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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 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 indexes in column (4). ActualActual Benchmark Index Return Equity Bonds Cash Retum Weight Weight 0.50 0.20 0.30 21% 1.5 0.7 0.40 2 7% (S&P 500) 0.30 1. (Agregate Bond Index) 0.30 0.7 a-1. What was the manager's return in the month? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Manager's return a-2. What was her over or underperformance? (Input the value as positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) Click to select)v b. What was the contribution of security selection to relative performance? (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Contribution of security selection c. What was the contrlbution of asset allocatlon to relative performance? (Do not round Intermedlate calculatlons. Round your answer to 2 declmal places.) Contribution of asset allocation
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