907	246	5	causality	causality	NOUN
hassl-907	246	6	tests	test	NOUN
hassl-907	246	7	show	show	VERB
hassl-907	246	8	mixed	mixed	ADJ
hassl-907	246	9	results	result	NOUN
hassl-907	246	10	for	for	ADP
hassl-907	246	11	the	the	DET
hassl-907	246	12	null	null	ADJ
hassl-907	246	13	hypothesis	hypothesis	NOUN
hassl-907	246	14	of	of	ADP
hassl-907	246	15	no	no	DET
hassl-907	246	16	granger	granger	NOUN
hassl-907	246	17	causality	causality	NOUN
hassl-907	246	18	from	from	ADP
hassl-907	246	19	benchmark	benchmark	ADJ
hassl-907	246	20	index	index	NOUN
hassl-907	246	21	prices	price	NOUN
hassl-907	246	22	to	to	PART
hassl-907	246	23	etf	etf	NOUN
hassl-907	246	24	prices	price	NOUN
hassl-907	246	25	.	.	PUNCT
hassl-907	247	1	the	the	DET
hassl-907	247	2	test	test	NOUN
hassl-907	247	3	statistics	statistic	NOUN
hassl-907	247	4	suggest	suggest	VERB
hassl-907	247	5	that	that	SCONJ
hassl-907	247	6	the	the	DET
hassl-907	247	7	null	null	ADJ
hassl-907	247	8	hypothesis	hypothesis	NOUN
hassl-907	247	9	of	of	ADP
hassl-907	247	10	no	no	DET
hassl-907	247	11	granger	granger	NOUN
hassl-907	247	12	causality	causality	NOUN
hassl-907	247	13	from	from	ADP
hassl-907	247	14	benchmark	benchmark	ADJ
hassl-907	247	15	index	index	NOUN
hassl-907	247	16	prices	price	NOUN
hassl-907	247	17	to	to	PART
hassl-907	247	18	etf	etf	NOUN
hassl-907	247	19	prices	price	NOUN
hassl-907	247	20	is	be	AUX
hassl-907	247	21	rejected	reject	VERB
hassl-907	247	22	at	at	ADP
hassl-907	247	23	the	the	DET
hassl-907	247	24	5	5	NUM
hassl-907	247	25	%	%	NOUN
hassl-907	247	26	significance	significance	NOUN
hassl-907	247	27	level	level	NOUN
hassl-907	247	28	for	for	ADP
hassl-907	247	29	india	india	PROPN
hassl-907	247	30	,	,	PUNCT
hassl-907	247	31	japan	japan	PROPN
hassl-907	247	32	,	,	PUNCT
hassl-907	247	33	singapore	singapore	PROPN
hassl-907	247	34	,	,	PUNCT
hassl-907	247	35	taiwan	taiwan	PROPN
hassl-907	247	36	,	,	PUNCT
hassl-907	247	37	and	and	CCONJ
hassl-907	247	38	thailand	thailand	PROPN
hassl-907	247	39	.	.	PUNCT
hassl-907	248	1	however	however	ADV
hassl-907	248	2	,	,	PUNCT
hassl-907	248	3	the	the	DET
hassl-907	248	4	test	test	NOUN
hassl-907	248	5	fails	fail	VERB
hassl-907	248	6	to	to	PART
hassl-907	248	7	reject	reject	VERB
hassl-907	248	8	the	the	DET
hassl-907	248	9	null	null	ADJ
hassl-907	248	10	hypothesis	hypothesis	NOUN
hassl-907	248	11	for	for	ADP
hassl-907	248	12	australia	australia	PROPN
hassl-907	248	13	,	,	PUNCT
hassl-907	248	14	china	china	PROPN
hassl-907	248	15	,	,	PUNCT
hassl-907	248	16	hong	hong	PROPN
hassl-907	248	17	kong	kong	PROPN
hassl-907	248	18	,	,	PUNCT
hassl-907	248	19	korea	korea	PROPN
hassl-907	248	20	,	,	PUNCT
hassl-907	248	21	and	and	CCONJ
hassl-907	248	22	new	new	PROPN
hassl-907	248	23	zealand	zealand	PROPN
hassl-907	248	24	.	.	PUNCT
hassl-907	249	1	we	we	PRON
hassl-907	249	2	can	can	AUX
hassl-907	249	3	deduce	deduce	VERB
hassl-907	249	4	a	a	DET
hassl-907	249	5	unidirectional	unidirectional	ADJ
hassl-907	249	6	causal	causal	NOUN
hassl-907	249	7	relationship	relationship	NOUN
hassl-907	249	8	from	from	ADP
hassl-907	249	9	the	the	DET
hassl-907	249	10	etf	etf	NOUN
hassl-907	249	11	to	to	ADP
hassl-907	249	12	the	the	DET
hassl-907	249	13	benchmark	benchmark	ADJ
hassl-907	249	14	index	index	NOUN
hassl-907	249	15	in	in	ADP
hassl-907	249	16	the	the	DET
hassl-907	249	17	short	short	ADJ
hassl-907	249	18	run	run	NOUN
hassl-907	249	19	.	.	PUNCT
hassl-907	250	1	however	however	ADV
hassl-907	250	2	,	,	PUNCT
hassl-907	250	3	there	there	PRON
hassl-907	250	4	is	be	VERB
hassl-907	250	5	a	a	DET
hassl-907	250	6	lack	lack	NOUN
hassl-907	250	7	of	of	ADP
hassl-907	250	8	evidence	evidence	NOUN
hassl-907	250	9	of	of	ADP
hassl-907	250	10	a	a	DET
hassl-907	250	11	unidirectional	unidirectional	ADJ
hassl-907	250	12	causal	causal	NOUN
hassl-907	250	13	relationship	relationship	NOUN
hassl-907	250	14	from	from	ADP
hassl-907	250	15	the	the	DET
hassl-907	250	16	benchmark	benchmark	ADJ
hassl-907	250	17	index	index	NOUN
hassl-907	250	18	to	to	ADP
hassl-907	250	19	the	the	DET
hassl-907	250	20	etf	etf	NOUN
hassl-907	250	21	in	in	ADP
hassl-907	250	22	the	the	DET
hassl-907	250	23	short	short	ADJ
hassl-907	250	24	run	run	NOUN
hassl-907	250	25	.	.	PUNCT
hassl-907	251	1	humanities	humanity	NOUN
hassl-907	251	2	and	and	CCONJ
hassl-907	251	3	social	social	ADJ
hassl-907	251	4	sciences	science	NOUN
hassl-907	251	5	letters	letter	NOUN
hassl-907	251	6	,	,	PUNCT
hassl-907	251	7	2021	2021	NUM
hassl-907	251	8	,	,	PUNCT
hassl-907	251	9	9(4	9(4	NUM
hassl-907	251	10	):	):	PUNCT
hassl-907	251	11	389	389	NUM
hassl-907	251	12	-	-	SYM
hassl-907	251	13	402	402	NUM
hassl-907	251	14	399	399	NUM
hassl-907	251	15	©	©	PROPN
hassl-907	251	16	2021	2021	NUM
hassl-907	251	17	conscientia	conscientia	PROPN
hassl-907	251	18	beam	beam	PROPN
hassl-907	251	19	.	.	PUNCT
hassl-907	252	1	all	all	DET
hassl-907	252	2	rights	right	NOUN
hassl-907	252	3	reserved	reserve	VERB
hassl-907	252	4	.	.	PUNCT
hassl-907	253	1	table-8	table-8	NOUN
hassl-907	253	2	.	.	PUNCT
hassl-907	254	1	the	the	DET
hassl-907	254	2	result	result	NOUN
hassl-907	254	3	of	of	ADP
hassl-907	254	4	the	the	DET
hassl-907	254	5	granger	granger	PROPN
hassl-907	254	6	causality	causality	PROPN
hassl-907	254	7	test	test	NOUN
hassl-907	254	8	.	.	PUNCT
hassl-907	255	1	country	country	NOUN
hassl-907	255	2	benchmark	benchmark	NOUN
hassl-907	255	3	index	index	NOUN
hassl-907	255	4	→	→	SYM
hassl-907	255	5	etf	etf	NOUN
hassl-907	255	6	etf	etf	NOUN
hassl-907	255	7	→	→	SYM
hassl-907	255	8	benchmark	benchmark	NOUN
hassl-907	255	9	index	index	NOUN
hassl-907	255	10	australia	australia	PROPN
hassl-907	255	11	33.4722	33.4722	NUM
hassl-907	255	12	480.5704	480.5704	NUM
hassl-907	255	13	*	*	PUNCT
hassl-907	255	14	china	china	PROPN
hassl-907	255	15	16.4579	16.4579	NUM
hassl-907	256	1	278.8363	278.8363	NUM
hassl-907	256	2	*	*	SYM
hassl-907	256	3	hong	hong	PROPN
hassl-907	256	4	kong	kong	PROPN
hassl-907	256	5	31.7361	31.7361	NUM
hassl-907	256	6	302.6669	302.6669	NUM
hassl-907	256	7	*	*	SYM
hassl-907	256	8	india	india	PROPN
hassl-907	256	9	33.7747	33.7747	NUM
hassl-907	256	10	*	*	PUNCT
hassl-907	256	11	347.8429	347.8429	NUM
hassl-907	256	12	*	*	PROPN
hassl-907	256	13	japan	japan	PROPN
hassl-907	256	14	53.1477	53.1477	NUM
hassl-907	256	15	*	*	SYM
hassl-907	256	16	215.4218	215.4218	NUM
hassl-907	256	17	*	*	SYM
hassl-907	256	18	korea	korea	PROPN
hassl-907	256	19	17.7010	17.7010	NUM
hassl-907	256	20	373.5010	373.5010	NUM
hassl-907	256	21	*	*	PROPN
hassl-907	256	22	new	new	PROPN
hassl-907	256	23	zealand	zealand	PROPN
hassl-907	256	24	8.6167	8.6167	NUM
hassl-907	256	25	107.4867	107.4867	NUM
hassl-907	256	26	*	*	SYM
hassl-907	256	27	singapore	singapore	PROPN
hassl-907	256	28	32.7726	32.7726	NUM
hassl-907	256	29	*	*	NOUN
hassl-907	256	30	430.8220	430.8220	NUM
hassl-907	256	31	*	*	SYM
hassl-907	256	32	taiwan	taiwan	PROPN
hassl-907	256	33	36.1688	36.1688	NUM
hassl-907	256	34	*	*	PUNCT
hassl-907	257	1	338.9747	338.9747	NUM
hassl-907	257	2	*	*	SYM
hassl-907	257	3	thailand	thailand	PROPN
hassl-907	257	4	44.2943	44.2943	NUM
hassl-907	257	5	*	*	PUNCT
hassl-907	257	6	102.9048	102.9048	NUM
hassl-907	257	7	*	*	PUNCT
hassl-907	257	8	note	note	NOUN
hassl-907	257	9	:	:	PUNCT
hassl-907	257	10	"	"	PUNCT
hassl-907	257	11	→	→	NOUN
hassl-907	257	12	"	"	PUNCT
hassl-907	257	13	denotes	denote	VERB
hassl-907	257	14	the	the	DET
hassl-907	257	15	unidirectional	unidirectional	ADJ
hassl-907	257	16	causality	causality	NOUN
hassl-907	257	17	relation	relation	NOUN
hassl-907	257	18	;	;	PUNCT
hassl-907	257	19	*	*	PUNCT
hassl-907	257	20	denotes	denote	NOUN
hassl-907	257	21	rejection	rejection	NOUN
hassl-907	257	22	at	at	ADP
hassl-907	257	23	the	the	DET
hassl-907	257	24	5	5	NUM
hassl-907	257	25	%	%	NOUN
hassl-907	257	26	significance	significance	NOUN
hassl-907	257	27	level	level	NOUN
hassl-907	257	28	.	.	PUNCT
hassl-907	258	1	finally	finally	ADV
hassl-907	258	2	,	,	PUNCT
hassl-907	258	3	we	we	PRON
hassl-907	258	4	examine	examine	VERB
hassl-907	258	5	etf	etf	NOUN
hassl-907	258	6	's	's	PART
hassl-907	258	7	performance	performance	NOUN
hassl-907	258	8	in	in	ADP
hassl-907	258	9	holding	hold	VERB
hassl-907	258	10	period	period	NOUN
hassl-907	258	11	returns	return	NOUN
hassl-907	258	12	,	,	PUNCT
hassl-907	258	13	jensen	jensen	PROPN
hassl-907	258	14	's	's	PART
hassl-907	258	15	alpha	alpha	NOUN
hassl-907	258	16	,	,	PUNCT
hassl-907	258	17	the	the	DET
hassl-907	258	18	sharpe	sharpe	NOUN
hassl-907	258	19	ratio	ratio	NOUN
hassl-907	258	20	,	,	PUNCT
hassl-907	258	21	and	and	CCONJ
hassl-907	258	22	tracking	tracking	NOUN
hassl-907	258	23	error	error	NOUN
hassl-907	258	24	.	.	PUNCT
hassl-907	259	1	table	table	NOUN
hassl-907	259	2	9	9	NUM
hassl-907	259	3	shows	show	VERB
hassl-907	259	4	that	that	SCONJ
hassl-907	259	5	the	the	DET
hassl-907	259	6	annualized	annualize	VERB
hassl-907	259	7	holding	hold	VERB
hassl-907	259	8	period	period	NOUN
hassl-907	259	9	return	return	NOUN
hassl-907	259	10	for	for	ADP
hassl-907	259	11	all	all	DET
hassl-907	259	12	the	the	DET
hassl-907	259	13	countries	country	NOUN
hassl-907	259	14	is	be	AUX
hassl-907	259	15	positive	positive	ADJ
hassl-907	259	16	.	.	PUNCT
hassl-907	260	1	the	the	DET
hassl-907	260	2	highest	high	ADJ
hassl-907	260	3	annualized	annualize	VERB
hassl-907	260	4	holding	hold	VERB
hassl-907	260	5	period	period	NOUN
hassl-907	260	6	return	return	NOUN
hassl-907	260	7	is	be	AUX
hassl-907	260	8	achieved	achieve	VERB
hassl-907	260	9	by	by	ADP
hassl-907	260	10	hong	hong	PROPN
hassl-907	260	11	kong	kong	PROPN
hassl-907	260	12	,	,	PUNCT
hassl-907	260	13	while	while	SCONJ
hassl-907	260	14	the	the	DET
hassl-907	260	15	second	second	ADV
hassl-907	260	16	-	-	PUNCT
hassl-907	260	17	highest	high	ADJ
hassl-907	260	18	performance	performance	NOUN
hassl-907	260	19	is	be	AUX
hassl-907	260	20	in	in	ADP
hassl-907	260	21	new	new	PROPN
hassl-907	260	22	zealand	zealand	PROPN
hassl-907	261	1	.	.	PUNCT
hassl-907	261	2	table	table	NOUN
hassl-907	261	3	9	9	NUM
hassl-907	261	4	also	also	ADV
hassl-907	261	5	shows	show	VERB
hassl-907	261	6	that	that	SCONJ
hassl-907	261	7	the	the	DET
hassl-907	261	8	sharpe	sharpe	PROPN
hassl-907	261	9	ratio	ratio	NOUN
hassl-907	261	10	for	for	ADP
hassl-907	261	11	all	all	DET
hassl-907	261	12	the	the	DET
hassl-907	261	13	etfs	etfs	NOUN
hassl-907	261	14	is	be	AUX
hassl-907	261	15	positive	positive	ADJ
hassl-907	261	16	.	.	PUNCT
hassl-907	262	1	comparing	compare	VERB
hassl-907	262	2	the	the	DET
hassl-907	262	3	sharpe	sharpe	PROPN
hassl-907	262	4	ratios	ratio	NOUN
hassl-907	262	5	,	,	PUNCT
hassl-907	262	6	new	new	PROPN
hassl-907	262	7	zealand	zealand	PROPN
hassl-907	262	8	has	have	VERB
hassl-907	262	9	the	the	DET
hassl-907	262	10	highest	high	ADJ
hassl-907	262	11	at	at	ADP
hassl-907	262	12	0.7505	0.7505	NUM
hassl-907	262	13	,	,	PUNCT
hassl-907	262	14	while	while	SCONJ
hassl-907	262	15	taiwan	taiwan	PROPN
hassl-907	262	16	has	have	VERB
hassl-907	262	17	the	the	DET
hassl-907	262	18	second	second	ADV
hassl-907	262	19	-	-	PUNCT
hassl-907	262	20	highest	high	ADJ
hassl-907	262	21	at	at	ADP
hassl-907	262	22	0.4927	0.4927	NUM
hassl-907	262	23	.	.	PUNCT
hassl-907	263	1	a	a	DET
hassl-907	263	2	higher	high	ADJ
hassl-907	263	3	sharpe	sharpe	PROPN
hassl-907	263	4	ratio	ratio	NOUN
hassl-907	263	5	indicates	indicate	VERB
hassl-907	263	6	that	that	SCONJ
hassl-907	263	7	the	the	DET
hassl-907	263	8	return	return	NOUN
hassl-907	263	9	per	per	ADP
hassl-907	263	10	unit	unit	NOUN
hassl-907	263	11	of	of	ADP
hassl-907	263	12	risk	risk	NOUN
hassl-907	263	13	is	be	AUX
hassl-907	263	14	higher	high	ADJ
hassl-907	263	15	than	than	ADP
hassl-907	263	16	others	other	NOUN
hassl-907	263	17	.	.	PUNCT
hassl-907	264	1	table-9	table-9	NOUN
hassl-907	264	2	.	.	PUNCT
hassl-907	265	1	performance	performance	NOUN
hassl-907	265	2	of	of	ADP
hassl-907	265	3	etfs	etfs	PROPN
hassl-907	265	4	.	.	PUNCT
hassl-907	266	1	country	country	NOUN
hassl-907	266	2	annualized	annualize	VERB
hassl-907	266	3	holding	hold	VERB
hassl-907	266	4	period	period	NOUN
hassl-907	266	5	return	return	PROPN
hassl-907	266	6	jensen	jensen	PROPN
hassl-907	266	7	's	's	PART
hassl-907	266	8	alpha	alpha	PROPN
hassl-907	266	9	sharpe	sharpe	PROPN
hassl-907	266	10	ratio	ratio	PROPN
hassl-907	266	11	tracking	tracking	NOUN
hassl-907	266	12	error	error	NOUN
hassl-907	266	13	price	price	NOUN
hassl-907	266	14	deviation	deviation	NOUN
hassl-907	266	15	australia	australia	NOUN
hassl-907	266	16	3.09	3.09	NUM
hassl-907	266	17	%	%	NOUN
hassl-907	266	18	0.0032	0.0032	NUM
hassl-907	266	19	0.1960	0.1960	NUM
hassl-907	266	20	0.8981	0.8981	NUM
hassl-907	266	21	0.0426	0.0426	NUM
hassl-907	266	22	%	%	NOUN
hassl-907	266	23	china	china	PROPN
