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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Effective

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1 Result

Archived

Effective: 1 March, 2006 - 31 December, 2019

Categories: Creation Date

Source: GIPS Executive Committee

Firm B claims compliance with the GIPS standards and presents performance since its inception on 1 January 1995. Initially, the firm grouped all of its portfolios into two composites, equity and fixed income. However, on 1 January 2002, the firm determines to divide the two composites into four smaller composites: Large-Cap Equity, Small-Cap Equity; Core Fixed Income, and Municipal Bonds. To create a historical record for each of the four new composites, the firm reallocates its portfolios into the four composites from 1995 through 2002. What should the firm disclose for the composite creation dates for the four new composites?

The composite creation date for the four new composites is 1 January 2002 even though the firm claimed compliance for several years and the assets were under management since 1995.