CFA® Level 1: AIMR-PPS and Composite Definitions

AIMR-PPS and Composite Definitions

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Question

According to the AIMR-PPS, all actual fee-paying discretionary portfolios must be included in at least one composite defined according to

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A. B. C. D.

Explanation

All fee-paying discretionary portfolios must be included in at least one composite defined according to similar strategy or investment objective. This is a requirement for creation and maintenance of composites.