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: 1 November, 2021

Categories: Carve-Outs

Source: GIPS Standards Technical Committee

If a firm carves out a portion of a portfolio, is it also required to carve out the rest of the portfolio? For example, we carve out the equity portion of balanced portfolios, synthetically allocate cash to the equity portion, and include the equity carve outs in an equity composite. Are we required to carve out the fixed income portion as well?

If a firm carves out a portion of a portfolio, it is not required to carve out other parts of the portfolio.

Q & A Database

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