hassl-907	266	24	5.70	5.70	NUM
hassl-907	266	25	%	%	NOUN
hassl-907	266	26	0.0049	0.0049	NUM
hassl-907	266	27	0.3106	0.3106	NUM
hassl-907	266	28	0.9815	0.9815	NUM
hassl-907	266	29	0.0423	0.0423	NUM
hassl-907	266	30	%	%	NOUN
hassl-907	266	31	hong	hong	PROPN
hassl-907	266	32	kong	kong	PROPN
hassl-907	266	33	17.76	17.76	NUM
hassl-907	266	34	%	%	NOUN
hassl-907	267	1	0.0036	0.0036	NUM
hassl-907	267	2	0.3802	0.3802	NUM
hassl-907	267	3	0.7429	0.7429	NUM
hassl-907	267	4	-0.0356	-0.0356	NOUN
hassl-907	267	5	%	%	NOUN
hassl-907	267	6	india	india	PROPN
hassl-907	267	7	4.92	4.92	NUM
hassl-907	267	8	%	%	NOUN
hassl-907	267	9	0.0038	0.0038	NUM
hassl-907	267	10	0.2810	0.2810	NUM
hassl-907	267	11	0.9521	0.9521	NUM
hassl-907	267	12	0.1643	0.1643	NUM
hassl-907	267	13	%	%	NOUN
hassl-907	267	14	japan	japan	PROPN
hassl-907	267	15	7.40	7.40	NUM
hassl-907	267	16	%	%	NOUN
hassl-907	267	17	0.0170	0.0170	NUM
hassl-907	267	18	0.4571	0.4571	NUM
hassl-907	267	19	1.1827	1.1827	NUM
hassl-907	267	20	0.0762	0.0762	NUM
hassl-907	267	21	%	%	NOUN
hassl-907	267	22	korea	korea	PROPN
hassl-907	267	23	1.19	1.19	NUM
hassl-907	267	24	%	%	NOUN
hassl-907	267	25	0.0012	0.0012	NUM
hassl-907	267	26	0.0978	0.0978	NUM
hassl-907	267	27	1.0407	1.0407	NUM
hassl-907	267	28	-0.0854	-0.0854	NOUN
hassl-907	267	29	%	%	NOUN
hassl-907	267	30	new	new	PROPN
hassl-907	267	31	zealand	zealand	PROPN
hassl-907	267	32	11.94	11.94	NUM
hassl-907	267	33	%	%	NOUN
hassl-907	267	34	0.0083	0.0083	NUM
hassl-907	267	35	0.7505	0.7505	NUM
hassl-907	267	36	0.6667	0.6667	NUM
hassl-907	267	37	-0.0201	-0.0201	NOUN
hassl-907	267	38	%	%	NOUN
hassl-907	267	39	singapore	singapore	PROPN
hassl-907	267	40	1.88	1.88	NUM
hassl-907	267	41	%	%	NOUN
hassl-907	267	42	9.95e-05	9.95e-05	NUM
hassl-907	267	43	0.1229	0.1229	NUM
hassl-907	267	44	0.6665	0.6665	NUM
hassl-907	267	45	0.0218	0.0218	NUM
hassl-907	267	46	%	%	NOUN
hassl-907	267	47	taiwan	taiwan	PROPN
hassl-907	267	48	8.55	8.55	NUM
hassl-907	267	49	%	%	NOUN
hassl-907	267	50	0.0114	0.0114	NUM
hassl-907	267	51	0.4927	0.4927	NUM
hassl-907	268	1	0.9802	0.9802	NUM
hassl-907	268	2	-0.0259	-0.0259	PROPN
hassl-907	268	3	%	%	PROPN
hassl-907	268	4	thailand	thailand	PROPN
hassl-907	268	5	3.17	3.17	NUM
hassl-907	268	6	%	%	NOUN
hassl-907	268	7	0.0031	0.0031	NUM
hassl-907	268	8	0.1993	0.1993	NUM
hassl-907	268	9	0.9151	0.9151	NUM
hassl-907	268	10	0.0168	0.0168	NUM
hassl-907	268	11	%	%	NOUN
hassl-907	268	12	note	note	NOUN
hassl-907	268	13	:	:	PUNCT
hassl-907	268	14	*	*	PUNCT
hassl-907	268	15	denotes	denote	NOUN
hassl-907	268	16	rejection	rejection	NOUN
hassl-907	268	17	at	at	ADP
hassl-907	268	18	the	the	DET
hassl-907	268	19	5	5	NUM
hassl-907	268	20	%	%	NOUN
hassl-907	268	21	significance	significance	NOUN
hassl-907	268	22	level	level	NOUN
hassl-907	268	23	.	.	PUNCT
hassl-907	269	1	also	also	ADV
hassl-907	269	2	reported	report	VERB
hassl-907	269	3	in	in	ADP
hassl-907	269	4	table	table	NOUN
hassl-907	269	5	9	9	NUM
hassl-907	269	6	is	be	AUX
hassl-907	269	7	that	that	SCONJ
hassl-907	269	8	japan	japan	PROPN
hassl-907	269	9	has	have	VERB
hassl-907	269	10	the	the	DET
hassl-907	269	11	biggest	big	ADJ
hassl-907	269	12	tracking	tracking	NOUN
hassl-907	269	13	error	error	NOUN
hassl-907	269	14	,	,	PUNCT
hassl-907	269	15	while	while	SCONJ
hassl-907	269	16	singapore	singapore	PROPN
hassl-907	269	17	has	have	VERB
hassl-907	269	18	the	the	DET
hassl-907	269	19	smallest	small	ADJ
hassl-907	269	20	tracking	tracking	NOUN
hassl-907	269	21	error	error	NOUN
hassl-907	269	22	.	.	PUNCT
hassl-907	270	1	tracking	tracking	NOUN
hassl-907	270	2	error	error	NOUN
hassl-907	270	3	reflects	reflect	VERB
hassl-907	270	4	the	the	DET
hassl-907	270	5	etf	etf	NOUN
hassl-907	270	6	's	's	PART
hassl-907	270	7	ability	ability	NOUN
hassl-907	270	8	to	to	PART
hassl-907	270	9	track	track	VERB
hassl-907	270	10	the	the	DET
hassl-907	270	11	return	return	NOUN
hassl-907	270	12	of	of	ADP
hassl-907	270	13	the	the	DET
hassl-907	270	14	underlying	underlie	VERB
hassl-907	270	15	benchmark	benchmark	NOUN
hassl-907	270	16	closely	closely	ADV
hassl-907	270	17	.	.	PUNCT
hassl-907	271	1	the	the	PRON
hassl-907	271	2	smaller	small	ADJ
hassl-907	271	3	the	the	DET
hassl-907	271	4	tracking	tracking	NOUN
hassl-907	271	5	error	error	NOUN
hassl-907	271	6	,	,	PUNCT
hassl-907	271	7	the	the	PRON
hassl-907	271	8	better	well	ADJ
hassl-907	271	9	the	the	DET
hassl-907	271	10	replication	replication	NOUN
hassl-907	271	11	strategy	strategy	NOUN
hassl-907	271	12	of	of	ADP
hassl-907	271	13	the	the	DET
hassl-907	271	14	etf	etf	NOUN
hassl-907	271	15	.	.	PUNCT
hassl-907	272	1	the	the	DET
hassl-907	272	2	premium	premium	NOUN
hassl-907	272	3	or	or	CCONJ
hassl-907	272	4	discount	discount	NOUN
hassl-907	272	5	of	of	ADP
hassl-907	272	6	an	an	DET
hassl-907	272	7	etf	etf	NOUN
hassl-907	272	8	is	be	AUX
hassl-907	272	9	the	the	DET
hassl-907	272	10	deviation	deviation	NOUN
hassl-907	272	11	of	of	ADP
hassl-907	272	12	the	the	DET
hassl-907	272	13	etf	etf	NOUN
hassl-907	272	14	's	's	PART
hassl-907	272	15	price	price	NOUN
hassl-907	272	16	from	from	ADP
hassl-907	272	17	its	its	PRON
hassl-907	272	18	underlying	underlie	VERB
hassl-907	272	19	net	net	ADJ
hassl-907	272	20	asset	asset	NOUN
hassl-907	272	21	value	value	NOUN
hassl-907	272	22	(	(	PUNCT
hassl-907	272	23	nav	nav	NOUN
hassl-907	272	24	)	)	PUNCT
hassl-907	272	25	.	.	PUNCT
hassl-907	273	1	if	if	SCONJ
hassl-907	273	2	the	the	DET
hassl-907	273	3	price	price	NOUN
hassl-907	273	4	of	of	ADP
hassl-907	273	5	the	the	DET
hassl-907	273	6	etf	etf	NOUN
hassl-907	273	7	is	be	AUX
hassl-907	273	8	above	above	ADP
hassl-907	273	9	the	the	DET
hassl-907	273	10	nav	nav	NOUN
hassl-907	273	11	,	,	PUNCT
hassl-907	273	12	the	the	DET
hassl-907	273	13	etf	etf	NOUN
hassl-907	273	14	is	be	AUX
hassl-907	273	15	deemed	deem	VERB
hassl-907	273	16	to	to	PART
hassl-907	273	17	be	be	AUX
hassl-907	273	18	trading	trade	VERB
hassl-907	273	19	at	at	ADP
hassl-907	273	20	a	a	DET
hassl-907	273	21	premium	premium	NOUN
hassl-907	273	22	.	.	PUNCT
hassl-907	274	1	according	accord	VERB
hassl-907	274	2	to	to	ADP
hassl-907	274	3	the	the	DET
hassl-907	274	4	law	law	NOUN
hassl-907	274	5	of	of	ADP
hassl-907	274	6	one	one	NUM
hassl-907	274	7	price	price	NOUN
hassl-907	274	8	,	,	PUNCT
hassl-907	274	9	the	the	DET
hassl-907	274	10	etf	etf	NOUN
hassl-907	274	11	price	price	NOUN
hassl-907	274	12	should	should	AUX
hassl-907	274	13	be	be	AUX
hassl-907	274	14	in	in	ADP
hassl-907	274	15	line	line	NOUN
hassl-907	274	16	with	with	ADP
hassl-907	274	17	the	the	DET
hassl-907	274	18	nav	nav	NOUN
hassl-907	274	19	;	;	PUNCT
hassl-907	274	20	any	any	DET
hassl-907	274	21	deviation	deviation	NOUN
hassl-907	274	22	between	between	ADP
hassl-907	274	23	the	the	DET
hassl-907	274	24	prices	price	NOUN
hassl-907	274	25	indicates	indicate	VERB
hassl-907	274	26	the	the	DET
hassl-907	274	27	presence	presence	NOUN
hassl-907	274	28	of	of	ADP
hassl-907	274	29	an	an	DET
hassl-907	274	30	inefficiency	inefficiency	NOUN
hassl-907	274	31	(	(	PUNCT
hassl-907	274	32	charteris	charteris	NOUN
hassl-907	274	33	,	,	PUNCT
hassl-907	274	34	chau	chau	NOUN
hassl-907	274	35	,	,	PUNCT
hassl-907	274	36	gavriilidis	gavriilidis	PROPN
hassl-907	274	37	,	,	PUNCT
hassl-907	274	38	&	&	CCONJ
hassl-907	274	39	kallinterakis	kallinterakis	PROPN
hassl-907	274	40	,	,	PUNCT
hassl-907	274	41	2014	2014	NUM
hassl-907	274	42	)	)	PUNCT
hassl-907	274	43	.	.	PUNCT
hassl-907	275	1	the	the	DET
hassl-907	275	2	existence	existence	NOUN
hassl-907	275	3	of	of	ADP
hassl-907	275	4	market	market	NOUN
hassl-907	275	5	inefficiency	inefficiency	NOUN
hassl-907	275	6	implies	imply	VERB
hassl-907	275	7	that	that	SCONJ
hassl-907	275	8	arbitrageurs	arbitrageur	NOUN
hassl-907	275	9	can	can	AUX
hassl-907	275	10	take	take	VERB
hassl-907	275	11	opposite	opposite	ADJ
hassl-907	275	12	positions	position	NOUN
hassl-907	275	13	in	in	ADP
hassl-907	275	14	the	the	DET
hassl-907	275	15	etf	etf	NOUN
hassl-907	275	16	and	and	CCONJ
hassl-907	275	17	underlying	underlying	ADJ
hassl-907	275	18	portfolio	portfolio	NOUN
hassl-907	275	19	,	,	PUNCT
hassl-907	275	20	unwind	unwind	VERB
hassl-907	275	21	the	the	DET
hassl-907	275	22	positions	position	NOUN
hassl-907	275	23	using	use	VERB
hassl-907	275	24	the	the	DET
hassl-907	275	25	etf	etf	NOUN
hassl-907	275	26	's	's	PART
hassl-907	275	27	creation	creation	NOUN
hassl-907	275	28	or	or	CCONJ
hassl-907	275	29	redemption	redemption	NOUN
hassl-907	275	30	process	process	NOUN
hassl-907	275	31	to	to	PART
hassl-907	275	32	arbitrage	arbitrage	VERB
hassl-907	275	33	the	the	DET
hassl-907	275	34	price	price	NOUN
hassl-907	275	35	discrepancy	discrepancy	NOUN
hassl-907	275	36	.	.	PUNCT
hassl-907	276	1	jares	jare	NOUN
hassl-907	276	2	&	&	CCONJ
hassl-907	276	3	lavin	lavin	PROPN
hassl-907	276	4	(	(	PUNCT
hassl-907	276	5	2004	2004	NUM
hassl-907	276	6	)	)	PUNCT
hassl-907	276	7	and	and	CCONJ
hassl-907	276	8	petajisto	petajisto	NOUN
hassl-907	276	9	(	(	PUNCT
hassl-907	276	10	2017	2017	NUM
hassl-907	276	11	)	)	PUNCT
hassl-907	276	12	claim	claim	VERB
hassl-907	276	13	that	that	SCONJ
hassl-907	276	14	a	a	DET
hassl-907	276	15	simple	simple	ADJ
hassl-907	276	16	trading	trading	NOUN
hassl-907	276	17	rule	rule	NOUN
hassl-907	276	18	based	base	VERB
hassl-907	276	19	on	on	ADP
hassl-907	276	20	this	this	DET
hassl-907	276	21	mispricing	mispricing	NOUN
hassl-907	276	22	produces	produce	VERB
hassl-907	276	23	impressive	impressive	ADJ
hassl-907	276	24	gross	gross	ADJ
hassl-907	276	25	returns	return	NOUN
hassl-907	276	26	.	.	PUNCT
hassl-907	277	1	table	table	NOUN
hassl-907	277	2	9	9	NUM
hassl-907	277	3	also	also	ADV
hassl-907	277	4	provides	provide	VERB
hassl-907	277	5	summary	summary	NOUN
hassl-907	277	6	statistics	statistic	NOUN
hassl-907	277	7	on	on	ADP
hassl-907	277	8	the	the	DET
hassl-907	277	9	distribution	distribution	NOUN
hassl-907	277	10	of	of	ADP
hassl-907	277	11	the	the	DET
hassl-907	277	12	positive	positive	ADJ
hassl-907	277	13	and	and	CCONJ
hassl-907	277	14	negative	negative	ADJ
hassl-907	277	15	percentage	percentage	NOUN
hassl-907	277	16	price	price	NOUN
hassl-907	277	17	deviations	deviation	NOUN
hassl-907	277	18	of	of	ADP
hassl-907	277	19	the	the	DET
hassl-907	277	20	etf	etf	NOUN
hassl-907	277	21	and	and	CCONJ
hassl-907	277	22	its	its	PRON
hassl-907	277	23	net	net	ADJ
hassl-907	277	24	asset	asset	NOUN
hassl-907	277	25	values	value	NOUN
hassl-907	277	26	.	.	PUNCT
hassl-907	278	1	all	all	DET
hassl-907	278	2	etfs	etfs	PROPN
hassl-907	278	3	exhibit	exhibit	VERB
hassl-907	278	4	positive	positive	ADJ
hassl-907	278	5	premiums	premium	NOUN
hassl-907	278	6	except	except	SCONJ
hassl-907	278	7	hong	hong	PROPN
hassl-907	278	8	kong	kong	PROPN
hassl-907	278	9	,	,	PUNCT
hassl-907	278	10	korea	korea	PROPN
hassl-907	278	11	,	,	PUNCT
hassl-907	278	12	new	new	PROPN
hassl-907	278	13	zealand	zealand	PROPN
hassl-907	278	14	,	,	PUNCT
hassl-907	278	15	and	and	CCONJ
hassl-907	278	16	taiwan	taiwan	PROPN
hassl-907	278	17	.	.	PUNCT
hassl-907	279	1	consistent	consistent	ADJ
hassl-907	279	2	with	with	ADP
hassl-907	279	3	previous	previous	ADJ
hassl-907	279	4	studies	study	NOUN
hassl-907	279	5	(	(	PUNCT
hassl-907	279	6	aber	aber	PROPN
hassl-907	279	7	et	et	PROPN
hassl-907	279	8	al	al	PROPN
hassl-907	279	9	.	.	PROPN
hassl-907	279	10	,	,	PUNCT
hassl-907	279	11	2009	2009	NUM
hassl-907	279	12	;	;	PUNCT
hassl-907	279	13	almudhaf	almudhaf	PROPN
hassl-907	279	14	&	&	CCONJ
hassl-907	279	15	alhashel	alhashel	PROPN
hassl-907	279	16	,	,	PUNCT
hassl-907	279	17	2020	2020	NUM
hassl-907	279	18	)	)	PUNCT
hassl-907	279	19	,	,	PUNCT
hassl-907	279	20	our	our	PRON
hassl-907	279	21	results	result	NOUN
hassl-907	279	22	indicate	indicate	VERB
hassl-907	279	23	that	that	SCONJ
hassl-907	279	24	the	the	DET
hassl-907	279	25	etfs	etfs	NOUN
hassl-907	279	26	are	be	AUX
hassl-907	279	27	more	more	ADV
hassl-907	279	28	likely	likely	ADJ
hassl-907	279	29	to	to	PART
hassl-907	279	30	trade	trade	VERB
hassl-907	279	31	at	at	ADP
hassl-907	279	32	a	a	DET
hassl-907	279	33	premium	premium	NOUN
hassl-907	279	34	than	than	ADP
hassl-907	279	35	at	at	ADP
hassl-907	279	36	a	a	DET
hassl-907	279	37	discount	discount	NOUN
hassl-907	279	38	.	.	PUNCT
hassl-907	280	1	this	this	DET
hassl-907	280	2	phenomenon	phenomenon	NOUN
hassl-907	280	3	creates	create	VERB
hassl-907	280	4	an	an	DET
hassl-907	280	5	humanities	humanity	NOUN
hassl-907	280	6	and	and	CCONJ
hassl-907	280	7	social	social	ADJ
hassl-907	280	8	sciences	science	NOUN
hassl-907	280	9	letters	letter	NOUN
hassl-907	280	10	,	,	PUNCT
hassl-907	280	11	2021	2021	NUM
hassl-907	280	12	,	,	PUNCT
hassl-907	280	13	9(4	9(4	NUM
hassl-907	280	14	):	):	PUNCT
hassl-907	280	15	389	389	NUM
hassl-907	280	16	-	-	SYM
