NO.PZ2022010601000005
问题如下:
F manages the securities investment portfolio for company G. The cash held in the investment portfolio is invested by the existing custodian bank of Company G, that is, F does not control this cash investment. Does F have to include cash and cash equivalents in the calculation of portfolio returns?
选项:
A.Yes
No, the cash is not controlled by F
No, F does not have discretion over the selection of the custodian
解释:
A is correct.
The GIPS standards state, “Returns from cash and cash equivalents must be included in all return calculations, even if the firm does not control the specific cash investment(s).”
现金和现金等价物的回报必须包括在所有回报计算中,即使公司不控制特定的现金投资。
custody 公司不是由G指定的么,F没权决定在哪托管,不是不应该算进asset里面吗