You are provided with the following data for a three-sector LUSE portfolio (P) and the benchmark (B):

SectorWeight (P)Weight (B)Return (P)Return (B)

Energy 50%50%18%10%

Health Care30%20%3%2%

Financials20%30%10%12%

Required:

a)Determine the allocation contribution of the following:

i.Energy sector

ii.Health sector

iii.Financials sector

b)What was the fund managers' contribution to the portfolio performance due to security selection for the:

i.Energy sector

ii.Health sector

iii.Financials sector

c) How did the portfolio perform in comparison to the benchmark?

d) What were the main causes of the difference in performance between the two?