nannan66

Here's the quote from Schweser:

"all composites will have the same beginning and ending annual dates. We will apply accrual acouting to all interest generated by the bonds in our portfolios. Starting in 2010 we will cal ulate time weighted returns on the date if all large external cash flows. All discretionary, fee paying portfolios will be included in at least one composite and composites will be defined according to invest strategy and or objectives."

I said this was inaccurate because all fixed income AND equity use accrual accounting. Am I missing something here?