5.Regarding the definition of the firm, do the GIPS Standards require that total firm assets include the market value of the firm抯:
| nondiscretionary assets under management? | non-fee-paying assets? | A | No | No | B | No | Yes | C | Yes | No | D | Yes | Yes |
Select exactly 1 answers from the following: A. B. C. D. 答案和详解如下! Feedback: Correct answer: D
2006 CFA Level I Program Readings, 揋lobal Investment Performance Standards? (CFA Institute, 2005), pp. 114 2006 Modular Level I, Vol. I, pp. 120 Study Session 1?杒 explain the fundamentals of compliance with the GIPS standards
Total firm assets must be the aggregate of the market value of all discretionary and nondiscretionary assets under management within the defined firm. This includes both fee-paying and non-fee-paying assets.
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