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 - 31 October, 2012
    Categories: New Portfolios/Accounts
    Source: GIPS Handbook, 2nd Edition

    Firm A has two composites, a global government fixed income composite and an emerging market fixed income composite. Do the GIPS standards require new portfolios to be included at the same time for both of these composites?

    The GIPS standards require that firms establish a policy for including new portfolios in composites and apply the policy consistently within that composite. Different strategies may result in different time frames for inclusion based on the liquidity of the assets involved. While in most situations it is fairly easy to purchase and sell global government fixed income securities, emerging market debt may be more illiquid and therefore may initially require a longer period of time to implement the firm’s strategy. The global government fixed income composite might have a new portfolio inclusion policy with a shorter time frame relative to the emerging market fixed income composite.

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