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Basic Question 0 of 23
The GIPS standards require that ______
II. benchmarks should be selected after the fact.
III. composites should be created on an ex-ante basis.
IV. composites should be created after the fact.
I. benchmarks should be selected on an ex-ante basis.
II. benchmarks should be selected after the fact.
III. composites should be created on an ex-ante basis.
IV. composites should be created after the fact.
User Contributed Comments 5
| User | Comment |
|---|---|
| omya | Benchmarks n composites should both be selected ex ante basis... |
| nabilhjeily | what do we mean by benchmarks here |
| johntan1979 | Benches with marks on them |
| abellochs | good one |
| Kennyk11 | Ex ante literally means "before the event(fact)" in Latin. This is so that no one can have an unfair advantage since everybody is on the same boat before the event occurs. http://www.investopedia.com/terms/e/exante.asp |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
calculate and interpret the mean, variance, and covariance (or correlation) of asset returns based on historical data
calculate and interpret portfolio standard deviation
describe the effect on a portfolio's risk of investing in assets that are less than perfectly correlated
CFA® 2026 Level I Curriculum, Volume 2, Module 1.