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Based on the data below, what was the portfolio's out- or underperformance due to asset allocation? Benchmark weight Portfolio weight stocks 0.5 0.6 bonds 0.5

Based on the data below, what was the portfolio's out- or underperformance due to asset allocation?

Benchmark weight Portfolio weight
stocks 0.5 0.6
bonds 0.5 0.4

Benchmark return Portfolio return
stocks -5% 5%
bonds 7% 14%

Calculate the portfolio's out- (or under-) performance due to asset allocation!

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