[学习疑问] 2013 L3 mock 第58题 before, return, management, 2013, 是

chenwei1014

答案说gross of fees return不应该考虑custodial fees，关键是文章中note 4确实说了是before management fees and custodial fees,我觉得答案应该是C，因为trade expenses里面含有in-direct成分，而按照GIPS说法，只有direct trading expenses才要去除，考友们怎么看呢？