if the initial period is less than a full year initial, returns, through, period, annual

LPoulin133

Prior to 2011, how to handle the composite return if the initial period is less than a full year?


For your convenience...
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Presentation and Reporting
5.A.1

c. For COMPOSITES with a COMPOSITE INCEPTION DATE of 1 January 2011 or later,
when the initial period is less than a full year, returns from the COMPOSITE
INCEPTION DATE through the initial annual period end.

d. For COMPOSITES with a COMPOSITE TERMINATION DATE of 1 January 2011 or
later, returns from the last annual period end through the COMPOSITE
TERMINATION DATE.

Unforseen

Does the firm need to present the composite return in 2010?
If yes, what's the purpose of 5.A.1.c?

nannan66

you must not annualise the return if not it is taken as modelling or rather simulating the return

infinitybenzo

How to present the composite returns if the composite was created in June, 2010?