page 21, the answer to the first statement is correct. But according to the GIPS statement in the volumn 1 pg 145 2.A.2: For period beginning Jan 1 2005, firms must use approximated rates of return that adjust for “daily weighted” external cashflow. In the vignette, it is used as “monthly weights”. Are they considered the same thing?
I saw this too, but nothing on the errata.