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Question

According to the AIMR-PPS, subsectors or carve-outs of larger international composites

Accepted Answer

may be used to create stand-alone composites only if the subsectors are actually managed as separate entities with their own cash allocations and currency management.

Answer

may be used to create stand-alone composites only if the subsectors are actually managed as separate entities, they need not have their own cash allocations or currency management.

Answer

may never be included in the composite with the parent company.

Answer

may never be used to create stand-alone composites under any circumstances.

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