Saudi CFA Society is endorsed as GIPS country sponsor

The GIPS Executive Committee (a standing committee of the CFA Institute) has officially endorsed CFA Society Saudi Arabia as the Saudi Arabia GIPS Country Sponsor, bringing the total number of endorsed GIPS Country Sponsors to 39.

GIPS, which stand for Global Investment Performance Standards, are a practitioner-driven set of ethical principles that establish a standardized, industry-wide approach for investment firms to follow in calculating and presenting their historical investment result to prospective clients.

Any investment management firm that actually manages assets may choose to comply with GIPS. That would allow them to avoid misrepresentations of performance and communicate all relevant information that prospective clients should know in order to evaluate past results.