Performance Analytics Expert Group
The Performance Analytics Expert Group comprises a FSC Policy Manager, the Chair and representatives from the P Group.
The purpose of the Expert Group is to:
- promote the Global Investment Performance Standards (GIPS) within the Australian market,
- assess matters relevant to FSC Guidance Notes 1, 46 and 47,
- produce working papers for submission to industry associations and regulators, and
- set the agenda for P Group meetings.
Performance analysts and those involved with the GIPS standards and industry guidelines are encouraged to join the P Group as a forum to keep informed on performance issues and key developments.
Relevant FSC Guidance Notes (links)
Guidance Note 1: Global Investment Performance Standards
This Guidance Note aims to assist FSC members in following the global standard for the presentation of historical investment manager performance through the adoption of the Global Investment Performance Standards (GIPS).
Guidance Note 46: Investment Option Performance - Calculation of Returns
This guidance note's main purpose is to ensure consistency in the approach providers take to calculating the past returns of investment options. It provides standardised practices, procedures, and terminology relating to the calculation of Total, Growth, and Distribution Returns.
Guidance Note 47: Presentation of Past Performance Information and Visual Promotions
Further Information
This Guidance Note's objectives are to assist FSC members in presenting past performance information to promote their financial products and services and to provide guidance in interpreting and applying key principles.
The CFA Institute has also developed resources to assist in understanding the concepts and principles within the GIPS Standards.
These resources include handbooks that provide explanations of provisions within the standards and interpretations of compliance.
More information about the GIPS Standards and related resources can be found on the CFA Institute website.