hassl-907	280	17	402	402	NUM
hassl-907	280	18	400	400	NUM
hassl-907	280	19	©	©	PROPN
hassl-907	280	20	2021	2021	NUM
hassl-907	280	21	conscientia	conscientia	PROPN
hassl-907	280	22	beam	beam	PROPN
hassl-907	280	23	.	.	PUNCT
hassl-907	281	1	all	all	DET
hassl-907	281	2	rights	right	NOUN
hassl-907	281	3	reserved	reserve	VERB
hassl-907	281	4	.	.	PUNCT
hassl-907	282	1	arbitrage	arbitrage	NOUN
hassl-907	282	2	opportunity	opportunity	NOUN
hassl-907	282	3	for	for	SCONJ
hassl-907	282	4	arbitrageurs	arbitrageur	NOUN
hassl-907	282	5	to	to	PART
hassl-907	282	6	buy	buy	VERB
hassl-907	282	7	the	the	DET
hassl-907	282	8	underlying	underlie	VERB
hassl-907	282	9	securities	security	NOUN
hassl-907	282	10	and	and	CCONJ
hassl-907	282	11	sell	sell	VERB
hassl-907	282	12	the	the	DET
hassl-907	282	13	etf	etf	NOUN
hassl-907	282	14	shares	share	NOUN
hassl-907	282	15	to	to	PART
hassl-907	282	16	profit	profit	VERB
hassl-907	282	17	from	from	ADP
hassl-907	282	18	the	the	DET
hassl-907	282	19	mispricing	mispricing	NOUN
hassl-907	282	20	.	.	PUNCT
hassl-907	283	1	4	4	X
hassl-907	283	2	.	.	X
hassl-907	283	3	conclusion	conclusion	NOUN
hassl-907	283	4	this	this	DET
hassl-907	283	5	study	study	NOUN
hassl-907	283	6	investigates	investigate	VERB
hassl-907	283	7	the	the	DET
hassl-907	283	8	cointegration	cointegration	NOUN
hassl-907	283	9	relationship	relationship	NOUN
hassl-907	283	10	between	between	ADP
hassl-907	283	11	the	the	DET
hassl-907	283	12	etf	etf	NOUN
hassl-907	283	13	and	and	CCONJ
hassl-907	283	14	benchmark	benchmark	NOUN
hassl-907	283	15	index	index	NOUN
hassl-907	283	16	prices	price	NOUN
hassl-907	283	17	.	.	PUNCT
hassl-907	284	1	in	in	ADP
hassl-907	284	2	addition	addition	NOUN
hassl-907	284	3	,	,	PUNCT
hassl-907	284	4	this	this	DET
hassl-907	284	5	study	study	NOUN
hassl-907	284	6	examines	examine	VERB
hassl-907	284	7	the	the	DET
hassl-907	284	8	performance	performance	NOUN
hassl-907	284	9	of	of	ADP
hassl-907	284	10	an	an	DET
hassl-907	284	11	etf	etf	NOUN
hassl-907	284	12	in	in	ADP
hassl-907	284	13	terms	term	NOUN
hassl-907	284	14	of	of	ADP
hassl-907	284	15	annualized	annualize	VERB
hassl-907	284	16	holding	hold	VERB
hassl-907	284	17	period	period	NOUN
hassl-907	284	18	return	return	NOUN
hassl-907	284	19	,	,	PUNCT
hassl-907	284	20	riskadjusted	riskadjuste	VERB
hassl-907	284	21	return	return	NOUN
hassl-907	284	22	,	,	PUNCT
hassl-907	284	23	tracking	tracking	NOUN
hassl-907	284	24	error	error	NOUN
hassl-907	284	25	,	,	PUNCT
hassl-907	284	26	and	and	CCONJ
hassl-907	284	27	the	the	DET
hassl-907	284	28	premium	premium	NOUN
hassl-907	284	29	/	/	SYM
hassl-907	284	30	discount	discount	NOUN
hassl-907	284	31	associated	associate	VERB
hassl-907	284	32	with	with	ADP
hassl-907	284	33	the	the	DET
hassl-907	284	34	etf	etf	NOUN
hassl-907	284	35	.	.	PUNCT
hassl-907	285	1	the	the	DET
hassl-907	285	2	engle	engle	PROPN
hassl-907	285	3	-	-	PUNCT
hassl-907	285	4	granger	granger	PROPN
hassl-907	285	5	cointegration	cointegration	PROPN
hassl-907	285	6	test	test	NOUN
hassl-907	285	7	and	and	CCONJ
hassl-907	285	8	gregory	gregory	PROPN
hassl-907	285	9	and	and	CCONJ
hassl-907	285	10	hansen	hansen	PROPN
hassl-907	285	11	cointegration	cointegration	PROPN
hassl-907	285	12	test	test	NOUN
hassl-907	285	13	confirm	confirm	VERB
hassl-907	285	14	a	a	DET
hassl-907	285	15	relationship	relationship	NOUN
hassl-907	285	16	between	between	ADP
hassl-907	285	17	the	the	DET
hassl-907	285	18	etf	etf	NOUN
hassl-907	285	19	and	and	CCONJ
hassl-907	285	20	benchmark	benchmark	NOUN
hassl-907	285	21	index	index	NOUN
hassl-907	285	22	.	.	PUNCT
hassl-907	286	1	the	the	DET
hassl-907	286	2	presence	presence	NOUN
hassl-907	286	3	of	of	ADP
hassl-907	286	4	cointegration	cointegration	NOUN
hassl-907	286	5	indicates	indicate	VERB
hassl-907	286	6	the	the	DET
hassl-907	286	7	existence	existence	NOUN
hassl-907	286	8	of	of	ADP
hassl-907	286	9	a	a	DET
hassl-907	286	10	long	long	ADJ
hassl-907	286	11	-	-	PUNCT
hassl-907	286	12	term	term	NOUN
hassl-907	286	13	equilibrium	equilibrium	NOUN
hassl-907	286	14	relationship	relationship	NOUN
hassl-907	286	15	between	between	ADP
hassl-907	286	16	the	the	DET
hassl-907	286	17	two	two	NUM
hassl-907	286	18	.	.	PUNCT
hassl-907	287	1	since	since	SCONJ
hassl-907	287	2	the	the	DET
hassl-907	287	3	etf	etf	NOUN
hassl-907	287	4	and	and	CCONJ
hassl-907	287	5	benchmark	benchmark	NOUN
hassl-907	287	6	index	index	NOUN
hassl-907	287	7	prices	price	NOUN
hassl-907	287	8	are	be	AUX
hassl-907	287	9	cointegrated	cointegrate	VERB
hassl-907	287	10	,	,	PUNCT
hassl-907	287	11	the	the	DET
hassl-907	287	12	vector	vector	NOUN
hassl-907	287	13	error	error	NOUN
hassl-907	287	14	correction	correction	NOUN
hassl-907	287	15	model	model	NOUN
hassl-907	287	16	(	(	PUNCT
hassl-907	287	17	vecm	vecm	NOUN
hassl-907	287	18	)	)	PUNCT
hassl-907	287	19	is	be	AUX
hassl-907	287	20	employed	employ	VERB
hassl-907	287	21	.	.	PUNCT
hassl-907	288	1	the	the	DET
hassl-907	288	2	results	result	NOUN
hassl-907	288	3	reveal	reveal	VERB
hassl-907	288	4	a	a	DET
hassl-907	288	5	long	long	ADV
hassl-907	288	6	-	-	PUNCT
hassl-907	288	7	run	run	NOUN
hassl-907	288	8	causality	causality	NOUN
hassl-907	288	9	running	run	VERB
hassl-907	288	10	from	from	ADP
hassl-907	288	11	the	the	DET
hassl-907	288	12	benchmark	benchmark	ADJ
hassl-907	288	13	index	index	NOUN
hassl-907	288	14	to	to	ADP
hassl-907	288	15	the	the	DET
hassl-907	288	16	etf	etf	NOUN
hassl-907	288	17	,	,	PUNCT
hassl-907	288	18	which	which	PRON
hassl-907	288	19	suggests	suggest	VERB
hassl-907	288	20	that	that	SCONJ
hassl-907	288	21	the	the	DET
hassl-907	288	22	etf	etf	NOUN
hassl-907	288	23	may	may	AUX
hassl-907	288	24	be	be	AUX
hassl-907	288	25	an	an	DET
hassl-907	288	26	appropriate	appropriate	ADJ
hassl-907	288	27	substitute	substitute	NOUN
hassl-907	288	28	for	for	ADP
hassl-907	288	29	directly	directly	ADV
hassl-907	288	30	investing	invest	VERB
hassl-907	288	31	in	in	ADP
hassl-907	288	32	the	the	DET
hassl-907	288	33	stock	stock	NOUN
hassl-907	288	34	market	market	NOUN
hassl-907	288	35	because	because	SCONJ
hassl-907	288	36	it	it	PRON
hassl-907	288	37	may	may	AUX
hassl-907	288	38	replicate	replicate	VERB
hassl-907	288	39	the	the	DET
hassl-907	288	40	performance	performance	NOUN
hassl-907	288	41	of	of	ADP
hassl-907	288	42	the	the	DET
hassl-907	288	43	etf	etf	NOUN
hassl-907	288	44	benchmark	benchmark	NOUN
hassl-907	288	45	index	index	NOUN
hassl-907	288	46	over	over	ADP
hassl-907	288	47	the	the	DET
hassl-907	288	48	long	long	ADJ
hassl-907	288	49	run	run	NOUN
hassl-907	288	50	.	.	PUNCT
hassl-907	289	1	a	a	DET
hassl-907	289	2	unidirectional	unidirectional	ADJ
hassl-907	289	3	causality	causality	NOUN
hassl-907	289	4	from	from	ADP
hassl-907	289	5	the	the	DET
hassl-907	289	6	etf	etf	NOUN
hassl-907	289	7	to	to	ADP
hassl-907	289	8	the	the	DET
hassl-907	289	9	benchmark	benchmark	NOUN
hassl-907	289	10	index	index	NOUN
hassl-907	289	11	indicates	indicate	VERB
hassl-907	289	12	that	that	SCONJ
hassl-907	289	13	benchmark	benchmark	NOUN
hassl-907	289	14	index	index	NOUN
hassl-907	289	15	prices	price	NOUN
hassl-907	289	16	respond	respond	VERB
hassl-907	289	17	to	to	ADP
hassl-907	289	18	the	the	DET
hassl-907	289	19	short	short	ADJ
hassl-907	289	20	-	-	PUNCT
hassl-907	289	21	run	run	NOUN
hassl-907	289	22	changes	change	NOUN
hassl-907	289	23	in	in	ADP
hassl-907	289	24	the	the	DET
hassl-907	289	25	etf	etf	NOUN
hassl-907	289	26	prices	price	NOUN
hassl-907	289	27	when	when	SCONJ
hassl-907	289	28	new	new	ADJ
hassl-907	289	29	information	information	NOUN
hassl-907	289	30	is	be	AUX
hassl-907	289	31	available	available	ADJ
hassl-907	289	32	.	.	PUNCT
hassl-907	290	1	a	a	DET
hassl-907	290	2	detailed	detailed	ADJ
hassl-907	290	3	analysis	analysis	NOUN
hassl-907	290	4	of	of	ADP
hassl-907	290	5	the	the	DET
hassl-907	290	6	granger	granger	PROPN
hassl-907	290	7	causality	causality	PROPN
hassl-907	290	8	test	test	NOUN
hassl-907	290	9	provides	provide	VERB
hassl-907	290	10	information	information	NOUN
hassl-907	290	11	to	to	ADP
hassl-907	290	12	etf	etf	NOUN
hassl-907	290	13	participants	participant	NOUN
hassl-907	290	14	on	on	ADP
hassl-907	290	15	causal	causal	ADJ
hassl-907	290	16	relationships	relationship	NOUN
hassl-907	290	17	among	among	ADP
hassl-907	290	18	markets	market	NOUN
hassl-907	290	19	that	that	PRON
hassl-907	290	20	can	can	AUX
hassl-907	290	21	help	help	VERB
hassl-907	290	22	determine	determine	VERB
hassl-907	290	23	investment	investment	NOUN
hassl-907	290	24	strategies	strategy	NOUN
hassl-907	290	25	.	.	PUNCT
hassl-907	291	1	this	this	DET
hassl-907	291	2	study	study	NOUN
hassl-907	291	3	also	also	ADV
hassl-907	291	4	investigates	investigate	VERB
hassl-907	291	5	the	the	DET
hassl-907	291	6	performance	performance	NOUN
hassl-907	291	7	of	of	ADP
hassl-907	291	8	etfs	etfs	PROPN
hassl-907	291	9	as	as	ADP
hassl-907	291	10	passive	passive	ADJ
hassl-907	291	11	investment	investment	NOUN
hassl-907	291	12	tools	tool	NOUN
hassl-907	291	13	by	by	ADP
hassl-907	291	14	calculating	calculate	VERB
hassl-907	291	15	various	various	ADJ
hassl-907	291	16	measurements	measurement	NOUN
hassl-907	291	17	.	.	PUNCT
hassl-907	292	1	in	in	ADP
hassl-907	292	2	general	general	ADJ
hassl-907	292	3	,	,	PUNCT
hassl-907	292	4	our	our	PRON
hassl-907	292	5	findings	finding	NOUN
hassl-907	292	6	reveal	reveal	VERB
hassl-907	292	7	that	that	SCONJ
hassl-907	292	8	etfs	etfs	PROPN
hassl-907	292	9	show	show	VERB
hassl-907	292	10	positive	positive	ADJ
hassl-907	292	11	annualized	annualize	VERB
hassl-907	292	12	holding	hold	VERB
hassl-907	292	13	returns	return	NOUN
hassl-907	292	14	and	and	CCONJ
hassl-907	292	15	positive	positive	ADJ
hassl-907	292	16	sharpe	sharpe	NOUN
hassl-907	292	17	ratios	ratio	NOUN
hassl-907	292	18	.	.	PUNCT
hassl-907	293	1	the	the	DET
hassl-907	293	2	findings	finding	NOUN
hassl-907	293	3	of	of	ADP
hassl-907	293	4	tracking	track	VERB
hassl-907	293	5	errors	error	NOUN
hassl-907	293	6	between	between	ADP
hassl-907	293	7	etfs	etfs	PROPN
hassl-907	293	8	and	and	CCONJ
hassl-907	293	9	benchmark	benchmark	NOUN
hassl-907	293	10	indices	index	NOUN
hassl-907	293	11	suggest	suggest	VERB
hassl-907	293	12	stock	stock	NOUN
hassl-907	293	13	selection	selection	NOUN
hassl-907	293	14	and	and	CCONJ
hassl-907	293	15	market	market	NOUN
hassl-907	293	16	timing	timing	NOUN
hassl-907	293	17	abilities	ability	NOUN
hassl-907	293	18	among	among	ADP
hassl-907	293	19	the	the	DET
hassl-907	293	20	etf	etf	NOUN
hassl-907	293	21	fund	fund	NOUN
hassl-907	293	22	managers	manager	NOUN
hassl-907	293	23	.	.	PUNCT
hassl-907	294	1	in	in	ADP
hassl-907	294	2	other	other	ADJ
hassl-907	294	3	words	word	NOUN
hassl-907	294	4	,	,	PUNCT
hassl-907	294	5	the	the	DET
hassl-907	294	6	etf	etf	NOUN
hassl-907	294	7	fund	fund	NOUN
hassl-907	294	8	managers	manager	NOUN
hassl-907	294	9	try	try	VERB
hassl-907	294	10	to	to	PART
hassl-907	294	11	construct	construct	VERB
hassl-907	294	12	their	their	PRON
hassl-907	294	13	investment	investment	NOUN
hassl-907	294	14	portfolios	portfolio	NOUN
hassl-907	294	15	to	to	PART
hassl-907	294	16	enhance	enhance	VERB
hassl-907	294	17	the	the	DET
hassl-907	294	18	etf	etf	NOUN
hassl-907	294	19	returns	return	NOUN
hassl-907	294	20	.	.	PUNCT
hassl-907	295	1	we	we	PRON
hassl-907	295	2	can	can	AUX
hassl-907	295	3	conclude	conclude	VERB
hassl-907	295	4	that	that	SCONJ
hassl-907	295	5	the	the	DET
hassl-907	295	6	etf	etf	NOUN
hassl-907	295	7	fund	fund	NOUN
hassl-907	295	8	managers	manager	NOUN
hassl-907	295	9	add	add	VERB
hassl-907	295	10	value	value	NOUN
hassl-907	295	11	to	to	ADP
hassl-907	295	12	the	the	DET
hassl-907	295	13	etfs	etfs	NOUN
hassl-907	295	14	and	and	CCONJ
hassl-907	295	15	generate	generate	VERB
hassl-907	295	16	better	well	ADV
hassl-907	295	17	than	than	ADP
hassl-907	295	18	the	the	DET
hassl-907	295	19	market	market	NOUN
hassl-907	295	20	returns	return	NOUN
hassl-907	295	21	,	,	PUNCT
hassl-907	295	22	as	as	SCONJ
hassl-907	295	23	suggested	suggest	VERB
hassl-907	295	24	by	by	ADP
hassl-907	295	25	a	a	DET
hassl-907	295	26	positive	positive	ADJ
hassl-907	295	27	jensen	jensen	PROPN
hassl-907	295	28	's	's	PART
hassl-907	295	29	alpha	alpha	NOUN
hassl-907	295	30	.	.	PUNCT
hassl-907	296	1	our	our	PRON
hassl-907	296	2	empirical	empirical	ADJ
hassl-907	296	3	results	result	NOUN
hassl-907	296	4	are	be	AUX
hassl-907	296	5	practically	practically	ADV
hassl-907	296	6	useful	useful	ADJ
hassl-907	296	7	for	for	SCONJ
hassl-907	296	8	market	market	NOUN
hassl-907	296	9	participants	participant	NOUN
hassl-907	296	10	to	to	PART
hassl-907	296	11	understand	understand	VERB
hassl-907	296	12	the	the	DET
hassl-907	296	13	pricing	pricing	NOUN
hassl-907	296	14	efficiency	efficiency	NOUN
