O'Reilly logo

Performance Evaluation and Attribution of Security Portfolios by Russ Wermers, Bernd R. Fischer

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 16

Global Investment Performance Standards (GIPS)

Abstract

This chapter deals with the Global Investment Performance Standards (GIPS). GIPS are ethical standards for the presentation of the results of investment firms. Firstly, the historical development which led to the GIPS in its current form is briefly described. Then the key characteristics of the standards are addressed: definition of the firm, definition of composites and the computation of composite returns. The chapter closes with a description of the most common dispersion measures and an overview of the provisions for the presentation of risk in the firm’s investments.

Keywords

Global Investment Performance Standards, ethical, results, investment, firm, composites, composite ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required