An investing approach whereby an investor first looks at major trends in the economy, then selects industries, and then companies that will benefit from these trends. The opposite approach is called bottom-up investing.
An investment strategy that analyzes general economic trends and then seeking industries and companies that can be expected to benefit from the trends. This is the opposite of bottom-up investing.
A management style that emphasizes the strength of various market sectors, industries or countries. Individual securities are then selected within the favoured sectors.
This describes an investing approach in which managers first look at, say, the big picture in the economy. They then predict what industries or sectors are poised to do well, and then they buy stocks within those industries. Some top-down investors begin with quantitative screens to choose sectors, while others take a more thematic approach.
As opposed to bottom-up or stock selection based investing, this is an approach which looks at the trends in the economy and deciding which countries, markets or industries will benefit before selecting individual companies in which to invest.
The top-down style of investment management places primary importance on country or regional allocation. Top-down managers generally focus on global economic and political trends in selecting the countries or regions where they expect to find investment opportunities. Only then do they employ a more fundamental analysis of individual stocks in order to make their final selections.
An approach which examines trends in the overall economy to decide which countries, markets or industries will benefit most before selecting individual companies in which to invest. The reverse of bottom-up or stock selection based investing.
An approach to investing which seeks to first identify economic trends in the general economy before considering the industries and then the companies that should benefits from those trends.