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.

The GIPS Standards Helpdesk is available for individual questions and typically responds to inquiries within 3 business days.

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Effective

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1 Result

Archived

Effective: 1 November, 2012 - 31 December, 2019

Categories: Composite Construction

Source: GIPS Handbook, 3rd Edition

Can a firm include a single portfolio in more than one of the firm’s composites?

Yes. The GIPS standards require firms to include all actual, discretionary, fee-paying portfolios in at least one of the firm’s composites. If the portfolio meets the defined criteria for inclusion in more than one composite, the firm must include the portfolio in all of the firm’s appropriate composites. For example, a firm may have a large-cap composite and a large-cap growth composite. If the firm manages a portfolio that meets the criteria for inclusion in the large-cap composite as well as the large-cap growth composite, the firm must include the portfolio in both composites. When calculating total firm assets, firms are prohibited from double-counting assets. An asset must be counted only once, even if it is included in more than one composite.

Please also see original Q&A