Reading 3: Introduction to the Global Investment Performance 2010, Investment, standards, parties, center

bmaggie

Session 1: Ethical and Professional Standards
Reading 3: Introduction to the Global Investment Performance Standards (GIPS^?)

LOS a, (Part 2): Explain what parties the GIPS standards apply to, and who is served by the standards.

 

 

 

The Global Investment Performance Standards (GIPS) were designed to apply primarily to which of the following groups?

A) Investment management firms located in countries without locally accepted investment standards already in place.

B) Investment management firms located worldwide that seek to comprehensively and accurately present historical investment performance.

C) Investment firms located in the 21 countries that have contributed significantly to promoting and developing the GIPS.

---

 

The GIPS were designed to become “the” worldwide standard for all investment firms seeking to present historical investment performance.

bmaggie

The Global Investment Performance Standards (GIPS) apply to which of the following parties?

A) A software firm that developed a software package that assists investment firms in achieving GIPS compliance.

B) The chief compliance officer for a regional money manager.

C) An investment management firm located in Indonesia.

---

Only an investment firm that actually manages assets can claim compliance with GIPS.

zaestau

 c