sector/quality effect , “”“The sector/quality return is estimated by repricing each security in the portfolio using the average yield premium in its respective category. The return attributed to the sector/quality effect is calculated by subtracting the external effect and interest rate management effect from this return. “””" from what return???
sorry qq29~
soexcel, Did you find the ans to this one ? I mean Q29 … It is a big puzzle to me, I do not know what it is saying…
Sector/Quality Effect was correct, the interest mgmt was incorrec.