hassl-907	296	15	and	and	CCONJ
hassl-907	296	16	performance	performance	NOUN
hassl-907	296	17	of	of	ADP
hassl-907	296	18	the	the	DET
hassl-907	296	19	etfs	etfs	NOUN
hassl-907	296	20	and	and	CCONJ
hassl-907	296	21	the	the	DET
hassl-907	296	22	relationship	relationship	NOUN
hassl-907	296	23	between	between	ADP
hassl-907	296	24	them	they	PRON
hassl-907	296	25	and	and	CCONJ
hassl-907	296	26	benchmark	benchmark	NOUN
hassl-907	296	27	indices	index	NOUN
hassl-907	296	28	.	.	PUNCT
hassl-907	297	1	this	this	DET
hassl-907	297	2	finding	finding	NOUN
hassl-907	297	3	provides	provide	VERB
hassl-907	297	4	further	further	ADJ
hassl-907	297	5	incentives	incentive	NOUN
hassl-907	297	6	to	to	ADP
hassl-907	297	7	investors	investor	NOUN
hassl-907	297	8	for	for	ADP
hassl-907	297	9	considering	consider	VERB
hassl-907	297	10	etfs	etfs	PROPN
hassl-907	297	11	as	as	ADP
hassl-907	297	12	alternative	alternative	ADJ
hassl-907	297	13	instruments	instrument	NOUN
hassl-907	297	14	to	to	ADP
hassl-907	297	15	investing	invest	VERB
hassl-907	297	16	in	in	ADP
hassl-907	297	17	the	the	DET
hassl-907	297	18	stock	stock	NOUN
hassl-907	297	19	market	market	NOUN
hassl-907	297	20	.	.	PUNCT
hassl-907	298	1	the	the	DET
hassl-907	298	2	findings	finding	NOUN
hassl-907	298	3	of	of	ADP
hassl-907	298	4	long	long	ADJ
hassl-907	298	5	-	-	PUNCT
hassl-907	298	6	run	run	NOUN
hassl-907	298	7	relationships	relationship	NOUN
hassl-907	298	8	between	between	ADP
hassl-907	298	9	etf	etf	NOUN
hassl-907	298	10	and	and	CCONJ
hassl-907	298	11	benchmark	benchmark	NOUN
hassl-907	298	12	index	index	NOUN
hassl-907	298	13	prices	price	NOUN
hassl-907	298	14	highlight	highlight	VERB
hassl-907	298	15	the	the	DET
hassl-907	298	16	price	price	NOUN
hassl-907	298	17	discovery	discovery	NOUN
hassl-907	298	18	role	role	NOUN
hassl-907	298	19	of	of	ADP
hassl-907	298	20	etfs	etfs	PROPN
hassl-907	298	21	,	,	PUNCT
hassl-907	298	22	which	which	PRON
hassl-907	298	23	could	could	AUX
hassl-907	298	24	benefit	benefit	VERB
hassl-907	298	25	benchmark	benchmark	NOUN
hassl-907	298	26	index	index	NOUN
hassl-907	298	27	forecasting	forecasting	NOUN
hassl-907	298	28	.	.	PUNCT
hassl-907	299	1	funding	funding	NOUN
hassl-907	299	2	:	:	PUNCT
hassl-907	299	3	this	this	DET
hassl-907	299	4	study	study	NOUN
hassl-907	299	5	received	receive	VERB
hassl-907	299	6	no	no	DET
hassl-907	299	7	specific	specific	ADJ
hassl-907	299	8	financial	financial	ADJ
hassl-907	299	9	support	support	NOUN
hassl-907	299	10	.	.	PUNCT
hassl-907	300	1	competing	compete	VERB
hassl-907	300	2	interests	interest	NOUN
hassl-907	300	3	:	:	PUNCT
hassl-907	300	4	the	the	DET
hassl-907	300	5	authors	author	NOUN
hassl-907	300	6	declare	declare	VERB
hassl-907	300	7	that	that	SCONJ
hassl-907	300	8	they	they	PRON
hassl-907	300	9	have	have	VERB
hassl-907	300	10	no	no	DET
hassl-907	300	11	competing	compete	VERB
hassl-907	300	12	interests	interest	NOUN
hassl-907	300	13	.	.	PUNCT
hassl-907	301	1	acknowledgement	acknowledgement	NOUN
hassl-907	301	2	:	:	PUNCT
hassl-907	301	3	all	all	DET
hassl-907	301	4	authors	author	NOUN
hassl-907	301	5	contributed	contribute	VERB
hassl-907	301	6	equally	equally	ADV
hassl-907	301	7	to	to	ADP
hassl-907	301	8	the	the	DET
hassl-907	301	9	conception	conception	NOUN
hassl-907	301	10	and	and	CCONJ
hassl-907	301	11	design	design	NOUN
hassl-907	301	12	of	of	ADP
hassl-907	301	13	the	the	DET
hassl-907	301	14	study	study	NOUN
hassl-907	301	15	.	.	PUNCT
hassl-907	302	1	references	reference	NOUN
hassl-907	302	2	aber	aber	PROPN
hassl-907	302	3	,	,	PUNCT
hassl-907	302	4	j.	j.	PROPN
hassl-907	302	5	w.	w.	PROPN
hassl-907	302	6	,	,	PUNCT
hassl-907	302	7	li	li	PROPN
hassl-907	302	8	,	,	PUNCT
hassl-907	302	9	d.	d.	PROPN
hassl-907	302	10	,	,	PUNCT
hassl-907	302	11	&	&	CCONJ
hassl-907	302	12	can	can	AUX
hassl-907	302	13	,	,	PUNCT
hassl-907	302	14	l.	l.	PROPN
hassl-907	302	15	(	(	PUNCT
hassl-907	302	16	2009	2009	NUM
hassl-907	302	17	)	)	PUNCT
hassl-907	302	18	.	.	PUNCT
hassl-907	303	1	price	price	NOUN
hassl-907	303	2	volatility	volatility	NOUN
hassl-907	303	3	and	and	CCONJ
hassl-907	303	4	tracking	tracking	NOUN
hassl-907	303	5	ability	ability	NOUN
hassl-907	303	6	of	of	ADP
hassl-907	303	7	etfs	etfs	PROPN
hassl-907	303	8	.	.	PUNCT
hassl-907	304	1	journal	journal	PROPN
hassl-907	304	2	of	of	ADP
hassl-907	304	3	asset	asset	NOUN
hassl-907	304	4	management	management	NOUN
hassl-907	304	5	,	,	PUNCT
hassl-907	304	6	10(4	10(4	NUM
hassl-907	304	7	)	)	PUNCT
hassl-907	304	8	,	,	PUNCT
hassl-907	304	9	210	210	NUM
hassl-907	304	10	-	-	SYM
hassl-907	304	11	221	221	NUM
hassl-907	304	12	.	.	PUNCT
hassl-907	305	1	available	available	ADJ
hassl-907	305	2	at	at	ADP
hassl-907	305	3	:	:	PUNCT
hassl-907	305	4	https://doi.org/10.1057/jam.2009.13	https://doi.org/10.1057/jam.2009.13	X
hassl-907	305	5	.	.	PUNCT
hassl-907	305	6	ackert	ackert	PROPN
hassl-907	305	7	,	,	PUNCT
hassl-907	305	8	l.	l.	PROPN
hassl-907	305	9	f.	f.	PROPN
hassl-907	305	10	,	,	PUNCT
hassl-907	305	11	&	&	CCONJ
hassl-907	305	12	tian	tian	PROPN
hassl-907	305	13	,	,	PUNCT
hassl-907	305	14	y.	y.	PROPN
hassl-907	305	15	s.	s.	PROPN
hassl-907	305	16	(	(	PUNCT
hassl-907	305	17	2008	2008	NUM
hassl-907	305	18	)	)	PUNCT
hassl-907	305	19	.	.	PUNCT
hassl-907	306	1	arbitrage	arbitrage	NOUN
hassl-907	306	2	,	,	PUNCT
hassl-907	306	3	liquidity	liquidity	NOUN
hassl-907	306	4	,	,	PUNCT
hassl-907	306	5	and	and	CCONJ
hassl-907	306	6	the	the	DET
hassl-907	306	7	valuation	valuation	NOUN
hassl-907	306	8	of	of	ADP
hassl-907	306	9	exchange	exchange	NOUN
hassl-907	306	10	-	-	PUNCT
hassl-907	306	11	traded	trade	VERB
hassl-907	306	12	funds	fund	NOUN
hassl-907	306	13	.	.	PUNCT
hassl-907	307	1	financial	financial	ADJ
hassl-907	307	2	markets	market	NOUN
hassl-907	307	3	,	,	PUNCT
hassl-907	307	4	institutions	institution	NOUN
hassl-907	307	5	&	&	CCONJ
hassl-907	307	6	instruments	instrument	NOUN
hassl-907	307	7	,	,	PUNCT
hassl-907	307	8	17(5	17(5	NUM
hassl-907	307	9	)	)	PUNCT
hassl-907	307	10	,	,	PUNCT
hassl-907	307	11	331	331	NUM
hassl-907	307	12	-	-	SYM
hassl-907	307	13	362	362	NUM
hassl-907	307	14	.	.	PUNCT
hassl-907	307	15	available	available	ADJ
hassl-907	307	16	at	at	ADP
hassl-907	307	17	:	:	PUNCT
hassl-907	307	18	https://doi.org/10.1111/j.1468-0416.2008.00144.x	https://doi.org/10.1111/j.1468-0416.2008.00144.x	NOUN
hassl-907	307	19	.	.	PUNCT
hassl-907	308	1	alam	alam	PROPN
hassl-907	308	2	,	,	PUNCT
hassl-907	308	3	n.	n.	PROPN
hassl-907	308	4	(	(	PUNCT
hassl-907	308	5	2013	2013	NUM
hassl-907	308	6	)	)	PUNCT
hassl-907	308	7	.	.	PUNCT
hassl-907	309	1	a	a	DET
hassl-907	309	2	comparative	comparative	ADJ
hassl-907	309	3	performance	performance	NOUN
hassl-907	309	4	analysis	analysis	NOUN
hassl-907	309	5	of	of	ADP
hassl-907	309	6	conventional	conventional	ADJ
hassl-907	309	7	and	and	CCONJ
hassl-907	309	8	islamic	islamic	ADJ
hassl-907	309	9	exchange	exchange	NOUN
hassl-907	309	10	-	-	PUNCT
hassl-907	309	11	traded	trade	VERB
hassl-907	309	12	funds	fund	NOUN
hassl-907	309	13	.	.	PUNCT
hassl-907	310	1	journal	journal	PROPN
hassl-907	310	2	of	of	ADP
hassl-907	310	3	asset	asset	NOUN
hassl-907	310	4	management	management	NOUN
hassl-907	310	5	,	,	PUNCT
hassl-907	310	6	14(1	14(1	NUM
hassl-907	310	7	)	)	PUNCT
hassl-907	310	8	,	,	PUNCT
hassl-907	310	9	27	27	NUM
hassl-907	310	10	-	-	SYM
hassl-907	310	11	36	36	NUM
hassl-907	310	12	.	.	PUNCT
hassl-907	310	13	available	available	ADJ
hassl-907	310	14	at	at	ADP
hassl-907	310	15	:	:	PUNCT
hassl-907	310	16	https://doi.org/10.1057/jam.2012.23	https://doi.org/10.1057/jam.2012.23	X
hassl-907	310	17	.	.	PUNCT
hassl-907	310	18	almudhaf	almudhaf	PROPN
hassl-907	310	19	,	,	PUNCT
hassl-907	310	20	f.	f.	PROPN
hassl-907	310	21	,	,	PUNCT
hassl-907	310	22	&	&	CCONJ
hassl-907	310	23	alhashel	alhashel	PROPN
hassl-907	310	24	,	,	PUNCT
hassl-907	310	25	b.	b.	PROPN
hassl-907	310	26	(	(	PUNCT
hassl-907	310	27	2020	2020	NUM
hassl-907	310	28	)	)	PUNCT
hassl-907	310	29	.	.	PUNCT
hassl-907	311	1	pricing	pricing	NOUN
hassl-907	311	2	efficiency	efficiency	NOUN
hassl-907	311	3	of	of	ADP
hassl-907	311	4	saudi	saudi	ADJ
hassl-907	311	5	exchange	exchange	NOUN
hassl-907	311	6	-	-	PUNCT
hassl-907	311	7	traded	trade	VERB
hassl-907	311	8	funds	fund	NOUN
hassl-907	311	9	(	(	PUNCT
hassl-907	311	10	etfs	etfs	PROPN
hassl-907	311	11	)	)	PUNCT
hassl-907	311	12	.	.	PUNCT
hassl-907	312	1	journal	journal	PROPN
hassl-907	312	2	of	of	ADP
hassl-907	312	3	islamic	islamic	PROPN
hassl-907	312	4	accounting	accounting	PROPN
hassl-907	312	5	and	and	CCONJ
hassl-907	312	6	business	business	NOUN
hassl-907	312	7	research	research	NOUN
hassl-907	312	8	,	,	PUNCT
hassl-907	312	9	11(3	11(3	NUM
hassl-907	312	10	)	)	PUNCT
hassl-907	312	11	,	,	PUNCT
hassl-907	312	12	793	793	NUM
hassl-907	312	13	-	-	SYM
hassl-907	312	14	809	809	NUM
hassl-907	312	15	.	.	PUNCT
hassl-907	312	16	available	available	ADJ
hassl-907	312	17	at	at	ADP
hassl-907	312	18	:	:	PUNCT
hassl-907	312	19	https://doi.org/10.1108/jiabr-06-2017-0082	https://doi.org/10.1108/jiabr-06-2017-0082	PROPN
hassl-907	312	20	.	.	PUNCT
hassl-907	313	1	blitz	blitz	PROPN
hassl-907	313	2	,	,	PUNCT
hassl-907	313	3	d.	d.	PROPN
hassl-907	313	4	,	,	PUNCT
hassl-907	313	5	&	&	CCONJ
hassl-907	313	6	huij	huij	PROPN
hassl-907	313	7	,	,	PUNCT
hassl-907	313	8	j.	j.	PROPN
hassl-907	313	9	(	(	PUNCT
hassl-907	313	10	2012	2012	NUM
hassl-907	313	11	)	)	PUNCT
hassl-907	313	12	.	.	PUNCT
hassl-907	314	1	evaluating	evaluate	VERB
hassl-907	314	2	the	the	DET
hassl-907	314	3	performance	performance	NOUN
hassl-907	314	4	of	of	ADP
hassl-907	314	5	global	global	ADJ
hassl-907	314	6	emerging	emerge	VERB
hassl-907	314	7	markets	market	NOUN
hassl-907	314	8	equity	equity	NOUN
hassl-907	314	9	exchange	exchange	NOUN
hassl-907	314	10	-	-	PUNCT
hassl-907	314	11	traded	trade	VERB
hassl-907	314	12	funds	fund	NOUN
hassl-907	314	13	.	.	PUNCT
hassl-907	315	1	emerging	emerge	VERB
hassl-907	315	2	markets	market	NOUN
hassl-907	315	3	review	review	NOUN
hassl-907	315	4	,	,	PUNCT
hassl-907	315	5	13(2	13(2	PROPN
hassl-907	315	6	)	)	PUNCT
hassl-907	315	7	,	,	PUNCT
hassl-907	315	8	149	149	NUM
hassl-907	315	9	-	-	SYM
hassl-907	315	10	158	158	NUM
hassl-907	315	11	.	.	PUNCT
hassl-907	315	12	available	available	ADJ
hassl-907	315	13	at	at	ADP
hassl-907	315	14	:	:	PUNCT
hassl-907	315	15	https://doi.org/10.1016/j.ememar.2012.01.004	https://doi.org/10.1016/j.ememar.2012.01.004	NOUN
hassl-907	315	16	.	.	PUNCT
hassl-907	316	1	humanities	humanity	NOUN
hassl-907	316	2	and	and	CCONJ
hassl-907	316	3	social	social	ADJ
hassl-907	316	4	sciences	science	NOUN
hassl-907	316	5	letters	letter	NOUN
hassl-907	316	6	,	,	PUNCT
hassl-907	316	7	2021	2021	NUM
hassl-907	316	8	,	,	PUNCT
hassl-907	316	9	9(4	9(4	NUM
hassl-907	316	10	):	):	PUNCT
hassl-907	316	11	389	389	NUM
hassl-907	316	12	-	-	SYM
hassl-907	316	13	402	402	NUM
hassl-907	316	14	401	401	NUM
hassl-907	316	15	©	©	PROPN
hassl-907	316	16	2021	2021	NUM
hassl-907	316	17	conscientia	conscientia	PROPN
hassl-907	316	18	beam	beam	PROPN
hassl-907	316	19	.	.	PUNCT
hassl-907	317	1	all	all	DET
hassl-907	317	2	rights	right	NOUN
hassl-907	317	3	reserved	reserve	VERB
hassl-907	317	4	.	.	PUNCT
hassl-907	318	1	blitz	blitz	PROPN
hassl-907	318	2	,	,	PUNCT
hassl-907	318	3	d.	d.	PROPN
hassl-907	318	4	,	,	PUNCT
hassl-907	318	5	huij	huij	PROPN
hassl-907	318	6	,	,	PUNCT
hassl-907	318	7	j.	j.	PROPN
hassl-907	318	8	,	,	PUNCT
hassl-907	318	9	&	&	CCONJ
hassl-907	318	10	swinkels	swinkels	PROPN
hassl-907	318	11	,	,	PUNCT
hassl-907	318	12	l.	l.	PROPN
hassl-907	318	13	(	(	PUNCT
hassl-907	318	14	2012	2012	NUM
hassl-907	318	15	)	)	PUNCT
hassl-907	318	16	.	.	PUNCT
hassl-907	319	1	the	the	DET
hassl-907	319	2	performance	performance	NOUN
hassl-907	319	3	of	of	ADP
hassl-907	319	4	european	european	ADJ
hassl-907	319	5	index	index	NOUN
hassl-907	319	6	funds	fund	NOUN
hassl-907	319	7	and	and	CCONJ
hassl-907	319	8	exchange	exchange	NOUN
hassl-907	319	9	-	-	PUNCT
hassl-907	319	10	traded	trade	VERB
hassl-907	319	11	funds	fund	NOUN
hassl-907	319	12	.	.	PUNCT
hassl-907	320	1	european	european	ADJ
hassl-907	320	2	financial	financial	ADJ
hassl-907	320	3	management	management	NOUN
hassl-907	320	4	,	,	PUNCT
hassl-907	320	5	18(4	18(4	NUM
hassl-907	320	6	)	)	PUNCT
hassl-907	320	7	,	,	PUNCT
hassl-907	320	8	649	649	NUM
hassl-907	320	9	-	-	SYM
hassl-907	320	10	662	662	NUM
hassl-907	320	11	.	.	PUNCT
hassl-907	320	12	available	available	ADJ
hassl-907	320	13	at	at	ADP
hassl-907	320	14	:	:	PUNCT
hassl-907	320	15	https://doi.org/10.1111/j.1468-036x.2010.00550.x	https://doi.org/10.1111/j.1468-036x.2010.00550.x	PROPN
hassl-907	320	16	.	.	PUNCT
hassl-907	321	1	broman	broman	NOUN
hassl-907	321	2	,	,	PUNCT
hassl-907	321	3	m.	m.	NOUN
hassl-907	321	4	s.	s.	PROPN
