2013年mock1的58题
原文描述是：（GIPS的一个说明段）
gross of fees returns are presented before investment management fees and custodial fees but after trading expenses,All clients pay an investment management flat fee of 75 basis points on the month-end account value plus a 10 basis point performance whenever the composite return exceeds the benchmark return by 100 basis points.
问你错误的是哪个
A custodial fees B performance fees C trading expenses
答案选的是A
但是按照我的理解，原文意思是，gross of fees 是before management fee 和custodial fee ，然后after trading expense，跟讲义上写的一毛一样，感觉没毛病啊。。。。求解答~~谢谢老师
