IMAS launches e-learning investment module for GIPS 2020 edition
Helene Tian
THE Investment Management Association of Singapore (IMAS) on Thursday (Jun 2) launched an e-learning training module on the 2020 edition of the Global Investment Performance Standards (GIPS).
The 1-hour module educates asset managers on how to calculate and present investment performance ethically, based on the principles of fair representation and full disclosure.
It also notes key changes from the previous 2010 edition.
The module is accessible on IMAS’s iLearn portal, and eligible participants can receive up to a 90 per cent subsidy fee under the financial training scheme from the Institute of Banking and Finance Singapore, said IMAS in a press statement.
As the Singapore country sponsor for the GIPS standards, IMAS promotes and oversees the progress of the GIPS standards in the Republic.
“We believe in deepening the investment management industry’s capabilities and empowering them to embrace transparency and industry-wide comparability,” said chief executive officer at IMAS, Carmen Wee.
The GIPS are voluntary industry standards developed and maintained by CFA Institute, a global association of investment professionals that aims to provide transparency and global comparability in a world where regulations and market practices differ greatly from jurisdiction to jurisdiction.
IMAS expects asset managers who adopt the GIPS will present their investment performance in a complete and fairly-presented manner. It also says asset owners can be certain that the data presented to their oversight body is consistent and transparent.
The GIPS are adopted and implemented by 24 of the top 25 asset management firms, with over 1,800 organisations in 48 markets complying with the standards.
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