Overview of the Global Investment Performance Standards – Part II (2024 Level III CFA® Program)

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Topic 11 – Ethical and Professional Standards
Overview of the Global Investment Performance Standards – Part I
- LOS : Explain requirements of the GIPS standards with respect to composite return calculations, including methods for asset weighting portfolio returns.
- LOS : Explain the meaning of “discretionary” in the context of composite construction and, given a description of the relevant facts, determine whether a portfolio is likely to be considered discretionary.
- LOS : Explain the role of investment mandates, objectives, or strategies in the construction of composites.
- LOS : Explain requirements of the GIPS standards with respect to composite construction, including switching portfolios among composites, the timing of the inclusion of new portfolios in composites, and the timing of the exclusion of terminated portfolios from composites.
- LOS : Explain requirements of the GIPS standards with respect to presentation and reporting.
- LOS : Explain the conditions under which the performance of a past firm or affiliation may be linked to or used to represent the historical performance of a new or acquiring firm.
- LOS : Discuss the purpose, scope, and process of verification.