About Lesson
As discussed in the previous chapter, the GIPS standards provide a common benchmark against which the performance can be measured and increases consumer confidence.
Some of the objectives of GIPS standards are:
a. To establish best practices for calculating and presenting investment performance
b. To obtain a worldwide acceptance of a single standard based on fair representation and full disclosure
c. To promote the use of accurate and consistent investment performance data
d. To encourage fair global competition
e. To foster a notion of industry self-regulation