... EXTEL EUROPE 2014 WEIGHT BANDS OF VOTES FROM THE BUYSIDE AND SELLSIDE ...

Transcription

1 EXTEL EUROPE 2014 WEIGHT BANDS OF VOTES FROM THE BUYSIDE AND SELLSIDE

2 CONTENTS BUYSIDE WEIGHT BANDS 4 SELLSIDE WEIGHT BANDS 10 Aerospace & Defence 10 Autos & Automotive Components 10 Banks 11 Beverages 11 Capital Goods (inc. Eng & Mach) 12 Chemicals 12 Construction & Building Materials 13 Food Manufacturers 13 Forestry, Paper & Packaging 14 Household Products & Personal Care 14 Insurance 15 Leisure, Entertainment & Hotels 15 Luxury Goods 16 Media 16 MedTech & Services 17 Metals & Mining 17 Oil & Gas 18 Oil Services 18 Pharmaceuticals & Biotech 19 Real Estate 19 Retailers (Food) 20 Retailers (Non Food) 20 Semiconductors 21 Software & IT Services 21 Speciality & Other Finance 22 Support & Business Services 22 Telecomms. Equip./IT Hardware 23 Telecommunications Services 23 Tobacco 24 Transport 24 Utilities 25 CONTACTING EXTEL 25 2

3 This report lists out the weight bands we intend to apply for Extel 2014 to the votes received from the buyside and sellside for quality of Investor Relations services and capabilities provided by corporates the IR teams, individual IR professionals, and CEO & CFO. There are quite a few rankings of IR teams and professionals only Extel can be considered proper and professional. The Extel IR rankings are the only ones that Consolidate votes from different individuals at the same firm to produce a single vote from the firm. Other surveys let multiple votes from the same firm all count Weight buyside votes based on the AUM of those firms, so the major investors (your key targets & stockholders) count for more Weight sellside votes based on their Extel rankings in your sector, so the truly influential brokers carry the weight they deserve Gather votes & views from over 5,000 buyside and sellside professionals; hugely in excess of any other pan-european study Are independently verified by Deloitte, across our systems, processes, data & results Has the support of national IR associations across Europe, as our official partners None of these makes our data & results perfect. We are always striving to improve further. But all of these are compelling, intelligent and professional things to do. As IR itself has become both a profession, and central to the investment community, then proper rankings, done properly, are the only ones you can take seriously. Extel 2014 runs to May 7, with results on June 17. Ensure your buyside & sellside counterparties recognize your achievements; and tell us your views too, as one of the 1,000+ corporate taking part. Go to to vote now 3

4 BUYSIDE WEIGHT BANDS Votes from the Buyside are weighted by European Equity Assets Under Management (AUM). The list of fund managers who voted in Extel Europe 2013 is below, with provisional list of weightings for This list will be reviewed and updated in late May, 2014 with voters in the 2014 survey. Aberdeen Asset Management 30 BlackRock Investment Management (UK) 30 Capital International 30 Capital Research Global Investors 30 F&C Asset Management 30 Fidelity Management & Research 30 Fidelity Worldwide Investment 30 Henderson Global Investors 30 Invesco Perpetual 30 JPMorgan Asset Management 30 Legal & General Investment Management 30 Norges Bank Investment Management 30 Schroder Investment Management 30 Allianz Global Investors 24 Amundi Asset Management 24 AXA Investment Managers (UK) 24 BlackRock Investment Management (US) 24 DEKA Investment 24 M&G Investment Management 24 Scottish Widows Investment Partnership 24 UBS Wealth Management 24 Vanguard Group 24 AllianceBernstein 18 Barclays Wealth 18 BNP Paribas Investment Partners 18 Caisse des Dépôts et Consignations 18 Credit Suisse Asset Management (Europe) 18 GIC 18 HSBC Global Asset Management (UK) 18 Jupiter Asset Management 18 MFS Investment Management 18 Natixis Asset Management 18 Newton Investment Management 18 Northern Trust Global Investments 18 4