hassl-907	321	5	(	(	PUNCT
hassl-907	321	6	2016	2016	NUM
hassl-907	321	7	)	)	PUNCT
hassl-907	321	8	.	.	PUNCT
hassl-907	322	1	liquidity	liquidity	NOUN
hassl-907	322	2	,	,	PUNCT
hassl-907	322	3	style	style	NOUN
hassl-907	322	4	investing	investing	NOUN
hassl-907	322	5	and	and	CCONJ
hassl-907	322	6	excess	excess	ADJ
hassl-907	322	7	comovement	comovement	NOUN
hassl-907	322	8	of	of	ADP
hassl-907	322	9	exchange	exchange	NOUN
hassl-907	322	10	-	-	PUNCT
hassl-907	322	11	traded	trade	VERB
hassl-907	322	12	fund	fund	NOUN
hassl-907	322	13	returns	return	NOUN
hassl-907	322	14	.	.	PUNCT
hassl-907	323	1	journal	journal	NOUN
hassl-907	323	2	of	of	ADP
hassl-907	323	3	financial	financial	ADJ
hassl-907	323	4	markets	market	NOUN
hassl-907	323	5	,	,	PUNCT
hassl-907	323	6	30	30	NUM
hassl-907	323	7	,	,	PUNCT
hassl-907	323	8	27	27	NUM
hassl-907	323	9	-	-	SYM
hassl-907	323	10	53	53	NUM
hassl-907	323	11	.	.	PUNCT
hassl-907	323	12	available	available	ADJ
hassl-907	323	13	at	at	ADP
hassl-907	323	14	:	:	PUNCT
hassl-907	323	15	https://doi.org/10.1016/j.finmar.2016.05.002	https://doi.org/10.1016/j.finmar.2016.05.002	NOUN
hassl-907	323	16	.	.	PUNCT
hassl-907	324	1	buckle	buckle	NOUN
hassl-907	324	2	,	,	PUNCT
hassl-907	324	3	m.	m.	NOUN
hassl-907	324	4	,	,	PUNCT
hassl-907	324	5	chen	chen	PROPN
hassl-907	324	6	,	,	PUNCT
hassl-907	324	7	j.	j.	PROPN
hassl-907	324	8	,	,	PUNCT
hassl-907	324	9	guo	guo	PROPN
hassl-907	324	10	,	,	PUNCT
hassl-907	324	11	q.	q.	PROPN
hassl-907	324	12	,	,	PUNCT
hassl-907	324	13	&	&	CCONJ
hassl-907	324	14	tong	tong	PROPN
hassl-907	324	15	,	,	PUNCT
hassl-907	324	16	c.	c.	PROPN
hassl-907	324	17	(	(	PUNCT
hassl-907	324	18	2018	2018	NUM
hassl-907	324	19	)	)	PUNCT
hassl-907	324	20	.	.	PUNCT
hassl-907	325	1	do	do	AUX
hassl-907	325	2	etfs	etfs	PROPN
hassl-907	325	3	lead	lead	VERB
hassl-907	325	4	the	the	DET
hassl-907	325	5	price	price	NOUN
hassl-907	325	6	moves	move	NOUN
hassl-907	325	7	?	?	PUNCT
hassl-907	326	1	evidence	evidence	NOUN
hassl-907	326	2	from	from	ADP
hassl-907	326	3	the	the	DET
hassl-907	326	4	major	major	ADJ
hassl-907	326	5	us	us	PROPN
hassl-907	326	6	markets	market	NOUN
hassl-907	326	7	.	.	PUNCT
hassl-907	327	1	international	international	ADJ
hassl-907	327	2	review	review	NOUN
hassl-907	327	3	of	of	ADP
hassl-907	327	4	financial	financial	ADJ
hassl-907	327	5	analysis	analysis	NOUN
hassl-907	327	6	,	,	PUNCT
hassl-907	327	7	58	58	NUM
hassl-907	327	8	,	,	PUNCT
hassl-907	327	9	91	91	NUM
hassl-907	327	10	-	-	SYM
hassl-907	327	11	103	103	NUM
hassl-907	327	12	.	.	PUNCT
hassl-907	327	13	available	available	ADJ
hassl-907	327	14	at	at	ADP
hassl-907	327	15	:	:	PUNCT
hassl-907	327	16	https://doi.org/10.1016/j.irfa.2017.12.005	https://doi.org/10.1016/j.irfa.2017.12.005	PROPN
hassl-907	327	17	.	.	PUNCT
hassl-907	328	1	buetow	buetow	PROPN
hassl-907	328	2	,	,	PUNCT
hassl-907	328	3	g.	g.	PROPN
hassl-907	328	4	w.	w.	PROPN
hassl-907	328	5	,	,	PUNCT
hassl-907	328	6	&	&	CCONJ
hassl-907	328	7	henderson	henderson	PROPN
hassl-907	328	8	,	,	PUNCT
hassl-907	328	9	b.	b.	PROPN
hassl-907	328	10	j.	j.	PROPN
hassl-907	328	11	(	(	PUNCT
hassl-907	328	12	2012	2012	NUM
hassl-907	328	13	)	)	PUNCT
hassl-907	328	14	.	.	PUNCT
hassl-907	329	1	an	an	DET
hassl-907	329	2	empirical	empirical	ADJ
hassl-907	329	3	analysis	analysis	NOUN
hassl-907	329	4	of	of	ADP
hassl-907	329	5	exchange	exchange	NOUN
hassl-907	329	6	-	-	PUNCT
hassl-907	329	7	traded	trade	VERB
hassl-907	329	8	funds	fund	NOUN
hassl-907	329	9	.	.	PUNCT
hassl-907	330	1	the	the	DET
hassl-907	330	2	journal	journal	PROPN
hassl-907	330	3	of	of	ADP
hassl-907	330	4	portfolio	portfolio	NOUN
hassl-907	330	5	management	management	NOUN
hassl-907	330	6	,	,	PUNCT
hassl-907	330	7	38(4	38(4	NUM
hassl-907	330	8	)	)	PUNCT
hassl-907	330	9	,	,	PUNCT
hassl-907	330	10	112	112	NUM
hassl-907	330	11	-	-	SYM
hassl-907	330	12	127	127	NUM
hassl-907	330	13	.	.	PUNCT
hassl-907	331	1	charteris	charteris	PROPN
hassl-907	331	2	,	,	PUNCT
hassl-907	331	3	a.	a.	NOUN
hassl-907	331	4	,	,	PUNCT
hassl-907	331	5	chau	chau	NOUN
hassl-907	331	6	,	,	PUNCT
hassl-907	331	7	f.	f.	PROPN
hassl-907	331	8	,	,	PUNCT
hassl-907	331	9	gavriilidis	gavriilidis	PROPN
hassl-907	331	10	,	,	PUNCT
hassl-907	331	11	k.	k.	PROPN
hassl-907	331	12	,	,	PUNCT
hassl-907	331	13	&	&	CCONJ
hassl-907	331	14	kallinterakis	kallinterakis	PROPN
hassl-907	331	15	,	,	PUNCT
hassl-907	331	16	v.	v.	PROPN
hassl-907	331	17	(	(	PUNCT
hassl-907	331	18	2014	2014	NUM
hassl-907	331	19	)	)	PUNCT
hassl-907	331	20	.	.	PUNCT
hassl-907	332	1	premiums	premium	NOUN
hassl-907	332	2	,	,	PUNCT
hassl-907	332	3	discounts	discount	NOUN
hassl-907	332	4	and	and	CCONJ
hassl-907	332	5	feedback	feedback	NOUN
hassl-907	332	6	trading	trading	NOUN
hassl-907	332	7	:	:	PUNCT
hassl-907	332	8	evidence	evidence	NOUN
hassl-907	332	9	from	from	ADP
hassl-907	332	10	emerging	emerge	VERB
hassl-907	332	11	markets	market	NOUN
hassl-907	332	12	'	'	PART
hassl-907	332	13	etfs	etfs	NOUN
hassl-907	332	14	.	.	PUNCT
hassl-907	333	1	international	international	ADJ
hassl-907	333	2	review	review	NOUN
hassl-907	333	3	of	of	ADP
hassl-907	333	4	financial	financial	ADJ
hassl-907	333	5	analysis	analysis	NOUN
hassl-907	333	6	,	,	PUNCT
hassl-907	333	7	35	35	NUM
hassl-907	333	8	,	,	PUNCT
hassl-907	333	9	80	80	NUM
hassl-907	333	10	-	-	SYM
hassl-907	333	11	89	89	NUM
hassl-907	333	12	.	.	PUNCT
hassl-907	333	13	available	available	ADJ
hassl-907	333	14	at	at	ADP
hassl-907	333	15	:	:	PUNCT
hassl-907	333	16	https://doi.org/10.1016/j.irfa.2014.07.010	https://doi.org/10.1016/j.irfa.2014.07.010	NOUN
hassl-907	333	17	.	.	PUNCT
hassl-907	334	1	delcoure	delcoure	NOUN
hassl-907	334	2	,	,	PUNCT
hassl-907	334	3	n.	n.	NOUN
hassl-907	334	4	,	,	PUNCT
hassl-907	334	5	&	&	CCONJ
hassl-907	334	6	zhong	zhong	PROPN
hassl-907	334	7	,	,	PUNCT
hassl-907	334	8	m.	m.	NOUN
hassl-907	334	9	(	(	PUNCT
hassl-907	334	10	2007	2007	NUM
hassl-907	334	11	)	)	PUNCT
hassl-907	334	12	.	.	PUNCT
hassl-907	335	1	on	on	ADP
hassl-907	335	2	the	the	DET
hassl-907	335	3	premiums	premium	NOUN
hassl-907	335	4	of	of	ADP
hassl-907	335	5	ishares	ishare	NOUN
hassl-907	335	6	.	.	PUNCT
hassl-907	336	1	journal	journal	PROPN
hassl-907	336	2	of	of	ADP
hassl-907	336	3	empirical	empirical	ADJ
hassl-907	336	4	finance	finance	NOUN
hassl-907	336	5	,	,	PUNCT
hassl-907	336	6	14(2	14(2	NUM
hassl-907	336	7	)	)	PUNCT
hassl-907	336	8	,	,	PUNCT
hassl-907	336	9	168	168	NUM
hassl-907	336	10	-	-	SYM
hassl-907	336	11	195	195	NUM
hassl-907	336	12	.	.	PUNCT
hassl-907	336	13	available	available	ADJ
hassl-907	336	14	at	at	ADP
hassl-907	336	15	:	:	PUNCT
hassl-907	336	16	https://doi.org/10.1016/j.jempfin.2005.12.004	https://doi.org/10.1016/j.jempfin.2005.12.004	X
hassl-907	336	17	.	.	PUNCT
hassl-907	337	1	dimpfl	dimpfl	PROPN
hassl-907	337	2	,	,	PUNCT
hassl-907	337	3	t.	t.	PROPN
hassl-907	337	4	(	(	PUNCT
hassl-907	337	5	2014	2014	NUM
hassl-907	337	6	)	)	PUNCT
hassl-907	337	7	.	.	PUNCT
hassl-907	338	1	a	a	DET
hassl-907	338	2	note	note	NOUN
hassl-907	338	3	on	on	ADP
hassl-907	338	4	cointegration	cointegration	NOUN
hassl-907	338	5	of	of	ADP
hassl-907	338	6	international	international	ADJ
hassl-907	338	7	stock	stock	NOUN
hassl-907	338	8	market	market	NOUN
hassl-907	338	9	indices	index	NOUN
hassl-907	338	10	.	.	PUNCT
hassl-907	339	1	international	international	ADJ
hassl-907	339	2	review	review	NOUN
hassl-907	339	3	of	of	ADP
hassl-907	339	4	financial	financial	ADJ
hassl-907	339	5	analysis	analysis	NOUN
hassl-907	339	6	,	,	PUNCT
hassl-907	339	7	33	33	NUM
hassl-907	339	8	,	,	PUNCT
hassl-907	339	9	1016	1016	NUM
hassl-907	339	10	.	.	PUNCT
hassl-907	340	1	available	available	ADJ
hassl-907	340	2	at	at	ADP
hassl-907	340	3	:	:	PUNCT
hassl-907	340	4	https://doi.org/10.1016/j.irfa.2013.07.005	https://doi.org/10.1016/j.irfa.2013.07.005	PROPN
hassl-907	340	5	.	.	PUNCT
hassl-907	340	6	dorocáková	dorocáková	PROPN
hassl-907	340	7	,	,	PUNCT
hassl-907	340	8	m.	m.	NOUN
hassl-907	340	9	(	(	PUNCT
hassl-907	340	10	2017	2017	NUM
hassl-907	340	11	)	)	PUNCT
hassl-907	340	12	.	.	PUNCT
hassl-907	341	1	comparison	comparison	NOUN
hassl-907	341	2	of	of	ADP
hassl-907	341	3	etf	etf	NOUN
hassl-907	341	4	´	´	NOUN
hassl-907	341	5	s	s	PART
hassl-907	341	6	performance	performance	NOUN
hassl-907	341	7	related	relate	VERB
hassl-907	341	8	to	to	ADP
hassl-907	341	9	the	the	DET
hassl-907	341	10	tracking	tracking	NOUN
hassl-907	341	11	error	error	NOUN
hassl-907	341	12	.	.	PUNCT
hassl-907	342	1	journal	journal	PROPN
hassl-907	342	2	of	of	ADP
hassl-907	342	3	international	international	ADJ
hassl-907	342	4	studies	study	NOUN
hassl-907	342	5	,	,	PUNCT
hassl-907	342	6	10(4	10(4	NUM
hassl-907	342	7	)	)	PUNCT
hassl-907	342	8	,	,	PUNCT
hassl-907	342	9	154	154	NUM
hassl-907	342	10	-	-	SYM
hassl-907	342	11	165	165	NUM
hassl-907	342	12	.	.	PUNCT
hassl-907	342	13	available	available	ADJ
hassl-907	342	14	at	at	ADP
hassl-907	342	15	:	:	PUNCT
hassl-907	342	16	https://doi.org/10.14254/2071-8330.2017/10-4/12	https://doi.org/10.14254/2071-8330.2017/10-4/12	PROPN
hassl-907	342	17	.	.	PUNCT
hassl-907	343	1	elton	elton	PROPN
hassl-907	343	2	,	,	PUNCT
hassl-907	343	3	e.	e.	PROPN
hassl-907	343	4	j.	j.	PROPN
hassl-907	343	5	,	,	PUNCT
hassl-907	343	6	gruber	gruber	PROPN
hassl-907	343	7	,	,	PUNCT
hassl-907	343	8	m.	m.	NOUN
hassl-907	343	9	j.	j.	PROPN
hassl-907	343	10	,	,	PUNCT
hassl-907	343	11	comer	comer	PROPN
hassl-907	343	12	,	,	PUNCT
hassl-907	343	13	g.	g.	PROPN
hassl-907	343	14	,	,	PUNCT
hassl-907	343	15	&	&	CCONJ
hassl-907	343	16	li	li	PROPN
hassl-907	343	17	,	,	PUNCT
hassl-907	343	18	k.	k.	PROPN
hassl-907	343	19	(	(	PUNCT
hassl-907	343	20	2002	2002	NUM
hassl-907	343	21	)	)	PUNCT
hassl-907	343	22	.	.	PUNCT
hassl-907	344	1	spiders	spider	NOUN
hassl-907	344	2	:	:	PUNCT
hassl-907	344	3	where	where	SCONJ
hassl-907	344	4	are	be	AUX
hassl-907	344	5	the	the	DET
hassl-907	344	6	bugs	bug	NOUN
hassl-907	344	7	?	?	PUNCT
hassl-907	345	1	journal	journal	NOUN
hassl-907	345	2	of	of	ADP
hassl-907	345	3	business	business	NOUN
hassl-907	345	4	,	,	PUNCT
hassl-907	345	5	75(3	75(3	NUM
hassl-907	345	6	)	)	PUNCT
hassl-907	345	7	,	,	PUNCT
hassl-907	345	8	453	453	NUM
hassl-907	345	9	-	-	SYM
hassl-907	345	10	472	472	NUM
hassl-907	345	11	.	.	PUNCT
hassl-907	346	1	available	available	ADJ
hassl-907	346	2	at	at	ADP
hassl-907	346	3	:	:	PUNCT
hassl-907	346	4	https://doi.org/10.1086/339891	https://doi.org/10.1086/339891	X
hassl-907	346	5	.	.	PUNCT
hassl-907	346	6	engle	engle	PROPN
hassl-907	346	7	,	,	PUNCT
hassl-907	346	8	r.	r.	PROPN
hassl-907	346	9	e.	e.	PROPN
hassl-907	346	10	,	,	PUNCT
hassl-907	346	11	&	&	CCONJ
hassl-907	346	12	granger	granger	PROPN
hassl-907	346	13	,	,	PUNCT
hassl-907	346	14	w.	w.	PROPN
hassl-907	346	15	j.	j.	PROPN
hassl-907	346	16	(	(	PUNCT
hassl-907	346	17	1987	1987	NUM
hassl-907	346	18	)	)	PUNCT
hassl-907	346	19	.	.	PUNCT
hassl-907	347	1	cointegration	cointegration	NOUN
hassl-907	347	2	and	and	CCONJ
hassl-907	347	3	error	error	NOUN
hassl-907	347	4	correction	correction	NOUN
hassl-907	347	5	:	:	PUNCT
hassl-907	347	6	representation	representation	NOUN
hassl-907	347	7	,	,	PUNCT
hassl-907	347	8	estimation	estimation	NOUN
hassl-907	347	9	,	,	PUNCT
hassl-907	347	10	and	and	CCONJ
hassl-907	347	11	testing	testing	NOUN
hassl-907	347	12	.	.	PUNCT
hassl-907	348	1	econometrica	econometrica	PROPN
hassl-907	348	2	,	,	PUNCT
hassl-907	348	3	55(2	55(2	NUM
hassl-907	348	4	)	)	PUNCT
hassl-907	348	5	,	,	PUNCT
hassl-907	348	6	251	251	NUM
hassl-907	348	7	-	-	SYM
hassl-907	348	8	276	276	NUM
hassl-907	348	9	.	.	PUNCT
hassl-907	348	10	available	available	ADJ
hassl-907	348	11	at	at	ADP
hassl-907	348	12	:	:	PUNCT
hassl-907	348	13	https://doi.org/10.2307/1913236	https://doi.org/10.2307/1913236	PROPN
hassl-907	348	14	.	.	PUNCT
hassl-907	348	15	engle	engle	PROPN
hassl-907	348	16	,	,	PUNCT
hassl-907	348	17	r.	r.	PROPN
hassl-907	348	18	f.	f.	PROPN
hassl-907	348	19	,	,	PUNCT
hassl-907	348	20	&	&	CCONJ
hassl-907	348	21	sarkar	sarkar	PROPN
hassl-907	348	22	,	,	PUNCT
hassl-907	348	23	d.	d.	PROPN
hassl-907	348	24	(	(	PUNCT
hassl-907	348	25	2006	2006	NUM
hassl-907	348	26	)	)	PUNCT
hassl-907	348	27	.	.	PUNCT
hassl-907	349	1	premiums	premium	NOUN
hassl-907	349	2	-	-	PUNCT
hassl-907	349	3	discounts	discount	NOUN
hassl-907	349	4	and	and	CCONJ
hassl-907	349	5	exchange	exchange	NOUN
hassl-907	349	6	-	-	PUNCT
hassl-907	349	7	traded	trade	VERB
hassl-907	349	8	funds	fund	NOUN
hassl-907	349	9	.	.	PUNCT
hassl-907	350	1	the	the	DET
hassl-907	350	2	journal	journal	NOUN
hassl-907	350	3	of	of	ADP
hassl-907	350	4	derivatives	derivative	NOUN
hassl-907	350	5	,	,	PUNCT
hassl-907	350	6	13(4	13(4	NUM
hassl-907	350	7	)	)	PUNCT
hassl-907	350	8	,	,	PUNCT
hassl-907	350	9	27	27	NUM
