Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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1 Result

  • Current

    Effective: 1 November, 2012
    Categories: Composite Changes
    Source: GIPS Handbook, 3rd Edition

    We are changing our investment process and the personnel involved in the management of a U.K. strategy. The risk and return objectives will be lower, and the process for managing the strategy will be predominantly based on a bottom-up stock selection approach as opposed to the previous top-down asset allocation approach. Does this require a change in composite?

    The firm must determine if the changes in investment process and personnel will result in a change in the investment strategy of the portfolios in the composite. If this will be a new investment strategy offered by the firm, a new composite must be started with a current composite creation date and no composite history. If the changes in process and personnel involved do not result in a change in investment strategy, the firm must not create a new composite, but must revise the composite description and composite definition where appropriate. The firm must clearly document its decision and rationale.

    Please also see original Q&A