Technology Fund X weight (%) 32.2 2. The mutual fund X has value weights on four...

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Technology Fund X weight (%) 32.2 2. The mutual fund X has value weights on four sectors and returns as given in the table below. The table also shows the weights and returns of the fund's benchmark portfolio. Energy 28.5 Utility Financial 18.0 21.3 Benchmark weight (%) 20.0 24.5 16.0 39.5 Fund X return (%) -3.4 4.5 12.8 3.4 Benchmark return (%) 0.1 4.7 10.6 2.7 (a) How did the fund perform compared with the benchmark, overperformance or underperformance? (b) Provide a performance attribution of mutual fund's return in terms of its broad asset class allocation and stock selection relative to the benchmark. Technology Fund X weight (%) 32.2 2. The mutual fund X has value weights on four sectors and returns as given in the table below. The table also shows the weights and returns of the fund's benchmark portfolio. Energy 28.5 Utility Financial 18.0 21.3 Benchmark weight (%) 20.0 24.5 16.0 39.5 Fund X return (%) -3.4 4.5 12.8 3.4 Benchmark return (%) 0.1 4.7 10.6 2.7 (a) How did the fund perform compared with the benchmark, overperformance or underperformance? (b) Provide a performance attribution of mutual fund's return in terms of its broad asset class allocation and stock selection relative to the benchmark.