NO.PZ2016032802000024
问题如下：
Genia Yveh, a portfolio manager who wants to construct a composite which complies with GIPS, the composite must :
选项：
A.add portfolios after the composite's performance calculation.
B.have all no-fee-paying portfolios.
C.add all fee-paying and discretionary portfolios which apply to the same strategy, mandate, or investment objective.
解释：
C is correct.
According to GIPS, a composite must determine the portfolios be added before the composite's performance calculation. And all fee-paying and discretionary portfolios should be included in the composite which have the same strategy, mandate, or investment objective.
我当时没有选C，是认为composite需要有同样的策略，目标，mandate
题干里说的是portfolio, 这样会不会有些不严谨，因为portfolio 是包含在composite里面。每个公司有很多portfolio和composite。
这样一来就是所有的都是同样的策略，目标，mandate
