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Kazakhstan Society of Investment Professionals helps you get in touch with CFA Charterholders and CFA Candidates.

GIPS Country Sponsorship



The Global Investment Performance Standards® (GIPS) is a set of standardized, industry-wide ethical principles that guide investment firms on how to calculate and present their investment results to prospective clients.

The GIPS standards serve as the guidelines that investment managers should follow when reporting performance to prospective clients. The GIPS standards make it possible for investment managers around the world to “transport” their historical investment returns to other countries without having to restate these figures using different calculation and presentation rules. This not only creates an even playing field for firms but also gives current and potential clients more confidence in the integrity of the performance presentations as well as the general practices of a compliant firm.

The GIPS standards are administered globally through the thought-leadership and policy-setting arm of CFA Institute. The GIPS Executive Committee is a committee of CFA Institute responsible for the strategic development, promotion and implementation of the GIPS standards. The GIPS Technical Committee is responsible for technical oversight of the Standards, and its members represent key industry stakeholders and geographic regions.

The presence of local organizations to sponsor the effective implementation and on-going development of the GIPS standards is essential. Today, more than 35 GIPS country sponsors (and growing) provide an important link between the GIPS Executive and Technical Committees and local markets where investment managers operate. Country sponsors ensure that local interests are taken into account as the GIPS standards are developed going forward. Compliance with the GIPS standards is voluntary, but support from the country sponsors help drive the success of the Standards.

Kazakhstan Society of Investment Professionals is committed to promoting the GIPS standards locally. To represent the Kazakhstani market and provide input on the global development of the GIPS standards Kazakhstan Society of Investment Professionals seeks to be endorsed by the GIPS Executive Committee as a local GIPS Country Sponsor. National Bank of Kazakhstan already initiated 2-year action plan to make its asset management division GIPS compliant. KSIP has offered Astana International Financial Centre (AIFC) to become a co-sponsor in Kazakhstan Investment Performance Committee. KSIP jointly with AIFC is forming a Kazakhstan Investment Performance Committee to become an official GIPS Country Sponsor.

Who Should Adopt GIPS Standards?
Investment firms
Investment managers

Why Adopt GIPS Standards?
The GIPS standards
• Are a rigorous set of investment performance measurement standards adopted in 37 countries and recognized globally.
• Enable investors to directly compare one firm’s track record with another firm's record.
• Include composite presentation, improving transparency by eliminating survivorship biases, misrepresentations and historical data omissions.
• Evolve to address issues that arise in a dynamic investment industry.
• Incentive firms to invest significant time and resources into internal risk-control mechanisms and setting performance benchmarks — the hallmarks of reliable long-term success. (To claim compliance, an investment firm must demonstrate adherence to comprehensive rules governing input data, calculation methodology, composite construction, disclosures, and presentation and reporting.)

For more information, visit www.gipsstandards.org