【每日一练】CFA 一级(2015年)
Question:
According the GIPS standards, for periods beginning on or after 1 January 2011, the aggregate fair value of total firm assets most likely includes all:
A. fee-paying discretionary accounts.
B. fee- and non-fee-paying discretionary accounts.
C. fee- and non-fee-paying discretionary and non-discretionary accounts.
Answer = C
For periods beginning on or after 1 January 2011, total firm assets must include the aggregate fair value of all discretionary and non-discretionary assets managed by the firm. This includes both feepaying and non-fee-paying portfolios.
CFA Level I
"Global Investment Performance Standards (GIPS)"
GIPS Requirement 0.A.13

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