Reading 35. Overview Of The Global Investment Performance Standards
　　The candidate should be able to:
　　f. explain the meaning of “discretionary” in the context of composite construction and, given a description of the relevant facts, determine whether a portfolio is likely to be considered discretionary;
　　g. explain the role of investment mandates, objectives, or strategies in the construction of composites;
　　h. explain the requirements and recommendations of the GIPS standards with respect to composite construction, including switching portfolios among com posites, the timing of the inclusion of new portfolios in composites, and the timing of the exclusion of terminated portfolios from composites;
　　i. explain the requirements of the GIPS standards for asset class segments carved out of multi- class portfolios;
　　
　　　　
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