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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 manager's 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 Weight 0.3 Benchmark Weight Actual Return 2.3% 1 Equity Bonds Cash Index Return 2.8% (S&P 500) 1.2 (Barclay's Aggregate) a-1. What was the manager's return in the month? (Do not round intermediate calculations. Input all amounts as positive values. Round your answer to 2 decimal places.) The manager's return in the month is 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.) b. What was the contribution of security selection to relative performance? (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Contribution of security selection c. What was the contribution of asset allocation to relative performance? (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Contribution of asset allocation
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