12. You recently got a job as a financial analyst with Best Brain Consultants. The following information have been availed to you relating to a clients portfolio return and the bond index return:

Period	Portfolio return (%)	Bond index return (%)
1	--0.62	--0.93
2	2.47	1.89
3	1.12	0.63
4	0.74	--0.15
5	1.19	0.67
6	2.05	1.37

Required:

i). Computed the annualized tracking error in basis points.

ii). Comment on whether the portfolio return is succeeding or not based on your answer in (i).