EUROPE - Fidelity Investment Services has topped the annual Thomson Financial Extel survey of European fund management houses for the second year running.
Fidelity took 14.97% of the votes; Capital Group came in as runner-up at 4.54%, with Schroder Investment Management in third position with 4.30%.
Despite recent coverage surrounding allegations of poor performance Merrill Lynch Investment Managers (UK) took fourth place with 4.23%.
The results were based on an aggregation of quoted company and brokerage firm votes which totalled 167 and 78 respectively.
The remaining results for the fund management section comprised Capital International 3.29%; Morley Fund Management 2.43%; JPMorgan Fleming Asset Management (JP Morgan team) 2.39%; Capital Research & Management Company 2.16%; Putnam 2.12%, and Deutsche Asset Management (UK) 1.92%.
The top three pan-European sellside brokerage firms based on company votes were Deutsche Bank 10.92% ; UBS Warburg 10.82%, and Credit Suisse First Boston 9.65%. These were followed by Schroder Salomon Smith Barney; Merrill Lynch International; Morgan Stanley; Goldman Sachs International; Lehman Brothers; JPMorgan, and ABN AMRO.
The survey intends to cover investment consultants next year.
By Madhu Kalia
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