Thursday July 29, 2010

SEARCH

Advanced



Research & Rankings

Latest Releases:
Brazil Flag Brazil 20
BB Gestão de Recursos retains its lead in the annual ranking of Brazil's 20 biggest money managers.
II 300
America's Biggest Money Managers
Coming in September:
Country Credit
Asia 100

 
Search by: Skip Navigation Links
RegionExpand Region
Skip Navigation Links
SubjectExpand Subject

SUBSCRIBE NOW to get instant, unrestricted access to current and archived research & rankings.



FREE TRIAL

Register today for a FREE 2 week trial including full online access and the latest issues of Institutional Investor magazine.



2010 Emerging EMEA Research Team
Overview | Leaderboard | Top Analysts | Runners Up | Weighted Results | What Investors Want | Methodology | View Article | 2009 Results |


Overview

BofA Merrill Lynch Global Research Is No. 1 in Emerging Markets Research

The emerging markets of Europe, the Middle East and Africa are very different culturally and geographically, but in recent months have shown remarkable similarity to one another as their stock markets have recovered from crippling losses.

“Emerging-market equities had a fantastic year,” says Roland Nash, head of research at Renaissance Capital in Moscow. “Even markets such as Africa and the Commonwealth of Independent States, which saw the biggest sell-off in the first half of last year, bounced back by leaps and bounds during the recovery.”

Investors that fled these markets in late 2008 and early 2009 spun on their heels and rushed right back when it became evident that this is where the growth is, thanks largely to rising commodities prices.

“We saw substantial money flowing back in to countries like Russia, on the back of higher oil prices, and into the Middle East–North Africa region, similarly on rising oil prices,” explains London-based Mark Iannotti, head of emerging EMEA research at BofA Merrill Lynch Global Research.

But investing in emerging markets can be a bumpy ride, as money managers were reminded in November when Dubai announced that it was unable to meet its debt payments. The news jolted a financial world still struggling to come to grips with the economic turmoil unleashed in 2008 with the collapse of Lehman Brothers Holdings in the U.S.

Investors require on-the-ground, in-the-trenches guidance from analysts who can alert them to both the risks and the opportunities in these often-volatile markets, and no firm has done a better job of providing that guidance than BofA Merrill Lynch Global Research, according to participants in the 2010 Emerging EMEA Research Team survey, Institutional Investor’s seventh annual ranking of the region’s best equity analysts.

BofA captures 12 total team positions, three more than in 2009, and bumps last year’s top firm, Renaissance Capital, down a notch to No. 2; RenCap wins ten team positions. Deutsche Bank, with eight positions, jumps two spots to third place. Troika Dialog vaults from No. 8 to tie for fourth place with UBS; the firms claim seven positions each.

To view the list of winning firms, click on the Leaderboard tab above.

To view the winning teams in each of the survey’s 15 sectors, click on Top Analysts.

For information about how this ranking was compiled, click on Methodology.

The Runners Up rankings are available to subscribers only. Click here to subscribe for more detailed results.


More-detailed coverage of the 2010 Emerging EMEA Research Team can be found in the March issue of Institutional Investor. To start your subscription, click here.

For information about our detailed Research Team reports, please contact Alyssa Walker at awalker@iiresearchgroup.com.



Please read our Term and Conditions and Privacy Policy before using the site.

All material subject to strictly enforced copyright laws. © 2008 Institutional Investor, Inc.