13、Regarding the definition of the firm, do the GIPS standards require that total firm assets include the market value of the firm's:

nondiscretionary assets under management?    non-fee-paying assets?

A.   No  No

B.    No  Yes

C.   Yes  No

D.   Yes  Yes

A. Answer A

B. Answer B

C. Answer C

D. Answer D

答案和详解如下：

13、Correct answer is D

"Global Investment Performance Standards" (CFA Institute, 2005)

2008 Modular Level I, Vol. 1, p. 132

Study Session 1-4-b

Describe the scope of the GIPS standards with respect to an investment firm's definition and historical performance record

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.

答案和详解如下：

13、Correct answer is D

"Global Investment Performance Standards" (CFA Institute, 2005)

2008 Modular Level I, Vol. 1, p. 132

Study Session 1-4-b

Describe the scope of the GIPS standards with respect to an investment firm's definition and historical performance record

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.

顶

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