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Consider the below information that describes the annual performance of a manager's entire portfolio and the benchmark portfolio. What is the contribution of asset allocation

Consider the below information that describes the annual performance of a manager's entire portfolio and the benchmark portfolio.

What is the contribution of asset allocation to the manager's relative performance?

Manager Return Manager Allocation Benchmark Return Benchmark Allocation
Asset Class A 4% 0.8 8% 0.8
Asset Class B 7% ? 1% ?

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