NO.PZ2022010501000006
问题如下:
Convenable Capital Management manages an equity portfolio for the Flender Company. Cash held in the portfolio is invested by Flender’s existing custodial bank. Must Convenable include cash and cash equivalents in the portfolio return calculations?
选项:
A.Yes
No, the cash is not invested by Convenable
No, Convenable does not have discretion over the selection of the custodian
解释:
A is correct.
现金和现金等价物的回报必须包括在所有回报计算中,即使公司不控制特定的现金投资。
The GIPS standards state, “Returns from cash and cash equivalents must be included in all return calculations, even if the firm does not control the specific cash investment(s).”
比如说中间存的活期存款收入或者货基收入。