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In a particular year, a fund manager made the following investments in the following asset classes: Weight Return Bonds 40% 5% Stocks 60% 18% The
In a particular year, a fund manager made the following investments in the following asset classes: Weight Return Bonds 40% 5% Stocks 60% 18% The return on a benchmark portfolio was calculated as follows: Weight Return 70% 3% Bonds (Bond Index) Stocks (Stock Index) 30% 16% Calculate the contribution of security selection (as a percentage) to the fund's total excess return
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