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? 2 mark c. What was the contribution of asset allocation to relative performance? 3 mark d. What was the contribution from sector allocation to security selection? 3 marks 3 mark: e. Confirm that the sum of contribution of security selection, sector selection and asset allocation is equal manager's total excess return in relation to the bogey. 2 mark