Recommend the trading strategy C&M should implement. Justify your response.

Mason Darden is an adviser at Colgate & McIntire (C&M), managing large-cap global equity separate accounts. C&M’s investment process restricts portfolio positions to companies based in the United States, Japan, and the eurozone. All C&M clients are US-domiciled, with client reporting in US dollars.
Darden manages Ravi Bhatt’s account, which had a total (US dollar) return of 7.0% last year. Darden must assess the contribution of foreign currency to the account’s total return.
Exhibit 1 summarizes the account’s geographic portfolio weights, asset returns, and currency returns for last year.

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EXHIBIT 1 Performance Data for Bhatt's Portfolio Last Year Geography United States Eurozone Japan Total Portfolio Weight Asset Return Currency Return 50% 10.0% NA 25% 5.0% 2.0% 25% -3.0% 4.0% 100%