Business, 28.05.2020 02:59 hargunk329

John is a portfolio manager of a mutual fund. Hisinvestment policy is investing up to 50% of the portfolio in small cap stocks and the rest in high-risk bonds. After one year, Johnhad a total return of 15% while theS&P Small Cap 600 Index increased by 5%. Therefore, John advertised that his excess returnover thebenchmark is 10%.Explain your opinion about John’s performance and the benchmark(8points

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