5 State Street Global Advisors 18 Swedbank Robur 18 UBS Global AM 18 Wellington Management 18 Deutsche Asset & Wealth Management 14 Investec Asset Management 14 Investec Wealth & Investment 14 Morgan Stanley Investment Management 14 PGGM Vermogensbeheer 14 Qatar Holding 14 T. Rowe Price International 14 TIAA-CREF Investment Management 14 Alecta 10 Artisan Partners 10 AXA Investment Managers (France) 10 Baring Asset Management 10 Dodge & Cox 10 Fideuram Investimenti 10 Lazard Asset Management 10 OppenheimerFunds 10 Pictet Asset Management (UK) 10 Union Investment 10 Abu Dhabi Investment Authority 7 Ak Portföy 7 BNP Paribas Wealth Management 7 Boussard & Gavaudan Asset Management 7 Brewin Dolphin 7 Caisse de Depot et Placement du Quebec 7 Egerton Capital 7 Exane Asset Management 7 FRANKFURT-TRUST 7 GLG Partners 7 Groupe Bruxelles Lambert 7 HSBC Global Asset Management (France) 7 Ilmarinen Mutual Pension Insurance Company 7 ING Investment Management 7 Martin Currie Investment Management 7 MEAG Munich ERGO 7 Old Mutual Investment 7 Polar Capital Partners 7 PSP Investments 7 5

6 Putnam Investment Management 7 Robeco 7 Temasek 7 The Carlyle Group 7 AFA Försäkring 5 American Century 5 Arrowgrass Capital Partners 5 BlackRock Financial Management 5 BP Investment Management 5 Brandes Investment Partners 5 California Public Employees' Retirement System 5 Carlson Capital 5 Causeway Capital Management 5 Cevian Capital 5 Danske Capital 5 Deutsche Bank Private Wealth 5 DnB NOR Kapitalforvaltning 5 Eton Park Capital Management 5 Franklin Templeton Investments 5 GAM (UK) 5 Hermes Fund Managers 5 Janus Capital Management 5 KBC Asset Management 5 Kuntien Elakevakuutus 5 LBBW Asset Management 5 Manning & Napier Advisors 5 Marathon Asset Management 5 Marshall Wace 5 Millennium Capital Partners 5 NFU Mutual Insurance 5 Ontario Teachers' Pension Plan 5 Orbis Investment Management 5 Petercam 5 PIMCO 5 Public Investment Corporation 5 Pyramis Global Advisors 5 S.A.C. Global Investors 5 Santander Asset Management 5 SNS Asset Management 5 SVM Asset Management 5 U.S. Steel & Carnegie Pension Fund 5 Viking Global Investors 5 6

7 Waddell & Reed Investment Management 5 Ahorro Corporación Gestión 3 Alken Asset Management 3 Anima SGR 3 Artio Global Management 3 BAE Systems Pension Funds Investment Management 3 Bank Degroof 3 Belfius Bank 3 Broadwalk Asset Management 3 Caixa Gestão de Activos 3 Caxton Associates 3 Cedar Rock Capital 3 CF Partners 3 Cheyne Capital Management 3 Children's Investment Fund Foundation 3 CI Investments 3 Citadel Investment 3 Citigroup Global Capital Markets 3 CM-CIC Asset Management 3 Comgest 3 Covalis Capital 3 Delen Capfi Private Bank 3 Delta Lloyd Bank 3 DNCA Finance 3 Eaton Vance Management 3 Garanti Asset Management 3 Generation Investment Management 3 Goldman Sachs Investment Partners 3 HSBC Trinkaus & Burkhardt 3 Jabre Capital Partners 3 Mackenzie Investments 3 Marble Bar Asset Management 3 Maverick Capital 3 Merrill Lynch Portfolio Managers 3 Mitsubishi UFJ Asset Management 3 Neuberger Berman 3 Oddo Asset Management 3 Odey Asset Management 3 Oriel Asset Management 3 Principal Global Investors 3 Pzena Investment Management 3 Ruffer 3 7

8 RWC Partners 3 Santander Global Banking & Markets 3 Sarasin & Partners 3 SG Private Banking 3 Thrivent Asset Management 3 Zürcher Kantonalbank 3 AGF Management 2 Alliance Trust 2 Altrinsic Global Advisors 2 Amber Capital Investment Management 2 Arca SGR 2 Batterymarch Financial Management 2 BBVA Asset Management 2 Black River Asset Management 2 BNY Mellon Asset Management 2 Calamos Advisors 2 Catella Financial Office 2 CCLA Investment Management 2 Close Brothers Asset Management 2 Cohen & Steers Capital Management 2 Colony Capital 2 Co-operative Asset Management 2 Coutts & Co 2 Credit Suisse Hedging-Griffo Asset Management 2 Delphi Fondene 2 DJE Kapital 2 East Capital Asset Management 2 Edinburgh Partners 2 Elliott Management 2 ESAF 2 Eurizon Capital 2 First State Investments 2 Governance for Owners (GO) 2 Hargreave Hale 2 Independent Franchise Partners 2 Korea Investment Corporation 2 La Caixa 2 Lazard Freres Gestion 2 Lombard Odier Darier Hentsch & Cie 2 Mandarine Gestion 2 Mawer Investment Management 2 Mn Services 2 8

