Calculate the portfolio manager's allocation effect, given the manager's weights are 66.5% in equity, 18.8% in bonds, and remainder is in cash. The benchmark is 60% equity, 30% bonds, and 10% cash. The returns for the portfolio are 9.5% in equity, 5.4% in bonds, and 0.14% in cash. The benchmark returns are 8%, 3%, and 0.2%, respectively. (Answer to 2 decimal places in percent, so 2.42 for 2.42%).