Investing for Beginners , investing

Investment management process has several functions:

• Macroeconomics analysis and estimates
• Research of industry sectors
• Security picking
• Asset allocation
• Market timing
• Financial news covering
• Securities trading
• Stock valuation

There are many investment management strategies and some of them start from macroeconomics (top-down) while others start from securities selection (bottom-up). All those are ‘value driven’ investment management strategies but new quantitative strategies are also getting more popular. 

Investment management process can be understood differently in investment management business and everyone is convinced that his understanding and the investment management strategy is the best. Investment management consulting also may be included in the process.