Objectivity of equity research, which has been a ‘hot topic’ in the brokerage world of late, has slipped in importance to fund managers when choosing a stockbroker, perhaps indicating that measures introduced to ensure research analysts had no conflicts of interest are working.
 | | stockbroking firm ratings |
For the past two years ‘quality of equity research’ has been the most important factor looked for by fund managers, and once more this is to the fore. However with objectivity slipping back to second place, ‘execution and ability to deal in size’ has moved from fourth place up to second, something Davy will be pleased about as they were voted the best firm under this heading.
Also moving up in importance is ‘ancillary research services’ offered by the firms such as a website, seminars etc. Last year this was only in eighth place, but it is now the fifth most important factor.
A new addition this year is ‘strength of quantitative and technical analysis’. However it appears that this is not a very important factor for fund managers, and it comes in tenth place. |
