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fssjyb · 2024年02月25日

选项A

NO.PZ2022120701000076

问题如下:

Which of the following statements best describes discretionary ESG investment strategies?

选项:

A.Discretionary investment strategies impose a custom index with ESG exclusion criteria

B.Discretionary investment strategies complement bottom-up financial analysis with consideration of ESG factors

C.Discretionary investment strategies are rules-based approaches to drive securities selection in ESG integrated portfolio construction

解释:

Discretionary ESG investment strategies most commonly take the form of a fundamental portfolio approach A portfolio manager would work to complement bottom-up financial analysis alongside the consideration of ESG factors to reinforce the investment thesis of a particular holding

您好,老师,选项A也是esg整合涉及的投资方法吧,它和自主投资以及量化投资是什么逻辑关系?

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已采纳答案

净净_品职助教 · 2024年02月25日

嗨,努力学习的PZer你好:


选项A所描述的投资方法确实是ESG整合的一种形式,它侧重于通过排除标准来过滤掉不符合特定ESG准则的投资。这种方法属于ESG投资的一种被动策略,因为它通常涉及到跟踪一个已经排除了某些股票或债券的指数。

与选项A描述的方法相比,自主投资策略(Discretionary investment strategies)和量化投资策略(Quantitative investment strategies)是ESG投资的两种不同途径,更偏向于主动投资:

  1. 自主投资策略:这种策略强调投资经理的主观判断,在投资决策过程中结合了底层的财务分析和ESG因素的考量。这是一种更加主动的投资方式,允许投资经理根据对市场的理解和对特定ESG因素的分析来选择投资标的。这种策略的关键在于个别投资标的的深入分析和选择。
  2. 量化投资策略:量化策略通常依赖于固定的模型和算法来识别投资机会,这可以包括ESG因素的量化评分和排名。量化策略试图通过应用数学模型来系统化地整合ESG数据,以发现可能影响投资回报的模式和关系。这种方法较少依赖于人的判断,更多依赖于数据和计算。


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