Consider the following performance of an actively managed portfolio

	Actively managed portfolio		Benchmark portfolio
Component	Weight	Return	Weight	Return
Equity	0.7	7.00%	0.5	4.00%
Bonds	0.15	2.00%	0.25	1.80%
Cash	0.15	0.30%	0.25	0.30%

What is the attribution of excess return by asset allocation for this portfolio?

	A.	0.78%
	B.	0.59%
	C.	2.72%
	D.	None of the options.
	E.	2.13%