hassl-907	350	10	-	-	SYM
hassl-907	350	11	45	45	NUM
hassl-907	350	12	.	.	PUNCT
hassl-907	350	13	available	available	ADJ
hassl-907	350	14	at	at	ADP
hassl-907	350	15	:	:	PUNCT
hassl-907	350	16	https://doi.org/10.3905/jod.2006.635418	https://doi.org/10.3905/jod.2006.635418	PROPN
hassl-907	350	17	.	.	PUNCT
hassl-907	351	1	gad	gad	PROPN
hassl-907	351	2	,	,	PUNCT
hassl-907	351	3	s.	s.	PROPN
hassl-907	351	4	,	,	PUNCT
hassl-907	351	5	&	&	CCONJ
hassl-907	351	6	andrikopoulos	andrikopoulos	PROPN
hassl-907	351	7	,	,	PUNCT
hassl-907	351	8	p.	p.	NOUN
hassl-907	351	9	(	(	PUNCT
hassl-907	351	10	2019	2019	NUM
hassl-907	351	11	)	)	PUNCT
hassl-907	351	12	.	.	PUNCT
hassl-907	352	1	diversification	diversification	NOUN
hassl-907	352	2	benefits	benefit	NOUN
hassl-907	352	3	of	of	ADP
hassl-907	352	4	shari'ah	shari'ah	NOUN
hassl-907	352	5	-	-	PUNCT
hassl-907	352	6	compliant	compliant	NOUN
hassl-907	352	7	equity	equity	NOUN
hassl-907	352	8	etfs	etfs	PROPN
hassl-907	352	9	in	in	ADP
hassl-907	352	10	emerging	emerge	VERB
hassl-907	352	11	markets	market	NOUN
hassl-907	352	12	.	.	PUNCT
hassl-907	353	1	pacificbasin	pacificbasin	PROPN
hassl-907	353	2	finance	finance	PROPN
hassl-907	353	3	journal	journal	PROPN
hassl-907	353	4	,	,	PUNCT
hassl-907	353	5	53	53	NUM
hassl-907	353	6	,	,	PUNCT
hassl-907	353	7	133	133	NUM
hassl-907	353	8	-	-	SYM
hassl-907	353	9	144	144	NUM
hassl-907	353	10	.	.	PUNCT
hassl-907	353	11	available	available	ADJ
hassl-907	353	12	at	at	ADP
hassl-907	353	13	:	:	PUNCT
hassl-907	353	14	https://doi.org/10.1016/j.pacfin.2018.10.009	https://doi.org/10.1016/j.pacfin.2018.10.009	X
hassl-907	353	15	.	.	PUNCT
hassl-907	354	1	gastineau	gastineau	PROPN
hassl-907	354	2	,	,	PUNCT
hassl-907	354	3	g.	g.	PROPN
hassl-907	354	4	l.	l.	PROPN
hassl-907	354	5	(	(	PUNCT
hassl-907	354	6	2004	2004	NUM
hassl-907	354	7	)	)	PUNCT
hassl-907	354	8	.	.	PUNCT
hassl-907	355	1	the	the	DET
hassl-907	355	2	benchmark	benchmark	ADJ
hassl-907	355	3	index	index	NOUN
hassl-907	355	4	etf	etf	NOUN
hassl-907	355	5	performance	performance	NOUN
hassl-907	355	6	problem	problem	NOUN
hassl-907	355	7	.	.	PUNCT
hassl-907	356	1	the	the	DET
hassl-907	356	2	journal	journal	PROPN
hassl-907	356	3	of	of	ADP
hassl-907	356	4	portfolio	portfolio	NOUN
hassl-907	356	5	management	management	NOUN
hassl-907	356	6	,	,	PUNCT
hassl-907	356	7	30(2	30(2	NUM
hassl-907	356	8	)	)	PUNCT
hassl-907	356	9	,	,	PUNCT
hassl-907	356	10	96	96	NUM
hassl-907	356	11	-	-	SYM
hassl-907	356	12	103	103	NUM
hassl-907	356	13	.	.	PUNCT
hassl-907	356	14	available	available	ADJ
hassl-907	356	15	at	at	ADP
hassl-907	356	16	:	:	PUNCT
hassl-907	356	17	https://doi.org/10.3905/jpm.2004.319935	https://doi.org/10.3905/jpm.2004.319935	PROPN
hassl-907	356	18	.	.	PUNCT
hassl-907	357	1	ghosh	ghosh	PROPN
hassl-907	357	2	,	,	PUNCT
hassl-907	357	3	s.	s.	PROPN
hassl-907	357	4	,	,	PUNCT
hassl-907	357	5	&	&	CCONJ
hassl-907	357	6	kanjilal	kanjilal	PROPN
hassl-907	357	7	,	,	PUNCT
hassl-907	357	8	k.	k.	PROPN
hassl-907	357	9	(	(	PUNCT
hassl-907	357	10	2016	2016	NUM
hassl-907	357	11	)	)	PUNCT
hassl-907	357	12	.	.	PUNCT
hassl-907	358	1	co	co	NOUN
hassl-907	358	2	-	-	NOUN
hassl-907	358	3	movement	movement	NOUN
hassl-907	358	4	of	of	ADP
hassl-907	358	5	international	international	ADJ
hassl-907	358	6	crude	crude	ADJ
hassl-907	358	7	oil	oil	NOUN
hassl-907	358	8	price	price	NOUN
hassl-907	358	9	and	and	CCONJ
hassl-907	358	10	indian	indian	ADJ
hassl-907	358	11	stock	stock	NOUN
hassl-907	358	12	market	market	NOUN
hassl-907	358	13	:	:	PUNCT
hassl-907	358	14	evidence	evidence	NOUN
hassl-907	358	15	from	from	ADP
hassl-907	358	16	nonlinear	nonlinear	ADJ
hassl-907	358	17	cointegration	cointegration	NOUN
hassl-907	358	18	tests	test	NOUN
hassl-907	358	19	.	.	PUNCT
hassl-907	359	1	energy	energy	NOUN
hassl-907	359	2	economics	economic	NOUN
hassl-907	359	3	,	,	PUNCT
hassl-907	359	4	53	53	NUM
hassl-907	359	5	,	,	PUNCT
hassl-907	359	6	111	111	NUM
hassl-907	359	7	-	-	SYM
hassl-907	359	8	117	117	NUM
hassl-907	359	9	.	.	PUNCT
hassl-907	359	10	available	available	ADJ
hassl-907	359	11	at	at	ADP
hassl-907	359	12	:	:	PUNCT
hassl-907	359	13	https://doi.org/10.1016/j.eneco.2014.11.002	https://doi.org/10.1016/j.eneco.2014.11.002	NOUN
hassl-907	359	14	.	.	PUNCT
hassl-907	360	1	granger	granger	PROPN
hassl-907	360	2	,	,	PUNCT
hassl-907	360	3	c.	c.	PROPN
hassl-907	360	4	(	(	PUNCT
hassl-907	360	5	1969	1969	NUM
hassl-907	360	6	)	)	PUNCT
hassl-907	360	7	.	.	PUNCT
hassl-907	361	1	investigating	investigate	VERB
hassl-907	361	2	causal	causal	ADJ
hassl-907	361	3	relations	relation	NOUN
hassl-907	361	4	by	by	ADP
hassl-907	361	5	econometric	econometric	ADJ
hassl-907	361	6	models	model	NOUN
hassl-907	361	7	and	and	CCONJ
hassl-907	361	8	cross	cross	ADJ
hassl-907	361	9	-	-	ADJ
hassl-907	361	10	spectral	spectral	ADJ
hassl-907	361	11	methods	method	NOUN
hassl-907	361	12	.	.	PUNCT
hassl-907	362	1	econometrica	econometrica	PROPN
hassl-907	362	2	,	,	PUNCT
hassl-907	362	3	37(3	37(3	NUM
hassl-907	362	4	)	)	PUNCT
hassl-907	362	5	,	,	PUNCT
hassl-907	362	6	424438	424438	NUM
hassl-907	362	7	.	.	PUNCT
hassl-907	363	1	available	available	ADJ
hassl-907	363	2	at	at	ADP
hassl-907	363	3	:	:	PUNCT
hassl-907	363	4	https://doi.org/10.2307/1912791	https://doi.org/10.2307/1912791	NOUN
hassl-907	363	5	.	.	PUNCT
hassl-907	364	1	gregory	gregory	PROPN
hassl-907	364	2	,	,	PUNCT
hassl-907	364	3	a.	a.	PROPN
hassl-907	364	4	w.	w.	PROPN
hassl-907	364	5	,	,	PUNCT
hassl-907	364	6	&	&	CCONJ
hassl-907	364	7	hansen	hansen	PROPN
hassl-907	364	8	,	,	PUNCT
hassl-907	364	9	b.	b.	PROPN
hassl-907	364	10	e.	e.	PROPN
hassl-907	364	11	(	(	PUNCT
hassl-907	364	12	1996	1996	NUM
hassl-907	364	13	)	)	PUNCT
hassl-907	364	14	.	.	PUNCT
hassl-907	365	1	residual	residual	ADJ
hassl-907	365	2	-	-	PUNCT
hassl-907	365	3	based	base	VERB
hassl-907	365	4	tests	test	NOUN
hassl-907	365	5	for	for	ADP
hassl-907	365	6	cointegration	cointegration	NOUN
hassl-907	365	7	in	in	ADP
hassl-907	365	8	models	model	NOUN
hassl-907	365	9	with	with	ADP
hassl-907	365	10	regime	regime	NOUN
hassl-907	365	11	shifts	shift	NOUN
hassl-907	365	12	.	.	PUNCT
hassl-907	366	1	journal	journal	NOUN
hassl-907	366	2	of	of	ADP
hassl-907	366	3	econometrics	econometric	NOUN
hassl-907	366	4	,	,	PUNCT
hassl-907	366	5	70(1	70(1	NOUN
hassl-907	366	6	)	)	PUNCT
hassl-907	366	7	,	,	PUNCT
hassl-907	366	8	99	99	NUM
hassl-907	366	9	-	-	SYM
hassl-907	366	10	126	126	NUM
hassl-907	366	11	.	.	PUNCT
hassl-907	366	12	available	available	ADJ
hassl-907	366	13	at	at	ADP
hassl-907	366	14	:	:	PUNCT
hassl-907	366	15	https://doi.org/10.1016/0304-4076(69)41685-7	https://doi.org/10.1016/0304-4076(69)41685-7	NOUN
hassl-907	366	16	.	.	PUNCT
hassl-907	367	1	hilliard	hilliard	NOUN
hassl-907	367	2	,	,	PUNCT
hassl-907	367	3	j.	j.	PROPN
hassl-907	367	4	(	(	PUNCT
hassl-907	367	5	2014	2014	NUM
hassl-907	367	6	)	)	PUNCT
hassl-907	367	7	.	.	PUNCT
hassl-907	368	1	premiums	premium	NOUN
hassl-907	368	2	and	and	CCONJ
hassl-907	368	3	discounts	discount	NOUN
hassl-907	368	4	in	in	ADP
hassl-907	368	5	etfs	etfs	PROPN
hassl-907	368	6	:	:	PUNCT
hassl-907	368	7	an	an	DET
hassl-907	368	8	analysis	analysis	NOUN
hassl-907	368	9	of	of	ADP
hassl-907	368	10	the	the	DET
hassl-907	368	11	arbitrage	arbitrage	NOUN
hassl-907	368	12	mechanism	mechanism	NOUN
hassl-907	368	13	in	in	ADP
hassl-907	368	14	domestic	domestic	ADJ
hassl-907	368	15	and	and	CCONJ
hassl-907	368	16	international	international	ADJ
hassl-907	368	17	funds	fund	NOUN
hassl-907	368	18	.	.	PUNCT
hassl-907	369	1	global	global	ADJ
hassl-907	369	2	finance	finance	PROPN
hassl-907	369	3	journal	journal	PROPN
hassl-907	369	4	,	,	PUNCT
hassl-907	369	5	25(2	25(2	NUM
hassl-907	369	6	)	)	PUNCT
hassl-907	369	7	,	,	PUNCT
hassl-907	369	8	90	90	NUM
hassl-907	369	9	-	-	SYM
hassl-907	369	10	107	107	NUM
hassl-907	369	11	.	.	PUNCT
hassl-907	369	12	available	available	ADJ
hassl-907	369	13	at	at	ADP
hassl-907	369	14	:	:	PUNCT
hassl-907	369	15	https://doi.org/10.1016/j.gfj.2014.06.001	https://doi.org/10.1016/j.gfj.2014.06.001	PROPN
hassl-907	369	16	.	.	PUNCT
hassl-907	370	1	jares	jare	NOUN
hassl-907	370	2	,	,	PUNCT
hassl-907	370	3	t.	t.	PROPN
hassl-907	370	4	e.	e.	PROPN
hassl-907	370	5	,	,	PUNCT
hassl-907	370	6	&	&	CCONJ
hassl-907	370	7	lavin	lavin	PROPN
hassl-907	370	8	,	,	PUNCT
hassl-907	370	9	a.	a.	NOUN
hassl-907	370	10	m.	m.	NOUN
hassl-907	370	11	(	(	PUNCT
hassl-907	370	12	2004	2004	NUM
hassl-907	370	13	)	)	PUNCT
hassl-907	370	14	.	.	PUNCT
hassl-907	371	1	japan	japan	PROPN
hassl-907	371	2	and	and	CCONJ
hassl-907	371	3	hong	hong	PROPN
hassl-907	371	4	kong	kong	PROPN
hassl-907	371	5	exchange	exchange	NOUN
hassl-907	371	6	-	-	PUNCT
hassl-907	371	7	traded	trade	VERB
hassl-907	371	8	funds	fund	NOUN
hassl-907	371	9	(	(	PUNCT
hassl-907	371	10	etfs	etfs	NOUN
hassl-907	371	11	):	):	PUNCT
hassl-907	371	12	discounts	discount	NOUN
hassl-907	371	13	,	,	PUNCT
hassl-907	371	14	returns	return	NOUN
hassl-907	371	15	,	,	PUNCT
hassl-907	371	16	and	and	CCONJ
hassl-907	371	17	trading	trading	NOUN
hassl-907	371	18	strategies	strategy	NOUN
hassl-907	371	19	.	.	PUNCT
hassl-907	372	1	journal	journal	NOUN
hassl-907	372	2	of	of	ADP
hassl-907	372	3	financial	financial	ADJ
hassl-907	372	4	services	service	NOUN
hassl-907	372	5	research	research	NOUN
hassl-907	372	6	,	,	PUNCT
hassl-907	372	7	25(1	25(1	NUM
hassl-907	372	8	)	)	PUNCT
hassl-907	372	9	,	,	PUNCT
hassl-907	372	10	57	57	NUM
hassl-907	372	11	-	-	SYM
hassl-907	372	12	69	69	NUM
hassl-907	372	13	.	.	PUNCT
hassl-907	373	1	available	available	ADJ
hassl-907	373	2	at	at	ADP
hassl-907	373	3	:	:	PUNCT
hassl-907	373	4	https://doi.org/10.1023/b:fina.0000008665.55707.ab	https://doi.org/10.1023/b:fina.0000008665.55707.ab	PROPN
hassl-907	373	5	.	.	PUNCT
hassl-907	374	1	jensen	jensen	PROPN
hassl-907	374	2	,	,	PUNCT
hassl-907	374	3	m.	m.	PROPN
hassl-907	374	4	c.	c.	PROPN
hassl-907	374	5	(	(	PUNCT
hassl-907	374	6	1968	1968	NUM
hassl-907	374	7	)	)	PUNCT
hassl-907	374	8	.	.	PUNCT
hassl-907	375	1	the	the	DET
hassl-907	375	2	performance	performance	NOUN
hassl-907	375	3	of	of	ADP
hassl-907	375	4	mutual	mutual	ADJ
hassl-907	375	5	funds	fund	NOUN
hassl-907	375	6	in	in	ADP
hassl-907	375	7	the	the	DET
hassl-907	375	8	period	period	NOUN
hassl-907	375	9	1945	1945	NUM
hassl-907	375	10	-	-	SYM
hassl-907	375	11	1964	1964	NUM
hassl-907	375	12	.	.	PUNCT
hassl-907	376	1	the	the	DET
hassl-907	376	2	journal	journal	PROPN
hassl-907	376	3	of	of	ADP
hassl-907	376	4	finance	finance	NOUN
hassl-907	376	5	,	,	PUNCT
hassl-907	376	6	23(2	23(2	NUM
hassl-907	376	7	)	)	PUNCT
hassl-907	376	8	,	,	PUNCT
hassl-907	376	9	389	389	NUM
hassl-907	376	10	-	-	SYM
hassl-907	376	11	416	416	NUM
hassl-907	376	12	.	.	PUNCT
hassl-907	376	13	available	available	ADJ
hassl-907	376	14	at	at	ADP
hassl-907	376	15	:	:	PUNCT
hassl-907	376	16	https://doi.org/10.1111/j.1540-6261.1968.tb00815.x	https://doi.org/10.1111/j.1540-6261.1968.tb00815.x	PROPN
hassl-907	376	17	.	.	PUNCT
hassl-907	377	1	khan	khan	PROPN
hassl-907	377	2	,	,	PUNCT
hassl-907	377	3	a.	a.	PROPN
hassl-907	377	4	p.	p.	PROPN
hassl-907	377	5	,	,	PUNCT
hassl-907	377	6	bacha	bacha	PROPN
hassl-907	377	7	,	,	PUNCT
hassl-907	377	8	o.	o.	PROPN
hassl-907	377	9	i.	i.	PROPN
hassl-907	377	10	,	,	PUNCT
hassl-907	377	11	&	&	CCONJ
hassl-907	377	12	masih	masih	PROPN
hassl-907	377	13	,	,	PUNCT
hassl-907	377	14	a.	a.	NOUN
hassl-907	377	15	m.	m.	NOUN
hassl-907	377	16	m.	m.	NOUN
hassl-907	377	17	(	(	PUNCT
hassl-907	377	18	2015	2015	NUM
hassl-907	377	19	)	)	PUNCT
hassl-907	377	20	.	.	PUNCT
hassl-907	378	1	performance	performance	NOUN
hassl-907	378	2	and	and	CCONJ
hassl-907	378	3	trading	trading	NOUN
hassl-907	378	4	characteristics	characteristic	NOUN
hassl-907	378	5	of	of	ADP
hassl-907	378	6	exchange	exchange	NOUN
hassl-907	378	7	-	-	PUNCT
hassl-907	378	8	traded	trade	VERB
hassl-907	378	9	funds	fund	NOUN
hassl-907	378	10	:	:	PUNCT
hassl-907	378	11	developed	develop	VERB
hassl-907	378	12	vs	vs	ADP
hassl-907	378	13	emerging	emerge	VERB
hassl-907	378	14	markets	market	NOUN
hassl-907	378	15	.	.	PUNCT
hassl-907	379	1	capital	capital	NOUN
hassl-907	379	2	markets	market	NOUN
hassl-907	379	3	review	review	VERB
hassl-907	379	4	,	,	PUNCT
hassl-907	379	5	23(1&2	23(1&2	NUM
hassl-907	379	6	)	)	PUNCT
hassl-907	379	7	,	,	PUNCT
hassl-907	379	8	40	40	NUM
hassl-907	379	9	-	-	SYM
hassl-907	379	10	64	64	NUM
hassl-907	379	11	.	.	PUNCT
hassl-907	380	1	lemperiere	lemperiere	ADJ
hassl-907	380	2	,	,	PUNCT
hassl-907	380	3	y.	y.	NOUN
hassl-907	380	4	,	,	PUNCT
hassl-907	380	5	deremble	deremble	ADJ
hassl-907	380	6	,	,	PUNCT
hassl-907	380	7	c.	c.	PROPN
hassl-907	380	8	,	,	PUNCT
hassl-907	380	9	nguyen	nguyen	NOUN
hassl-907	380	10	,	,	PUNCT
