Question: The manager uses EAFE as a benchmark. Last year's performance for the fund and the benchmark were as follows: EAFE Weight Return on Equity index

The manager uses EAFE as a benchmark. Last year's performance for the fund and the benchmark were as follows:
EAFE Weight Return on Equity index Currency Appreciation Manager's weights Manager's return
EUR 0.15 11% 5% 0.2 12%
AUS 0.3 9% -3% 0.3 10%
FE 0.55 13% 9% 0.5 14%

Calculate stock selection contribution to returns?

-0.50%

0.0%

1.00%

1.50%

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