a) Consider the following information on the performance of a portfolio manager in a recent quarter Manager's Manager's Market weight Market return weight return Stocks 2% 0.70 0.60 2.5% Bonds 1% 0.20 0.30 1.2% Marketable 0.5% 0.10 0.10 0.5% securities Required: Evaluate the performance (underperformance or overperformance) compared to benchmark (market). Identify the contributions of security selection and asset allocation to relative performance (6 marks)