According to the Global Investment Performance Standards (), which of the following statements is most accurat.e about composites used for performance presentation of a investment management firm()
A. Composites must include one or more portfolios managed to a similar investment strategy, objective or mandate.
B. Composites must include all discretionary and non-discretionary portfolios managed to a similar investment strategy, objective or mandate.
C. Composites must include all fee-paying and non-fee paying portfolios managed to a similar investment strategy, objective or mandate.