9 Paulson & Co 2 Peugeot Corporate Treasury 2 Pioneer Investments 2 Platinum Asset Management 2 Raiffeisen Capital Management 2 Rothschild & Cie Gestion 2 Sanlam Investment Management 2 Schroders Private Banking 2 Sumitomo Mitsui Banking Corporation 2 SW Mitchell Capital 2 Taconic Capital Advisors 2 Thames River Capital 2 Tradewinds Global Investors 2 TT International 2 UBI Pramerica 2 UBS O'Connor 2 VTB Capital Investment Management 2 W.P. Stewart & Co 2 Wells Capital Management 2 WHEB Asset Management 2 9

10 SELLSIDE WEIGHT BANDS Votes from the sellside are weighted by the firm s ranking in the relevant sectors in Extel Europe Aerospace & Defence Deutsche Bank 20 Exane BNP Paribas 20 Merrill Lynch (Bank of America) 20 J.P.Morgan 12 Morgan Stanley 12 UBS 12 Citi 6 Jefferies LLC 6 Kepler Cheuvreux 6 Société Générale 6 Credit Suisse 2 HSBC 2 Natixis 2 Oddo Securities 2 Redburn 2 Autos & Automotive Components Credit Suisse 20 Sanford C. Bernstein 20 Deutsche Bank 12 HSBC 12 Redburn 12 Citi 6 Goldman Sachs 6 Merrill Lynch (Bank of America) 6 UBS 6 Barclays 2 Exane BNP Paribas 2 J.P.Morgan 2 Kepler Cheuvreux 2 Société Générale 2 10

11 Banks Citi 20 Exane BNP Paribas 20 HSBC 12 J.P.Morgan 12 Autonomous Research 6 Barclays 6 Credit Suisse 6 Deutsche Bank 6 Goldman Sachs 2 Keefe, Bruyette & Woods 2 Kepler Cheuvreux 2 Société Générale 2 UBS 2 Beverages J.P.Morgan 20 Sanford C. Bernstein 20 UBS 20 Nomura Securities 12 Redburn 12 Citi 6 Deutsche Bank 6 Exane BNP Paribas 6 Kepler Cheuvreux 6 Barclays 2 Berenberg 2 Credit Suisse 2 HSBC 2 Société Générale 2 11

12 Capital Goods (inc. Eng & Mach) J.P.Morgan 20 Merrill Lynch (Bank of America) 20 UBS 20 Citi 12 Morgan Stanley 12 Société Générale 12 Credit Suisse 6 Exane BNP Paribas 6 HSBC 6 Redburn 6 Barclays 2 Berenberg 2 Deutsche Bank 2 Goldman Sachs 2 Kepler Cheuvreux 2 Chemicals Deutsche Bank 20 Merrill Lynch (Bank of America) 20 Citi 12 HSBC 12 UBS 12 Credit Suisse 6 Exane BNP Paribas 6 J.P.Morgan 6 Sanford C. Bernstein 6 Berenberg 2 Goldman Sachs 2 MainFirst Bank 2 Nomura Securities 2 Redburn 2 12

13 Construction & Building Materials Deutsche Bank 20 Exane BNP Paribas 20 UBS 20 HSBC 12 Redburn 12 Jefferies LLC 6 Kepler Cheuvreux 6 Morgan Stanley 6 Sanford C. Bernstein 6 Citi 2 Credit Suisse 2 Davy 2 Natixis 2 Société Générale 2 Food Manufacturers Credit Suisse 20 Exane BNP Paribas 20 Sanford C. Bernstein 20 Société Générale 12 UBS 12 Deutsche Bank 6 HSBC 6 J.P.Morgan 6 Morgan Stanley 6 Berenberg 2 Goldman Sachs 2 Kepler Cheuvreux 2 Nomura Securities 2 Redburn 2 13

