Primo Management Company is looking ot how best to evaluate the performance of its managers. Primo has been hearing more and more about benchmark portfolios and is interested in tryling 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 porfolio, how to choose the best benchmark. Whether the style of the fund under management matters. and what they should do with their globaifunds in terms of benchmarking For the sake of discussion Jones put together some comparative two year performance numbers that relate to Primo's current domestc funds under management and a potential benchmark. Dutch stocks and 25% in Britsh stocka. The benchmark is investec 50% in Dutch and bos in British stocks Qn overoce, the British stocks outpentormed the Outch stocks. The euro appreciated 69 Yets is the Us. dolat ovef the holding period while the pound depreclated 2% veisus the dollat In terms of the tocal retum. Brimo outperformed the benchmarkwith the Dutsh investments but underperformed the index with respect to the Britigh stocks Required: Intermediote colculotions. Round your answer to 1 decimal ploce. hnput the amount at pontive volue