NO.PZ2019012201000003
问题如下：
The alibaba fund invests primarily in all US and European companies and industries with good environmental, social and governance ratings (ESG), particularly excluding companies with tobacco and arms-related products or services. The alibaba Fund’s approach to the tobacco and arms-related products or services industry is best described as:
选项：
A.best-in-class.
B.negative screening.
C.impact investing.
解释：
B is correct.
考点：ESG Investment
解析：alibaba基金避免投资于烟草和军火行业的公司，这是一个负面筛选的过程。负面筛选是指在基金做投资决策时排除那些业务偏离某种既定标准的公司，如从事危害健康、威胁和平等领域的公司。
AC选项是什么意思，以及分别的例子。谢谢～～
