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A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager will be evaluated by comparing

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A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager will be evaluated by comparing her returns to the return on the MSCI World Market Portfolio, but she is free to hold stocks from various countries in whatever proportions she finds desirable. Results for a given month are contained in the following table Heturn of Stock Index for That County U. Japan 1.5. Germany Weight In MSC Index 0.27 0.4 0.25 0.08 Welt 0.35 0.2 0.24 0.21 Man's Return in County 22 16 10 6 16 12 13 a. Calculate the total value added of all the manager's decisions this period. (Do not round Intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Added value b. Calculate the value added (or subtracted) by her country allocation decisions. (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Contribution of country allocation (003) c. Calculate the value added from her stock selection ability withill countries. (Do not round Intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Contribution of stock selection %

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