5. In a particular year, XYZ pension fund earned a return of 15 percent by making the following real estate investments in the following risky assets:

	Weight	Return
Apartments	30%	14.67%
Industrial	40%	16%
Office	20%	10%
Retail	10%	6%

The returns on the NPI benchmark portfolio was 8.3%, calculated as follows:

	Weight	Return
Apartments	26%	14%
Industrial	24%	15%
Office	33%	1.44%
Retail	17%	3.6%

Determine the contribution of asset allocation and selection across the property types to the total return.

5. In a particular year, XYZ pension fund earned a return of 15 percent by making the following real estate investments in the following risky assets: The returns on the NPI benchmark portfolio was 8.3%, calculated as follows: Determine the contribution of asset allocation and selection across the property types to the total return