Performance Attribution

Correct! This most closely maps how the investment process is structured which can provide a better examination into the investment decision-making process.

For an investment manager who picks securities after analyzing economic sectors, what would be the most appropriate attribution framework?

Incorrect. Although it may be helpful to see how the sub-sectors roll up into sectors, this is not the best choice. Think about the best way to get insightful results from an attribution analysis.

Incorrect. While this may be helpful as a secondary analysis, it's not the best answer. Think about the best way to get insightful results from an attribution analysis.

Economic sectors followed by securities

Economic sectors followed by sub-sectors

Economic sub-sectors followed by securities