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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/esg-focused-financial-products
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课程名称：以ESG为中心的金融产品 课程概述：随着ESG投资的不断发展，许多公司、组织和政府用于融资其既定目标的资金机制也随之演变。ESG关注的金融产品，或称“绿色资产”，在数量和种类上均在增长。在固定收益领域，投资者可选择的工具包括绿色债券、社会债券、可持续性挂钩债券、气候意识债券、性别债券等，还有日益增长的ESG主题交易所交易基金（ETFs）。通过一系列视频、网络研讨会和阅读材料，具备传统金融产品（如债券、ETFs）基础知识的学生将学习到绿色资产的各类特征，包括绿色债券的供需和表现，以及某些ESG主题ETF的持有情况，并讨论相关资金流动的最近增长。他们还应该能够解释不同ESG相关固定收益产品发行背后的原则和框架，并提供对某些政府和中央银行政策可能在这一领域面临的关键挑战的见解。 课程大纲： 1. **绿色资产简介** - 本模块聚焦于多种绿色资产，包括绿色债券和社会债券，以及国际资本市场协会（ICMA）在其发行中的指导原则。学生应能够解释这些工具的销售者及其固有的固定收益相关风险，并介绍其他绿色资产，如ESG主题ETFs和某些商品。 2. **固定收益产品视角 - Truvalue Labs（第1-3部分）** - 由FactSet旗下Truvalue Labs的ESG产品副主任James Cardamone主持的网络研讨会“GSSS债券的全球现状”深入探讨ESG投资相关的金融工具，并提供对绿色、社会、可持续及可持续性挂钩债券的分析方法，以便做出更为明智的投资决策。 3. **固定收益产品视角 - Truvalue Labs（第4-5部分）** - 研讨会继续探讨绿色债券的表现、“绿色溢价”效应，并深入评估绿色债券发行人及其在二级市场中的表现。 4. **固定收益产品视角 - Truvalue Labs（第6-7部分）** - 研讨会回应参与者关于ESG评分及绿色洗衣（greenwashing）的问题，这些主题将在后续课程中进一步探讨。 5. **ESG主题交易所交易基金** - 接下来的系列视频将介绍ESG主题ETFs，这一可持续相关资产类别，由ETFguide创始人Ron DeLegge进行概述，分析标准的多样性，并介绍四种资产量最大的美国上市ETF，为你的研究提供起点。随后，与两位分析师一起比较分析iShares和Vanguard的三种基于指数的ESG聚焦ETFs，探讨其费用、曝光策略、表现等，并展示如何运用这些分析策略进行投资决策。 6. **阅读强化** - 本模块的阅读材料聚焦于不同类型ESG相关固定收益产品的基础原则，分析特定债券，以及探讨某些政府政策对绿色资产供应、产品多样性和资金流动的影响，同时提供有关绿色债券的某些关键挑战的评论和研究，以帮助学生进行更全面的分析。
Name:An Introduction to Green Assets
Description:This module centers on several types of green assets, including green bonds and social bonds, and the International Capital Market Association’s (ICMA) role in providing the driving principles behind their issuance. You should be able to explain who is selling these instruments, as well as some of the fixed-income related risks inherent in these types of products. Other green assets such as ESG-themed ETFs, and certain commodities are also introduced.
Name:Fixed Income Product Perspectives - Truvalue Labs (Parts 1-3)
Description:This webinar, “The Global State of GSSS Bonds”, presented by James Cardamone, associate director of ESG product at FactSet-owned Truvalue Labs, takes a deeper look at some of the financial instruments associated with ESG investing – many of which have recently witnessed an increasing groundswell of supply and demand. Through this presentation, you should acquire a better picture of ESG-related fixed income products, such as green, social, sustainable, and sustainability-linked bonds, how to analyze them, and, ultimately, make better informed investment decisions. Among other topics, Cardamone explores the allure behind these fixed-income products, who is selling and buying them, how they differ from conventional bonds, and what purposes they serve within the ESG investing sphere.
Name:Fixed Income Product Perspectives - Truvalue Labs (Parts 4-5)
Description:“The Global State of GSSS Bonds” webinar continues with James Cardamone, associate director of ESG product at FactSet-owned Truvalue Labs, demonstrating green bond performance, the ‘greenium’ effect, and delves further into how to evaluate green bond issuers, as well as analyze their performance in the secondary market.
Name:Fixed Income Product Perspectives - Truvalue Labs (Parts 6-7)
Description:“The Global State of GSSS Bonds” webinar continues with James Cardamone, associate director of ESG product at FactSet-owned Truvalue Labs, addressing participants' questions about ESG scoring, and green washing – topics that will also be echoed in later lessons.
Name:ESG-themed Exchange-traded Funds
Description:The next series of videos introduces you to ESG-themed ETFs, another asset class in the sustainability-related space, including a broad overview by Ron DeLegge, founder of ETFguide and host of the series ETF Battles. In that introduction, DeLegge offers insights into how standards vary across these products, as well as presents four of the top US-listed ETFs by assets, which may be used to begin your research. DeLegge is then joined by two analysts, who compare and contrast three index-based, ESG-focused ETFs from iShares and Vanguard – with their evaluations formed on the bases of cost, exposure strategy, performance, and more – demonstrating how you can follow their analytical strategies for your own investing decisions.
Name:Reading Reinforcements
Description:Readings in this module home in on the principles underlying different types of ESG-related fixed income products, examines certain specific bonds, as well as delves into certain government policy underpinning the rise of green asset supply, product diversity, and fund flows. We’ve also provided some commentary and research that addresses certain critical challenges of green bonds that you may factor into your analyses.
As ESG investing continues to evolve, so do the funding mechanisms many companies, organizations, and governments use to finance their stated goals. Indeed, ESG-focused financial products, or ‘green assets’, have been growing in volume – as well as by type. In the fixed income space alone, instruments available to investors include green bonds, social bonds, sustainability-linked bonds, climate awareness bonds, gender bonds, and others – not to mention a growing list of ESG-themed exchange-traded funds (ETFs). Through this series of videos, webinars, and readings, students with basic knowledge of traditional financial products (e.g., bonds, ETFs) will learn how to describe various characteristics of green assets, including the supply, demand, and performance of green bonds, as well as holdings of certain ESG-themed ETFs, and discuss the recent growth of related fund flows. They should also be able to explain the principles and frameworks behind the issuance of different ESG-related fixed income products, as well as provide insights into how certain government and central bank policies may pose some critical challenges in this space.
