为什么B选项不对呢？

NO.PZ2022010501000010 问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis. B.when the assets are substantially investe C.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定，“在管理每个组合后，Composites 必须及时且一致地包括新组合。”在这种情况下，根据composite策略，预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准，其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如，Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始，将新的投资组合包括在Composite中。 能中文下这个题目的题干么，没看懂，什么BANK LOAN~~

NO.PZ2022010501000010问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis.B.when the assets are substantially investeC.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定，“在管理每个组合后，Composites 必须及时且一致地包括新组合。”在这种情况下，根据composite策略，预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准，其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如，Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始，将新的投资组合包括在Composite中。 是不是C的beginning of full perio而不是next full perio

NO.PZ2022010501000010 问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis. B.when the assets are substantially investe C.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定，“在管理每个组合后，Composites 必须及时且一致地包括新组合。”在这种情况下，根据composite策略，预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准，其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如，Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始，将新的投资组合包括在Composite中。 这边老师讲义有提到业绩的放入要即时, 同时也有讲到新的业绩加入时, 要在下个完整业绩计算周期才放入composite, 这边有点疑惑, a和c这两个如何去做区分比较好?

NO.PZ2022010501000010问题如下 A charitable fountion transfers securities in kinto Taurus Asset Management Lt to funa new bank loportfolio. Taurus estimates thafter liquiting the transferresecurities, it will take five months to invest the fountion’s assets in bank loans. Whistatement best scribes a requirement of the GIPS stanr? Taurus must inclu the fountion’s portfolio in the appropriate composite: A.on a timely anconsistent basis.B.when the assets are substantially investeC.of the beginning of the next full measurement perio A is correct. The GIPS stanr state, “Composites must inclu new portfolios on a timely anconsistent basis after eaportfolio comes unr management.” In this case, it is expecteto take extenperioto invest the new client’s assets in accornwith the composite strategy. Assuming Taurus complies with the GIPS stanr, its cumentepoliwoulprovi for the inclusion of new bank loportfolios in the composite on a timely basis. For example, Taurus’s polimrequire new portfolios to incluin the composite of the first full measurement perioththe assets are fully investe Taurus must apply its policonsistently. GIPS 标准规定，“在管理每个组合后，Composites 必须及时且一致地包括新组合。”在这种情况下，根据composite策略，预计需要较长时间来投资新客户的资产。假设 Taurus 符合 GIPS 标准，其书面政策将规定及时将新的银行贷款组合纳入Composites 。例如，Taurus 的政策可能要求从资产被完全投资的第一个完整计量期开始，将新的投资组合包括在Composite中。 所以发生大笔现金流（下图）时需要单独建仓，直到reinvestment完成，这个规则只适用于outflow不适用于inflow吗？我理解题目意思是，有一大笔钱要转入，需要五个月的时间来投出去所以需期间给他单独建仓