KangaNews Fixed-Income Research Poll 2019: results announced
KangaNews is proud to reveal the results of its 2019 Fixed-Income Research Poll, in which Australian institutional investors are asked to vote for the best research providers across a range of sectors. The ninth iteration of the poll has a familiar look across most categories – consistency of performance is a hallmark of this survey – but there are still a clutch of changes at the top of specific categories.
Commonwealth Bank of Australia (CommBank) dominates once more, taking out the top spot in the best overall research provider category – a trophy it has held for six years running. The overall category is more competitive in 2019 than it has been in recent years, however, with National Australia Bank (NAB) in particular closing the gap at the top.
At the same time, CommBank also retains first place in an additional five categories: best research and analysis on Australian government and semi-government; supranational, sovereign and agency; corporate issuers; trade ideas; and relative-value research.
There are other notable success stories, coming from NAB, Citi and Westpac Institutional Bank (Westpac).
In addition to retaining the top spot in macroeconomic research and analysis, NAB finishes in joint first place for best research on Australian government and semi-governments and, for the first time, takes out the trophy for the foreign-exchange category. Elsewhere, NAB places second in the overall category for 2019, enters the top five for research on global and on Asian markets, and improves its performance in almost every other category – more than any other bank – relative to its 2018 finishes. NAB is also the clear standout as most improved research house as recognised by investor votes.
Westpac is another improving story in the 2019 poll, with higher-place finishes in seven categories relative to 2018. Westpac retains the structured-finance research and analysis crown it took in 2018 from CommBank and moves into the top five for trade ideas and global research.
The only other bank to win a category in 2019 is Citi, which holds onto global research for the third consecutive year and wins best research on Asian markets, a category which has been held by ANZ since it was first included in the poll in 2014.
Full coverage of the KangaNews Fixed-Income Research Poll 2019, including commentary from category winners, will appear in the June-July edition of KangaNews magazine.
KangaNews Fixed-Income Research Poll 2019: full results
* Denotes 2018 category winner.
Which team provides the best overall research on Australian fixed income?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Martin Whetton, Philip Brown, Scott Rundell, Tally Dewan, Joyce Yu and Kevin Xie |
| 2 | National Australia Bank | Ivan Colhoun, Skye Masters, Alex Stanley, Peter Jolly, Alan Oster, Kieran Davies, Michael Bush, Ken Hanton and Ray Attrill |
| 3 | Westpac Institutional Bank | Damien McColough, Martin Jacques, Brendon Cooper, Duncan Chellew and Leila O’Connell |
| 4 | Citi | Steven Mansell, Carl Ang and Anthony Ip |
| 5 | ANZ | ANZ research |
Source: KangaNews 29 May 2019
Which team provides the best research and analysis of Australian government and semi-government bonds?
| Rank | Institution | Team |
|---|---|---|
| 1= | Commonwealth Bank of Australia* | Martin Whetton, Philip Brown and Stephen Halmarick |
| 1= | NAB | Skye Masters and Alex Stanley |
| 3 | Westpac Institutional Bank | Damien McColough and Leila O'Connell |
| 4 | ANZ | Jack Chambers and David Plank |
| 5 | Citi | Steven Mansell and Carl Ang |
Source: KangaNews 29 May 2019
Which team provides the best research and analysis of supranational, sovereign and agency bonds?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Martin Whetton and Philip Brown |
| 2 | Westpac Institutional Bank | Damien McColough and Leila O'Connell |
| 3 | ANZ | Jack Chambers and David Plank |
| 4 | Deutsche Bank | Ken Crompton |
| 5 | J.P. Morgan | Sally Auld |
Source: KangaNews 29 May 2019
Which team provides the best research and analysis on foreign exchange?
| Rank | Institution | Team |
|---|---|---|
| 1 | National Australia Bank | Ray Attrill and Rodrigo Catril |
| 2 | Westpac Institutional Bank | Robert Rennie, Sean Callow and Richard Franulovich |
| 3 | Commonwealth Bank of Australia* | Richard Grace, Joe Capurso, Elias Haddad and Kim Mundy |
| 4= | ANZ | Daniel Been |
| 4= | J.P. Morgan | Sally Auld, Ben Jarman and Ben Meggyesi |
Source: KangaNews 29 May 2019
Which team provides the best research and analysis on structured finance?
