开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

小朱沛奇 · 2023年03月16日

但私募股权与公共股权的不同是,不能通过跟随一个基准的方式投资。

NO.PZ2022120703000089

问题如下:

Which of the following ESG strategies is least likely used by private equity firms?

选项:

A.Positive screening

B.Thematic investing

C.Negative screening

解释:

C is correct because "like other investor types, private equity investors may certainly impose exclusionary screening i.e. negative screening on any number of criteria to restrict investment in certain sectors, either normatively or ethically defined. However, private equity investors do not have the benefit of the breadth and diversity of indices and benchmarks of the listed equities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts around ESG criteria. However, portfolio managers can benchmark segments of the portfolio against smaller investment universes, even including public companies, if data comparability exists. Hence, it is more likely that the GPs may apply some form of positive screening or thematic focus within their respective investment charter"; and least likely that they would use negative screening.

A is incorrect because "private equity investors do not have the benefit of the breadth and diversity of indices and benchmarks of the listed equities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts around ESG criteria … Hence, it is more likely that the GPs may apply some form of positive screening or thematic focus within their respective investment charter."

B is incorrect because "private equity investors do not have the benefit of the breadth and diversity of indices and benchmarks of the listed equities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts around ESG criteria … Hence, it is more likely that the GPs may apply some form of positive screening or thematic focus within their respective investment charter."

這句話怎麼理解?為什麼?謝謝

1 个答案

净净_品职助教 · 2023年03月19日

嗨,从没放弃的小努力你好:


主要原因在于私募股权没得选。

PE主要投资的是非上市公司的股票,因为没有上市,所以流通差、透明度低,市面上基本没有什么可供做被动投资的私募股权指数,不像公开发行的股票,各种指数可供投资者选择,投资者可以根据指数构成来搭建自己的投资组合,剔除ESG做的不好的公司,采用负面筛选。

没有私募股权的指数,就没办法被动投资,跟踪指数,也就没办法采用负面筛选了。

----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 2

    关注
  • 352

    浏览
相关问题

NO.PZ2022120703000089 问题如下 Whiof the following ESG strategies is least likely useprivate equity firms? A.Positive screening B.Thematic investing C.Negative screening C is correbecause \"like other investor types, private equity investors mcertainly impose exclusionary screening i.e. negative screening on any number of criteria to restriinvestment in certain sectors, either normatively or ethically fine However, private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteriHowever, portfolio managers cbenchmark segments of the portfolio against smaller investment universes, even inclung public companies, if ta comparability exists. Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter\"; anleast likely ththey wouluse negative screening.A is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\"B is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\" 如果最不可能采用negative screening, 是因为PE投资缺乏数据披露,透明度等等,那么同样需要采用数据披露的possitive screening 同样也没办法采用啊?如果说会采用正面筛选,选择ESG表现好的公司去投,披露不足的情况下,谁知道你做得好不好呢,同理,也不知道你做得不好。所以对于PE来说,不知道C和A的最本质区别到底在哪里

2024-11-09 22:05 1 · 回答

NO.PZ2022120703000089 问题如下 Whiof the following ESG strategies is least likely useprivate equity firms? A.Positive screening B.Thematic investing C.Negative screening C is correbecause \"like other investor types, private equity investors mcertainly impose exclusionary screening i.e. negative screening on any number of criteria to restriinvestment in certain sectors, either normatively or ethically fine However, private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteriHowever, portfolio managers cbenchmark segments of the portfolio against smaller investment universes, even inclung public companies, if ta comparability exists. Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter\"; anleast likely ththey wouluse negative screening.A is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\"B is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\" 感觉A和C的非常牵强。A为什么“并不妨碍”,可以举例子吗?C排除性筛选时,为什么一定要用指数和基数,排除性筛选的时候,本身就很大程度上是基于道德或信仰。对于某公司或行业,虽然缺少信息披露,但是就是直接排除呀。否则,那不就是反向的积极筛选。请举例子。

2024-09-15 20:09 1 · 回答

NO.PZ2022120703000089 问题如下 Whiof the following ESG strategies is least likely useprivate equity firms? A.Positive screening B.Thematic investing C.Negative screening C is correbecause \"like other investor types, private equity investors mcertainly impose exclusionary screening i.e. negative screening on any number of criteria to restriinvestment in certain sectors, either normatively or ethically fine However, private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteriHowever, portfolio managers cbenchmark segments of the portfolio against smaller investment universes, even inclung public companies, if ta comparability exists. Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter\"; anleast likely ththey wouluse negative screening.A is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\"B is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\" 这题不是很理解,请说明下

2024-05-24 09:13 1 · 回答

NO.PZ2022120703000089问题如下 Whiof the following ESG strategies is least likely useprivate equity firms? A.Positive screeningB.Thematic investingC.Negative screening C is correbecause \"like other investor types, private equity investors mcertainly impose exclusionary screening i.e. negative screening on any number of criteria to restriinvestment in certain sectors, either normatively or ethically fine However, private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteriHowever, portfolio managers cbenchmark segments of the portfolio against smaller investment universes, even inclung public companies, if ta comparability exists. Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter\"; anleast likely ththey wouluse negative screening.A is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\"B is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\" 另外,怎么区分positive screening和negative的呢?

2024-05-05 14:25 4 · 回答

NO.PZ2022120703000089问题如下 Whiof the following ESG strategies is least likely useprivate equity firms? A.Positive screeningB.Thematic investingC.Negative screening C is correbecause \"like other investor types, private equity investors mcertainly impose exclusionary screening i.e. negative screening on any number of criteria to restriinvestment in certain sectors, either normatively or ethically fine However, private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteriHowever, portfolio managers cbenchmark segments of the portfolio against smaller investment universes, even inclung public companies, if ta comparability exists. Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter\"; anleast likely ththey wouluse negative screening.A is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\"B is incorrebecause \"private equity investors not have the benefit of the breah anversity of inces anbenchmarks of the listeequities space, limiting opportunities for peer comparability analysis or portfolio optimization efforts arounESG criteria … Hence, it is more likely ththe GPs mapply some form of positive screening or thematic focus within their respective investment charter.\" 本题为什么不能选A?未上市股票公司为什么不能用负面筛选投资策略?

2024-02-21 09:55 2 · 回答