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

Consider the following information regarding the performance of a money manager in a recent month. The table presents the actual return of each sector of the managers portfolio in column (1), the fraction of the portfolio allocated to each sector in column (2), the benchmark or neutral sector allocations in column (3) and the returns of sector indexes in column (4). (1) Actual Return in % (2) Actual Weight (3) Benchmark weight (4) Index return in % Equity 4.90 0.30 0.60 4.80 Bond 3.00 0.60 0.30 2.60 Cash 0.00 0.10 0.10 0.00 Answer the following questions in % and two decimal places. a. What was the manager's total performance? b. What was the benchmark's total performance? c. What was the contribution of security selection skill? d. what was the contribution of asset allocation skill?

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