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The results of the Global Investor/Euromoney 1998 European Brokers Survey have recently been published. As in previous years, Morgan Stanley Dean Witter achieved a very
strong result.
Euromoney polled European
equity fund managers and asked them to nominate their three preferred
brokerage houses providing equity research and execution in individual
countries and industry sectors. Respondents also nominated leading
strategists and analysts in the region. However, a number of
changes to the methodology of sector voting took place between
1997 and 1998, which impacted the Morgan Stanley result (e.g., the blending
of textiles with pulp and paper; and construction with engineering).
A number of sectors and rankings were excluded because of small
sample size.
Listed below are the rankings achieved by Morgan Stanley:
Overall rankings:
| Category |
1998 Ranking |
1997 Ranking |
| Pan-European Equity Research |
#2 |
#2 |
| Pan-European Sectoral Research |
#2 |
#1 |
| Pan-European Equity Execution |
#2 |
#2 |
Pan-European sector rankings:
| Category |
1998 Ranking |
1997 Ranking |
| No. 1 Rankings |
| Strategy (Richard Davidson & Team) |
#1 |
#2 |
| Economic Research (Team) |
#1 |
#2 |
| Pharmaceuticals (Duncan Moore, James McKean &
Team) |
#1 |
#5 |
| Food, Drink & Tobacco (Sylvain Massot & Team) |
#1 |
#1 |
| No. 2 Ranking |
| Electronics (Angela Dean & Team) |
#2 |
#1 |
| No. 4 Ranking |
| Utilities (Team) |
#4 |
Not ranked |
This poll indicates the continued strength of our
broad research and equity business franchise in Europe.
The full results can be found in the October editions
of Global Investor and Euromoney magazines or by
clicking on Euromoney's website at www.euromoney.com.
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