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187****9326 · 2025年06月17日

没理解 为什么 diversification benefits 会降低

NO.PZ2024010508000025

问题如下:

Which of the following is not a reason for an asset owner to implement an exclusionary screening approach?

选项:

A.It reflects fundamental values of the asset owner’s beneficiaries. B.It improves the portfolio’s diversification benefits. C.It is the simplest approach to responsible investment.

解释:

B is correct. Exclusionary screening can result in unintended factor exposure that decreases the portfolio’s diversification. Asset managers are accordingly reluctant to adopt exclusions. Despite this, asset owners often seek out an exclusionary screening approach because it is a simple way of investing responsibly. The sectors that are excluded (e.g., “sin stocks”) often reflect the asset owner’s ethical preferences.

为什么 exclusionary screening 降低 diversification benefits,而不是提高,可否举例说明,谢谢

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