Brinson-Fachler (1985) — atribusi aktif return untuk portofolio saham 4 sektor vs benchmark

Sektor wP (bobot portofolio %) wB (bobot bench %) rP (return P %) rB (return B %)
Keuangan
Consumer
Energi/Material
Infrastruktur
Total 100100 10.78.7

Brinson-Fachler: Allocation Effect = (wP − wB) × (rB − RB_total); Selection Effect = wB × (rP − rB); Interaction = (wP − wB) × (rP − rB).

Efek Alokasi (bps)
+5
Efek Seleksi (bps)
+105
Interaksi (bps)
+5