Jleau you could invest only in notes and one of these portfolios, which would you choose? LO 18.1 6. Consider the following information regarding the performance of a money manager in a recent month. The table presents the actual return of each-sector of the manager's portfolio in column (1), the fraction of the portfolio allocated to each sector in column (2), the r neutral sector allocations in column (3) and the returns of sector indexes in column (4). 12) Actual weight 0.60 0.30 (4) Index return (1) Actual return 2.0% 1.0 (3) Benchmark weight 0.50 0.40 2.5% (ASX 200) 1.2 (Aggregate bond index) 0.5 Equity Bonds Cash 0.5 0.10 0.10 a. What was the manager's return in the month? What was her over- or underperformance? b. What was the contribution of security selection to relative performance? c. What was the contribution of asset allocation to relative performance? Confirm that the sum of selection and allocation contributions equals her total 'excess' return relative to the bogey. LO 18.4