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Diversify in one step with new type of u... Stampeding bulls in the local marke... UNIT TRUSTS:Syfrets Balanced Fun... Even property in Cape Town doesn't beat ... Top-down and bottom-up investment... |
Top-down and bottom-up investments
UNIT trust management companies and investment houses use different investment approaches when deciding on how best to invest their clients' money. There are two basic investment approaches:
This investment approach is most suitable when the investment manager is close to his market - it is not an approach to be used when investing globally.
The top-down manager then buys individual shares within those selected sectors (relative to the specific weightings each sector has been allocated). Unit trust portfolio managers are able to use either approach or a combination of the two. Individual unit trusts have documented investment strategies that determine how much latitude your portfolio manager has in terms of investment approach.
ý Di Turpin, Old Mutual Unit Trusts marketing manager
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