Question：
The Global Investment Performance Standards least likely require:
A. nondiscretionary portfolios to be included in composites.
B. non-fee-paying portfolios to be excluded in the returns of appropriate composites.
C. composites to be defined according to similar investment objectives and/or strategies.
Answer = A
Composites (Standard IV – Composites) must be defined according to similar investment objectives and/or strategies. Terminated portfolios must be included in the historical returns of appropriate composites, and only fee-paying portfolios are to be included in composites. Non-discrectionary portfolios must not be included in a firm's composites.
CFA Level I
"Introduction to the Global Investment Performance Standards (GIPS)," CFA Institute
|
权威名师倾情打造，助力通过金融第一考 |
||
|
权威名师倾情打造，助力通过金融第一考 |
||
|
双语教学，助力提升金融专业英语水平 |
更多精彩：