14 Forestry, Paper & Packaging Credit Suisse 20 Merrill Lynch (Bank of America) 20 UBS 20 Davy 12 Kepler Cheuvreux 12 SEB Equities 12 ABG Sundal Collier 6 Goldman Sachs 6 Goodbody Stockbrokers 6 Morgan Stanley 6 Canaccord Genuity 2 Danske Markets Equities 2 Handelsbanken Capital Markets 2 J.P.Morgan 2 Liberum Capital 2 Household Products & Personal Care Deutsche Bank 20 Exane BNP Paribas 20 Sanford C. Bernstein 20 Credit Suisse 12 J.P.Morgan 12 UBS 12 HSBC 6 Merrill Lynch (Bank of America) 6 Morgan Stanley 6 Nomura Securities 6 Barclays 2 Berenberg 2 Kepler Cheuvreux 2 Redburn 2 Société Générale 2 14

15 Insurance Credit Suisse 20 Merrill Lynch (Bank of America) 20 Autonomous Research 12 HSBC 12 J.P.Morgan 12 Barclays 6 Exane BNP Paribas 6 Keefe, Bruyette & Woods 6 Redburn 6 Citi 2 Deutsche Bank 2 Goldman Sachs 2 Kepler Cheuvreux 2 UBS 2 Leisure, Entertainment & Hotels Barclays 20 Credit Suisse 20 Deutsche Bank 12 Exane BNP Paribas 12 Goldman Sachs 6 HSBC 6 J.P.Morgan 6 Natixis 6 Citi 2 Goodbody Stockbrokers 2 Nomura Securities 2 Oddo Securities 2 UBS 2 15

16 Luxury Goods Citi 20 HSBC 20 J.P.Morgan 20 Exane BNP Paribas 12 Morgan Stanley 12 Barclays 6 Deutsche Bank 6 Goldman Sachs 6 Kepler Cheuvreux 6 Credit Suisse 2 Nomura Securities 2 Oddo Securities 2 Société Générale 2 UBS 2 Media Barclays 20 Exane BNP Paribas 20 Citi 12 Credit Suisse 12 J.P.Morgan 12 Deutsche Bank 6 Goldman Sachs 6 Sanford C. Bernstein 6 UBS 6 HSBC 2 Kepler Cheuvreux 2 Merrill Lynch (Bank of America) 2 Nomura Securities 2 Société Générale 2 16

17 MedTech & Services Berenberg 20 Exane BNP Paribas 20 Deutsche Bank 12 J.P.Morgan 12 Credit Suisse 6 Goldman Sachs 6 Kepler Cheuvreux 6 UBS 6 Barclays 2 Citi 2 Jefferies LLC 2 MainFirst Bank 2 Sanford C. Bernstein 2 Metals & Mining Citi 20 Exane BNP Paribas 20 Merrill Lynch (Bank of America) 20 Credit Suisse 12 Deutsche Bank 12 UBS 12 HSBC 6 J.P.Morgan 6 Jefferies LLC 6 Morgan Stanley 6 Barclays 2 Macquarie Securities Group 2 Nomura Securities 2 Redburn 2 Sanford C. Bernstein 2 17

18 Oil & Gas Sanford C. Bernstein 20 UBS 20 Citi 12 Credit Suisse 12 J.P.Morgan 12 Deutsche Bank 6 Goldman Sachs 6 Merrill Lynch (Bank of America) 6 Nomura Securities 6 Barclays 2 Exane BNP Paribas 2 HSBC 2 Macquarie Securities Group 2 Société Générale 2 Oil Services Barclays 20 HSBC 20 J.P.Morgan 12 Nomura Securities 12 UBS 12 Citi 6 Goldman Sachs 6 Merrill Lynch (Bank of America) 6 Société Générale 6 Deutsche Bank 2 Exane BNP Paribas 2 Kepler Cheuvreux 2 Natixis 2 Sanford C. Bernstein 2 18

19 Pharmaceuticals & Biotech Citi 20 Exane BNP Paribas 20 J.P.Morgan 20 Credit Suisse 12 Deutsche Bank 12 Barclays 6 Berenberg 6 Morgan Stanley 6 UBS 6 Goldman Sachs 2 Jefferies LLC 2 Redburn 2 Sanford C. Bernstein 2 Société Générale 2 Real Estate Exane BNP Paribas 20 J.P.Morgan 20 Kempen & Co. 12 UBS 12 Berenberg 6 Deutsche Bank 6 Jefferies LLC 6 Société Générale 6 Credit Suisse 2 Espirito Santo Investment Bank 2 Goldman Sachs 2 Green Street Advisors 2 Natixis 2 19

