a) Using the information above from Kwame Capital, Calculate the Treynor ratio (using the holding period return) and Sortino ratio (using the holding period return). b) Calculate the Total Value Added for the fund and define and differentiate between the allocation and the selection effect. Based on your calculation, is the fund manager better at asset allocation or security selection? Explain your answer. (6 Marks) (19 Marks)

Performance Information Kwame Capital: 1 January 2022- 31 December 2022 7 a) Using the information above from Kwame Capital, Calculate the Treynor ratio (using the holding period return) and Sortino ratio (using the holding period return). (6 Marks) b) Calculate the Total Value Added for the fund and define and differentiate between the allocation and the selection effect. Based on your calculation, is the fund manager better at asset allocation or security selection? Explain your answer. (19 Marks)