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:

Country Weight In

MSCI Index Manager$$s

Weight Manager$$s Return

in Country Return of Stock Index

for That Country

U$.$K$.0\mathrm{.}240\mathrm{.}4821\mathrm{.}00\%13\%$

Japan $0\mathrm{.}370\mathrm{.}1016\mathrm{.}0016$

U$.$S$.0\mathrm{.}360\mathrm{.}2710\mathrm{.}0012$

Germany $0\mathrm{.}030\mathrm{.}156\mathrm{.}0013$

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. Omit the $"\%"$ sign in your response.$)$

Added value

$\%$

b$.$ Calculate the value added 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. Omit the $"\%"$ sign in your response.$)$

Contribution of country allocation:

$\%$

c$.$ Calculate the value added from her stock selection ability within countries. $($Do not round intermediate calculations. Round your answer to $2$ decimal places. Negative amount should be indicated by a minus sign. Omit the $"\%"$ sign in your response.$)$

Contribution of stock selection:

$\%$

d$.$ Whether that the sum of the contributions to value added from her country allocation plus security selection decisions equals total over$-$ or underperformance.

multiple choice

Yes

No