单选题 Howard is trying to decide which of the following composite definitions, submitted by his junior analysts, would be considered a viable composite according to GIPS. Which composite will meet the Standards?

A. A composite that includes all accounts that are managed directly from the firm's Hong Kong office.
B. A composite that includes all actively managed portfolios but excludes passively managed portfolios.
C. A composite that includes all portfolios that are managed to provide a return approximately equal to that of the S&P Index.

【正确答案】 C

【答案解析】[解析] 根据GIPS标准，复合投资组合是指基于特定的投资目标或投资战略，将一组投资组合集合在一起而形成的金融产品。显然，将所有回报率大致等于标准普尔500指数的投资组合集合在一起所形成的金融产品符合上述关于复合投资组合的定义，因而选项C是正确的。由具有相同管理机构或管理风格的投资组合组成的金融产品并不符合复合投资组合的定义，因而选项A、B是不正确的。