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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Archived

Effective: 1 March, 2006 - 31 October, 2012

Categories: Dispersion

Source: GIPS Handbook, 2nd Edition

As of 31 December 2000, Firm B has 18 portfolios in its Aggressive Growth composite, which earned 22.4% for the year. However, the composite lost three portfolios and gained 5 portfolios during the year. Which portfolios would firm B use to calculate a dispersion measure for the composite?

Firm B would calculate a dispersion measure using only those 13 portfolios that were included in the composite for the full year.

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