The manager of Cross Border Fund uses EAFE as a benchmark. Last year's performance for the...

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The manager of Cross Border Fund uses EAFE as a benchmark. Last year's performance for the fund and the benchmark were as follows: Weight EAFE weight Return on (%) Equity Index (%) Currency Appreciation Manager's Manager's Weight (%) Return (%) (%) Europe 0.3 10 10 0.25 9 Australasia 0.1 5 -10 0.25 8 Far East 0.6 15 30 0.5 16 Calculate Cross Border's currency selection return contribution as compared to the EAFE index. The manager of Cross Border Fund uses EAFE as a benchmark. Last year's performance for the fund and the benchmark were as follows: Weight EAFE weight Return on (%) Equity Index (%) Currency Appreciation Manager's Manager's Weight (%) Return (%) (%) Europe 0.3 10 10 0.25 9 Australasia 0.1 5 -10 0.25 8 Far East 0.6 15 30 0.5 16 Calculate Cross Border's currency selection return contribution as compared to the EAFE index.