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Required: Calculate the contribution to total performance from currency, country, and stock selection for the manager in the example below. All exchange rates are expressed
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Calculate the contribution to total performance from currency, country, and stock selection for the manager in the example below. All exchange rates are expressed as units of foreign currency that can be purchased with 1 U.S. dollar. (Do not round intermediate calculations. Round your percentage answers to 2 decimal places. Input all amounts as positive values.)
EAFE Weight | Return on Equity Index | E1/E0 | Manager's Weight | Manager's Return | |
---|---|---|---|---|---|
Europe | 0.60 | 17% | 0.90 | 0.69 | 20% |
Australasia | 0.20 | 15 | 1.30 | 0.22 | 17 |
Far East | 0.20 | 22 | 1.10 | 0.09 | 17 |
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