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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 indices in column 4.

Actual Return Actual Weight Benchmark Weight Index Return
Equity 2.6 % 0.5 0.4 3.1% (S&P 500)
Bonds 1.6 0.2 0.2 1.8 (Barclays Aggregate)
Cash 0.6 0.3 0.4 0.7 (T-Bills)

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

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

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