Question: 2. The table below documents the asset allocation and returns for the bogey portfolio and a managed fund. Calculate the excess returns generated by the

2. The table below documents the asset allocation and returns for the bogey portfolio and a managed fund. Calculate the excess returns generated by the managed fund. Calculate the attribution of portfolio returns between asset allocation and security selection.(6 marks)

Bogey Weights

Market Return

Portfolio Weights

Portfolio Returns

Equity

65%

6.42%

75%

7.12%

Fixed Income

25%

3.32%

20%

3.24%

Cash

10%

2.12%

5%

2.12%

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