Ms Yong Invested $16,800 in a Canadian Equity Mutual Fund

Short Answer

Ms. Yong invested $16,800 in a Canadian equity mutual fund, $25,600 in a U.S. equity mutual fund, and $31,000 in a global fund that holds a variety of foreign securities. If in the subsequent 6 months, the value of the units in the Canadian fund dropped by 4.3%, the U.S. fund declined by 1.1%, and the global fund rose by 8.2%, what was the overall rate of return on Ms. Yong's mutual fund portfolio for the 6-month holding period?