HSBC, the yearâ€™s biggest upward mover, jumps into the top ten at No. 9
Online PR News – 06-August-2013 – Tuesday, August 6, 2013 – Itau BBA vaults from fifth place all the way to first on the 2013 Latin America Research Team, Institutional Investorâ€™s 21st annual Ranking of the regionâ€™s leading sell-side analysts. The Sao Paulo-based firm unseats crosstown rival BTG Pactual, which falls to third place. Complete survey results can be found by visiting, www.institutionalinvestor.com
Itauâ€™s team position total surges by 50 percent, from 16 to 24. Put another way, ItaĂş teams fail to rank in only one of the surveyâ€™s 25 categories: North Andean Countries. Bank of America Merrill Lynch holds steady in the No. 2 spot despite enjoying strong gains of its own: It captures five more positions this year, for a total of 23. The only sectors in which this firmâ€™s crews donâ€™t rank are Financials/Nonbanks and Health Care.
Although BTG Pactual tumbles from the top spot to share third place with J.P. Morgan, its team-position total falls by only one, to 21. J.P. Morganâ€™s total reflects a gain of four. Rounding out the top five is Morgan Stanley, which slips from No. 3 after losing one position, leaving it with 16.
HSBC is the yearâ€™s biggest mover. Its team-position total increases from one to four, enough to propel the U.K.-based firm from No. 12 to No. 9.
These results reflect the opinions of more than 810 investment professionals at some 420 buy-side institutions that collectively manage more than $418 billion in Latin American equities and nearly $265 billion in Latin American debt.
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