Standard VI(C) – Referral Fees
Standard VI(C) – Referral Fees requires CFA members to report to employers and... Read More
A primary aspect of GIPS is to require composites, which are aggregate portfolios managed with a similar investment approach. Therefore, if a firm presents its record for a particular equity classification, all portfolios meeting pre-established criteria for that class must be represented. A firm cannot include some and exclude others at will.
In addition, composite guidelines prevent firms from using only their best-performing portfolios, thereby skewing presentation results.
Non-discretionary portfolios must not be included in a firm’s composites. A discretionary portfolio is one in which buy and sell decisions are made by a portfolio manager. On the other hand, the manager of a non-discretionary portfolio does not have full discretion over how the money is invested.
Sergio Torrico
2021-07-23
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Escribo esta revisión en español para los hispanohablantes, soy de Bolivia, y utilicé
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2021-07-17
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2021-07-16
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2021-06-28
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2021-06-22
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2021-05-10
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2021-03-24
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2021-03-18
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