Many CIOs use Jensens Alpha to help with their decisions on the selection of portfolio managers.i) Explain Jensens Alpha as a selection tool for portfolio managers. What does a higher Jensens alpha tell us about a portfolio managers performance?ii) Take Portfolio ABC. The daily return based on CAPM is 0.20% and the actual portfolio return is 0.15%. Calculate its Jensen Alpha. Is this a good indicator? Can we consider this portfolio and if so, why?