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In a particular year, Roll Tide Mutual Fund earned a return of 15% by making the following investments in the following asset classes: Weight Return

In a particular year, Roll Tide Mutual Fund earned a return of 15% by making the following investments in the following asset classes:

Weight Return
Bonds 10% 6%
Stocks 90% 16%

The return on a bogey portfolio was 10%, calculated as follows:

Weight Return
Bonds (Lehman Brothers Index) 50% 5%
Stocks (S&P 500 Index) 50% 15%

The contribution of selection within markets to total abnormal return was

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