jackT

[jackT]

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Hey Chris,

Many thanks for your time on this one, I’m still a little stuck. I think the total time weighted return over the two periods is +21%, as we made 10% in month1 and 10% in month 2, so compounded that would be 21%. If we are then trying to decompose the contribution of each of the assets to that overall return, i would need to keep 21% as the figure from which i would say asset E has contributed x%. But the sum i had so far would add up asset A-E and equal a YTD overall return of only 20.16%, so i am missing nearly 1% of performance which i am not explaining. Just wondered if there was an adjustment that is needed to account for the step up in assets from month 1 to month 2 and how that keys in to the overall return.

Thanks again!

J

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