Media Release
The Investment Management Association of Singapore has launched a training module on the 2020 edition of the Global Investment Performance Standards (GIPS®). On the back of the release of the 2020 GIPS Standards, the one-hour e-learning module educates asset managers on ethical standards for calculating and presenting investment performance based on the principles of fair representation and full disclosure, as well as key changes from the previous 2010 edition of the GIPS Standards.
The GIPS standards are developed and maintained by CFA Institute, a global association of investment professionals that sets the standard for professional excellence and credentials, as well as a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. The GIPS standards are voluntary industry standards that provide transparency and global comparability in a world where regulations and market practices differ significantly from jurisdiction to jurisdiction.
“We are grateful for the ongoing support from IMAS to promote the GIPS Standards through creative use of innovative learning tools. We have always had a shared mission with IMAS, to promote ethics, market integrity, and professional standards of practice in the asset management industry, all of which ultimately benefit investors,” said Karyn Vincent, CFA, CIPM, Senior Head, Global Industry Standards and GIPS Standards Executive Director
IMAS is the Singapore Country Sponsor for the GIPS standards and is responsible for promoting and furthering the progress of the GIPS standards in Singapore. IMAS strongly encourages all its members to comply with the GIPS standards and undergo verification.
“IMAS continues to work closely with the investment management community to promote and further the progress of the GIPS Standards in Singapore. We believe in deepening the investment management industry’s capabilities and empowering them to embrace transparency and industry-wide comparability,” said Carmen Wee, Chief Executive Officer at IMAS.
The GIPS Standards module is available on IMAS’s iLearn portal – an online training portal. During the one-hour long session, participants will learn the key principles underlying the GIPS Standards, plus the key changes and updates. The module is recognized under the Financial Training scheme from the Institute of Banking and Finance Singapore, allowing eligible participants to receive subsidies of up to 90% of the fees.
“Consistent with IMAS’s long-standing role as champion of best practices in investment management and specifically performance reporting; and as a champion of continuous education of our members and the wider investment community, I am very pleased to announce the launch of this new module,” said Trevor Persaud, Chairman of IMAS Risk and Performance Committee (RPC), and Head of Group Investment Strategy and Solutions, AIA Group Limited. “This module represents the collaboration between the IMAS RPC, IMAS Secretariat and CFA Institute and I’m grateful for the extensive efforts of all involved in creating this outstanding learning tool.”
The GIPS standards are adopted and implemented by 24 of the top 25 asset management firms. Over 1,800 organizations in 48 markets comply with the GIPS standards.
By adopting the GIPS standards, asset managers can ensure that their investment performance is complete and fairly presented. Asset owners can also be confident that the data presented to their oversight body is consistent and transparent.
“I am very excited for the launch of the learning module that IMAS developed. It will benefit anyone who wants to learn about the GIPS standards and understand the foundational concepts in a fun and interactive way. This training course is highly relevant for anyone who wants to excel in the asset management industry,” said Eddie Chan, CFA, CIPM, Director, Professional Conduct Enforcement & Global Industry Standards.
Register for the GIPS standards learning module by visiting: https://imas.org.sg/ilearn/index.php/main/details/29
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About the Investment Management Association of Singapore (IMAS)
Representing over 150 investment managers with over trillions of assets under management, the Investment Management Association of Singapore (IMAS) seeks to set the benchmark for the investment and fund management industry in Singapore by fostering high standards and professionalism while promoting exemplary practices among its members. IMAS is the representative body of investment managers spearheading the development of the industry in Singapore. It serves as a forum for members in discussions as well as a collective voice where representation is needed on behalf of the investment management industry, facilitating training for its members, and contributing towards investor education.
For all media queries, please contact:
Chi-an Chang
Financial PR
T: 6438-2990
E: IMAS@financialpr.com.sg
