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Basic Question 6 of 7

The GIPS standards require that ______

I. benchmarks should be selected on an ex-ante basis.
II. benchmarks should be selected after the fact.
III. composites should be created on an ex-ante basis.
IV. composites should be created after the fact.

User Contributed Comments 5

User Comment
omya Benchmarks n composites should both be selected ex ante basis...
nabilhjeily what do we mean by benchmarks here
johntan1979 Benches with marks on them
abellochs good one
Kennyk11 Ex ante literally means "before the event(fact)" in Latin. This is so that no one can have an unfair advantage since everybody is on the same boat before the event occurs.

http://www.investopedia.com/terms/e/exante.asp
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Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

describe the key concepts of the GIPS Standards for Firms

CFA® 2024 Level I Curriculum, Volume 6, Module 4.