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潔 · 2024年05月17日

需要解释下

NO.PZ2022120703000068

问题如下:

Adjusting duration is an ESG integration technique most likely applied to:

选项:

A.bonds. B.public equity. C.private equity.

解释:

A is correct because "the elements of ESG integration include: … adjusting credit risk and duration." Further, "historically, corporate bond practitioners adapted to meet their needs the materiality and sustainability frameworks as well as ESG techniques used by equity investors. More recently, newer techniques specifically focused on bonds have been used. This is because bonds differ by: … duration."

B is incorrect because "historically, corporate bond practitioners adapted to meet their needs the materiality and sustainability frameworks as well as ESG techniques used by equity investors. More recently, newer techniques specifically focused on bonds have been used. This is because bonds differ by: … duration."

C is incorrect because "historically, corporate bond practitioners adapted to meet their needs the materiality and sustainability frameworks as well as ESG techniques used by equity investors. More recently, newer techniques specifically focused on bonds have been used. This is because bonds differ by: … duration."

不太理解,需要解释下

1 个答案

净净_品职助教 · 2024年05月17日

嗨,爱思考的PZer你好:


  1. 久期的定义
  • 久期(Duration)是衡量债券价格对利率变化敏感程度的指标。久期越长,债券价格对利率变化越敏感。因此,久期是债券投资中一个重要的风险管理工具。
  1. ESG整合技术在债券中的应用
  • 在债券投资中,调整久期是管理信用风险和市场风险的关键方法之一。ESG整合技术包括对信用风险和久期的调整。例如,如果一个公司的ESG评分较差,投资者可能会选择缩短久期以减少风险暴露。
  • 公共股票和私募股权并不涉及久期的概念,因为久期是特定于债券的一个指标。因此,调整久期作为ESG整合技术主要应用于债券,而不是公共股票或私募股权。



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