Under CFA Institute performance presentation standards, all of the following are true except
A) all portfolios under management must be included in at least one composite.
B) portfolios no longer under management may be excluded from the historical record.
C) at least a ten year record of performance should be presented.
D) convertible securities should normally be treated as equity securities.

Question

Quizplus · Accepted Answer

Portfolios no longer under management should not be excluded from the historical record to ensure accuracy and integrity in performance reporting. The CFA Institute standards require that all actual, fee-paying, discretionary portfolios be included in at least one composite for the full period they are under management to provide a fair and complete representation of a firm's performance.

Under CFA Institute Performance Presentation Standards, All of the Following