AIMR-Performance Presentation Standards: Calculating Investment Performance

Calculating Investment Performance

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Question

According to the AIMR-Performance Presentation Standards, ________ must be used when calculating investment performance.

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A. B. C. D.

D

Total return, including realized and unrealized gains plus income, must be used when calculating investment performance. Portfolios must not be switched from one composite to another unlessdocumented changes in client guidelines make switching appropriate. This is a requirement for calculation of returns.