单选题 Advisors, Inc. , is in the process of adopting the Global Investment Performance Standards (GIPS). The managers of the firm are combining the results of fee - paying discretionary portfolios into composites for reporting purposes. For purpose of comparison, each fee - paying discretionary portfolio must be included in at least:
  • A. two composites.
  • B. one composite.
  • C. three composites.
【正确答案】 B
【答案解析】A composite is a group of portfolios with similar investment strategies and objectives. The grouping is done so a comparison can be done between the portfolios in each composite. A portfolio must be included in at least one composite for compliance with the GIPS.