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
  • Archived

    Effective: 1 March, 2006 - 30 November, 2013
    Categories: Calculation Methodology
    Source: GIPS Handbook, 2nd Edition

    Firm ABC has the following quarterly returns for Composite FGH:

    Q1 Q2 Q3 Q4
    2000 2.3 (4.7) 6.9 3.2
    2001 (7.2) (2.9) 5.4 (8.0)

    Calculate the cumulative returns for the following time periods for Composite FGH:

    2000= ((1.023)x(0.953)x(1.069)x(1.032)-1)=.076; or 7.6%
    2001= ((0.928)x(.971)x(1.054)x(0.92)-1)= -0.126 or -12.6%

    18 months (from Q1 2000 through Q2 2001)=
    ((1.023)x(0.953)x(1.069)x(1.032) x(0.928)x(.971)-1)=-0.031 or -3.1%