top-down investment approach

top-down investment approach definition - finance
An investment strategy that identifies stocks and bonds by first deciding what sectors will perform the best. The investor using this approach then seeks out the best companies within those sectors by analyzing the fundamentals of the offered securities.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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