| Rank | Institution | Team |
|---|---|---|
| 1 | Westpac Institutional Bank* | Martin Jacques |
| 2= | Commonwealth Bank of Australia | Tally Dewan |
| 2= | National Australia Bank | Ken Hanton |
| 4 | Deutsche Bank | Augusto Medeiros |
| 5 | ANZ | ANZ research |
Source: KangaNews 29 May 2019
Which team provides the best research and analysis on Australian corporations?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Scott Rundell and Joyce Yu |
| 2 | National Australia Bank | Michael Bush and Andrew Jones |
| 3 | Citi | Anthony Ip |
| 4 | Westpac Institutional Bank | Brendon Cooper, Martin Jacques and Duncan Chellew |
| 5 | Deutsche Bank | Augusto Medeiros |
Source: KangaNews 29 May 2019
Which team provides the best trade ideas?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Philip Brown, Martin Whetton, Scott Rundell, Joyce Yu and Tally Dewan |
| 2 | Citi | Steven Mansell, Carl Ang and Anthony Ip |
| 3 | National Australia Bank | Skye Masters and Alex Stanley |
| 4= | Westpac Institutional Bank | Damien McColough and Leila O'Connell |
| 4= | ANZ | Daniel Been, Jack Chambers and David Plank |
Source: KangaNews 29 May 2019
Which team provides the best relative value research in the Australian debt market?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Martin Whetton, Scott Rundell and Philip Brown |
| 2 | Citi | Steven Mansell, Carl Ang and Anthony Ip |
| 3 | National Australia Bank | Skye Masters and Alex Stanley |
| 4 | Westpac Institutional Bank | Damien McColough, Leila O'Connell and Brendon Cooper |
| 5 | ANZ | Jack Chambers and David Plank |
Source: KangaNews 29 May 2019
Which team provides the best research on global markets in terms of its value to Australian fixed-income investors?
| Rank | Institution | Team |
|---|---|---|
| 1 | Citi* | Willem Buiter, Catherine Mann, Matt King, Jeremy Hale, Jabaz Mathai, Steven Mansell and Carl Ang |
| 2 | National Australia Bank | Tapas Strickland, Gavin Friend, Ray Attrill, Rodrigo Catril and Christy Tan |
| 3 | ANZ | Richard Yetsenga, Tom Kenny, Brian Martin and Daniel Been |
| 4= | Deutsche Bank | Deutsche Bank |
| 4= | Westpac Institutional Bank | Richard Franulovich, Robert Rennie, Damien McColough and Elliot Clarke |
Source: KangaNews 29 May 2019
Which team provides the best research on Asian markets in terms of its value to Australian fixed-income investors?
| Rank | Institution | Team |
|---|---|---|
| 1 | Citi | Willem Buiter, Catherine Mann, Li-Gang Liu, Johanna Chua, Kiichi Murashima, Jeremy Hale, Lu Sun, Tomohisa Fujiki, Steven Mansell and Carl Ang |
| 2 | ANZ* | Khoon Goh, Raymond Yeung, Jennifer Kusuma and Richard Yetsenga |
| 3= | National Australia Bank | Christy Tan |
| 3= | HSBC | Andre de Silva |
| 3= | UBS | Tao Wang and Donna Kwok |
Source: KangaNews 29 May 2019
Which team provides the best macroeconomic research and analysis?
| Rank | Institution | Team |
|---|---|---|
| 1 | National Australia Bank* | Ivan Colhoun, Peter Jolly, Alan Oster, Kieran Davies, Tapas Strickland, Kaixin Owyong, David de Garis, Gareth Spence |
| 2 | Westpac Institutional Bank | Bill Evans and Westpac Economics |
| 3 | Commonwealth Bank of Australia | Michael Blythe, Gareth Aird, Belinda Allen, Kristina Clifton and Stephen Halmarick |
| 4 | ANZ | David Plank, Felicity Emmett, Cherelle Murphy, Daniel Gradwell and Jack Chambers |
| 5 | UBS | Arend Kapteyn, George Tharenou, Carlos Cacho |
Source: KangaNews 29 May 2019