A fund of funds (FOF) manager is conducting a performance attribution analysis for a portfolio consisting of equity and fixed-income securities to evaluate the effects of the portfolio manager's asset allocation and security selection decisions. The FOF manager uses the information presented below: | Asset class | Portfolio weight | Benchmark weight | Portfolio return | Benchmark return | |---------------|------------------|------------------|------------------|------------------| | Equity | 58% | 50% | 8% | 11% | | Fixed income | 42% | 50% | 6% | 7% | What is the contribution of the portfolio manager's asset allocation decision to the portfolio's overall excess return? | Financial Risk Manager Part 2 Quiz - LeetQuiz