Question
eBook Problem 9-1 Category Comparison A A portfolio exclusively invests in energy companies (50%) and utilities (50%). The portfolio earned 10.85% last year. Morningstar category
eBook Problem 9-1 Category Comparison A A portfolio exclusively invests in energy companies (50%) and utilities (50%). The portfolio earned 10.85% last year. Morningstar category Return Finanacials -3.50% Consumer Cyclical 12.00% Equity Energy 10.00% Industrials 3.00% Utilities 10.00% Technology 13.00% Large Blend 11.00% Create a benchmark portfolio from the Morningstar categories. What is the return on this benchmark portfolio? The benchmark return is %. Round your answer to two decimal places. By how much did the portfolio beat its benchmark? The portfolio beat the benchmark by %. Round your answer to the nearest two decimals.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started