6. 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	2.6%	0.4	0.6	3.1% (S&P 500)
Bonds	1.5	0.2	0.1	1.7 (Salomon Index)
Cash	0.7	0.4	0.3	0.8

What was the managers return in the month? What was her overperformance or underperformance?(Round your answer to 2 decimal places. Input all amounts as positive values. Do not round intermediate calculations. Omit the "%" sign in your response.)

The managers return in the month is underperformed by	1.62%
	________%?? (answer is not -2.27%)