Question 21 The returns of a portfolio, P, and the benchmark, B, for a five year period are shown in the table below. Calculate the portfolio's tracking error. Return (P) Year 2.3% 2.8% 0.2% 3.3% O 1.7% 1 2 3 4 5 14% 17% 0% -5% 20% Return (B) 4 pts 12% 18% -4% -2% 21%

The returns of a portfolio, P, and the benchmark, B, for a five year period are shown in the table below. Calculate the portfolio's tracking error. 2.3% 2.8% 0.2% 3.3% 1.7%