20 Retailers Food Citi 20 Credit Suisse 20 Barclays 12 Exane BNP Paribas 12 J.P.Morgan 12 HSBC 6 Kepler Cheuvreux 6 Merrill Lynch (Bank of America) 6 Redburn 6 Deutsche Bank 2 Jefferies LLC 2 Macquarie Securities Group 2 Santander Investment Securities Inc. 2 UBS 2 Retailers (Non Food) Citi 20 Deutsche Bank 20 Exane BNP Paribas 20 Redburn 12 UBS 12 Morgan Stanley 6 Nomura Securities 6 Santander Investment Securities Inc. 6 Société Générale 6 Barclays 2 Credit Suisse 2 HSBC 2 J.P.Morgan 2 Sanford C. Bernstein 2 20

21 Semiconductors Exane BNP Paribas 20 J.P.Morgan 20 Sanford C. Bernstein 12 UBS 12 Deutsche Bank 6 Goldman Sachs 6 Kepler Cheuvreux 6 Natixis 6 Barclays 2 Berenberg 2 Credit Suisse 2 Redburn 2 Société Générale 2 Software & IT Services Exane BNP Paribas 20 UBS 20 Barclays 12 Goldman Sachs 12 Société Générale 12 Berenberg 6 Credit Suisse 6 Kepler Cheuvreux 6 Redburn 6 J.P.Morgan 2 Merrill Lynch (Bank of America) 2 Natixis 2 Nomura Securities 2 Sanford C. Bernstein 2 21

22 Speciality & Other Finance Barclays 20 HSBC 20 Citi 12 UBS 12 Credit Suisse 6 J.P.Morgan 6 RBC Capital Markets 6 Société Générale 6 Berenberg 2 Goldman Sachs 2 Keefe, Bruyette & Woods 2 Macquarie Securities Group 2 Numis Securities 2 Support & Business Services HSBC 20 Merrill Lynch (Bank of America) 20 UBS 20 Citi 12 Credit Suisse 12 Goldman Sachs 12 Deutsche Bank 6 Exane BNP Paribas 6 J.P.Morgan 6 RBC Capital Markets 6 Barclays 2 Berenberg 2 Jefferies LLC 2 Morgan Stanley 2 Natixis 2 22

23 Telecomms.Equip./IT Hardware Sanford C. Bernstein 20 UBS 20 Berenberg 12 Exane BNP Paribas 12 J.P.Morgan 12 Credit Suisse 6 Deutsche Bank 6 Merrill Lynch (Bank of America) 6 Société Générale 6 Arete Research 2 Barclays 2 Kepler Cheuvreux 2 Natixis 2 Nomura Securities 2 Telecommunications Services Citi 20 HSBC 20 J.P.Morgan 20 Credit Suisse 12 Morgan Stanley 12 Sanford C. Bernstein 12 Barclays 6 Exane BNP Paribas 6 Merrill Lynch (Bank of America) 6 Nomura Securities 6 Berenberg 2 Deutsche Bank 2 Goldman Sachs 2 Société Générale 2 UBS 2 23

24 Tobacco Berenberg 20 Citi 20 UBS 20 Exane BNP Paribas 12 Nomura Securities 12 Credit Suisse 6 Deutsche Bank 6 J.P.Morgan 6 Société Générale 6 Goldman Sachs 2 Kepler Cheuvreux 2 Morgan Stanley 2 Natixis 2 Redburn 2 Transport Merrill Lynch (Bank of America) 20 Redburn 20 HSBC 12 Nomura Securities 12 UBS 12 Citi 6 Credit Suisse 6 Deutsche Bank 6 J.P.Morgan 6 Barclays 2 Davy 2 Goldman Sachs 2 Macquarie Securities Group 2 MainFirst Bank 2 24

25 Utilities J.P.Morgan 20 UBS 20 Barclays 12 Exane BNP Paribas 12 Citi 6 Credit Suisse 6 HSBC 6 Société Générale 6 Deutsche Bank 2 Goldman Sachs 2 Kepler Cheuvreux 2 Natixis 2 Nomura Securities 2 25

26 CONTACTING EXTEL CORPORATE FIRMS (IR TEAMS) CONTACT Mariola Mandla T. +44 (0) SENIOR DIRECTOR EXTEL Arthur Steel T. +44 (0) MD EXTEL Steve Kelly T. +44 (0) GENERAL CONTACT T. +44 (0) F. +44 (0)