Can somebody please explain what the GIPS is a carve-out.. in plain english?
Thanks作者: Zestt 时间: 2011-7-11 19:09
Dude the book explains it in plain english.作者: nannan66 时间: 2011-7-11 19:09
I have a balanced portfolio, 60% equity, 35% fixed income, 5% cash.
I want to include the equity portion in an equity composite.
That's a carve out. I'm carving out 60% of my portfolio to include in an equity composite.
NO EXCUSES作者: pennyless 时间: 2011-7-11 19:09
CFAphoenix Wrote:
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> Thanks bpdulog. Was having similar confusion to
> CFASniper but you cleared it up.
BTW, I don't know the details surrounding this, but the composite needs to have a separate cash account. Not sure if it's an actual cash account or a carve out of the existing cash account.
