Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A portfolio manager had 10% of his portfolio in consumer discretionary stocks. In November the portfolio's holdings returned 8% while the S&P 500 consumer discretionary

A portfolio manager had 10% of his portfolio in consumer discretionary stocks. In November the portfolio's holdings returned 8% while the S&P 500 consumer discretionary sector returned 11%.

What did the consumer discretionary sector of the portfolio contribute in terms of item selection to the portfolio's return vs. the benchmark

- 0.30% (- 30 basis points)

-3% (- 300 basis points)

+0.30% (30 basis points)

+3% (300 basis points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Accountant 2018 For Accounting

Authors: Glenn Owen

16th Edition

9780357042083

Students also viewed these Finance questions