In a particular year, a fund manager made the following investments in the following asset classes: Weight 40% 60% Return 5% Bonds Stocks 18% The return on a benchmark portfolio was calculated as follows: Weight Return Bonds (Bond Index) 70% 3% Stocks (Stock Index) 30% Calculate the contribution of security selection (as a percentage) to the fund's total excess return. 15% In a particular year, a fund manager made the following investments in the following asset classes: Return Weight 40% 5% Bonds Stocks 60% 18% The return on a benchmark portfolio was calculated as follows: Return Weight 70% 30% 3% Bonds (Bond Index) Stocks (Stock Index) 15% Calculate the contribution of security selection (as a percentage) to the fund's total excess return Next