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Primo Management Company is looking at how best to evaluate the performance of its managers. Primo has been hearing more and more about benchmark portfollos

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Primo Management Company is looking at how best to evaluate the performance of its managers. Primo has been hearing more and more about benchmark portfollos and is interested in trying this approach. As such, the company hired Sally Jones, CFA, as a consultant to educate the managers on the best methods for constructing a benchmark portfolio, how to choose the best benchmark, whether the style of the fund under management matters, and what they should do with their global funds in terms of benchmarking. 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. 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 Duteh 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 depreclated 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. Required: What is the within-sector selection effect for each individual sector? (Round your answers to 1 decimal place. Negative amount should be indicated by a minus sign.)

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