Percentage of global total portfolio

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Global Investment Management has an asset allocation strategy of 60% US investments and 40% global investments. Within the United States, Global has allocated 70% of its portfolio to equities and 30% to bonds. Global now holds 3% of its US. equity portfolio in the stock of Wally World. Internationally, Global has allocated 55% to equities and 45% to bonds. About what percentage of Global's total portfolio is invested in Wally World?

Reference no: EM133120337

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