Here is your portfolio and benchmark return:

Benchmark performance Portfolio performance

Equity 60 4% Equity 40 3.5%

Treasury 40 2.6% Treasury 40 2.6%

High Yield 0 3% High Yield 20 3%

What is the security selection effect of the EQUITY ? (JUST THRE EQUITY CONTRIBUTION NOT THE TOTAL)

-30 bps

-40bps

-25bps

NONE OF THE ABOVE