There are 8 items required for GIPS presentation:
1) Annual Returns
2) Total Return (%)
3) Benchmark return (%)
4) Measure of internal dispersion if 5 portfolios
5) Number of portfolios if 5
6) Total Composite Assets at EOP
7) % of Firm Assets
8) Total Firm Assets
Questions:
a) If you provide 6 & 8, then 7 is readily calc’able. So, if 7 is excluded, is that a violation?
2) If you provide 6 & 7, then 8 is readily calc’able. No 8=violation?
PS: Thanks to the CFA Inst for turning this into a ‘how will they try to trick us on the GIPS’ session.作者: Windjam 时间: 2013-4-2 11:54
Questions:
a) If you provide 6 & 8, then 7 is readily
calc’able. So, if 7 is excluded, is that a
violation?
2) If you provide 6 & 7, then 8 is readily
calc’able. No 8=violation?
It’s my understanding that you must present it all – the client shouldn’t have to do the calculations.作者: John10 时间: 2013-4-2 11:55
Nah I think you’re incorrect there. Pretty sure it’s Total firm assets and % of firm or total firm assets and assets per composite (at period end)作者: infinitybenzo 时间: 2013-4-2 11:55
I agree with APP作者: wake2000 时间: 2013-4-2 11:56
It’s either the percentage of the firm’s total assets in the composite or the amount of total firm assets.
Check CFA Vol. 6 p. 308作者: cjs238 时间: 2013-4-2 11:56
Final words by Mchigi - client can do % calculation for themselves.
