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In a particular year, a fund manager made the following investments in the following asset classes: Weight 40% 60% Bonds Stocks Return 5% 18%
In a particular year, a fund manager made the following investments in the following asset classes: Weight 40% 60% Bonds Stocks Return 5% 18% The return on a benchmark portfolio was calculated as follows: Weight 70% 30% Bonds (Bond Index) Stocks (Stock Index) Return 3% 12% Calculate the contribution of security selection (in percentage terms) to the fund's total excess return.
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