GIPS - Minimum size (Market impact)

CFA Level III
#1

If the market movement makes the portfolio below the composite defined min size, should the portfolio be excluded from composite?

#2

Yes. Question 17 in CFA reading 33 is similar. There answer is: ‘The portfolio must be removed from the composite when the portfolio’s assets fall below the minimum, and eturn it to the composite when it once again qualifies for inclusion.’

#3

Thanks a lot!

#4

It should be long term. A temporary dip does not call for removal.

#5

But based on Question 17 in CFA reading 33, we must remove it…