The table presents the actual return of each sector of the manager's portfolio in column...

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The table presents the actual return of each sector of the manager's portfolio in column (1), the fraction of the portfolio allocated to each sector in column (2), the benchmark or neutral sector allocations in column (3), and the returns of sector indexes in column (4). (1) Actual Return 3.0% 1.3% 0.5% (2) Actual Weight 0.60 (3) Benchmark Weight (4) Index Return 3.2% Equity Bonds Cash 0.5% What is the contribution of asset allocation to relative performance? -18% .15% -15% .18% Next

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