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The following information relates to the performance of a manager in 2020 . Details of investments in different sectors of the equity market are as
The following information relates to the performance of a manager in 2020 . Details of investments in different sectors of the equity market are as follows: Using the above data, answer the following questions: a. Has the manager over-performed or under-performed? b. What was the contribution of security selection to relative performance? c. What was the contribution of asset allocation to relative performance? d. What was the contribution from sector allocation to security selcction? e. Confirm that ine sum of the contribution of security selection, sector selection and asser allocation is equal manager's total excess return in relation to the bogey 2 marks Total =13 marks
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