NO.PZ202301190100003101
问题如下：
WCM’s methodology for calculating performance, as disclosed in Note 1, is least likely consistent with GIPS standards for:选项：
A.frequency of return calculations.
B.external cash flows.
C.geometrically linked returns.
解释：
SolutionA is correct. WCM’s return calculation is not GIPS compliant. GIPS standards require that returns be calculated on a monthly basis for periods beginning on or after 1 January 2001.
B is incorrect. WCM’s calculation of returns when a large external cash flow takes place is GIPS compliant.
C is incorrect. WCM is GIPS compliant. GIPS require geometrically linking of subperiod returns which is done.
哪些return必须monthly bases，哪些return可以quarterly bases？