hassl-907	380	11	t.-t	t.-t	NOUN
hassl-907	380	12	.	.	PUNCT
hassl-907	380	13	,	,	PUNCT
hassl-907	380	14	seager	seager	NOUN
hassl-907	380	15	,	,	PUNCT
hassl-907	380	16	p.	p.	NOUN
hassl-907	380	17	,	,	PUNCT
hassl-907	380	18	potters	potter	NOUN
hassl-907	380	19	,	,	PUNCT
hassl-907	380	20	m.	m.	NOUN
hassl-907	380	21	,	,	PUNCT
hassl-907	380	22	&	&	CCONJ
hassl-907	380	23	bouchaud	bouchaud	PROPN
hassl-907	380	24	,	,	PUNCT
hassl-907	380	25	j.-p	j.-p	PROPN
hassl-907	380	26	.	.	PUNCT
hassl-907	381	1	(	(	PUNCT
hassl-907	381	2	2017	2017	NUM
hassl-907	381	3	)	)	PUNCT
hassl-907	381	4	.	.	PUNCT
hassl-907	382	1	risk	risk	NOUN
hassl-907	382	2	premia	premia	PROPN
hassl-907	382	3	:	:	PUNCT
hassl-907	382	4	asymmetric	asymmetric	ADJ
hassl-907	382	5	tail	tail	NOUN
hassl-907	382	6	risks	risk	NOUN
hassl-907	382	7	and	and	CCONJ
hassl-907	382	8	excess	excess	ADJ
hassl-907	382	9	returns	return	NOUN
hassl-907	382	10	.	.	PUNCT
hassl-907	383	1	quantitative	quantitative	ADJ
hassl-907	383	2	finance	finance	NOUN
hassl-907	383	3	,	,	PUNCT
hassl-907	383	4	17(1	17(1	NUM
hassl-907	383	5	)	)	PUNCT
hassl-907	383	6	,	,	PUNCT
hassl-907	383	7	1	1	NUM
hassl-907	383	8	-	-	SYM
hassl-907	383	9	14	14	NUM
hassl-907	383	10	.	.	PUNCT
hassl-907	383	11	available	available	ADJ
hassl-907	383	12	at	at	ADP
hassl-907	383	13	:	:	PUNCT
hassl-907	383	14	https://doi.org/10.1080/14697688.2016.1183035	https://doi.org/10.1080/14697688.2016.1183035	PROPN
hassl-907	383	15	.	.	PUNCT
hassl-907	384	1	humanities	humanity	NOUN
hassl-907	384	2	and	and	CCONJ
hassl-907	384	3	social	social	ADJ
hassl-907	384	4	sciences	science	NOUN
hassl-907	384	5	letters	letter	NOUN
hassl-907	384	6	,	,	PUNCT
hassl-907	384	7	2021	2021	NUM
hassl-907	384	8	,	,	PUNCT
hassl-907	384	9	9(4	9(4	NUM
hassl-907	384	10	):	):	PUNCT
hassl-907	384	11	389	389	NUM
hassl-907	384	12	-	-	SYM
hassl-907	384	13	402	402	NUM
hassl-907	384	14	402	402	NUM
hassl-907	384	15	©	©	PROPN
hassl-907	384	16	2021	2021	NUM
hassl-907	384	17	conscientia	conscientia	PROPN
hassl-907	384	18	beam	beam	PROPN
hassl-907	384	19	.	.	PUNCT
hassl-907	385	1	all	all	DET
hassl-907	385	2	rights	right	NOUN
hassl-907	385	3	reserved	reserve	VERB
hassl-907	385	4	.	.	PUNCT
hassl-907	386	1	levy	levy	NOUN
hassl-907	386	2	,	,	PUNCT
hassl-907	386	3	a.	a.	NOUN
hassl-907	386	4	,	,	PUNCT
hassl-907	386	5	&	&	CCONJ
hassl-907	386	6	lieberman	lieberman	PROPN
hassl-907	386	7	,	,	PUNCT
hassl-907	386	8	o.	o.	PROPN
hassl-907	386	9	(	(	PUNCT
hassl-907	386	10	2013	2013	NUM
hassl-907	386	11	)	)	PUNCT
hassl-907	386	12	.	.	PUNCT
hassl-907	387	1	overreaction	overreaction	NOUN
hassl-907	387	2	of	of	ADP
hassl-907	387	3	country	country	NOUN
hassl-907	387	4	etfs	etfs	PROPN
hassl-907	387	5	to	to	ADP
hassl-907	387	6	us	us	PROPN
hassl-907	387	7	market	market	NOUN
hassl-907	387	8	returns	return	NOUN
hassl-907	387	9	intraday	intraday	NOUN
hassl-907	387	10	vs.	vs.	ADP
hassl-907	387	11	daily	daily	ADJ
hassl-907	387	12	horizons	horizon	NOUN
hassl-907	387	13	and	and	CCONJ
hassl-907	387	14	the	the	DET
hassl-907	387	15	role	role	NOUN
hassl-907	387	16	of	of	ADP
hassl-907	387	17	synchronized	synchronized	ADJ
hassl-907	387	18	trading	trading	NOUN
hassl-907	387	19	.	.	PUNCT
hassl-907	388	1	journal	journal	NOUN
hassl-907	388	2	of	of	ADP
hassl-907	388	3	banking	banking	NOUN
hassl-907	388	4	&	&	CCONJ
hassl-907	388	5	finance	finance	PROPN
hassl-907	388	6	,	,	PUNCT
hassl-907	388	7	37(5	37(5	NUM
hassl-907	388	8	)	)	PUNCT
hassl-907	388	9	,	,	PUNCT
hassl-907	388	10	1412	1412	NUM
hassl-907	388	11	-	-	SYM
hassl-907	388	12	1421	1421	NUM
hassl-907	388	13	.	.	PUNCT
hassl-907	389	1	available	available	ADJ
hassl-907	389	2	at	at	ADP
hassl-907	389	3	:	:	PUNCT
hassl-907	389	4	https://doi.org/10.1016/j.jbankfin.2012.03.024	https://doi.org/10.1016/j.jbankfin.2012.03.024	NOUN
hassl-907	389	5	.	.	PUNCT
hassl-907	390	1	marshall	marshall	PROPN
hassl-907	390	2	,	,	PUNCT
hassl-907	390	3	b.	b.	PROPN
hassl-907	390	4	r.	r.	PROPN
hassl-907	390	5	,	,	PUNCT
hassl-907	390	6	nguyen	nguyen	PROPN
hassl-907	390	7	,	,	PUNCT
hassl-907	390	8	n.	n.	PROPN
hassl-907	390	9	h.	h.	PROPN
hassl-907	390	10	,	,	PUNCT
hassl-907	390	11	&	&	CCONJ
hassl-907	390	12	visaltanachoti	visaltanachoti	PROPN
hassl-907	390	13	,	,	PUNCT
hassl-907	390	14	n.	n.	PROPN
hassl-907	390	15	(	(	PUNCT
hassl-907	390	16	2013	2013	NUM
hassl-907	390	17	)	)	PUNCT
hassl-907	390	18	.	.	PUNCT
hassl-907	391	1	etf	etf	NOUN
hassl-907	391	2	arbitrage	arbitrage	NOUN
hassl-907	391	3	:	:	PUNCT
hassl-907	391	4	intraday	intraday	NOUN
hassl-907	391	5	evidence	evidence	NOUN
hassl-907	391	6	.	.	PUNCT
hassl-907	392	1	journal	journal	NOUN
hassl-907	392	2	of	of	ADP
hassl-907	392	3	banking	banking	NOUN
hassl-907	392	4	&	&	CCONJ
hassl-907	392	5	finance	finance	NOUN
hassl-907	392	6	,	,	PUNCT
hassl-907	392	7	37(9	37(9	NUM
hassl-907	392	8	)	)	PUNCT
hassl-907	392	9	,	,	PUNCT
hassl-907	392	10	3486	3486	NUM
hassl-907	392	11	-	-	SYM
hassl-907	392	12	3498	3498	NUM
hassl-907	392	13	.	.	PUNCT
hassl-907	393	1	available	available	ADJ
hassl-907	393	2	at	at	ADP
hassl-907	393	3	:	:	PUNCT
hassl-907	393	4	https://doi.org/10.1016/j.jbankfin.2013.05.014	https://doi.org/10.1016/j.jbankfin.2013.05.014	NOUN
hassl-907	393	5	.	.	PUNCT
hassl-907	394	1	miziołek	miziołek	PROPN
hassl-907	394	2	,	,	PUNCT
hassl-907	394	3	t.	t.	PROPN
hassl-907	394	4	,	,	PUNCT
hassl-907	394	5	&	&	CCONJ
hassl-907	394	6	feder	feder	PROPN
hassl-907	394	7	-	-	PUNCT
hassl-907	394	8	sempach	sempach	NOUN
hassl-907	394	9	,	,	PUNCT
hassl-907	394	10	e.	e.	PROPN
hassl-907	394	11	(	(	PUNCT
hassl-907	394	12	2019	2019	NUM
hassl-907	394	13	)	)	PUNCT
hassl-907	394	14	.	.	PUNCT
hassl-907	395	1	tracking	track	VERB
hassl-907	395	2	ability	ability	NOUN
hassl-907	395	3	of	of	ADP
hassl-907	395	4	exchange	exchange	NOUN
hassl-907	395	5	-	-	PUNCT
hassl-907	395	6	traded	trade	VERB
hassl-907	395	7	funds	fund	NOUN
hassl-907	395	8	.	.	PUNCT
hassl-907	396	1	evidence	evidence	NOUN
hassl-907	396	2	from	from	ADP
hassl-907	396	3	emerging	emerge	VERB
hassl-907	396	4	markets	market	NOUN
hassl-907	396	5	equity	equity	NOUN
hassl-907	396	6	etfs	etfs	PROPN
hassl-907	396	7	.	.	PUNCT
hassl-907	397	1	bank	bank	PROPN
hassl-907	397	2	and	and	CCONJ
hassl-907	397	3	credit	credit	NOUN
hassl-907	397	4	,	,	PUNCT
hassl-907	397	5	50(3	50(3	NUM
hassl-907	397	6	)	)	PUNCT
hassl-907	397	7	,	,	PUNCT
hassl-907	397	8	221	221	NUM
hassl-907	397	9	-	-	SYM
hassl-907	397	10	248	248	NUM
hassl-907	397	11	.	.	PUNCT
hassl-907	398	1	neves	neve	NOUN
hassl-907	398	2	,	,	PUNCT
hassl-907	398	3	m.	m.	PROPN
hassl-907	398	4	e.	e.	PROPN
hassl-907	398	5	d.	d.	PROPN
hassl-907	398	6	,	,	PUNCT
hassl-907	398	7	fernandes	fernandes	PROPN
hassl-907	398	8	,	,	PUNCT
hassl-907	398	9	c.	c.	PROPN
hassl-907	398	10	m.	m.	NOUN
hassl-907	398	11	,	,	PUNCT
hassl-907	398	12	&	&	CCONJ
hassl-907	398	13	martins	martin	NOUN
hassl-907	398	14	,	,	PUNCT
hassl-907	398	15	p.	p.	NOUN
hassl-907	398	16	c.	c.	PROPN
hassl-907	398	17	(	(	PUNCT
hassl-907	398	18	2019	2019	NUM
hassl-907	398	19	)	)	PUNCT
hassl-907	398	20	.	.	PUNCT
hassl-907	398	21	are	be	AUX
hassl-907	398	22	etfs	etfs	PROPN
hassl-907	398	23	good	good	ADJ
hassl-907	398	24	vehicles	vehicle	NOUN
hassl-907	398	25	for	for	ADP
hassl-907	398	26	diversification	diversification	NOUN
hassl-907	398	27	?	?	PUNCT
hassl-907	399	1	new	new	ADJ
hassl-907	399	2	evidence	evidence	NOUN
hassl-907	399	3	for	for	ADP
hassl-907	399	4	critical	critical	ADJ
hassl-907	399	5	investment	investment	NOUN
hassl-907	399	6	periods	period	NOUN
hassl-907	399	7	.	.	PUNCT
hassl-907	400	1	borsa	borsa	PROPN
hassl-907	400	2	istanbul	istanbul	PROPN
hassl-907	400	3	review	review	PROPN
hassl-907	400	4	,	,	PUNCT
hassl-907	400	5	19(2	19(2	NUM
hassl-907	400	6	)	)	PUNCT
hassl-907	400	7	,	,	PUNCT
hassl-907	400	8	149	149	NUM
hassl-907	400	9	-	-	SYM
hassl-907	400	10	157	157	NUM
hassl-907	400	11	.	.	PUNCT
hassl-907	400	12	available	available	ADJ
hassl-907	400	13	at	at	ADP
hassl-907	400	14	:	:	PUNCT
hassl-907	400	15	https://doi.org/10.1016/j.bir.2019.01.002	https://doi.org/10.1016/j.bir.2019.01.002	NOUN
hassl-907	400	16	.	.	PUNCT
hassl-907	401	1	petajisto	petajisto	PROPN
hassl-907	401	2	,	,	PUNCT
hassl-907	401	3	a.	a.	NOUN
hassl-907	401	4	(	(	PUNCT
hassl-907	401	5	2017	2017	NUM
hassl-907	401	6	)	)	PUNCT
hassl-907	401	7	.	.	PUNCT
hassl-907	402	1	inefficiencies	inefficiency	NOUN
hassl-907	402	2	in	in	ADP
hassl-907	402	3	the	the	DET
hassl-907	402	4	pricing	pricing	NOUN
hassl-907	402	5	of	of	ADP
hassl-907	402	6	exchange	exchange	NOUN
hassl-907	402	7	-	-	PUNCT
hassl-907	402	8	traded	trade	VERB
hassl-907	402	9	funds	fund	NOUN
hassl-907	402	10	.	.	PUNCT
hassl-907	403	1	financial	financial	ADJ
hassl-907	403	2	analysts	analyst	NOUN
hassl-907	403	3	journal	journal	NOUN
hassl-907	403	4	,	,	PUNCT
hassl-907	403	5	73(1	73(1	NUM
hassl-907	403	6	)	)	PUNCT
hassl-907	403	7	,	,	PUNCT
hassl-907	403	8	24	24	NUM
hassl-907	403	9	-	-	SYM
hassl-907	403	10	54	54	NUM
hassl-907	403	11	.	.	PUNCT
hassl-907	403	12	available	available	ADJ
hassl-907	403	13	at	at	ADP
hassl-907	403	14	:	:	PUNCT
hassl-907	403	15	https://doi.org/10.2469/faj.v73.n1.7	https://doi.org/10.2469/faj.v73.n1.7	PROPN
hassl-907	403	16	.	.	PUNCT
hassl-907	404	1	piccotti	piccotti	PROPN
hassl-907	404	2	,	,	PUNCT
hassl-907	404	3	l.	l.	PROPN
hassl-907	404	4	r.	r.	PROPN
hassl-907	404	5	(	(	PUNCT
hassl-907	404	6	2018	2018	NUM
hassl-907	404	7	)	)	PUNCT
hassl-907	404	8	.	.	PUNCT
hassl-907	405	1	etf	etf	NOUN
hassl-907	405	2	premiums	premium	NOUN
hassl-907	405	3	and	and	CCONJ
hassl-907	405	4	liquidity	liquidity	NOUN
hassl-907	405	5	segmentation	segmentation	NOUN
hassl-907	405	6	.	.	PUNCT
hassl-907	406	1	financial	financial	ADJ
hassl-907	406	2	review	review	PROPN
hassl-907	406	3	,	,	PUNCT
hassl-907	406	4	53(1	53(1	NOUN
hassl-907	406	5	)	)	PUNCT
hassl-907	406	6	,	,	PUNCT
hassl-907	406	7	117	117	NUM
hassl-907	406	8	-	-	SYM
hassl-907	406	9	152	152	NUM
hassl-907	406	10	.	.	PUNCT
hassl-907	406	11	available	available	ADJ
hassl-907	406	12	at	at	ADP
hassl-907	406	13	:	:	PUNCT
hassl-907	406	14	https://doi.org/10.1111/fire.12148	https://doi.org/10.1111/fire.12148	ADJ
hassl-907	406	15	.	.	PUNCT
hassl-907	407	1	rompotis	rompotis	NOUN
hassl-907	407	2	,	,	PUNCT
hassl-907	407	3	g.	g.	PROPN
hassl-907	407	4	g.	g.	PROPN
hassl-907	407	5	(	(	PUNCT
hassl-907	407	6	2011	2011	NUM
hassl-907	407	7	)	)	PUNCT
hassl-907	407	8	.	.	PUNCT
hassl-907	408	1	predictable	predictable	ADJ
hassl-907	408	2	patterns	pattern	NOUN
hassl-907	408	3	in	in	ADP
hassl-907	408	4	etfs	etfs	PROPN
hassl-907	408	5	'	'	PART
hassl-907	408	6	return	return	NOUN
hassl-907	408	7	and	and	CCONJ
hassl-907	408	8	tracking	tracking	NOUN
hassl-907	408	9	error	error	NOUN
hassl-907	408	10	.	.	PUNCT
hassl-907	409	1	studies	study	NOUN
hassl-907	409	2	in	in	ADP
hassl-907	409	3	economics	economic	NOUN
hassl-907	409	4	and	and	CCONJ
hassl-907	409	5	finance	finance	NOUN
hassl-907	409	6	,	,	PUNCT
hassl-907	409	7	28(1	28(1	NOUN
hassl-907	409	8	)	)	PUNCT
hassl-907	409	9	,	,	PUNCT
hassl-907	409	10	14	14	NUM
hassl-907	409	11	-	-	SYM
hassl-907	409	12	35	35	NUM
hassl-907	409	13	.	.	PUNCT
hassl-907	409	14	available	available	ADJ
hassl-907	409	15	at	at	ADP
hassl-907	409	16	:	:	PUNCT
hassl-907	409	17	https://doi.org/10.1108/10867371111110534	https://doi.org/10.1108/10867371111110534	PROPN
hassl-907	409	18	.	.	PUNCT
hassl-907	409	19	shanmugham	shanmugham	PROPN
hassl-907	409	20	,	,	PUNCT
hassl-907	409	21	r.	r.	PROPN
hassl-907	409	22	,	,	PUNCT
hassl-907	409	23	&	&	CCONJ
hassl-907	409	24	zabiulla	zabiulla	PROPN
hassl-907	409	25	.	.	PUNCT
hassl-907	410	1	(	(	PUNCT
hassl-907	410	2	2012	2012	NUM
hassl-907	410	3	)	)	PUNCT
hassl-907	410	4	.	.	PUNCT
hassl-907	411	1	pricing	pricing	NOUN
hassl-907	411	2	efficiency	efficiency	NOUN
hassl-907	411	3	of	of	ADP
hassl-907	411	4	nifty	nifty	ADJ
hassl-907	411	5	bees	bee	NOUN
hassl-907	411	6	in	in	ADP
hassl-907	411	7	bullish	bullish	ADJ
hassl-907	411	8	and	and	CCONJ
hassl-907	411	9	bearish	bearish	ADJ
hassl-907	411	10	markets	market	NOUN
hassl-907	411	11	.	.	PUNCT
hassl-907	412	1	global	global	ADJ
hassl-907	412	2	business	business	PROPN
hassl-907	412	3	review	review	PROPN
hassl-907	412	4	,	,	PUNCT
hassl-907	412	5	13(1	13(1	NUM
hassl-907	412	6	)	)	PUNCT
hassl-907	412	7	,	,	PUNCT
hassl-907	412	8	109	109	NUM
hassl-907	412	9	-	-	SYM
hassl-907	412	10	121	121	NUM
hassl-907	412	11	.	.	PUNCT
hassl-907	412	12	available	available	ADJ
hassl-907	412	13	at	at	ADP
hassl-907	412	14	:	:	PUNCT
hassl-907	412	15	https://doi.org/10.1177/097215091101300107	https://doi.org/10.1177/097215091101300107	PROPN
hassl-907	412	16	.	.	PUNCT
hassl-907	413	1	sharma	sharma	PROPN
hassl-907	413	2	,	,	PUNCT
hassl-907	413	3	s.	s.	PROPN
hassl-907	413	4	s.	s.	PROPN
