Term Definition
Bottom-up selection Selecting stocks based on the attractiveness of a company.
Capital Refers to the financial assets, or resources, that a company has to fund its business operations.
Credit The borrowing capacity of an individual, company or government. More narrowly, the term is often used as a synonym for fixed income securities issued by companies.
Fiscal policy Government policy on taxation, spending and borrowing.
Inflation The rate of increase in the cost of living. Inflation is usually quoted as an annual percentage, comparing the average price this month with the same month a year earlier.
Macroeconomic Refers to the performance and behaviour of an economy at the regional or national level. Macroeconomic factors such as economic output, unemployment, inflation and investment are key indicators of economic performance. Sometimes abbreviated to 'macro'.
Monetary policy A central bank's regulation of money in circulation and interest rates.