5
Concepts
0
Formulas
1
Decisions
3
Quiz Questions
5 concepts covered in this module.
Global Investment Performance Standards: voluntary, ethical standards for calculating and presenting investment performance. Goal: fair, comparable reporting.
Without GIPS, firms could cherry-pick best-performing accounts. GIPS creates a level playing field for performance comparison across firms and countries.
A composite groups all portfolios managed under a similar strategy. Firms MUST include all fee-paying, discretionary portfolios in appropriate composites.
Firm-wide compliance (cannot claim partial compliance). Must present at least 5 years of GIPS-compliant data (or since inception if < 5 years). Build to 10 years.
Voluntary third-party review of GIPS compliance. Applies to the entire firm, not individual composites. Adds credibility but is not required.
1 decision frameworks to guide your analysis.
Visual overview of how concepts connect in this module.
This module has 6 flashcards and 3 quiz questions to test your knowledge.
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