Example: Performance Attribution

Consider a managed fund which has invested 70%,

7% and 23% in equity, fixed income and money

markets respectively.
The bogey portfolios has weights of 60/30/10.
The managed fund returned 5.34%. The bogey
portfolio returned 3.97%. What explains the
difference of 1.37%?
The equity, fixed income and cash benchmarks
returned 5.81%,1.45% and 0.48% respectively
The managed fund returned 7.28% and 1.89% for the
equity and fixed income portfolios respectively.