For the sake of discussion, Jones put together some comparative two-year performance numbers that relate to Primo's current domestic funds under management and a potential benchmark. Style Category Large-cap growth Mid-cap growth Small-cap growth Weight Primo Benchmark 0.60 0.50 0.15 0.40 0.25 0.10 Primo 17% 24 20 Return Benchmark 16% 26 18 - As part of her analysis, Jones also takes a look at one of Primo's global funds. In this particular portfolio, Primo is invested 75% in Dutch stocks and 25% in British stocks. The benchmark is invested 50% in Dutch and and 50% in British stocks. On average, the British stocks outperformed the Dutch stocks. The euro appreciated 6% versus the U.S. dollar over the holding period while the pound depreciated 2% versus the dollar. In terms of the local return, Primo outperformed the benchmark with the Dutch investments, but underperformed the index with respect to the British stocks. Which of the following statements about Primo's global fund is most correct? Primo appears to have a positive currency allocation effect as well as a negative market allocation effect and a positive security allocation effect. O a negative market allocation effect and a negative security allocation effect. O a positive market allocation effect and a negative security allocation effect