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Ethical & Professional StandardsModule 4 of 5

Introduction to GIPS

5

Concepts

0

Formulas

1

Decisions

3

Quiz Questions

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Key Concepts

5 concepts covered in this module.

GIPS Overview

Global Investment Performance Standards: voluntary, ethical standards for calculating and presenting investment performance. Goal: fair, comparable reporting.

Why GIPS Exists

Without GIPS, firms could cherry-pick best-performing accounts. GIPS creates a level playing field for performance comparison across firms and countries.

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Decision Frameworks

1 decision frameworks to guide your analysis.

When must a firm claim GIPS compliance?

  • Compliance is voluntary but once claimed, must apply firm-wide
  • Must include all actual, fee-paying, discretionary portfolios in composites
  • Must present performance net of trading costs at a minimum

Mind Map

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Flashcard

GIPS Overview

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Answer
Global Investment Performance Standards: voluntary, ethical standards for calculating and presenting investment performance. Goal: fair, comparable reporting.
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Guidance for Standards I–VII

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Ethics Application