hassl-907	413	5	,	,	PUNCT
hassl-907	413	6	thuraisamy	thuraisamy	PROPN
hassl-907	413	7	,	,	PUNCT
hassl-907	413	8	k.	k.	PROPN
hassl-907	413	9	,	,	PUNCT
hassl-907	413	10	madyan	madyan	PROPN
hassl-907	413	11	,	,	PUNCT
hassl-907	413	12	m.	m.	NOUN
hassl-907	413	13	,	,	PUNCT
hassl-907	413	14	&	&	CCONJ
hassl-907	413	15	laila	laila	PROPN
hassl-907	413	16	,	,	PUNCT
hassl-907	413	17	n.	n.	PROPN
hassl-907	413	18	(	(	PUNCT
hassl-907	413	19	2019	2019	NUM
hassl-907	413	20	)	)	PUNCT
hassl-907	413	21	.	.	PUNCT
hassl-907	414	1	evidence	evidence	NOUN
hassl-907	414	2	of	of	ADP
hassl-907	414	3	price	price	NOUN
hassl-907	414	4	discovery	discovery	NOUN
hassl-907	414	5	on	on	ADP
hassl-907	414	6	the	the	DET
hassl-907	414	7	indonesian	indonesian	ADJ
hassl-907	414	8	stock	stock	PROPN
hassl-907	414	9	exchange	exchange	PROPN
hassl-907	414	10	.	.	PUNCT
hassl-907	415	1	economic	economic	ADJ
hassl-907	415	2	modelling	modelling	NOUN
hassl-907	415	3	,	,	PUNCT
hassl-907	415	4	83	83	NUM
hassl-907	415	5	,	,	PUNCT
hassl-907	415	6	2	2	NUM
hassl-907	415	7	-	-	SYM
hassl-907	415	8	7	7	NUM
hassl-907	415	9	.	.	PUNCT
hassl-907	415	10	available	available	ADJ
hassl-907	415	11	at	at	ADP
hassl-907	415	12	:	:	PUNCT
hassl-907	415	13	https://doi.org/10.1016/j.econmod.2019.09.005	https://doi.org/10.1016/j.econmod.2019.09.005	PROPN
hassl-907	415	14	.	.	PUNCT
hassl-907	416	1	sharpe	sharpe	PROPN
hassl-907	416	2	,	,	PUNCT
hassl-907	416	3	w.	w.	PROPN
hassl-907	416	4	f.	f.	PROPN
hassl-907	416	5	(	(	PUNCT
hassl-907	416	6	1966	1966	NUM
hassl-907	416	7	)	)	PUNCT
hassl-907	416	8	.	.	PUNCT
hassl-907	417	1	mutual	mutual	ADJ
hassl-907	417	2	fund	fund	NOUN
hassl-907	417	3	performance	performance	NOUN
hassl-907	417	4	.	.	PUNCT
hassl-907	418	1	the	the	DET
hassl-907	418	2	journal	journal	NOUN
hassl-907	418	3	of	of	ADP
hassl-907	418	4	business	business	NOUN
hassl-907	418	5	,	,	PUNCT
hassl-907	418	6	39(1	39(1	NUM
hassl-907	418	7	)	)	PUNCT
hassl-907	418	8	,	,	PUNCT
hassl-907	418	9	119	119	NUM
hassl-907	418	10	-	-	SYM
hassl-907	418	11	138	138	NUM
hassl-907	418	12	.	.	PUNCT
hassl-907	419	1	shin	shin	PROPN
hassl-907	419	2	,	,	PUNCT
hassl-907	419	3	s.	s.	PROPN
hassl-907	419	4	,	,	PUNCT
hassl-907	419	5	&	&	CCONJ
hassl-907	419	6	soydemir	soydemir	PROPN
hassl-907	419	7	,	,	PUNCT
hassl-907	419	8	g.	g.	PROPN
hassl-907	419	9	(	(	PUNCT
hassl-907	419	10	2010	2010	NUM
hassl-907	419	11	)	)	PUNCT
hassl-907	419	12	.	.	PUNCT
hassl-907	420	1	exchange	exchange	NOUN
hassl-907	420	2	-	-	PUNCT
hassl-907	420	3	traded	trade	VERB
hassl-907	420	4	funds	fund	NOUN
hassl-907	420	5	,	,	PUNCT
hassl-907	420	6	persistence	persistence	NOUN
hassl-907	420	7	in	in	ADP
hassl-907	420	8	tracking	track	VERB
hassl-907	420	9	errors	error	NOUN
hassl-907	420	10	and	and	CCONJ
hassl-907	420	11	information	information	NOUN
hassl-907	420	12	dissemination	dissemination	NOUN
hassl-907	420	13	.	.	PUNCT
hassl-907	421	1	journal	journal	NOUN
hassl-907	421	2	of	of	ADP
hassl-907	421	3	multinational	multinational	ADJ
hassl-907	421	4	financial	financial	ADJ
hassl-907	421	5	management	management	NOUN
hassl-907	421	6	,	,	PUNCT
hassl-907	421	7	20(4	20(4	NOUN
hassl-907	421	8	-	-	SYM
hassl-907	421	9	5	5	NUM
hassl-907	421	10	)	)	PUNCT
hassl-907	421	11	,	,	PUNCT
hassl-907	421	12	214	214	NUM
hassl-907	421	13	-	-	SYM
hassl-907	421	14	234	234	NUM
hassl-907	421	15	.	.	PUNCT
hassl-907	421	16	available	available	ADJ
hassl-907	421	17	at	at	ADP
hassl-907	421	18	:	:	PUNCT
hassl-907	421	19	https://doi.org/10.1016/j.mulfin.2010.07.005	https://doi.org/10.1016/j.mulfin.2010.07.005	PROPN
hassl-907	421	20	.	.	PUNCT
hassl-907	422	1	tse	tse	PROPN
hassl-907	422	2	,	,	PUNCT
hassl-907	422	3	y.	y.	PROPN
hassl-907	422	4	,	,	PUNCT
hassl-907	422	5	&	&	CCONJ
hassl-907	422	6	martinez	martinez	PROPN
hassl-907	422	7	,	,	PUNCT
hassl-907	422	8	v.	v.	PROPN
hassl-907	422	9	(	(	PUNCT
hassl-907	422	10	2007	2007	NUM
hassl-907	422	11	)	)	PUNCT
hassl-907	422	12	.	.	PUNCT
hassl-907	423	1	price	price	NOUN
hassl-907	423	2	discovery	discovery	NOUN
hassl-907	423	3	and	and	CCONJ
hassl-907	423	4	informational	informational	ADJ
hassl-907	423	5	efficiency	efficiency	NOUN
hassl-907	423	6	of	of	ADP
hassl-907	423	7	international	international	ADJ
hassl-907	423	8	ishares	ishare	NOUN
hassl-907	423	9	funds	fund	NOUN
hassl-907	423	10	.	.	PUNCT
hassl-907	424	1	global	global	ADJ
hassl-907	424	2	finance	finance	PROPN
hassl-907	424	3	journal	journal	NOUN
hassl-907	424	4	,	,	PUNCT
hassl-907	424	5	18(1	18(1	NUM
hassl-907	424	6	)	)	PUNCT
hassl-907	424	7	,	,	PUNCT
hassl-907	424	8	1	1	NUM
hassl-907	424	9	-	-	SYM
hassl-907	424	10	15	15	NUM
hassl-907	424	11	.	.	PUNCT
hassl-907	424	12	available	available	ADJ
hassl-907	424	13	at	at	ADP
hassl-907	424	14	:	:	PUNCT
hassl-907	424	15	https://doi.org/10.1016/j.gfj.2007.02.001	https://doi.org/10.1016/j.gfj.2007.02.001	PROPN
hassl-907	424	16	.	.	PUNCT
hassl-907	425	1	tseng	tseng	PROPN
hassl-907	425	2	,	,	PUNCT
hassl-907	425	3	t.-c	t.-c	PROPN
hassl-907	425	4	.	.	PROPN
hassl-907	425	5	,	,	PUNCT
hassl-907	425	6	lee	lee	PROPN
hassl-907	425	7	,	,	PUNCT
hassl-907	425	8	c.-c	c.-c	PROPN
hassl-907	425	9	.	.	PUNCT
hassl-907	425	10	,	,	PUNCT
hassl-907	425	11	&	&	CCONJ
hassl-907	425	12	chen	chen	PROPN
hassl-907	425	13	,	,	PUNCT
hassl-907	425	14	m.-p	m.-p	PROPN
hassl-907	425	15	.	.	PUNCT
hassl-907	426	1	(	(	PUNCT
hassl-907	426	2	2015	2015	NUM
hassl-907	426	3	)	)	PUNCT
hassl-907	426	4	.	.	PUNCT
hassl-907	427	1	volatility	volatility	NOUN
hassl-907	427	2	forecast	forecast	PROPN
hassl-907	427	3	of	of	ADP
hassl-907	427	4	country	country	PROPN
hassl-907	427	5	etf	etf	NOUN
hassl-907	427	6	:	:	PUNCT
hassl-907	427	7	the	the	DET
hassl-907	427	8	sequential	sequential	ADJ
hassl-907	427	9	information	information	NOUN
hassl-907	427	10	arrival	arrival	NOUN
hassl-907	427	11	hypothesis	hypothesis	NOUN
hassl-907	427	12	.	.	PUNCT
hassl-907	428	1	economic	economic	ADJ
hassl-907	428	2	modelling	modelling	NOUN
hassl-907	428	3	,	,	PUNCT
hassl-907	428	4	47	47	NUM
hassl-907	428	5	,	,	PUNCT
hassl-907	428	6	228	228	NUM
hassl-907	428	7	-	-	SYM
hassl-907	428	8	234	234	NUM
hassl-907	428	9	.	.	PUNCT
hassl-907	428	10	available	available	ADJ
hassl-907	428	11	at	at	ADP
hassl-907	428	12	:	:	PUNCT
hassl-907	428	13	https://doi.org/10.1016/j.econmod.2015.02.031	https://doi.org/10.1016/j.econmod.2015.02.031	PROPN
hassl-907	428	14	.	.	PUNCT
hassl-907	429	1	wong	wong	PROPN
hassl-907	429	2	,	,	PUNCT
hassl-907	429	3	k.	k.	PROPN
hassl-907	429	4	h.	h.	PROPN
hassl-907	429	5	,	,	PUNCT
hassl-907	429	6	&	&	CCONJ
hassl-907	429	7	shum	shum	PROPN
hassl-907	429	8	,	,	PUNCT
hassl-907	429	9	w.	w.	PROPN
hassl-907	429	10	c.	c.	PROPN
hassl-907	429	11	(	(	PUNCT
hassl-907	429	12	2010	2010	NUM
hassl-907	429	13	)	)	PUNCT
hassl-907	429	14	.	.	PUNCT
hassl-907	430	1	exchange	exchange	NOUN
hassl-907	430	2	-	-	PUNCT
hassl-907	430	3	traded	trade	VERB
hassl-907	430	4	funds	fund	NOUN
hassl-907	430	5	in	in	ADP
hassl-907	430	6	bullish	bullish	ADJ
hassl-907	430	7	and	and	CCONJ
hassl-907	430	8	bearish	bearish	ADJ
hassl-907	430	9	markets	market	NOUN
hassl-907	430	10	.	.	PUNCT
hassl-907	431	1	applied	apply	VERB
hassl-907	431	2	economics	economic	NOUN
hassl-907	431	3	letters	letter	NOUN
hassl-907	431	4	,	,	PUNCT
hassl-907	431	5	17(16	17(16	NUM
hassl-907	431	6	)	)	PUNCT
hassl-907	431	7	,	,	PUNCT
hassl-907	431	8	1615	1615	NUM
hassl-907	431	9	-	-	SYM
hassl-907	431	10	1624	1624	NUM
hassl-907	431	11	.	.	PUNCT
hassl-907	432	1	available	available	ADJ
hassl-907	432	2	at	at	ADP
hassl-907	432	3	:	:	PUNCT
hassl-907	432	4	https://doi.org/10.1080/13504850903085035	https://doi.org/10.1080/13504850903085035	PROPN
hassl-907	432	5	.	.	PUNCT
hassl-907	433	1	yap	yap	PROPN
hassl-907	433	2	,	,	PUNCT
hassl-907	433	3	k.-l	k.-l	PROPN
hassl-907	433	4	.	.	PUNCT
hassl-907	433	5	,	,	PUNCT
hassl-907	433	6	lau	lau	PROPN
hassl-907	433	7	,	,	PUNCT
hassl-907	433	8	w.-y	w.-y	PROPN
hassl-907	433	9	.	.	PUNCT
hassl-907	433	10	,	,	PUNCT
hassl-907	433	11	&	&	CCONJ
hassl-907	433	12	ismail	ismail	PROPN
hassl-907	433	13	,	,	PUNCT
hassl-907	433	14	i.	i.	PROPN
hassl-907	433	15	(	(	PUNCT
hassl-907	433	16	2021	2021	NUM
hassl-907	433	17	)	)	PUNCT
hassl-907	433	18	.	.	PUNCT
hassl-907	434	1	a	a	DET
hassl-907	434	2	comparative	comparative	ADJ
hassl-907	434	3	study	study	NOUN
hassl-907	434	4	between	between	ADP
hassl-907	434	5	islamic	islamic	ADJ
hassl-907	434	6	and	and	CCONJ
hassl-907	434	7	conventional	conventional	ADJ
hassl-907	434	8	exchange	exchange	NOUN
hassl-907	434	9	-	-	PUNCT
hassl-907	434	10	traded	trade	VERB
hassl-907	434	11	funds	fund	NOUN
hassl-907	434	12	:	:	PUNCT
hassl-907	434	13	evidence	evidence	NOUN
hassl-907	434	14	from	from	ADP
hassl-907	434	15	global	global	ADJ
hassl-907	434	16	market	market	NOUN
hassl-907	434	17	indices	index	NOUN
hassl-907	434	18	.	.	PUNCT
hassl-907	435	1	the	the	DET
hassl-907	435	2	journal	journal	NOUN
hassl-907	435	3	of	of	ADP
hassl-907	435	4	asian	asian	ADJ
hassl-907	435	5	finance	finance	NOUN
hassl-907	435	6	,	,	PUNCT
hassl-907	435	7	economics	economic	NOUN
hassl-907	435	8	,	,	PUNCT
hassl-907	435	9	and	and	CCONJ
hassl-907	435	10	business	business	NOUN
hassl-907	435	11	,	,	PUNCT
hassl-907	435	12	8(2	8(2	NUM
hassl-907	435	13	)	)	PUNCT
hassl-907	435	14	,	,	PUNCT
hassl-907	435	15	725	725	NUM
hassl-907	435	16	-	-	SYM
hassl-907	435	17	735	735	NUM
hassl-907	435	18	.	.	PUNCT
hassl-907	436	1	zhu	zhu	PROPN
hassl-907	436	2	,	,	PUNCT
hassl-907	436	3	f.	f.	PROPN
hassl-907	436	4	,	,	PUNCT
hassl-907	436	5	luo	luo	PROPN
hassl-907	436	6	,	,	PUNCT
hassl-907	436	7	x.	x.	NOUN
hassl-907	436	8	,	,	PUNCT
hassl-907	436	9	&	&	CCONJ
hassl-907	436	10	jin	jin	PROPN
hassl-907	436	11	,	,	PUNCT
hassl-907	436	12	x.	x.	NOUN
hassl-907	436	13	(	(	PUNCT
hassl-907	436	14	2019	2019	NUM
hassl-907	436	15	)	)	PUNCT
hassl-907	436	16	.	.	PUNCT
hassl-907	437	1	predicting	predict	VERB
hassl-907	437	2	the	the	DET
hassl-907	437	3	volatility	volatility	NOUN
hassl-907	437	4	of	of	ADP
hassl-907	437	5	the	the	DET
hassl-907	437	6	ishares	ishares	PROPN
hassl-907	437	7	china	china	PROPN
hassl-907	437	8	large	large	ADJ
hassl-907	437	9	-	-	PUNCT
hassl-907	437	10	cap	cap	NOUN
hassl-907	437	11	etf	etf	NOUN
hassl-907	437	12	:	:	PUNCT
hassl-907	437	13	what	what	PRON
hassl-907	437	14	is	be	AUX
hassl-907	437	15	the	the	DET
hassl-907	437	16	role	role	NOUN
hassl-907	437	17	of	of	ADP
hassl-907	437	18	the	the	DET
hassl-907	437	19	sse	sse	PROPN
hassl-907	437	20	50	50	NUM
hassl-907	437	21	etf	etf	NOUN
hassl-907	437	22	?	?	PUNCT
hassl-907	438	1	pacific	pacific	ADJ
hassl-907	438	2	-	-	PUNCT
hassl-907	438	3	basin	basin	NOUN
hassl-907	438	4	finance	finance	NOUN
hassl-907	438	5	journal	journal	NOUN
hassl-907	438	6	,	,	PUNCT
hassl-907	438	7	57	57	NUM
hassl-907	438	8	,	,	PUNCT
hassl-907	438	9	101192	101192	NUM
hassl-907	438	10	.	.	PUNCT
hassl-907	439	1	available	available	ADJ
hassl-907	439	2	at	at	ADP
hassl-907	439	3	:	:	PUNCT
hassl-907	439	4	https://doi.org/10.1016/j.pacfin.2019.101192	https://doi.org/10.1016/j.pacfin.2019.101192	NOUN
hassl-907	439	5	.	.	PUNCT
hassl-907	440	1	views	view	NOUN
hassl-907	440	2	and	and	CCONJ
hassl-907	440	3	opinions	opinion	NOUN
hassl-907	440	4	expressed	express	VERB
hassl-907	440	5	in	in	ADP
hassl-907	440	6	this	this	DET
hassl-907	440	7	article	article	NOUN
hassl-907	440	8	are	be	AUX
hassl-907	440	9	the	the	DET
hassl-907	440	10	views	view	NOUN
hassl-907	440	11	and	and	CCONJ
hassl-907	440	12	opinions	opinion	NOUN
hassl-907	440	13	of	of	ADP
hassl-907	440	14	the	the	DET
hassl-907	440	15	author(s	author(s	NOUN
hassl-907	440	16	)	)	PUNCT
hassl-907	440	17	,	,	PUNCT
hassl-907	440	18	humanities	humanity	NOUN
hassl-907	440	19	and	and	CCONJ
hassl-907	440	20	social	social	ADJ
hassl-907	440	21	sciences	science	NOUN
hassl-907	440	22	letters	letter	NOUN
hassl-907	440	23	shall	shall	AUX
hassl-907	440	24	not	not	PART
hassl-907	440	25	be	be	AUX
hassl-907	440	26	responsible	responsible	ADJ
hassl-907	440	27	or	or	CCONJ
hassl-907	440	28	answerable	answerable	ADJ
hassl-907	440	29	for	for	ADP
hassl-907	440	30	any	any	DET
hassl-907	440	31	loss	loss	NOUN
hassl-907	440	32	,	,	PUNCT
hassl-907	440	33	damage	damage	NOUN
hassl-907	440	34	or	or	CCONJ
hassl-907	440	35	liability	liability	NOUN
hassl-907	440	36	etc	etc	X
hassl-907	440	37	.	.	X
hassl-907	441	1	caused	cause	VERB
hassl-907	441	2	in	in	ADP
hassl-907	441	3	relation	relation	NOUN
hassl-907	441	4	to	to	PART
hassl-907	441	5	/	/	PUNCT
hassl-907	441	6	arising	arise	VERB
hassl-907	441	7	out	out	ADP
hassl-907	441	8	of	of	ADP
hassl-907	441	9	the	the	DET
hassl-907	441	10	use	use	NOUN
hassl-907	441	11	of	of	ADP
hassl-907	441	12	the	the	DET
hassl-907	441	13	content	content	NOUN
hassl-907	441	14	.	.	PUNCT