Glossary

Term Definition
Bottom-up stock selection Selecting stocks based on the attractiveness of a company.
BRIC Brazil, Russia, India, China.
Capital Refers to the financial assets, or resources, that a company has to fund its business operations.
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'.
Valuation The worth of an asset or company based on its current price.