regarding attribution…
if they ask for micro-attribution: 1)market selection (wp-wb)(return of sector over benchmark), 2) security selection-using weight of the benchmark 3) joint allocation effects.
if they ask for global decomposition (and i will know because no benchmark data is given): 1)return on global index in domestic 2) market selection- but is the difference in weights times return of sector in local 3)security selection- using weight of portfolio, not benchmark, 4)currency effect, 5) yield
if they ask for multi-period: 1) security selection- using portfolio weight 2)market allocation- same as micro-attribution.
is this correct?