Your client has stated that his annual return requirement is Inflation $2\%($before tax$).$ In terms of risk tolerance, he wants to limit volatility of his portfolio to not greater than $6\%$ per year You both agreed that the yearly inflation rate is likely to be $3\%$ per year with an annual volatility of $2\%.$ Suggest and defend a SAA for the client using the following asset classes:

$\backslash$table$[[$Asset$,$Expected Return $($Annual$),$Volatility $($Annual$)],[-$ quities,$6\%,0\%],[$Fixed Interest,$5\%,7\%],[$Inflation Indered Bonds $(18\mathrm{.}8),$Inflation $2\%,3\%],[,,4\%]]$