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JoyceZhou · 2024年05月08日

negative screening 算定量方法吗

NO.PZ2022072501000003

问题如下:

Qualitative analysts and portfolio managers seek to integrate their qualitative investment opinion by incorporating:

选项:

A.

Negative screening.

B.

Quantitative adjustments to financial models and valuations.

C.

Qualitative measures only.

D.

None of the above.

解释:

解析:

选项B正确。投资小组在做ESG定性分析时,通常会有三个程序。他们首先会分析ESG数据来形成自己的观点,然后将这些观点和财务分析结合起来,最后会将最终观点以量化的方式来调整财务模型中的假设,完成整合工作。

Qualitative ESG analysis typically involves three procedures.

First, investment teams analyse ESG data to form their opinion on the ability of the firm to manage certain ESG issues.

Second, they combine this opinion with their financial analysis by linking specific aspects of the company’s ESG risk management strategy to different value drivers (such as costs, revenues, profits and capital expenditure requirements.

Third, analysts and portfolio managers then seek to integrate their opinion in a quantified way in their financial models by adjusting assumptions used in the model, such as growth, margins or costs of capital.

如题

1 个答案

Tina_品职助教 · 2024年05月09日

嗨,努力学习的PZer你好:


负面筛选是一种常见的环境、社会和治理(ESG)投资策略,指的是从投资组合中排除那些不符合特定道德或可持续标准的公司或行业。例如,一个基于ESG原则的投资组合可能会排除涉及烟草、武器或严重污染环境的公司。负面筛选涉及对公司或行业的道德和可持续标准进行评估,这通常基于定性分析。投资者或基金经理需要决定哪些行业或公司的行为与他们的价值观不符。

Negative screening虽然涉及到实际的投资组合操作,但通常不被视为定量方法。定量方法通常指的是通过数学和统计模型来评估和决策,比如在财务模型中对各种财务指标进行量化调整。

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