CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

The GIPS standards require that ______

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.
Correct Answer: I and III

This is to ensure the integrity of input data.

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
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