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 September, 2001 - 31 December, 2013
    Categories: Benchmarks
    Source: Investment Performance Council (IPC)

    According to GIPS, “The total return for the benchmark (or benchmarks) that reflects the investment strategy or mandate represented by the composite must be presented for the same periods for which the composite return is presented. If no benchmark is presented, the presentation must explain why no benchmark is disclosed”. If the firm does not believe presentation of a benchmark is appropriate, can the firm disclose this reasoning and satisfy the new requirement?

    Yes. This requirement leaves the choice and selection of an appropriate benchmark to the firm. If the firm determines that no benchmark is appropriate, the firm must disclose why no benchmark return is provided when presenting the performance of this composite.

    Please also see updated Q&A