Attribution analysis uses the Fund Manager's and Benchmark's asset allocations and returns across asset classes. A potential investor wishes to understand the skills of a Fund Manager based on the data below: Asset Class Fund Weight BM Weight FM Return BM Return Equity 20% 50% 6% 8% Bonds 80% 50% 6% 4% Explain why is it important for the investor to decompose Active returns rather than simply use Active returns to compare performance? Attribution analysis uses the Fund Manager's and Benchmark's asset allocations and returns across asset classes. A potential investor wishes to understand the skills of a Fund Manager based on the data below: Asset Class Fund Weight BM Weight FM Return BM Return Equity 20% 50% 6% 8% Bonds 80% 50% 6% 4% Explain why is it important for the investor to decompose Active returns rather than simply use Active returns to compare performance