Question
A New Zealand based fund has an asset allocation strategy of 83.99% international investments and the remainder in New Zealand investments. Within New Zealand, the
A New Zealand based fund has an asset allocation strategy of 83.99% international investments and the remainder in New Zealand investments. Within New Zealand, the fund has allocated 60.05% of its portfolio to equity and 39.95% to bonds. Internationally, the fund has allocated 75.53% to equities and 24.47% to bonds. The fund now holds 66.15% of its international equity portfolio in the stock of Telkom Limited. What percentage (%) of the total fund is invested in Telkom Limited? (please report the solution in percentage terms without the % symbol - i.e., if the solution is 15.20% please type 15.20 in the cell below)
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