TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

APPROCHE TOP-DOWN [1 record]

Record 1 2011-10-20

English

Subject field(s)
  • National and International Economics
  • Investment
DEF

An investment strategy which first finds the best sectors or industries to invest in, and then searches for the best companies within those sectors or industries. This investing strategy begins with a look at the overall economic picture and then narrows it down to sectors, industries and companies that are expected to perform well. Analysis of the fundamentals of a given security is the final step.

CONT

With ... [the top-down] approach, management relies heavily on macroeconomic analysis. The manager chooses the sectors or, in the case of international management, the countries that are likely to generate higher returns.

CONT

[Top-down approach is] a method in which an investor first looks at trends in the general economy, and next selects industries and then companies that should benefit from those trends.

French

Domaine(s)
  • Économie nationale et internationale
  • Investissements et placements
CONT

L'approche dite descendante ou top-down, donc de haut en bas, [est] généralement réalisée en trois étapes : l'étude de l'économie à l'échelle nationale ou internationale, l'examen d'un secteur industriel en particulier et l'analyse d'une entreprise au sein de cette industrie.

CONT

Les partisans de l'approche descendante ou top-down (certains parlent de l'approche E-I-C pour economic-industry-company approach) croient que la conjoncture économique générale (qu'on appelle aussi la macro-économie) et la vigueur d'un secteur industriel donné ont un effet considérable sur le rendement d'un titre en particulier.

Spanish

Campo(s) temático(s)
  • Economía nacional e internacional
  • Inversiones
CONT

El método o enfoque top-down es aquél que toma las decisiones de inversión partiendo de las variables más globales para ir descendiendo progresivamente hasta las más específicas [...]

Save record 1

Copyright notice for the TERMIUM Plus® data bank

© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

Features

Language Portal of Canada

Access a collection of Canadian resources on all aspects of English and French, including quizzes.

Writing tools

The Language Portal’s writing tools have a new look! Easy to consult, they give you access to a wealth of information that will help you write better in English and French.

Glossaries and vocabularies

Access Translation Bureau glossaries and vocabularies.

Date Modified: