tag:blogger.com,1999:blog-2568941354104807757.post6009569296145541538..comments2023-10-05T09:07:24.225-04:00Comments on Investment Performance Guy: Linking fixed income attributionDave Spauldinghttp://www.blogger.com/profile/01777929408680234896noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2568941354104807757.post-54848880120140549272010-07-22T05:03:50.487-04:002010-07-22T05:03:50.487-04:00Steve, thanks for your concurrence!Steve, thanks for your concurrence!Dave Spauldinghttps://www.blogger.com/profile/01777929408680234896noreply@blogger.comtag:blogger.com,1999:blog-2568941354104807757.post-56430541354029357712010-07-21T23:50:00.314-04:002010-07-21T23:50:00.314-04:00Thank you a thousand times over for this posting, ...Thank you a thousand times over for this posting, because this continues to be a source of confusion, even though it's clear that ANY additive attribution model should be treated the same way when linking attribution effects over multiple periods. True, the attribution factors may differ between models, but they all share the common characteristic of being single-period effects that sum to the total excess return - and that the excess return is the difference between the portfolio return and the benchmark return.Stephen Campisi - Intuitive Performance Solutionsnoreply@blogger.com