Problem $18-12($Algo$)$

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 $MSCl$ 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: Question: 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.$)$