GLOBAL - The number of investment research providers capable of fully integrating extra-financial issues within investment analysis is growing with nine companies rated the best at providing this service.
According to the latest evaluation of investment research carried out by the Enhanced Analytics Initiative (EAI), Bertstein, Citigroup, CLSA, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, Oddo Securities and UBS Investment Research were the best at providing analysis of extra-financial factors within mainstream investment.
EAI full members, who include ABP and the London Pension Fund Authority, commit to allocating a minimum of 5% of their annual broker commissions to research houses who do this best.
The period under evaluation was from November 2005 to May 2006. The nine companies will be eligible for EAI commissions in the second half of this year.
Although many sectors remain under-researched, the EAI said the range of sectors covered was expanding.
The evaluation was also witness to the growing and increasingly sophisticated coverage of the Asia-Pacific region. However, the EAI noted that other emerging markets have remained almost entirely uncovered.
EAI chairman David Blood said: “We would like to see further improvements in terms of the breath of sectors and extra financial issues covered.”
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