涉及的考点是什么

问题如下：

Which of the following is most likely to develop an investment recommendation for a security that may be suitable for an ESG-integrated portfolio?

选项：

A.A portfolio manager

B.A fundamental analyst

C.An asset owner

解释：

B is correct. Analysts (particularly fundamental analysts) present and justify investment recommendations for securities. Portfolio managers have a much broader scope. 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. The portfolio manager would then work to understand the aggregate risk at the portfolio level across all factors to understand correlation and event risks and potential shocks to the portfolio.