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b. Consider the following information regarding the performance of a money manager in a recent month. The table represents the actual return of each sector

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b. Consider the following information regarding the performance of a money manager in a recent month. The table represents the actual return of each sector of the manager's portfolio in column 1, the fraction of the portfolio allocated to each sector in column 2, the benchmark or neutral sector allocation in column in 3 and the returns of sector indices in column 4. Equity Bonds Cash Actual Return 2.0% 1.0% 0.5% Actual Weight 0.7 0.2 Benchmark Weight 0.6 0.3 0.1 Index Return 2.5% (S&P 500) 1.2% (Salomon Index) 0.5% 0.1 (i) Comment on the manager's performance

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