KangaNews Fixed-Income Research Poll 2018: results announced
The results of the eighth iteration of the KangaNews Fixed-Income Research Poll, the only independent, specialist poll of fixed-income investors' views on research in the Australian market, are supported by a record number of responses for the third consecutive year in 2018. More than 100 qualifying votes were received from institutional investors. KangaNews is pleased to reveal the full suite of 2018's winners.
Year-on-year consistency in outcome characterises the results again. Commonwealth Bank of Australia (CommBank) continues to dominate, taking out the top spot in the best overall research provider category for the fifth year running. It also retains first place in an additional six categories, including Australian government and semi-government, foreign exchange, and relative value.
There is another notable success story, coming from Westpac Instititional Bank (Westpac). The bank improves its performance in four categories in the 2018 poll – more than any other bank, including in relative-value research where it was outside the top five in 2017. Most notably, Westpac reclaims the title of leading structured-finance research provider in 2018 that it lost to CommBank two years before.
Apart from CommBank, other 2017 category winners to retain their titles are Citi, which holds onto global research, ANZ, for research on Asian markets, and National Australia Bank, which tops the macroeconomic research category.
Full coverage of the KangaNews Fixed-Income Research Poll 2018, including commentary from category winners, will appear in the June-July edition of KangaNews magazine.
KangaNews Fixed-Income Research Poll 2018: full results
* Denotes 2017 category winner.
Which team provides the best overall research on Australian fixed income?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Adam Donaldson, Philip Brown, Scott Rundell, Chris Walter, Kevin Xie and Tally Dewan |
| 2 | National Australia Bank | Peter Jolly, Ivan Colhoun, Alan Oster, Skye Masters, Michael Bush and Ray Attrill |
| 3 | ANZ | ANZ research |
| 4 | Westpac Institutional Bank | David Goodman, Damien McColough, Martin Jacques and Brendon Cooper |
| 5 | Deutsche Bank | Adam Boyton, Ken Crompton, Phil O'Donaghoe, Augusto Medeiros and Jeff Cai |
Source: KangaNews 28 May 2018
Which team provides the best research and analysis of Australian government and semi-government bonds?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Adam Donaldson, Philip Brown and Kevin Xie |
| 2 | ANZ | Martin Whetton and Jack Chambers |
| 3 | National Australia Bank | Skye Masters and Alex Stanley |
| 4 | Westpac Institutional Bank | Damien McColough |
| 5 | J.P. Morgan | Sally Auld and Henry St. John |
Source: KangaNews 28 May 2018
Which team provides the best research and analysis of supranational, sovereign and agency bonds?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Kevin Xie and Adam Donaldson |
| 2 | ANZ | Martin Whetton and Jack Chambers |
| 3 | National Australia Bank | Skye Masters and Alex Stanley |
| 4 | Westpac Institutional Bank | Damien McColough |
| 5 | Citi | Peter Goves, Steven Mansell and Carl Ang |
Source: KangaNews 28 May 2018
Which team provides the best research and analysis on foreign exchange?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Richard Grace, Joe Capurso, Elias Haddad, Andy Ji and Peter Kinsella |
| 2 | National Australia Bank | Ray Attrill and Rodrigo Catril |
| 3 | Westpac Institutional Bank | Robert Rennie, Sean Callow and Richard Franulovich |
| 4 | J.P. Morgan | Sally Auld and Ben Jarman |
| 5 | ANZ | Daniel Been and Giulia Specchia |
Source: KangaNews 28 May 2018
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 |
| 3 | National Australia Bank | Ken Hanton |
| 4 | ANZ | ANZ research |
| 5 | Deutsche Bank | Augusto Medeiros and Jeff Cai |
Source: KangaNews 28 May 2018
Which team provides the best research and analysis on Australian corporations?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Scott Rundell and Chris Walter |
| 2 | Citi | Anthony Ip |
| 3 | National Australia Bank | Michael Bush and Andrew Jones |
| 4 | Westpac Institutional Bank | Brendon Cooper and Martin Jacques |
| 5 | Deutsche Bank | Augusto Medeiros and Jeff Cai |
Source: KangaNews 28 May 2018
Which team provides the best trade ideas?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Philip Brown, Kevin Xie, Adam Donaldson, Chris Walter and Scott Rundell |
| 2 | ANZ | Martin Whetton, Daniel Been and Giulia Specchia |
| 3 | Citi | Steven Mansell, Carl Ang and Anthony Ip |
| 4 | National Australia Bank | Skye Masters and Alex Stanley |
| 5 | J.P. Morgan | Sally Auld and Henry St John |
Source: KangaNews 28 May 2018
Which team provides the best relative value research in the Australian debt market?
| Rank | Institution | Team |
|---|---|---|
| 1 | Commonwealth Bank of Australia* | Philip Brown, Kevin Xie, Adam Donaldson, Chris Walter and Scott Rundell |
| 2 | Citi | Steven Mansell, Carl Ang and Anthony Ip |
| 3 | ANZ | Martin Whetton and Jack Chambers |
| 4 | Westpac Institutional Bank | Damien McColough |
| 5 | National Australia Bank | Skye Masters and Alex Stanley |
Source: KangaNews 28 May 2018
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, Ebrahim Rahbari, Matt King, Jeremy Hale, Harvinder Sian, Jabaz Mathai, Steven Mansell and Carl Ang |
| 2 | Deutsche Bank | Deutsche Bank |
| 3 | ANZ | Richard Yetsenga, Tom Kenny, Brian Martin, Daniel Been and Martin Whetton |
| 4= | Commonwealth Bank | Commonwealth Bank |
| 4= | J.P. Morgan | John Normand and team |
Source: KangaNews 28 May 2018
Which team provides the best research on Asian markets in terms of its value to Australian fixed-income investors?
| Rank | Institution | Team |
|---|---|---|
| 1 | ANZ* | Khoon Goh, Raymond Yeung, Jennifer Kusuma, David Qu, Richard Yetsenga and Martin Whetton |
| 2 | Citi | Willem Buiter, Catherine Mann, Li-Gang Liu, Johanna Chua, Kiichi Murashima, Siddharth Mathur, Jeremy Hale, Tomohisa Fujiki, Steven Mansell and Carl Ang |
| 3 | HSBC | Herald van der Linde |
| 4 | Nomura | Nomura |
| 5 | Bank of America Merrill Lynch | Bank of America Merrill Lynch |
Source: KangaNews 28 May 2018
Which team provides the best macroeconomic research and analysis?
| Rank | Institution | Team |
|---|---|---|
| 1 | National Australia Bank* | Ivan Colhoun, Peter Jolly, Alan Oster, Tapas Strickland, Kaixin Owyong and David de Garis |
| 2 | Commonwealth Bank of Australia | Michael Blythe, Belinda Allen, Michael Workman, John Peters, Kristina Clifton and Gareth Aird |
| 3 | Westpac Institutional Bank | Bill Evans and team |
| 4 | ANZ | David Plank, Felicity Emmett, Jo Masters, Cherelle Murphy, Daniel Gradwell and Jack Chambers |
| 5 | Deutsche Bank | Adam Boyton and Phil O'Donaghoe |
Source: KangaNews 28 May 2018