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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 Weight In Manager's Manager's Return in Country Return of Stock Index for That Country CountryMSCI Index Weight U.K. Japan U.S Germany 0.28 0.41 0.24 0.07 0.22 0.5 0.23 0.05 22% 16 10 15% 16 13 a. Calculate the total value added of all the manager's decisions this period. (Round your answer to 2 decimal places. Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Omit the "%" sign in your response.) Added value: b. Calculate the value added (or subtracted) by her country allocation decisions. (Round your answer to 2 decimal places. Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Omit the "%" sign in your response.) Contribution of country allocation: c. Calculate the value added from her stock selection ability within countries. (Round your answer to 2 decimal places. Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Omit the "%" sign in your response.) Contribution of stock selection

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