With respect to reporting investment results, Global Investment Performance Standards (GIPS) require a minimum of:
A: three years of historical performance.
B: ten years of historical performance.
C: five years of historical performance.
A: three years of historical performance.
B: ten years of historical performance.
C: five years of historical performance.
举一反三
- Which of the following is NOT a reason for the creation of the Global Investment Performance Standards (GIPS standards)（） A: to improve investment performance as managers diversify internationally. B: the need for consistent performance measurement due to the globalization of financial markets. C: to allow investment clients to more easily compare investment performance.
- The major drawback ofusing historical results for judging current performance is that inefficienciesmay be concealed in the past performance.
- Which of the following was NOT a motivation for creating the Global Investment Performance Standards (GIPS) A: Increase the role of government agencies in the investment industry. B: Achieve greater uniformity and comparability among presentations of performance. C: Improve the service offered to investment management clients.
- According to the Global Investment Performance Standards (GIPS):（） A: firms may not set minimum asset levels for portfolios to be included in a composite. B: composites must be defined according to similar investment objectives and/or strategies. C: terminated portfolio must be excluded in the historical returns of appropriate composites.
- Which of the following statements is a key characteristic of the Global Investment Performance Standards (GIPS) The GIPS standards:（） A: rely on the integrity of input data. B: consist of required provisions for firms to follow to achieve best practice. C: must be applied with the goal of achieving excellence in performance presentation.