KARACHI - ABL Asset Management (ABL AMC) has successfully implemented the Global Investment Performance Standards (GIPS) for the performance presentation of funds under its management, says a press release. Developed by the CFA Institute headquartered in USA, GIPS are a set of ethical standards for the presentation and calculation of investment performance, designed to ensure fair representation and full disclosure of a fund managers performance information. ABL AMC strongly believes in employing international best practices for performance reporting to its clients and implementing GIPS will go a long way in serving this objective. Pakistan is amongst the 30 countries in the world to adopt GIPS, and ABL AMC is the second Asset Management Company to achieve GIPS Compliance in the mutual funds industry in Pakistan. For its clients, compliance with GIPS would mean access to complete, fair and transparent performance reporting. , which is in line with globally recognized presentation standards.