【羿文寄语】当你还不能对自己说今天学到了什么东西时，你就不要去睡觉。

CFA考试Level Ⅰ

【单选题】

For a composite to be consdivucted in compliance with GIPS, the portfolios included in the composite must:

A.have been managed by the firm for the full performance reporting period.

B.be selected immediately after the last business day of the period for which the composite's performance will be presented.

C.include all fee-paying, discretionary portfolios that are managed according to the same sdivategy, mandate, or investment objective.

答案：C

【解析】To comply with GIPS, a composite must include all fee-paying, discretionary portfolios managed according to the same investment objective, strategy, or mandate.The composite or composites in which a portfolio will be included must be determined on an ex-ante basis (i.e., before the period for which the composite's performance will be calculated).A GIPS-compliant composite must include terminated accounts.