NO.PZ2024022002000083
问题如下:
In a firm adhering to the GIPS standards and overseeing both discretionary and nondiscretionary client accounts, Juma Dzuya integrates all fee-paying, discretionary accounts employing diverse strategies (value and growth) into a unified composite. Is this composite formation in line with GIPS requirements?选项:
A.Affirmative. B.Negative, due to the inclusion of contrasting investment styles. C.Negative, owing to the exclusion of nondiscretionary accounts.解释:
Option B is correct. According to GIPS guidelines, a composite should consist solely of portfolios that follow a consistent investment strategy or mandate. By combining accounts with distinct strategies like value and growth, the composite does not adhere to GIPS standards of uniformity in investment approach.老师可以帮忙翻译一下题目吗