The Manager of Quantitative International Fund Uses EAFE as a Benchmark

question 1

Multiple Choice

The manager of Quantitative International Fund uses EAFE as a benchmark. Last year's performance for the fund and the benchmark were as follows:

Calculate Quantitative's currency selection return contribution.

• A) +20%
• B) −5%
• C) +15%
• D) +5%
• E) −10%

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Definitions:

Stratum Corneum

The outermost layer of the epidermis, consisting of dead skin cells that provide a barrier against infection and environmental threats.

Free Edge

The free edge refers to the part of a structure that is not attached or fixed to surrounding tissue, commonly used in the context of fingernails or other body parts.

Hyponychium

The area of soft tissue found under the free edge of the fingernail or toenail, acting as a barrier to protect the nail bed from infections.

Sebaceous Glands

Oil-producing glands in the skin that lubricate and protect the surface.