Reading 37 Overview of the Global Investment Performance Standards

Question 1

Why is GIPS needed

Answer 1

1. Standardized Investment Performance (calculation and presentation)
2. Global Passport - Compete for business on an equal footing, investor can compare investment performance among firms
3. Investor confidence - assure investors that the firm’s investment performance is complete and fairly presented

Question 2

Objective of GIPS

Answer 2

Voluntary and minimum standards for performance presentation