5.Consider the following information regarding the performance of a money manager in a recent month. The table represents the actual return of each sector of the managers portfolio in column 1, the fraction of the portfolio allocated to each sector in column 2, the benchmark or neutral sector allocations in column 3, and the returns of sector indices in column 4.

	Actual Return		Actual Weight	Benchmark Weight	Index Return
Equity	2.1	%	0.5	0.6	2.6% (S&P 500)
Bonds	1.9		0.1	0.3	2.3 (Barclays Aggregate)
Cash	0.6		0.4	0.1	0.7

a-1. What was the managers return in the month? (Do not round intermediate calculations. Input all amounts as positive values. Round your answer to 2 decimal places.)

Managers return in the month=

a-2. What was her overperformance or underperformance? (Do not round intermediate calculations. Input all amounts as positive values. Round your answer to 2 decimal places.)

Output performed by? or underput performed by? = Ans%

b. What was the contribution of security selection to relative performance? (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.)

Contribution of Security selection =? %

c. What was the contribution of asset allocation to relative performance? (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.)

Contribution of asset allocation = ? %

6.A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager will be evaluated by comparing her returns to the return on the MSCI World Market Portfolio, but she is free to hold stocks from various countries in whatever proportions she finds desirable. Results for a given month are contained in the following table:

Country	Weight In MSCI Index	Managers Weight	Managers Return in Country		Return of Stock Index for That Country
U.K.	0.32	0.3	25%		15%
Japan	0.45	0.2	17%		17%
U.S.	0.2	0.19	10%		13%
Germany	0.03	0.31	7%		15%

a. Calculate the total value added of all the managers decisions this period. (Do not round intermediate calculations. Round your answer to 2 decimal places. A negative amount should be indicated by a minus sign.)

Added value %=?

b. Calculate the value-added (or subtracted) by her country allocation decisions. (Do not round intermediate calculations. Round your answer to 2 decimal places. A negative amount should be indicated by a minus sign.)

Contribution of country Allocation %=?

c. Calculate the value-added from her stock selection ability within countries. (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.)

Contribution of stock selection %= ?