Institutional Investor Magazine
UBS Wins Top Slot in Institutional Investor Magazine's All-Europe Research Team For The Fourth Year Running
New York (ots/PRNewswire)
UBS takes first place for the fourth consecutive year in Institutional Investor's annual All-Europe Research Team, the results of which were released today in the magazine's February 2005 issue.
Every year, Institutional Investor magazine surveys investors in European equities to find out which brokerage firm analysts did the best job in a broad range of investment categories. In this year's survey, Swiss banking giant UBS wins 36 team positions, more than any other brokerage firm and up sharply from the 30 positions it won a year ago. Deutsche Bank, with 31 team positions, climbs to second place from fifth in 2004, and Merrill Lynch repeats in third, with 29 spots on this year's team. Smith Barney Citigroup falls from second to fourth, winning 27 team positions, while Morgan Stanley rises one place to No. 5, with 23 slots on this year's team. CSFB drops back from a tie for third place in 2004 to sixth place this year, with 22 team positions.
Major institutional investors are scrutinizing their dealings with brokerage firm research departments to pinpoint which analysts provide them with in-depth information and profitable stock picks for their commission pounds and euros - and which don't. "Fund managers are holding analysts to a higher standard than ever before," says Michael Carroll, Editor of Institutional Investor. "But they are also making it clear that they place great value on insightful, moneymaking ideas produced by research firms."
Here are the brokerage firms that won the most positions on Institutional Investor's 2005 All-Europe Research Team:
RANK TEAM POSITIONS
2005 2004 FIRM 2005 2004
1 1 UBS 36 30
2 5 Deutsche Bank 31 25
3 3 Merrill Lynch 29 26
4 2 Smith Barney Citigroup 27 27
5 6 Morgan Stanley 23 20
6 3 Credit Suisse First Boston 22 26
7 7 Lehman Brothers 18 17
8 9 Dresdner Kleinwort Wasserstein 10 10
8 8 Goldman Sachs International 10 15
10 9 ABN Amro 7 10
10 9 J.P. Morgan 7 10The results of Institutional Investor's 20th annual All-Europe Research Team reflect the opinions of more than 1,700 buy-side analysts and portfolio managers at 450 institutions managing an estimated US$3.9 trillion in European equities.
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Kim Lemmonds, +1-212-224-3650, for Institutional Investor Magazine