Just wanted to check, is there any LOS (I couldn’t find) that says us to calculate the returns due to Asset category, benchmark and investment managers?
its Macro attribution
I haven’t seen any calculation specific questions on any mock or AM test yet…so doubtful.
i found in 1 old mock, but none of the LOS in Reading 41 of CFAI says to calculate
i may have seen one question somwehere. They would prob ask conceptual questions on that and calc on micro…
that said, its not too hard if they do ask
Net contribtutions: Increase in value from contributions
RFR - Increase in value if all invested at RFR(no formula that ive seen for this)
Asset categories - Sum of (Return of asset category - RFR)
Benchmarks - Sum of (Manager’s benchmark - Return of asset category)
Investment Manager - sum of (Invest Manager return - Manager’s benchmark return)
Allocation Effect - plug feature.