Ethical and Professional Standards Q138
- A
Presenting performance for time periods irrespective of performance in such a way that it enhances comparability with other firm’s results.
- B
Selecting all portfolios while presenting the firm’s investment results for a specific mandate.
- C
Excluding portfolios with poor performance that no longer exist.
- Option : C
- Explanation : Excluding portfolios with poor performance is known as survivorship bias – an often seen misleading practice.
