Barclays Capital once again dominates this year’s fixed-income research poll. This year, 680 investors gave us their views of fixed income and which banks provide the best research on the topic.
Last year, Barclays Capital jumped from fifth place to poll position, and it has now retained that lead, with J.P. Morgan again holding on to second place. UBS hop-scotched over Citi to take third place, with the American bank falling back to fourth.
The big gainer this year was Nomura, which moved up to fifth place, from ninth last year. In 2008 the Japanese bank was in 17th place, which may indicate that when it scooped up Lehman Brothers’ Asia team, it wooed new investors to its house and has retained them.
The overall winner, Barclays, won in five categories. It was voted the best researcher of macroeconomics, bank and financial sector, investment grade credit, high-yield/distressed credit and the firm with the best fixed-income and credit strategy. J.P. Morgan won the bank with the best sovereign credit research. UBS took the prize for the best sales and trading team.
Finally, each year readers ask us who was polled. The vast majority of the 680 respondents were from Asia, with just six voters from the UK and 7 from the US, plus one rogue investor said to be based in Monaco.
