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The HSIF portfolio during Q1 was invested with 80% in equities, 7% in fixed income and 13% in cash. The benchmark weights for those categories
The HSIF portfolio during Q1 was invested with 80% in equities, 7% in fixed income and 13% in cash. The benchmark weights for those categories are 60, 30 and 10 respectively. The benchmark returns for equities, fixed income and cash were 5.81%, 1.45% and 48 basis points, respectively. The HSIF returns for equities and fixed income during the quarter were 7.28% and 1.89%, respectively. What was the difference between the HSIF portfolio return and the benchmark return during the quarter?
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