Chapter 4: Introduction to the Global Investment Performance Standards (GIPS)

In this section

• Purpose, Scope, and Historical Context of GIPS
  Purpose, Scope, and Historical Context of GIPS (CFA Level 1): Origins in the 1980s and 1990s, Why Standardization Was Needed, and Purpose and Scope. Key definitions, formulas, and exam tips.
• Key Concepts and GIPS Fundamentals
  Key Concepts and GIPS Fundamentals (CFA Level 1): Core Principles of GIPS, Accurate Input Data, and Personal Anecdote. Key definitions, formulas, and exam tips.
• Composites: Construction and Usage in Reporting
  Composites: Construction and Usage in Reporting (CFA Level 1): What Are Composites?, Key Elements in Composite Construction, and Defining Mandates, Objectives, or Strategies. Key definitions, formulas, and exam tips.
• GIPS Compliance and Verification
  GIPS Compliance and Verification (CFA Level 1): Defining GIPS Compliance, Why Internal Controls Matter, and Common Internal Control Elements. Key definitions, formulas, and exam tips.
• Benefits and Challenges of GIPS Adoption
  Benefits and Challenges of GIPS Adoption (CFA Level 1): Key Benefits of GIPS Compliance, Differentiation in a Competitive Market, and Building Trust with Clients. Key definitions, formulas, and exam tips.
• Case Studies on GIPS for Emerging Market Firms
  Case Studies on GIPS for Emerging Market Firms (CFA Level 1): Key Challenges for GIPS Compliance in Emerging Markets and Regulatory Landscape and Data Reliability. Key definitions, formulas, and exam tips.