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Global Investment Performance Standards

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

History of GIPS

The GIPS standards were based on and preceded in North America by the AIMR Performance Presentation Standards (AIMR-PPS). The AIMR-PPS standards were created in 1993 by AIMR, the predecessor to CFA Institute.

On 4 February 2005, the CFA Institute Board of Governors approved the revised GIPS standards, which created a single global standard of investment performance reporting and increased minimum standards worldwide. The revised GIPS standards represent the most comprehensive and significant upgrade since their introduction in 1999.

Find out more about the history of the GIPS standards and get AIMR-PPS resources.

Adopting the GIPS standards and the Role of CFA Institute

CFA Institute created and administers the GIPS standards and partners with local country sponsors around the world to promote the GIPS standards. The success of the Standards is the result of an alliance among experts within the global investment industry and partnerships with country sponsors. CFA Institute, through its North American Investment Performance Committee (NAIPC), is the country sponsor of the GIPS standards for the United States and Canada.