Pls help with this: the Q
“36 Bugle Capital Advisors places an advertisement for its Targeted Maturity Composite in major newspapers on 30 April. The advertisement includes the GIPS Advertising Guidelines compliance statement and presents annualized composite and benchmark returns for the 1-year, 3-year, and 5-year periods ended 31 December. Does the advertisement satisfy the requirements of the GIPS Advertising Guidelines?
A Yes.
B No; it omits the period-to-date return.
C No; it omits five years of annual returns.”
The answer is B, but I thought it is A due to :
“Advertisements that state a claim of compliance and present performance must also present one of the following sets of total returns:
a one-, three-, and five-year annualized composite returns through the most recent period;
b period-to-date composite returns in addition to one-, three-, and five-year annualized composite returns through the same period of time as presented in the corresponding compliant presentation; or
c period-to-date composite returns in addition to five years of annual composite returns calculated through the same period of time as presented in the corre- sponding compliant presentation”
“36 Bugle Capital Advisors places an advertisement for its Targeted Maturity Composite in major newspapers on 30 April. The advertisement includes the GIPS Advertising Guidelines compliance statement and presents annualized composite and benchmark returns for the 1-year, 3-year, and 5-year periods ended 31 December. Does the advertisement satisfy the requirements of the GIPS Advertising Guidelines?
A Yes.
B No; it omits the period-to-date return.
C No; it omits five years of annual returns.”
The answer is B, but I thought it is A due to :
“Advertisements that state a claim of compliance and present performance must also present one of the following sets of total returns:
a one-, three-, and five-year annualized composite returns through the most recent period;
b period-to-date composite returns in addition to one-, three-, and five-year annualized composite returns through the same period of time as presented in the corresponding compliant presentation; or
c period-to-date composite returns in addition to five years of annual composite returns calculated through the same period of time as presented in the corre- sponding compliant presentation”