1. Suppose you must provide forecasts of expected return for various asset classes to be used in a mean-variance model. Given the following data for these asset classes, what would your forecasted expected return be for each asset class?

	Russell 1000 Value TR	Russell 1000 Growth TR	Russell 2000 Value TR	Russell 2000 Growth TR	MSCI EAFE TR
Annualized Mean	12.25%	9.88%	13.33%	8.10%	7.55%
Annualized s	14.76%	17.15%	17.69%	11.50%	8.70%
Annualized s	2.18%	2.94%	3.13%	1.32%	0.76%
Volatility Ratio	0.7560	1.0208	1.0855	0.4588	0.2626