NO.PZ2016031101000018
问题如下:
Which statement most accurately expresses a requirement of the GIPS standards?
选项:
A. Non-fee-paying portfolios must not be included in composites.
B. All actual fee-paying discretionary portfolios must be included in at least one composite.
C. All actual fee-paying discretionary portfolios must be included in one and only one composite.
解释:
B is correct.
Provision I.3.A.1 states, "All actual, fee-paying, discretionary portfolios must be included in at least one composite. Although non-fee-paying discretionary portfolios may be included in a composite (with appropriate disclosure), non-discretionary portfolios must not be included in a firm’s composites." (See Section 3.7 of the reading.)
为什么可以包括在不同composite里?可以举个例子吗?