top-down investing

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Top-Down Investing

An investment philosophy that considers macroeconomic factors. When making investment decisions a top-down investor first considers the broad condition of the economy, then factors affecting specific industries expected to outperform the economy, and, finally, individual companies expected to do the best in those industries. Proponents of top-down investing argue that it identifies good companies more efficiently, while critics contend that it does not let the investor know the details of each specific stock. See also: Bottom-up investing.

top-down investing

Making investment decisions by first focusing on economic forecasts and then evaluating prospects for individual industries and companies. Compare bottom-up investing.
References in periodicals archive ?
Contract Awarded for top down planning and estimating of the fast project.
It facilitates collaboration during the budgeting cycle while supporting real time aggregations, driver based budgeting, top down planning through global assumptions, bottom up adjustments by regional offices and other processes necessary to create successful plans for law firms.
One factor in this new approach may be that companies have responded to the rapidly evolving and unpredictable nature of growing a business across Asia Pacific and now focus less on managing the talent flow as a top down planning process through traditional career paths and succession planning.
The GrMAP Enterprise Version includes modules for Top Down planning, Bottom Up planning, and Allocation across multiple countries, report formats (including e-commerce), and currencies.