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The table below represents the breakdown of the actual returns for a pension fund during a given quarter. The table also contains the benchmark weights
The table below represents the breakdown of the actual returns for a pension fund during a given quarter. The table also contains the benchmark weights and returns against which the pension fund is measured.
Fund | Fund | Benchmark | Benchmark | |
Weight | Return | Weight | Return | |
Equity | 0.65 | 4.1% | 0.60 | 4.4% |
Bonds | 0.30 | 2.4% | 0.35 | 1.9% |
Cash | 0.05 | 0.75% | 0.05 | 0.75% |
Calculate the Fund's outperformance (or underperformance) relative to the Benchmark, i.e. the fund's performance minus the performance of the benchmark. If the fund underperformed, the relative performance should be a negative number.
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