A management style that begins with an assessment of the overall economic environment and makes a general asset allocation decision regarding various sectors of the financial markets and various industries. The bottom-up manager , in contrast, selects the specific securities within the favored sectors.
TOP-DOWN EQUITY MANAGEMENT STYLE
Meaning of TOP-DOWN EQUITY MANAGEMENT STYLE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012