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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

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 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.

Actual Return Actual Weight Benchmark Weight Index Return
Equity 2.2 % 0.6 0.4 2.7%(S&P/TSX Composite)
Bonds 1.2 0.2 0.3 1.5 (FTSE TMX Universe)
Cash 0.5 0.2 0.3 0.5

a-1. What was the managers return in the month? (Round your answer to 2 decimal places. Input all amounts as positive values. Do not round intermediate calculations. Omit the "%" sign in your response.)

The managers return in the month is Numeric response 1. %?

a-2. What was her overperformance or underperformance? (Round your answer to 2 decimal places. Input all amounts as positive values. Do not round intermediate calculations. Omit the "%" sign in your response.)

Underperformed by Correct Numeric Response 2.%

b. What was the contribution of security selection to relative performance? (Round your answer to 2 decimal places. Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Omit the "%" sign in your response.)

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