Like every year, more than 2,200 money managers working for about 800 investment institutions (with circa €6 trillion of equities under management) have voted for their favourite sell-side research analysts on the 2014 Institutional Investor’s 29th annual equity research ranking.
Many buy-side fund managers rely on the opinion of sell-side analysts to assess their current or potential new stock positions in their portfolios. This year, they have decided that Bank of America Merrill Lynch has been the most helpful research house in Europe, after coming just third last year. Deutsche Bank (last year’s winner) came second, and JP Morgan Cazenove came third.
Morgan Stanley remains steady on fourth place, while UBS, which led this ranking for most of the past decade and came in second in 2013 dropped to fifth place.
|1||3||Bank of America Merrill Lynch#|
|3||5||JP Morgan Cazenove|
|6||9||Exane BNP Paribas|