real estate , performance of composite with more than 5 protfolios must contain which internal dispersion
A high and low annual TW return
B range
C standard deviation
D interquartile range
E any of above作者: lcw77 时间: 2011-7-13 14:33
A
Edited 1 time(s). Last edit at Tuesday, May 31, 2011 at 09:09PM by Paraguay.作者: NakedPuts2011 时间: 2011-7-13 14:33
Okay this I had ZERO clue.......
Explanation behind this? Why is it different for real estate?作者: ohai 时间: 2011-7-13 14:33
This question definitely made me uncomfortable. Thought I was about done studying.作者: NakedPuts2011 时间: 2011-7-13 14:33
markCFAIL Wrote:
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> This question definitely made me uncomfortable.
> Thought I was about done studying.
This is from the official GIPS. I am not even 100% it is in the book.
6.A.16.
The following items MUST be presented in each COMPLIANT PRESENTATION:
a. As a measure of INTERNAL DISPERSION, high and low annual TIME-WEIGHTED RATES OF RETURN for the individual PORTFOLIOS in the COMPOSITE. If the COMPOSITE contains five or fewer PORTFOLIOS for the full year, a measure of INTERNAL DISPERSION is not REQUIRED.
b. As of each annual period end, the percentage of COMPOSITE assets valued using an EXTERNAL VALUATION during the annual period.
Edited 1 time(s). Last edit at Tuesday, May 31, 2011 at 09:21PM by Paraguay.作者: bpdulog 时间: 2011-7-13 14:34
A
NO EXCUSES作者: canadiananalyst 时间: 2011-7-13 14:34
This is only for real estate right? For everything else you have the option of
1) Equal weighted
2) Asset weighted
3) high low range
4) Intequartile range
5) range作者: justin88 时间: 2011-7-13 14:34
A quick question: Is internal dispersion required for Private Equity?作者: mcmc 时间: 2011-7-13 14:34
answer is A
I don't notice any internal dispersion required for Private Equity作者: Chuckrox 时间: 2011-7-13 14:34
Soccertom9 Wrote:
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> This is only for real estate right? For
> everything else you have the option of
>
> 1) Equal weighted
> 2) Asset weighted
> 3) high low range
> 4) Intequartile range
> 5) range
Incorrect. You can use any measure you want for regular composites:
"Note that the GIPS standards do not limit firms to using one of the measures of internal dispersion introduced above. A firm may prefer another way of expressing composite dispersion. The method chosen should, however, fairly represent the range of returns for each annual period."
(CFAI, Volume 6, page. 317)作者: bkballa 时间: 2011-7-13 14:34
answer is A high and low is required for real estate
