自上而下的投资策略的中文解释
一种投资策略,试图通过挑选行业标的以组成理想的投资组合。基金公司如果运用自上而下的投资策略,首先会研究经济或市场的总体趋势,以选择最好的行业进行投资,然后再从选定的行业内寻找最佳的投资工具。基金也可能会先选定投资哪一些国家,然后再选择行业,最后选定具体的标的。与之相对的是"自下而上的投资策略(bottom up)"。
Top Down的英文解释
An
investmentstrategy that tries to
achieve a balance in an
investment portfolio by selecting various sectors or industries. If a fund uses a top-down approach it will look at general economic or market trends to find the best sectors to
invest in. Then it will look for the best investments within that sector. A fund may also choose countries, before it chooses sectors and finally the individual companies within those sectors. Opposite of bottom up.