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With respect to composites, GIPS requires that a firm: a) must include all its portfolios in at least one GIPSdefined composite. b) may define composites
With respect to composites, GIPS requires that a firm:
a) must include all its portfolios in at least one GIPSdefined composite.
b) may define composites itself as long as the classification is made ex ante.
c) should assign portfolios in composites based on their recent performance.
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