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A fund manager has a long-term asset allocation that includes an exposure of 20% of the portfolio value to international equities. The fund manager makes

A fund manager has a long-term asset allocation that includes an exposure of 20% of the portfolio value to international equities. The fund manager makes the decision to include the stock AAPPL in the portfolio. On average, evidence suggests that the long-term asset allocation decision will have a _________ contribution to the overall performance of the portfolio relative to the decision to hold AAPPL as part of the Australian equity exposure. Select one: a. Minimal b. Lower c. Higher d. It cannot be decided from the information provided

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